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VOL. 128 | NO. 27 | Friday, February 8, 2013

Luttrell ‘Alarmed’ Over Budget Numbers

Shelby County Mayor Mark Luttrell meets Friday, Feb. 8, with Shelby County Schools superintendent John Aitken to look over the still tentative budget plan for the consolidated school system that debuts in August.

Forrest Fire

Historians bring differing perspective to park debate

When the Memphis City Council got around to the discussion that counted this week on the future of Forrest Park and, as it turns out, two other Civil War-themed parks, council member Myron Lowery was adamant.

LaunchYourCity Moving to Playhouse on the Square

The LaunchYourCity entrepreneurial platform, which includes elements like Upstart Memphis and the Seed Hatchery startup accelerator, is getting set to relocate out of the EmergeMemphis building Downtown.

Madewell Coming to Saddle Creek

The Shops of Saddle Creek in Germantown will soon gain another national retailer with no other presence in Tennessee.

Trucking Braces for Hours of Service Changes

New changes to the hours of service (HOS) rules from the U.S. Department of Transportation will impact truckers and trucking companies beginning July 1 unless a pending lawsuit in the U.S. Court of Appeals for the District of Columbia blocks the new rules before then.

Local Weather
Today
Memphis, TN
33°F
Partly Cloudy
Wind: 0 mph
Humidity: 82%

EVENTS

Helen Brett Enterprises will host the Small Business Revenue Generator Bootcamp Friday, Feb. 8, from 11 a.m. to 3:45 p.m. during the Memphis Gift & Jewelry Show at Memphis Cook Convention Center, 255 N. Main St. The event will teach retailers best practices regarding sales and profit generation. Visit bootcamp.helenbrett.com.

more events »

New Seed Hatchery Season Launches

This weekend marks the start of the third season of Seed Hatchery, Memphis’ startup accelerator that aims to turn six teams of founders into well-prepared, more polished entrepreneurs.

MEMPHIS STANDOUT

Rix Discovers Everyone’s Perfect Chocolate Flavor

“What does your business taste like?” That’s one of the first questions Chef Phillip Ashley Rix asks when company leaders commission his signature chocolates to represent their brands. It’s an unusual way to start a business conversation, and it usually jolts people into thinking outside the box, he says.

SPORTS

Grizzlies Must Reset Season’s Shot Clock

In the NBA, everyone’s used to living with the tight deadline that is the 24-second shot clock. Players and coaches are always turning the page from last possession to next possession.

New Uniform, Same Rudy Gay

Rudy Gay is incognito now – disguised as a genuine star player who had to go north of the border to take his rightful place center stage. In his Toronto Raptors debut, Gay came off the bench and scored 20 points on 8-of-16 shooting, 3-of-6 from 3-point range, in a dominating victory over the L.A. Clippers (albeit, without Chris Paul). In his first start, a loss to the Miami Heat, Rudy scored 29 points on 11-of-23 shooting.

LOCAL COLUMNISTS

War Within the State

TENNESSEE HAS DECLARED WAR ON SHELBY COUNTY. We now have renamed three parks. Forrest Park to Health Sciences Park. Confederate Park to Memphis Park. Jefferson Davis Park to Mississippi River Park. The new names are uninspired and uninteresting – they might as well be Boring Park, Bland Park and Whatever Park – but what inspired them is what makes them interesting.

Saluting UNCF Founder Patterson

Black History Month celebrations are incomplete without a salute to nationally recognized fundraiser Dr. Frederick Douglass Patterson, founder of the United Negro College Fund. Named for abolitionist Frederick Douglass, Patterson was committed not only to fundraising but to collective fundraising that has changed the lives of generations of African-Americans.

STATE GOVERNMENT

Ramsey: State Senate Delays Bill to Ban Medicaid Growth

NASHVILLE (AP) – Senate Speaker Ron Ramsey says fellow Republican Sen. Brian Kelsey has agreed to delay consideration of a bill seeking to ban the state from participating in Medicaid expansion under the federal health care overhaul.

REGIONAL

Renasant to Buy First M&F in $119 Million Stock Deal

TUPELO, Miss. (AP) Renasant Corp. will buy fellow Mississippi bank First M&F Corp. in a $119 million stock transaction.

NATIONAL BUSINESS

Retailers Report Strong January Sales

NEW YORK (AP) – Sometimes, the devil is in the deals. Americans shopped the winter clearance racks in January, resulting in strong sales during the month for retailers.

NATIONAL GOVERNMENT

Mississippi River Caucus Launched in Senate

ST. LOUIS (AP) – A bipartisan Mississippi River Caucus is being launched in the U.S. Senate in an effort to encourage commerce and address issues such as flood mitigation and navigation concerns.

US Unemployment Aid Applications Decline to 366,000

WASHINGTON (AP) – Fewer Americans sought unemployment benefits last week, indicating companies continue to hire at a modest but steady pace.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 70 134 16,547
MORTGAGES 72 144 21,576
FORECLOSURE NOTICES 9 35 4,301
BUILDING PERMITS 209 209 39,587
BANKRUPTCIES 80 149 15,691
BUSINESS LICENSES 15 28 5,519
UTILITY CONNECTIONS 117 201 23,774
MARRIAGE LICENSES 14 51 5,086

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