From the Indianapolis Star:
Driven by solid sales of its antidepressant Cymbalta, Indianapolis drugmaker Eli Lilly and Co. today said fourth-quarter profits grew to $854.4 million and 78 cents per share, beating many analysts’ estimates.
Earnings jumped six-fold from the same period in 2006, when Lilly recorded income of $132.3 million and 12 cents per share as it took a big charge to settle claims with patients who said they were harmed by Lilly’s Zyprexa schizophrenia drug.
But showing how little harmed it was by that publicity, Lilly said Zyprexa sales were again No. 1 in its sales lineup, accounting for $1.27 billion. Cymbalta was next up with $628.3 million. Overall, its sales increased 16 percent to $5.19 billion.
“Lilly completed a very successful year by continuing to deliver strong financial results to our shareholders in the fourth quarter,” said CEO and chairman Sidney Taurel. “Our additional investment in sales and marketing helped fuel accelerated double-digit sales growth.”
In the third district, U.S. Rep Mark Souder announced he is cosponsoring the Economic Growth Act of 2008. This act would allow businesses to fully expense assets at the time of purchase, reduce the top corporate tax rate from 35% to 25%, end capital gains on inflation, and simplify the capital gains rate structure. You can read more here.
Additionally, H/T to Blue Indiana and Fort Wayne Observed for picking up the news of Michael Montagano’s scheduled announcement that he will seek the democratic nomination for the congressional seat currently held by Souder.
In the fifth district, (stay with me here) Andre Carson, grandson of the late U.S. Rep. Julia Carson, will seek the democratic party’s nomination for the U.S. House in May. This will follow a special election in March, where he is seeking the same seat. In the March race, he will oppose Indiana State Rep. John Elrod. Because of the special election, it is entirely possible the two will oppose each other in elections in both March and November. Carson’s announcement is here.
In the ninth district, Mike Sodrel has filed to seek the republican nomination for the U.S. district representative seat. If successful, it will be the fourth time he and current incumbent Baron Hill have faced off. Sodrel lost the seat two years ago to Hill. You can read more here.
This from the Indianapolis Star. Sen. Evan Bayh will ask that an Indianapolis Post Office branch be named for the late U.S. Rep. Julia Carson. Here is the story:
U.S. Sen. Evan Bayh, D-Ind., announced Saturday that he plans to introduce legislation to rename the Mapleton annex post office in Indianapolis as the Julia M. Carson Post Office, in honor of the late congresswoman.
Carson advocated for the construction of the Mapleton branch, 2650 Dr. Martin Luther King Jr. St., which opened on July 15, 2005, and she attended the building’s dedication ceremony, Bayh’s office said in a news release.
Bayh plans to introduce the legislation when the Senate reconvenes Tuesday. Sen. Richard Lugar, R-Ind., has agreed to co-sponsor the bill, the release said.
Carson, a Democratic member of the U.S. House from Indianapolis, died Dec. 15 after a battle with lung cancer.
She served in public office for more than 35 years as a member of the state House of Representatives and state Senate and as Center Township trustee.
Here is another in a long list of articles about the opening of the prosecutor’s moble office at Phoenix apartments in Indianapolis. While the Blogmeister has supported the prosecutor’s office in their efforts to DO SOMETHING at the troubled site, it is unfortunate the Indianapolis Star continues to rerun the same news with different quotes, especially when we still don’t know who made the decision to return 3 year old TaJanay Bailey to her mother, who allegedly killed her at the site.
Regardless, here is a part of the story, which made the Blogmeister chuckle:
“I can’t force them to take advantage of these services, but I can sure encourage them,” Prosecutor Carl Brizzi said, standing in front of the portable office.
Soon after, Erica Andrews answered her door to find Brizzi and Indianapolis Mayor Greg Ballard standing in the stairwell. They gave her the first edition of a planned weekly newsletter, “Phoenix Rising,” that lists services offered in the trailer each weekday during business hours.
Andrews, 24, said later that she probably won’t have a reason to visit. But she appreciated the efforts from the prosecutor’s office, the Indianapolis Metropolitan Police Department and other organizations.
Hat tip to Blue Indiana for bringing SB 218 to the Blogmeister’s attention. This bill, authored by Sen. Vi Simpson (D-Elletsville) would establish a commission to study different systems of health care payment and make recommentations to the Governor and General Assembly.
Apparently the bill is having some difficulty getting a hearing in the Senate Health and Provider Services Committtee. Hoosiers for a Commonsense Health Plan, via Blue Indiana, are urging people to contact the Committee Chair, Sen. Patricia Miller (R-Indianapolis) and ask her to schedule the bill for a hearing.
From a press release issued by the Indiana House Democratic Caucus:
INDIANAPOLIS — During a ceremony just hours before the start of the 2008 legislative session, State Rep. John Bartlett (D-Indianapolis) was sworn in as Indiana’s newest lawmaker.
Bartlett, 59, will represent the residents of Indiana House District 95, which is located in the Northeast side of Indianapolis. He serves as a mid-term replacement for former State Rep. Mae Dickinson, who retired in December.
The Blogmeister wishes Rep. Bartlett well in his new position.
Here is what happened this week in the 7th Indiana U.S. House Distrct left vacant by the death of 6 term Democrat Julia Carson:
On the Democrat side, Indianpolis Council member (and grandson of Julia Carson) Andre Carson, Marion County Treasurer Michael Rodman, and Ice Miller Attorney Randle Pollard are the only three candidates to officially file their intention to run in the special election. Other expected Democratic candidates are state Reps. David Orentlicher, Gregory W. Porter and Carolene Mays of Indianapolis, former state party chairman Robin Winston and former state health commissioner Woody Myers. Advance Indiana reported Randle Pollard set up a blog to inform voters of his candidacy. The democrats will caucus on January 12 to choose their nominee for the special election. The deadline to file is Wednesday.
The Republicans will hold their caucus on January 13. State Rep. Jon Elrod of Indianapolis has announced his intention to run for the seat. But GOP party officials said no one had submitted the paperwork to run by Thursday, a week before the deadline. However, today the Indy Star is reporting, “Tom Rose, a public policy adviser to former Mayor Stephen Goldsmith” has filed the appropriate paperwork. The deadline to file is Thursday.
Neither party wanted to go without representation until the May primary, when Governor Daniels suggested the special election be held. The parties initially agreed on a March 1 date, but that date did not meet the statutory requirements. Later in the week they agreed to hold the election on March 11.
Confused? Your not the only one. However, the Indy Star Published this timeline to help:
Sources: Indy Star and Indy Star unless indicated above.