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EYE ON THE PIE: Why is home ownership a big deal?

Housing remains one of our most domestic industries. The labor used to build the houses themselves is still local. Products we put into our homes (furnaces, plumbing, appliances, etc.) are still primarily made in the United States from domestic parts. All that is changing. More and more work is being done off-site and more of the components installed have foreign origins. Now, without our thinking about it, the financing of our homes has become an article of international trade. Once…

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Building opportunities: CREW Careers offers girls a glimpse into the diverse world of commercial real estate

While one college basketball team just completed its journey to a national championship, CREW Network’s women hope they’re on a similar winning path-a path to scoring parity in the male-dominated field of commercial real estate. The Commercial Real Estate Women Network is a national member organization dedicated to the advancement of women in commercial real estate. It has 66 chapters, including one in Indianapolis. In 2005, CREW Network completed the industry’s first comprehensive study of the status of women in…

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St. Francis thinking green in $42 million renovation: Mooresville hospital features ‘healing’ rooftop gardens

Guests attending the April 19 open house at the newly remodeled St. Francis Hospital-Mooresville will get a sneak peak at the facility’s $42 million makeover. The project increases the size of the campus from 258,000 square feet to almost 400,000 and adds everything from a new, eight-bed intensive care unit to two additional adult inpatient nursing units. But perhaps the most innovative touch-at least from an aesthetic point of view-can be found on the roof. Like a handful of other…

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Area air quality given mixed reviews

Helped by a combination of plant closures and better emission controls, industrial air pollution in the nine-county region
has fallen 14 percent since the economic boom of the late 1990s, a federal database shows. But even with the reductions, the
metro area will struggle to comply with reduced ground-level ozone limits announced by the U.S. Environmental Protection Agency
March 12.

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Taking a 2-pronged approach: Indiana State Museum pushes for bigger internal and traveling shows

The Indiana State Museum is putting more emphasis on developing its own attractions, while still landing some high-profile visiting exhibits-all in an effort to keep visitors coming through the doors. This balancing act between highlighting its internal collection and hosting popular traveling exhibits can be seen through two current shows. One, “Footprints: Balancing Nature’s Diversity,” is already on display and features hundreds of specimens of taxidermied Indiana wildlife and fossils from the museum’s collection. The other, “Radical Lace & Subversive…

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NASCAR ponders following IRL’s lead with ethanol: Green marketing a major motivator for race series

The Indy Racing League was the first North American race series to use an alternative fuel to power its cars. Now it appears NASCAR might follow suit-news that has the attention of race fans and sponsors alike. “We’re looking at eight or nine different alternative fuels,” said Andrew Giangola, NASCAR director of business communication. “Ethanol is one of the alternatives we’re looking at.” NASCAR has put no timetable on adopting an alternative fuel. Because the league switched from leaded, petroleum-based…

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ECONOMIC ANALYSIS: Talk of corporate greed falls flat with this economist

It is an election year again, and talk of corporate greed, that stalwart in the lexicon of electioneering, once again fills the airwaves. An economics columnist usually wouldn’t write about matters of sin. But attacks on greed always seem to have a policy message attached, and that is a big problem for all of us. Formally, corporations cannot be greedy. Corporations, not being human, cannot feel the weight of sin and so do not exhibit greed any more than they…

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Construction in the Fast Lane: Flush with Major Moves funding, INDOT streamlines its approach

Northern Indiana motorists and Democratic opponents of Gov. Mitch Daniels were screaming bloody murder. Daniels in 2006 convinced the Legislature to lease the vital highway and plum of political patronage-the Indiana Toll Road-to an Australian-Spanish consortium for nearly $4 billion. Some managers at the Indiana Department of Transportation also were screaming-with panic. Despite winning the departmental lottery of all time-an annual budget for new roads would now quadruple from $213 million a year to $874 million by 2015-Daniels wanted 200…

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New utility consumer counselor is no stranger: Former Ameritech lawyer may have to reach out and touch consumer watchdogs

Consumer groups didn’t get a ponytailed zealot to head the Office of Utility Consumer Counselor. No surprise there. Gov. Mitch Daniels has been fond of appointing ex-industry insiders to lead agencies charged with monitoring those same industries. What the OUCC gets in former Ameritech attorney David Stippler is, at the very least, a man who already knows the utility industry in Indiana. The Evansville native has argued before its regulatory agencies for many years. “They don’t have to forge a…

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Legislators tackle range of business-related measures:

Property tax reform took center stage during the just-completed session of the Indiana General Assembly. But lawmakers also grappled with a host of other measures with business implications. A roundup appears below. ILLEGAL IMMIGRATION ENFORCEMENT One of the session’s most divisive issues-whether to penalize companies that hire illegal immigrants-died during the waning hours. Under the legislation, introduced by Sen. Mike Delph, R-Carmel, companies could have had their business licenses suspended, or revoked after three instances. The Senate and House passed…

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A&E: Seeing ‘Tosca’ from the terrace

I try to avoid leading this column with commentary on productions that have come and gone. While I steadfastly believe it’s valuable to keep such productions in the mix, I appreciate that many of you aren’t as interested in what happened as you are in what’s still happening. Still, I think there’s use in talking about some weekend-onlys and onenighters. If I share, for instance, that Indianapolis Opera’s production of “Tosca” (March 14, 16) offered a compelling, entertaining, and often…

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VOICES FROM THE INDUSTRY: New tax break makes Indiana more attractive than ever

Rapid growth in the high-tech fields of biotechnology and life science has made Indiana a shining example of how promoting emerging industries can transform an agricultural and manufacturingbased economy into a national leader in innovation. It has done so by creating an environment in which knowledge-based businesses can thrive. Building on this success, Indiana continues to position itself as a leader in emerging technologies. A new tax law that took effect this year will present another major step toward this…

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INVESTING: Dear Fed boss Bernanke: Read this and take heed

I know you have a good heart. Evidence is beginning to mount, however, that we are sliding down a path we cannot easily climb back up. In the vernacular of my old hood, Ben you are killing us! The world is faced with two problems, massively slowing growth and accelerating inflation. You picked the slowing growth side to attack head on. You and your back-room cronies slashed interest rates from 5.25 percent in August to 3 percent now, with more…

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VIEWPOINT: Inspiring employees: It’s all in their heads

“How can we have greater influence on our employees? We hire good people, we spend lots of money to train them, we tell them specifically what we want, and we motivate them to comply. In spite of all of these efforts, too often we still don’t get the desired response.” As a psychologist, I’m often asked this type of question, and I know the answer is complicated. Sometimes the employee has personal, i.e. psychological, reasons for not performing. But as…

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Knauf plans state’s first ‘gold-certified’ building

in an uncommon move among Indiana manufacturers typically more preoccupied with foreign competition and deteriorating margins,
Knauf Insulation is rebuilding its research and development facility, destroyed in a fire last year, to make it 30 percent
more energy-efficient than a conventional office building of its size.

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Finish Line escapes one crisis, but challenges abound: Indianapolis-based athletic-wear retailer now shifts its attention to reinvigorating sales after prolonged slump

Executives at locally based The Finish Line Inc. felt a weight lifted after escaping a potentially ruinous attempt to acquire Genesco Inc., a company more than twice its size. But there’s no time for rest: They now must focus on a core business that was floundering even before Finish Line bid $1.5 billion in June 2007 for the Tennessee-based parent company of mall chains Hat World, Lids and Journeys. Finish Line this month reported its eighth consecutive quarter with declining…

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Bill to help prosecution of environmental crimes dies: State continues to use fines as feds seek jail time

A bill that would have removed hurdles to state and local prosecution of environmental crimes has perished in committee, leaving the federal government virtually alone as the sole seeker of jail time for the worst offenders. With the demise of Senate Bill 199, the Indiana Department of Environmental Management will continue to resolve most pollution cases through civil penalties rather than bringing criminal charges. Last year, IDEM assessed $5.2 million in civil penalties, down from $7.75 million in 2006 but…

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Airport may pay $8.8 million for hotel: Deal pending; Westin won’t open until at least 2009

The Indianapolis Airport Authority board this month approved spending up to $8.8 million to help fund construction of a hotel connected to the midfield terminal set to debut Oct. 28. But delays in finalizing a deal with developer Mansur Real Estate Services means the $50-million-plus Westin will not be ready for guests until August 2009 at the earliest. The airport board picked Indianapolis-based Mansur to build the hotel nearly a year ago. “We’re still talking about what it’s going to…

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Against odds, AlGalCo pursues ‘Holy Grail’ of power cells

A small West Lafayette technology startup has quietly unveiled a product that might, just might, change the world. At the
TechAdvantage Conference and Expo in Anaheim, Calif., on Feb. 20, Kurt Koehler, CEO, co-founder (and, for the moment, sole
employee) of AlGalCo LLC, showed off a pre-production hydrogen-powered emergency generator.

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