Billions lost in state pension-fund fallout
Indiana’s public pensions lost $5 billion in the 12 months ending Sept. 30.
Government & Economic Development
Articles
Kenley to lead GOP budget negotiations
In the wake of the 2008 election, State Sen. Luke Kenley, R-Noblesville, has been promoted. to chairman of the powerful Senate
Appropriations Committee, which oversees the state budget.
Automotive Finance Corp. writes off $162 million, reflecting slow auto sales
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.
Companies face pension-plan shortfalls
Private employers that still offer traditional pension plans are getting a big shock as they assess how much more it will
cost to shoulder retirement obligations.
New president is a sign of hope
The election for me was like looking up for a change instead of having a spiral-down feeling, which was good.
Fishers tables $100M development
An Ohio developer and the town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million
mixed-use project featuring 250,000 square feet of retail space and 150,000 square feet of office.
Government shouldn’t bail out free market system problems
Since 1913, there has been a growing reluctance from our political leaders to allow financial setbacks in our nation to occur
in banking, and that’s been a huge mistake.
Let’s limit campaigns to public funds
The only way more ideas, more candidates, more party platforms can gain
any traction, any consideration by the public at large, would be for all political parties to receive, and run only on public
funds.
Could Mitch Daniels run for prez in 2012?
Could Gov. Mitch Daniels run for president in 2012?
Changes in public policy don’t get at root of poverty
The fixes for poverty, and low-wage workers, are hard, deliberate and done family by family. This is why the cost of the welfare
program reforms implemented in 1996 didn’t plummet with lower enrollment.
Airport terminal dedicated to World War I flying ace Harvey Weir Cook
Descendants of World War I flying ace Harvey Weir Cook celebrated the Veterans Day dedication of a new passenger terminal
bearing his name, a belated consolation for the removal of his name from Indianapolis International Airport that he helped develop more than 60 years
ago.
Obama win buoys backers of pro-union measure
Proposed national legislation that simplifies business unionization is more likely to be adopted during the Obama administration,
experts agree.
Emmis struggling to stay in good stead with lenders
Emmis Communications Corp. struggles to contain expenses and minimize debts due to radio advertising shortfalls.
Speedway on track to develop tourism year-round
As the 100th anniversary of the Indianapolis Motor Speedway approaches,
the town of Speedway, at long last, is making an aggressive play to turn the world-famous oval into an economic engine that
runs year-round.
Budget cuts threaten local economic data analysis
Budget cuts could eliminate programs that gather and analyze local and state economic data. This would hurt businesses and
economic development officials, since they would not have the data that helps them see how their market differs from the state
and the nation.
Here are tips for small biz survival during recession
For small businesses to survive, they must be prepared to withstand economic difficulties for some time…
Fed’s TARP changes adding to anxieties
Experts with the Troubled Asset Relief Program, the government’s financial bailout program, are struggling to figure out how
best to relieve America’s financial mess.
ICVA embarking on new direction with new CEO Welsh
Don Welsh is quickly making a name for himself as a change agent. Though few knew what to think when Welsh announced he was
leaving Seattle to become Indianapolis Convention & Visitors Association CEO, he’s shown he didn’t come here to simply
wind
down his career.
Builders challenge park fee in Zionsville
Zionsville Town Council members have until Nov. 17 to decide whether to appeal a judge’s decision last month that invalidated
the town’s park-impact fee.
Hospitality industry needs state support
At this difficult time in the country’s economic life, state leaders should invest in tourism promotion and development.