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VOL. 128 | NO. 111 | Friday, June 7, 2013

Lee House Renovation ‘Ready to Go’

The group that wanted to convert the historic James Lee House in Victorian Village has purchased the home and construction is expected to begin in the next few weeks.

Next Wave

Children’s Museum debuts fun summer educational opportunities

What do you follow a splash park with at the Children’s Museum of Memphis?

Wharton: Tax Rate Proposal Could Drop

Memphis Mayor A C Wharton Jr. says the $3.51 city property tax rate his administration took to the City Council this week could drop as the council adopts controversial changes in city employee benefit packages.

Malco Theatres Opening New Locations

Malco Theatres is in the midst of a growth spurt.

Pre-Kindergarten Expansion in Funding Limbo

The idea of a city sales tax hike to fund an expansion of pre-kindergarten classrooms in Memphis schools may have been buried this week.

Local Weather
Today
Memphis, TN
76°F
Cloudy
Wind: 5 mph
Humidity: 56%

EVENTS

YMCA of Memphis and the Mid-South will hold a lunch and learn for those interested in the YMCA Corporate Games Friday, June 7, from 11:30 a.m. to 1 p.m. at its corporate office, 6373 Quail Hollow Road, suite 201. The games will be held Sept. 16-22. R.S.V.P. to Shauna Bateman at sbateman@ymcamemphis.org or 766-7677.

more events »

Documents Shed Light on Future of Cozymel’s Site

MEMPHIS STANDOUT

Keller Finds Right Culture at RedRover

Catherine “Kitty” Keller is one of the newest members of the team at RedRover Sales & Marketing, and her addition comes at a time of a steady swelling of the ranks, a recent batch of awards and consistent business growth for the firm.

SPORTS

‘Lefty’ Highlights 2013 Golf Tournament Field

The biggest name at this weekend’s FedEx St. Jude Classic signed autographs as he came off the ninth green at TPC Southwind after his pro-am round and then stopped to chat with reporters.

Answering Memphis’ Hot Sports Topics

In a week with too many worthy column topics and too many valid questions deserving answers, let’s spend a few moments with each one.

LOCAL COLUMNISTS

From an Architect’s Perspective

SEE THE DIFFERENCE IT MAKES. It’s not about money. Especially brand-new money. You can spend a ton of money on a building or a house and it can still be as ugly as original sin or as overdone as Donald Trump’s hair.

Asking ‘Why?’ Can Transform Your Organization

Part three of three-part series on transformational giving. Do major gifts to nonprofits fall from the sky, or are they more typically the result of deep commitment, relationships and the ability to use the tools and data available to nonprofits? We asked Barbara Pierce, founder of Transformative Giving, about how donor research supports transformational giving.

STATEWIDE

Tennessee Educators Push for Immigration Reform

MEMPHIS (AP) – Twenty-one leaders of Tennessee's colleges and universities have sent a letter to the state's two U.S. senators urging their support for immigration reform that will allow more graduates to remain in the country after they finish their education.

NATIONAL BUSINESS

AP Survey: Economists See No Stock Market Bubble

WASHINGTON (AP) – A debate is raging among investors and analysts: Has the Federal Reserve inflated a stock market bubble by driving interest rates to record lows?

Retailers Report Modest Gains for May

NEW YORK (AP) – In the latest sign that Americans are feeling better about the overall economy, stores across the country had a pickup in sales in May.

NATIONAL GOVERNMENT

US Government Collecting Huge Number of Phone Records

WASHINGTON (AP) – The government is secretly collecting the telephone records of millions of U.S. customers of Verizon under a top-secret court order, according to the chairwoman of the Senate Intelligence Committee. The Obama administration is defending the National Security Agency's need to collect such records, but critics are calling it a huge over-reach.

Obama Pushes Plan for Fast Internet in US Schools

MOORESVILLE, N.C. (AP) – Touting the need to give every child the tools for success, President Barack Obama on Thursday toured a North Carolina school where every student has a laptop and called for 99 percent of American students to be connected to super-fast Internet within five years.

REAL ESTATE

Average Rate on 15-Year US Mortgage Above 3 Percent

WASHINGTON (AP) – The average U.S. rate on a 15-year fixed mortgage rose above 3 percent this week for the first time in a year, while the rate on the 30-year fixed loan approached 4 percent.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 260 13,157
MORTGAGES 103 370 17,128
FORECLOSURE NOTICES 0 36 3,336
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 74 209 12,552
BUSINESS LICENSES 22 65 4,554
UTILITY CONNECTIONS 88 416 19,309
MARRIAGE LICENSES 27 94 4,003

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