A showy millionaire faces spate of lawsuits
A recent spate of lawsuits, filed by a who’s who of Indianapolis businessmen, exposes cracks in Tim Durham’s veneer of opulence.
Economy
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Orchestra lays off eight as donations, ticket sales drop
The Indianapolis Symphony Orchestra will look to volunteers to help cover the work done by eight people who were laid off last week in a move to trim $600,000, or 2 percent, from the $29.5 million annual budget.
Tap the rainy day fund?
The weakening economy is producing worse and worse tax revenue forecasts for Indiana. As a result, Democrats
are calling for Gov. Mitch Daniels, a Republican, to open the stateâ??s $1.3 billion rainy day fund.
Tough times like these are what…
Papa’s college funds hit the skids
When I read the year-end statements from the 529 College Saving Plans I had established for the benefit of my grandchildren, I felt lower than a snake’s belly.
Corporate shareholders should demand more
Free marketers cringe at the thought of government interference, but the fact is that the taxpayer is now a significant shareholder in a number of financial businesses.
Mall giant says it’s in good shape, but takes steps to conserve cash
Despite assurances of strength, Simon Property Group Inc. has decided to pay 90 percent of its dividend in stock, a move that allows the company to hold onto $925 million in cash this year but could alienate shareholders drawn by the dividend.
Katterjohn’s optimism is uplifting
I think it is so important to remind people that the one thing we have control of is our attitude. I think you conveyed that
beautifully.
Unemployment data paints worrisome picture
The most recent data on the U.S. economy continues to be worrying, but a little context remains helpful.
Obama and executive salary caps
All things considered, there shouldnâ??t be a fuss about President Obamaâ??s plan to cap salaries of executives
in companies that receive federal bailouts.
Thatâ??s the take of Dan Dalton, an Indiana University specialist on corporate governance.
Dalton points out that…
Foreign-born entrepreneurs
Midwestern cities donâ??t attract a lot of immigrants, and Indianapolis is no exception.
The weather is uncomfortable and the region has a reputation for close-mindedness â?? not the kind of place
where newcomers want to sink roots.
A recent blog…
In hard times, is big-time sports willing to budge?
Even as the economy spirals downward, no one gives a thought to bringing some kind of fiscal sanity to the overall enterprise of sports.
State needs more unemployment analysis, stats
How are the economic development professionals in each Indiana county supposed to do their jobs when they don’t get quality statistics like those provided to professional sports managers and coaches?
Airport hotel in limbo
The recession, coupled with personnel shifts, have grounded the more than $50-million hotel project adjacent to the new terminal.
Latest jobs numbers may change state’s priorities
Jobs themselves may become “Job One” for our elected officials.
Stakes huge for Indiana as feds weigh stimulus
A new report by one of the nation’s leading economists finds that getting the stimulus package through Congress—
and fast—
has huge implications for Hoosiers.
Grant-makers, stung by market crash, favor safety-net causes, discourage new applicants
Some major foundations in central Indiana are narrowing grantmaking criteria so they can funnel their reduced asset streams
toward pressing needs brought on by the recession.
Lyon takes Finish Line helm as shoppers cut spending
Glenn S. Lyon, the new head at The Finish Line Inc., has plenty to tackle. Traffic is down at Finish Line stores, sales have slowed and competitors are slashing prices.
Buy-and-hold a bad tactic in these market conditions
If world leaders don’t quickly demonstrate the courage to stop printing money, the long term is shot. And since that courage
isn’t likely to surface anytime soon, investors should rethink traditional strategies now.
Don’t get buried by negative news
When our economy is
challenged, American resilience and resourcefulness have heretofore always saved the day. I have good reason to believe those
traits will save the day once again.
Proposed fiscal stimulus package has high costs
Expeditious and clever spending on roads, infrastructure and, in the half-dozen states where it is possible, a tax cut will determine the success of the stimulus plan.