VOL. 128 | NO. 29 | Tuesday, February 12, 2013
Countywide school board members meet Tuesday, Feb. 12, in special session to send a still-forming budget for the first fiscal year of the consolidated school system to the Shelby County Commission.
Pricing jumps while homebuilder permit numbers stagnate
New housing permits were unchanged in January year over year, but pricing saw a healthy increase.
Soul Fish Café has selected a prime piece of real estate in East Memphis for its third location.
Following Memphis-based Southeastern Asset Management’s public opposition to Dell Inc.’s proposed $24.4 billion buyout, the Texas-based tech company is trying to reassure shareholders that the deal will be beneficial.
The first time Damien Echols saw a computer, it was 1986 – eight years before he and two others were convicted of murder and found themselves branded as the West Memphis Three.
Shelby County Commissioners who just last week seemed to agree on giving Memphis City Schools teachers living outside Shelby County five years to move within the county had some second thoughts Monday, Feb. 11, as they debated the schools merger issue.
The faded red kick ball that is the issue of metropolitan school districts in the Shelby County suburbs is now back in Memphis federal court after about two-and-a-half months of private mediation talks.
For a second time, prosecutors in the largest drug case ever brought into Memphis federal court have decided not to recommend a reduction in the sentence of a high-ranking member of the Craig Petties drug organization who cooperated to some extent.
2625 Thousand Oaks Blvd. Memphis, TN 38118
LOCAL COLUMNISTS
This week let us discuss a nonprofit organization, Healthy Memphis Common Table, whose mission is to mobilize Greater Memphis to achieve excellent health for all, along with one of their programs aimed at addressing obesity, the Million Calorie Reduction Match.
As Goes January … Many market observers state that as goes January, so goes the rest of the year. Mathematically, 1/12th of the year has now passed and the S&P 500 has tacked on 5 percent. Fast-forwarding through the statistical modeling, a strong January predicts a strong annual return precisely because of the positive lead January passes to February. This head start advances the probability of positive returns. Furthermore, a sizable head start increases the odds of success even more. If January is slightly positive, the odds of a positive year are 67 percent. If January is up 5 percent, the odds jump to 79 percent. So a 5 percent positive January has a high probability of correlating with a year of positive equity returns. We cannot rest in that, however, as a 4 percent loss from this point still fulfills the criteria. Better check the vitals.
STATE GOVERNMENT
NASHVILLE (AP) – The interim head of Tennessee's Department of Children's Services has appointed three top aides to examine child safety issues.
NATIONAL BUSINESS
DALLAS (AP) – Directors of American Airlines and US Airways reportedly plan to meet Wednesday to consider a merger.
Boeing conducted a second test flight of its 787 on Monday as it looks for the cause of battery problems that have grounded the planes. It said no more tests are currently planned.
NATIONAL GOVERNMENT
NEW YORK (AP) – Karen Mills, the head of the Small Business Administration as it focused on helping small companies recover from the Great Recession, is stepping down.
WASHINGTON (AP) – One in five consumers had an error in a credit report issued by a major agency, according to a government study released Monday.