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News & Opinion

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The Outrageous Fortune of Tim Durham

A federal jury found Indy financier Tim Durham guilty on 12 counts of fraud on June 20, 2012, and on Nov. 30, a federal judge sentenced him to 50 years in prison for milking Ohio investors of $250 million. Here’s our story and an album of photos taken before the ruling passed down on this Ponzi schemer.

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Signs of Decline

I was stopped at a traffic light not long ago and noticed, off to my right in front of a strip mall, a person dressed as the Statue of Liberty standing in the rain. In the past year, I’ve seen three Statues of Liberty, two Uncle Sams, and one Little Caesar. The weather in each instance was unpleasant, either boiling hot, rainy, or bitterly cold. But there they stood, beside the road, waving to passersby, directing potential customers to a place of business.

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Top of the Line

Once upon a time there was a young girl who grew up with a bounty of good food on the dinner table every night. A mere wisp of a thing, the girl didn’t eat much, but what she did consume was delicious: batter-fried chicken that was lifted from the hot grease and drained on a grocery bag, green peppers stuffed full of tender beef and rice, thick bean-and-barley soup simmered from scratch and ladled generously into what her mother called “soup plates.” The girl’s father, spoiled by the excess and quality, professed little desire to venture far beyond the kitchen, whose stovetop was always occupied by pots with jiggling lids and whose ovens were filled with fragrant cakes and pies.

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Ticked Off

There are two clocks in my office. One is connected through the ether to the National Institute of Standards and Technology in Boulder, Colorado, whose quantum-logic clock is so precise it will not gain or lose more than one second in 3.7 billion years. The other clock was made for me by Bob Hatch, an Indianapolis retiree, who carved every gear from hard maple, cut the hands on his band saw, made the weight by filling a tomato-paste can with lead he’d melted with a plumber’s torch, and fashioned the verge escapement from a piece of steel and the pendulum from cherry wood and brass. That clock gains or loses a couple of minutes a day, depending on such factors as the humidity and whether my dog Zipper accidentally jostles it when she naps on the shelf underneath it.

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Bedtime Story

While reading the newspaper not long ago, I grew depressed by the number of challenges our nation faces—the decline of the middle class, the ballooning of the national debt, underperforming schools, and a war in Afghanistan with no end in sight. They almost make my problem seem insignificant: an ongoing struggle to find good bed sheets.

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Sacred Cows

I was recently gratified to learn that filmmakers Steven Spielberg and George Lucas have been collecting the paintings of Norman Rockwell. I enjoy it when other people like the same things I do, and I think more highly of those movie moguls, having discovered we share similar tastes in art.

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Injured Reserve

Dear Joseph Addai, Dallas Clark, Austin Collie, Mike Hart, and Kelvin Hayden:

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The Sound of Money: The Palladium Rises Up in Carmel

When Brainard first raised the idea of building a performing-arts center, the intent was to fill an immediate need: to give homeless arts organizations such as the Carmel Symphony Orchestra a place to play. It was a nice thought—quaint, really, considering what the city has now.

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Restoring A Memory

I first saw my wife’s childhood home 29 years ago when I rode my bicycle from Plainfield to Paoli to stop an encounter I believed harmful to my best interests—the introduction of her boyfriend to her mother. It turns out that if a man rides 95 miles in July heat to court a woman, it tends to impress her. The next week my future wife, Joan, bid her boyfriend goodbye and began dating me.

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Old School

David Letterman did not show up at our high-school reunion. Again. Had he appeared, now or at any prior gathering, paparazzi (if there are paparazzi in Indianapolis) would no doubt have stalked the premises, and the Late Show superstar would have sucked the energy from the room. Dave’s a private guy who, oddly, doesn’t particularly glow in the limelight, so we, his classmates of the Broad Ripple High School class of 1965, understand.

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Starting Over

We all come from somewhere. My father’s family emigrated from Russia, although Dad was born here—at Methodist Hospital, he was proud to say. His mother and father, I am told, met on the ship and married a short time later.

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Giving Large

On my way home from work every day, I am struck dumb by an illuminated billboard at the corner of 16th and Illinois streets. In red LED numbers, the huge sign flashes the current Powerball jackpot and, I believe, the amount to be won in the Hoosier Lotto, although I rarely look at that. When $123 million is staring you in the face, it’s hard to think about anything else.

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Tony Stewart Is Wheeling and Dealing

He passed Dale Earnhardt Jr. in merchandise sales—a remarkable feat considering Earnhardt’s legacy and loyal spectators.

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Free Man

David Scott spent 23 years in prison, wrongly convicted of murder. But after two years on the outside, he wonders if he’ll every truly be free.

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Side Effects

With thousands of medical success stories and billions in revenue, officials at Lilly are still celebrating the success of Zyprexa. But its troubled path reveals volumes about how difficult bringing even an approved medication to market can turn out to be.

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