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VOL. 128 | NO. 96 | Thursday, May 16, 2013

Grizz Claw Into Conference Finals

His team had just overcome a 17-point first-half deficit and beaten Oklahoma City in overtime to win Game 4 and take a commanding 3-1 lead in their best-of-seven Western Conference semifinal series. So someone asked Grizzlies coach Lionel Hollins if he was impressed.

West Nile Warning

County sees earliest ever occurrence of mosquitoes infected with virus

As summer approaches, Memphians who enjoy being outdoors in the evening might want to consider taking protective measures.

School Board Considers Funding Shifts

When countywide school board members begin considering changes Thursday, May 16, to the $1.18 billion budget proposal before them, there will be few easy choices.

Luttrell Outlines Revenue Path to Near $35 Million New Schools Money

Shelby County Mayor Mark Luttrell is proposing a $4.38 county property tax rate for the new fiscal year that begins July 1. That along with several other fiscal moves would give the consolidated school system the nearly $35 million in extra funding in the school system’s still tentative budget.

Profitable Year Has Paragon Upbeat

Executives with Paragon National Bank laid out for shareholders this week a set of strategic objectives for 2013 that included making continued progress toward wringing problem assets out of the bank and improving the bank’s earnings power.

Local Weather
Today
Memphis, TN
81°F
Partly Cloudy
Wind: 10 mph
Humidity: 41%

EVENTS

The Memphis in May World Championship Barbecue Cooking Contest will be held Thursday, May 16, through Saturday, May 18, at Tom Lee Park, on Riverside Drive Downtown. Tickets are $9 at the gate. Visit memphisinmay.org.

more events »

River Infrastructure Fee Tough Sell in DC

U.S. Rep. Stephen Fincher told a group of business owners and others who work on the Mississippi River that the political environment in Washington is changing.

MEMPHIS LAW TALK

Medlock Takes Talents From Soccer Field to Courtroom

After graduating from Germantown High School, Steven Medlock left Memphis for the bluegrass of Western Kentucky University.

LOCAL COLUMNISTS

Talk About Money Before Taking Vows

Ray’s Take You’re blissfully in love and happily engaged to your soul mate. The future looks idyllic. Unfortunately, that doesn’t mean your fiancé is your ideal financial mate. In fact, a study by professors from The Wharton School and Northwestern University revealed financial opposites tend to be attracted to each other, and those marriages often face significant challenges. With some honest and open discussion in advance, that doesn’t have to happen to you.

Stuff to Know About an Atlanta Burger Joint

ATLANTA – On a weekend trip to this, the city where we honeymooned four decades ago, Susan and I find ourselves in a place touting the “best burgers in Atlanta.” On its menu is the “Fat Elvis,” a half-pound of meat “slathered with a King-sized helpin’ of smooth peanut butter, bacon and fried bananas.” Neither of us opts in for this.

More Tips on Selling the Business

I’d like to offer a counterpoint to a recent Daily News column that I presented a slanted view of the process used by investors to acquire the business of an entrepreneur (April 19, Selling the Business: Games Buyers Play).

STATE GOVERNMENT

Henry Discusses Decision Not to Seek Re-Election

NASHVILLE (AP) – Longtime Sen. Douglas Henry said Wednesday that his health and the high cost of campaigning were factors in his decision not to seek re-election next year, even though he believes he could win if he did run.

NATIONAL BUSINESS

Southwest to Save by Delaying Delivery of Planes

DALLAS (AP) Southwest Airlines Co. is delaying delivery of new airplanes and filling the gap with used planes to reduce spending over the next five years.

Retiring Boomers Driving Sales of Small Businesses

NEW YORK (AP) – Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions.

NATIONAL GOVERNMENT

Holder: Potential Civil Rights Violations at IRS

WASHINGTON (AP) – The FBI's criminal investigation of the Internal Revenue Service could include potential civil rights violations, false statements and potential violations of the Hatch Act, which prohibits federal employees from engaging in some partisan political activities, Attorney General Eric Holder said Wednesday.

House Panel Set to OK Cut in Food Stamp Program

WASHINGTON (AP) – A House committee rebuffed Democratic efforts Wednesday to keep the $80 billion-a-year food stamp program whole, as debate on the farm bill turned into a theological discourse on helping the poor.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 146 10,368
MORTGAGES 95 202 13,529
FORECLOSURE NOTICES 19 43 2,687
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 62 122 10,014
BUSINESS LICENSES 21 37 3,773
UTILITY CONNECTIONS 99 248 14,805
MARRIAGE LICENSES 27 58 3,225

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