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VOL. 129 | NO. 5 | Wednesday, January 8, 2014

Council Approves Ballpark Deal

Memphis City Council members approved the city’s $19.5 million purchase of AutoZone Park Tuesday, Jan. 7, and another $4.5 million in improvements to the baseball park.

Redbirds Supporters March to City Hall

Backers of the proposal for the city to buy AutoZone Park rallied at the ballpark in below-freezing temperatures Tuesday in advance of the Memphis City Council's afternoon meeting.

Wharton Administration Offers First Look at Pension Liability Options

Finding $15 million in new revenue each year for the next five fiscal years for the city’s unfunded pension liability will mean “We can’t continue business as usual,” city of Memphis Chief Administrative Officer George Little warned Tuesday, Jan. 7.

Grizzlies’ Gutsy Comeback Falls Short

Fans had reason to cheer when the Grizzlies’ overtime game with the San Antonio Spurs ended Tuesday, Jan. 7, at FedExForum.

15 Vie for County Commission Seat

Shelby County Commissioners will interview a group of 15 citizens Wednesday, Jan. 8, who want to become the newest member of the elected body.

Local Weather
Today
Memphis, TN
83°F
Fair
Wind: 5 mph
Humidity: 56%

EVENTS

Graceland will host an Elvis birthday proclamation and cake-cutting ceremony Wednesday, Jan. 8, at 9:30 a.m. on the Graceland front lawn, 3734 Elvis Presley Blvd. Cost is free; cake and coffee will be served at the Chrome Grille after the ceremony. Visit elvis.com for other birthday events held through Saturday, Jan. 11.

more events »

Blues Foundation Nearing Fundraising Goal for Hall of Fame

The Blues Foundation is about 80 percent of the way toward securing its $2.5 million budget for construction of the Blues Hall of Fame, which will be housed at 421 S. Main St.

Suburban Superintendents Start Work

Each of their contracts now approved, the superintendents and directors of Shelby County six suburban school systems sat down Tuesday, Jan. 7, around the same table for the first time to talk about how to build their school districts.

MEMPHIS NEWSMAKERS

Gold Strike Promotes Slade to PR Manager

Elizabeth Slade has been promoted to public relations manager at Gold Strike Casino Resort. In her new role at the MGM Resorts International property, Slade will lead in developing and executing integrated marketing communication plans with components such as media relations, social media strategy, community partnerships and brand management.

LOCAL COLUMNISTS

The Psychology Behind Social Media

Brands leveraging social media as an arrow in their quiver of marketing tools naturally want to know what drives people to engage with their brand. It’s perhaps the most important question of all, as mainstream social media sites like Facebook are placing increasing emphasis on how much your followers engage with your brand versus your total follower count.

Resolve to Right Your Finances

It’s 2014. Odds are you made a resolution this year. Maybe you want to lose weight, get a new job or learn to cook. But how do your finances look? If you aren’t thinking about retirement, education or just saving for a rainy day, 2014 is the time to start. If you are thinking about it, where do you stand? Regardless of your situation, I’d like to challenge you to do a few things to better your financial situation in 2014.

It Pays to Look Forward

The thundering herd that carried the equity markets into the record books in 2013 seemed spooked by the first few trading days of 2014. Should we read into this?

STATE GOVERNMENT

Panel Sets Deadline for Chancery Court Applicants

NASHVILLE (AP) – The Governor's Commission for Judicial Appointments has set a Jan. 17 deadline for applications to fill a chancery court vacancy in the 24th Judicial District covering Benton, Carroll, Decatur, Hardin and Henry counties.

GOP's Bailey Appointed to Fill Tenn. House Seat

NASHVILLE (AP) – Republican businessman and farmer Paul Bailey has been appointed by the White County Commission to succeed Democratic state Rep. Charles Curtiss in the General Assembly.

NATIONAL BUSINESS

American Airlines Begins Post-Merger Changes

FORT WORTH, Texas (AP) – American Airlines and US Airways began Tuesday to let passengers earn and redeem frequent-flier miles on either airline.

NATIONAL GOVERNMENT

Yellen Faces Challenges as Fed Trims Bond Buys

WASHINGTON (AP) – Janet Yellen will take the helm of a Federal Reserve facing a significantly different economic landscape from the one that dominated Ben Bernanke's tenure as chairman, confronting her with different decisions as well.

New Prospects in 2014 for an Immigration Overhaul

WASHINGTON (AP) – His agenda tattered by last year's confrontations and missteps, President Barack Obama begins 2014 clinging to the hope of winning a lasting legislative achievement: an overhaul of immigration laws.

IRS: Identity Theft Prosecutions Double in 2013

WASHINGTON (AP) – The Internal Revenue Service is seeing a big jump in thieves stealing Social Security numbers to fraudulently claim tax refunds, the agency said Tuesday.

REAL ESTATE

US Home Prices Tick Up 0.1 Percent in November

WASHINGTON (AP) – U.S. home prices barely rose in November from the previous month and year-over-year gains slowed, reflecting declines in sales in the fall.

STATEWIDE

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 67 156 11,921
MORTGAGES 77 227 15,577
FORECLOSURE NOTICES 15 57 3,080
BUILDING PERMITS 222 606 28,832
BANKRUPTCIES 82 210 11,517
BUSINESS LICENSES 23 73 4,228
UTILITY CONNECTIONS 87 339 17,522
MARRIAGE LICENSES 18 61 3,625

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