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VOL. 128 | NO. 153 | Wednesday, August 7, 2013

Downtown Design Guidelines Close to Reality

After nearly two years in the planning stage, new standards for guiding how development Downtown should occur are getting closer to becoming a reality.

Team Effort

Multidisciplinary approach helps lower area’s infant mortality rate

A decade ago, about 15 out of every 1,000 infants born in Shelby County were dying before the age of 1 – one of the worst rates in the U.S., and worse than in many developing countries.

Council Approves October Sales Tax Hike Referendum

Memphis City Council members won’t be holding a referendum on a half percent hike in the city sales tax rate in November when suburban voters are electing school boards.

School Board Vacancy Collides With Redistricting

Shelby County Commissioners have scrapped a plan to fill a vacancy on the countywide school board for now because it comes close to the Sept. 1 conversion of the 23-member school board to a smaller group.

Front Porch Art Connects Artists With Public

When Caitlin Horton and her husband, Kennedy, first moved to Memphis, it was in Midtown where they chose to make their home.

Local Weather
Today
Memphis, TN
54°F
Partly Cloudy
Wind: 12 mph
Humidity: 77%

EVENTS

The Rotary Club of Memphis East will meet Wednesday, Aug. 7, at noon at The Racquet Club of Memphis, 5111 Sanderlin Ave. Stanton Thomas, curator of the Carroll Cloar exhibit at Memphis Brooks Museum of Art, will speak. Cost is $17. R.S.V.P. to lmhughes@bellsouth.net.

more events »

Historic School Year Opening Has Familiar Look

Germantown High School principal Ted Horrell warned a busload of school board members, staff and interim superintendent Dorsey Hopson that they were about to see some confusion on his campus.

MEMPHIS NEWSMAKERS

FBI Promotes McCall to Special Agent in Charge

A. Todd McCall has been named special agent in charge of the FBI’s Memphis division, one of the bureau’s 56 field offices nationwide. McCall, who most recently served as chief of the digital forensics and analysis section in the Operational Technology Division, is now responsible for the management and oversight of more than 200 personnel and all investigative matters under the FBI’s jurisdiction spanning from Memphis to Cookeville, Tenn.

LOCAL COLUMNISTS

Seek Holy Grail of Sales World: Inbound Leads

Editor’s note: This is the first in a two-part series. Inbound leads are deemed by many as the Holy Grail of the sales world. These prospects likely have an immediate need for what you’re selling, which is why they typed the keywords into Google or read the blog post that ultimately led them to you.

Better Way to Measure Employee Happiness

Many CEOs think they can keep an eye on morale with annual employee survey, but that is like driving your car by only looking in the rearview mirror. By the time you get the results, most of the “accidents” have already happened: Grumpy employees have alienated good customers, incompetent managers have killed productivity and the best talent has left for the competition. You need to measure employee happiness daily or weekly.

NATIONAL BUSINESS

Smaller US Trade Gap Could Lift Second-Quarter Growth

WASHINGTON (AP) – A sharp decline in the trade deficit with other nations suggests the U.S. economy grew this spring at a faster pace than previously estimated, helped by a record level of exports.

NATIONAL GOVERNMENT

Rising Tax Revenue Eases Pressure for Budget Cuts

WASHINGTON (AP) – Rising tax receipts are shrinking the federal deficit, and that will shape the budget debate when Congress returns from vacation next month. The big question for lawmakers: Should they renew, end or modify the tens of billions of dollars in "sequester" cuts in government spending that took effect earlier this year?

Fed Member: Bond Buys Likely to Slow Later in Year

WASHINGTON (AP) – A Federal Reserve voting member said Tuesday the central bank is "quite likely" to start reducing its bond purchases later this year but that any change hinges on the economy showing improvement.

Obama Pitches Mortgage Overhaul as Housing Rallies

PHOENIX (AP) – Buoyed by an improving housing market, President Barack Obama on Tuesday proposed a broad overhaul of the nation's mortgage finance system, including winding down government-backed Fannie Mae and Freddie Mac. He declared that taxpayers should never again be left "holding the bag" for the mortgage giants' bad bets.

REAL ESTATE

US Home Prices Vault Nearly 12 Percent in June

U.S. home prices surged 11.9 percent in June from a year earlier, reflecting stronger demand amid a tight supply of homes for sale.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 378 15,444
MORTGAGES 67 456 20,235
FORECLOSURE NOTICES 0 109 3,995
BUILDING PERMITS 0 872 36,714
BANKRUPTCIES 58 290 14,633
BUSINESS LICENSES 16 80 5,209
UTILITY CONNECTIONS 76 388 22,205
MARRIAGE LICENSES 28 111 4,774

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The Memphis News: Business, politics, and the public interest.