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Editorial Results (free)

1. Olive Garden Investor: Back Off on the Breadsticks -

NEW YORK (AP) – Maybe there is such a thing as too many breadsticks.

In a nearly 300-page treatise on what's wrong with Olive Garden and its management, investor Starboard Value suggests the Italian restaurant chain is being reckless with its unlimited breadsticks. The hedge fund notes the chain's official policy is to bring out one breadstick per customer at a time, plus an extra for the table.

2. Vaco Memphis Expands, Emphasizes Risk Solutions -

Somebody else’s problem provides your business an opportunity. That’s just the way things work and for much of Vaco Memphis’ 10 years, their focus was on offering recruiting and consulting services in areas that included technology, accounting, finance, logistics and administration.

3. Commission Confirms Luttrell Appointees -

In the first voting meeting of the new four-year term of office, the Shelby County Commission approved Monday, Sept. 8, County Mayor Mark Luttrell’s reappointment of Harvey Kennedy as chief administrative officer, Mike Swift as finance director, Yvonne Matlock as health services director, John Halbert as chief information officer, Tom Needham as public works director and Richard Copeland as director of the city-county Office of Planning and Development. The commission also approved William Gupton as the new director of the county’s corrections division.

4. Council Bogs Down in Health Insurance Numbers -

When Memphis City Council members meet Tuesday, Sept. 16, they will still be considering alternatives to the health care insurance plan changes they approved in June.

And they probably still will be trying to make sense of a mind-numbing array of conflicting numbers.

5. Seniors and Student Loan Co-Signatures – Should You? -

Ray’s take: Your grandchild has been accepted to his or her college of choice. Great news! But now that the celebration of acceptance is over, it’s time to do a realistic budget and figure out where the money will come from to pay for tuition and all the other expenses associated with attending college.

6. County Commission Confirms Luttrell Appointees -

In the first voting meeting of the new four-year term of office, the Shelby County Commission approved Monday, Sept. 8, County Mayor Mark Luttrell’s reappointment of Harvey Kennedy as chief administrative officer, Mike Swift as finance director, Yvonne Matlock as health services director, John Halbert as chief information officer, Tom Needham as public works director and Richard Copeland as director of the city-county Office of Planning and Development. The commission also approved William Gupton as the new director of the county’s corrections division.

7. Ford Is New County Commission Chairman In Latest Crossover Trend -

Shelby County Commissioners elected a Democratic chairman Monday, Sept. 8, but for a second consecutive year, that chairman was elected with the support of a majority of the Republicans on the body.

8. IRS Says It Has Lost Emails From 5 More Employees -

WASHINGTON (AP) – The Internal Revenue Service has lost emails from five more employees who are part of congressional probes into the treatment of conservative groups that applied for tax-exempt status, the tax service disclosed Friday.

9. Events -

Rhodes College will host its annual Constitution Day lecture Monday, Sept. 8, at 5 p.m. in Blount Auditorium of Buckman Hall on campus, 2000 North Parkway. Dr. Melvin I. Urofsky, an expert on the U.S. Supreme Court, will explore great dissents and dissenters in the history of the court. Cost is free. Visit rhodes.edu.

10. County Commission Begins New Term -

Shelby County Commissioners elect a new chairman Monday, Sept. 8, for the next year at the first voting meeting of their four-year term of office.

And their agenda includes votes on appointments by Shelby County Mayor Mark Luttrell to his second-term team of division directors and administrators.

11. Report: Cost to Raise Child in Memphis Tops $208,000 -

Memphis is one of the least expensive cities in which to raise a child.

That’s according to the personal finance website NerdWallet, which looked at the average cost of raising a child to the age of 18 in 288 major cities. In Memphis, the site found, it costs a little more than $208,000 on average – compared to, on the high end of the scale, $540,514 to raise a child in New York City.

12. Behind Big Macs, a Drama Over Corporate Control -

NEW YORK (AP) – Behind those Big Macs and Whoppers is a hidden drama over corporate control.

The fast-food industry is underpinned by an often tense relationship between companies like McDonald's and Burger King and the franchisees who run their restaurants. Few customers think about this when scarfing down burgers.

13. US Savings Bond – A Golden Oldie -

Ray’s take: U.S. savings bonds are debt instruments issued and fully backed by the federal government and were once touted as a great way to be patriotic. Their attraction historically has been safety (yes), deferred taxes (yes) and convenience (maybe). Traditionally, they were a staple gift for graduates, newlyweds and newborns.

14. Some Fear Auto Industry Returning to Bad Habits -

DETROIT (AP) – Big discounts. Six- or seven-year loans, in some cases to buyers who would have been turned down in the past.

As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.

15. Report: Cost to Raise Child in Memphis Tops $208,000 -

Memphis is one of the least expensive cities in which to raise a child.

That’s according to the personal finance website NerdWallet, which looked at the average cost of raising a child to the age of 18 in 288 major cities. In Memphis, the site found, it costs a little more than $208,000 on average – compared to, on the high end of the scale, $540,514 to raise a child in New York City.

16. Beneficiary Forms Trump Your Will -

Ray’s take: Few people like to think about death – particularly their own. But a sound estate plan includes dealing with that possibility to be certain your wishes are honored after you “make the switch.”

17. Fuchs Joins Vaco Logistics as Recruiter -

Eddie Fuchs has joined Vaco Memphis as an executive recruiter for Vaco Logistics, where he’ll consult with distribution, transportation and manufacturing companies to help identify candidates for leadership and specialized skill positions. Fuchs, who previously worked in the business development department of Intermodal Cartage Co., was recently named to the Greater Memphis Chamber’s 2014 Young Memphians list.

18. Hard to Swallow? Burger King May Move to Canada -

NEW YORK (AP) – Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada.

Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy Canadian coffee-and-doughnut chain Tim Hortons and create the world's third-largest fast-food restaurant company. The news pushed shares of both companies up more than 20 percent.

19. Beset by Money Woes, Crittenden Hospital to Close -

WEST MEMPHIS, Ark. (AP) – The Crittenden Regional Hospital in West Memphis stopped admitting patients Monday and will shut down permanently on Sept. 7, despite the recent passage of a sales tax increase intended to help the financially struggling facility.

20. Kaaa-BOOM! -

This Labor Day weekend, hundreds of Knoxvillians will be working harder than ever so hundreds of thousands can kick back and relax.

Knoxville is hosting a huge street festival and one of the biggest fireworks shows in the country on Saturday, followed by the first UT game of the season on Sunday.

21. Tennessee Now Seeks to Renovate Cordell Hull Building -

NASHVILLE (AP) – Gov. Bill Haslam's administration is backing off earlier plans to demolish the 60-year-old Cordell Hull office building located next to the state Capitol in Nashville and instead hopes to renovate it.

22. In Case of Incapacitation -

Ray’s take: A financial power of attorney is a powerful tool in your financial planning arsenal in the event your investments or other financial matters need action and you can’t do it.

23. Google's Pivotal IPO Launched a Decade of Big Bets -

SAN FRANCISCO (AP) – Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit.

And CEO Larry Page is determined to push even further.

24. Developer Files Permit for Graceland-Area Hotel -

3411 Elvis Presley Blvd.
Memphis, TN 38116
Permit Cost: $3.5 million

25. US Retail Sales Flat in July -

U.S. retail sales were essentially flat in July, providing evidence that consumers have yet to shed their doubts about the economy despite recent job gains.

The Commerce Department said Wednesday that seasonally adjusted retail sales were unchanged in July compared with the prior month. Total sales rose a statistically insignificant $161 million from $439.6 billion in June.

26. Tennessee July Revenue Collections See Some Growth -

NASHVILLE (AP) – Tennessee Finance Commissioner Larry Martin says the state's revenue collections recorded some growth in July even though they fell short of projections.

27. Hotel Owner Files $3 Million Loan -

The new owner of the Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has filed a $3 million loan on the property.

28. Over 50 – Should You ‘Catch Up’? -

Ray’s Take: If you’re age 50 or older, you can make extra “catch-up” contributions to certain types of tax-favored retirement accounts.

Is this something you should take advantage of? On the surface, it seems like a positive for your retirement account. But take a long honest look at why you are going to make those catch-up contributions and check your plan to make sure you qualify. There is a lot of information out there regarding these types of contributions, and you need to separate the good from the not so good.

29. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Aug. 12, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

30. Events -

The Center City Revenue Finance Corp. will meet Tuesday, Aug. 12, at 9 a.m. in the Downtown Memphis Commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

31. Arkansas Starts Fiscal Year Below Forecast -

Sluggish corporate income and sales tax collections pushed Arkansas' revenue below forecast and below the same month in 2013 as it started its fiscal year in July, state finance officials said Monday.

32. Metropolitan Bank Expands Board -

Metropolitan Bank has added James Wingett to its board of directors.

Wingett lives in Memphis, where he’s a founding partner and managing director of Wolf River Capital. Before his time at Wolf River, he was a founding member, managing director and principal of FTN Financial’s Structured Finance Group.

33. United Way Beginning Search for New President -

United Way of the Mid-South President Bryce Haugsdahl has announced his retirement after 40 years of service with several United Way chapters. Doug Byrnes, senior vice president of finance and chief financial officer of United Way of the Mid-South, will serve as interim president as a search for a new president begins.

34. Fannie, Freddie Post Profits in Second Quarter -

WASHINGTON (AP) – Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover. Gains in recent years have enabled them to fully repay their government aid after being rescued during the financial crisis in 2008.

35. United Way Searching for New President -

United Way of the Mid-South President Bryce Haugsdahl has announced his retirement after 40 years of service with several United Way chapters. Doug Byrnes, senior vice president of finance and chief financial officer of United Way of the Mid-South, will serve as interim president as a search for a new president begins.

36. How Much Should I Save for Retirement? -

Ray’s take: Saving for retirement. It’s something we are all aware of and working on regularly. But how much do you need to save for retirement?

That is the quintessential question everyone asks. And the answer is not so clear. It depends. Truly.

37. Graceland Campus Financing Relies on Tight Boundaries -

When Elvis Presley Enterprises breaks ground next week on the $75 million, 450-room hotel-resort it will build north of Graceland mansion, it will be the beginning of crossing something off the company’s wish list since Elvis Presley’s mansion opened for tours in the early 1980s.

38. Problem Property -

The city of Memphis and the Downtown Memphis Commission suffered a stinging setback this week in their quest to rid a key section of Main Street of a deteriorating eyesore, one that has survived multiple attempts to be sold and defied repeated orders to clean up.

39. Alexander Looks to Fend Off Tennessee GOP Challengers -

LAWRENCEBURG, Tenn. (AP) – After losing his first bid for Tennessee governor 40 years ago, Republican Sen. Lamar Alexander shed his blue suit and buttoned-up appearance for a plaid shirt, hiking boots and a 1,000-mile walk around the state.

40. Council Approves Graceland Plan, Moves on Sales Tax Hike Referendum -

Memphis City Council members approved Tuesday, Aug. 5, a tourism development zone application for the 120-acre Graceland campus and the master plan the zone would finance that includes a 450-room resort hotel and an archive exhibition space.

41. Gannett Splits Publishing, Broadcasting in Two -

NEW YORK (AP) – The game of survival is on for newspapers, as USA Today owner Gannett on Tuesday became the most recent major media entity to say it will divide its print and broadcast divisions into separate companies.

42. GM Finance Subpoenaed Over Subprime Auto Loans -

NEW YORK (AP) – GM Finance says it has received a subpoena from the U.S. Department of Justice for documents related to subprime auto loans.

The affiliate of General Motors Co. said in a filing Monday with the government that the Justice Department requested documents related to the origination and securitization of subprime auto loan contracts since 2007.

43. Arkansas Starts Fiscal Year Below Forecast -

Sluggish corporate income and sales tax collections pushed Arkansas' revenue below forecast and below the same month in 2013 as it started its fiscal year in July, state finance officials said Monday.

44. Metropolitan Bank Expands Board -

Metropolitan Bank has added James Wingett to its board of directors.

Wingett lives in Memphis, where he’s a founding partner and managing director of Wolf River Capital. Before his time at Wolf River, he was a founding member, managing director and principal of FTN Financial’s Structured Finance Group.

45. Graceland Area Could Have Its Own Industrial Development Board -

A proposed Graceland Tourism Development Zone would have its own industrial development board under a proposal the administration of Memphis Mayor A C Wharton Jr. will take Tuesday, Aug. 5, to the Memphis City Council for discussion.

46. Graceland Industrial Development Board Proposed -

A proposed Graceland Tourism Development Zone would have its own Industrial Development Board under a proposal the administration of Memphis Mayor A C Wharton Jr. will take Tuesday, Aug. 5, to the Memphis City Council for discussion.

47. What’s Your Investment Risk Profile? -

Ray’s Take Risk. It’s something we are all involved in every day – sometimes consciously and sometimes not.

Just walking out the door of our homes and driving our cars involves a level of risk we don’t think about. We just assume we will arrive at our destination in good shape. There’s our daily subconscious risk.

48. FedEx Founder Highlights Economic Club Fall Slate -

FedEx founder Fred Smith will make a rare public speaking appearance in Memphis Nov. 6, as part of the fall 2014 lineup of speakers planned for the Economic Club of Memphis.

49. Asia Votes for Growth -

Ni Hao!

I write to you this week from Hong Kong. For the next 12 months I will be working remotely from China in order to closely evaluate conditions within the Asian economies. In addition to my usual market musings I will share my Asian insights and inspirations as they arise … like this one.

50. Dollar Tree Steps Up Fight, Buys Family Dollar -

NEW YORK (AP) — The fight for penny pinchers is intensifying.

Dollar Tree said Monday it is buying rival discounter Family Dollar for $8.5 billion, significantly broadening its reach as it looks to fend off Wal-Mart, which has been stepping up its courtship of lower-income customers.

51. Simmons First National Moves Into Tennessee -

A similar history, a foundation in agriculture lending and growth potential attracted Arkansas-based Simmons First National Corp. to buy Community First Bancshares Inc. of Union City, Tenn., and its $1.9 billion subsidiary First State Bank, says Simmons’ Chairman and CEO George A. Makris.

52. Events -

The Booksellers at Laurelwood will host “Shots Fired” author C.J. Box for a discussion and signing Monday, July 28, at 6 p.m. at 387 Perkins Road Extended. Visit thebooksellersatlaurelwood.com.

53. US Companies Report Rising Sales, Employment -

Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics.

54. Lot Shortage Poses Next Roadblock -

Local homebuilders say a dearth of developed lots is slowing down the new housing rebound, weighing down an industry still trying to drag itself out of the rubble left by the worst recession in decades.

55. Develop Interests Before Retirement -

Ray’s take: Retirement success is not automatic. It takes planning – and not just financial planning. According to a study by University of Missouri – Columbia, couples should plan for retirement, both financially and socially, and consider the changes that may occur in their relationships and day-to-day activities.

56. McKinney Named Branch Manager at Waddell & Reed -

Mack McKinney has been promoted at Waddell & Reed to district branch manager for the Memphis area. McKinney has been with the financial advisory firm for five years, holding management positions for four of those years.
McKinney works to develop field leaders and help financial advisers leverage their strengths and experiences to build successful practices. He serves as mentor to both new and seasoned financial advisers and says he’s committed to building an office that demonstrates the collective passion shared for clients and the community.

57. Survey: Graduates Should Return to Memphis After School -

Measuring economic sentiment among consumers at any given moment in time involves looking at specific data points and how consumers feel about those sets of numbers and facts.

That’s a key element of the Memphis Economic Indicator, a quarterly survey measuring general business and economic sentiment produced jointly by The Daily News and Dixon Hughes Goodman LLP that’s now one year old.

58. US Companies Report Rising Sales, Employment -

Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics.

59. Knowledge Tree Buys Cordova Retail Center -

8195 Dexter Road
Memphis, TN 38016
Sale Amount: $1.3 million

Sale Date: July 8, 2014
Buyer: K Tree LLC
Seller: 8195 Dexter Road LLC
Loan Amount: $1.5 million
Loan Date: July 11, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of the Knowledge Tree learning center has paid $1.5 million for the 28,575-square-foot shopping center at 8195 Dexter Road in Cordova.

60. French Fort Plan Calls for $150 Million Development -

What would begin as 67 apartments in the former U.S. Marine Hospital and nurses’ quarters on the northern edge of the French Fort neighborhood would grow in phases to a $150 million development south of E.H. Crump Boulevard, according to a plan unveiled over the weekend.

61. Forbes Sells Majority Stake to Group of Investors -

NEW YORK (AP) – Forbes said Friday it will sell a majority stake in the family owned magazine publisher to a Hong Kong-based investor group.

Financial terms of the deal were not disclosed. The New York company said in November it was putting itself up for sale.

62. Senate Candidate Gives Loan to Prominent Supporter -

NASHVILLE (AP) – The campaign of Republican U.S. Senate candidate Joe Carr has loaned $200,000 to the company of a prominent supporter in an unusual arrangement that has drawn the attention of the Federal Election Commission.

63. Thoughts for 30-Somethings -

Ray’s take: You spent your 20s setting up your life – developing some marketable skills, getting a career started, (hopefully) creating a budget, and learning to live with it.

64. Midtown Retail Center Owner Files $3 Million Loan -

The owner of the retail building at 1460 Union Ave. in Midtown that houses Office Max and Cricket stores has filed a $2.9 million loan on the property.

65. US Students in Middle of Pack on Financial Knowhow -

WASHINGTON (AP) – In an increasingly global economy, just 1 in 10 teenagers around the world is able to make some key – but complex – financial decisions, including choosing among various loans or analyzing invoices and pay slips.

66. Alternative Banking – Is It For You? -

Ray's take: The world of banking is evolving. Over the past decade we’ve seen an increase in the number of online only, or alternative banks. Whether or not this is a good thing depends on whom you talk to about it.

67. Survey Finds Math, Science Grads Earn Top Dollar -

WASHINGTON (AP) – What you study – math and science are a plus – seems to matter more than whether your alma mater is public or private when it comes to finding a high-paying job after college, according to a report released Tuesday by the Education Department.

68. Cushman & Wakefield Adds Yates to Capital Markets Team -

Alex Yates has joined the Cushman & Wakefield/Commercial Advisors Capital Markets team as vice president, assisting and executing investment sales, debt/equity placement and development advisory projects. Yates’ efforts will be heavily concentrated in multifamily and retail, but he will focus on other product types as well.

69. Addison at Collierville Owner Files $17 Million Loan -

400 Orchard Circle
Collierville, TN 38017
Loan Amount: $16.8 million

Loan Date: July 1, 2014
Maturity Date: July 1, 2021
Borrower: G&I VII Addison at Collierville LLC
Lender: CBRE Capital Markets Inc.
Details: The owner of the 226-unit Addison at Collierville apartments at 400 Orchard Circle W. has filed a $16.8 million loan on the property.

70. Corporations are People? It's a Real Legal Concept -

WASHINGTON (AP) – There may be more to that "we the people" notion than you thought.

These are boom times for the concept of "corporate personhood."

Corporations are people?

71. Vacation Home – Is It Time to Buy? -

Ray’s take: It’s summertime and the vacation season is upon us. Sometimes, it sounds wonderful to own a beach or mountain getaway. Many Americans share that same dream – a “summer place” to enjoy and perhaps pass down through the generations.

72. Different Pension Path Possible in Council Delay -

Memphis City Council members are looking at hybrid pension plans for city employees that could have separate terms for police officers and firefighters and enroll all other city employees in the Social Security plan.

73. Highway Crisis Looms as Soon as August, US Warns -

WASHINGTON (AP) – Gridlock in Washington will lead to gridlock across the country if lawmakers can't quickly agree on how to pay for highway and transit programs, President Barack Obama and his top officials warned Tuesday.

74. Lawsuit Financing Company to Leave Tennessee -

NASHVILLE (AP) – A new Tennessee law targeting the practice of financing the costs of lawsuits is leading an Illinois company to leave the state.

Oasis Legal Finance, one of the country's largest consumer legal funding services, announced it is leaving the Tennessee market as the law goes into effect Tuesday.

75. Health Choice Selects Abisch to Lead Population Health Services -

Ellen Abisch has joined Health Choice LLC as senior director of population health services. In the newly created position, Abisch will be responsible for designing, implementing and managing population health and wellness programs for the Health Choice network.
Prior to joining the physician hospital organization, she served as manager of benefits and wellness for ServiceMaster.

76. Charlotte Firm Buys Mendenhall Warehouse -

4517 S. Mendenhall Road
Memphis, TN 38141
Sale Amount: $1.4 million

Sale Date: June 24, 2014
Buyer: TKC CLXXIX LLC
Seller: Tenn Thom Realty LLC
Loan Amount: $1.1 million
Loan Date: June 24, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

77. Timing Key Element of County Tax Rate Debate -

More funding from Shelby County government for prekindergarten classrooms is a matter of timing, say those on both sides of the property tax rate question on which the $2.8 million in additional funding hinges.

78. New Brunswick Road Firestone Sells for $1.4 Million -

The Firestone Complete Auto Care shop at 2870 New Brunswick Road in Northeast Memphis has sold for $1.4 million.

79. Raymond James Recommits to Downtown -

Raymond James is extending its commitment to Downtown Memphis, where the investment firm will remain a key part of the city’s skyline for at least another decade.

The firm has reached a deal with Parkway Properties to extend its lease on the Raymond James Tower at 50 N. Front St. until March of 2024.

80. Amazon, Microsoft, Boeing Lure Interns With Perks -

SEATTLE (AP) – Amazon, Microsoft and Boeing sweeten already lucrative job offers in Seattle with subsidized, furnished housing. Transportation is covered from anywhere in the country, including airport food, baggage fees and taxis. There's free breakfast and dinner, biweekly housekeeping, a private party with Macklemore and Deadmau5.

81. What to Do With a Windfall -

Ray’s take: You’ve just received a pretty nice amount of cash. It could be a tax refund, a bonus or a surprise inheritance. What will you do with that extra money?

You may decide to pay down some debt or stash it away for an emergency. But somehow, that doesn’t feel like much fun.

82. Brooks Ouster Recommended On Residency -

Henri Brooks is no longer a Shelby County Commissioner, according to the Shelby County Attorney's office.

A report from Shelby County Attorney Marcy Ingram released Tuesday, June 24, concludes that Brooks does not live in commission district 2, the district she has represented for the last eight years, and therefore cannot hold the office under terms of state law and the Shelby County government charter.

83. Events -

Stax Music Academy, Stax Museum and Memphis Public Library will host Vaneese Thomas for a Soul & Blues Brown Bag Series concert and Q&A Monday, June 23, at noon in the amphitheater behind the academy, 926 E. McLemore Ave. The series continues each day through Friday, June 27. Visit staxmuseum.com for a lineup.

84. Kitsinger Continues Downtown Work With The Development Studio -

As an architect and planner, Andy Kitsinger worked on large projects whose scale immediately changed areas, even as they were being built.

And he’s also worked on developments and projects that are smaller – sometimes part of the ripple effect of larger projects, but no less important or influential.

85. 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.

86. 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.

87. Council Approves Budgets, Stable Tax Rate, Health Insurance Changes -

Memphis City Council members approved a $600 million operating budget and an $84 million capital budget Tuesday, June 17, for the city government fiscal year that begins July 1.

And the council gave final approval to larger changes to employee and retiree health insurance plans designed to make long term changes necessary to right the city’s financial condition.

88. County Commission to Discuss Brooks’ Residency -

A challenge of Shelby County Commissioner Henri Brooks’ residency is serious enough that her fellow commissioners are prepared to discuss it at a special meeting next week.

The Shelby County Attorney’s office is investigating whether Brooks lives in the district she has represented for the last eight years.

89. County Budget Season Not Over Yet -

The Shelby County Commission defeated two competing versions of the county property tax rate for the new fiscal year on the second of three readings Monday, June 16.

But they both advance to third and final readings when the commission meets in July.

90. Council to Vote on Insurance Changes, Budget -

Most of council day at City Hall Tuesday, June 17, will be devoted to closing out most, but not all, of the city’s budget season.

The Memphis City Council should make final decisions Tuesday on a stable city property tax rate and approve operating and capital budgets for the fiscal year that begins July 1.

91. Shouldering Health Care Costs -

Ray’s Take: The employer health care benefits that began in the 1950s as a perk to lure top workers have become an industry standard that many of us take for granted. Now the pendulum seems to be swinging back the other way in the face of rising health care costs.

92. Obama Moves to Extend Student Loan Payment Relief -

WASHINGTON (AP) – Aiming to alleviate the burden of student loan debt, President Barack Obama expanded a program Monday that lets borrowers pay no more than 10 percent of their income every month, and threw his support behind more sweeping Senate legislation targeting the issue.

93. Nashville Mayor Maps Issues Similar to Memphis -

The Nashville mayor who was once Davidson County's public defender says schools in his city aren’t meeting his test for success in public education.

He is concerned with attracting talent to the city and touts diversity as a key component of that. And his city has a critical need for a “more robust” mass transit system, he said last week.

94. Events -

Methodist South Hospital will host a stroke support group meeting for survivors and caregivers Monday, June 9, at 5:30 p.m. in the outpatient rehabilitation center, 1251 Wesley Drive, suite 141. Dr. Hafiz Elahi will present “Stroke From the Neurologist’s Perspective.” Email patricia.morgan@mlh.org or rushali.naik@mlh.org.

95. Cohen Challenges Haslam on Medicaid Expansion -

U.S. Rep. Steve Cohen says the city’s fair share of federal funding for rape kit backlogs is $1 million.

96. Homeownership: Still the American Dream? -

Ray’s take: There was a time when owning a home was a key factor in achieving “The American Dream.”

That was when it was actually considered a home and not an investment. Sometime between the end of World War II and the 1990s, a home became a house. It was less about the place where you created memories and more about equity and resale value. Then it all came crashing down.

97. Luttrell, Malone Clash on Pre-K Expansion -

The top two contenders for Shelby County mayor had the closest thing yet to a debate Monday, June 2, on budget priorities.

Shelby County Mayor Mark Luttrell and his Democratic challenger, former County Commissioner Deidre Malone, didn’t address each other directly.

98. Commission Approves Budgets and Dueling Tax Rates Without PreK Amendment -

Shelby County Commissioners signed off Monday, June 2, on a $1.1 billion consolidated operating budget for all of Shelby County government as well as a $75 million capital budget, both for the fiscal year that begins July 1.

99. Perkins Hotel Sells After Foreclosure -

2700 S. Perkins Road
Memphis, TN 38118
Sale Amount: $2.2 million

Sale Date: May 23, 2014
Buyer: HC Memphis LLC
Seller: Douglas M. Alrutz, successor trustee
Details: The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.

100. Perkins Hotel Sells After Foreclosure -

The Inn at Thousand Oaks hotel at 2700 S. Perkins Road in Parkway Village has sold for $2.2 million following a first-run foreclosure notice filed earlier this year.