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VOL. 128 | NO. 202 | Wednesday, October 16, 2013

Shelby County Housing Permits Drop 14 Percent in Quarter

Shelby County’s homebuilding industry showed signs of cooling in the third quarter, with builders pulling 14 percent fewer permits than in the same period a year ago.

Flagship Facility

NexAir unveils new welding lab, renovated Downtown space

NexAir, one of the largest distributors of atmospheric gases and welding supplies in the country, recently debuted a new advanced welding and cutting demonstration lab at its renovated Downtown headquarters on Walnut Street.

Comptroller Letter Emphasizes Pension Decisions To Come

If anyone at City Hall has any illusions that the state of Tennessee is no longer concerned about city government’s unfunded pension liability, Tennessee Comptroller Justin P. Wilson cleared up that point earlier this month with a letter to Memphis Mayor A C Wharton Jr. that was released Tuesday, Oct. 15.

Council Approves Beale Deal, Delays Highland McDonald's

Memphis City Council members sent a plan Tuesday, Oct. 15, to settle the last barrier to direct day to day city control of the Beale Street entertainment district to a federal bankruptcy judge.

Southern Airways Raising Capital for Growth

Memphis-based carrier Southern Airways is raising a new round of capital to fund its plans for growth across the company’s five-state footprint.

Local Weather
Today
Memphis, TN
64°F
Fair
Wind: 0 mph
Humidity: 40%

EVENTS

Cannon Wright Blount will hold a QuickBooks seminar Wednesday, Oct. 16, from 9 a.m. to 11 a.m. at its office, 756 Ridge Lake Blvd. The session will cover setting up payroll items and employees, time tracking, and paying employees and tax liabilities. Cost is $75. Visit cannonwrightblount.com/resources to register.

more events »

US Bank Accused of Housing Discrimination in Memphis

A fair housing organization is accusing a second major bank of discriminating against minority neighborhoods and property owners in Memphis for the way it handled bank-owned properties.

St. Jude Selects Kun as Clinical Director

St. Jude Children’s Research Hospital has appointed senior physician and internationally recognized radiation oncologist Dr. Larry Kun as its new clinical director and executive vice president.

Shelby County Schools to Apply for Head Start Funding

A larger Head Start program run by the Shelby County Schools system would have a much smaller front office than the one through which Shelby County government administers the $23 million program.

Short-Term Leases Next for South Memphis

The temporary storefronts are down at Mississippi Boulevard and Walker Avenue in South Memphis from this weekend’s MEMfix event.

Bigfish Bringing Community Bulletin Board to Overton Square

To say that Memphis-based creative agency Bigfish doesn’t follow a traditional agency playbook would be an understatement.

Tigers Desperately Seeking Offense

It might be obscured by the record – 1-4 overall, 0-2 in the American Athletic Conference – but the University of Memphis football team has a good defense.

MEMPHIS NEWSMAKERS

Blume Named to Tennessee Real Estate Commission

Gary Blume, a veteran agent with RE/MAX Real Estate Experts, has been appointed by Gov. Bill Haslam to a five-year term on the Tennessee Real Estate Commission. Blume is a past president of the Memphis Area Association of Realtors and has served twice as president of the Tennessee Real Estate Educational Foundation.

LOCAL COLUMNISTS

Top Twitter Turnoffs

Twitter users often make a split-second decision whether to follow you, which means you have to make a positive first impression to gain new followers.

STATEWIDE

Some Pilot Customers Won't Take Settlement

NASHVILLE (AP) – A speedy settlement by some companies with the truck-stop chain owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam won't put an end to the case.

NATIONAL BUSINESS

Warren Buffett Backs New Business Kits for Kids

OMAHA, Neb. (AP) – Earlier this year, Warren Buffett congratulated a group of three Kentucky kids for developing kits to help their peers set up businesses.

Wal-Mart Announces Disciplined Store Expansion

NEW YORK (AP) – Wal-Mart Stores says that it plans to spend anywhere from $11.8 billion to $12.8 billion in capital expenditures for fiscal 2015.

NATIONAL GOVERNMENT

New House GOP Plan as Debt-Limit Deadline Nears

WASHINGTON (AP) – Time growing desperately short, House Republicans pushed for passage of legislation late Tuesday to prevent a threatened Treasury default, end a 15-day partial government shutdown and extricate divided government from its latest brush with a full political meltdown.

Supreme Court Won't Hear Tennessee Resegregation Case

WASHINGTON (AP) – The Supreme Court won't hear an appeal asking courts whether the rezoning of metro Nashville schools in 2009 was a pretext for resegregation.

Alexander Raises $838,000 in Quarter for Senate Race

NASHVILLE (AP) – Republican U.S. Sen. Lamar Alexander has raised nearly $838,000 in the third quarter for his re-election bid.

HEALTH CARE

Obama Administration Projected Strong Health Plan Signups

WASHINGTON (AP) – The Obama administration's internal projections called for strong enrollment in the states in the first year of new health insurance markets, according to unpublished estimates obtained by The Associated Press. Whether those expectations will bear out is unclear.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 0 86 3,972
BUILDING PERMITS 431 872 36,714
BANKRUPTCIES 54 232 14,575
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 10 83 4,746

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