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VOL. 128 | NO. 164 | Thursday, August 22, 2013

Petties Sentenced to Nine Life Terms

Memphis drug kingpin Craig Petties will be in prison for the rest of his life for heading a violent drug organization with direct ties to a Mexican drug cartel that sold millions of dollars worth of drugs in a multi-state area centered in Memphis from 1995 to 2008.

‘Dreams Matter’

Photojournalist’s program to help children build self-esteem returns

Agape Child & Family Services on Tuesday, Aug. 20, welcomed back award-winning photojournalist and author Linda Solomon and her nationally acclaimed program, “Pictures of Hope,” for the second straight year.

NYSE Warns Verso of Possible Stock Delisting

Verso Paper Corp. said Tuesday, Aug. 20, it has been warned by the New York Stock Exchange that its stock could be delisted.

Tigers Release 2013-2014 Basketball Schedule

Tigers basketball coach Josh Pastner expended a lot of energy stumping for Conference USA in hopes it ultimately would help The University of Memphis gain a better seed in the NCAA Tournament. But it never really worked out that way.

Funding for Untested Rape Kits Sparks Debate

The Memphis City Council’s sharpest debate during a Tuesday, Aug. 20, council agenda with several major issues wasn’t about Smart Meters or changes in garbage pickup.

Kudzu’s Wrestles With Plant Closure Fallout

When the current ownership of Kudzu’s Bar & Grill bought the eatery in September 2011, tables were full, the parking lot was packed and the business kept busting its projections.

Handy Park Lease Latest Stage in Beale Endgame

The city of Memphis has a tentative lease of Handy Park with a group that includes some current tenants of the Beale Street entertainment district.

MEMPHIS LAW TALK

Yoakum Helps Businesses ‘Move On With Their Lives’

Though the jump Brian Yoakum made at the beginning of August from The Biller Law Firm to Evans Petree PC was only a floor away, he saw a greater opportunity to broaden his practice areas and expand the services he could offer clients.

LOCAL COLUMNISTS

Your Budget May Need Revising

Ray’s Take No one ever likes it when I use the “B” word, but there’s a reason I do it.

In Search of Brain Fitness

In an article titled “Mentally Fit” in the July 29, 2013, issue of The New Yorker, Patricia Marx writes, “[A] study of six hundred and seventy-eight elderly nuns analyzed essays they’d written in their twenties and found that the sisters who had used the most linguistically complex sentences tended to have the lowest incidence of Alzheimer’s, which is why I’ve added this unnecessary subordinate clause even though it’s been a long time since I was in my twenties.”

Holdover or Holdup?

Holdover is a term used in commercial property leases that describes continued occupancy by a tenant beyond the expiration of the lease, also known as “tenancy-at-sufferance.” Most office leases usually devote a section of the lease to this situation and impose a financial penalty on the tenant for not taking action by either vacating the space, or renewing or extending the term. This financial penalty can sometimes be viewed by the tenant as a “holdup” by the landlord because it can amount to a considerable amount of money. Who’s really suffering here?

STATEWIDE

Tennessee College Readiness Short of US Marks

NASHVILLE (AP) – This year's Tennessee high school graduates have fallen short of national results for ACT college readiness benchmarks.

Dollywood to Build Resort, Add Shows and Rides

NASHVILLE (AP) – To see the future of Dollywood, you need to borrow the vision of its chief imaginer, Dolly Parton.

REGIONAL

Store Sales of Beer Approved in Oxford

OXFORD, Miss. (AP) – The Board of Aldermen has voted to permit the sale of cold beer in stores in Oxford.

Arkansas Panel to Take Up Rules for Voter ID Law

LITTLE ROCK, Ark. (AP) – A state board is taking up the rules for enforcing a new Arkansas law that will require voters to show photo identification before they can cast a ballot.

NATIONAL BUSINESS

Railroads Seek to Install Cameras to Watch Crews

OMAHA, Neb. (AP) – At least two major U.S. freight railroads are seeking to install cameras in their locomotives to make sure crews are following rules and avoiding cellphone use.

NATIONAL GOVERNMENT

Fed Seems on Track to Slow Bond Buys by Year's End

WASHINGTON (AP) – The Federal Reserve appears on track to slow its bond purchases by the end of this year if the economy continues to improve. But it remains divided over the exact timing of the move.

TECHNOLOGY

Facebook Aims to Get More People Online

NEW YORK (AP) – Facebook wants to get more of the world's more than 7 billion people – all of them, actually – online through a partnership with some of the world's largest mobile technology companies.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 75 255 11,693
MORTGAGES 72 295 15,274
FORECLOSURE NOTICES 3 71 2,982
BUILDING PERMITS 0 392 27,646
BANKRUPTCIES 62 280 11,242
BUSINESS LICENSES 35 98 4,136
UTILITY CONNECTIONS 94 516 17,000
MARRIAGE LICENSES 18 80 3,544

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