VOL. 127 | NO. 178 | Wednesday, September 12, 2012
The Federal Reserve Bank of St. Louis has begun publishing a new agricultural finance report that will be released quarterly.

Japanese Bon Festival brings addition of cherry trees to Memphis
The Yoshino Cherry trees along Cherry Road in Audubon Park still have a fall and winter before they bloom again in April.
Memphis City Schools leaders and former Memphis Mayor Willie Herenton announced Wednesday, Sept. 12, the opening of a new charter school for children in Memphis-Shelby County Juvenile Court custody.
Free People, a high-end women’s retailer of apparel and other items, will open at The Shops of Saddle Creek in Germantown on Friday, Sept. 14.
The two newest countywide school board members are question marks on the most critical and time-sensitive questions the entire school board faces with less than a year to the merger of Shelby County’s two public school systems.
Union dispatchers for Memphis-based Pinnacle Airlines Corp. have ratified a new contract agreement with the regional air carrier.
Opera Memphis will soon “turn the opera house inside out” as it kicks off its 2012-2013 season.
Methodist Healthcare recently opened its Comprehensive Sickle Cell Center, which it says will deliver the most advanced clinical treatment available for patients with sickle-cell disease, a genetic disorder that affects about one in every 350 African-Americans.
MEMPHIS NEWSMAKERS
Mandy McBroom has been named director of operations for Indie Memphis, the first full-time staff member to hold the position. In her new role, she will oversee festival operations, shorts programming, volunteer opportunities and membership growth.
LOCAL COLUMNISTS
Considering how hard salespeople have to work to land a meeting with a prospective customer, it’s surprising how little effort is typically put into the follow-up with that prospect after the meeting. The result is lost opportunity and the need to work harder than necessary to meet sales targets.
Our most recent musings in this space have focused on the political and fiscal dynamics here at home. While those dynamics are vital and will continue to come more into focus as the calendar turns the page to the fourth quarter, the more pressing short-term focus in the financial markets has been to the east across the Atlantic Ocean.
REGIONAL
LITTLE ROCK, Ark. (AP) – Gov. Mike Beebe said Tuesday he supports expanding Medicaid eligibility in Arkansas under the federal health care law after officials assured him the state could later opt out, setting up a potentially heated fight with Republican lawmakers as they try to win control of the state Legislature.
LITTLE ROCK, Ark. (AP) – Arkansas' federal courthouses are safe for now.
NATIONAL BUSINESS
WASHINGTON (AP) – U.S. employers posted fewer jobs in July than in June, further evidence that hiring may stay weak in the coming months.
NEW YORK (AP) – The U.S. government’s debt rating could be heading for the “fiscal cliff” along with the federal budget.
NEW YORK (AP) – Morgan Stanley and Citigroup have settled a dispute Tuesday over the value of the brokerage firm Morgan Stanley Smith Barney, which they jointly own.
HEALTH CARE
WASHINGTON (AP) – Annual premiums for job-based family health insurance went up just 4 percent this year, but that's no comfort with the price tag approaching $16,000 and rising more than twice as fast as wages.
TECHNOLOGY
NEW YORK (AP) – GoDaddy.com says a Web hosting outage that involved thousands and possibly millions of websites on Monday was due to internal problems, not an attack by hackers.