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VOL. 129 | NO. 119 | Thursday, June 19, 2014

FedEx Earnings Beat Estimates

Fueled by a surge in e-commerce leading to increased gains in its Ground division, FedEx on Wednesday reported higher than expected earnings for the quarter that ended May 31.

Back on Track

Horizon, One Beale poised for comeback

Two major Downtown projects that suffered setbacks after the real estate market seized up when the recession battered the economy are poised for a comeback.

Long Council Day Comes With Change, Emotions

It was apparent early in the long council day Tuesday, June 17, at City Hall that there wouldn’t be many amendments to the $600 million operating budget and $84 million capital budget the council would approve later that evening.

Rape Kit Backlog Report Finds No Blame

The city’s report on the largest backlog of untested rape kits in the country concludes there was “no malice or wanton disregard or conspiracies” to ignore police and other policies governing the handling of such cases.

Future Uncertain But Innovation Team’s Work to Continue

Though the future of the Mayor’s Innovation Delivery Team in Memphis is uncertain at this point, the work it’s involved in – incubating businesses and activating neighborhoods, for example – appears set to continue.

Brooks: Assault Charge Being Used by ‘Detractors’

The same day that she announced she was quitting her job at Methodist Le Bonheur Healthcare, Shelby County Commissioner Henri Brooks’ mug shot on an assault charge wound up on the top row of the front page of “Just Busted.”

LOCAL COLUMNISTS

Identity Theft and Social Media

Ray’s take: You just logged into your online banking and your account is empty. You go to apply for a loan and are told you don’t qualify due to overextended credit. You file your tax return only to discover it has already been filed and your refund check issued and cashed. These are some of the very real things that have happened due to identity theft.

More ‘Unicorns,’ More Rosenfelt

When I wrote about the 2014 Little Rock Film Festival, I reviewed, in three paragraphs, “I Believe in Unicorns.” This just in from that film’s director, Leah Myerhoff: “I appreciate your thoughtful response to the film. However, [please] make one correction: the lead actress is Natalia Dyer, not Amy Seimetz.”

REGIONAL

Tunica Reels as Competition, Recession Hit Casinos

TUNICA RESORTS, Miss. (AP) – It was 3:30 p.m. on a Monday in May at Harrah's Tunica Hotel & Casino in northwestern Mississippi.

What to Aid Ailing Casino Market

TUNICA RESORTS, Miss. (AP) – As Tunica grapples with the Harrah's closure, the state of Mississippi hasn't acted to support the industry. But there are proposals under discussion that might bolster the remaining casinos and the tax revenue they produce. Here's a brief look at some:

NATIONAL GOVERNMENT

Yellen: US Economy Still Needs Help From Fed

WASHINGTON (AP) – The U.S. economy still isn't healthy enough to grow at a consistently strong pace without the Federal Reserve's help.

Lawmakers Press GM on Report's Findings

WASHINGTON (AP) – Lawmakers expressed disbelief Wednesday at General Motors' explanation for why it took 11 years to recall millions of small cars with defective ignition switches, and also confronted its chief executive with evidence that the company dragged its feet on a similar safety issue in different vehicles.

TECHNOLOGY

Amazon Ties New 4.7-Inch Phone to Its Services

SEATTLE (AP) – Amazon has introduced a new smartphone with audio and object recognition technology that seeks to make it easier for consumers to locate and purchase products and services from the nation's largest e-commerce company.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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