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VOL. 128 | NO. 115 | Thursday, June 13, 2013

Shelby County Building Permits Increase 5 Percent

Editor's Note: The original story that ran in the June 13 issue of The Daily News contained inaccurate building permit data. The story has been corrected and appears below. The Daily News regrets the error.

The Beat Goes On

SRVS uses The Rhythmic Arts Project to teach life skills

Rosalyn Jeans slowly tapped out the syllables in her first name as she beat the drum in front of her simultaneously with each syllable.

Comptroller Urges Council to Act on Fiscal Problems

That didn’t take long.

MRG Breaks Ground on Schilling Farms Apartment Complex

Memphis-based Makowsky Ringel Greenberg LLC is launching a new apartment community at Schilling Farms.

Old Boundaries Fade as Schools Merger Nears

There is still some power left in the line that separates Memphis City Schools from Shelby County Schools with about two weeks left until the two public school systems formally become one.

Local Weather
Today
Memphis, TN
52°F
Partly Cloudy
Wind: 0 mph
Humidity: 80%

EVENTS

The Daily News will present Literatini, benefiting Literacy Mid-South, Thursday, June 13, from 6 p.m. to 9 p.m. at The Booksellers at Laurelwood, 387 Perkins Road Extended. The event will include martinis and food, an auction, live music and a wine pull. Tickets are $50 per person or $75 per couple. Visit literacymidsouth.org.

more events »

Residency Program Targets School Administrators

The growing crop of teacher residency programs in Shelby County is being followed by residency programs for school system administrators and leaders outside the classroom.

MEMPHIS LAW TALK

Cates Wears Multiple Hats as Litigator, Prosecutor

Taylor Cates, attorney with Burch, Porter & Johnson PLLC, describes himself as “an adequate rhythm guitar player.”

LOCAL COLUMNISTS

Learn From Insurance Investments

Ray’s Take Insurance companies typically keep a relatively small amount of money in cash in order to pay claims, including a reserve to respond quickly to catastrophes. The rest of their funds they invest for the long term, focusing on options like corporate bonds and real estate holdings.

Glacial Job Creation Equals Glacial Stimulus Reduction

This has been the weakest job recovery on record. The 175,000 new jobs created in May did slightly exceed analyst estimates, but also slightly trailed population growth. The percentage of the U.S. adult population with a job equals 58.6 percent. This number hit 67 percent back in 2000. Adjusting this ratio for the “retirement effect” to only include those aged 25 to 54 increases the rate to 76 percent, but it still hasn’t budged for three years and is 5 percent lower than it was in 2007. This cannot be explained by retirees. Our job creation machine is malfunctioning.

He Said, She Said, Part 2

Finishing what I started last week. More “humorous” quotes. Which I came up with for use in a “new” puzzle-game. And which the editors rejected. That I ultimately came up with 30 deemed acceptable now seems miraculous.

NATIONAL BUSINESS

Small Businesses are Hiring Again, But Cautiously

NEW YORK (AP) – Nina Vaca is interviewing job applicants at her staffing company again after putting hiring on hold at the end of last year.

NATIONAL GOVERNMENT

New Guide for Teaching Seniors How to Avoid Fraud

WASHINGTON (AP) – U.S. regulators have a new guide for teaching older adults how to detect financial scams and avoid being exploited.

Boehner Says He Will Support Farm Bill

WASHINGTON (AP) – House Speaker John Boehner says he will vote for a wide-ranging farm bill headed to the House floor this month, a major boost for the five year, half-trillion dollar legislation that stalled in the House last year.

HEALTH CARE

Accenture Forecasts Fast Retail Health Clinic Growth

Consulting firm Accenture says it expects the number of retail health clinics in the U.S. to double by the end of 2015, as they help meet a surge in demand for care from millions of people who will gain insurance coverage through the national health care overhaul.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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