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VOL. 128 | NO. 132 | Tuesday, July 9, 2013

Downtown Offices Gain Attention

The Downtown Memphis Commission focuses on living, working and playing Downtown.

Value Proposition

Memphis small businesses find values driving success

The secret ingredient at Kat Gordon’s East Memphis bakery is not a pinch of this or an extra stir of that.

Commission Votes Down $4.38 Tax Rate

Shelby County Commissioners voted down a $4.38 county property tax rate Monday, July 8, in a decision that could reopen the county’s operating budget for the fiscal year that began July 1.

Local Employers Get Reprieve With Affordable Care Act Delay

The Obama Administration’s decision to delay until 2015 a key requirement of the Affordable Care Act that larger businesses offer health insurance will temporarily give businesses in Memphis and elsewhere in the nation a reprieve.

'Cycle Tracks' Latest Bike Initiative for City

As the $33 million Main Street to Main Street project unfolds, the term “cycle track” is sure to be heard more.

Local Weather
Today
Memphis, TN
50°F
Cloudy
Wind: 7 mph
Humidity: 52%

EVENTS

The Booksellers at Laurelwood will host the Eating Greek Wine & Food Tasting Tuesday, July 9, at 6:30 p.m. at The Booksellers Bistro, 387 Perkins Road Extended. The meal will include traditional Greek foods paired with wines. Cost is $25; space is limited. R.S.V.P. to 374-0881.

more events »

Methodist to Begin $33.5 Million ER Expansion

With demolition winding down, Methodist University Hospital is poised to begin construction of a $33.5 million expansion and renovation of its emergency department.

REAL ESTATE RECAP

Barnhart Buys Industrial Property for Expansion

2085 W. E. Freeman Drive, Memphis, TN 38114 -
Barnhart Crane & Rigging Co. has paid $2.6 million for the industrial property at 2085 W.E. Freeman Drive in the Defense Depot area as part of its local expansion.

LOCAL COLUMNISTS

Investing in Fundraising Success

When the reality of “it takes money to make money” collides with shrinking budgets, nonprofits can face short-term and long-term revenue challenges. Consider the trend among some donors and funders to “restrict” their giving and grantmaking to programs, or direct services. This is a move away from “unrestricted giving” or “operating grants,” which allow a nonprofit to use gifts and grants where they are needed most.

STATE GOVERNMENT

Haslam Defends Education Commissioner Under Fire

NASHVILLE (AP) – Gov. Bill Haslam on Monday reiterated his support for the state's education commissioner, who has come under fire for changes to how teachers are paid.

Gov. Haslam Struggles to Meet Pilot Recusal Pledge

NASHVILLE (AP) – Tennessee Gov. Bill Haslam has struggled almost from the start of his administration to fulfill a campaign pledge to avoid handling matters relating to Pilot Flying J, the family-owned truck stop chain run by his brother, Cleveland Browns owner Jimmy Haslam.

Offenders Can Pay Fines, Fees Online or by Phone

NASHVILLE (AP) – The Tennessee Department of Correction has added an automated fee payment system for court-ordered fines, fees and restitution.

NATIONAL BUSINESS

US Consumer Borrowing Up as Credit Card Use Rises

WASHINGTON (AP) – Americans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since the fall of 2010.

Buffett Makes Annual Stock Donations to Charities

OMAHA, Neb. (AP) – Billionaire Warren Buffett is giving five charities more than $2.6 billion worth of Berkshire Hathaway Inc. stock as part of his overall plan to give away his fortune gradually.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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