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VOL. 128 | NO. 138 | Wednesday, July 17, 2013

Suburban Schools Districts Approved Again Overwhelmingly

It was never close Tuesday, July 16, in any of Shelby County’s six suburban towns and cities in the second set of referendums in less than a year on forming municipal school districts.

‘Transition Period’

Shelby County homebuilding stagnates in second quarter

The number of permits pulled by homebuilders in the second quarter was flat with the same period last year. Shelby County homebuilders filed 269 permits during the second quarter of 2013, the exact same number they filed in the second quarter last year, according to real estate information company Chandler Reports, www.chandlerreports.com.

County Tax Rate Doesn’t Get Past Budget Committee

Shelby County Commissioners could not find enough votes in committee sessions Wednesday, July 17, for a county property tax rate that had any chance of passing before the full commission next week.

Commission Begins Work on New Tax Rate

Shelby County Commissioners have several important questions to consider Wednesday, July 17, in committee sessions, all of them having to do with that most volatile of political questions – taxes.

Advisory Board to Examine Community Health Needs

Dr. David Stern, executive dean of the University of Tennessee Health Science Center College of Medicine, has launched a unique effort to address community health needs in Memphis.

Local Weather
Today
Memphis, TN
56°F
Mostly Cloudy
Wind: 7 mph
Humidity: 62%

EVENTS

Methodist South Hospital will host a free lunch and learn on stroke warning signs Wednesday, July 17, from 11 a.m. to 1 p.m. in meeting rooms A and B, basement floor level, 1300 Wesley Drive. R.S.V.P. at 888-777-5959.

more events »

Bass Pro Shops To Begin Pyramid Work End of August

Bass Pro Shops will begin installing its store and other attractions in The Pyramid at the end of August.

Council Ponders Use of Reserve To Keep Fire Station Open

Memphis City Council member considered briefly Tuesday, July 16, using $1.1 million from the $48 million city reserve fund to keep a North Memphis fire station open.

Memphis Tax Rate Sparks Revenue Debate

The city should have some extra money when the end of the next fiscal year comes on June 30, according to Memphis City Council member Harold Collins.

MEMPHIS NEWSMAKERS

Williams to Lead Marketing at Junior Achievement

Priscilla Williams has joined Junior Achievement of Memphis and the Mid-South as director of marketing and special events. In her new role, Williams will work to increase the organization’s visibility, funding and branding.

LOCAL COLUMNISTS

No-Nonsense Negotiating Strategies

Editor’s Note: This is the second in a two-part series. If you’re fighting for who’s right in a negotiation, by definition, someone loses. That’s the philosophy behind negotiation strategies that build relationships versus tearing them down. Whether you “win” or not, a customer may not continue to buy from you if they felt beaten down through the negotiation process. The objective is to close a mutually beneficial deal versus winning the negotiation.

Two Acts Remain in Bernanke’s Screenplay

After weeks of volatility, driven by complex Fed speculation after a chorus of mixed messages, Chairman Bernanke re-focused marketplace attention on the Fed’s core purpose. As per Congress, The Federal Reserve Act directs: “the Federal Reserve...shall maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential…to promote the goals of maximum employment, stable prices and moderate long-term interest rates.”

STATEWIDE

Pilot Flying J to Repay Trucking Companies

NASHVILLE (AP) – The truck-stop company owned by Cleveland Browns owner Jimmy Haslam has agreed to pay back the trucking companies that were cheated out of fuel rebates, according to a settlement given preliminary approval Tuesday.

REGIONAL

Mississippi Insurer Could Cut Ties to 2 Hospital Systems

JACKSON, Miss. (AP) – Blue Cross and Blue Shield of Mississippi has told the state's second-largest hospital owner that it will end its contract with the company's 10 Mississippi hospitals at the end of August.

NATIONAL BUSINESS

Investors to Scrutinize Bernanke's Latest Remarks

WASHINGTON (AP) – Ben Bernanke's sway over financial markets has been on full display in recent weeks. When the Federal Reserve chairman speaks Wednesday to Congress, investors will once again parse each word for any subtle shift in the Fed's stance on interest rates.

US Factories Increase Output in June for 2nd Month

WASHINGTON (AP) – U.S. factories cranked out more business equipment, home electronics and autos in June, boosting manufacturing output for the second straight month. The gains suggest factories may be starting to recover from a slow start this year.

NATIONAL GOVERNMENT

Coalition Sues to Halt Electronic Surveillance

Rights activists, church leaders and drug and gun rights advocates found common ground and filed a lawsuit on Tuesday against the federal government to halt a vast National Security Agency electronic surveillance program.

Congress Recalls Watchdog to Explain IRS Audit

WASHINGTON (AP) – The investigator who wrote a scathing report about the Internal Revenue Service targeting conservative political groups is heading back to Capitol Hill as a key House Democrat says his committee's investigation has found no evidence of political bias at the agency.

Flood Insurance Changes Hit Resistance, Face Delay

WASHINGTON (AP) – Hundreds of thousands of homeowners facing higher federal flood insurance premiums under reforms passed last year would win a temporary one-year reprieve under a measure that began its advance through the Senate on Tuesday.

REAL ESTATE

US Homebuilder Confidence, Sales Outlook Soar

U.S. homebuilders are feeling more optimistic about their home sales prospects than they have in more than seven years, a trend that suggests home construction will accelerate in coming months.

HEALTH CARE

Health Law's Rule Delay Could Hamper Enforcement

WASHINGTON (AP) – There's a bit of a domino effect undercutting President Barack Obama's health care law.

Early Vote Total Shows Suburban School Districts Passing Overwhelmingly

Early vote totals in all six of Shelby County’s suburban towns and cities show a majority of the votes in favor of forming municipal school districts in each of the towns and cities.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 311 15,028
MORTGAGES 83 338 19,668
FORECLOSURE NOTICES 0 43 3,838
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 65 247 14,281
BUSINESS LICENSES 16 120 5,111
UTILITY CONNECTIONS 70 316 21,749
MARRIAGE LICENSES 18 93 4,650

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