Stories tagged with "recession"

Our hard-won savings are earning much less by indystar

NEW YORK — The U.S. is finally becoming a nation of savers. Now if only we could get something for our money. Interest rates are sinking to near zero for the first time since... – Nov 21, 2009 at 12:00 AM in Business

Foreclosure crisis is spreading by indystar

Report: Borrowers with good credit are defaulting, too, after job losses WASHINGTON — The foreclosure crisis likely will persist well into next year as high unemployment... – Nov 20, 2009 at 12:00 AM in Business

Indiana regulators OK heating assistance by indystar

Consumer advocates said they were encouraged by state regulators’ decision Thursday to allow Indiana utilities to reinstate heating assistance programs. But the next step is... – Nov 20, 2009 at 12:00 AM in Communities

Auto sales boost retail figures' 1.4 percent rise in October by indystar

WASHINGTON — Retail sales rose more than expected in October, but the gain largely reflected a big rebound in auto sales. Sales fell at many other retail stores as consumer... – Nov 16, 2009 at 9:05 AM in Business

Budget cutbacks force 33 of Indiana's state workers from their jobs by Mary Beth

Department of Administration trimmed posts as part of order to slash its budget by 10% Indiana’s revenue crunch became personal Friday for 33 state employees who were laid... – Nov 14, 2009 at 1:12 AM in Politics & Government

Indiana state workers get layoff notices by Mary Beth

State government began laying off employees today in order to cut costs. The Department of Administration this morning began telling 33 employees that they no longer will have... – Nov 13, 2009 at 10:46 AM in Politics & Government

A gold standard on debt by indystar

One of the many television commercials exhorting viewers to buy gold says solemnly that it is an asset whose value “has never dropped to zero,” a boast that surely sets... – Nov 11, 2009 at 1:36 PM in Commentary

Government workers ponder taking unpaid leave by indystar

Indiana is offering state government employees voluntary unpaid leave, but it’s unclear how many workers might give up part of their paycheck during a recession to help the... – Nov 10, 2009 at 1:06 PM in Politics & Government

New owner for condo tower by Jeff Swiatek

Stimulus money to fund renovation for 40 rental units More than a year after it was abandoned, an unfinished condo tower will get a new owner next week with less-lofty plans for... – Nov 09, 2009 at 12:00 AM in Business

State's reserves look more tempting by indystar

It appears hard times are here to stay, at least for now. On a day when national unemployment figures topped 10 percent for the first time in 26 years, Indiana Gov. Mitch Daniels... – Nov 07, 2009 at 12:00 AM in Editorial

TV buyers are going with smaller screens to save money by Tom Spalding

Television set sellers Best Buy and hhgregg say bargain-hunters have started a trend. They’re buying smaller screens to save a few hundred bucks. In quarterly reports,... – Nov 07, 2009 at 12:00 AM in Business

Greenwood hikes fee on home construction by indystar

Greenwood — A 52 percent increase to a fee associated with new home construction is expected to boost Greenwood’s park and recreation amenities as the city expands. At... – Nov 02, 2009 at 12:00 AM in Communities

Community colleges may be victims of their success by indystar

Arthur Call commutes three hours roundtrip to Ivy Tech Community College in Peru for his anatomy class because similar courses on campuses closer to his Indianapolis home are... – Nov 02, 2009 at 12:00 AM in Communities

Pay/benefits increase is smallest since '82 by indystar

WASHINGTON — Wages and benefits rose by the smallest amount on record in the 12 months ending in September, as high unemployment limits workers’ income growth. With... – Oct 31, 2009 at 12:00 AM in Business

Cummins 3Q profit falls 58% by Tom Spalding

Engine maker Cummins today said third-quarter profits fell 58 percent, as sales couldn’t match a record-setting performance during the same period a year ago. The Columbus... – Oct 30, 2009 at 8:41 AM in Business

Celadon's income falls 78.6% by indystar

Indianapolis — Far Eastside-based commercial hauler Celadon Group says net income fell 78.6 percent in its fiscal first quarter, as cheaper pricing and the recession took its... – Oct 30, 2009 at 12:00 AM in Business

Park impact fee jumps 52% by Jason Thomas

$1,175 from each new home built would pay for future needs A 52 percent increase to a fee associated with new home construction is expected to boost Greenwood’s park and... – Oct 29, 2009 at 12:00 AM in Greenwood

Recession and flu take toll on WellPoint's bottom line by indystar

Indianapolis — The largest publicly traded health insurer, WellPoint, on Wednesday reported that profits slipped 11 percent in its third quarter. A trio of factors weighed... – Oct 29, 2009 at 12:00 AM in Health Care & Pharma

Battered Crown Hill area getting new life by Jeff Swiatek

6 blocks get millions for redevelopment Suffering from years of neglect and decay, a residential area of six blocks just west of The Children’s Museum will receive an... – Oct 28, 2009 at 12:30 AM in Business

Cupcakes are fun to make and decorate for Halloween by Jolene.Ketzenberger

It’s been almost a decade since the HBO program “Sex and the City” launched the cupcake craze by featuring New York City’s Magnolia Bakery. But consumer... – Oct 27, 2009 at 5:09 PM in Food & Drink