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VOL. 128 | NO. 12 | Thursday, January 17, 2013

Sammons Elected Airport Board Chair

Jack Sammons was elected Thursday, Jan. 17, as the new chairman of the Memphis-Shelby County Airport Authority board of commissioners.

‘Stable’ Foreclosures

5 percent increase in 2012 not necessarily good sign

The Crowne Plaza Hotel at 300 N. Second St. sits on a little less than two acres near Interstate 40. The Shelby County Assessor of Property’s 2012 appraisal for the 11-story, 244-room hotel was $6.6 million.

Luttrell Preparing for County Tax Hike

A county property tax hike is probably on the way, according to Shelby County Mayor Mark Luttrell.

Fourth-Quarter Foreclosures Down 11 Percent

As 2012 wound down, so too did the pace of foreclosure activity. Foreclosures fell 11 percent in Shelby County in the fourth quarter of 2012 compared with the same three-month period in 2011, according to real estate information company Chandler Reports,www.chandlerreports.com.

State Health Commissioner Talks Prevention

The School of Public Health at the University of Memphis on Tuesday, Jan. 15, welcomed Tennessee Commissioner of Health Dr. John Dreyzehner and his health policy team to the Fishbowl Room inside the FedEx Institute of Technology for a “town hall” discussion of public health and economic issues that affect our community.

Local Weather
Today
Memphis, TN
85°F
Fair
Wind: 7 mph
Humidity: 51%

EVENTS

Black Business Association of Memphis will meet Thursday, Jan. 17, at 8 a.m. at the Renaissance Business Center, 555 Beale St. Ricky Tucker of Rix International will speak, and a light breakfast will be served. Visit bbamemphis.com.

more events »

RedRover Uses Numbers, Strategy for Growing Client Roster

When it comes to a traditional agency model, RedRover Sales & Marketing is anything but traditional.

MEMPHIS LAW TALK

Christoff Aims to Empower Young Lawyers in Bar Role

Annie Christoff of Bass, Berry & Sims PLC is the new president of the Young Lawyers Division of the Memphis Bar Association for 2013.

LOCAL COLUMNISTS

Factor Inflation in Your Retirement

Ray’s Take Did you realize that just a 2 percent annual inflation rate would result in 27 percent higher prices in a mere 12 years? If inflation were at 3 percent during that time period, prices would soar 43 percent. Three percent is the historic average inflation rate, but it has been much much higher at times. We have all been lulled into complacency in recent years with historically low inflation rates.

If a Tree Falls …

Last week’s column concluded with Susan and me in a hotel room in a neighboring city, to which we’d journeyed in a roundabout way to escape a cold, dark house on my birthday. We and 200,000 others were without electricity.

Status Quo: The Big Lie

In a recent Let’s Grow column, we tackled the hard subject of cognitive biases. Yet, we did not touch upon the most prevalent and insidious bias in business. This big lie is that the status quo exists. Nothing stays the same. Companies who strive to keep things the way the presently are – one definition of status quo – live a lie that is not sustainable. They get fixed and rigid, locked into a certain way of counting on the world, and then they crumble and fall.

STATE GOVERNMENT

Haslam Uncertain About Enhanced School Security

NASHVILLE (AP) – Gov. Bill Haslam says it's too soon to say whether Tennessee should require an armed police presence in every school in the aftermath of the Connecticut school shooting that left six teachers and 20 students dead.

Attorney General: Student Group Bill 'Constitutionally Suspect'

NASHVILLE (AP) – The state attorney general's office says a vetoed bill that took aim at Vanderbilt University's treatment of religious student groups is "constitutionally suspect."

REGIONAL

Bryant Wants to Ease Mississippi Veterans' Job Searches

JACKSON, Miss. (AP) – Gov. Phil Bryant wants to make it easier for veterans to get jobs when they leave the military and for the spouses of military members to get jobs when they transfer to Mississippi.

NATIONAL BUSINESS

Business CEOs Call for Raising Retirement Age

WASHINGTON (AP) – An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans.

Fed Survey: US Economy Picked Up at End of Year

WASHINGTON (AP) – Holiday shopping, strong auto sales and a recovering housing market helped boost the U.S. economy from the middle of November through early January, according to a Federal Reserve survey released Wednesday.

NATIONAL GOVERNMENT

Interior Chief Salazar Stepping Down in March

WASHINGTON (AP) – Interior Secretary Ken Salazar, who oversaw a moratorium on offshore drilling after the BP oil spill and promoted alternative energy sources throughout the nation, will step down in March.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 156 11,921
MORTGAGES 77 227 15,577
FORECLOSURE NOTICES 15 57 3,080
BUILDING PERMITS 222 606 28,832
BANKRUPTCIES 82 210 11,517
BUSINESS LICENSES 23 73 4,228
UTILITY CONNECTIONS 87 339 17,522
MARRIAGE LICENSES 18 61 3,625

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