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VOL. 129 | NO. 97 | Monday, May 19, 2014

Economic Experts Offer Analysis, Forecast

A report from Fitch Ratings May 14 declared that going forward the U.S. economy will have to grow without the help it has enjoyed in recent years from things such as low interest rates and government spending.

‘Higher Level’

New Graceland hotel resort signals neighborhood’s evolution

Elvis Presley Enterprises CEO Jack Soden described his job last week as conveying the excitement he feels about the coming of a 450-room hotel next door to Graceland, while tempering that with the reality that while he wants to get it done as quickly as possible, it might be done in phases.

Southwest Adds Flight to Houston

Memphis International Airport is gaining another nonstop daily flight.

Comic Convention Drops Ashlar Hall Plans

The Memphis Comic and Fantasy Convention says it no longer wants to be part of Ashlar Hall’s future under terms proposed by the building’s current owner.

Brooks Reaction Seeks Way Back to Minority Business Issues

At the end of a turbulent week, Shelby County Commissioner Henri Brooks offered several alternate explanations for her remarks about Hispanics and their experience as minorities in Memphis.

Local Weather
Today
Memphis, TN
43°F
Cloudy
Wind: 7 mph
Humidity: 71%

EVENTS

Methodist Le Bonheur Germantown Hospital will host a ribbon cutting for its expanded and renovated emergency room Tuesday, May 20, at 10 a.m. at the hospital, 7691 Poplar Ave. Visit methodisthealth.org.

more events »

School Leaders to Hold Third Community Forum

Shelby County Schools leaders will hold their third community forum Thursday, May 22, on the district’s goal of having 80 percent of its graduates ready for college or career by 2025.

SMALL BUSINESS

Mind Over Data Captures Imagination With Touch Screens

Mind Over Data is one of those Memphis companies that tends to fly under the radar, even though its high-tech handiwork can be found across the country and easily touches the imagination of people who encounter it.

LOCAL COLUMNISTS

How to Get Unstuck From a Rut

Perspective is everything. In life and work life this adage proves true time and time again.

Entrepreneurial Eagles

It was a gathering of eagles. You know, the people who like to soar, and, more importantly, they like to push eaglets out of the nest so that they can also learn to soar.

NATIONAL BUSINESS

AAA: Americans Ready to Travel After Rough Winter

NEW YORK (AP) – A strong case of cabin fever and a little more money to spend should inspire a greater number of Americans to hit the road this Memorial Day weekend.

Unemployment Rates Below 6 Percent in 25 US States

WASHINGTON (AP) – Unemployment rates fell in nearly all U.S. states last month, and half the states now have rates below 6 percent. The figures are a sign of widespread, if slow, improvement in the nation's job market.

Darden to Sell Red Lobster, Hold Onto Olive Garden

NEW YORK (AP) – Darden is setting Red Lobster adrift, but betting that it can still turn around Olive Garden's fortunes.

Government Fines GM Maximum $35 Million in Safety Case

WASHINGTON (AP) – U.S. safety regulators fined General Motors a record $35 million Friday for taking at least a decade to disclose defects with ignition switches in small cars that are now linked to at least 13 deaths.

REAL ESTATE

US Home Building Climbed 13.2 Percent in April

WASHINGTON (AP) – U.S home construction surged in April to its highest pace in five months. Almost all that increase came from the volatile apartment sector, a sign that Americans are still struggling to buy single-family homes.

HEALTH CARE

Hospitals Reach Out to Attract Affluent Immigrants

HOUSTON (AP) – The menu includes pork or chicken dumplings, fried rice or chicken congee soup with jasmine rice and ginger. It's an enviable repast that diners take in bed – hospital beds.

Study: Political TV Ads on Health Law Total $445 Million

CHICAGO (AP) – A new analysis finds the nation's health care overhaul deserves a place in advertising history as the focus of extraordinarily high spending on negative political TV ads that have gone largely unanswered by the law's supporters.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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