Indiana just raised its sales tax from 5% to 6%. Cigarette taxes raised 45 cents/pack. At the end of the fiscal year on June 30 Indiana only has $534 million in reserves. Even though revenues are lower on a monthly basis than expenses beginning the new fiscal year the governor says no more spending cuts and we might have another round of tax increases next year.

 

Resort Condominiums International is closing is Carmel, Indiana office. 150 jobs lost.

 

Thom*** Consumer Electronics is closing its call center in Indianapolis with employed about 300 employees. It is also planning further cuts at its corporate office in Carmel.

 

The part-time job market is tight. Last year part-time jobs were easy to find-this year it is very difficult.

 

Conseco's stock dropped 23% yesterday after its downgrade by AM Best. It is based in the Indianapolis area. One person I know left the company because she expects it to be acquired in the near future and her future there was uncertain.

 

Rump** a trash service that serves multiple states including Indiana. is selling its Indiana locations to a company called Republic. Rump** had borrowed too much money from a well know finance company. The finance company began calling the shots and Rumpke decided to sell in order to payoff these debt obligations so it could regain operating control of its company.

Editor's Note:  Schtuff always hits the walls when finance guys take over.  If you forget about marketing, what happens to the revenue line?  Visit www.fuckedcompany.com for a longer list of proofs than I care to regale you with...