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Editorial Results (free)

1. Wharton Outlines $596 Million Budget Plan -

Memphis Mayor A C Wharton Jr. warned Tuesday, April 15, that “half measures” in converting city employees to a defined contributions benefits plan would not restore the city’s financial health and resolve an unfunded pension liability of hundreds of millions of dollars.

2. Yellen Signals More Aggressive Stance Toward Banks -

WASHINGTON (AP) – The Federal Reserve may be about to turn more aggressive in its regulation of the financial system.

Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system.

3. Is Hot Market for IPOs Cooling? -

NEW YORK (AP) – A hot market for initial public offerings may soon face a cooler reception from investors.

IPOs are having their best start to a year since 2000. Eighty-nine companies have raised $19 billion through sales of new stock so far in 2014. But demand for more offerings depends largely on the health of the broader market, and after last week's sell-off, the clamor from buyers may quiet down.

4. Brewery Project Looks for Answers -

When the Untapped event at the Tennessee Brewery ends June 1, the fortress-like landmark on the south bluffs will still be tentatively slated for demolition in August.

But organizers of the event, which mixes live entertainment, local beer and food, and the experience of gathering in a long-closed courtyard, hope some answers will have emerged about a possible life beyond August.

5. Bank of America Paying $772 Million Over Credit Card Extras -

WASHINGTON (AP) – Bank of America Corp. is paying $772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive.

6. Diversify to Help Your Taxability -

Ray’s Take: Planning for the tax portion of your retirement can have an important impact on the longevity and quality of retirement savings. Various investment and savings instruments are taxed in different ways, so building a pool with different levels can help you with your taxes.

7. Fourth Annual MED Night Raises Hospital Awareness -

“Celebrate good times, come on!” The song by Kool & the Gang – this year’s MED Night: A Soul Celebration headliner – pretty much encapsulates not only the night, but the overall feeling about Regional One Health’s vision and new direction.

8. Council Unhappy With Budget Plans So Far -

The administration of Memphis Mayor A C Wharton Jr. got a rough reception at the Tuesday, April 1, Memphis City Council session as it set the stage for Wharton’s budget proposal to come in two weeks.

9. Methodist University Hospital Names Liebman New CEO -

Jeff Liebman has joined Methodist University Hospital as chief executive officer. In his new role, Liebman said, he will ensure the hospital continues to be a community resource providing the highest possible quality of care to the community while following the guidelines of the Methodist LeBonheur mission.

10. Nearly All Major US Banks Pass Fed 'Stress Tests' -

WASHINGTON (AP) – All but one of the nation's 30 largest banks are better able to withstand a severe U.S. recession and global downturn than at any time since the financial crisis, the Federal Reserve has determined.

11. Richmond Honan Buys Quince Centre for $10 Million -

6555 Quince Road
Memphis, TN 38119
Sale Amount: $10.4 million
Sale Date: March 7, 2014

12. Campaign Packaging -

Part one of a two-part series. Do you need to raise money for your nonprofit? If you answer “yes,” you are in good company. Fundraising is critical for most nonprofits and it takes time to build relationships that generate the revenue needed to operate.

13. Blast of Winter Weather Can't Faze US Employers -

WASHINGTON (AP) – Brutal winter weather snarled traffic, canceled flights and cut power to homes and factories in February. Yet it didn't faze U.S. employers, who added 175,000 jobs, far more than the two previous months.

14. Triumph Bank Meeting To Highlight Banner Year -

Triumph Bank is holding its annual meeting next month in a locale that’s different from the traditional conference room setting where banks tend to make their yearly presentation to shareholders.

15. Lot Dearth Problematic for Builders -

A dwindling supply of developed lots could threaten the nascent local homebuilding rebound, according to homebuilders.

“It’s going to eventually sidetrack the recovery because there’s not enough lots being developed to replace the supply,” said Charles Morgan of Vintage Homes LLC.

16. Lakecrest II Sells for $4.6 Million -

The Lakecrest II office building in East Memphis has changed hands again.

Southland Primacy LLC acquired the 129,104-square-foot office building at 6055 Primacy Parkway from Jefferson-Pilot Investments Inc. Feb. 28 for $4.6 million.

17. Obama 2015 Budget Focuses on Boosting Economy -

WASHINGTON (AP) – President Barack Obama sent Congress a $3.9 trillion budget Tuesday that would funnel money into road building, education and other economy-bolstering programs, handing Democrats a playbook for their election-year themes of creating jobs and narrowing the income gap between rich and poor.

18. Transcripts Show Fed at Times Slow to Grasp Crisis -

WASHINGTON (AP) – The Federal Reserve agonized in 2008 over how far to go to stop a financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude.

19. Breaking Through -

If it was just an abstraction or a mere theory, it wouldn’t have a definition in the dictionary or a website. It would simply be another urban myth.

But with a few keystrokes you can go right to www.glassceiling.com. And the dictionary definition of “glass ceiling” is tangible – “an unfair system or set of attitudes that prevents some people (such as women or people of a certain race) from getting the most powerful jobs.” In fact, you can almost see a woman stuck in middle management, briefcase in hand, staring up at that glass ceiling and wondering: Where do I find the ladder that gets me from here to there?

20. Sector Capital Management Independent Again -

Three years after its acquisition by Argent Financial Group, Memphis-based Sector Capital Management is an independent company again.

Sector CEO Reed Walters led the negotiations to buy back the wealth management firm in the wake of Louisiana-based Argent going on something of an acquisition spree in recent years. Sector also has relocated from Argent’s office at The Crescent Center to the Atrium I building at 6800 Poplar Ave.

21. Jos. A. Bank Buying Eddie Bauer in $825 Million Deal -

After months of flirting with the idea of combining with a rival, Jos. A. Bank has decided it is better suited for another men's clothing brand.

22. PILOT Reform -

Nike is in the midst of a $301 million expansion of its Northridge plant in Frayser, a project that means the Beaverton, Ore.-based company will create 250 new jobs and retain 1,600 existing local jobs.

23. Council Hears More on Police and Fire Budget Decisions -

Memphis City Council member got deeper Tuesday, Feb. 4, into the specifics of Memphis Police and Fire Department budget decisions.

But they didn’t get a clearer picture of what the direction forward will be as they and Memphis Mayor A C Wharton Jr. prepare to make some hard decisions about public safety in dealing with the city’s unfunded pension liability.

24. Destination: Memphis -

On a slow Sunday afternoon Downtown with the Broncos and Chargers NFL playoff game on a bar TV screen, a trio of 20-somethings – two men and one woman – watched the game, speculated about whether the Grizzlies were playing a few blocks away and quizzed one another about their plans for the future.

25. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

26. New Life -

When Rob Clark and his wife moved into their home in the historic Evergreen neighborhood in 1993, catalog and distribution operations were still active at the Sears Crosstown building.

That soon changed, and for roughly two decades the hulking property stood as a towering, painful reminder of the area’s faded glory.

27. KBM Group Growing at Clark Tower -

A digital marketing agency is expanding at Clark Tower in East Memphis.

KBM Group, which is part of Wunderman/WPP, one of the world’s largest marketers, is expanding at Clark Tower less than a year after moving into the East Memphis office building, 5100 Poplar Ave.

28. How to Get Ahead in Business With a Short Resume -

NEW YORK (AP) – Hey twentysomethings, dreaming of trading in the safety of a regular paycheck to start your own business? There's no secret sauce. Instead, founders of three companies have obvious tips: Work hard, network and ask for help.

29. Debt and Liability -

There is rarely a good answer to the question “How much?” in politics.

With issues including the unfunded pension liability, overall debt, and revenue estimates and their validity, City Hall’s overall money problem begins but hardly ends with the question. It won’t be that simple.

30. Congress Letting 55 Tax Breaks Expire at Year End -

WASHINGTON (AP) – In an almost annual ritual, Congress is letting a package of 55 popular tax breaks expire at the end of the year, creating uncertainty – once again – for millions of individuals and businesses.

31. Highland Street Family Dollar Sells for $1.6 Million -

656 S. Highland St.
Memphis, TN 38111
Sale Amount: $1.6 million

Sale Date: Dec. 2, 2013
Buyer: Amicorp Enterprises Inc.
Seller: DCTN3 328 Highland Memphis TN LLC
Loan Amount: $600,000
Loan Date: Nov. 25, 2013
Maturity Date: N/A
Lender: The Bank of Hemet
Details: The Family Dollar retail store at 656 S. Highland St. near the University of Memphis has sold for $1.6 million.

32. Lindow Rejoins The Centre Group -

Tracy Lindow has rejoined The Centre Group human resources firm as a senior consultant following several years in Germany. As a senior consultant, Lindow will help organizations improve their bottom line through human asset development by leveraging compensations strategies, executive search, employee attitude research and leadership skills development.

33. Cordova Creek Apartments Sell for $12.5 Million -

1175 N. Germantown Parkway
Memphis, TN 38016
Sale Amount: $12.5 million

34. Wunderlich Caps 2013 With Big Investment -

In October, Wunderlich Securities Inc. CEO Gary Wunderlich traveled to Washington to testify in front of a congressional panel about promoting capital formation and job creation on behalf of the Securities Industry and Financial Markets Association.

35. Holiday Shopping Season: A Disappointment So Far -

NEW YORK (AP) – Sparse crowds at malls and "50 percent off" signs at The Gap, AnnTaylor and other stores give a clue as to how the holiday season is going.

This is shaping up to be the most discount-driven holiday season since the country was in a deep recession. It's also one of the most disappointing for stores.

36. US Ban on High-Risk Bank Trades Approved -

WASHINGTON (AP) – U.S. regulators have taken a major step toward reining in high-risk trading on Wall Street, banning the largest banks from trading for their own profit in most cases.

37. Methodist Pays $22.5 Million for Germantown Facility -

7945 Wolf River Blvd.
Germantown, TN 38138
Sale Amount: $22.5 million

38. US Service Firms Expanded More Quickly in October -

WASHINGTON (AP) – Activity at U.S. service firms accelerated in October behind a jump in sales and more hiring, suggesting businesses largely shrugged off the partial government shutdown.

39. Developer Buys Land for Somerset Subdivision -

26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million

Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3 acres near the intersection of Germantown and Neshoba roads.

40. Fed Leaves Low Interest-Rate Policies Unchanged -

WASHINGTON (AP) – The Federal Reserve says the U.S. economy still needs support from its low interest-rate policies because it is growing only moderately.

In a statement Wednesday after a policy meeting, the Fed said it would keep buying $85 billion a month in bonds to keep long-term interest rates low and encourage borrowing and spending.

41. Williams Honored by Tennessee Urban Forestry Council -

Laurie Williams, adult education coordinator at Memphis Botanic Garden, was recently awarded the Tennessee Urban Forestry Council’s President’s Award for her contribution to establishing and maintaining viable community forests in Tennessee. Williams was one of seven individuals the urban forestry council honored this year.

42. Retiring Moore ‘Transformed’ Chamber -

When John W. Moore took the reins of the Greater Memphis Chamber in 2005, the organization was at the end of its latest economic development campaign and financial resources were strained.

“We were in incredible financial distress when I took over,” Moore said. “We weren’t even going to make the next payroll and it was really scary, but the chamber now is on great financial footing thanks to the hard work of a great team.”

43. Performance Ranges Widely at Local Companies -

Here’s a snapshot of the recent performance of some of Memphis’ publicly traded companies – businesses that cast a shadow far beyond the Memphis city limits in industries including finance, package delivery and bioscience.

44. Fisher Joins Boy Scouts Chickasaw Council as CEO -

Richard L. Fisher has joined the Chickasaw Council of the Boy Scouts of America as chief executive officer. In his new role, Fisher will extend character development and leadership skills to youth who live in the Chickasaw Council territory, which includes the Mississippi Delta, Memphis, and Shelby and Crittenden counties.

45. Beware Of Fundraising By Crisis -

The first 16 days of October were a demonstration of “governing by crisis.” The federal government was shut down, hundreds of thousands of government employees were furloughed; small businesses, nonprofits, and individuals were impacted in ways big and small; and the business of governing was brought to a standstill because Congress could not pass a budget.

46. First Horizon Reports Third Quarter Loss -

The Memphis-based parent company of the largest bank based in Tennessee swung to a third quarter loss, with a $200 million addition to its mortgage repurchase reserve contributing to a loss for the quarter of $107.5 million.

47. Community Oasis -

A visitor walking the winding, sun-dappled paths of Memphis Botanic Garden past stands of maple trees and beds of hydrangeas might never guess that there was a time when a black cloud hung low over the East Memphis attraction.

48. Raymond James Boosts Local Community Efforts -

A new website and a significant sponsorship are two of the latest ways Raymond James Inc. is demonstrating its commitment to Memphis.

49. New Jersey Firm Buys Pendleton Place Apartments -

1780 Pendleton St.
Memphis, TN 38114
Sale Amount: $3.1 million

Sale Date: Sept. 11, 2013
Buyer: Pendleton Apartments LLC
Seller: Pendleton Investors LLC
Details: An affiliate of Teaneck, N.J.-based The Aspen Cos. has paid $3.1 million for the Pendleton Place Apartments at 1780 Pendleton St. in the Defense Depot area.

50. The Fed Sets Fed Policy -

The Fed has two primary job descriptions. First, keep prices stable. Second, promote an environment of economic growth that provides employment opportunities. Which is more important?

Economic crises at their core typically consist of disruption in financial and currency markets. Once the financial transmission mechanisms fail, hard recessions and unemployment spikes follow. I struggle to identify a crisis scenario where the catalyst was a spike in unemployment that led to a disruption in the financial and currency markets. Therefore, a central bank’s first and highest priority should be maintaining price stability.

51. International Paper Keeps Eye on Rainy Summer -

The president and CEO of Memphis-based International Paper Co. has been watching the weather a lot lately.

52. First Horizon Copes With Customers’ Evolving Needs -

First Tennessee Bank will celebrate its 150th birthday in March. Leading up to that milestone, the way the venerable institution’s customers are engaging with its products and services is in the midst of a radical transformation – something that’s been the case for the last few years but the pace of which now is accelerating, the chief executive of the bank’s parent company told analysts this week.

53. Citi Executive Works to Improve Small-Business Status -

NEW YORK (AP) – When small-business owners hear the name Citigroup, they're more likely to think of a bank that caters to big corporate and international clients, not one that will serve their needs.

54. Examine Pros, Cons of IT Leasing Carefully -

Every business from time to time has to consider a potentially expensive information technology equipment replacement or upgrade. For example, a start-up business often has to make an initial investment in servers, workstations, software packages or other technologies. Sometimes, even the most well established businesses don’t plan appropriately for hardware or software upgrades, and can be surprised by the amount of capital needed.

55. Memphis Economic Indicator Seeks Participants -

The end of the third quarter is approaching, which means it’s time once again to hear what members of the local business community have to say about the direction of the economy.

The Daily News rolled out a new feature, the Memphis Economic Indicator, in the second quarter. It’s a six-question survey measuring general business sentiment, and the newspaper’s partner for the feature is Dixon Hughes Goodman LLP.

56. A Welcome Divergence -

One of the most dominant themes prior to the financial crisis was the great convergence of global markets. Bond markets seemed to synchronize around a “global” rate regime and stock markets seemed to synchronize around “global” growth rates. What began with the disaggregation of European bond yields has now spread across asset markets as well.

57. Woeppel Named CEO of UT Medical Group -

Charles “Chuck” Woeppel has been named chief executive officer of UT Medical Group Inc. Woeppel, who has served as the organization’s chief operating officer since 2012, will also continue in that role.

58. Memphis Suit Project Aims to Dress the Needy -

Three Memphis businessmen have started a nonprofit venture to help young men literally suit up for opportunities they encounter – the kind of opportunities that make it possible to advance in life and that require the participant to dress for the occasion.

59. Fertile Ground -

In 1947, two parcels of land on the eastern boundaries of Memphis were purchased for $400,000 to be used as a new city park.

At the suggestion of political boss E.H. Crump, an avid bird enthusiast, the park was nearly named Bluebird, yet would come to be known as Audubon Park, home to a shooting range and golf course among other amenities.

60. Four Memphis Startups Win Spots in ‘The TENN’ -

Memphis’ startup community continues collecting recognition beyond the city limits to go along with the steady attraction of new platforms, investments, mentors and programs for startups here.

61. Microsoft Says CEO Ballmer to Retire in 12 Months -

NEW YORK (AP) – Microsoft CEO Steve Ballmer, known as much for his zany personality as his business discipline, will leave a legacy of mixed results and a monumental challenge for his yet-to-be-named successor.

62. Nasdaq Resumes Stock Trading After 3-Hour Outage -

NEW YORK (AP) – Trading on the Nasdaq stock exchange resumed Thursday after a three-hour halt caused by a technical glitch.

Other exchanges were operating normally.

Nasdaq trading resumed at 3:25 p.m. EDT after being halted shortly after noon because of problems with a quote dissemination system. The Nasdaq composite rose in afternoon trading.

63. Aerotropolis Manager Bowman Completes Delta Leadership Program -

Chad Bowman, aerotropolis project manager for the Memphis and Shelby County Division of Planning and Development, has graduated from the Delta Leadership Institute Executive Academy, a yearlong Delta Regional Authority program designed to foster collaborative initiatives across the Delta region.

64. US Retail Sales Up 0.2 Percent in July -

WASHINGTON (AP) – U.S. retail sales edged up in July despite a drop in auto sales. A category of purchases that excludes the most volatile areas rose by the most in seven months, a sign that consumer spending could boost economic growth in coming months.

65. BlackBerry Weighs Putting Itself Up for Sale -

TORONTO (AP) – BlackBerry will consider selling itself after the long-awaited debut of its new phones failed to turn around the struggling smartphone maker.

The company said Monday that its board has formed a special committee to explore "strategic alternatives" in hopes of enhancing the company's value and boosting adoption of its BlackBerry 10 platform.

66. Pennington Chosen to Lead Boys & Girls Clubs -

Just in time for the start of the new school year, The Boys & Girls Clubs of Greater Memphis has announced a change in executive leadership, as chief financial officer Larry Pennington has been chosen as acting CEO on an interim basis. He replaces Vincent Borello, who resigned as president and CEO to pursue other opportunities.

67. Rising Tax Revenue Eases Pressure for Budget Cuts -

WASHINGTON (AP) – Rising tax receipts are shrinking the federal deficit, and that will shape the budget debate when Congress returns from vacation next month. The big question for lawmakers: Should they renew, end or modify the tens of billions of dollars in "sequester" cuts in government spending that took effect earlier this year?

68. FBI Promotes McCall to Special Agent in Charge -

A. Todd McCall has been named special agent in charge of the FBI’s Memphis division, one of the bureau’s 56 field offices nationwide. McCall, who most recently served as chief of the digital forensics and analysis section in the Operational Technology Division, is now responsible for the management and oversight of more than 200 personnel and all investigative matters under the FBI’s jurisdiction spanning from Memphis to Cookeville, Tenn.

69. Growth at US Service Firms Jumps on New Orders -

WASHINGTON (AP) – U.S. service firms expanded in July at the fastest pace since February, fueled by a brisker month of sales and a jump in new orders. The increase suggests economic growth could be picking up after a weak first half of the year.

70. Made in Memphis -

Memphis’ geography is limited to roughly 300 square miles, but its identity stretches beyond the city limits, resonating to the far corners of the globe.

The city’s brand has obvious cornerstones, such as its place in the nation’s cultural topography. But setting aside those no-brainers, like the rock ‘n’ roll innovator whose mansion in Whitehaven still attracts gawkers from around the world, a lot of what makes Memphis’ story is the story of what’s made in Memphis.

71. Memphis Economic Indicator Surveys Landscape -

The inaugural Memphis Economic Indicator, a new online survey launched by Dixon Hughes Goodman LLP and The Daily News to measure general business sentiment, shows little consensus about the local economy.

72. Hudson's Bay Buying Saks for About $2.4 Billion -

NEW YORK (AP) – Don't let the global economy fool you: Luxury is hardly dead.

Saks Inc. agreed to sell itself to Hudson's Bay Co., the Canadian parent of upscale retailer Lord & Taylor, for about $2.4 billion in a deal that will bring luxury to more North American locales.

73. Editorial: Financial Stability Critical for City -

At the overtime sudden death end of the local budget season, if you live in Memphis you leave with a combined $7.78 cent tax rate – city of Memphis and county property tax rates – the highest property tax rate in the state of Tennessee.

74. Detroit’s Woes Worry Wharton -

Memphis Mayor A C Wharton Jr. doesn’t think Memphis has the long-term financial problems or the indifference to those problems that prompted city leaders in Detroit to file an unprecedented bankruptcy last week.

75. First Horizon Posts Second Quarter Profit -

First Horizon National Corp. posted earnings per share of $0.17 for the second quarter – a “solid, but not great” period for the bank, in the words of one analyst.

76. Banks' Earnings Pop Masks Deeper Concerns -

NEW YORK (AP) – Major U.S. banks have turned in big profit gains this season, but the news isn't all good.

Much of the earnings increase is coming from cutting costs, rather than growing their core lending businesses. A boom in mortgage refinancing looks like it's about to peter out. And regulators are considering stricter new rules that would force the banks to shore up their cash.

77. Historic Transformation -

Around nine years ago Scott Blake was walking to St. Mary’s Episcopal Cathedral when he noticed a window in the tower at the historic James Lee House in Victorian Village had been blown out, exposing it to the elements.

78. Room Race -

To illustrate the stiff competition Memphis faces in landing conferences and conventions because of hotel room capacity available in the city, Memphis-based hotel consultant Chuck Pinkowski points to a formidable foe just three hours away.

79. Wharton: Revenue Officer Needed -

Call it a “budget resolution.” A week after the Memphis City Council set the city’s operating budget, capital budget and a property tax rate of $3.40, council members and Memphis Mayor A C Wharton Jr. resolved Tuesday, July 2, to continue making changes in City Hall’s financial practices.

80. Wharton Calls for 'Revenue Director' -

Memphis Mayor A C Wharton Jr. wants to hire a city “revenue officer” as a next step in efforts to change financial practices at City Hall.

Wharton also set a schedule of monthly goals through the end of 2013 to discuss with the council such major financial issues as pension plan obligations and employee benefits.

81. Best Honored for Exchange Club Family Center Work -

Dr. Jara Best has received Volunteer Mid-South’s Spirit of Giving award for Adult Volunteer of the Year for her work with The Exchange Club Family Center. Best, a pediatrician, is a member of the center’s board and has served as a volunteer with the facility’s domestic violence programs for children and women, as well as the First STEPS (Skills to Ensure Parenting Success) program.

82. Slower US Growth Might Lead Fed to Delay Tapering -

WASHINGTON (AP) – The U.S. economy may not be strong enough for the Federal Reserve to slow its bond purchases later this year.

That's the takeaway from economists after the government cut its estimate Wednesday of growth in the January-March quarter to a 1.8 percent annual rate, sharply below its previous estimate of a 2.4 percent rate. The main reason: Consumers spent less than previously thought.

83. Property Tax Hike Highlights New City Budget -

Memphis City Council members raised the city property tax rate Tuesday, June 26, by 4 cents above the recertified tax rate and put the rest of a turbulent budget season to rest.

The approval of the $3.40 property tax rate and city operating and capital budgets came in a council session that ended at 12:30 a.m. Wednesday morning.

84. Council Approves Tax Hike in $3.40 Property Tax Rate -

Memphis City Council members raised the city property tax rate Tuesday, June 26, by four cents above the recertified tax rate and put the rest of a turbulent budget season to rest.

The approval of the $3.40 property tax rate and city operating and capital budgets came in a council session that ended at 12:30 a.m. Wednesday morning.

85. World Looks to Bernanke to Clarify Stimulus Plans -

WASHINGTON (AP) – Is the era of ultra-low interest rates nearing an end? That's the question – and the fear – Chairman Ben Bernanke will face this week when he takes questions after a Federal Reserve policy meeting.

86. City Council Again Tackles Budget, Tax Rate -

Some Memphis City Council members say they are prepared for a long day Tuesday, June 18, at City Hall as they continue down the arduous path to a tax rate and budget for the coming fiscal year.

“Let’s just be ready to spend the night,” said council member Harold Collins last week. He commented as council-mediated discussions between the administration of Memphis Mayor A C Wharton Jr. and municipal union leaders on possible cuts in employee benefits got nowhere quickly and ended after less than an hour.

87. City Council Calls Special Meeting -

The Memphis City Council has called a special meeting June 25 to finish up its budget work before the June 30 end of the fiscal year.

A notice of the special meeting for 3:30 p.m. at City Hall, 125 N. Main St., published in The Daily News, is signed by 11 of the 13 council members “to consider items related to the fiscal year 2014 operating budget, capital improvement programs and tax rate.”

88. SEC Considers Tougher Rules for Money Funds -

WASHINGTON (AP) – Investors could lose principal from money market investment funds that perform poorly under regulations proposed Wednesday by the Securities and Exchange Commission. But the change would affect mainly institutional rather than individual investors.

89. Commercial Advisors Adds Jensen to Capital Markets Group -

Luke Jensen has joined Cushman & Wakefield/Commercial Advisors’ Capital Markets Group. In his new role with the commercial real estate firm, Jensen focuses on investment sales, debt and equity, development, and principal deal sourcing and structuring.

90. Take It From 30 Years of Experience -

Ray’s Take I started my career as a professional financial planner 30 years ago this month. Just as I do with my clients every year, I think it is important to review what has happened, what has worked and what has not, in order to improve.

91. University Cabanas Sell for $2.1 Million -

2059 Vollintine Ave., Memphis, TN 38107

Sale Amount: $2.1 million

Sale Date: May 20, 2013

92. Budget Vote Faces Postponement -

Memphis City Council members have final votes on their agenda Tuesday, June 6, on an operating budget for the fiscal year that begins July 1 in addition to setting a city property tax rate.

But before the council meets at 3:30 p.m. at City Hall, 125 N. Main St., the group’s budget committee will hear from Memphis Mayor A C Wharton Jr. and his administration one more time on possible changes to the budget and the tax rate.

93. City Budget Reset Stalls for Council -

Memphis City Council members looking for a five-year budget plan of some kind last week were told by city Chief Financial Officer Robert Lipscomb that most of the ideas hadn’t been properly vetted yet.

94. Argent Hire Underscores Firm’s Growth -

The hiring of Phil Buchanan by Argent Financial Group as the company’s new president underscores what’s been a continual growth story at Argent.

Even before the Ruston, La.-based financial services firm established a Memphis presence in 2010, but especially since then, Argent has opened new offices, added staff, solidified its presence here and still managed to prepare for growth to come.

95. Wharton Pitches Options But No Recommendations On Budget Reset -

Memphis City Council members were looking Thursday, May 30, for a new budget plan to get City Hall on new financial footing after a state comptroller’s office report critical of city financial practices.

96. Editorial: Convention Center Likely Years Away -

Nashville cut the ribbon this month on Music City Center, its massive new convention center that some Memphis leaders would like to match.

It is very tempting to point out that we have chased other cities in the past with these kind of massive civic projects and not fared well at all.

97. State Concerns Blow Up City Budget -

When the administration of Memphis Mayor A C Wharton Jr. went to the state earlier this year for approval of a $112.4 million refunding bonds issuance, it was the second time in four years City Hall had used a debt tactic known as “scoop and toss.”

98. The 'Sell in May' Story -

The “Sell in May, and Go Away” slogan is common vernacular within the investment sphere. However, for some of our readers who might not be as familiar with this phrase, we will use this week’s writings to review.

99. Measuring Innovation With Money -

But will it make real money? Innovation is such a heady, ill-defined concept. Innovation is one of those words – like strategy or creativity – that means either nothing or something different to anyone who hears it. But when handled correctly, genuine innovations are the lifeblood of any company’s continued health and success.

100. Changing the Fiber of Your Nonprofit -

A capital campaign – or any other quantum leap in your fundraising – will pull at every fiber of your nonprofit. These are not “business as usual” activities. If you want to grow from one level of donated revenue to another you have to do things differently. It’s no different than a business seeking to enter a new market or release a new product. New, more and different thinking, actions and people are required for new, more and different results.