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INVESTING: Long slide of U.S. dollar has many repercussions

Few economic topics get more complicated than those about the U.S. dollar. The interrelated causes, effects and ramifications of changes in the value of the U.S dollar can make anyone’s head swim. Because the dollar has been the “reserve currency” for the world-the currency held in store by foreign central banks and used to settle economic trade in things like oil-the prolonged slide in the dollar’s value is of concern to many around the world. For example, the greenback has…

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Ballard book favors positive, forceful leadership style

Students complained about Greg Ballard when he taught college business courses. The man they called “the Colonel” had strict
rules and high expectations. Frustrated, undergraduates sometimes tried to go over his head. His boss, Indiana Business College
administrator Marc Konesco, encountered them in his office. But students never got far. Konesco refused to overrule the Colonel’s
decisions. “I always said, ‘That’s his classroom,'” recalled Konesco, the college’s vice president of marketing and enrollment.
“His style was one where the students…

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Hancock developer’s plan matures: Copper Leaf would be region’s largest, most comprehensive senior housing

What started as Jim Brothers’ search for an assisted-living facility for his mother could end up as the region’s most comprehensive retirement “resort.” The president of The Bradford Group, an Indianapolis residential developer, has been working several months to get the zoning he needs for Copper Leaf. The 177-acre community on the east side of McCordsville would be home to 400 to 600 residents and sport a nine-hole public golf course. About 30 acres would be set aside for restaurants,…

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STATEHOUSE DISPATCH: Tax reform to take center stage on Organization Day

In this column 10 years ago, we told you that, typically, our “short” electionyear legislative sessions are swift and relatively sweet. With the biennial budget the priority of the long, odd-year sessions, significant fiscal matters are usually untouched in the short, even-year session. Major issues that threaten to divide often are left undebated as the two major political parties avoid issues making them look bad in the eyes of voters. Only a decade ago, lawmakers prepared to enter just such…

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FUNNY BUSINESS: Pushing my luck with two good trips to the BMV

Like a lot of people-which is to say, most Indiana residents-I have long greeted going to the license bureau with the enthusiasm customarily reserved for dental surgery. The difference, of course, is that you get drugs for your root canal, but not even a double helping of nitrous oxide could make a fun afternoon out of getting new license plates. Well, hold on to your hats. I had to go to the license bureau twice last month, once for a…

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Health care top choice in career poll: Student interest in technology jobs holds steady, state survey finds

Recent results from an annual survey show health services remains the most popular career choice among Indiana high-school juniors planning to go to college. The questionnaire was administered by Learn More Indiana, an effort to promote college and career planning supported by the Indiana Commission for Higher Education, as well as a few other state agencies. Learn More Indiana has existed for about 20 years, but had been known as the Indiana College Admissions and Placement Center before the arrival…

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EYE ON THE PIE: Resurrecting important tax reforms

With new mayors and council members in many of our cities, it’s time to drag out some previous suggestions for fiscal reform. First, it’s time to reconsider propertytax abatement. But we can’t understand property taxes and their abatement if we don’t understand assessment practices. And, it is not clear what is happening these days with property assessment. For example, does a property’s assessed value change automatically when it is sold, or does it change only in line with the trend…

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Solving the tax debate

Gov. Mitch Daniels has proposed capping residential property taxes at 1 percent of a homeâ??s assessed value,
rental properties at 2 percent and businesses at 3 percent.

Now state Sen. Luke Kenley says the bipartisan commission on taxes he heads will…

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EDITORIAL: Stunning victory a call to change: But Ballard shouldn’t forget past

Stunning victory a call to change But Ballard shouldn’t forget past The shock has faded and reality is starting to set in. Indianapolis really will have a new mayor in 2008. Republican Greg Ballard’s victory over two-time incumbent Mayor Bart Peterson was more than an election stunner of historic proportions-it was a rare case of voters turning over a city to someone they knew little about. Ballard, under-funded and under-supported by his own party, pulled off his epic upset for…

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Commentary: A bibliophile’s view of Indianapolis

A public library preserves the record of humanity’s intellectual, scientific and artistic achievements, as well as its failures. Those records and the people who facilitate the community’s access to them support democracy, encourage economic development, sustain lifelong learning, and foster an information- and technology-literate community. A community’s investment in its public library system symbolizes the importance of the civic role of public libraries in ensuring an informed society. In our community, the Indianapolis-Marion County Public Library Foundation raised more than…

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City looks to business for efficiency advice: Using Six Sigma, Fort Wayne saved $30 million

Seeking to increase its efficiency, Marion County government is enlisting a group of volunteer business experts. Their recommendations could lead to lower taxes and better service-just the sort of initiative incoming Mayor Greg Ballard says he wants to embrace. The new High Performance Government Team was approved last month by the City-County Council. Created on the recommendation of the Greater Indianapolis Chamber of Commerce, it is modeled on a similar effort in Fort Wayne, where Mayor Graham Richard, a Democrat,…

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THERE OUGHT TO BE A LAW: It’s standing-room only at the seat of justice

Based on a couple of recent Indiana cases, it seems someone has parked a “No standing” zone around the Seventh Circuit Court of Appeals. The first case involved Indiana Right to Life and its judicial candidate questionnaires. The group claimed two provisions of the Indiana Code of Judicial Conduct violated the First Amendment by preventing judicial candidates from answering questions about topics such as abortion and other social issues. Although a federal district court judge agreed with the group’s arguments,…

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NOTIONS: Profiles in courage and political consequences

After Tuesday night’s vote tallies, after the candidates’ acceptance and concession speeches, after Wednesday’s Indianapolis Star trumpeted Greg Ballard’s upset of Mayor Bart Peterson in 120-point type, I pulled from my bookshelf my copy of John F. Kennedy’s “Profiles in Courage.” There were two courageous acts on the Indianapolis mayoral stage this year. First, there was courage by Ballard. When all the prominent Republican politicians chose not to challenge Democrat Peterson; when most of the usualsuspect Republican donors gave to…

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INVESTING: Exxon Mobil executive wields incredible power

Power is typically understood by those who wield it and those who operate under it. If I took a survey that asked who the most powerful person in the world is today, there would be two or three common answers. But there is a person who is just as powerful, and perhaps more so, than the few names that immediately come to mind. I am talking about Rex Tillerson, chairman and CEO of Exxon Mobil. Up until Nov. 5 (more…

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EYE ON THE PIE: Children are central issue for ’08

The election campaign of 2008 can transform our state if the candidates focus their attention on children. We can develop a healthy economy and become a model of civility if we focus systematically on our children. Many people are convinced government spends too much. What they mean is that government spends for services that don’t benefit them or services they wish they did not need. Who wants to spend money on juvenile corrections or adult reading programs for prisoners? Who…

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How did media affect Ballard’s win?

Election Day was no high point in the annals of Indianapolis media. How could we have missed such a big
story, that Greg Ballard was about to upset incumbent Mayor Bart Peterson?

Local news organizations treated Ballard as an afterthought until…

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Will business like Ballard?

Dating at least to the â??60s, when Richard Lugar was mayor of Indianapolis, the cityâ??s comeback has been
driven by nationally renowned cooperation between government and business.

Business interests came out of the woodwork to support Lugar, and subsequent mayors William…

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A new mayor in Indianapolis

Now that Greg Ballard has pulled the big upset, how will Indianapolis be different under his administration? Is his election
good or bad for business?

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Arts leaders tout Peterson

The race between Indianapolis Mayor Bart Peterson and his Republican challenger, Greg Ballard, became interesting
in the final days, and not just because Ballard suddenly got traction in a widely publicized poll.

In the past few days, two prominent arts leaders…

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EYE ON THE PIE: Many are fans of ‘the man’s’ plan

This is why I like Mitch Daniels. Speaking about his property-tax program, he said, “When Indiana acts this time, and act we must, our steps must be fair, far-reaching and final,” Look at that alliteration … “fair, far-reaching and final.” Who else in public life gives us sentences like that? Look at his idealism: “fair, far-reaching and final.” Our state is known for its persistent lack of fairness, its shortsighted special-interest legislation, and its neverending tinkering. Mitch thinks he can…

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