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VOL. 128 | NO. 188 | Thursday, September 26, 2013

Bryant Touts Delta as Auto Epicenter

A different kind of Detroit comparison was made in the Mississippi Delta this week.

AutoZone Reports Mixed Quarterly Results

AutoZone Inc. arguably has shifted temporarily into the slow lane, but the Memphis-based auto parts retailer is confident its engine still has enough horsepower to outrace the competition.

Complaint: Bank of America Discriminated in Memphis

Bank of America allegedly discriminated against minority neighborhoods and property owners in Memphis in the way it handled bank-owned properties, according to an amended complaint filed with the federal government.

Economist Outlines US Freight Network at Intermodal Conference

The Intermodal Freight Transportation Institute at the University of Memphis welcomed a distinguished list of guest speakers to its seventh annual Intermodal Freight Conference at the FedEx Institute of Technology Tuesday, Sept. 24.

Mock Development Pitches Presented to Investors

At first glance, the four sharks seemed pretty intimidating.

Local Weather
Today
Memphis, TN
82°F
Partly Cloudy
Wind: 3 mph
Humidity: 60%

EVENTS

Farmington Presbyterian Church will host a human-trafficking workshop with human rights advocate Rev. Noelle Damico Thursday, Sept. 26, from 9 a.m. to 3 p.m. at Balmoral Presbyterian Church, 6413 Quince Road. Damico will cover the forms of human trafficking, how it happens and how to take action against it. Cost is free. Email bonnieleeblair@aol.com for more information.

more events »

Conservancy Wants Guarantees on Shelby Farms Parkway

The Shelby Farms Park Conservancy wants to see more work toward agreements about a proposed Shelby Farms parkway, including no big-rig truck traffic, that are its conditions for agreeing to the long-discussed road.

24-Hour Run Supports Haiti Medical Missions of Memphis

The years and the miles are adding up. And there really couldn’t be one without the other. Seventeen years ago, volunteers from Memphis went to Haiti on a short-term mission trip and saw there was a desperate need for health services.

Filing Deadline Nears for School Board Races

It looks as if the prospective candidates in many of the suburban school board races on the Nov. 7 ballot had already decided the winners a day away from the noon, Thursday, Sept. 26, filing deadline for the six sets of races.

Beale Street Landing Fences Removed

The grass-covered hill that forms the roof of Beale Street Landing was an immediate hit with riverfront visitors Tuesday, Sept. 24, as the first construction fences came down on the site.

MEMPHIS LAW TALK

Futhey Cuts Own Path With Solo Law Practice

Malcolm Futhey III recently made a leap of faith by opening his own practice, the Futhey Law Firm PLC, in Midtown.

LOCAL COLUMNISTS

Think Twice Before Picking Retirement Date

Ray’s Take “When I hit age 65, I’m out of here,” is a common enough observation. Global competition, increased governmental regulation and the speed of technological innovation have made working careers more unnerving than ever. That magical number “65” was selected a long time ago when life expectancies were a good bit shorter. We run our retirement models to at least age 95 now. Delaying retirement beyond that magical number of 65 for even a few years can make a significant difference in your financial security.

When Siri Speaks

My smartphone was, of course, in my pocket. Apparently, though, I’d unknowingly pressed the button that activates it. Through my judicial robe and the fabric of my trousers. The lawyer in front of me wound up his remarks. There was a longer-than-normal pause.

The Fed Sets Fed Policy

The Fed has two primary job descriptions. First, keep prices stable. Second, promote an environment of economic growth that provides employment opportunities. Which is more important?

NATIONAL BUSINESS

Home and Stock Values Boost US Household Wealth

WASHINGTON (AP) – U.S. household net worth jumped $1.3 trillion in the spring, fueled by gains in home and stock values.

NATIONAL GOVERNMENT

US Borrowing Authority to be Exhausted by Oct. 17

WASHINGTON (AP) – Treasury Secretary Jacob Lew said Wednesday the government will have exhausted its borrowing authority by Oct. 17, leaving the United States just $30 billion cash on hand to pay its bills.

Senate Clears Hurdle on Stopgap Spending Bill

WASHINGTON (AP) – The Senate has cleared a hurdle on a stopgap spending bill that would avert a government shutdown and unravel President Barack Obama's health care law.

USPS Seeks Increase in Cost of Stamps, to 49 Cents

WASHINGTON (AP) – It soon could cost 49 cents to mail a letter.

REAL ESTATE

US New-Home Sales Jump 7.9 Percent in August

WASHINGTON (AP) – Americans stepped up purchases of new homes in August after cutting back in July, suggesting that higher mortgage rates are not yet slowing the housing recovery.

HEALTH CARE

Obamacare Trade Off: Low Premium, High Deductible

WASHINGTON (AP) – You might be pleased with the low monthly premium for one of the new health insurance plans under President Barack Obama's overhaul, but the added expense of copayments and deductibles could burn a hole in your wallet.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 433 13,330
MORTGAGES 114 591 17,349
FORECLOSURE NOTICES 11 93 3,391
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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