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VOL. 129 | NO. 91 | Friday, May 9, 2014

Memphis Economic Indicator Presents Latest Snapshot

On the qualitative side of the latest Memphis Economic Indicator, a survey measuring general business sentiment produced jointly by The Daily News and Dixon Hughes Goodman LLP, respondents tended to put Memphis at a kind of inflection point at the moment.

Art With Heart

Creation Studios brings love of storytelling to work

A photography project done for Lipscomb & Pitts Insurance by Creation Studios owner Donny Granger illustrates his particular approach to creative work and to the way his photography studio and gallery operates.

Blues Hall Breaks Ground on South Main

Organizers of the Blues Hall of Fame will break ground Friday, May 8, on a physical home for the 34-year-old institution in the South Main Historic Arts District.

Tile Shop Inks Lease for First Area Store

A specialty retailer of high-quality tile will open its first location in Memphis later this year.

City Council Weighs Police Dollars, Oversight

The Memphis City Council on Tuesday, May 6, got its first detailed look at the Memphis Police Department’s budget proposal, which was followed by the council starting the process of bringing back to life the Police Civilian Review Board. That would begin with a series of community meetings and recommendations from a citizens group in August.

Politics Continues After County Primaries

A lot of the candidates from the Shelby County primary ballot were in the same room the day after the Tuesday, May 6, election.

SPORTS

Grizz Looking Forward to Next Season’s Grind

Tony Allen, still believing, had “packed for a three-day trip to L.A.” and another playoff confrontation with the Clippers.

NBA Fuels Fans’ Suspicion of Game Fixing

Just so there is no misunderstanding, let me answer this question first:

LOCAL COLUMNISTS

The One-Hour Vacation

DON’T KILL AN HOUR, LIVE ONE. The other day, I showed up for a 10:30 meeting in South Main. As often happens when Siri helps you with your calendar, coupled with chronic CRS, the meeting was actually at 11:30.

Transitioning Between Corporate and Nonprofit

Career transitions are all the rage these days. Whether it’s moving between jobs more frequently or updating your skill set midstream, change is happening. One trend growing in popularity is employees who are making a move between the nonprofit and corporate worlds.

NATIONAL GOVERNMENT

Yellen: Fed's Bond Holdings to Drop Only Gradually

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Thursday that the Fed's bond holdings will likely remain at high levels for up to eight years after it starts raising short-term interest rates.

Airlines Ask Congress to Roll Back Airfare Rule

WASHINGTON (AP) – Airlines tried and failed to block a federal rule making them tell passengers up front the full cost of airfare, including government taxes and fees. So they're trying another route, asking Congress to do what the Obama administration and the courts refused to do: roll back the law.

Obama Taps Tech World for Cash Amid Privacy Debate

LOS ANGELES (AP) – They come from different worlds – the buttoned-down political culture of Washington and the entrepreneurial, socks-optional, let's-do-this-faster ethos of Silicon Valley.

REAL ESTATE

Fannie, Freddie Post Solid Earnings for First Quarter

WASHINGTON (AP) – Government-controlled mortgage financers Fannie Mae and Freddie Mac posted solid earnings for the January-March period as the U.S. housing market continued to recover. Gains over recent quarters have enabled the companies to fully repay their taxpayer aid after being rescued by the government in 2008.

Average US 30-Year Mortgage Rate Falls to 4.21 Percent

WASHINGTON (AP) – Average U.S. rates on fixed mortgages fell this week for a second straight week as the spring home-buying season has gotten off to a slow start.

HEALTH CARE

Health Insurers Just Say No to Marijuana Coverage

Patients who use medical marijuana for pain and other chronic symptoms can take an unwanted hit: Insurers don't cover the treatment, which costs as much as $1,000 a month.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 114 11,552
MORTGAGES 100 142 15,121
FORECLOSURE NOTICES 47 47 2,958
BUILDING PERMITS 198 392 27,646
BANKRUPTCIES 60 128 11,090
BUSINESS LICENSES 19 37 4,075
UTILITY CONNECTIONS 120 323 16,809
MARRIAGE LICENSES 21 43 3,507

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The Memphis News: Business, politics, and the public interest.