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VOL. 128 | NO. 2 | Thursday, January 3, 2013

Local Politicians Split on Fiscal Cliff Bill

There was only one vote for the American Taxpayer Relief bill Tuesday, Jan. 1, among the nine Tennesseans who represent the state in the U.S. House of Representatives.

Spreading Good News

Lipscomb Pitts Breakfast Club launches TV show to shine positive light

The Lipscomb Pitts Breakfast Club is expanding the reach of its upbeat, community-focused brand in 2013.

Restaurants See Plenty of Activity in 2012

There were new restaurant openings, expansions and major milestones celebrated.

Law Review Symposium Addresses Human Trafficking

A 2011 report from the Tennessee Bureau of Investigation on human sex trafficking put it bluntly:

Beale Nightspot Continues to Defy Easy Answers

After a relatively quiet New Year’s Eve on Beale Street, Memphis Mayor A C Wharton Jr. told a prayer breakfast on New Year’s Day, “Beale Street will soon be behind us. … It’s going to be a safe Beale Street.”

Local Weather
Today
Memphis, TN
75°F
Cloudy
Wind: 5 mph
Humidity: 71%

EVENTS

Shelby County Trustee David Lenoir and Chandler Reports will hold the third Real Estate Road Show, a seminar about the growing portfolio of county-owned properties and how to buy them at tax sale, Thursday, Jan. 3, at 3 p.m. in the conference room at The Memphis Leadership Foundation, 1548 Poplar Ave. R.S.V.P. to csheffield@shelbycountytrustee.com or 432-4884.

more events »

MEMPHIS LAW TALK

Babaoglu Driven to Help Others Find American Dream

Being of Azerbaijan descent and born in Milan, Italy, Rehim Babaoglu of Thomason Hendrix Harvey Johnson & Mitchell PLLC, preaches the American dream from his pulpit high above Main Street as an immigration lawyer.

LOCAL COLUMNISTS

Avoid These Seven Deadly Sales Sins

Whether you call it sales, business development or fundraising, bringing in new customers or donors is essential to your organization’s growth. After all, “nothing happens until a sale is made,” as the late founder of IBM, Thomas Watson, so prolifically stated.

Year-End Reminiscing

There was some reminiscing going on the other day. It was late December, and there wasn’t much else to do around the courthouse. Something about being in the courthouse causes the reminiscing to go in a certain direction; to wit: sworn testimony.

Corporate Vision: Are Your Sights Too Low?

CEOs are responsible for setting the strategic vision and driving long-term growth. However, many are compensated based on quarterly and annual goals, which can make keeping the long view in sharp focus challenging. Incremental moves to cut costs, improve efficiency and extend product lines may yield positive metrics. But is this short-term focus on financial results ultimately harming shareholder value by limiting long-term potential?

MEMPHIS AREA
REGIONAL

Middleby has Bought Viking Range for $380M

GREENWOOD, Miss. (AP) – Food service equipment maker Middleby Corp. has bought Mississippi-based oven and kitchen appliance maker Viking Range Corp. for $380 million.

NATIONAL BUSINESS

2013 Auto Sales Will be Strong, Firm Predicts

DETROIT (AP) – A healthier economy and more model introductions should push U.S. auto sales above the 15 million mark this year, predicts an auto industry research firm.

NATIONAL GOVERNMENT

US Still Faces Political Fights on Spending, Debt

WASHINGTON (AP) – A last-minute deal will keep the U.S. from driving off the so-called "fiscal cliff," but higher taxes and continued political fighting in Washington threaten to shake the fragile economy well into 2013.

Taxes Rising for Most People Despite Fiscal Deal

WASHINGTON (AP) – While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 114 332 10,554
MORTGAGES 119 412 13,739
FORECLOSURE NOTICES 0 68 2,712
BUILDING PERMITS 522 915 25,222
BANKRUPTCIES 80 264 10,156
BUSINESS LICENSES 16 78 3,814
UTILITY CONNECTIONS 92 430 14,987
MARRIAGE LICENSES 15 83 3,250

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