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VOL. 128 | NO. 163 | Wednesday, August 21, 2013

Medtronic Spine Revenue Declines 2.7 Percent

Medtronic Inc. said its profit gained in the fiscal first quarter, buoyed by strong international growth and geographic expansion as well as robust demand for cardiac and vascular devices.

Organic Education

Teaching Garden connects children with food

Bethel Grove Elementary School of Memphis marked the opening of its American Heart Association Teaching Garden recently with a Plant Day Celebration and ribbon-cutting ceremony that included garden crafts, music and physical activity education.

Council Approves Smart Meters, Delays Vote on Solid Waste Fee and Plan

Memphis City Council members approved a $10.1 million contract Tuesday, Aug. 20, for Memphis Light Gas and Water Division to buy 60,000 Smart Meters.

Memphis Banks Show Broad Improvement

Banking in Memphis is in the midst of a rebound, judging by the latest numbers from the Federal Reserve Bank of St. Louis.

Loeb Signs Tenant For Overton Square's Griffin House

The newest tenant in the Overton Square entertainment district has signed a lease in the lone reminder of the area’s residential days.

Local Weather
Today
Memphis, TN
64°F
Fair
Wind: 0 mph
Humidity: 40%

EVENTS

The Greater Memphis Chamber will host a conversation with Bill Strickland, CEO of Manchester Bidwell Corp. and author of “Making the Impossible, Possible,” Wednesday, Aug. 21, from 11:30 a.m. to 1 p.m. at The Peabody, 149 Union Ave. Strickland’s topic is “The Art of Leadership & The Business of Social Change.” Cost is $35 for members and $40 for nonmembers. Visit memphischamber.com or call 543-3571.

more events »

Hardy Pushes Intermodal Sites for New Jobs

Carolyn Hardy admits she pushed hard to get the intermodal container yard that opened this week in Hickory Hill completed faster than the two years many contractors told her it would take.

Memphis: Fourth-Most Affordable City

Memphis is the fourth-most affordable city to live in the nation, data from the Council for Community and Economic Research (C2ER) show.

Fire, Ambulance Utility District Idea Stalls

The idea of a utility district for fire and ambulance services in unincorporated Shelby County and several of the suburban towns and cities was voted down Monday, Aug. 19, by the Shelby County Commission.

Ruling Could Add to Busy Special Election Calendar

If the Shelby County Election Commission sets a new election date for the District 4 countywide school board seat sometime this year, it will be the 10th special election in Shelby County in what was supposed to be an off-election year for much of the county.

MEMPHIS NEWSMAKERS

Christ Community Health Services Names Hollabaugh Development Director

Bonnie Hollabaugh has joined nonprofit Christ Community Health Services, the largest primary care provider in Memphis, as director of development. Hollabaugh’s nonprofit development experience includes extensive work with Ronald McDonald House Charities of Memphis, Girls Inc. of Memphis and Hutchison School.

LOCAL COLUMNISTS

Selling in a Knowledge Economy

The Internet has created an unprecedented power shift in the marketplace. Gone are the days where the salesperson alone carries the lion’s share of the knowledge about the products and services he’s selling and therefore holds the power in a sales exchange.

My Taper Paper

Last week, we discussed the recent upshift in the global economy. The next major moment for the market will occur on Sept. 18 when 65 percent of economists expect that the Fed will announce a “tapering” of its quantitative easing program. The movement in the 10-year Treasury bond interest rate confirms this expectation as rates have now climbed to 2.84 percent, up from 1.6 percent three months ago.

REGIONAL

Group Kicks Off National Tour on Health Law Defunding

FAYETTEVILLE, Ark. (AP) – One of the chief backers of a plan to defund the federal health care law by tying it to budget negotiations said Monday that he didn't believe Republicans would be blamed for a government shutdown as supporters of the approach launched a national tour to spur support for the idea.

NATIONAL GOVERNMENT

Corker Criticized for Working With Democrats

NASHVILLE (AP) – U.S. Sen. Bob Corker insists his willingness to work with Democrats doesn't make him a moderate, but ardent conservatives think otherwise.

HEALTH CARE

Survey: Health Insurance Costs Outpace Wage Gains

Workers saw a modest rise in the average cost of employer-sponsored health insurance this year, but they're probably not overwhelmed with relief.

Mapping the Way to a More Fair Wait for New Livers

WASHINGTON (AP) – Where you live can affect your chances of getting a liver transplant, and your risk of dying while waiting. The nation's transplant network says it's time to make the system fairer – and it may take a cue from how politicians redraw voting maps.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 0 86 3,972
BUILDING PERMITS 431 872 36,714
BANKRUPTCIES 54 232 14,575
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 10 83 4,746

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