Note to Hoosier entrepreneurs: Fight on!
Great leaders are not born out of good times â?? they are born out of severe challenge.
Economy
Articles
Conseco’s investment loss of $96 million ‘pretty good’ by comparison
Eric Johnson, Conseco Inc.’s president over its investment unit called 40/86 Advisors, talked with IBJ about the surprises
of the investing world over the last 18 months.
Distribution holds promise for Central Indiana
A new report shows that, despite a sluggish national economy, the Indianapolis area should continue to attract industrial
businesses and distribution centers next year.
Economist puts present economy in historical perspective
The clouds of darkness will pass, fear will be removed, and the light of the season will linger in those who seek it.
Other states duplicate Indiana’s tax-amnesty program
Indiana Gov. Mitch Daniels has no plans to repeat Indiana’s tax-amnesty program that recovered about $245 million from delinquent
payers in 2005.
Nearly free money on the way?
The Federal Reserve this week is expected to drop the rate at which banks loan money to each other below
1 percent. That means interest rates on loans for just about everything, from cars to housing, eventually
would fall further.
The…
Recession forces Shelby County’s largest employer to cut workers
Knauf Insulation is cutting 11 percent of its work force in Shelbyville as the recession prolongs the housing downturn that
began two years ago.
Banks’ ‘food fight’ to restock pantries
In response to Mayor Ballard’s Citywide Food Initiative, banks in our community have combined forces to help restock food
pantries.
Kite drops about 10 percent of its staff as retail market flounders
Kite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes
with dried-up credit and a soft retail market.
Steepest job losses of recession are occurring now
Ball State University’s Indiana econometric model predicts that earnings in all of Indiana’s
major economic sectors except health care will decline in the next three months.
Utility of WARN notices
In times like these, what do you think of the Worker Adjustment and Retraining Notification Act, commonly
called the WARN Act or WARN notices?
The federal law was passed in 1988 to give employees 60 daysâ?? notice of an impending layoff,…
Interconnected economies exacerbate our challenges
Increasing specialization and interdependence worldwide results in worldwide economic difficulties.
Indiana should brace for auto fallout
The Big Three and the United Auto Workers do not appear to be serious about making the concessions and changes that are necessary
to make them a viable entity for the long haul.
Diesel dip in price not fueling trucking recovery
Hampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they’re back on the
road to recovery.
Worst fallout to come in waning days of recession
The Dec. 1 announcement by the Business Cycle Dating Committee of the National Bureau of Economic Research officially dated
the recession back to the fourth quarter of 2007.
Worst auto market in 30 years might force consolidation
New car dealers, usually among the most resilient of all small businesses in weathering economic downturns, are hanging on
for dear life this time around, portending a shakeout among Indiana’s 520 dealers.
Gall about the jobs bank
The jobs bank has come to symbolize whatever the general public thinks is wrong with the United Auto Workers
and Detroit car companies.
For many years, the UAW contract has stipulated that laid-off workers be paid nearly their entire compensation.
Now,…
The plethora of car dealers
Open a local phone book or punch in a Google search on car dealers, and itâ??s immediately apparent Detroit
companies have many, many more dealers than their foreign competitors.
Chevrolet and Ford, for instance, each have more than a dozen dealers…
Study says most U.S. pensions are poised to recover
A new national analysis of U.S. public pension funds suggests most invest prudently, even in volatile times.
Indiana bankruptcies soar
Indiana bankruptcies are rising toward levels not seen since Congress tightened filing rules three years ago, and experts
say stretched consumers and businesses probably won’t reap benefits of an improved economy for at least a year.