Articles

HICKS: Recession results in ‘great deleveraging’

On virtually every meaningful measure, this recession stacks up as only the third or fourth worst post-World War II recession, but its effects are much more profound in a few areas. One area that will be most apparent is the changes the economy has wrought on consumer credit.

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New jobless claims rise more than expected

The number of newly laid-off workers filing claims for jobless benefits rose more than expected last week, as employers remain
reluctant to hire even as the economy shows signs of recovery.

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Lockheed Martin planning Indianapolis layoffs

Maryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining call volumes and “funding issues” that are cutting short a five-year federal contract worth a total of $80 million.

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Taking Ostrom to Indiana forests

How rich that Elinor Ostrom, the Indiana University professor who won a Nobel prize for economics yesterday, got her nails
dirty researching how people in pockets of forests in undeveloped nations allocate their natural resources.

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Federal workers dodging layoffs

One of the best places to have waited out this recession was in federal government. Federal workers have pretty much gotten
a bye on pink slips at a time private sector employees have taken it on the chin.

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IU: Indiana economy turned in March

The Indiana economy turned up in March, but the recovery has been slow and dogged. That’s the picture painted by a new
monthly index unveiled Wednesday by the Indiana Business Research Center within the Kelley School of Business at Indiana University.

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