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VOL. 128 | NO. 143 | Wednesday, July 24, 2013

State Delays Office Lease Announcement

Groups hoping to garner the state’s real estate needs Downtown will have to wait a little longer to find out if they placed the winning bid.

New Route

Local travelers seek new frequent flier programs

For frequent fliers, the perks that come with elite status often outweigh miles.

Achievement School District TCAPs: Reading Down, Math and Science Up

Student achievement test scores for the first school year of the Achievement School District shows students in the set of historically low performing schools made gains in science and math proficiency but fell further behind in reading.

Detroit’s Woes Worry Wharton

Memphis Mayor A C Wharton Jr. doesn’t think Memphis has the long-term financial problems or the indifference to those problems that prompted city leaders in Detroit to file an unprecedented bankruptcy last week.

White Paper: Young Alumni are Unique Givers

When it comes to charitable donations, members of the so-called millennial generation are in a unique class of givers.

Local Weather
Today
Memphis, TN
39°F
Fair
Wind: 3 mph
Humidity: 62%

EVENTS

The Cooper-Young Business Association will feature Side Street Steppers as part of the Red Hot Summer concert series Wednesday, July 24, from 6:30 p.m. to 8:30 p.m. in the gazebo at Cooper Street and Young Avenue. Cost is free. Visit cooperyoung.biz.

more events »

Issues of County Budget Season Remain

The Shelby County property tax rate of $4.38 is ready for the tax bills that are to go out starting later this month.

MEMPHIS NEWSMAKERS

Ady Joins Ballet Memphis as Ballet Master

James Ady has joined Ballet Memphis as ballet master. In his new role, Ady will teach morning technique classes, assist with community outreach programs, and rehearse and coach dancers for upcoming performances.

LOCAL COLUMNISTS

Narrowcasting Kills Broadcast Marketing

If you’re still operating under the marketing principles that worked 10 years ago, your brand equity and customer base may be slipping away before your very eyes. In many ways, the strategies that work today are polar opposites to those deemed effective a mere decade ago.

STATE GOVERNMENT

Tre Hargett Elected President of National Group

NASHVILLE (AP) – The National Association of Secretaries of State has elected Tennessee Secretary of State Tre Hargett as its new president.

State Lawmaker to Propose Tuition Freeze

NASHVILLE, Tenn. (AP) – A Republican state lawmaker says he wants to freeze tuition at Tennessee's colleges and universities despite criticism from education officials that such a proposal would eliminate funds needed to sustain essential programs and basic operation.

NATIONAL BUSINESS

Regions' Second-Quarter Net Income Falls 9 Percent

BIRMINGHAM, Ala. (AP) Regions Financial Corp. on Tuesday reported a 9 percent drop in second-quarter profit as expenses increased while the bank wrote fewer mortgage loans.

Report: Economic Concerns Drive College Choices

WASHINGTON (AP) – College costs are driving decisions about which schools to attend, what to study and even where to live, according to a report from loan giant Sallie Mae.

UPS Profit Falls on Shift to Lower Cost Services

DALLAS (AP) – UPS said Tuesday that second-quarter profit fell 4 percent as customers shifted from premium toward lower-priced shipped services.

NATIONAL GOVERNMENT

Senate Moves Forward on Transportation Spending

WASHINGTON (AP) – A $108 billion measure that would boost funding for infrastructure projects and housing subsidies for the poor is moving ahead in the Senate.

House GOP, Democrats Clash Over Immigration

WASHINGTON (AP) – House Republicans took a tentative step toward offering citizenship to some unauthorized immigrants Tuesday, but hit an immediate wall of resistance from the White House on down as Democrats said it wasn't enough.

White House Backs Student Loan Compromise

WASHINGTON (AP) – The White House is urging Congress to pass a bipartisan compromise on student loans that would offer lower interest rates for the next few years.

HEALTH CARE

FDA: Menthol Cigarettes Likely Pose Health Risk

RICHMOND, Va. (AP) – A Food and Drug Administration review concludes that menthol cigarettes likely pose a greater public health risk than regular cigarettes but does not make a recommendation on whether to limit or ban the minty smokes – one of the few growth sectors of the shrinking cigarette business.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 63 269 16,682
MORTGAGES 85 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 65 287 15,829
BUSINESS LICENSES 16 67 5,558
UTILITY CONNECTIONS 126 413 23,986
MARRIAGE LICENSES 22 94 5,129

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