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VOL. 128 | NO. 105 | Thursday, May 30, 2013

Mayor, Council Talk Budget Reset

This wasn’t what the Memphis City Council had in mind when its budget committee set Thursday, May 30, as its wrap-up session on the city budget.

Surgical Solutions

Weight-loss procedures on rise to fight obesity epidemic

When Ashley Hopper crawled into bed each night she would pray it wasn’t the night she was going to have a heart attack in her sleep.

Westin Addresses Overbooked Weekend

The Westin Memphis Beale Street Hotel has spent about $15,000 to compensate customers the hotel did not have rooms for last weekend during an overbooked three-day period that included several high-profile events Downtown.

Boyle Helps Reach Harahan Funding Goal

The city of Memphis has raised the matching funds to build the “Main to Main Connector” thanks to local donations, the latest of which is $50,000 from Memphis-based Boyle Investment Co.

School Uniform Policies Remain Unchanged

After setting policies on school uniforms and labor unions, next up for the countywide school board is a single policy for the two combined school systems on student access to cell phones.

MEMPHIS LAW TALK

Baker Donelson Litigator Tom Comes Full Circle

Robert Tom, commercial and business litigation attorney for Baker, Donelson, Bearman, Caldwell & Berkowitz PC, has been elected shareholder of the law firm.

LOCAL COLUMNISTS

Reacting To Fed Dread

In an otherwise exceptionally dull trading week, markets worldwide reacted violently last Wednesday to Ben Bernanke’s mixed congressional testimony and the Fed meeting minutes released later in the day. Why so skittish?

Commencement Address – Part 2

(Continuing my apologies to Schmick, Wheelan, Rowling, Lamott, Wallace, Sedaris, and others, I offer Part 2 of the graduation speech I’ve never given. Part 1 ended On Election Day, 1996. Executing a plan to visit 25 polling places, I got caught in traffic, went down a road I’d no intention of traveling, and wound up at a polling place I’d not intended of visiting. It was 5:30 p.m., and the volunteers at this place expected only a dozen or so voters in the next two hours.)

STATEWIDE

Two Plead Guilty in Probe of Truck Stop Chain

NASHVILLE, Tenn. (AP) — Two employees of the truck stop chain owned by the family of Tennessee Gov. Bill Haslam and Cleveland Browns owner Jimmy Haslam pleaded guilty Wednesday in a federal probe of the company's business practices.

Attorney General: Gun Measure Doesn't Affect Employment Law

NASHVILLE, Tenn. (AP) — A Tennessee employer could fire a worker who violates company policy by storing firearms and ammunition in vehicles parked on employers' property despite a new state law, according to a state attorney general's opinion.

Tennessee Names Clinics Receiving Suspect Medication

NASHVILLE, Tenn. (AP) — The state Health Department has named the clinics in Tennessee receiving suspect medication from a Newbern pharmacy.

REGIONAL

Former Audit Chief Named Arkansas Treasurer

LITTLE ROCK, Ark. (AP) — Former Legislative Auditor Charles Robinson will replace the Arkansas state treasurer who resigned last week over charges she accepted cash payments for steering business to an investment banker, Gov. Mike Beebe announced Wednesday.

Pryor Preparing to Launch First Campaign Ads

LITTLE ROCK, Ark. (AP) — Democratic U.S. Sen. Mark Pryor's campaign said Wednesday it is preparing to launch the first campaign ad for his re-election bid as he faces a high-dollar television blitz from groups on the left and the right.

NATIONAL BUSINESS

US Banks Report Record Earnings for First Quarter

WASHINGTON (AP) — U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses from bad loans.

Wealthy Win Lion's Share of Major Tax Breaks

WASHINGTON (AP) — Wealthier households benefit significantly more than lower earners from big tax breaks such as deductions for mortgage interest and charitable giving, the government said in a study Wednesday.

Mothers Now Top Earners in 4 in 10 US Households

WASHINGTON (AP) — America's working mothers are now the primary breadwinners in a record 40 percent of households with children — a milestone in the changing face of modern families, up from just 11 percent in 1960.

Unemployment Rates Fall in Nearly All Cities

WASHINGTON (AP) — Unemployment rates fell in almost all large U.S. cities in April, helped by stronger hiring. The gains show the job market is improving throughout the country.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 87 87 14,804
MORTGAGES 80 80 19,410
FORECLOSURE NOTICES 22 22 3,817
BUILDING PERMITS 142 142 35,472
BANKRUPTCIES 62 62 14,096
BUSINESS LICENSES 62 62 5,053
UTILITY CONNECTIONS 99 99 21,532
MARRIAGE LICENSES 37 37 4,594

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