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VOL. 128 | NO. 243 | Friday, December 13, 2013

Slow Job Growth Yields Dip in New-Home Permits

Shelby County homebuilding activity continued to cool off in November, with builders filing fewer permits and selling fewer new homes compared to the same month a year ago.

Veterans’ Aid

Walker enters 26th year as Alpha Omega director

Cordell Walker wanted to join the military in the 1960s as his older friends were enlisting or being drafted for the Vietnam War.

DMC to Oversee Interim Management of Beale

Beale Street developer John Elkington will mark his departure from the development and management of the entertainment district this week, ahead of what looks to be a formal exit at the end of the month.

MRG Sees Flurry of Activity at Marion Center

In 2008, Memphis-based Makowsky Ringel Greenberg LLC developed The Shops of Angelos Grove retail center in Marion, Ark.

Paragon Sets Record Profit in Third Quarter

The good news keeps coming for Paragon National Bank.

New Achievement School District Schools Announced

The Achievement School District will expand in its third school year to five Memphis schools, all of them to be run for the district by charter school companies.

Wharton Requests Council Delay Ballpark Vote

The deal for the city to buy AutoZone Park that had to be done by the end of December can wait until after the new year begins.

Riverside Drug Arrests Linked to Nashville Case

For two years, Memphis police mounted an investigation in the Riverside section of South Memphis against a long-running drug organization allegedly headed by Kenneth and Keith Bohanon.

SPORTS

College Football Season Brought Many Surprises

It seems like just yesterday that temperatures were stifling and everyone who really mattered in the college football world – the SEC’s coaches and top players – had met in Hoover, Ala., for that little party known as SEC Media Days.

Injury Bug Has Grizz Fans Crying in Beers

The Oklahoma City Thunder had Kevin Durant and Russell Westbrook. The Memphis Grizzlies had Jamaal Franklin and Nick Calathes.

MEMPHIS STANDOUT

Call to Nursing Led Burnett to Form Staffing Agency

Denise Burnett entered Evangel University in Springfield, Mo., to major in journalism and minor in political science with dreams of joining the Fourth Estate.

LOCAL COLUMNISTS

Here’s to Memphis Made

THIS SEASON, RAISE A GLASS TO US. “Have a beer. When you can find something we can all agree on, something we can all be proud of, something unifying, you should drink to it. Seriously. Drink to it.”

NATIONAL BUSINESS

Government: 1 in 14 Fell Prey to Identity Theft in 2012

WASHINGTON (AP) – The government says 1 out of every 14 Americans age 16 or older was a target or a victim of identity theft, a crime imposing a heavy emotional toll on many of its victims.

Ford Plans 23 New Cars, 11,000 New Jobs in 2014

DEARBORN, Mich. (AP)Ford Motor Co. says it will hire more than 11,000 people in the U.S. and Asia next year to support an aggressive rollout of new vehicles.

US Stockpiles Jump in October by Most in 9 Months

WASHINGTON (AP) – U.S. companies boosted their stockpiles at the fastest rate in nine months in October as their sales grew. The gain in restocking indicates businesses anticipated a healthy holiday shopping season.

US Unemployment Aid Applications Surge to 368,000

WASHINGTON (AP) – The number of people seeking U.S. unemployment benefits rose 68,000 last week to a seasonally adjusted 368,000, the largest increase in more than a year.

Merrill Paying $131.8 Million to Settle SEC Charges

WASHINGTON (AP) – Merrill Lynch has agreed to pay $131.8 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.

NATIONAL GOVERNMENT

Ex-Senate Staffer Appears in Court on Porn Charges

WASHINGTON (AP) – The fired chief of staff for Sen. Lamar Alexander made his first court appearance Thursday on charges of possession and distribution of child pornography.

HEALTH CARE

Health Website Woes Force Extension for Sickest

WASHINGTON (AP) – Technology problems with President Barack Obama's health care website are forcing the administration to extend a federal insurance plan for some of the sickest patients by a month.

Federal Data Show Health Disparities Among States

JEFFERSON CITY, Mo. (AP) – Residents in some parts of the U.S. are signing up for health care coverage at a significantly greater rate than others through the new online insurance marketplaces now operating in every state.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 0 76 2,614
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 56 355 9,888
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 0 81 3,144

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