INDY METRO® » METRO http://www.indymetro.com Mon, 20 May 2013 11:13:32 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Chef Joseph’s Easter Brunch!-Sunday, March 31st http://www.indymetro.com/2013/03/01/chef-josephs-easter-brunch-sunday-march-31st/ http://www.indymetro.com/2013/03/01/chef-josephs-easter-brunch-sunday-march-31st/#comments Fri, 01 Mar 2013 14:31:40 +0000 editor http://www.indymetro.com/2013/03/01/chef-josephs-easter-brunch-sunday-march-31st/ Chef Joseph’s Easter Brunch!-Sunday, March 31st

Join them for their Annual Easter Brunch!

With delicious and special dishes prepared especially for Easter, their brunch is a fantastic experience for the entire family!

And at $28.95 for adults, $14.95 for tweens 8 – 12 and children 7 and under eat without charge!

Brunch is served from 10:30am – 2:30pm and space is limited, so make your reservation today at 317.600.3577 or by emailing john [at] chefjosephs [dot] com.

See the full menu here:  http://chefjosephs.com/events/

 

 

]]> http://www.indymetro.com/2013/03/01/chef-josephs-easter-brunch-sunday-march-31st/feed/ 0 Confessions of a card-carrying PETA member http://www.indymetro.com/2013/02/28/confessions-of-a-card-carrying-peta-member-2/ http://www.indymetro.com/2013/02/28/confessions-of-a-card-carrying-peta-member-2/#comments Thu, 28 Feb 2013 19:02:19 +0000 editor http://www.indymetro.com/?p=2054  

By Lori Lovely

Several years ago I wrote an article for a local newspaper about an animal rights issue and was bombarded with brutal attacks from readers deriding me as a “card-carrying PETA member,” as if that designation qualified me as someone not to be trusted or believed … or even heard.

Puzzled by the McCarthey-esque appendage, I checked my wallet to verify. Yes, there it was: my PETA membership card. That surprising fact confirmed, I attempted to figure out why we PETA members are so routinely condemned out of hand.

PETA (People for the Ethical Treatment of Animals) remains one of the most successful animal rights organizations in the world. With more than 2 million members and supporters, it is the world’s largest, but also one of the most controversial — with probably the biggest target on its back. Just the mention of its name can elicit derogatory comments and create silent enemies. So why am I a member and why is it so controversial?

I’m a member because PETA is the most successful animal rights organization in the world and I believe in what they do. Through public education, undercover investigations, research, animal rescue, lobbying for legislation, protests and other campaigns, they seek to improve the lives of animals — all animals. They seek to educate people by changing minds about animals and how we humans treat (and mistreat) them. That is a noble ambition and a worthwhile cause.

They are controversial, I believe, in part because people confuse them with more radical groups such as the Animal Liberation Front, and partly because of their deliberately provocative ad campaigns designed to attract attention and make people rethink their habits and actions.

I tend to ignore the marketing hype — as I do with most things — and focus on the goals and purpose of the organization. Titillating nearly-naked celebrity ads promoting vegetarianism neither convinced me nor dissuaded me from choosing a meatless lifestyle.

In the beginning: 1980

Often, a significant event causes a person to make a drastic change in lifestyle. The same year that Ingrid Newkirk founded PETA, I was a teenager who gave birth to my only child. Having always been an animal lover, my role as parent and protector of this innocent life suddenly changed my perspective on the lives around me. As I drove around the rural Midwest, I noticed four-legged mothers with their babies. It seemed to me those mothers loved their babies every bit as much as I loved mine. It was enough to inspire me to become a vegetarian.

But it wasn’t until years later that PETA began seeping into my vocabulary, and even longer before I became a member. It wasn’t until I moved away from my very small hometown and began to experience a broader world that I realized the actions of a single person could have an impact.

I started sending a small annual amount of money to PETA and a few other organizations, such as the APSCA, HSUS and WWF. I began buying products that weren’t tested on animals. Eventually, I stopped wearing leather — which wasn’t as difficult a transition as I had expected. I adopted animals from shelters and rescues instead of purchasing them from pet stores.

But I remained secretive and almost apologetic about my PETA affiliation, embarrassed by the backlash, the questions and the criticism.

Guilt by association

Conversely, the more I read, saw and experienced, the more committed to PETA I became. When business was good, I increased the size of my donation. When I suffered the loss of a companion animal, I made an extra contribution as a memorial. When business was bad, I eliminated donations to other causes in order to continue being able to afford contributing to PETA. I even became bold enough to put a PETA sticker on my truck window, for all the world to see.

But the only time I attended a PETA protest was as a journalist. I was horrified by the verbal barbs slung at these peaceful protestors. I agreed with everything they stood for that day and was impressed by their cheerful demeanor in the face of verbal assaults.

That doesn’t mean I blindly follow PETA’s dictates, as I have been accused of doing. I don’t agree with every tenet. I challenge all PETA detractors to honestly evaluate their chosen religion, political party or any other organization they support or group they belong to: few outside of the founders will agree with every single line item. And yet, there is enough basic agreement that people continue to support causes and affiliations.

Already a loyal PETA member, it wasn’t until I met Ingrid Newkirk, co-founder and CEO, that my real commitment began. Our initial relationship was professional: an interview in which I asked her the questions that were so frequently hurled at me: why did she kill so many abandoned pets? did she support ALF? was this truly a non-violent organization? Satisfied with her responses, I listened to her talk about animals.

As we became friends, she shared with me some of the horrors of animal abuse and neglect she regularly encountered on her travels and in her investigations.  I heard the sorrow and compassion in her voice. When we spent time together, I watched her politely interact with people and gently persuade them to be kinder to animals. This woman didn’t just talk the talk, she walked the walk. Every day and every encounter was an opportunity to change minds, to make life better for all animals.

A question of ethics

I continued learning from Ingrid by reading her books, my favorite of which is Making Kind Choices, an eye-opening guide to easy alternatives for everyday products that don’t involve animal cruelty.

Another simple lesson I learned was to use different language when discussing animals. It makes a difference. I no longer call myself a pet owner; I am an animal guardian, an animal caretaker. A subtle shift like this changes one’s outlook.

Animals have an inherent worth completely independent of their “usefulness” to humans. We have no intrinsic superiority that grants us authority to harm them for our benefit. Instead, we have a moral obligation to protect them.

Legally, the animals who live with me are still considered my property, but by viewing them as living, thinking, feeling beings with unique personalities and individual lives to lead, I treat them differently — and I believe others would treat the animals in their lives differently if they looked at them this way.

A voice for animals

PETA has been enormously influential in introducing such revolutionary, yet basic, ideas to the world. Their credo is simple: animals are not ours to eat, to wear, to experiment on, to use for entertainment or to abuse in any way. Animals have a right to live free from pain and suffering.

People often ask why animals should have rights, using exaggerated arguments against animal rights by bringing up ridiculous notions of animals voting or humans marrying animals. According to Peter Singer in his ground-breaking book Animal Liberation, the basic principle of equality doesn’t require identical (equal) treatment; it requires equal consideration. Animals have the same ability to suffer as humans do. They feel pain, fear, loneliness, happiness and love, just as we do. We have no right to inflict pain or neglect their needs.

No longer afraid of the reaction to my support of PETA, I now distribute their Vegetarian Starter Kits and express my opinion, publicly and privately but always politely, about hunting, fishing, circuses and zoos, laboratory testing, hoarding in the name of rescue and animal rights as well as animal welfare. In the end, my rebuttal to all those who question my PETA affiliation is: what do you have against treating animals ethically?

]]> http://www.indymetro.com/2013/02/28/confessions-of-a-card-carrying-peta-member-2/feed/ 0 Indiana Business Bancorp Reports Results of Operations for the Quarter and Year Ended December 31, 2012 http://www.indymetro.com/2013/02/28/indiana-business-bancorp-reports-results-of-operations-for-the-quarter-and-year-ended-december-31-2012/ http://www.indymetro.com/2013/02/28/indiana-business-bancorp-reports-results-of-operations-for-the-quarter-and-year-ended-december-31-2012/#comments Thu, 28 Feb 2013 13:55:22 +0000 editor http://www.indymetro.com/2013/02/28/indiana-business-bancorp-reports-results-of-operations-for-the-quarter-and-year-ended-december-31-2012/ Indiana Business Bancorp Reports Results of Operations for the       Quarter and Year Ended December 31, 2012

INDIANAPOLIS–()–Indiana Business Bancorp (OTCBB: IBBI), the holding company for Indiana       Business Bank, announced results for the quarter and year ended December       31, 2012.

“Our staff is pleased that       2012 results improved upon a strong 2011 performance. Although most in       our industry are fighting shrinking net interest margins, our ability to       maintain yield and decrease our cost of funds, allows us to maintain a       margin that was better than most of our peers.”

The company recorded a profit of $340,724 or $.23 per share and $862,085       or $.57 per share for the quarter and year ended December 31, 2012. Net       income includes recognition of a tax benefit in the amount of $100,000       for the quarter and $250,000 for the year from the carryover of net       operating losses. Pre-tax profit was $240,724 and $612,085 for the       quarter and year ended December 31, 2012. Pre-tax performance for the       2012 periods reflects improvements of 18.5% and 11.5% over the year       earlier periods, respectively.

The improvement in profits for the year is due primarily to lower credit       costs and increased net interest income. The net interest margin       improved from 4.04% in 2011 to 4.65% in 2012, despite a lower level of       earning assets, due to a 40 basis point reduction in the cost of funds       and a 20 basis point improvement in the yield on earning assets.

Non-interest income for the year was $408,964, compared to $555,177 in       2011. The difference is almost completely attributed to the variance in       gains recorded from the sale of Small Business Administration (SBA)       loans. In 2011, the company reported substantial gains from the sale of       two large loans from a single borrower. Gains on sale of SBA loans       totaled $293,718 in 2012 and $440,876 in 2011.

Non-interest expense (generally salaries and other operating expenses)       increased by 3% compared to the previous year. The increase is due to       higher salary levels reflecting annual merit increases and the higher       cost of employee benefits. The majority of remaining expense categories       were flat or below 2011 levels.

The provision for loan loss declined from $515,000 during 2011 to       $278,000 during 2012. The reduced provision expense for the year       reflects the improved credit profile of the loan portfolio and lower       loan balances. At December 31, 2012, the allowance for loan losses was       $1,210,763, which represented 2.35% of total loans.

Non-accrual loans, Other Real Estate Owned (OREO) and renegotiated loans       totaled $4,851,280 at December 31, 2012, which reflected a 17% reduction       from December 31, 2011. Non-performing assets, which consist of       non-accrual loans, OREO, and loans past due more than 90 days were       $2,018,135 at year end, which reflected a 46% reduction from the prior       year.

All of the Bank’s capital ratios substantially exceeded the amounts       needed to be considered “well capitalized” at December 31, 2012.

President and CEO, James S. Young stated, “Our staff is pleased that       2012 results improved upon a strong 2011 performance. Although most in       our industry are fighting shrinking net interest margins, our ability to       maintain yield and decrease our cost of funds, allows us to maintain a       margin that was better than most of our peers.” Young added, “We will       continue to work toward achieving improvements in the credit risk aspect       of our business by working with borrowers. We believe 2013 will be       challenging but expect, and have planned for, quality growth throughout       the year.”

About Indiana Business Bancorp and Indiana       Business Bank

Indiana Business Bancorp is a bank holding company whose operations are       conducted through its subsidiary, Indiana Business Bank, a       state-chartered, locally-owned and managed commercial bank formed for       the purpose of providing highly-personalized banking services for small       to medium-sized businesses, their owners and professional services firms       in the Indianapolis, Indiana metropolitan area. The Bank provides a full       line of commercial banking loan, deposit, and cash management services       that are delivered in a highly personalized manner by experienced       banking professionals. The Bank specializes in serving the commercial       and consumer banking needs of small to medium sized businesses and their       owners, and professionals located primarily throughout Central Indiana.

We routinely post important information for investors on our website, http://www.indianabb.com,       in the “About” section under “Investor Relations”. We intend to use this       website as a means of providing financial and other information to       investors and other interested parties. Accordingly, investors should       monitor our website, in addition to following our press releases and       other presentations. The information contained on, or that may be       accessed through, our website is not incorporated by reference into, and       is not a part of, this document.

“Safe Harbor” Statement under the Private Securities Litigation       Reform Act of 1995: Statements in this press release regarding Indiana       Business Bank and Indiana Business Bancorp’s business which are not       historical facts are “forward-looking statements” that involve risks and       uncertainties which may cause actual results to differ materially from       expected results, including: the impact of a slowdown or recession on       our borrowing customers; volatility in the financial markets; general,       regional and local economic conditions and their effect on interest       rates; competition among banks and other financial intermediaries within       the Indianapolis metropolitan market; risks that borrowers may default       on their loans; and changes in regulations and accounting policies       affecting financial institutions.

FINANCIAL SUMMARY FOR INDIANA BUSINESS BANCORPUNAUDITED
As of and for the Three Months Ended December 31 As of and for the Twelve Months Ended December 31
Operating Data 2012 2011 2012 2011
          Net Interest Income           736,865           734,356           2,899,383           2,827,927
          Provision for Loan Losses           40,000           55,000           278,000           515,000
          Noninterest Income           177,303           76,975           408,964           555,177
          Noninterest Expense           633,444           553,138           2,418,262           2,343,914
            Pre Tax Net Income           240,724           203,193           612,085           549,190
Def Tax Benefit           100,000           250,000           250,000           250,000
After Tax Net Income           340,724           453,193           862,085           799,190
Per Share Data
          Net Earnings per share           .23           .30           .57           .53
            Weighted Average Shares Outstanding             1,510,093             1,507,341             1,510,093             1,507,341
As of
Balance Sheet Data December 31, 2012 December 31, 2011
          Total Assets           64,833,104           65,567,929
          Net Loans           50,187,588           52,818,804
          Allowance for Loan Losses           1,210,763           1,468,949
          Investment Securities           5,477,028           3,474,450
          Total Deposits           50,262,609           52,501,674
          Total Shareholders’ Equity           9,804,269           8,926,659
]]> http://www.indymetro.com/2013/02/28/indiana-business-bancorp-reports-results-of-operations-for-the-quarter-and-year-ended-december-31-2012/feed/ 0 Republic Airways Holdings Reports Quarterly and Full Year 2012 Net Income http://www.indymetro.com/2013/02/28/republic-airways-holdings-reports-quarterly-and-full-year-2012-net-income/ http://www.indymetro.com/2013/02/28/republic-airways-holdings-reports-quarterly-and-full-year-2012-net-income/#comments Thu, 28 Feb 2013 13:48:33 +0000 editor http://www.indymetro.com/2013/02/28/republic-airways-holdings-reports-quarterly-and-full-year-2012-net-income/ Republic Airways Holdings Reports Quarterly and Full Year 2012 Net       Income

INDIANAPOLIS–()–Republic Airways Holdings Inc. (NASDAQ: RJET) today reported full year       2012 net income of $51.3 million, or $1.02 per diluted share, a $203.1       million improvement from our full year 2011 results of a net loss of       $151.8 million, or $3.14 per diluted share. The Company also reported       fourth quarter 2012 net income of $12.6 million, or $0.25 per diluted       share, a $136.1 million improvement over the fourth quarter 2011 net       loss of $123.5 million, or $2.55 per diluted share.

“We’re pleased with the solid financial improvement we experienced in       2012”

“We’re pleased with the solid financial improvement we experienced in       2012,” said Republic Airways Holdings Chairman, President and CEO Bryan       Bedford. “Our restructuring efforts in 2011 laid the foundation for       Frontier to return to profitability in 2012, despite higher fuel costs.       Our 50-seat RJ restructuring effort completed last October enabled us to       return all of our idled aircraft to fixed-fee service with our partners       and significantly reduced the financial burden associated with our       Chautauqua operation.”

The Company incurred the following items             in 2012: Segment Pre-tax amount Period
* Loss on sale of E190s           Republic           $11.2 million           3Q-12
* Gain on sale of slots           Republic           ($8.3) million           3Q-12
* Professional and legal fees related to restructuring           Republic           $4.3 million           4Q-12
* Restructuring and fleet transition expenses           Frontier           $15.5 million           4Q-12
* Frequent flyer adjustment to passenger revenue           Frontier           ($9.8) million           4Q-12
The Company incurred the following items             in 2011: Segment Pre-tax amount Period
* Fleet transition expenses           Republic           $9.1 million           4Q-11
* Impairment of fleet asset values           Republic           $191.1 million           4Q-11
* Fleet transition expenses           Frontier           $32.3 million           4Q-11

Note: The amounts reported below for pre-tax income (loss) and net       income (loss) exclude the impact of the items listed above. Please refer       to the schedules at the end of this release for a tabular reconciliation       of the Company’s GAAP pre-tax and after tax income (loss) to the ex-tem       pre-tax and after-tax income (loss) and diluted earnings per share.

Consolidated Results (ex-items) Excluding       the items listed above, the Company reported 2012 full year net income       of $59.0 million, or $1.15 per diluted share, as compared to a 2011 full       year net loss of $6.2 million, or $0.13 per diluted share. For the       fourth quarter of 2012 the Company reported net income of $18.5 million,       or $0.35 per diluted share, as compared to the fourth quarter 2011 net       income of $20.7 million, or $0.41 per diluted share.

Business Segment Presentation The       Company has adjusted its presentation of business segments in 2012 and       has revised the prior year’s information to conform to the current       period segment presentation. Reportable segments now consist of Republic       and Frontier. The Republic segment includes all regional flying       performed by sub-100-seat aircraft operating under either fixed-fee or       pro-rate agreements, subleasing activities, regional charter operations       as well as the cost of any unassigned regional aircraft. The Frontier       segment includes passenger service revenues and expenses for operating       Frontier’s Airbus fleet, as well as its charter and cargo operations.

Republic Segment Summary (ex-items) Revenues       for the year decreased 10.2% to $1,377.4 million. This was a result of a       change in the mix of flying between pro-rate and fixed-fee operations       and a $48.2 million reduction in fuel-related revenue under Republic’s       fixed-fee agreements. Pre-tax income improved nearly 31% to $69.5       million for the year ended December 31, 2012, compared to $53.1 million       for the prior year.

For the quarter, revenues decreased 8.9%, or $31.9 million to $327.4       million, compared to the prior year’s fourth quarter, due primarily to a       decrease of $23.3 million in fuel reimbursement under Republic’s       fixed-fee agreements. Effective July 1, 2012, Republic no longer records       fuel expense and does not recognize fuel-related pass-through revenue       under any of its fixed-fee agreements. The remainder of the decrease in       revenue is due to the increase of Republic’s fixed-fee operations and       reduction in pro-rate flying with Frontier.

Income before taxes was $24.1 million for the quarter, compared to       pre-tax income of $23.3 million for the prior year’s fourth quarter.       Fuel costs for Republic were $21.8 million for the quarter, a decrease       of $38.5 million from the prior year’s fourth quarter, due to both the       removal of fuel expense under Republic’s fixed-fee agreement with United       and a reduction in pro-rate operations with Frontier. The price per       gallon increased 9.1% from $3.19 in the fourth quarter of 2011 to $3.48       in the fourth quarter of 2012.

As of December 31, 2012, Republic operated 70 aircraft with 44-50 seats       and 143 aircraft with 69-80 seats to support its fixed-fee commercial       agreements. Additionally, Republic operated one aircraft with 50 seats       and 12 aircraft with 99 seats under pro-rate agreements with Frontier.

Frontier Segment Summary (ex-items) Frontier       revenues for the year increased 7.0% to $1,423.7 million. On a 1.1%       increase in capacity, unit revenues increased 5.8% to 11.96¢ from       11.30¢. Frontier’s pre-tax income improved $92.6 million to $29.6       million of income for 2012 compared to a pre-tax loss of $63.0 million       for 2011.

For the quarter, decreased 1.1% to $334.9 million, compared to $338.5       million for the same period in 2011. Total revenue per ASM (“TRASM”) was       11.88¢, an increase of 2.9% from the same quarter in 2011, while       capacity on Frontier decreased 4.0% from the prior year’s fourth       quarter. Load factor for the fourth quarter was 88.9%, an increase of       0.7% from the fourth quarter of 2011.

For the quarter, Frontier posted pre-tax income of $7.3 million compared       to pre-tax income of $10.1 million for the prior year’s fourth quarter.       Fuel costs for Frontier were $128.2 million for the quarter, a decrease       of $0.8 million from the prior year’s fourth quarter. The fuel cost per       gallon, including into-plane taxes and fees, increased 6.5% to $3.42 for       the fourth quarter of 2012, compared to $3.21 for last year’s fourth       quarter. The fourth quarter results include an expense on fuel hedges of       $0.5 million, or $0.01 per gallon, while the 2011 results include a       benefit of $3.5 million, or $0.09 per gallon. Frontier has approximately       15% of its anticipated fuel consumption hedged through the second       quarter of 2013.

Frontier’s operating unit cost was 7.03¢ for the quarter, a 3.4%       increase compared to 6.80¢ for the same quarter in 2011.

As of December 31, 2012, Frontier operated a total of 55 Airbus aircraft       versus 60 Airbus aircraft as of December 31, 2011.

Recent Business Developments During       the fourth quarter of 2012, the Company completed the restructuring of       its 50-seat platform, Chautauqua Airlines, Inc. As a result of the       restructuring, the Company expects to realize, on average, $45.0 million       of cash flow improvement per year for the next five years and has       reduced its aircraft rent and depreciation expense on its 50-seat       aircraft. In addition, in order to finalize the restructuring, the       Company issued a $25.0 million convertible note to one of the third       parties involved in the restructuring. The note bears interest at a rate       of 6.0% per annum and is convertible into 2.5 million shares of Republic       Airways Holdings Inc. common stock.

On January 24, 2013, the Company entered into a capacity purchase       agreement (“CPA”) with American Airlines which is subject to bankruptcy       court approval. American filed a motion for approval of the CPA to be       heard before the court on February 14, 2013. The hearing on that motion       was subsequently adjourned until February 26, 2013. On February 14,       2013, US Airways and American Airlines announced a merger agreement. On       February 21, 2013, the hearing on American’s motion to approve the CPA       between the Company and American was adjourned to March 12, 2013.

On February 8, 2013, the Company announced the transition of nine E145       aircraft flying on Chautauqua Airlines, Inc. from US Airways to Delta       under separate amendments. The US Airways amendment provides for       termination of the current aircraft operating under the Jet Service       Agreement by July 2013. The Delta amendment extends the current term for       certain aircraft, as well as adds ten aircraft into service during 2013.

Balance Sheet and Liquidity The       Company’s total cash balance increased $23.6 million to $394.3 million       as of December 31, 2012, compared to December 31, 2011. Restricted cash       decreased $4.3 million, to $147.1 million, from December 31, 2011. The       Company’s unrestricted cash balance increased $27.9 million, to $247.2       million, from December 31, 2011. A condensed cash flow statement has       been provided in the tables section of this release.

The Company’s debt decreased to $2.12 billion as of December 31, 2012,       compared to $2.36 billion at December 31, 2011. As of December 31, 2012,       almost 90% of the total debt is at a fixed interest rate. The Company       has significant long-term lease obligations for aircraft that are       classified as operating leases and are not reflected as liabilities on       the Company’s consolidated balance sheet. At a 6.0% discount factor, the       present value of these lease obligations was approximately $1.0 billion       and $1.2 billion as of December 31, 2012 and 2011, respectively. A       condensed balance sheet as of December 31, 2012 and 2011 has been       provided in the tables section of this release.

Corporate Information Republic       Airways Holdings Inc., based in Indianapolis, Indiana, is an airline       holding company that owns Chautauqua Airlines, Frontier Airlines,       Republic Airlines and Shuttle America, collectively “the airlines.” The       airlines operate a combined fleet of more than 280 aircraft and offer       scheduled passenger service on nearly 1,500 flights daily to over 145       cities in the U.S. as well as to the Bahamas, Canada, Costa Rica,       Dominican Republic, Jamaica, Mexico and Turks and Caicos Islands under       branded operations at Frontier, and through fixed-fee flights operated       under airline partner brands, including AmericanConnection, Continental       Express, Delta Connection, United Express, and US Airways Express. The       airlines currently employ approximately 10,000 aviation professionals.       For more information on Republic Airways, please visit our website at www.rjet.com.

The Company will conduct a telephone briefing to discuss its fourth       quarter and full year 2012 results tomorrow morning (Thursday, February       28, 2013) at 10:30 a.m. EST. This call is being webcast by       Thomson/Reuters and can be accessed at Republic Airways Holdings’       website at www.rjet.com.       Those wishing to participate can do so by calling 800-901-5259.       International callers can participate by calling +1-617-786-4514; the       password is 80290913.

Additional Information In       addition to historical information, this release contains       forward-looking statements. Republic Airways Holdings Inc. may, from       time to time, make written or oral forward-looking statements within the       meaning of the Private Securities Litigation Reform Act of 1995. Such       statements encompass Republic Airways’ beliefs, expectations, hopes or       intentions regarding future events. Words such as “expects,” “intends,”       “believes,” “anticipates,” “may,” “will,” “should,” “plan,” “estimate,”       “predict,” “potential,” “continue,” or “likely” and similar expressions       as well as the negative of such expressions are used to identify       forward-looking statements. All forward-looking statements included in       this release are made as of the date hereof and are based on information       available to Republic Airways as of such date. Republic Airways assumes       no obligation to update any forward-looking statement. Actual results       may vary, and could differ materially, from those anticipated,       estimated, projected or expected in these forward-looking statements for       a number of reasons, including, among others, the risk factors disclosed       in the Company’s most recent filing with the Securities and Exchange       Commission.

REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except per share amounts)
(Unaudited)
Three Months Ended December 31, Years Ended December 31,
2012 2011 Change 2012 2011 Change
          OPERATING REVENUES
          Fixed-fee service           $           273.4           $           270.1           1.2           %           $           1,102.1           $           1,079.0           2.1           %
          Passenger service           366.4           402.8 -9.0           %           1,556.8           1,694.5 -8.1           %
          Charter and other           32.3           24.9           29.7           %           152.0           91.0           67.0           %
          Total operating revenues           672.1           697.8 -3.7           %           2,810.9           2,864.5 -1.9           %
          OPERATING EXPENSES
          Wages and benefits           141.8           134.7           5.3           %           562.3           560.6           0.3           %
          Aircraft fuel           150.0           187.7 -20.1           %           693.7           821.1           -15.5           %
          Landing fees and airport rents           40.1           41.7           -3.8           %           169.7           167.7           1.2           %
          Aircraft and engine rent           57.1           57.7           -1.0           %           243.2           251.5           -3.3           %
          Maintenance and repair           70.9           68.4           3.7           %           296.3           297.2           -0.3           %
          Insurance and taxes           7.4           9.7           -23.7           %           38.1           42.1           -9.5           %
          Depreciation and amortization           47.3           48.6           -2.7           %           190.6           200.2           -4.8           %
          Promotion and sales           23.8           27.9           -14.7           %           110.5           133.6 -17.3           %
          Other impairment charges - 191.1 -100.0           % - 191.1 -100.0           %
          Other           81.6           96.4 -15.4           %           293.6           305.0 -3.7           %
          Total operating expenses           620.0           863.9 -28.2           %           2,598.0           2,970.1 -12.5           %
          OPERATING INCOME (LOSS)           52.1           (166.1           )           131.4           %           212.9           (105.6           )           301.6           %
          OTHER INCOME (EXPENSE)
          Interest expense           (30.8           )           (33.1           )           6.9           %           (127.0           )           (137.3           )           7.5           %
          Other – net           0.1           0.1           0.0           %           0.3           0.5 -40.0           %
          Total other expense           (30.7           )           (33.0           )           7.0           %           (126.7           )           (136.8           )           7.4           %
          INCOME (LOSS) BEFORE INCOME TAXES           21.4           (199.1           )           110.7           %           86.2           (242.4           )           135.6           %
          INCOME TAX EXPENSE (BENEFIT)           8.8           (75.6           )           111.6           %           34.9           (90.6           )           138.5           %
          NET INCOME (LOSS)           $           12.6           $           (123.5           )           110.2           %           $           51.3           $           (151.8           )           133.8           %
          PER SHARE, BASIC           $           0.26           $           (2.55           )           110.2           %           $           1.06           $           (3.14           )           133.8           %
          PER SHARE, DILUTED           $           0.25           $           (2.55           )           109.8           %           $           1.02           $           (3.14           )           132.5           %
          Weighted average common shares
          Basic           48.5           48.4           48.5           48.2
          Diluted           52.7           48.4           51.4           48.2
REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except share and per share amounts)
(Unaudited)
December 31, December 31,
2012 2011
          ASSETS
          Current Assets:
          Cash and cash equivalents           $           247.2           $           219.3
          Restricted cash           147.1           151.4
          Receivables, net of allowance for doubtful accounts of $2.9 and           $0.6, respectively           79.5           89.0
          Inventories, net           86.5           101.8
          Prepaid expenses and other current assets           44.4           64.2
          Assets held for sale - 33.0
          Deferred income taxes           31.3           35.3
          Total current assets           636.0           694.0
          Aircraft and other equipment, net           2,546.7           2,808.7
          Maintenance deposits           170.0           146.0
          Other intangible assets, net           65.0           86.5
          Other assets           237.5           166.5
          Total assets           $           3,655.2           $           3,901.7
          LIABILITIES AND STOCKHOLDERS’ EQUITY
          Current Liabilities:
          Current portion of long-term debt           $           276.2           $           284.6
          Accounts payable           29.8           43.9
          Air traffic liability           146.6           179.5
          Deferred frequent flyer revenue           54.8           68.2
          Accrued liabilities           238.8           258.8
          Total current liabilities           746.2           835.0
          Long-term debt, less current portion           1,843.3           2,074.5
          Deferred frequent flyer revenue, less current portion           57.8           68.1
          Deferred credits and other non-current liabilities           109.8           110.4
          Deferred income taxes           384.6           353.2
          Total liabilities           3,141.7           3,441.2
          Commitments and Contingencies
          Stockholders’ Equity:
          Preferred stock, $.001 par value; 5,000,000 shares authorized; no           shares issued or outstanding -           -
Common stock, $.001 par value; one vote per share; 150,000,000           shares authorized; 58,529,449 and 58,097,574 shares issued and           48,558,312 and 48,412,516 shares outstanding, respectively -           -
Additional paid-in-capital           412.1           409.4
          Treasury stock, 9,333,266 shares at cost           (181.8           )           (181.8           )
          Accumulated other comprehensive loss           (5.0           )           (4.0           )
          Accumulated earnings           288.2           236.9
          Total stockholders’ equity           513.5           460.5
          Total liabilities and stockholders’ equity           $           3,655.2           $           3,901.7
REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
Years ended December 31,
2012 2011
          NET CASH FROM OPERATING ACTIVITIES           $           255.6           $           131.5
          INVESTING ACTIVITIES:
          Purchase of aircraft and other equipment           (35.7           )           (105.9           )
          Proceeds from sale of aircraft, slots and other assets           84.3           142.3
          Aircraft deposits, net           (8.0           )           (10.4           )
          Other, net           (3.4           )           (2.4           )
          NET CASH FROM INVESTING ACTIVITIES           $           37.2           $           23.6
          FINANCING ACTIVITIES:
          Payments on debt           (216.1           )           (208.5           )
          Proceeds from debt issuance           3.7           70.7
          Payments on early extinguishment of debt           (52.0           )           (88.0           )
          Other, net           (0.5           )           (1.2           )
          NET CASH FROM FINANCING ACTIVITIES           $           (264.9           )           $           (227.0           )
          NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS           $           27.9           $           (71.9           )
          CASH AND CASH EQUIVALENTS, Beginning of period           $           219.3           $           291.2
          CASH AND CASH EQUIVALENTS, End of period           $           247.2           $           219.3
REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
UNAUDITED OPERATING HIGHLIGHTS
Three Months Ended December 31,
Operating Highlights – Republic1 2012 2011 Change
          Total revenues (millions)           $           327.4           $           359.3           -8.9           %
          Total fuel expense (millions)2           $           21.8           $           60.3           -63.8           %
          Operating aircraft at period end:
          37-50 seats3           71           73           -2.7           %
            69-99 seats4           155           148           4.7           %
          Block hours           176,079           174,062           1.2           %
          Departures           102,662           102,338           0.3           %
          Passengers carried           5,163,017           4,912,182           5.1           %
          Revenue passenger miles (millions)           2,560           2,474           3.5           %
          Available seat miles (millions)           3,294           3,358           -1.9           %
          Passenger load factor           77.7           %           73.7           %           4.0 pts
          Total cost per available seat mile, including interest expense and           excluding items (cents)6           9.21           10.01           -8.0           %
          Cost per available seat mile, including interest and excluding fuel           expense and excluding items (cents)6           8.55           8.21           4.1           %
          Gallons consumed           6,272,203           18,936,470           -66.9           %
          Average cost per gallon           $           3.48           $           3.19           9.1           %
          Average daily utilization of each scheduled aircraft (hours)           9.3           9.7 -4.1           %
          Average stage length           482           490 -1.6           %
          Average seat density           67           67           0.0           %
Operating Highlights – Frontier1
          Total revenues (millions)7           $           334.9           $           338.5 -1.1           %
          Total fuel expense (millions)           $           128.2           $           127.4           0.6           %
          Operating aircraft at period end:
          120 seats           2           4 -50.0           %
          136-138 seats           37           41 -9.8           %
          162-168 seats           16           15           6.7           %
          Passengers carried           2,596,521           2,731,199           -4.9           %
          Revenue passenger miles (millions)           2,505           2,588           -3.2           %
          Available seat miles (millions)           2,818           2,934           -4.0           %
          Passenger load factor           88.9           %           88.2           %           0.7 pts
          Total revenue per available seat mile (cents)7           11.88           11.54           2.9           %
          Operating cost per available seat mile (cents)5,8           11.58           11.15           3.9           %
            Fuel cost per available seat mile (cents)5           4.55           4.34           4.8           %
          Cost per available seat mile, excluding fuel expense (cents)8           7.03           6.80           3.4           %
          Gallons consumed           37,478,548           39,745,972           -5.7           %
          Average cost per gallon5           $           3.42           $           3.21           6.5           %
          Block hours           50,662           54,242           -6.6           %
          Departures           20,587           22,102           -6.9           %
          Average daily utilization of each scheduled aircraft (hours)           10.5           10.5           0.0           %
          Average stage length           946           935           1.2           %
          Average seat density           145           142           2.1           %
1 See business segment presentation discussion for             information regarding our change in segments.
2 Includes $23.3 million for the three months ended           December 31, 2011, which was passed-through under our fixed-fee           agreements with our partners.
3 Includes one aircraft and eleven aircraft as of           December 31, 2012 and 2011, respectively, that were unassigned.
4 Includes three aircraft as of December 31, 2011 that             were unassigned.
5 Includes mark-to-market fuel hedge expense of $0.5           million and benefit of $3.5 million for the three months ended           December 31, 2012 and 2011, respectively.
6 Excludes $4.3 million and $200.2 million items for the           three months ended December 31, 2012 and 2011, respectively.
7 Excludes $9.8 million of items for the three months           ended December 31, 2012.
8 Excludes $15.5 million and $32.3 million of items for           the three months ended December 31, 2012 and 2011, respectively.
REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
UNAUDITED OPERATING HIGHLIGHTS
Years Ended December 31,
Operating Highlights – Republic1 2012 2011 Change
          Total revenues (millions)           $           1,377.4           $           1,534.0 -10.2           %
          Total fuel expense (millions)2           $           161.4           $           303.3 -46.8           %
          Operating aircraft at period end:
          37-50 seats3           71           73 -2.7           %
          69-99 seats4           155           148           4.7           %
          Block hours           701,040           731,440           -4.2           %
          Departures           409,058           429,564           -4.8           %
          Passengers carried           20,112,289           20,773,219           -3.2           %
          Revenue passenger miles (millions)           10,120           10,691           -5.3           %
          Available seat miles (millions)           13,437           14,449           -7.0           %
          Passenger load factor           75.3           %           74.0           %           1.3 pts
          Total cost per available seat mile, including interest expense and           excluding impairment (cents) 6           9.73           10.25           -5.1           %
          Cost per available seat mile, including interest and excluding fuel           expense and excluding impairment (cents) 6           8.53           8.15           4.7           %
          Gallons consumed           48,842,044           91,890,705           -46.8           %
          Average cost per gallon           $           3.30           $           3.30           0.0           %
          Average daily utilization of each scheduled aircraft (hours)           9.8           9.9           -1.0           %
          Average stage length           469           498 -5.8           %
          Average seat density           67           68 -1.5           %
Operating Highlights – Frontier1
          Total revenues (millions) 7           $           1,423.7           $           1,330.5           7.0           %
          Total fuel expense (millions)           $           532.3           $           517.8           2.8           %
          Operating aircraft at period end:
          120 seats           2           4           -50.0           %
          136-138 seats           37           41           -9.8           %
          162-168 seats           16           15           6.7           %
          Passengers carried           10,700,669           10,583,331           1.1           %
          Revenue passenger miles (milllions)           10,579           10,271           3.0           %
          Available seat miles (millions)           11,908           11,779           1.1           %
          Passenger load factor           88.8           %           87.2           %           1.6 pts
          Total revenue per available seat mile (cents) 7           11.96           11.30           5.8           %
          Operating cost per available seat mile (cents)5,8           11.66           11.77           -0.9           %
          Fuel cost per available seat mile (cents)5           4.47           4.40           1.6           %
          Cost per available seat mile, excluding fuel expense (cents)8           7.19           7.38           -2.6           %
          Gallons consumed           158,361,595           159,145,671           -0.5           %
          Average cost per gallon5           $           3.36           $           3.25           3.4           %
          Block hours           214,494           219,359           -2.2           %
          Departures           85,328           87,938           -3.0           %
          Average daily utilization of each scheduled aircraft (hours)           11.0           11.2           -1.8           %
          Average stage length           976           957           2.0           %
          Average seat density           143           140           2.1           %
1 See business segment presentation discussion for             information regarding our change in segments.
2 Includes $48.2 million and $102.5 million for the year           ended December 31, 2012 and 2011, respectively, which was           passed-through under our fixed-fee agreements with our partners.
3 Includes one aircraft and eleven aircraft as of           December 31, 2012 and 2011, respectively, that were unassigned.
4 Includes three aircraft as of December 31, 2011 that           were unassigned.
5 Includes mark-to-market fuel hedge expense of $2.2             million and benefit of $(3.8) million for the year ended December             31, 2012 and 2011, respectively.
6 Excludes $7.2 million and $200.2 million items for the           year ended December 31, 2012 and 2011, respectively.
7 Excludes $9.8 million of items for the year ended           December 31, 2012.
8 Excludes $15.5 million and $32.3 million of items for           the year ended December 31, 2012 and 2011, respectively.

Reconciliation of GAAP to non-GAAP measures:

The following tables present the reconciliation of results on a GAAP       basis to the reported ex-item results for the three months and full       years ended December 31, 2012 and 2011:

Three months ended Dec. 31, 2012
Pre-tax by Segment After-tax Diluted Earnings
          ($ in millions) Republic Frontier Consolidated Consolidated Per share
          GAAP income           $           19.8           $           1.6           $           21.4           $           12.6           $           0.25
          Adjustments:
          Restructuring and fleet transition expenses           4.3           15.5           19.8           11.7           0.21
          Frequent flyer adjustment1           (9.8           )           (9.8           )           (5.8           )           (0.11           )
          Ex-item income           $           24.1           $           7.3           $           31.4           $           18.5           $           0.35

1 Additional revenue related to the change in expiration of       mileage earned under its frequent flyer program from 24 to 18 months

Year ended Dec. 31, 2012
Pre-tax by Segment After-tax Diluted Earnings
          ($ in millions) Republic Frontier Consolidated Consolidated Per share
          GAAP income           $           62.3           $           23.9           $           86.2           $           51.3           $           1.02
          Adjustments:
          Restructuring and fleet transition expenses           4.3           15.5           19.8           11.8           0.21
          Loss, net on sale of assets           2.9           2.9           1.7           0.03
          Frequent flyer adjustment1           (9.8           )           (9.8           )           (5.8           )           (0.11           )
          Ex-item income           $           69.5           $           29.6           $           99.1           $           59.0           $           1.15

1 Additional revenue related to the change in expiration of       mileage earned under its frequent flyer program from 24 to 18 months

Three months ended Dec. 31, 2011
Pre-tax by Segment After-tax Diluted Earnings
          ($ in millions) Republic Frontier Consolidated Consolidated Per share
          GAAP income (loss)           $           (176.9           )           $           (22.2           )           $           (199.1           )           $           (123.5           )           $           (2.55           )
          Adjustments:
          Restructuring and fleet transition expenses           9.1           32.3           41.4           25.7           0.51
          Non-recurring impairment           191.1 - 191.1           118.6           2.46
          Ex-item income           $           23.3           $           10.1           $           33.4           $           20.7           $           0.41
Year ended Dec. 31, 2011
Pre-tax by Segment After-tax Diluted Earnings
          ($ in millions) Republic Frontier Consolidated Consolidated Per share
          GAAP income (loss)           $           (147.1           )           $           (95.3           )           $           (242.4           )           $           (151.8           )           $           (3.14           )
          Adjustments:
          Restructuring and fleet transition expenses           9.1           32.3           41.4           25.9           0.54
          Non-recurring impairment           191.1 - 191.1           119.7           2.48
          Ex-item income (loss)           $           53.1           $           (63.0           )           $           (9.9           )           $           (6.2           )           $           (0.13           )
Three months ended Dec. 31, 2012 Twelve months ended Dec. 31, 2012
          ($ in millions) Frontier TRASM (cents) Frontier TRASM (cents)
          GAAP revenue           $           344.7           12.23           $           1,433.5           12.04
          Adjustments:
          Frequent flyer adjustment1           (9.8           )           (0.35           )           (9.8           )           (0.08           )
          Ex-item revenue           $           334.9           11.88           $           1,423.7           11.96

1 Additional revenue related to the change in expiration of       mileage earned under its frequent flyer program from 24 to 18 months

Three months ended Dec. 31, 2012 Twelve months ended Dec. 31, 2012
          ($ in millions) Frontier CASM (cents) Frontier CASM (cents)
          GAAP operating expenses           $           341.7           12.13           $           1,404.1           11.79
          Adjustments:
          Restructuring and fleet transition expenses           (15.5           )           (0.55           )           (15.5           )           (0.13           )
          Ex-item operating expenses           $           326.2           11.58           $           1,388.6           11.66
Three months ended Dec. 31, 2011 Twelve months ended Dec. 31, 2011
          ($ in millions) Frontier CASM (cents) Frontier CASM (cents)
          GAAP operating expenses           $           359.3           12.25           $           1,419.2           12.05
          Adjustments:
          Restructuring and fleet transition expenses           (32.3           )           (1.10           )           (32.3           )           (0.28           )
          Ex-item operating expenses           $           327.0           11.15           $           1,386.9           11.77
]]> http://www.indymetro.com/2013/02/28/republic-airways-holdings-reports-quarterly-and-full-year-2012-net-income/feed/ 0 ‘Person of Interest’ Star Says Dogs Belong Indoors With Their Families, Not Chained Outside http://www.indymetro.com/2013/02/28/person-of-interest-star-says-dogs-belong-indoors-with-their-families-not-chained-outside/ http://www.indymetro.com/2013/02/28/person-of-interest-star-says-dogs-belong-indoors-with-their-families-not-chained-outside/#comments Thu, 28 Feb 2013 12:23:27 +0000 editor http://www.indymetro.com/2013/02/28/person-of-interest-star-says-dogs-belong-indoors-with-their-families-not-chained-outside/ New York — As winter’s cold temperatures continue across the U.S., award-winning actor Taraji P. Henson is heating things up with a steamy new PETA campaign, in which she appears dressed in a short gossamer gown and a pair of synthetic, cruelty-free wings next to the words “Be an Angel for Animals.” The ad, which was shot by top celebrity photographer Don Flood, goes on to stress that “chained dogs suffer day in and day out. They are cold, hungry, thirsty, vulnerable, and lonely. Keep them inside, where it’s safe and warm.” A high-resolution version is available here.

As part of the winter campaign, Henson also appeared in a videothat encourages people to sponsor PETA doghouses for dogs in southeastern Virginia and northeastern North Carolina—where some dogs have no shelter at all—and sat down for an exclusive interview, in which she opened up about her costar in the campaign, her beloved dog, Uncle Willie. “I never thought that I could be so in love with an animal until I had Willie,” she says. “He’s our family. … He’s just the best companion. Dogs to me are like children … they’re the closest thing to God. They’re so pure in their love, and all they do is aim to please.” Henson also discusses her rewarding experiences volunteering at animal shelters with her son.

Dogs who spend their lives at the end of a chain ache for companionship and have to endure all weather extremes, including frightening thunderstorms, bitter cold, and blistering summer heat. They are also often deprived of basic veterinary care. Chaining dogs poses a safety risk as well: Chained dogs become aggressively protective of their tiny territories, and hundreds of people—mostly children—have been mauled and even killed after wandering within reach of chained dogs or encountering dogs who had broken free from chains.

This is Henson’s second campaign with PETA. She first posed nude in the organization’s famed “Rather Go Naked Than Wear Fur” campaign to protest the cruel fur trade.

For more information or to view the ad, please visit PETA.org.

]]> http://www.indymetro.com/2013/02/28/person-of-interest-star-says-dogs-belong-indoors-with-their-families-not-chained-outside/feed/ 0 Goldberg Segalla Welcomes Wayne C. Kreuscher as Partner http://www.indymetro.com/2013/02/14/goldberg-segalla-welcomes-wayne-c-kreuscher-as-partner/ http://www.indymetro.com/2013/02/14/goldberg-segalla-welcomes-wayne-c-kreuscher-as-partner/#comments Thu, 14 Feb 2013 23:19:40 +0000 editor http://www.indymetro.com/2013/02/14/goldberg-segalla-welcomes-wayne-c-kreuscher-as-partner/ Goldberg Segalla is pleased to announce Wayne C. Kreuscher has joined the law firm as a partner in its White Plains office. He joins the firm’s Product Liability and Transportation Practice Groups. He was previously a partner at Barnes & Thornburg in Indianapolis.

Mr. Kreuscher has nearly 40 years of experience as a litigator focused primarily on products liability and other types of tort defense work. He has represented numerous domestic and international manufacturers and distributors of motor vehicles, telecommunications devices, appliances, chemicals, pharmaceuticals, medical devices, and other products. Through this representation, he has developed extensive experience handling the unique legal and procedural issues facing foreign clients, including jurisdiction, service, evidence, and testifying issues. His experience includes acting as both lead counsel and as a member of defense teams, and he has served as national coordinating counsel in the defense of more than 300 cases across the country for a particular product. He has also defended health care providers in claims alleging medical malpractice.

Mr. Kreuscher is a member of The Federation of Defense & Corporate Counsel. He has been a lecturer and panel chair on topics in his areas of concentration for the Defense Research Institute, and he has authored articles on these topics for numerous legal publications. He has been selected for inclusion in Best Lawyers in America and Indiana Super Lawyers.

Before attending law school, Mr. Kreuscher began his career as a journalist and worked for U.S. Army and daily newspapers. He finds this experience translates well to his legal work and is particularly helpful for conducting research and presenting facts in complex cases.

]]> http://www.indymetro.com/2013/02/14/goldberg-segalla-welcomes-wayne-c-kreuscher-as-partner/feed/ 0 “How We Got Away With It” http://www.indymetro.com/2013/02/09/how-we-got-away-with-it/ http://www.indymetro.com/2013/02/09/how-we-got-away-with-it/#comments Sat, 09 Feb 2013 20:55:26 +0000 editor http://www.indymetro.com/2013/02/09/how-we-got-away-with-it/

]]> http://www.indymetro.com/2013/02/09/how-we-got-away-with-it/feed/ 0 NY Banjo Summit featuring Béla Fleck (1/17) http://www.indymetro.com/2013/01/09/ny-banjo-summit-featuring-bela-fleck-117/ http://www.indymetro.com/2013/01/09/ny-banjo-summit-featuring-bela-fleck-117/#comments Wed, 09 Jan 2013 13:11:30 +0000 editor http://www.indymetro.com/2013/01/09/ny-banjo-summit-featuring-bela-fleck-117/ This incredible night of music features some of the world’s most influential five-string banjo players: Béla Fleck, Tony Trischka, Bill Keith, Noam Pikelny, Richie Stearns and Eric Weissberg (all with ties to New York State) – will unite for an evening featuring the banjo played in both conventional and unexpected ways.  In performances ranging from solos to duets to full-tilt banjo blowouts with all of the players and an accosted band, the stage setting will range from the traditional backdrop of bluegrass and old-time country music to the more progressive banjo genres including jazz, classical and rock music.  The all-star back-up band features Russ Barenberg (Guitar), Jesse Cobb (Mandolin), Alex Hargreaves (Fiddle) and Corey DiMario (Bass)

 

]]> http://www.indymetro.com/2013/01/09/ny-banjo-summit-featuring-bela-fleck-117/feed/ 0 PETA Extends Deadline for $1 Million Prize for First ‘Test Tube Chicken’ http://www.indymetro.com/2012/06/26/peta-extends-deadline-for-1-million-prize-for-first-test-tube-chicken/ http://www.indymetro.com/2012/06/26/peta-extends-deadline-for-1-million-prize-for-first-test-tube-chicken/#comments Tue, 26 Jun 2012 10:34:05 +0000 editor http://www.indymetro.com/2012/06/26/peta-extends-deadline-for-1-million-prize-for-first-test-tube-chicken/ Norfolk, Va. – In 2008, when PETA announced a $1 million prize for the first laboratory to use chicken cells to create in vitro (test tube) meat if the product were commercially viable by June 30, 2012, few people believed that there would ever be such a thing. Back then, there was no public awareness of this quiet scientific endeavor, and the scientists who had pioneered the idea of chicken meat grown in a laboratory vat of nutrients were in danger of giving up because of a lack of money as funding is vital to the research-and-development process. Now, though, everything has changed: PETA’s contest put in vitro meat on the map, spawning hundreds of news stories and creating a buzz that resonated around the world. Since then, sponsorships have blossomed to include a grant of more than $1 million to a Dutch research team and the first-ever taste test of an in vitro hamburger developed by Dr. Mark Post and scheduled for October. The leader in PETA’s contest is widely considered to be Dr. Gabor Forgacs of the University of Missouri and Modern Meadow, the first scientist in North America to produce and consume a tissue-engineered meat product. He is currently developing methods for commercial production.

But while cow, pig, and fish cells are being grown in vitro, PETA’s primary interest is in replacing chicken factories, transport, and slaughter because more than 1 million chickens are eaten every hour in the U.S. alone. As there is no news of a chicken nugget on the immediate horizon, PETA will extend the contest until 2013. PETA continues to fund in vitro meat researcher Dr. Nicholas Genovese, who is part of a team working on the subject at the University of Missouri.

“There are so many delicious vegan products on the market that taste like chicken, with more on the way, that people are already switching over,” says PETA President Ingrid E. Newkirk. “But lab chicken is grown from flesh, and if that’s what some people still want to put in their mouths, PETA will help deliver it.” She points out that at a taste test at PETA’s headquarters in Norfolk last weekend of vegan chicken—not made in vitro—from Holland’s Vegetarian Butcher, more than 80 people asked if the samples were actual chicken. The tasters sampled vegan chicken and dumplings, fried “chicken,” and faux chicken Waldorf salad.

Last week, Bill Gates gave a shout-out to vegan chicken, especially mentioning Biz Stone’s new company, The Obvious Corporation, which is supporting vegan-meat company Beyond Meat. Gates pointed out that because meat is one of the greatest contributors to climate change and because meat consumption contributes to our national chronic-disease epidemic, turning to plant protein is in the cards.

]]> http://www.indymetro.com/2012/06/26/peta-extends-deadline-for-1-million-prize-for-first-test-tube-chicken/feed/ 0 Barnes & Thornburg Attorneys and Practice Groups Ranked in 2012 Chambers USA http://www.indymetro.com/2012/03/26/barnes-thornburg-attorneys-and-practice-groups-ranked-in-2012-chambers-usa/ http://www.indymetro.com/2012/03/26/barnes-thornburg-attorneys-and-practice-groups-ranked-in-2012-chambers-usa/#comments Mon, 26 Mar 2012 14:48:25 +0000 editor http://www.indymetro.com/2012/03/26/barnes-thornburg-attorneys-and-practice-groups-ranked-in-2012-chambers-usa/ Barnes & Thornburg LLP is ranked in more than 10 practice groups in the 2012 edition of Chambers USA: A Guide to America’s Leading Lawyers in Business. In addition, more than 30 of the firm’s attorneys received individual rankings in the publication.
The firm’s ranked practice areas include Environment, Healthcare, Insurance: Dispute Resolution, and Intellectual Property in Illinois; Corporate/M&A, Labor & Employment, Litigation: General Commercial, and Real Estate in Indiana; and Banking & Finance, Corporate/M&A, and Labor & Employment in Michigan.
In addition to the practice area rankings, the following Barnes & Thornburg attorneys were ranked individually:
Banking & Finance

  • Michael G. Campbell (Michigan)

Banking & Finance: Bankruptcy

  • Patrick E. Mears (Michigan)

Corporate/M&A

  • Catherine L. Bridge (Indiana)
  • Tracy T. Larsen (Michigan)
  • David B. Millard (Indiana)
  • Eric R. Moy (Indiana)
  • Claudia V. Swhier (Indiana)

Construction

  • Clifford J. Shapiro (Illinois)

Environment: Mainly Transactional

  • Fredric P. Andes (Washington, DC)

Environment: Litigation

  • Bruce White (Illinois)
  • Joseph F. Madonia (Illinois)

Healthcare

  • Mark E. Rust (Illinois)

Insurance: Dispute Resolution

  • Adam K. Hollander (Illinois)

Labor & Employment

  • Howard D. Fabrick (California)
  • John R. Maley (Indiana)
  • Peter A. Morse (Indiana)
  • William A. Nolan (Ohio)
  • R. Anthony Prather (Indiana)
  • Robert W. Sikkel (Michigan)
  • Michael A. Snapper (Michigan)
  • Keith E. White (Indiana)
  • Kenneth J. Yerkes (Indiana)

Litigation: General Commercial

  • Jan M. Carroll (Indiana)
  • Andrew J. Detherage (Indiana)
  • Donald E. Knebel (Indiana)
  • Robert D. MacGill (Indiana)
  • Larry A. Mackey (Indiana)
  • John R. Maley (Indiana)
  • Peter J. Rusthoven (Indiana)

Real Estate

  • Dennis A. Johnson (Indiana)
  • Stephen W. Lee (Indiana)
  • David R. Warshauer (Indiana)

Chambers USA rankings for 2012 were compiled from the results of thousands of interviews with clients, attorneys and third-party experts across the country and around the world.
With more than 550 attorneys and other legal professionals, Barnes & Thornburg LLP is one of the 100 largest law firms in the country. The firm serves clients worldwide from its offices in Atlanta, Chicago, Delaware, Indiana, Los Angeles, Michigan, Minneapolis, Ohio, and Washington, D.C. Visit us online at www.btlaw.com.

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