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VOL. 128 | NO. 158 | Wednesday, August 14, 2013

Schools Transportation Director Retires

The director of transportation for the countywide school system, Debbie Rike, resigned Wednesday, Aug. 14, capping a week and a half of significant transportation problems for the new school district.

New Life

Transplant reversal gives Memphian healthy future

After her mother died of heart failure, Anissa Swanigan began experiencing rapid heartbeats and was told to chalk it up to anxiety. With a pregnancy a year later, she was told she had hypertrophic cardiomyopathy, a congenital disease that results in a thickening of the heart muscle.

ServiceMaster Reports Second-Quarter Operating Loss

The ServiceMaster Co. reported a $564 million operating loss Wednesday, Aug. 14, for the second quarter of its fiscal year, in a quarter that CEO Rob Gillette said did not meet expectations.

Mortgage Market Rises 22 Percent in July

The month of July may help buoy expectations among optimistic participants in the mortgage industry that a housing recovery is taking hold in Shelby County.

Commission Considers Timetable for School Board Appointment

Shelby County Commissioners meet in special session Wednesday, Aug. 14, to set the procedure for appointing a new member to the countywide school board.

Local Weather
Today
Memphis, TN
80°F
Partly Cloudy
Wind: 6 mph
Humidity: 76%

EVENTS

The Fayette County chapter of West Tennessee Home Builders Association will meet Wednesday, Aug. 14, at 11:30 a.m. at Somerville Bank & Trust, 16790 U.S. 64. U.S. Rep. Stephen Fincher will discuss proposed government-sponsored enterprises reform bill. The meeting is open to the public. Cost is $10. Email rterry@mahba.com.

more events »

Stanton: Memphis Policies in Step With Holder Plan

When U.S. Attorney General Eric Holder talked this week about “a fundamentally new approach” in which crimes federal prosecutors pursue and the sentences they seek, he outlined an approach that has been taking shape in the U.S. District Court for the Western District of Tennessee for several years.

Johnson Named Chairman of Higher Education Commission

Cato Johnson, senior vice president of corporate affairs for Methodist Le Bonheur Healthcare, is the new chairman of the Tennessee Higher Education Commission. Johnson was the unanimous choice of the commission after serving as vice chairman last year.

GOVERNMENT AGENDA

Aug. 14 Shelby County Commission Agenda

The Shelby County Commission will meet in special session Wednesday, Aug. 14, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for an agenda.

MEMPHIS NEWSMAKERS

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.

LOCAL COLUMNISTS

CEOs Say Inbound Marketing Pays Off

Editor’s Note: This is the second in a two-part series. Forty-one percent of CMOs and CEOs report inbound marketing produced a measurable ROI in 2013, with half indicating an increased spend this year, according to HubSpot’s fifth annual State of Inbound Marketing Report.

The New One Thing

Now that earnings season has essentially ended, the stock market needs a new muse. The next earnings season begins in early October. In between, analysts will tweak models and revise forecasts, but real data releases overpower estimate releases. In mid-September, the Fed will either reduce bond purchases or buy more time. President Obama will choose between the over-politicized Larry Summers, the over-dovish Janet Yellen or the over-qualified Don Kohn to succeed Ben Bernanke as the next Fed head. We will also soon revisit Washington’s favorite debate over the debt ceiling.

Is Your Business Compliant With ERISA?

Compliance is a word thrown around frequently in the business world, and it’s a goal on your to-do list.

STATEWIDE

Scripps Networks Loses Domain Name Battle – Again

What’s in a name? A lot, if it’s on the Internet, says Scripps Networks Interactive Inc.

STATE GOVERNMENT

Tennessee Supreme Court Overturns Antiquated Rule

NASHVILLE (AP) – The Tennessee Supreme Court has overturned an antiquated rule classifying statutory rape victims as accomplices.

REGIONAL

Entergy to Raise Rates in Mississippi

JACKSON, Miss. (AP) Entergy Corp. customers in Mississippi will pay $22.3 million more over the next nine months, as the company recoups more for expenses.

NATIONAL BUSINESS

A Push for Harmony Among Workers, Young and Old

CHICAGO (AP) – There's a sense of urgency to the quest for workplace harmony, as baby boomers delay retirement and work side-by-side with people young enough to be their children – or grandchildren.

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.

Comcast Expands Low-Cost Internet Plan, Ups Speed

LOS ANGELES (AP) Comcast Corp., the nation's largest cable company, is expanding the number of low-income families that can automatically qualify for its $9.95-per-month Internet access. It's also boosting download speeds on the service to 5 megabytes per second from 3 Mbps to attract more subscribers.

NATIONAL GOVERNMENT

Government, States Try to Block Proposed Airline Merger

WASHINGTON (AP) – The federal government is trying to block the proposed merger of American Airlines and US Airways, saying it would cause "substantial harm" to consumers by leading to higher fares and fees.

Agency Proposes Requiring More Data From Auditors

WASHINGTON (AP) – A watchdog agency for the accounting industry is proposing that auditors be required to give shareholders more information when they assess the accuracy of public companies' financial reports.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 75 255 11,693
MORTGAGES 72 295 15,274
FORECLOSURE NOTICES 3 71 2,982
BUILDING PERMITS 198 590 27,844
BANKRUPTCIES 62 280 11,242
BUSINESS LICENSES 35 98 4,136
UTILITY CONNECTIONS 94 516 17,000
MARRIAGE LICENSES 18 80 3,544

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