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VOL. 129 | NO. 74 | Wednesday, April 16, 2014

Winter Drags Down Q1 Building Permits

Shelby County’s homebuilding industry, plagued by poor weather early in 2014, got off to a slow start in the first quarter, with builders filing 14.2 percent fewer permits than in the same three-month period a year ago.

Upward Mobility

Gateway Group Personnel, clients’ careers reaching new heights

In hindsight, the story started exactly as it should have.

Wharton Outlines $596 Million Budget Plan

Memphis Mayor A C Wharton Jr. warned Tuesday, April 15, that “half measures” in converting city employees to a defined contributions benefits plan would not restore the city’s financial health and resolve an unfunded pension liability of hundreds of millions of dollars.

March Building Permits Drop 35 Percent

Homebuilding declined significantly in March compared to a year ago, with builders filing 35.2 percent fewer permits than last year.

Early Voting Opens in County Primaries

Shelby County voters begin deciding Wednesday, April 16, who holds 11 countywide offices, including Shelby County mayor and district attorney general, as well as 13 seats on the Shelby County Commission drawn with new single-member district lines.

Local Weather
Today
Memphis, TN
53°F
Fair
Wind: 0 mph
Humidity: 80%

EVENTS

Kiwanis Club of Memphis will meet Wednesday, April 16, from noon to 1 p.m. at The University Club of Memphis, 1346 Central Ave. Don Johnson, bishop of the Episcopal Diocese of West Tennessee, will speak. Cost is $18 for nonmembers.

more events »

Archer-Malmo Adds Staff, Expands Downtown

For Memphis-based marketing communications agency archer-malmo, the story has been consistent, with a trajectory that seems to only go in one direction.

County Commission Ready for Budget Analysis

Shelby County Commissioners begin their detailed look at the county’s consolidated budget proposal Wednesday, April 16, for the coming fiscal year.

NEWSMAKERS

Aghabeg Joins Gateway Group as Controller

Angela Aghabeg has joined temporary staffing and executive search firm Gateway Group Personnel as controller. In her new role, Aghabeg is responsible for the maintenance and accuracy of the general ledger and compliance with governmental reporting requirements and tax filings. She also is accountable for compiling historical and current data and financial records and preparing monthly financial statements for analysis and projections.

LOCAL COLUMNISTS

A Calling Card That Speaks Volumes

For those in marketing, there is never, ever enough time in the day to get it all done. That’s why savvy marketers seek passive marketing strategies to compliment their more active techniques. It’s like having a secret squad at work for you 24/7.

Return to Value

Last week, we discussed that the wrestling match between stimulus and global debt deleveraging will continue to create anxiety and volatility for investors. Viewing the world through this prism helps to clarify seemingly baffling market movements.

STATE GOVERNMENT

Parent Trigger Legislation Fails This Session

NASHVILLE (AP) – A bill seeking to make it easier for parents to convert struggling public schools into charter schools has failed in a House subcommittee.

State Textbook Commission Bill Advancing in House

NASHVILLE (AP) – A proposal that makes changes to the process for selecting books for public schools is headed for a full House vote.

In Tennessee, School Voucher Bill Fails for Session

NASHVILLE (AP) – Gov. Bill Haslam's proposal to create a program that gives parents the option to move a child from a failing public school to a private school has once again failed to pass.

Open Gun Carry Bill Defeated in Tennessee House Panel

NASHVILLE (AP) – A bill seeking to allow Tennesseans to openly carry firearms in public without permits was overwhelmingly defeated a House subcommittee on Monday night.

Senate Approves Haslam's Free Tuition Plan

NASHVILLE (AP) – Gov. Bill Haslam's signature proposal to create a program that would cover tuition at two-year colleges for any high school graduate is a step closer to the governor's desk.

Senate Resolution Honors MTSU President

NASHVILLE (AP) – Middle Tennessee State University President Sidney McPhee was honored by the state Senate for an award he received in Beijing.

Measure Changes Way Charter Schools Authorized

NASHVILLE (AP) – A proposal that changes the way certain charter schools are authorized is headed to the governor for his consideration.

NATIONAL GOVERNMENT

Yellen Signals More Aggressive Stance Toward Banks

WASHINGTON (AP) – The Federal Reserve may be about to turn more aggressive in its regulation of the financial system.

Congress is Giving States the Transportation Blues

DAYTON, Ohio (AP) – On the road in a tour bus this week, the U.S. transportation secretary is spreading some bad news: the government's Highway Trust Fund is nearly broke. If allowed to run dry, that could set back or shut down projects across the country, force widespread layoffs of construction workers and delay needed repairs and improvements.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 23 109 3,995
BUILDING PERMITS 431 872 36,714
BANKRUPTCIES 54 232 14,575
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 10 83 4,746

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