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VOL. 128 | NO. 124 | Wednesday, June 26, 2013

Council Approves Tax Hike in $3.40 Property Tax Rate

Memphis City Council members raised the city property tax rate Tuesday, June 26, by four cents above the recertified tax rate and put the rest of a turbulent budget season to rest.

Lasting Impression

Metal Museum celebrates work of apprentices past and present

Matthew Snape was working for a blacksmith in his native United Kingdom when he got the opportunity to do a demonstration at the Metal Museum.

Hopson: 300 Employees to Lose Jobs

By Friday, June 28, as many as 300 central office employees of the consolidated school system will be without a job as the schools merger is about to become official with the July 1 start of the new fiscal year.

Georgia-Pacific Converting Buckeye Deal to Merger

ATLANTA (AP) – Georgia-Pacific is converting its acquisition of Buckeye Technologies Inc. to a merger that requires a shareholder vote because of regulatory inquiries.

Report: Delays Possible for Tennessee’s Uninsured

A government watchdog report released last week pointed to delays in setting up consumer assistance programs in states that have opted for federally run health insurance marketplaces, like Tennessee.

Local Weather
Today
Memphis, TN
71°F
Partly Cloudy
Wind: 12 mph
Humidity: 39%

EVENTS

Kiwanis Club of Memphis will meet Wednesday, June 26, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. District Attorney General Amy Weirich will speak. Cost is $18 for nonmembers.

more events »

Early Voting Opens for Municipal Schools

Early voting in advance of the July 16 special elections on forming suburban school districts opens Wednesday, June 26, at the Shelby County Election Commission offices Downtown at 157 Poplar Ave.

Obsidian Gets New Leader in Memphis Office

After working to help grow Obsidian Public Relations’ branch in Dallas since early 2012, Kerri Guyton has returned to Memphis to take over daily management of the PR firm’s local team.

MEMPHIS NEWSMAKERS

Christian Brothers Names Doyle Vice President of Student Life

Tim Doyle has joined Christian Brothers University as associate vice president of student life. In the role, Doyle supervises multiple aspects of campus operations – including housing, student government, health services and Greek organizations – working to address non-academic student needs and help students develop into active, engaged alumni.

LOCAL COLUMNISTS

Research: Optimists Sell More

Years ago psychologist Martin Seligman discovered a dramatic correlation between a salesperson's optimistic outlook and his ability to close sales. Optimists do indeed sell more than pessimists – 33 percent more. They handle rejection more easily; in fact, rejection increases persistence. Plus, they are more likely to stay motivated on their own and less likely to give up when a sales call doesn’t go well.

Don’t Forget the Fundamentals

All eyes were on Federal Reserve chairman Ben Bernanke last week, as the Federal Open Market Committee held its June meeting, followed by a Bernanke press conference. Let’s first remember how we got here.

STATEWIDE

Volkswagen Opens Regional Distribution Center in Tennessee

LENOIR CITY (AP) – Volkswagen has opened a $40 million facility in Tennessee to distribute parts for Passat sedans made by the German automaker's nearby assembly plant.

REGIONAL

Butler Snow Opens London Office

JACKSON, Miss. (AP) – The Jackson, Miss., law firm of Butler, Snow, O'Mara, Stevens & Cannada is announcing Tuesday the opening of an office on London.

NATIONAL BUSINESS

Reports Reflect Fed's Message of Stronger Economy

WASHINGTON (AP) – The U.S. housing recovery is strengthening. Factories are fielding more orders. And Americans' confidence in the economy has reached its highest point in 5.5 years.

NATIONAL GOVERNMENT

Supreme Court Halts Use of Key Part of Voting Law

WASHINGTON (AP) – A deeply divided Supreme Court threw out the most powerful part of the landmark Voting Rights Act on Tuesday, a decision deplored by the White House but cheered by mostly Southern states now free from nearly 50 years of intense federal oversight of their elections.

Senators Propose Overhaul of Housing Finance

WASHINGTON (AP) – A bipartisan group of senators on Tuesday proposed an overhaul to the housing finance system that would gradually eliminate Fannie Mae and Freddie Mac, the two government-sponsored mortgage guarantee giants, and shift more mortgage and credit risk to the private sector.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 70 125 13,455
MORTGAGES 119 192 17,541
FORECLOSURE NOTICES 1 33 3,424
BUILDING PERMITS 0 623 31,553
BANKRUPTCIES 62 128 12,823
BUSINESS LICENSES 40 51 4,648
UTILITY CONNECTIONS 80 233 19,690
MARRIAGE LICENSES 25 69 4,129

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