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VOL. 128 | NO. 149 | Thursday, August 1, 2013

Nineteenth Century Club Owners Obtain Demolition Permit

Some preparatory demolition work began this week on the Nineteenth Century Club building on Union Avenue while local preservationists started a legal fund to help preserve the historic structure.

Midtown Mix

Loeb enhances Overton Square vibe with retailers

Go by Overton Square during lunch or at night, and the place is usually overflowing with visitors – some who want lunch, dinner or a libation, and some who come just to enjoy the simple pleasure of people-watching.

Bass Pro Wins Signage Approval

Bass Pro Shops won overwhelming approval Tuesday, July 30, for its latest signage plans for The Pyramid, clearing a potential obstacle to the public-private initiative to turn the shuttered arena into a destination attraction.

FedEx Will Pay $21.5 Million to Settle Class Action

FedEx Corp. agreed to pay $21.5 million to settle a 2011 class action that alleged the world’s largest cargo airline overcharged non-residential customers – including businesses and governments – higher residential shipping rates.

Reverb Micro Coffee Roastery Gaining Steam

Reverb Coffee Co. is a new micro coffee roastery launched in Memphis by a coffee connoisseur with big ambitions for his small startup.

Agriculture Grants to Aid Mid-South Farming, Veterans

Jimmy Hargett, a 69-year-old farmer in Crockett County, regularly parasails over his cotton, corn, soybean and wheat crops to make critical, time-sensitive observations.

Schools Look to State for Money Owed

When the Tennessee Legislature returns to session in January, the consolidated school district will ask legislators to pass a law compelling the city of Memphis to pay a court judgment it owes the school system or lose state funding.

Fairview to Transition to Optional School

The school year that begins next week will be the last for Fairview Middle School as a conventional school.

MEMPHIS LAW TALK

Bjorklund Helps AutoZone Meet Compliance Laws

When Susan Bjorklund, policy and procedure attorney for AutoZone, left Houston High School for the University of Mississippi, it was with only an inkling that she might want to be a lawyer one day.

LOCAL COLUMNISTS

What Do Your Kids Know About Money?

Ray’s Take A survey by T. Rowe Price revealed that 77 percent of parents lie to their kids about money-related issues. According to the National Foundation for Credit Counseling, 44 percent of Americans learned the most about handling money from their parents. The Council for Economic Education disclosed that just 14 states require high school students to take a course in personal finance.

Faulkner Loses ‘Past’ Quote Case

“The court has viewed Woody Allen’s movie, ‘Midnight in Paris,’ read the book, ‘Requiem for a Nun,’ and is thankful that the parties did not ask the court to compare ‘The Sound and the Fury’ with ‘Sharknado.’” Thus begins a seven-page opinion entered July 18, 2013, in the U.S. District Court for the Northern District of Mississippi. See Faulkner Literary Rights LLC v. Sony Pictures Classics Inc., 2013 WL 3762270.

MEMPHIS AREA

Tennessee, Mississippi Men Imprisoned in Real Estate Scam

MEMPHIS (AP) – Men from Tennessee and Mississippi have been sentenced to prison in what federal authorities called a real estate flipping scheme.

STATE GOVERNMENT

Democratic Sen. Lowe Finney Won't Seek Re-Election

NASHVILLE (AP) – State Sen. Lowe Finney, who chairs the Democratic caucus in the Tennessee Senate, announced Wednesday that he won't seek a third term.

NATIONAL BUSINESS

US Economy Grew at Sluggish 1.7 Percent Pace in Second Quarter

WASHINGTON (AP) – The U.S. economy grew from April through June at an annual rate of 1.7 percent – a sluggish pace but stronger than in the previous quarter. Businesses spent more, and the federal government cut less, offsetting weaker spending by consumers.

ADP: Private Employers Add 200,000 Jobs This Month

WASHINGTON (AP) – A private survey shows U.S. businesses created a healthy 200,000 jobs this month.

NATIONAL GOVERNMENT

House Ready to Lower Rates on Student Loans

WASHINGTON (AP) – The cost of borrowing for college is about to drop.

New US Treasury Securities on Sale in January

WASHINGTON (AP) – The Treasury Department said Wednesday that it expects to start offering investors a new Treasury security with variable interest rates in January. It will be the first new Treasury security in 15 years.


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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 311 15,028
MORTGAGES 83 338 19,668
FORECLOSURE NOTICES 0 43 3,838
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 61 243 14,277
BUSINESS LICENSES 16 120 5,111
UTILITY CONNECTIONS 70 316 21,749
MARRIAGE LICENSES 0 75 4,632

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