HICKS: Courage will be necessary to curb inflation
Inflation causes lenders to raise interest rates. Businesses slow their borrowing, produce less and require fewer workers. Within a year or so, inflation becomes everyoneâ??s problem.
Economy
Articles
Protest at Evansville Whirlpool plant draws 1,500
Company shuttering plant, moving work to Mexico.
Weather blamed for unexpected rise in jobless claims
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of
claims caused by snowstorms the previous week.
Intellectual property practices in law firms recovering from recession
Practices are beginning to thaw along with other areas of the economy.
Pondering an Evan Bayh redux
Some observers think Bayh will run for governor again to springboard to the presidency. But to stand out to national, and
possibly even Hoosier, voters, he might be forced outside his cautious comfort zone.
Cultural Trail pork?
The finished trail will be great. But the federal government is on a trajectory toward fiscal oblivion.
Go west (to Hendricks County)
The economy is as good or better in Hendricks County than anywhere else in the Indianapolis area.
Ivy Tech, IPIC snare $10M in job-training grants
Programs will bolster job opportunities for some 1,700 Indiana workers in sectors including health care and advanced manufacturing.
ANALYSIS: Insurance rate hikes at heart of health-care debate
Individual insurance rate hikes like those recently planned for WellPoint Inc.’s California customers might be unlikely to
spread to those covered through their employers. But such hikes will affect a huge number of Americans — the 46 million
with no insurance at all.
Light in the gloom
More industrial construction is going on in Indiana than in any nearby state.
Columbia City plant to close, nixing 135 workers
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according
to a union official.
State jobless fund tax increase becomes hot topic
Whether to delay increases in taxes that employers pay to Indiana’s unemployment insurance fund is becoming a
contentious issue in the General Assembly.
Kmart closing adds to Connersville jobless woes
Kmart’s announcement that it will close its store in Connersville in May will put 59 employees out of work. Fayette County,
where the city is located, already is strapped by steep job losses.
Jobless claims fall more than expected
The number of newly laid-off workers seeking unemployment benefits fell sharply last week, a hopeful sign the job market may
be improving.
Wholesale inventories drop unexpectedly
Businesses slashed wholesale inventories sharply in December, a much weaker showing than expected and a troubling sign that
companies are still too pessimistic about the economy to begin restocking shelves.
National unemployment rate drops to 9.7 percent
January’s report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the private sector as a whole added 63,000 positions.
Indy without Lilly, the 500?
An Indiana University prof thinks Indianapolis should anticipate a future without Indianapolis Motor Speedway, and a potentially
reduced Eli Lilly and Co.
Obama unveils 2011 budget with $3.8 trillion in spending
The president’s budget offers tax cuts for businesses, including a $5,000 tax credit for hiring new workers this year, help
for the unemployed and $25 billion more for cash-strapped state governments. Job creation will take precedence over stemming
a surging deficit.
Obama takes populist tone in fight over jobs
The president’s unemployment strategy is twofold: create jobs, and force Republicans to choose between helping Main Street
and Wall Street.