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VOL. 128 | NO. 193 | Thursday, October 3, 2013

Memphis Financial Experts ‘Not Worried’ About Shutdown

David Waddell, president and CEO of Memphis-based Waddell & Associates, had a two-word response when asked what financial and economic impact there might be from the current dysfunction in the nation’s capital.

Class Project

Woodland breaks ground on school expansion

Woodland Presbyterian School broke ground Monday on phase one of a church and campus overhaul and expansion, a project that will include the construction of a building to be used for seventh- and eighth-grade classrooms and a technology lab.

Seven Suburban School Board Races Contested

The suburban school board races next month come down to seven contested elections in four of Shelby County’s six suburban towns and cities.

GTx Layoffs Show Drug Market’s Volatility

The layoffs at Memphis-based GTx Inc., announced Tuesday, Oct. 1, came with the resignation of the drug manufacturing company’s chief financial officer and pay cuts for GTx’s top three leaders.

City Pension Crisis Meets Sanitation Overhaul

The city’s looming pension liability crisis and the proposed solution to it intersected Tuesday, Oct. 1, with a plan to overhaul city sanitation services and, in the process, provide a pension supplement to sanitation workers.

School Board Fields Almost Set as Early Voting Ends

So far, the Nov. 7 municipal school board races in Arlington and Collierville will be a formality.

MEMPHIS LAW TALK

Coston-Holloway Finds Myriad Ways to Give Back

Joann Coston-Holloway, an associate with Baker, Donelson, Bearman, Caldwell & Berkowitz PC, is Shelby County’s district representative for the Tennessee Bar Association.

LOCAL COLUMNISTS

Don’t Leave Your Kids a Big Mess

Ray’s Take You may believe your financial records are fairly well organized. However, you could unwittingly be leaving your loved ones a big mess. No one likes to dwell on dying, but one day we’ll all “make the switch,” and a little planning can greatly ease the pain for those left behind.

Roger and Me

Bummer! I drove in from Tulsa a while ago. No big deal that my teammates and I suffered an ignominious defeat on the golf course this morning. No big deal that I opted to not listen to the football game on the radio during the drive home, which might have made the drive seem briefer.

NATIONAL BUSINESS

US Businesses Worry About a Prolonged Shutdown

NEW YORK (AP) – As the government's partial shutdown enters a second day, most companies across the country are doing business as usual. Yet concern is rising that a prolonged shutdown would cause some work at private companies to dry up and consumers to lose faith in the U.S. economy.

Enterprise Holdings to Hire 11,000

ST. LOUIS (AP) – Enterprise Holdings told The Associated Press on Wednesday that it plans to hire 11,000 new workers by the middle of next year, thanks to the success of its trio of car rental companies.

NATIONAL GOVERNMENT

Shutdown Gives Obama Unlikely Ally: Big Business

WASHINGTON (AP) – Business leaders are taking sides with Democratic President Barack Obama after failing to persuade their traditional Republican allies in Congress to avert a government shutdown.

Stop Being So Stupid, Voters Tweet to Congress

WASHINGTON (AP) – The roiling debate over the U.S. government shutdown is extending to Twitter, Facebook and Instagram as fed-up Americans turn to social media to register their disgust with federal lawmakers for shutting down the government.

HEALTH CARE

GOP States Offer Little Help on Buying Insurance

ATLANTA (AP) – After three years of bashing President Barack Obama's health care overhaul, Republican governors were surprisingly mute on the first day consumers could shop for insurance policies through online marketplaces.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 0 82 3,380
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 76 352 12,695
BUSINESS LICENSES 21 108 4,597
UTILITY CONNECTIONS 77 564 19,457
MARRIAGE LICENSES 29 151 4,060

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