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IS IT TRUE: November 16, 2010

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The Mole #??

IS IT TRUE: November 16, 2010

IS IT TRUE that the recent settlement reached between the City of Evansville, the US Department of Justice, and the EPA to suspend further fines and penalties for a period of two years is a great opportunity for the City to get busy with an achievable efficient solution to our Combined Sewer Overflow problem?….that pursuing recompense from the previous operator Environmental Management Corp. that was under contract to the City of Evansville may just result in a settlement in the City’s favor?….that Environmental Management Corp.’s contract with the City of Evansville was renewed on several occasions during which CSO’s occurred routinely?…that the sewer system that the City of Evansville contracted Environmental Management Corp. to manage was spewing waste before they were hired, during the term of their contract, and after the City took back the management?….that it will be quite interesting to learn whether or not Environmental Management Corp. simply did what they were hired to do by the City of Evansville for many years?

IS IT TRUE that one of the basic services that is expected of a municipality is to have a working sewer?….that Evansville does not have and acceptable sewer system for its citizens?…that the EPA came down on the City of Evansville for a problem that has been going on unabated for more than 40 years?….that being allowed to defer maintenance on a sewer system that fowls the air and causes unsanitary conditions is an opportunity to correct the past?….that just because a 20 year waiver is granted that it does not mean that 20 years have to be taken to fix such a nasty problem?….that this is the kind of unresolved problem that is repulsive to potential employers and residents?…that being in proximity to a CSO discharge devalues properties and depresses the City’s tax base?….that it took good leadership on the part of Mayor Weinzapfel to be granted this extension without penalties or fines?….that it will take a true leader to get the citizens of Evansville on board to fix this problem as quick as possible without regard to the cost?…..that with interest rates at an all time low and jobs in immediate demand that there may never be a better time to fix our sewers than right now….that whomever the next Mayor of Evansville is has a golden opportunity to make a lasting difference in the quality of life here by getting on about the business of fixing these sewers?….that this problem should have been fixed at least 30 years ago?

IS IT TRUE that charity and investment both begin at home?….that Evansville is the only city in America with a population over 100,000 that does not have an active Angel Investment Group or a Venture Capital Firm?….that it is difficult for outsiders to justify investing here when local money does not invest here either?….that investment in Evansville is not sufficiently attractive to outside firms to have outside money lining up to put money into the Downtown or anywhere else?….that the Downtown Convention Hotel will be run better, will be more likely to attract outside money, and have better long term prospects IF Evansville based private funds and Evansville based management are the lead investors and managers in the Hotel project?…. that is true for in other projects that come along?……that Evansville people care more about Evansville than they do about that last half of a percent of return on investment?

UE Study Abroad Participation Again Ranks Among America’s Best

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Published: November 15, 2010

The nation’s leading voice on study abroad has again named the University of Evansville among America’s elite programs.
 


The Institute of International Education released its annual Open Doors report today, ranking the top study abroad programs in the nation. For the second consecutive year, UE ranks 9th in the country in study abroad participation among Master’s Degree-granting institutions, with 48.8 percent of graduates having studied abroad during their time on campus.



In all, 250 of the 512 Class of 2009 graduates at UE had studied abroad at some point during their college career, with most spending at least a semester abroad.
 


“The opportunity to study abroad is one of the hallmarks of the University of Evansville experience, and our sustained excellence in that area is a source of great pride,” said UE President Thomas A. Kazee. “The experiences our students gain from traveling and studying abroad – whether it is at our British campus, Harlaxton College, or anywhere else in the world – give our students a cultural awareness and well-rounded education that can’t be replicated in a traditional classroom.
 


“So we are very excited by this additional recognition, and by what it signifies to the University of Evansville and our students.”
 


While the IIE report quantifies the tremendous Study Abroad opportunities UE offers its students, it does not recognize the opportunities UE offers students at other universities through its British campus, Harlaxton College.
 
Currently, UE has signed partnerships with 20 other colleges across America who sent nearly 200 additional students to Harlaxton in the year covered by today’s report.



“The University of Evansville truly does offers students – both at UE and at our partner institutions – the opportunity to get a truly global education, as our ranking in the IIE Open Doors report illustrates,” said Earl Kirk, director of UE’s Study Abroad program. “But, while the recognition is nice, the most important thing we learn from these distinctions is that our students truly are receiving the kind of life-transforming educational experiences that our Study Abroad program is designed to offer.
 


“These experiences are part of our mission to prepare students to engage the world as informed, ethical, and productive citizens.”

Introducing Commander & Commissioner Stephen Melcher: Columnist on Veterans Affairs for the City County Observer

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The City County Observer is pleased to welcome and introduce County Commissioner Stephen Melcher as a City County Observer Columnist on Veterans Affairs. As a Veteran of the U.S. Army Commissioner Melcher is uniquely qualified to author high quality articles on all of the issues that are important to our treasured American Veterans.

Commissioner Melcher serves as Commander of Vanderburgh County Veterans Council, is a Life member of the both American Legion Post 354 (Vice-Commander) and Amvets Post 84. Stephen attends Grace & Peace Lutheran Church and values his faith while honoring his spiritual roots.

Stephen believes his role as a Commissioner is that of a public servant, and he has long emphasized the importance of leadership that provides economic development opportunities that welcome diversity. Stephen’s record reflects his opposition to any restrictions based on gender, ethnicity, age, disability, religion, race and economic background.

Stephen has a strong fiscal background in business and currently serves as Facilities Director for CAPE. Graduate of Bosse High School and attended University of Southern Indiana.

Stephen considers himself a vital link to his community and is actively involved in neighborhood associations and United Neighborhoods of Evansville. President of Lakeview Optimist Club (life member), Fraternal Order of Police Association, Indiana Right to Life and Right to Life of Vanderburgh County. He works to provide residents with a sense of fairness in the government process and to provide an improved quality of life for our families and neighborhoods.

Commissioner Melcher is experienced as an author having contributed many editorials and op-ed pieces over his political and professional career here in Evansville, Indiana. It is our privilege to partner with Commissioner Melcher in his passion for advocating for American Veterans and we are looking forward reading and publishing all of his monthly columns.

IS IT TRUE: November 15, 2010

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IS IT TRUE: November 15, 2010

IS IT TRUE that City County Observer Mole #3 says that contrary to popular opinion that Jim Braker will file for a recount in the election for Knight Township Trustee?…that this is posted at 2:15 PM CST on Monday November 15, 2010?

IS IT TRUE that in 2003 then Mayor Russ Lloyd Jr. spent roughly $1 million on a study for a Downtown Baseball Stadium?…..that an affiliate of the Los Angeles Dodgers was planning to move to Evansville to play their home games in that stadium?….that Cal Ripken and current Los Angeles Dodgers Manager and Evansville native Don Mattingly were on board as shareholders with the affiliated team?…..that current Mayor of Evansville, Jonathan Weinzapfel made that baseball stadium a campaign issue?…that then candidate Weinzapfel called the study for the $25.5 million baseball stadium a “waste of scarce City of Evansville resources”, chided Mayor Lloyd for “failing to involve the public”, and subsequently won the Mayor’s office?

IS IT TRUE that learning from one’s mistakes is a great characteristic of a leader?….that in coming out against the $18 Million Robert’s Stadium ball fields project that Russ Lloyd Jr. showed that he had in fact learned from the mistake that he made in 2003?….that Mayor Weinzapfel will soon be responsible for two stadiums in Downtown Evansville?…that Mayor Weinzapfel’s criticisms of Russ Lloyd Jr. in his aggressive campaign to become Mayor in 2003 kept Downtown Evansville from having an affiliate of the Los Angeles Dodgers in a new baseball stadium similar to the ones in Louisville and Indianapolis?….that Mayor Weinzapfel is the driving force behind the new Evansville Arena and recently has been quoted as “seeing no other funded use” for the Robert’s Stadium property other than $4.9M of ballfields and $12.6M in improvements to the City of Evansville infrastructure including $1.5M to demolish Robert’s Stadium?….that the $18M Ball Fields of dreams and the $25.5M semi-pro Baseball Stadium are similar in price, similar in dollars spent on a study, similar in being pursued without public support, and have met a similar non-acceptance at the hand of the citizens of Evansville?….that Russ Lloyd Jr. seems to have learned from the mistakes of the past but that current Mayor Jonathan Weinzapfel has not?….that Mayor Weinzapfel has repeated the very mistake that he capitalized on at the expense of Russ Lloyd Jr. to become Mayor in the 2003 election?

IS IT TRUE that the readers of the City County Observer soundly defeated the proposition of deference being paid to Mayor Weinzapfel?….that the margin of defeat for waiting in line like bridesmaids until the current Mayor makes his intentions known was 9 to 1?…that Vanderburgh County Democratic Party Chairman Mark Owen needs to make a mental note of that result?…that the City County Observer supports openness, honesty, and personal choice when it comes to a wannabe candidate making announcements with respect to seeking elected offices?

Steven L. Smith: What Is Asset Allocation?

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What Is Asset Allocation?

Steven Lowell Smith, CPA, MBA

The term “asset allocation” is often tossed around in discussions of investing. But what exactly is it? Simply put, asset allocation is about not putting all your eggs in one basket. More formally, it is a systematic approach to diversification that determines the most efficient mix of assets based on your risk tolerance and time horizon.

Asset allocation seeks to manage investment risk by diversifying a portfolio among the major asset classes, such as stocks, bonds, and cash equivalents. Each asset class has a different level of risk and potential return. At any given time, while one asset category may be increasing in value, another may be decreasing in value. Asset allocation attempts to limit the risk by diversification. So if the value of one asset class or security drops, the other asset classes or securities may help cushion the blow.

Dividing your investments in this way may help you ride out market fluctuations and protect your portfolio from a major loss in any one asset class. Of course, it is also important to understand the risk versus return tradeoff. Generally, the greater the potential return of an investment, the greater the risk. Diversification does not guarantee a profit or protect against loss. It is method used to help manage investment risk.

As a result, the makeup of a portfolio should be based on your risk tolerance. Generally, you should not place all your assets in those categories that have the highest potential for gain if you are concerned about the prospect of a loss. It is essential to find a balance of asset classes with the highest potential return for your risk profile.

The other factors that are vital to developing an asset allocation strategy are your investment goals and time horizon. When you are considering how to diversify your portfolio, ask yourself what you want to accomplish with your investments. Are you planning to buy a new car or house soon? Do you aspire to pay for your children’s college education? When retirement rolls around, would you like to travel and buy a vacation home? These factors should all be considered when outlining an asset allocation strategy.

If you require a specific amount of money at a point in the near future, you might want to consider a strategy that involves less risk. On the other hand, if you are saving for retirement and have several years until you will need the funds, you might be able to invest for greater growth potential, although this will also involve greater risks.

Whichever asset allocation scenario you decide on, it’s important to remember that there is no one strategy that fits every type of investor. Your specific situation calls for a specific approach with which you are comfortable and one that will help you pursue your investment goals.
This material was written and prepared by Emerald. © 2010 Emerald

Financial West Group
5908 Berry Lane • Evansville, IN • 47710
Phone: 812-484-9338 • Fax: 812-402-5024
www.stevensmithfinancial.com • ssmith@fwg.com
Securities are offered through Financial West Group (FWG), Member FINRA, SIPC
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The 2011 Election for Mayor of Evansville Polls

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Dan McGinn

Rick Davis

The 2010 elections results had not even been certified yet when aspiring candidates for Mayor of Evansville in the 2011 election started hinting of their candidacies. There has currently been one Democratic candidate formally announce, another hint at interest, and the Central Committee Chairman Mark Owen has admonished them all to sit quietly in deference to a potential announcement by current Mayor Jonathan Weinzapfel.

Mr. Davis formally announced his candidacy at the Soldiers and Sailors Coliseum last Thursday to a vocal and supportive crowd that has been estimated at between 250 and 400. Recently defeated Vanderburgh County Assessor Jonathan Weaver has been quoted as interested in the office of Mayor but has not made any formal announcement.

The City County Observer conducted polls for each party nomination with a slate of could-be candidates that came from community at large. There are some familiar names of perennial candidates in the poll but interestingly there are some newcomer surprises as well. The raw data in order of preference from the polls is as follows:

Republican Nominee: Dan McGinn 198, Ira Boots 113, Russ Lloyd Jr. 108, Frank Peterlin 92, None of the above 62, Cheryl Musgrave 58, Lloyd Winnecke 44, and Joe Kiefer 16

Democratic Nominee: Rick Davis 200, none of the above 81, Steve Melcher 33, Jonathan Weaver & Jonathan Weinzapfel each with 31, and Troy Tornatta 5.

Multiple votes were not allowed and each poll was up for approximately 5 days. We take the polls down when the voting volume slows down to the point that it will not affect the outcome to leave it up.
We did put up another poll regarding our reader’s opinion of Vanderburgh Democratic Party Chairman Mark Owen’s assertion that “deference should be paid to Mayor Weinzapfel”. The results of this poll are as follows:

“Do you agree with Democratic Party Chairman Mark Owen that aspiring candidates for Mayor should grant deference to Mayor Weinzapfel?” No Votes: 185 Yes Votes: 25

It seems that the readers of the City County Observer are solidly of the belief that it is up to each candidate to craft their own strategy and to make their candidacy known to the public when they choose without paying homage to any sitting office holder while they casually make up their mind.
It is time to narrow the field so we have a new poll. This poll is between the top two vote getters from each party and is an “open” election.

Governor Daniels & Greg Wathen together on Trade Mission to Japan

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Greg Wathen

November 14, 2010

News Release

As Governor Mitch Daniels practices the East Asian ritual of gift-giving during his jobs mission through China and Japan, he is highlighting the work of students from the Herron School of Art and Design in Indianapolis.

Pieces for this year’s trip were chosen through a partnership the state developed with Herron’s Basile Center for Art, Design and Public Life. The center coordinates opportunities for student artists to collaborate with businesses, nonprofit organizations and government agencies to create one-of-a-kind commissioned pieces, displays, public art installations and other art and design projects as part of the curriculum.

Earlier this year, the Indiana Economic Development Corporation worked with administrators from the Basile Center to offer students an opportunity to submit works of art representing Indiana that could be replicated for the East Asian gift-giving ritual. Thirteen students and faculty members presented pieces and Governor Daniels selected three for this year’s mission gifts.

Daniels’ final selections included a handcrafted ceramic vase, a wood Shaker-style box and a handmade silk scarf, which he is presenting to company executives and government officials during the trip.

“We’re always telling the story of Indiana’s business climate to our friends in China and Japan, and there’s no better way to share a small glimpse of the talent and ingenuity of Hoosiers than through these works, crafted by such talented Indiana artists,” said Daniels.

The ceramic vases, titled Blue Skies and Crossroads, were made by David Nagy, a Herron pottery student who will graduate next summer. Nagy is a native of Michigan but moved to Indiana to be near family after serving three years in the military.

Derrick Method, a furniture design student who graduated from Herron in May, created decorative boxes from reclaimed Indiana maple and cherry hardwoods. The pieces are constructed in the traditional Shaker style with bent wood, copper tacks and small wooden pegs and do not use any glue or adhesives. Method grew up in New Paris before moving to Indianapolis in 2008.

The governor also selected scarves made by textile artist and Herron assistant professor of printmaking, Meredith Setser. Setser taught courses at the University of Wisconsin-Madison and the Milwaukee School of Art and Design before joining Herron School of Art and design in 2006.

“Working with Governor Daniels’ team to design and craft original gifts for this year’s jobs mission has been an enriching, educational and cultural experience for our students, in addition to providing a powerful addition to their portfolios,” said Kathy Pataluch, director of the Basile Center for Art, Design and Public Life. “No other art and design school in the country offers these types of opportunities, and we were thrilled to partner with the governor’s team on this one-of-a-kind project.”

Gift-giving is important in Japanese and Chinese business protocol, and emphasis is placed on this ritual. The exchange usually occurs near the end of a meeting. Daniels is presenting the pottery to the top executive for each company or governmental body he meets with on the trip. In addition to the scarves and wooden boxes, neckties in the state colors and notecards featuring Indiana nature photographs are given to other officials who attend the meetings.

The IEDC purchased the gifts using private contributions from the IEDC Foundation. No state funds are used to pay for the state’s overseas jobs missions.

The governor and delegation traveled from China to Tokyo on Sunday. They begin three days of business in Japan on Monday, including meetings with current customers, including the leadership of Toyota, Honda and Subaru. Greg Wathen of the Economic Development Coalition for Southwest Indiana is with Governor Daniels in Japan.

The Executive Inn Dilemma Continues: How Wide is a Parking Garage?

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View Larger Map

In the aerial photo above it is obvious that the Executive Inn parking garage is roughly twice as wide as the Executive Inn itself. So if a parking garage is 120 feet wide yet there is only 50 feet of footprint available how does one put a parking garage where the hotel was? We shall see.

We are anxiously awaiting the arrival of the proposals to build a new Downtown Convention Hotel. It recently came to our attention that the proposals are all three instructed to consider the location where the Executive Inn parking lot currently stands. That seems like a reasonable location for a new hotel.

The question then comes up about just where will the approximately 400 parking spaces that the current garage has provided for the Executive Inn for many years will be located? In a recent debate one of the candidates suggested that the replacement parking garage could be located where the remainder of the Executive Inn currently sits. That is also a reasonable assumption. Being curious of nature we did a little research into the feasibility of laying out a parking garage on that site and were shocked to discover that there is not enough width available to put a traditional parking garage onto the remaining lot of the Executive Inn without infringing onto the new Arena.

Thus the question, how wide is a parking garage? becomes relevant. The basic answer is that the width is four parking places, two traffic lanes, and one turning radius wide. The answer to that question is about 120 – 125 feet depending on the size of vehicles that one wishes to accommodate. The next question then becomes, how wide is the Executive Inn? The answer is two rooms and a hallway or about 50 feet. Fifty (50) feet is not wide enough to accommodate a traditional parking garage. We have looked at every single parking garage in downtown Evansville and several other towns and they are all about 120 feet wide at their narrowest point. None of them are narrow enough to fit where the Executive Inn currently sits. We have another Executive Inn Dilemma to deal with.

The riddle of the day is, how do you put a 120 foot wide parking garage onto a 50 foot wide foundation? The answer is of course that you don’t. There are some things to consider that may just bail this problem out. Among them are the following.

1. Buy an adjacent lot to put the parking garage on and make the Executive Inn lot a loading dock. That would cause the City of Evansville to need to buy the lot with money that was not budgeted. How much?? Ask the owners of D-Patrick. They will gladly tell us how much.

2. Use the space above Walnut Street for parking with an entry where the entrance to the Executive Inn currently is. It is a more expensive solution than a traditional parking garage and will complicate the architectural task of integrating a new hotel to a parking garage with a structural overpass. There is potential for butt ugly here so the architects had better have their Tom Terrific thinking caps on.

3. Use an elevator type of auto lift like large cities use. These are very costly and slow but are the most space efficient parking structures available. This is impractical and expensive, but it is possible

4. Put the new hotel where the old one is and a new parking garage where the old one is. This is very practical and doable but it would require restarting the clock and eating a little crow on the part of whomever is planning this project. We wonder why the obvious solution was discarded on this dilemma.

There it is. We have another Executive Inn Dilemma and four ways out. The least expensive and most practical solution is the only one that is not possible unless the current course of action is changed.

It is a plus that the $18 Million that the Evansville Convention and Visitors Bureau was planning to spend on 8 ball fields is now available for other projects that assist in promoting tourism. The City of Evansville should not even consider any new capital projects until the Executive Inn Dilemma is completely solved. That solution must include a new Downtown Convention Hotel, replacement parking spaces, a loading dock, and a walk bridge to the Centre. Hopefully sometime in 2013 we will be cutting the ribbon to a complete solution to the Executive Inn Dilemma.

Applying the Medici Effect to Local Problems

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Applying the Medici Effect to Local Problems
By Joe J. Wallace

I was privileged this week to attend a seminar on creativity at USI, the subject of which was “The Medici Effect”, a term used by author and speaker Frans Johansson who invited by USI to conduct this seminar to present a deliberate way of seeking innovative solutions to problems. This seminar was in no way about the predictable progress made by making minor incremental adjustments to a proven entity; this was about the intentional juxtaposition of leading edge thinkers for the purpose of creating breakthroughs and transformations.

The name “The Medici Effect” comes from the Medici family of Florence, Italy who intentionally brought leading edge thinkers of the world to Florence to establish it as a center of thought and culture to rival that of Rome. Some of the notable people who spent time in Florence with Medici patrons were Michelangelo, Galileo, and Donatello. The family Medici brought the works of Plato from Constantinople to Florence and established the Platonic Academy along with the largest library in Europe at that time. The Medici’s literally nurtured the greatest thinkers of their age for the glory of family. The results were so transformational on a worldwide basis that the Medici’s are now often referred to as “the Godfather’s of the Renaissance”.

As I have an interest in solving problems on a local scale my thoughts while hearing about all sorts of ways that cross disciplined groups have created breakthrough solutions in undreamed of ways, my mind drifted to some very local problems. In particular, I was pondering the question of first, how can the Evansville region preserve the wealth under our ground in the form of abundant deposits of coal, and secondly how can we repair our dysfunctional sewer system in a less expensive yet sustainable way. Make no mistake, if both of these solutions come from an Evansville region company, the wealth and lifestyle of this region will be expanded greatly. If these solutions come from elsewhere or do not come at all it will be more fowl air and less prosperity for this place that we call home.

Conservative societies suffer much more from an affliction that is typically called associative barriers than free thinking societies do. An associative barrier is an ingrained belief that repetitive experience is valued over thought and people can be categorized. We are all guilty to some extent of seeking the comfort that associative barriers give us. It is natural for the human brain to seek the path of least resistance. That path of least resistance is what causes us to call a plumber when the drain is clogged or a doctor when our arteries are clogged. These skills are trained, predictable and serve us well in most cases where a proven solution already exists and we only need someone who is trained in that particular skill.

What do we do when our economy is clogged? What do we do when the EPA tells us to repair our sewer system and the existing solutions require us to spend hundreds of millions of dollars that we do not have? What do we do when pending legislation has the potential to turn the coal beneath our surface unusable and essentially worthless? I would respectfully suggest that calling an economist, a civil engineering firm, or an organic chemist is not the right answer.

The solutions to these types of problems require transformational yet practical solutions. This means thought followed by more thought and then followed by action. The “thinkers” that will eventually come up with these breakthroughs are likely to come from out of the blue without the debilitating associative barriers that traditionalists typically have. Mr. Johansson spoke of an architect whose team studied how termites built a mound that stayed constantly at 87 degrees in a hostile climate to get the inspiration to design a building in the same way. The result is a building in Africa that is 90% more efficient that previous buildings. That is the transformational power of tossing associative barriers to the curb and expanding the mind through opening up to the creative power of divergent thought.

People with low associative barriers, connect ideas or concepts that have very little basis in past experience. Such ideas are often met with resistance and statements such as, “If this is such a good idea, someone else would have thought of it.” But that is precisely what someone else would never have done, because the connection between the two concepts is not obvious and was not taught in their skills based training.

So, Evansville has two big problems both of which are in dire need of “outside of the box” solutions. Over 800 cities in America have the problems associated with Combined Sewer Systems. These 800 cities have all or will all be mandated by the EPA under the threat of fines to implement solutions to these problems. This is A HALF A TRILLION DOLLAR PROBLEM, with a guaranteed customer base. Is there a research group or a creative center in Evansville working on a solution to this problem?

The current estimate of the number of tons of coal in the United States by the National Academy of Sciences is 1,700 billion tons. In the future there WILL BE some legislation that will greatly devalue if not obsolete the value of this coal. Roughly 100 billion of those tons of coal are in the Evansville region. According to the US Energy Information Administration, Illinois basin coal is currently selling for about $48 per ton. That would make the coal reserves right here at today’s prices have a value of $4,800,000,000,000 (4.8 Trillion).

So, what happens to the $4.8 Trillion of this natural wealth if a breakthrough alternative energy technology makes it worthless? I would submit that this natural wealth will have the same value as confederate money does today when a transformational energy breakthrough happens. The way to preserve this wealth for our region is to INVENT OR INNOVATE our way to a solution that does something with our coal that renders it useful and clean forever. Our coal reserves are a major piece of this regions source of both jobs and wealth. Coal is our Fort Knox. If we do not do something about it our gold will be turning to dust.

In a panel discussion with the heads of Vectren, the Coalition for Economic Development, and two other leaders of the region the following question was asked. “What is the best example of collaborative innovation that is taking place in the Evansville region?” That question was met with a period of absolute silence. That silence is disturbing. We have plenty of problems, yet a hand-picked group who should be in the middle of seeking solutions went completely mute in the face of where innovative solutions of any kind were being worked on locally.

During prosperous times, it is easier to write checks than it is to use our minds to break barriers and seek solutions. Cash is not and has never been a substitute for innovative thought.

In Florence, the Medici family stepped up and invested their wealth in bringing world class creative thinkers of all disciplines to their city and launched the Renaissance. Evansville, Indiana can and should have such a think tank of innovation. If we can afford to spend $200 Million monuments to entertainment and to seriously consider spending $18 Million for little league baseball fields we can certainly afford to bring leading edge thinkers here to live. It is also possible that many good thinkers are already here and have an awareness of the problems that we are in need of solutions for. Creating an environment where creative people are attracted to come to this place to solve just these two problems has the potential to generate $3 Trillion of wealth. Why is this not at happening and why is it not at the top of someone’s to do list?

What Evansville needs is not only the ability to think outside of the box but the courage to cast the fear of failure aside and try living outside the box. You see, “it is of little value to Think Outside the Box, If you do not have the Courage to Live Outside the Box?”

IU Launches Economic Development Blog

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November 9, 2010

News Release

INDIANAPOLIS — Indiana University’s Office of the Vice President for Engagement (OVPE) has launched a new blog as part of a comprehensive and interactive social media strategy designed to serve as a key component of the Innovate Indiana initiative.

The new blog, created to engage and converse with IU faculty and staff, Indiana business leaders and IU alumni on matters related to economic development and technology commercialization, will be hosted by a number of IU officials, including Bill Stephan, who served as president and CEO of the Indianapolis Private Industry Council before becoming IU’s vice president for engagement in 2007, IU Assistant Vice President for University Relations and Engagement Kirk White, and Tony Armstrong, president and CEO of Indiana University Research and Technology Corp. (IURTC).

“Innovate Indiana is our description for the ways in which Indiana University is channeling our vast institutional resources to strengthen the Hoosier economy,” Stephan said in making the announcement.

The new blog is designed as a gateway for faculty and staff to converse, share and engage with each other, but it was also created with the external business community in mind. Ideally, the blog will become a key information hub for economic development and technology commercialization activities at IU and in the state. IU’s Office of the Vice President for Engagement is the central point of contact for Innovate Indiana.

Some of the first topics discussed at the newly launched site include a look at the Southeast Indiana business community asset know as the IU Regional Economic Development Resource Center (REDRC), based at IU Southeast, and also the IU Council for Regional Engagement and Economic Development (CREED), which was created as a tool to effectively connect all IU campuses and the communities they serve.

Source: Indiana University