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VOL. 129 | NO. 161 | Tuesday, August 19, 2014

Council Reviews Pension Investment Changes

For the first time in months, Memphis City Council members have no committee discussions scheduled Tuesday, Aug. 19, on city health insurance benefits or proposed pension plan changes.

Turning Five

I Love Memphis blog celebrates its fifth year in operation

When she was first handed the reins of the I Love Memphis blog almost a year ago, Holly Whitfield said she planned to keep the blog’s brand intact and to keep reminding Memphians why the city is worth their affection.

Southwest’s Essex to Retire In 2015

The leader who guided the merger of the city’s two community colleges announced Tuesday, Aug. 19, that he will retire in June.

Commission Ends Term with Residency Guidelines and School Board Pay Raises

At the last meeting of their current four-year term of office, Shelby County Commissioners approved Monday, Aug. 18, a specific set of guidelines for future commissions to weigh residency challenges of elected county officials.

Marshall County in Running for Cummins Jobs

Add the burgeoning industrial area in Marshall County, Miss., to the list of communities competing for a significant chunk of the Cummins Inc. jobs that are currently in Memphis.

PILOT Critics Push for Fuller Accounting

One of the most vocal critics of payment-in-lieu-of-taxes economic development incentives – or PILOTs – says he intends to make them an issue in the 2015 Memphis elections.

Kyle Senate Seat Vacancy Process Begins

Local Democratic leaders began taking applications Monday, Aug. 18, for the state Senate District 30 seat in the Tennessee Legislature that becomes vacant Sept. 1.

Medtronic First-Quarter Profit Drops Almost 9 Percent

MINNEAPOLIS (AP) Medtronic Inc. on Tuesday reported net income that declined by nearly 9 percent in its fiscal first quarter, and beat analysts' expectations.

GOVERNMENT AGENDA

August 19 Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Aug. 19, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.

SPORTS

Slogan Sets Bar High for Tigers

Senior running back Brandon Hayes knows the Tigers were “close” in a lot of games last season, even though the final result was a 3-9 record.

Grizzlies Sign Draft Pick Jarnell Stokes to Deal

MEMPHIS (AP) – The Memphis Grizzlies have signed their second-round draft pick Jarnell Stokes to a multi-year contract.

REAL ESTATE RECAP

Developer Files Permit for Graceland-Area Hotel

3411 Elvis Presley Blvd., Memphis, TN 38116, Permit Cost: $3.5 million -
SNP Investments has filed a $3.5 million building permit with the city-county Office of Construction Code Enforcement for a four-story, 85-room Holiday Inn Express at 3411 Elvis Presley Blvd. in Whitehaven.

LOCAL COLUMNISTS

Leading by Example

Have you heard about Raymond Burse, the newly appointed interim president of Kentucky State University who voluntarily reduced his salary by 25 percent to ensure that all university employees would make a minimum hourly wage of $10.25?

MEMPHIS AREA

Beale Street Begins Charging Security Fee

MEMPHIS (AP) – Beale Street has instituted a policy that increases safety by charging visitors a new fee.

STATEWIDE

Community Health Details Attack on Patient Records

FRANKLIN, Tenn. (AP) – Hospital operator Community Health Systems said a cyberattack took information on more than 4 million patients from its computer network earlier this year.

Tenn. Attorney General: Parents Can't Give Kids New Last Names

NASHVILLE (AP) – Tennessee's attorney general says married parents can't invent new last names for their children.

REGIONAL

Mississippi Jobless Rate Rises in July, Stays US Worst

JACKSON, Miss. (AP) – Mississippi's unemployment rate continued to go in the wrong direction in July, remaining the highest in the nation.

NATIONAL BUSINESS

Consumer Prices Edge Up 0.1 Percent in July

WASHINGTON (AP) – U.S. consumer prices rose in July at the slowest pace in five months, held back by a drop in gasoline prices.

Dollar General Enters Bidding for Family Dollar

NEW YORK (AP) – Dollar General isn't about to be left out in the cold. The discounter is starting a bidding war for Family Dollar with an approximately $8.95 billion offer as it attempts to trump a Dollar Tree bid.

Google's Pivotal IPO Launched a Decade of Big Bets

SAN FRANCISCO (AP) – Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit.

TECHNOLOGY

Government Wants to Make Cars Talk to Each Other

WASHINGTON (AP) – The Obama administration said Monday it is taking a first step toward requiring that future cars and light trucks be equipped with technology that enables them to warn each other of potential danger in time to avoid collisions.

REAL ESTATE

US Home Construction Jumps 15.7 Percent in July

WASHINGTON (AP) – U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 269 16,682
MORTGAGES 0 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 0 287 15,829
BUSINESS LICENSES 0 67 5,558
UTILITY CONNECTIONS 0 413 23,986
MARRIAGE LICENSES 0 94 5,129

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