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VOL. 129 | NO. 45 | Thursday, March 6, 2014

Council Looks to Pinpoint Pension Numbers

The Tuesday, March 4, discussion Memphis City Council members had with Tennessee Comptroller Justin Wilson, Tennessee Treasurer David Lillard and consultants from four actuarial firms centered on the city’s pension liability.

City Sprouts

Urban agriculture movement grows in Memphis

The vacant homes and lots on Jennette Place near Walker Avenue and Mississippi Boulevard in South Memphis began germinating like an urban form of kudzu. They appeared like an invasive species in this proud neighborhood, spreading quickly, choking the life from viable properties and growing into a scourge that at one point seemed impossible to eradicate.

Lemmonds Forges New Venture on Broad

Elizabeth Lemmonds’ idea for a combination art space and fabrication shop, which she began pursuing after striking out on her own from the Start Co. organization last year, is coming together.

Collierville Schools Prepares for Parent ‘Angst’

UPDATE: In a special meeting Friday, March 7, the Germantown Municipal Schools board voted 3-0 to rescind its tuition requirement for open enrollment of students living outside Germantown.

GTx Reports Net Loss, Improved Cash Position

Memphis-based GTx reported a net loss of $7.8 million for the quarter ended Dec. 31 and an annual net loss of $42.1 million for 2013.

Local Weather
Today
Memphis, TN
63°F
Fair
Wind: 0 mph
Humidity: 56%

EVENTS

The Association of Fundraising Professionals will meet Thursday, March 6, from 11:30 a.m. to 1 p.m. at the Children’s Museum of Memphis education barn, 2525 Central Ave. Museum CEO Dick Hackett will present “Success Breeds Success.” Cost is $20 for members and $25 for nonmembers. Visit afpmemphis.org.

more events »

LOCAL COLUMNISTS

Do You Feel Lucky?

Ray’s Take: When thinking about your future, do you believe that you will be taken “feet first in a pine box” out of the home you worked so hard for during your younger years? Or do you sometimes get that uncomfortable feeling that you need to “knock on wood” as you look around at friends or acquaintances who have experienced a sudden change in health forcing a change in venue?

Oxymoronic and Iconic

The phrase “civil war” is an oxymoron, a contradiction in terms. And, of course, it’s generally used to refer to open hostilities between factions that occupy a common geographical sphere.

Looking Backward and Forward

The Look Back This time last year we predicted that 2013 would revive investor animal spirits. In fact, investors were downright euphoric last year, absolutely gorging themselves on stocks, buying at a record pace.

STATEWIDE

Coca-Cola Exploring Expansion in Chattanooga

CHATTANOOGA (AP) – Officials with Coca-Cola Bottling Co. United are looking at expanding in Chattanooga.

STATE GOVERNMENT

School Voucher Bill Advances in Tennessee House

NASHVILLE (AP) – A proposal to create a school voucher program in Tennessee is advancing in the House despite concerns from some lawmakers that the legislation would be detrimental to public schools.

Haslam Stands by Own Anti-Meth Proposal in House

NASHVILLE (AP) – Gov. Bill Haslam said Wednesday he is standing by his anti-meth proposal despite the bill being sidetracked in a House subcommittee earlier this week.

Senate Leaders Threaten UT Funding Over Sex Week

NASHVILLE (AP) – Republican leaders in the state Senate are warning that new funding for the University of Tennessee could be threatened over the use of student fees for a weeklong program about sex.

NATIONAL BUSINESS

US Service Sector Grew at Slower Pace in February

WASHINGTON (AP) – U.S. service companies expanded more slowly in February as hiring levels declined in a cautionary sign for the economy coming out of winter.

NATIONAL GOVERNMENT

Court Weighs Securities Fraud Case Changes

WASHINGTON (AP) – The Supreme Court on Wednesday seemed open to the possibility of making it harder for investors to join together to sue corporations for securities fraud – but maybe not as hard as companies that have to defend such lawsuits would like.

HEALTH CARE

2-Year Extension Offered for Canceled Health Plans

WASHINGTON (AP) – Warding off the specter of election-year health insurance cancellations, the Obama administration Wednesday announced a two-year extension for individual policies that don't meet requirements of the new health care law.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

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