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CHRIS KATTERJOHN Commentary: Public notice still critical in Indiana

I hate to get all philosophical on you, but a free press is critical to democracy. In the free world, newspapers have always played the dual roles of information provider and watchdog. Readers expect to learn what’s happening by reading newspapers. When it comes to publicly funded government entities, the role of watchdog is particularly critical. Newspapers throw the light of day on the workings of government so citizens can see how their money is spent and keep their elected…

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State revamps health coverage: New health savings accounts and high-deductible policies could help stem rising costs

Indiana state government will unveil a fresh approach to insurance coverage next year when it offers health savings accounts to its 33,000 employees and their dependents. The state wants employees to take more control of their health care and consequently harness spiraling costs, Personnel Director Debra Minott said. The high-deductible AnthemBy-Design plan it chose to accomplish that will be offered as one of five coverage options during an open enrollment that starts Oct. 31. “We really see a looming crisis…

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INVESTING: Good riddance, Greenspan, and your heavy-handed ways

A centrally planned economy. A few guys in a back room making unaccountable decisions. Men obtaining supreme power through unelected means. Americans fought wars to avoid living under the Soviet-style government I just described above. The problem is I am not describing the Soviet Union. I am talking about or own country! The Federal Reserve Bank of America is run like a dictatorship. It is insane that we give so much lip service to the power of democracy and the…

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Health construction beat marches on in Hendricks: Population growth spurs health care development

A growing population is breeding more multimillion-dollar health care projects in Hendricks County. Danville-based Hendricks Regional Health will begin work next month on a $16 million medical office building more than a year after completing a $24.5 million hospital expansion, and St. Francis Hospital & Health Centers is staking its claim with a $4.7 million medical office under construction in Plainfield. Meanwhile, Clarian Health Partners plans to bulk up parts of the 76-bed hospital it opened just last year in…

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Industry: Let’s build minority business: Construction consortium working on diversity

A consortium of some of central Indiana’s biggest players in construction has set its sights on improving minority involvement in the $8-billion-a-year industry. The Indiana Construction Roundtable, an organization made up of some of the biggest users and providers of construction services, on Oct. 12 approved a diversity outreach initiative. The ambitious plan aims to increase minority participation in the construction industry by rewarding contractors who support education and training, employ minorities and women, and mentor small minority- and women-owned…

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RETURN ON TECHNOLOGY: Trends can be more illuminating than fresh data

Sanford Kahn, a business trends analyst, (www.businessspeaker.biz/ ) once wrote that it is a myth that information is power, and I agree with him. If it were true, the public library would rule the world. Google would run a galactic empire. Instead, in the halls of the real power structure in the world’s most powerful nation, our government suffered one of history’s biggest forehead-slappers after its intelligence organization confused rhetoric with reality over weapons of mass destruction. In this case,…

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VIEWPOINT: Sorting out Social Security stats

There is an unfortunate misunderstanding going around about the Social Security trust fund. These are facts: First, the U.S. bonds that constitute its assets pay the same rate of interest as regular U.S. bonds. Second, the bonds held by Social Securi ty are not marketable, which means they can be cashed any time at par or face value. Other U.S. bonds are subject to the market if cashed before maturity. Third, the surplus is not there by accident; it was…

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Out-of-state ad agency nabs lottery: Louisville’s Bandy Carroll chosen over native firms

The giggle will soon be gone. Hoosier Lottery officials are eliminating the tag line giggle in their ads. And, more significantly, they’re replacing the local firm that created those ads with a Louisville-based advertising agency. That decision has wiped the smile off many faces in the local advertising community. One local industry executive said agencies here are stunned given the state’s pledge to “buy Indiana.” The Louisville firm, Bandy Carroll Hellige, beat out Bloomington-based Hirons & Company Communications Inc. and…

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Public broadcasters seek big bucks to feed Big Bird: WFYI capital campaign has ambitious $15.3M goal

Public broadcasters usually aren’t shy about asking for money. Indeed, their telethon-style fund-raising drives likely are as recognizable to audiences as Big Bird and Garrison Keillor. But when it comes to big money, they haven’t had much practice. Until now. For more than a year, Indianapolis broadcaster WFYI quietly has been lining up support for its largest-ever capital campaign-a $15.3 million effort to upgrade equipment, expand its Meridian Street building, and more than double the not-for-profit’s endowment. Station leaders were…

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Ahnafield helps disabled achieve self-dependence: 34-year-old firm makes high-tech mobility products

Driving a road sweeper when he was 18 years old, Ryan Kruse never saw the train that slammed into his vehicle and turned him into a quadriplegic. College and other plans for the future seemed out of reach for Kruse, who was paralyzed from his chest down that day 13 years ago. But recently, Kruse, who is working on a second bachelor’s degree at IUPUI, traveled to Georgia to celebrate his grandmother’s 80th birthday. He drove. With only limited use…

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EYE ON THE PIE: Time to realign taxes with services

Many folks want to get rid of property taxes. They think property taxes are o l d – fa s h i o n e d , although most who think so have not thought through the issue. These property-tax abolitionists want to use income or sales taxes, which they contend are more “fair,” whatever that means. They forget that one aspect of “fairness” is to relate taxes to services received. This is called beneficiary taxation. An example of beneficiary…

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Indiana taps Meridian to handle surplus land: Second call put out for firms to oversee leasing

The state of Indiana has taken a first step in overhauling how it manages its real estate by selecting a local firm to sell surplus property. Meridian Asset Development was notified Oct. 12 of the state’s intent to award it a contract to manage the sale of potentially hundreds of acres of land the state owns. A contract could be in place within two weeks, pending negotiations over the exact terms, said Kevin Ober, deputy commissioner for the Indiana Department…

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Hot mod madness: Customizer Kenny Brown enjoys performance-car revival

In a dark corner of the Kenny Brown Performance garage is the 2005 Mustang Ford Motor Co. should have built. Supercharger. Disc brakes as big as the tires of some cars. All hung on a chassis that’s Prince Charles stiff. And shrouding its meaty tires are a protruding rear fender and a filled-in quarter window raked all the way back to the taillights, akin to the 1967 Mustang fastback. “It’s kind of like the marriage of heritage and technology,” said…

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TAWN PARENT Commentary: New school districts worth the pain

Change seems to be the one constant at Indianapolis Public Schools. Superintendent Eugene White unveiled a major redistricting plan Oct. 12 that would send 14 percent of students to new schools next year. IPS has been redrawing its districts every few years since the ’70s. In recent years, children in my Irvington neighborhood have been assigned at various times to Thomas Carr Howe, Arlington and Broad Ripple high schools. Now, it’ll be back to Howe again. Some families, like mine,…

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BEHIND THE NEWS: Ex-exec cuts guilty plea; Brightpoint says it’s not a target

One of two former Brightpoint Inc. employees charged this month in an accounting scandal has agreed to plead guilty in return for receiving a prison sentence of no more than 18 months. John Delaney, 40, former chief accounting officer of the wireless phone wholesaler, could end up spending far less time behind bars. In his nine-page plea agreement filed in federal court in Indianapolis, the U.S. Attorney’s Office says it will argue for a lesser sentence. Delaney on Oct. 13…

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Merger or not, pension remains problem:

Few want to talk about the prospect. But if the police merger should fail, it won’t mean a return to business as usual. Local government can’t sustain the status quo much longer. There’s a reason Mayor Bart Peterson, a Democrat, is exploring cop consolidation now. Because of the rising cost of police and fire pensions, every year it becomes more difficult to keep public safety budgets in the black. This year, the city will pay $21.6 million toward the pension…

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Cop merger might have just enough: Backers make concessions in effort to build majority

It’ll be close. But Mayor Bart Peterson may have just enough support to make his proposed police merger a reality. The City-County Council is expected to vote on the issue Oct. 31. Advocates are hurriedly negotiating with key players, hoping lastminute concessions will pull a handful of councilors off the fence. “I don’t think it’s going to be a wide margin either way,” said Peterson, a Democrat. “But I do believe it will pass. Because at the end of the…

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EYE ON THE PIE: Let’s put retail where we want it

Before we get into anything this week, let me clear up an error from last week. I wrote that Techpoint received $2.3 million in government incentives for locating at Indianapolis International Airport. The company was Transpoint. My apologies to all who have cause to be offended. Now let’s get on to the problem of the chicken and the egg. Many folks wonder which came first. When we have trouble identifying causality, we cite the chickenand-egg problem. Is the clothing store…

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BULLS & BEARS: Past pandemics didn’t deflate stock market

The fear du jour is the Avian Flu and the potential for the mother of all global pandemics. In November 2004, the World Health Organization said an influenza pandemic was “inevitable,” and in May of this year scientists predicted it could strike as much as 20 percent of the world’s population! Recently, news media have shown pictures from Asia of crates of dead birds and reported new predictions, ranging from 5 million to 150 million human deaths. Hundreds of millions…

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VOICES FROM THE INDUSTRY: Employers should prepare for Medicare D compliance

With less than three months until Medicare D takes effect, there is plenty for an employer to do to get ready. If you have done nothing yet, follow these steps. If you are well on your way to compliance, use these to check your progress. Step 1: Learn it Medicare D is the new prescription drug benefit available to Medicare-eligible individuals, effective Jan. 1, 2006. With few exceptions, your retirees and active employees who are Medicare-eligible may enroll in Medicare…

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