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VOL. 128 | NO. 122 | Monday, June 24, 2013

Congressional Delegation Tours Presidents Island

The International Port of Memphis played host to a handful of influential guests Friday, June 21, just as the city and its partners are seeking a large federal grant to help expand the industrial area.

High School Addition

Frayser 9th Grade Academy signals key ASD move

Three weeks before the first school year of the Achievement School District ended in May, parents and students at Westside Achievement Middle School began to prepare for the addition of a separate ninth-grade academy at the Frayser school opening this August.

Medical Supply Program Facing Delays, Scrutiny

Less than a week before an effort to rein in billions of dollars in Medicare spending on home medical equipment is set to kick in, members of Congress and medical supply programs are pushing to delay the plan, saying some of the process has been mishandled and that the process lacks transparency.

Wright Medical Sells OrthoRecon Unit

Wright Medical Group. Inc. said Wednesday, June 19, it will sell its hip and knee implants business, OrthoRecon, to a unit of Shanghai-based MicroPort Scientific Corp. for $290 million in cash.

RedRover Expands Business, Headcount

RedRover Sales & Marketing has added several new members to its “pack” in recent weeks.

Museum Expands Civil Rights Exhibits

From the hold of a slave ship to a segregated classroom to “freedom song karaoke,” the new elements of the renovated National Civil Rights Museum are taking shape.

SMALL BUSINESS SPOTLIGHT

Hub Automotive Brings Sense of Flair to Repair

Jennifer and Andrew Brunson opened The Hub Automotive last September in the Cooper-Young District.

LOCAL COLUMNISTS

Happiness As Strategy

Today, I finished reading the book “Delivering Happiness: A Path to Profits, Passion and Purpose” by Tony Hsieh. Tony is the CEO of Zappos – and Tony is an experimenter extraordinaire! In a nutshell, he seems to be willing to try pretty much anything in his ongoing quest to develop and nurture a culture of happiness creators at Zappos.

STATEWIDE

Tennessee Ends $40 Million in Child Allowances for Unemployed

NASHVILLE, Tenn. (AP) — The state is notifying Tennesseans drawing unemployment benefits that they will soon lose a weekly $15-per-child allowance as part of a new law signed by Republican Gov. Bill Haslam.

Water Official Equates Complaints With Terrorism

NASHVILLE, Tenn. (AP) — A state water official told members of a Tennessee environmental group that their water quality complaints could be considered an act of terrorism.

REGIONAL

Mississippi Unemployment at 9.1 Percent in May

JACKSON, Miss. (AP) — Mississippi's unemployment rate dropped slightly to 9.1 percent in May, and the state was tied with Illinois for the second-highest seasonal adjusted jobless rate in the nation.

Mississippi Agency Announces Recycling Grants

JACKSON, Miss. (AP) — The Mississippi Department of Environmental Quality has $1 million in grants available for local governments to create, improve or expand cooperative recycling programs.

Arkansas Unemployment Rate Rises Slightly in May

LITTLE ROCK, Ark. (AP) — Arkansas' unemployment rate rose slightly in May, increasing from 7.2 percent in April to 7.3 percent in May, according to a report released Friday by the state Department of Workforce Services.

NATIONAL BUSINESS

Investors Flooding Into Floating-Rate Funds

NEW YORK (AP) — For most bond mutual funds, rising interest rates are kryptonite.

Unemployment Fell in Half of US States in May

WASHINGTON (AP) — Unemployment rates fell in half of U.S. states last month, led by drops in California, West Virginia, New York and Hawaii.

Fed Official Criticizes Announcement on Bond Buys

WASHINGTON (AP) — A Federal Reserve voting member believes the Fed's decision to announce details about when it would trim its bond-buying program was "inappropriately timed," according to a statement posted by his staff Friday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 76 166 10,044
MORTGAGES 105 195 13,070
FORECLOSURE NOTICES 0 35 2,573
BUILDING PERMITS 0 154 23,678
BANKRUPTCIES 79 149 9,682
BUSINESS LICENSES 42 51 3,654
UTILITY CONNECTIONS 103 264 14,227
MARRIAGE LICENSES 0 24 3,087

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