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Rose-Hulman looks ahead: Search for new president could take a year

But trustees currently have a higher priority: Let the dust settle. “It’s only been a couple of days,” said Rose-Hulman Chairman Robert Bright. “Nothing’s been established for sure yet.” It took the Terre Haute engineering school 10 months to find and narrow the field of 60 candidates that produced Midgley-nearly the length of his presidential stint. Most expect the search for his successor to last at least as long. In the meantime, Rose-Hulman has a more pressing task. It must…

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Med school takes hit: IU trims $5.2 million from budget, cuts 36 positions

The school tabled some construction plans and may have to curtail recruiting of “star” faculty in areas such as diabetes research, said Dr. Craig Brater, the school’s dean. On top of that, the school cut 36 positions and halted spending for several programs after it was hit by decreases in state funding and grants, and a rise in expenses. Brater said the medical school has been lucky “in large part” to receive the funding it needed over the years. He…

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Ready to unify?: Danica’s impact puts IRL in driver’s seat

To nudge the idea along, executives of the Japanese automaker are becoming personally involved, marking the first time an IRL sponsor and major manufacturer has pushed this hard for unification talks. “It’s no small deal when a partner like Honda gets involved,” said Bob Basche, chairman of Millsport, a Stamford, Conn.-based sports and event marketing agency. “Not only do they supply engines [to the IRL], but Honda pumps in millions of dollars annually in sponsorship and advertising for the series.”…

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Jester Promotions LLC: Keeping promotions on the cutting edge Advertising specialty firm also always on the lookout for inexpensive merchandise

Advertising specialty firm also always on the lookout for inexpensive merchandise Back in days of old, jesters were the eyes and ears of the power brokers. “They knew everything the king knew,” said Rick Atkins, co-founder of Jester Promotions LLC, a specialty advertising company. That’s the know-how Atkins said he brings to the table: up-to-the-minute knowledge about the latest trends in promotional activities and where his clients can get the best price for their items. He toyed with naming the…

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BULLS & BEARS: What’s seen as wisdom is financial pornography

In 1995, Jane Bryant Quinn wrote an article in Newsweek titled “The Big Tease” and used the term “financial pornography” to describe magazine headlines we have all seen. Headlines like: “Ten Mutual Funds to Buy Now” “Surefire Oil Stocks” “Five Stocks to Own for Your LIFE” “How to Profit from $100 Oil” One of the definitions of pornography in Webster’s is “the depiction of acts in a sensational manner so as to arouse a quick intense emotional reaction.” Replace the…

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Shrinkage a growing problem: Manufacturers seek ways to stem product losses

The U.S. manufacturing industry has begun rebounding from its economic swoon, but some industry experts think more manufacturers must become more efficient and eliminate waste if they are to compete in the current global climate. While the Manufacturers Alliance, an Arlington, Va.-based business and public policy research group, projected manufacturing growth of 3.4 percent this year and 3 percent in 2006, big challenges remain. One growing problem is the so-called shrinkage factor, defined in manufacturing as the percentage by which…

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INVESTING: With oil prices sky high, Hoosier ethanol knows no limit

Oil prices are acting stubborn by staying above $50 a barrel. Our economy is adjusting to these high gas prices, but every consumer in America would like to see some kind of solution. In August, Congress is expected to vote on an energy bill that has some quences for us. The mainstream media will spend most of the time talking about the drilling rights in Alaska, but there is a shorter-term and higher-impact portion of the bill that can offer…

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GERALD BEPKO: Deep Throat: a hero or a villain?

Forty years ago this month, I reported for duty as a special agent of the FBI. In the course of new agents’ training, we met a distinguishedlooking middle-age agent named W. Mark Felt, who headed the Training Division. In his meetings with new agents, Felt exuded the “fidelity, bravery and integrity” that are the motto of the FBI. He looked like the actors who were at that time filming some scenes nearby for the first episodes of a popular 1960s…

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NOTIONS: The Wiccans and the Speaker: Two cases, one topic

A few months ago, I had lunch with Fran Quigley, executive director of the Indiana Civil Liberties Union. We’d never met, but we’d exchanged emails about one another’s newspaper columns. As we ate, we did the getting-to-knowyou dance. We talked about our wives and kids, faith and friends, grief and recovery. After that, work wormed its way into the conversation. We talked about our mutual interest in writing, law, government, politics and our often-frustrating quests to save the planet from…

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VOICES FROM THE INDUSTRY: Indiana must not let TDL opportunities elude its grasp

Unlike some other Hoosier economic initiatives, much of the required infrastructure to rapidly advance TDL into significant growth is already in place. More Interstate highways cross the state An economic development analyst determining the physical advantages of Indiana might initially be challenged. Indiana has no oceans. No mountains. No temperate climate. But the Hoosier state does possess one singular unmatched physical plus: It is the state geographically closest to the bulk of most U.S. major markets. For more than a…

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Y&L shoots for Lands’ End: Underdog Young & Laramore fights national advertising behemoths for $10 million account

The seemingly undersized, undermatched independent advertising agency Young & Laramore has found itself in the national spotlight competing for a multimillion-dollar account with some of the industry’s largest national players. The Indianapolis-based firm best known for its award-winning ad campaigns for Steak n Shake, Goodwill Industries and most recently Stanley Steemer, is one of four finalists vying for the lucrative Lands’ End broadcast creative contract. Young & Laramore’s competitors for the Lands’ End account are Omnicom Group’s BBDO and Downtown…

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Feed store offers unique product mix: Retailer remains a Wanamaker institution, despite having numerous competitors

Wanamaker Feed and Seed Feed store offers unique product mix Retailer remains a Wanamaker institution, despite having numerous competitors Pig noses, pig ears, cow hooves, wind chimes, jackknives, horse feed, bottled water, Indiana-dipped candles, carousel bird feeders-the inventory at Wanamaker Feed and Seed runs an interesting gamut. And owner Jim Trimble knows what to add, because he takes the time to know every customer and find out exactly what is wanted. (The first three items are for dogs to chew…

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Purdue student plays key role in “RFID for Dummies”: Book helps businesses implement logistics technology

Patrick Sweeney was the book’s author. Most other books on RFID consider only the highly technical aspects of the technology, Sweeney said. “RFID for Dummies” is aimed at businesspeople charged with actually implementing the technology, or for those who determine its ROI. “This is really the first book of its kind that walks people through the logical process to deploy an RIFD system,” Sweeney said. The cost of implementing RFID is based For an up-and-coming new technology like radio frequency…

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State targets salvage yards: 44 violations cited, but no fines so far

Indiana auto salvage yards are finding themselves in the crusher-in the clutch of regulatory jaws bent on reducing salvage-yard pollutants. In barely two years, the Indiana Department of Environmental Management has issued violation notices to 44 salvage yards, according to state records. While historical numbers weren’t immediately available, “before, we were sporadic and really didn’t have a widespread effort,” said Amy Hartsock, an IDEM spokeswoman. While on the prowl lately, the agency’s jaws have been padded with rich Corinthian leather:…

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JOHN KETZENBERGER Commentary: Time is ripe to heal racing rift

Roger Penske strode alone through Gasoline Alley 90 minutes before this year’s Indy 500. With 13 wins at the Indianapolis Motor Speedway, The Captain certainly knows how to get his drivers around the famed Brickyard. In the next line of garages, a crowd of race fans and media gathered before doors numbered 12, 13, 14 and 15 where Rahal Letterman was encamped. Rookie phenom Danica Patrick arrived on a golf cart and disappeared quickly into the relative calm before the…

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SPORTS: No checkered flag for IRL, but it’s leading the race

The Indianapolis 500 is back, so we are told and at least we should hope. While television ratings didn’t blow through the roof, they at least climbed out of the basement by posting a 40-percent increase and putting in the rear-view mirrors that evil NASCAR event later in the day. Officials proclaimed with pride that the Indianapolis Motor Speedway was “almost a sellout” for the big race, which, not that many years ago, would have been an indictment, not a…

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Up to the challenge: Stadium project leader has been here before

John Klipsch didn’t necessarily set out to take control of one of the largest public-works projects in Indianapolis history, but he prepared for it nonetheless. “My degree is in counseling,” he said with a wry smile. “This is how my career has evolved over the years.” So here he is, two months before work is scheduled to begin on a $900 million stadium construction and convention center expansion project, relying on his professional experience and personal dedication to get the…

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EYE ON THE PIE: How fast are housing prices rising?

Dear Jane Bryant Quinn: I apologize for writing so long after your March 28 column was published in Newsweek. You may have already addressed the issues that concern me. I don’t get to read that magazine until it has been around our house for a while. However, several other tardy readers have asked why housing prices in Indianapolis are falling. They all have the same source: your column. You wrote: “Prices dropped 4.2 percent in Charleston, W.Va., where the median…

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A business-friendly approach: New insurance boss hopes to speed approval process, attract firms to state

Jim Atterholt may not have been the governor’s top choice to lead the Indiana Department of Insurance. But the former state representative who has dedicated his career to public service is no consolation pick, either. Those who know the 43-year-old Atterholt say his calm demeanor and his sharp people skills should serve him well in his new role as an administrator. He took the helm as commissioner Feb. 22, about a month after Harold Calloway declined the appointment. Atterholt since…

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ECONOMIC ANALYSIS: Expect more rate hikes by the Federal Reserve

If the Federal Reserve’s steady diet of interest rate increases is giving you or your business indigestion, I’ve got a suggestion for you-get used to it. The inflation winds in the U.S. economy are whipping up like they haven’t in almost a decade, and it’s up to our central bank to do something about it. We learned a few years ago that rapid advances in technology and globalization didn’t make the national economy recession-proof, as some foolishly boasted. It looks…

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