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VOL. 127 | NO. 175 | Friday, September 7, 2012

Business of Health Care Topic of Seminar

In terms of national policy discussion, the current changes in the model and delivery of health care remains among the most heated and complicated of topics.

Staying on Course

Recession puts a crimp on private golf clubs

A few days ago, trade publication “The Bond Buyer” reported that Phoenix, Ariz., is facing a $14.8 million deficit to operate its six golf courses and is mulling whether to sell or shutter them.

First Tennessee Unit to Move Downtown

First Tennessee Bank is preparing its Downtown Memphis headquarters for occupancy of one of its units.

Luttrell to Reassess Local Air Quality

Shelby County Mayor Mark Luttrell is about to examine county government’s entire approach to air quality issues after the Memphis City Council voted last month to cut all city funding for vehicle inspections at the end of the current fiscal year on June 30.

Schools Fight Looks to Milan System

The date to a city-county schools merger in Shelby County is less than a year away and the six suburban towns and cities in the county are preparing for Nov. 6 school board elections for their municipal school districts.

Local Weather
Today
Memphis, TN
78°F
Partly Cloudy
Wind: 10 mph
Humidity: 58%

EVENTS

The 23rd Annual International Goat Days will be held Friday, Sept. 7, from 5 p.m. to 9 p.m. and Saturday, Sept. 8, from 8 a.m. to 5 p.m. at USA Stadium, 4351 Babe Howard Blvd. Cost is free. Visit millingtontn.gov or call 873-5770.

more events »

MEMPHIS STANDOUT

Midgley Passionate About Memphis, Helping Others

Memphis has turned out be a perfect fit for Plough Foundation program associate Katie Midgley, whose research interests landed her in the city back in 2008.

LOCAL COLUMNISTS

A Tasteful List 2012

A LIST YOU CAN SINK YOUR TEETH INTO. So many of you seemed to salivate over last year’s Tasteful List, I’ve updated it for 2012. While reduced some, make no mistake, there’s nothing dietary about it.

Vision, Mission and Fundraising

This is the second in a two-part series. In part one of this series we discussed the role that the vision, mission and strategic plan play in the life of a nonprofit’s fundraising. These are the starting point.

REGIONAL

Arkansas Justices Hear Arguments on Casino Proposal

LITTLE ROCK, Ark. (AP) – An attorney for a Texas businessman seeking exclusive rights to operate casinos in Arkansas says election officials are adding a new hurdle to ballot access by denying petitions for his proposal.

NATIONAL BUSINESS

US Service Firms Grew at Faster Pace in August

WASHINGTON (AP) – U.S. service companies expanded at a faster pace in August than July, helped by stronger hiring. The growth at firms that employ roughly 90 percent of the work force suggests the economy is slowly improving.

US Hiring Outlook Improves as Jobless Claims Drop

WASHINGTON (AP) – Fewer Americans applied for unemployment benefits last week, and a private survey showed businesses stepped up hiring in August. The data sketched a brighter outlook for the job market one day before the government reports on August employment.

HEALTH CARE

Report: US Health Care System Wastes $750 Billion a Year

WASHINGTON (AP) – The U.S. health care system squanders $750 billion a year – roughly 30 cents of every medical dollar – through unneeded care, byzantine paperwork, fraud and other waste, the influential Institute of Medicine said Thursday in a report that ties directly into the presidential campaign.

Tricare Won't Return Walgreen to Pharmacy Network

NEW YORK (AP) – The military health insurance plan Tricare says Walgreen Co.'s drugstore chain, the largest in the U.S., will not be part of the network where plan members can get their prescriptions filled.

REAL ESTATE

Average on 30-Year US Mortgage Slips to 3.55 Percent

WASHINGTON (AP) – Average U.S. rates on fixed mortgages changed little this week and remained slightly above record lows reached earlier this year. The low rates have aided a modest housing recovery.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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