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VOL. 128 | NO. 144 | Thursday, July 25, 2013

International Paper's Second-Quarter Net Income Nearly Doubles

MEMPHIS (AP) International Paper Co., the paper and packaging company, said Thursday, July 25, that its second-quarter net income nearly doubled as it raised its prices for its boxes.

Entry Point

Germantown planning for development on western gateway

The city of Germantown is embarking on an effort to guide growth and development of the city’s western gateway corridor for the next 20 years.

Ritz: School Finances Remain Complex

Shelby County Commission Chairman Mike Ritz said Tuesday, July 23, the commission is unlikely to increase funding to the countywide school system in the near future.

Judge: Nineteenth Century Club Owners Can Raze Building

A judge ruled Wednesday, July 24, that the owners of the historic Nineteenth Century Club building on Union Avenue can move forward with plans to demolish the property.

Cochon Heritage BBQ Event Returns to Memphis

Brady Lowe, founder of Cochon 555, said it was pretty much inevitable the Cochon Heritage BBQ series would return to Memphis this year.

Boys & Girls Clubs Brings After-School Focus

Editor’s Note: Part of a series about the “Our Children. Our Success.” campaign. The Boys & Girls Clubs of Greater Memphis intend to keep familiar elements for children and parents in the coming school year with after-school programs as well as tutoring.

ASD Scores Down in Reading, Up in Math, Science

Student achievement test scores for the first school year of the Achievement School District shows students in the set of historically low-performing schools made gains in science and math proficiency but fell further behind in reading.

Plans Call for Fairview to Become Optional School

Fairview Middle School would close after the upcoming school year and be repurposed as an optional school that nearby Peabody Elementary School feeds into under a proposal the countywide school board will consider next week.

MEMPHIS LAW TALK

Giles Builds Solid Career as Construction Attorney

Justin Giles III spends his days entangled in the details of contracts and plans as a construction attorney with Evans Petree PC.

LOCAL COLUMNISTS

Why Invest Anyway?

Ray’s Take: There’s only two ways to earn money honestly. One is by working and the other is by investing so your assets work to make money for you. Unless you want to work forever or make so much money working you can’t spend it all, investing is the only way to be financially independent or achieve long-term goals like funding the kid’s college education or buying a vacation home.

‘Unleashed’ Delivers

I’ve written before of David Rosenfelt, whose 10th Andy Carpenter novel, “Unleashed,” has just been unleashed – uh, released. Andy Carpenter is a fictional solo-practitioner in Paterson, N.J. He’s independently wealthy, via inheritance and an early-career jackpot judgment in a civil case.

STATEWIDE

Study Shows Tennessee's Debt Ratio Lowest in Nation

NASHVILLE (AP) – A recent study shows Tennessee's debt ratio is the lowest in the nation.

Nashville's The City Paper Closing After 13 Years

NASHVILLE (AP) – Nashville weekly newspaper The City Paper is closing down after 13 years.

NATIONAL BUSINESS

Dell's Founder Boosts Offer to Buy the Company

NEW YORK (AP) – A group led by Dell's founder raised its offer for the struggling computer maker Wednesday in hopes of attracting more shareholder support for its plan to take the company private.

NATIONAL GOVERNMENT

House GOP Considers Food Stamp Work Requirements

WASHINGTON (AP) – About 47 million Americans received food stamps last year, but only a relative few are required to work or look for a job as a condition of receiving the aid.

Senate Set to Finish Work on Student Loan Deal

WASHINGTON (AP) – Borrowing for tuition, housing and books would be less expensive for college students and their parents this fall but the costs would start climbing almost immediately under a deal the Senate was poised to pass Wednesday.

No More Mail at Your Door? Delivery Changes Eyed

WASHINGTON (AP) – Americans for generations have come to depend on door-to-door mail delivery. It's about as American as apple pie.

Probe May Cause Issues for More Than DHS Official

WASHINGTON (AP) – An internal investigation of President Barack Obama's choice to be the No. 2 official at the Homeland Security Department has the potential to become a political headache for former Secretary of State Hillary Rodham Clinton and the Democratic candidate for governor in Virginia.

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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 55 287 14,630
BUSINESS LICENSES 16 80 5,209
UTILITY CONNECTIONS 76 388 22,205
MARRIAGE LICENSES 0 83 4,746

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