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VOL. 128 | NO. 125 | Thursday, June 27, 2013

Property Tax Hike Highlights New City Budget

Memphis City Council members raised the city property tax rate Tuesday, June 26, by 4 cents above the recertified tax rate and put the rest of a turbulent budget season to rest.

Arrested Development

Complaints spotlight concerns over criminal-background checks

It’s not illegal for businesses to use criminal-background checks when making hiring decisions, but two recent complaints filed by federal regulators highlight the increasing government scrutiny of criminal and credit checks.

Economic Survey Seeks Input From Memphis Businesses

With the second quarter drawing to a close, The Daily News is encouraging members of the Memphis business community to take part in a new feature intended to be a forward-looking measure of business sentiment.

Fed Watchers Search Recent News for Clues

At the beginning of the week, Oppenheimer chief market technician Carter Worth released an analyst note that turned heads because of its brevity and frankness.

Financing Program Addresses Dearth of Low-Income Rental Housing

A new initiative to provide permanent financing to the owners or developers of multifamily properties targeting low-income residents could have a major impact on Shelby County.

Local Weather
Today
Memphis, TN
67°F
Fog
Wind: 6 mph
Humidity: 93%

EVENTS

Girls Inc. of Memphis will hold its annual Celebration Luncheon Thursday, June 27, from 11:30 a.m. to 1 p.m. at FedExForum, 191 Beale St. The luncheon will highlight Girls Inc.’s Eureka program, which promotes career paths and post-secondary education in science, technology, engineering and math. Visit girlsinc.org.

more events »

Horseshoe Celebrates Newly Minted Millionaires

Horseshoe Casino & Hotel Tunica recently hosted a Millionaire Maker dinner for eight of its weekly $1 million winners in the Millionaire Maker promotion dubbed “One Winner. One Million Dollars. Every Saturday.”

MEMPHIS LAW TALK

Tomlinson Finds Home With Employment Law

Courtney Tomlinson has known since the fifth grade that she wanted to be an attorney. Specifically, she had designs on being an environmental lawyer.

LOCAL COLUMNISTS

Should Kids Work?

Ray’s Take Like it or not, eventually most kids are going to have to enter the workplace, so why not let them learn something about the “real world” while school is still their main focus? After all, learning to balance work and other pursuits is central to a successful life.

Pro Relieved Near Loo, Amateur Pays Out Wazoo

Did you ever wonder if in golf you get a lift from the loo? Or if there’s a penalty for breaking and entering while on the course? Tourneys in May spoke to these issues. Kinda.

STATEWIDE

New Study Lauds Tennessee Charter Schools

NASHVILLE (AP) – A new study shows Tennessee is among 11 states in which charter school performance has outpaced traditional public school growth in both mathematics and reading.

STATE GOVERNMENT

Judge Says Children’s Services Official Should Go to Jail

NASHVILLE (AP) – A Nashville judge suggested on Wednesday that someone from the Department of Children's Services should go to jail for making extensive redactions to the records of children who died.

REGIONAL

Shareholders Approve Renasant Buying First M&F

JACKSON, Miss. (AP) – Shareholders overwhelmingly approved Renasant Corp.'s purchase of fellow Mississippi bank First M&F Corp. Tuesday.

NATIONAL BUSINESS

US Economy Grows at 1.8 Percent Rate in First Quarter

WASHINGTON (AP) – The U.S. economy grew at an annual rate of 1.8 percent in the first three months of the year, significantly slower than first thought. The steep revision occurred mostly because consumers spent less than previously estimated, a sign that higher taxes could be dampening growth.

Slower US Growth Might Lead Fed to Delay Tapering

WASHINGTON (AP) – The U.S. economy may not be strong enough for the Federal Reserve to slow its bond purchases later this year.

Bank of America Executive: Small Business is on the Comeback

NEW YORK (AP) – Robb Hilson's job as head of small business banking at Bank of America is to convince small business owners that the bank wants to do business with them.

NATIONAL GOVERNMENT

Supreme Court Strikes Federal Marriage Provision

WASHINGTON (AP) – In a historic victory for gay rights, the Supreme Court on Wednesday struck down a provision of a federal law denying federal benefits to married gay couples and cleared the way for the resumption of same-sex marriage in California.

Watchdog: IRS Fought Oversight in Tea Party Cases

WASHINGTON (AP) – The Internal Revenue Service long has resisted efforts by an internal watchdog to help groups seeking tax-exempt status, creating a culture that enabled agents to improperly target such organizations for additional scrutiny, the National Taxpayer Advocate reported Wednesday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 324 13,221
MORTGAGES 0 477 17,235
FORECLOSURE NOTICES 0 82 3,380
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 0 276 12,619
BUSINESS LICENSES 0 87 4,576
UTILITY CONNECTIONS 0 487 19,380
MARRIAGE LICENSES 0 122 4,031

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