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VOL. 128 | NO. 5 | Tuesday, January 8, 2013

GTx Drug Receives Fast-Track Status From FDA

MEMPHIS (AP) – An experimental GTx Inc. treatment for muscle wasting in patients with a form of lung cancer will be reviewed under the Food and Drug Administration's fast-track program. Its shares climbed more than 12 percent in premarket trading.

By the Numbers

Grizzlies’ new data guru ready to roll up his sleeves

John Hollinger is a familiar sight at the MIT Sloan Sports Analytics Conference, the event Dallas Mavericks owner Mark Cuban has jokingly described as Geekapalooza.

Council Tackles Blue CRUSH, Wage Theft

Memphis City Council members take up third and final reading Tuesday, Jan. 8, of an ordinance that sets up a local General Sessions Court-based process for settling “wage theft” complaints.

City Sales Tax Hike Proposal Resurfaces

Two months after voters – most of them Memphians -- rejected a countywide sales tax hike, there is a new proposal for a city-wide sales tax hike to go on the ballot later this year in a special election.

Appraisal Institute President Pushes for Appraiser Education

Kids aren’t the only ones with “back to school” on their minds this week. Members of the Appraisal Institute in Memphis are responding to a leadership push to develop the education of Memphis-area appraisers by seeking special designations.

Local Weather
Today
Memphis, TN
72°F
Mostly Cloudy
Wind: 6 mph
Humidity: 81%

EVENTS

The University of Memphis Cecil C. Humphreys School of Law will host student loan expert Heather Jarvis Tuesday, Jan. 8, from 9 a.m. to 10:30 a.m. in the school’s Wade Auditorium, 1 N. Front St. Jarvis’ seminar is part of a workshop for second- and third-year law students. Visit memphis.edu/law for details.

more events »

UT Health Science Center Revives Bachelor of Nursing Program

The University of Tennessee Health Science Center plans to reactivate its baccalaureate program for the Bachelor of Science in Nursing beginning in the fall. The program was suspended in December 2009.

Tennessee Education Receives ‘C-’ Grade From StudentsFirst

StudentsFirst, the national education reform group headed by former Washington schools leader Michelle Rhee, gives the state of Tennessee a grade of “C-” on the state’s education policy so far.

REAL ESTATE RECAP

Crowne Plaza Hotel Sells Out of Foreclosure

300 N. Second St. Memphis, TN 38103

LOCAL COLUMNISTS

New Shoes, Lifting Spirits

Last week we explored Memphis Recovery Centers, which is helping adolescents and adults fight drug and alcohol addiction. This week, in light of our Samaritans Feet Shoe Distribution coming up on Thursday, Jan. 17, let us discuss the annual event and spotlight the organization working to help people around the world who go without shoes each day: Samaritans Feet International.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Jan. 8, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

STATE GOVERNMENT

Lawmakers to Resume Education Focus in New Session

NASHVILLE (AP) – Legislation that would allow parents to decide the fate of a struggling school is among several education-related proposals lawmakers are likely to discuss during the 108th Tennessee General Assembly that convenes Tuesday.

Tennessee Fights Transparency for Child Welfare Agency

NASHVILLE (AP) – The Tennessee Department of Children's Service has been reporting to a federal court for more than a decade on how it is handling foster care, yet it faces no such scrutiny of its handling of children suffering from abuse or neglect.

NATIONAL BUSINESS

Medtronic Narrows Guidance on Tax Credit

MINNEAPOLIS (AP) Medtronic Inc. narrowed its earnings guidance for its 2013 fiscal year Monday following the renewal of a key tax credit.

Banks to Pay $8.5 Billion for Foreclosure Abuse

WASHINGTON (AP) – Ten major banks agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

NATIONAL GOVERNMENT

White House, GOP Draw Red Lines in Debt Debate

WASHINGTON (AP) – Struggling for the upper hand in the next round of debt talks, Republicans and Democrats this weekend drew lines in the sand they said they'd never cross when it comes to the U.S. debt limit.

Government to Require Electric Cars to Make Noise

DETROIT (AP) – The government wants all electric and hybrid vehicles to make some noise when traveling under 18 miles per hour so pedestrians can hear them coming.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 332 10,554
MORTGAGES 0 412 13,739
FORECLOSURE NOTICES 0 80 2,724
BUILDING PERMITS 0 915 25,222
BANKRUPTCIES 0 264 10,156
BUSINESS LICENSES 0 78 3,814
UTILITY CONNECTIONS 0 430 14,987
MARRIAGE LICENSES 0 83 3,250

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