September 15, 2025 • 24 mins
City to consider $18M bailout loan to keep delayed Gold Building redevelopment afloat. When is I-69 going to be finished? Tik Tok deal to be announced? Trump needs to call out the New York Times as NOT the paper of record
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Episode Transcript
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Speaker 1 (00:18):
The city is going to bail out of private development.
Am I am? I reading this right from the IBJ.
I mean we're gonna be with Gary Deck in just
a couple of minutes. But walk me through this. I'll
share with you the story. You tell me if I've
got this right. Tony Katz ninety three WIBC, Good morning,
(00:40):
Mickey Showey with the reporting. Indianapolis development officials are proposing
an eighteen million dollars loan by the Metropolitan Development Commission
will salvage the apartment conversion of the Gold Building that's
one hundred and fifty one North Delaware. That conversion expected
(01:04):
to replace four hundred thousand square feet of office space
with more than three hundred and fifty apartments and nearly
eight thousand square feet of ground floor retail. So you've
had a two groups, Gershmand and city Mark, investing about
(01:24):
fifty million dollars into renovations, and sources telling the IBJ
that the project has been a point of frustration for
hog Seat, his administration and others because of the faltered
efforts to secure funding and because it has led to
further delays for other components of the effort to reshape
(01:45):
the City Market north of the City County Building. Okay, Now,
I'm not arguing against whether the city is happy or unhappy,
or trying to get this done so they can move
on to the next thing. I don't have that data
(02:06):
in front of me. And even though Joe Hog said
is a fool who abuses his own staff and allows
abusers to be honest staff, I'll believe that this part
of the reporting from Mickey Shwey is accurate. I would
have no reason to think otherwise that, Hey, you said
you'd have something done. We're waiting for this to be
done to get the next thing done. You're not getting
it done. Well, then we've got ourselves a larger scale problem.
(02:29):
Here's the question, why in the world would the city
bail out anybody the project failed, tell them to sell
it to somebody else. Eighteen million dollars, Well, Tony, that's
the cost of business. That's the way it works. No,
it's not. That's the way cities may work, government may
(02:50):
work utilizing other people's money. I oppose the bailouts when
they were coming for aig. What in the world are
we looking at here an eighteen million dollar bailout? Now
(03:11):
are we talking about a loan. Are we talking about it?
Here you go, they're saying loan. Now, the question is
who believes the loan will be paid back. This is
the kind of stuff that makes people crazy because this
is government giving government people a deal who are in
the know that other people wouldn't get. Your small business
(03:34):
will never get this deal. And thus I oppose it.
And I am not happy with the city being so
involved in construction projects. I said this about the Carmichael
in Carmel, I said this about the hotel that in
(03:59):
the Naneapolis is building in downtown. This is the city
is in the real estate business. No thanks being a
place that makes it easier to build good reducing regulation,
red tape valuable. I'm all in for that eighteen million
(04:23):
dollar loans. Raise your hand if you think it's gonna
get paid back. Oh look, everybody still has their hands
on the wheel. Yeah, this is an interesting story. This
is an interesting, interesting, interesting story. Exactly how often is
(04:45):
this happening in Indianapolis. Exactly how many people are getting
themselves a nice bit of city provided cushion Tony Katz
ninety three WIBC Morning. There are national stories, there are
local stories, and then there's the story of I sixty nine,
(05:07):
which if you've been a Hoosier for any amount of
time at all, you know the question is is this
thing done already? Tony Katz ninety three WIBC, Good morning,
Good to be with you. Gary Dick joins us from
inside Indiana Business dot Com on the Twitter exit iib
is where you find him. So I ask you, Gary Dick,
(05:31):
is this thing done?
Speaker 2 (05:34):
It's getting closer? You're right. It has been talked about
for many, many years, decades finishing ICE sixty ninety I
sixty nine extension through Indiana, and last week the story
came in to focus more on a national level. The
US Transportation Secretary Sean Duffy was in Evansville last week
(05:57):
joining Governor Bonond, Senator Todd Young, and others from Kentucky
to talk about this Ohio River crossing project, the biggest
infrastructure project in southwest Indiana in memory, at least one
point four billion dollar bridge that will connect Evansville to Henderson, Kentucky.
What that's been fifty years in the making, This extension
(06:17):
of I sixty nine, and it's getting closer. Still have
to be approaches on each side. Indiana and Kentucky being
constructed now, then they have to build the bridge, and
right now it's looking that it won't be until twenty
thirty one, believe it or not, until traffic would be
on that bridge, But apparently getting closer, a lot of
(06:39):
attention on it.
Speaker 1 (06:41):
Twenty thirty one is apparently getting closer.
Speaker 2 (06:43):
To you, not to me, but and actually as part
of the trip last week by those officials in who
visited Southwest Indiana, there's a four hundred and sixty million
dollar grant that's on the table that the Indiana Department
of Transportation wants to get. The hope is that Secretary
Deputy's visit will help speed up that process and maybe
(07:05):
get money into the project and speed up that timeline
a bit. But there is a big business connection, certainly
the business community in southwest India. I've talked to a
number of them for a long time, very frustrated how
long it's taking taking to get this bridge built. You
look at FedEx obviously here in Indianapolis, in access to
(07:26):
access to Memphis their headquarters there through air obviously, but
also on ground. A lot of companies, a lot of
communities in that part of the state are banking on
looking at economic development projects based on this being done.
So the sooner it gets done, the better. We'll see
where that plays out.
Speaker 1 (07:46):
Talking with Garry Dick from Insight Indiana Business dot Com
on the Twitter x at IV, let's talk data centers,
because you've got city County council now opposing data centers.
We're opening these things up to the public all of
a sudden, data centers are public. Getnumber one. I think
it was North Carolina saying no to a very large
data center. I haven't made a determination yet and whether
(08:07):
or not data centers are enemies, as you have reported,
Indiana now has seventy two of them, up thirty percent
since March. What is as you're hearing it, the real
opposition to data centers and what are you hearing about
the future?
Speaker 2 (08:22):
Yeah, and you mentioned some local opposition big data center
planned in Franklin Township, increasing opposition to that one on
the city County Council and there's a vote plan I
think it's a week from tonight on that project and
whether it will go forward or not. But the big
concern and the fact of the matter is these data
centers are happening, and they're going to happen. The question
(08:45):
is where, what communities, what regions of the country are
going to accept them and want them to be part
of their community. Big concerns include resources, the amount of
water it takes to cool and power electricity to power
these big data centers. They take a lot of energy,
(09:07):
the environmental impact, A lot of concern about the incentives
increasingly so that are being provided to these data centers
to locate in communities around Indiana.
Speaker 1 (09:17):
And what are the incentives, Gary, what are the incentives
you're hearing about?
Speaker 2 (09:22):
Yeah, and you know, typical taxibatement, those types of traditional incentives.
But there was a law that was passed. I think
it was in twenty nineteen. I can't remember the year
that the legislature passed legislation that would make it more attractive,
that would increase the incentive, if you will, for big
(09:43):
companies to locate data centers here, to make Indiana more
competitive with states like Ohio and Virginia and some of
these other states. They have a lot of data centers,
so it's more attractive to do business here. That's why
the interest is here, which wasn't here before the law past,
but it is now. Google is looking here in Marion County.
(10:05):
Also a big data center up in Fort Wayner building Meta,
the Facebook parent building down in south east Indiana. Amazon
building a massive data center in northern Indiana. There are
a number of others around the state, but increasingly we're
seeing this community resistance. Hancock County certainly is seeing that
Kashasco County killed, the Warsaw area killed a data center
(10:27):
project in that part of the state. Farmers concerned about
the impact on the land and losing land in that
part of the state. So we're seeing increasingly this battle
between communities and big tech play out, and it's certainly
not over it. Maybe just beginning.
Speaker 1 (10:45):
Talking to Gary Dick from Inside Indiana Business dot Com
on the Twitter exit, IIB I'm following this and all
of the arguments seem rather disjointed. If the argument is
tax abatements, which is what it is we give as
a state in order to bring this business in, the
question is what do we lose out on when we
don't give it. What did we actually give up if
(11:06):
we already get nothing. If it's a conversation about power,
why has there not been a conversation about how these
data centers provide their own power something we could easily
write in, or how they pay for power they're using, unless,
of course, it takes power away from the rest of us.
These things can be discussed. And if we're not going
to take the data center, what are we taking in instead?
(11:29):
I find that the argument against the data center seems
to be very much lacking in any level of cogent
rational response to it. We just don't want this business
seems a bit awkward. Is there a competitive business, a
different business that we're saying is a state we would
rather have than the data center?
Speaker 2 (11:51):
Well, I think if you look at some of the
focus in Indiana here to your point, Tony, you look
at areas like microelectronics, we see the biggest case heinez
investment in West Lafayette. Obviously traditional industries like advanced manufacturing
and those those types of things. But really, and you
kind of touched down it there with that that that
(12:12):
commentary in terms of the pushback part of it is
is the you know, nimbiism if you will not in
my backyard, that certainly is coming into play with these
data centers. Also the question of return on investment, you know,
for these big the incentives that are being offered are
the jobs being created enough to make it worth a
(12:33):
community's while we see the State of Indiana Indiana Economic
Development Corporation paying one point two million dollars, as we've
reported on a study on Data Center specifically to answer
some of those questions that you bring out, some of
those questions about the environmental impact, the energy usually all
those types of things, the jobs and is it really
(12:57):
worth it. So this is a hot button issue in
the economic deve the world, and Indiana has become one
of the one of the key areas where it's playing out.
Speaker 1 (13:06):
Gary Diick inside Indiana Business dot Com on the Twitter
x at ib I appreciate you sharing the update. Time
to fill up on the news. Tony Katz, ninety three WIBC,
Good morning, what's going on? Down? Futures up one twelve.
Nasdaq futures are up fifty one, and there could be
(13:30):
reason for that. Right now, we've got oil prices sixty
two dollars and ninety one cents on the West Texas
crewed sixty seven to fifteen on the Brent crud, and
the ten year treasury, which was heading down four point
zero four five ticking up just a touch. We keep
an eye on that big story, Trump indicating, implying, indicating
(13:55):
the story just breaking that a TikTok deal has been reached,
saying on a truth a social post, a big trade
meeting in Europe between the United States of America and
China has gone very well. It will be concluding shortly.
(14:16):
A deal was also reached on a certain quote unquote
company that young people in our country very much wanted
to save. They will be very happy. I'll be speaking
to President g on Friday, the President. The relationship relationship
remains a very strong one sign of President dj T.
That's Donald John Trump. For those of you playing the
home game. If the United States owns part of TikTok,
(14:38):
I'm gonna lose my mind. We shouldn't own part of Intel.
We should have known part of TikTok. We should not
be involved in Solindra. How much do we have to
learn before we say we don't do these things? Sorry?
Not interested, not conservative, not valuable. And I got involved
in a whole conversation over the weekend at the Who's
(14:58):
Your Leadership for America Summit about this idea of traditional conservatism.
It was Kurt Schlickter. It wasn't so much arguing against,
but rather saying we should want question whether or not
we need traditional conservatism. I took the position of there's
no such thing. There's conservatism and everything else, and I
(15:18):
discussed this now is a bastardization. It's like people talk
about late stage capitalism. What the heck, there's capitalism and
everything else is nonsense. It's nonsense. I don't want the
US owning companies. No, it is not correct. No, it
is not accurate. No, it's not keeping America strong. It's not.
I don't care who you are within the administration or
(15:40):
what position you work for, it's not it's ridiculous. We
shouldn't be doing these things. The private sector can handle it,
or these people can falter, and that's it. But if
you want to change certain rules regarding those who can
mess with the private sector, how other nations abuse us, Well,
that's a different argument. But we cannot have any conversation,
(16:03):
any argument that states, well, we buy into some of
these companies and problem up and it's all right. Nope, nope, no, no, no, oh,
no ah, hell no. The answer is no copy to
discuss that anytime, any place, anywhere. Tony Katz in ninety
three WIBC. Good morning. All Right, it hit me that
(16:27):
I know what this is that could be wrong. Tony
Katz ninety three WIBC, good Morning's time to play America's
favorite game, What the heck is that television theme song?
Here is how we play our game. Producer Carlos picked
the television theme song from yesteryear. I have to guess
(16:48):
what it is. Okay, I think the chat Room may
be right. I think the chat Room may be right
because I knew it was one of those kind of
cop procedurals. At first, I'm like, is this the man
from Uncle? But no, this is not the man from Uncle.
This is the theme to Adam twelve. Wow, give the
(17:13):
chat room the assist on there. I knew it was
in that realm of thing, but the chat room had
it well done. Well played, Dusty, Don Fred and Molly,
good work. Good work in there. We play this game
What the heck is that TV? Theme song? Every single
(17:35):
Monday through Friday. Carl tries to stomp us and we
say not today, Satan. That's that's what we say about Carl.
Some people think it's a bit harsh. Me I think
it's it's right on, right on. Que right there. Interesting
story about UBS. You're like, Tony is not a bank.
(17:58):
It is a bank. The the headline from Newsmax is
that they're thinking about coming to the United States. You're like,
we were already have UBS. I don't know the actual
headquarters of the bank. UBS is considering a move to
the United States, and You're like, how in the world
(18:19):
does a Swiss bank move here? They've got all the
good banking rules. Well, they've got new capital requirements over there.
They have met with the Trump administration to prepare a
strategy shift that could include the acquisition of a US
bank or a merger. We want to continue to operate
as a successful global bank based out of Switzerland. However,
(18:42):
the Swiss proposals on capital requirements, as he calls them
punitive and excessive, said the bank would need to rethink
how it protects shareholders and stakeholder interests, although stakeholder is
a nonsense term. It's definitely too early to jump on
commenting on any potential scenario and what our responses will
be interesting. The Swiss government said, hey, UBS took over
(19:05):
Credit Sweez, there should be tougher controls and they should
have to hold twenty six billion dollars in core capital,
and what UBS is saying is come on, That's basically
what it is that they're saying. They're interesting interesting stuff. Also,
(19:28):
allow me to the people who want to scream cancel culture.
Regarding all of those people who are being called out
and losing their jobs, getting expelled from universities because they're
cheering the death of Charlie Kirk and showing themselves to
being really despicable people, I would say three things. First,
(19:55):
I have not called on anybody to be fired. Secondly,
I am not surprised that a company is completely rethinking
their social media policy when they have employees cheering somebody's murder.
It's pretty messed up. Carolina Panthers, MSNBC, NASDAQ, FEMA, They've
(20:16):
all carried out disciplinary actions against people cheering the death
of Charlie Kirk. The Secret Service the same thing. Delta
said employees who made social media posts about Kirk's murder.
Time of Delta Airlines were suspended, saying the post quote
went well beyond healthy, respectful debate. Some people are going
(20:36):
to say, I thought you you believed in free speech. Oh,
I absolutely do. I never said these people couldn't be
the most disgusting human beings on planet Earth. I never
once said they couldn't be the true embodiment of evil.
I didn't say that. Hannah Einbinder from the TV show
Hacks couldn't say f ice in Free Palestine while she's
(20:59):
accepting an Emmy f Ice. I mean, how hateful of
America does one have to be? And the answer is
Hannah Eymbinder is pretty hateful. If she thinks we shouldn't
have a rule of law and people here illegally and
committing murders should stay. If she thinks that somehow the
terrorists are worth supporting and not the people attacked by
(21:19):
the terrorists, which includes the people who live in Gaza.
But hey, some people are just terrible, which is why
you don't let your children date someone like Handa Erombinder,
and you don't let your children marry somebody like Hannah Ironmbinder.
I didn't say she couldn't say it. I said she
deals with the consequences. We all deal with the consequences. Booboo. Well,
(21:41):
so you support cancel culture. I'm not saying anybody should
be fired. These people, these businesses are and if you
don't want to shop those businesses anymore. Don't fight Delta.
It makes no difference to me. I don't think anybody
should buy room business that advertises on MSNBC. You think
we should be buying from businesses that's still advertise in
(22:01):
the New York Times. The New York Times, which in
one of the wather is an obituary of one of
their early columns about Charlie Kirk, referred to him as
an anti Semite. Look what he said, and then they
put out a correction the next day. Oh no, he
didn't say this. He was commenting on somebody else who
said this. You didn't have that right, and you call
yourself journalists. You did it on purpose. It's because that
(22:23):
the New York Times, you're the lowest people, and Barry
Weiss was right to leave you. You don't deserve love
or attention. And President Trump has to state that the
New York Times is no longer the paper of record,
and I'm not quite sure how that changes, but they're not.
They can't be the paper of record. That's over. You
(22:46):
don't think businesses are paying attention to what's happening here.
You don't think that that businesses are gonna note when
their employees are cheering murder. Teachers cheering murder, psychotics. You
should be very aware when a teacher is cheering murder.
(23:07):
You should be very aware when this is happening. So
therefore you can know when to pull your kid out
of that school. Every time a teacher cheers a murder.
Fifty thousand parents should pull their kids out of public schools.
Starve them economically. They don't get any money. We'll figure
(23:30):
out another way. We don't need you. You're not worth it, Teachers' Union.
Your teachers can't control themselves. They think they're too important,
They think their personalities matter too much. They don't matter.
The kids matter. A teacher cheers murder, fifty thousand kids
(23:52):
get pulled out of public schools across the country. They'll
learn now. It doesn't mean they'll be good people, certainly.
Speaker 2 (24:03):
You can.
Speaker 1 (24:04):
You can hope that they get the message just to
stay quiet and teach. Nobody wants to hear about their
personalities at all. Now, I'll get more into this on
Tony Kak say at noon, I'll catch you then
The city is going to bail out of private development.
Am I am? I reading this right from the IBJ.
I mean we're gonna be with Gary Deck in just
a couple of minutes. But walk me through this. I'll
share with you the story. You tell me if I've
got this right. Tony Katz ninety three WIBC, Good morning,
(00:40):
Mickey Showey with the reporting. Indianapolis development officials are proposing
an eighteen million dollars loan by the Metropolitan Development Commission
will salvage the apartment conversion of the Gold Building that's
one hundred and fifty one North Delaware. That conversion expected
(01:04):
to replace four hundred thousand square feet of office space
with more than three hundred and fifty apartments and nearly
eight thousand square feet of ground floor retail. So you've
had a two groups, Gershmand and city Mark, investing about
(01:24):
fifty million dollars into renovations, and sources telling the IBJ
that the project has been a point of frustration for
hog Seat, his administration and others because of the faltered
efforts to secure funding and because it has led to
further delays for other components of the effort to reshape
(01:45):
the City Market north of the City County Building. Okay, Now,
I'm not arguing against whether the city is happy or unhappy,
or trying to get this done so they can move
on to the next thing. I don't have that data
(02:06):
in front of me. And even though Joe Hog said
is a fool who abuses his own staff and allows
abusers to be honest staff, I'll believe that this part
of the reporting from Mickey Shwey is accurate. I would
have no reason to think otherwise that, Hey, you said
you'd have something done. We're waiting for this to be
done to get the next thing done. You're not getting
it done. Well, then we've got ourselves a larger scale problem.
(02:29):
Here's the question, why in the world would the city
bail out anybody the project failed, tell them to sell
it to somebody else. Eighteen million dollars, Well, Tony, that's
the cost of business. That's the way it works. No,
it's not. That's the way cities may work, government may
(02:50):
work utilizing other people's money. I oppose the bailouts when
they were coming for aig. What in the world are
we looking at here an eighteen million dollar bailout? Now
(03:11):
are we talking about a loan. Are we talking about it?
Here you go, they're saying loan. Now, the question is
who believes the loan will be paid back. This is
the kind of stuff that makes people crazy because this
is government giving government people a deal who are in
the know that other people wouldn't get. Your small business
(03:34):
will never get this deal. And thus I oppose it.
And I am not happy with the city being so
involved in construction projects. I said this about the Carmichael
in Carmel, I said this about the hotel that in
(03:59):
the Naneapolis is building in downtown. This is the city
is in the real estate business. No thanks being a
place that makes it easier to build good reducing regulation,
red tape valuable. I'm all in for that eighteen million
(04:23):
dollar loans. Raise your hand if you think it's gonna
get paid back. Oh look, everybody still has their hands
on the wheel. Yeah, this is an interesting story. This
is an interesting, interesting, interesting story. Exactly how often is
(04:45):
this happening in Indianapolis. Exactly how many people are getting
themselves a nice bit of city provided cushion Tony Katz
ninety three WIBC Morning. There are national stories, there are
local stories, and then there's the story of I sixty nine,
(05:07):
which if you've been a Hoosier for any amount of
time at all, you know the question is is this
thing done already? Tony Katz ninety three WIBC, Good morning,
Good to be with you. Gary Dick joins us from
inside Indiana Business dot Com on the Twitter exit iib
is where you find him. So I ask you, Gary Dick,
(05:31):
is this thing done?
Speaker 2 (05:34):
It's getting closer? You're right. It has been talked about
for many, many years, decades finishing ICE sixty ninety I
sixty nine extension through Indiana, and last week the story
came in to focus more on a national level. The
US Transportation Secretary Sean Duffy was in Evansville last week
(05:57):
joining Governor Bonond, Senator Todd Young, and others from Kentucky
to talk about this Ohio River crossing project, the biggest
infrastructure project in southwest Indiana in memory, at least one
point four billion dollar bridge that will connect Evansville to Henderson, Kentucky.
What that's been fifty years in the making, This extension
(06:17):
of I sixty nine, and it's getting closer. Still have
to be approaches on each side. Indiana and Kentucky being
constructed now, then they have to build the bridge, and
right now it's looking that it won't be until twenty
thirty one, believe it or not, until traffic would be
on that bridge, But apparently getting closer, a lot of
(06:39):
attention on it.
Speaker 1 (06:41):
Twenty thirty one is apparently getting closer.
Speaker 2 (06:43):
To you, not to me, but and actually as part
of the trip last week by those officials in who
visited Southwest Indiana, there's a four hundred and sixty million
dollar grant that's on the table that the Indiana Department
of Transportation wants to get. The hope is that Secretary
Deputy's visit will help speed up that process and maybe
(07:05):
get money into the project and speed up that timeline
a bit. But there is a big business connection, certainly
the business community in southwest India. I've talked to a
number of them for a long time, very frustrated how
long it's taking taking to get this bridge built. You
look at FedEx obviously here in Indianapolis, in access to
(07:26):
access to Memphis their headquarters there through air obviously, but
also on ground. A lot of companies, a lot of
communities in that part of the state are banking on
looking at economic development projects based on this being done.
So the sooner it gets done, the better. We'll see
where that plays out.
Speaker 1 (07:46):
Talking with Garry Dick from Insight Indiana Business dot Com
on the Twitter x at IV, let's talk data centers,
because you've got city County council now opposing data centers.
We're opening these things up to the public all of
a sudden, data centers are public. Getnumber one. I think
it was North Carolina saying no to a very large
data center. I haven't made a determination yet and whether
(08:07):
or not data centers are enemies, as you have reported,
Indiana now has seventy two of them, up thirty percent
since March. What is as you're hearing it, the real
opposition to data centers and what are you hearing about
the future?
Speaker 2 (08:22):
Yeah, and you mentioned some local opposition big data center
planned in Franklin Township, increasing opposition to that one on
the city County Council and there's a vote plan I
think it's a week from tonight on that project and
whether it will go forward or not. But the big
concern and the fact of the matter is these data
centers are happening, and they're going to happen. The question
(08:45):
is where, what communities, what regions of the country are
going to accept them and want them to be part
of their community. Big concerns include resources, the amount of
water it takes to cool and power electricity to power
these big data centers. They take a lot of energy,
(09:07):
the environmental impact, A lot of concern about the incentives
increasingly so that are being provided to these data centers
to locate in communities around Indiana.
Speaker 1 (09:17):
And what are the incentives, Gary, what are the incentives
you're hearing about?
Speaker 2 (09:22):
Yeah, and you know, typical taxibatement, those types of traditional incentives.
But there was a law that was passed. I think
it was in twenty nineteen. I can't remember the year
that the legislature passed legislation that would make it more attractive,
that would increase the incentive, if you will, for big
(09:43):
companies to locate data centers here, to make Indiana more
competitive with states like Ohio and Virginia and some of
these other states. They have a lot of data centers,
so it's more attractive to do business here. That's why
the interest is here, which wasn't here before the law past,
but it is now. Google is looking here in Marion County.
(10:05):
Also a big data center up in Fort Wayner building Meta,
the Facebook parent building down in south east Indiana. Amazon
building a massive data center in northern Indiana. There are
a number of others around the state, but increasingly we're
seeing this community resistance. Hancock County certainly is seeing that
Kashasco County killed, the Warsaw area killed a data center
(10:27):
project in that part of the state. Farmers concerned about
the impact on the land and losing land in that
part of the state. So we're seeing increasingly this battle
between communities and big tech play out, and it's certainly
not over it. Maybe just beginning.
Speaker 1 (10:45):
Talking to Gary Dick from Inside Indiana Business dot Com
on the Twitter exit, IIB I'm following this and all
of the arguments seem rather disjointed. If the argument is
tax abatements, which is what it is we give as
a state in order to bring this business in, the
question is what do we lose out on when we
don't give it. What did we actually give up if
(11:06):
we already get nothing. If it's a conversation about power,
why has there not been a conversation about how these
data centers provide their own power something we could easily
write in, or how they pay for power they're using, unless,
of course, it takes power away from the rest of us.
These things can be discussed. And if we're not going
to take the data center, what are we taking in instead?
(11:29):
I find that the argument against the data center seems
to be very much lacking in any level of cogent
rational response to it. We just don't want this business
seems a bit awkward. Is there a competitive business, a
different business that we're saying is a state we would
rather have than the data center?
Speaker 2 (11:51):
Well, I think if you look at some of the
focus in Indiana here to your point, Tony, you look
at areas like microelectronics, we see the biggest case heinez
investment in West Lafayette. Obviously traditional industries like advanced manufacturing
and those those types of things. But really, and you
kind of touched down it there with that that that
(12:12):
commentary in terms of the pushback part of it is
is the you know, nimbiism if you will not in
my backyard, that certainly is coming into play with these
data centers. Also the question of return on investment, you know,
for these big the incentives that are being offered are
the jobs being created enough to make it worth a
(12:33):
community's while we see the State of Indiana Indiana Economic
Development Corporation paying one point two million dollars, as we've
reported on a study on Data Center specifically to answer
some of those questions that you bring out, some of
those questions about the environmental impact, the energy usually all
those types of things, the jobs and is it really
(12:57):
worth it. So this is a hot button issue in
the economic deve the world, and Indiana has become one
of the one of the key areas where it's playing out.
Speaker 1 (13:06):
Gary Diick inside Indiana Business dot Com on the Twitter
x at ib I appreciate you sharing the update. Time
to fill up on the news. Tony Katz, ninety three WIBC,
Good morning, what's going on? Down? Futures up one twelve.
Nasdaq futures are up fifty one, and there could be
(13:30):
reason for that. Right now, we've got oil prices sixty
two dollars and ninety one cents on the West Texas
crewed sixty seven to fifteen on the Brent crud, and
the ten year treasury, which was heading down four point
zero four five ticking up just a touch. We keep
an eye on that big story, Trump indicating, implying, indicating
(13:55):
the story just breaking that a TikTok deal has been reached,
saying on a truth a social post, a big trade
meeting in Europe between the United States of America and
China has gone very well. It will be concluding shortly.
(14:16):
A deal was also reached on a certain quote unquote
company that young people in our country very much wanted
to save. They will be very happy. I'll be speaking
to President g on Friday, the President. The relationship relationship
remains a very strong one sign of President dj T.
That's Donald John Trump. For those of you playing the
home game. If the United States owns part of TikTok,
(14:38):
I'm gonna lose my mind. We shouldn't own part of Intel.
We should have known part of TikTok. We should not
be involved in Solindra. How much do we have to
learn before we say we don't do these things? Sorry?
Not interested, not conservative, not valuable. And I got involved
in a whole conversation over the weekend at the Who's
(14:58):
Your Leadership for America Summit about this idea of traditional conservatism.
It was Kurt Schlickter. It wasn't so much arguing against,
but rather saying we should want question whether or not
we need traditional conservatism. I took the position of there's
no such thing. There's conservatism and everything else, and I
(15:18):
discussed this now is a bastardization. It's like people talk
about late stage capitalism. What the heck, there's capitalism and
everything else is nonsense. It's nonsense. I don't want the
US owning companies. No, it is not correct. No, it
is not accurate. No, it's not keeping America strong. It's not.
I don't care who you are within the administration or
(15:40):
what position you work for, it's not it's ridiculous. We
shouldn't be doing these things. The private sector can handle it,
or these people can falter, and that's it. But if
you want to change certain rules regarding those who can
mess with the private sector, how other nations abuse us, Well,
that's a different argument. But we cannot have any conversation,
(16:03):
any argument that states, well, we buy into some of
these companies and problem up and it's all right. Nope, nope, no, no, no, oh,
no ah, hell no. The answer is no copy to
discuss that anytime, any place, anywhere. Tony Katz in ninety
three WIBC. Good morning. All Right, it hit me that
(16:27):
I know what this is that could be wrong. Tony
Katz ninety three WIBC, good Morning's time to play America's
favorite game, What the heck is that television theme song?
Here is how we play our game. Producer Carlos picked
the television theme song from yesteryear. I have to guess
(16:48):
what it is. Okay, I think the chat Room may
be right. I think the chat Room may be right
because I knew it was one of those kind of
cop procedurals. At first, I'm like, is this the man
from Uncle? But no, this is not the man from Uncle.
This is the theme to Adam twelve. Wow, give the
(17:13):
chat room the assist on there. I knew it was
in that realm of thing, but the chat room had
it well done. Well played, Dusty, Don Fred and Molly,
good work. Good work in there. We play this game
What the heck is that TV? Theme song? Every single
(17:35):
Monday through Friday. Carl tries to stomp us and we
say not today, Satan. That's that's what we say about Carl.
Some people think it's a bit harsh. Me I think
it's it's right on, right on. Que right there. Interesting
story about UBS. You're like, Tony is not a bank.
(17:58):
It is a bank. The the headline from Newsmax is
that they're thinking about coming to the United States. You're like,
we were already have UBS. I don't know the actual
headquarters of the bank. UBS is considering a move to
the United States, and You're like, how in the world
(18:19):
does a Swiss bank move here? They've got all the
good banking rules. Well, they've got new capital requirements over there.
They have met with the Trump administration to prepare a
strategy shift that could include the acquisition of a US
bank or a merger. We want to continue to operate
as a successful global bank based out of Switzerland. However,
(18:42):
the Swiss proposals on capital requirements, as he calls them
punitive and excessive, said the bank would need to rethink
how it protects shareholders and stakeholder interests, although stakeholder is
a nonsense term. It's definitely too early to jump on
commenting on any potential scenario and what our responses will
be interesting. The Swiss government said, hey, UBS took over
(19:05):
Credit Sweez, there should be tougher controls and they should
have to hold twenty six billion dollars in core capital,
and what UBS is saying is come on, That's basically
what it is that they're saying. They're interesting interesting stuff. Also,
(19:28):
allow me to the people who want to scream cancel culture.
Regarding all of those people who are being called out
and losing their jobs, getting expelled from universities because they're
cheering the death of Charlie Kirk and showing themselves to
being really despicable people, I would say three things. First,
(19:55):
I have not called on anybody to be fired. Secondly,
I am not surprised that a company is completely rethinking
their social media policy when they have employees cheering somebody's murder.
It's pretty messed up. Carolina Panthers, MSNBC, NASDAQ, FEMA, They've
(20:16):
all carried out disciplinary actions against people cheering the death
of Charlie Kirk. The Secret Service the same thing. Delta
said employees who made social media posts about Kirk's murder.
Time of Delta Airlines were suspended, saying the post quote
went well beyond healthy, respectful debate. Some people are going
(20:36):
to say, I thought you you believed in free speech. Oh,
I absolutely do. I never said these people couldn't be
the most disgusting human beings on planet Earth. I never
once said they couldn't be the true embodiment of evil.
I didn't say that. Hannah Einbinder from the TV show
Hacks couldn't say f ice in Free Palestine while she's
(20:59):
accepting an Emmy f Ice. I mean, how hateful of
America does one have to be? And the answer is
Hannah Eymbinder is pretty hateful. If she thinks we shouldn't
have a rule of law and people here illegally and
committing murders should stay. If she thinks that somehow the
terrorists are worth supporting and not the people attacked by
(21:19):
the terrorists, which includes the people who live in Gaza.
But hey, some people are just terrible, which is why
you don't let your children date someone like Handa Erombinder,
and you don't let your children marry somebody like Hannah Ironmbinder.
I didn't say she couldn't say it. I said she
deals with the consequences. We all deal with the consequences. Booboo. Well,
(21:41):
so you support cancel culture. I'm not saying anybody should
be fired. These people, these businesses are and if you
don't want to shop those businesses anymore. Don't fight Delta.
It makes no difference to me. I don't think anybody
should buy room business that advertises on MSNBC. You think
we should be buying from businesses that's still advertise in
(22:01):
the New York Times. The New York Times, which in
one of the wather is an obituary of one of
their early columns about Charlie Kirk, referred to him as
an anti Semite. Look what he said, and then they
put out a correction the next day. Oh no, he
didn't say this. He was commenting on somebody else who
said this. You didn't have that right, and you call
yourself journalists. You did it on purpose. It's because that
(22:23):
the New York Times, you're the lowest people, and Barry
Weiss was right to leave you. You don't deserve love
or attention. And President Trump has to state that the
New York Times is no longer the paper of record,
and I'm not quite sure how that changes, but they're not.
They can't be the paper of record. That's over. You
(22:46):
don't think businesses are paying attention to what's happening here.
You don't think that that businesses are gonna note when
their employees are cheering murder. Teachers cheering murder, psychotics. You
should be very aware when a teacher is cheering murder.
(23:07):
You should be very aware when this is happening. So
therefore you can know when to pull your kid out
of that school. Every time a teacher cheers a murder.
Fifty thousand parents should pull their kids out of public schools.
Starve them economically. They don't get any money. We'll figure
(23:30):
out another way. We don't need you. You're not worth it, Teachers' Union.
Your teachers can't control themselves. They think they're too important,
They think their personalities matter too much. They don't matter.
The kids matter. A teacher cheers murder, fifty thousand kids
(23:52):
get pulled out of public schools across the country. They'll
learn now. It doesn't mean they'll be good people, certainly.
Speaker 2 (24:03):
You can.
Speaker 1 (24:04):
You can hope that they get the message just to
stay quiet and teach. Nobody wants to hear about their
personalities at all. Now, I'll get more into this on
Tony Kak say at noon, I'll catch you then
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