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VOL. 129 | NO. 147 | Wednesday, July 30, 2014

International Paper Profits Fall 38 Percent

International Paper reported second quarter earnings of $161 million Tuesday, July 29, a $98 million drop from the second quarter a year ago when IP reported net earnings of $259 million.

Difference Maker

Green Machine celebrates one year of mobile groceries

When the Green Machine Mobile Food Market rolled up to University Place a year ago – the market being housed inside a lime green retired MATA bus – the first customer was a 103-year-old former school teacher in a wheelchair.

County Schools Show Gains in Reading, Science

The Tennessee Comprehensive Assessment Program – or TCAP – test data for Shelby County Schools students in grades 3-8 shows 41.7 percent were proficient or advanced in math, with 41 percent proficient or advanced in reading and 52 percent proficient or advanced in science.

Brooks Museum Director Takes Position in Cincinnati

Cameron Kitchin is leaving his position as director of the Memphis Brooks Museum of Art to become director of the Cincinnati Art Museum.

Achievement School District Touts Proficiency Gains

The state-run Achievement School District grew its math proficiency percentages in its second school year by 2.2 percentage points, reading and language arts by 3.4 percentage points and science proficiency percentages by half a percentage point – all compared to the previous 2012-2013 school year.

Local Weather
Today
Memphis, TN
56°F
Partly Cloudy
Wind: 3 mph
Humidity: 40%

EVENTS

Church Health Center Wellness and Bring It Food Hub will hold a Bring It, Cook It, Take It cooking class Thursday, July 31, at 5:30 p.m. at 1115 Union Ave. The class will include cooking demonstrations using fresh produce, plus tastings and recipes. Cost is $5 and includes a bag of produce. Visit churchhealthcenter.org.

more events »

Riverside Drive Hearing Draws Opposition to Bike and Pedestrian Conversion

City engineers heard a lot of opposition Tuesday, July 29, to not only the recent changes to Riverside Drive by Tom Lee Park but also the way the city went about the conversion of the two southbound lanes to bicycle and pedestrian access only.

City Union Floats Alternative Health Care Plan as City Outlines Trust Fund

Memphis City Council members will at least discuss an alternative health insurance plan next month.

ABF Freight Acquires Two Memphis Properties

ABF Freight System Inc. appears poised to significantly expand its Memphis presence, but company officials aren’t saying it’s a done deal just yet.

Suburban Precincts Lead in Early Vote Turnout

Seven of the top 10 precincts for early voter turnout through this past weekend and the first of two weeks of early voting in Shelby County are in the suburbs.

Simple Focus Owner Forms Management Company

The arrival of his digital product design company’s fifth birthday finds Simple Focus owner JD Graffam in a different position from where his firm started out in 2009.

Grizzlies Plan ‘Pop-Up Park’ for Tom Lee Park

The Memphis Grizzlies would like to activate Tom Lee Park while generating a community-wide discussion about the highest and best use of green spaces.

Tigers Place Seventh in Preseason Poll

The University of Memphis placed seventh in the preseason poll at American Athletic Conference Media Days on Tuesday, July 29, in Newport, R.I.

MEMPHIS NEWSMAKERS

Kirby Joins Literacy Mid-South to Lead Community Engagement

Carley Cianciolo Kirby has joined Literacy Mid-South as community engagement coordinator. In her new role, Kirby will be responsible for the Mid-South Book Festival, which this year is scheduled for Sept. 25-28, as well as the citywide reading campaigns and Literacy Mid-South’s new school fundraising initiative.

LOCAL COLUMNISTS

Debunking Five Pinterest Myths

There’s no denying virtual scrapbooking site Pinterest’s explosive growth, now boasting more than 40 million active users per month. The Webs 2014 Small Business Digital Usage Survey cites 20 percent of small businesses who use social media view Pinterest as a top social media channel for marketing their businesses.

Asia Votes for Growth

Ni Hao!

MEMPHIS AREA

Groundbreaking Set for Graceland Hotel

MEMPHIS, Tenn. (AP) — Priscilla Presley is scheduled to attend a groundbreaking ceremony for a new hotel at Graceland, the Memphis tourist attraction at the longtime home of her late ex-husband, rock 'n' roll icon Elvis Presley.

STATEWIDE

Haslam Letter Baffles Immigrant Advocates

NASHVILLE, Tenn. (AP) — Immigrant advocates say they are baffled by a letter that Gov. Bill Haslam sent to President Barack Obama that says his administration should have been informed about the placement of 760 unaccompanied immigrant children in Tennessee.

NATIONAL BUSINESS

US Consumer Confidence Jumps to 90.9 in July

WASHINGTON (AP) — U.S. consumers are more confident about the economy than they have been in nearly seven years.

Study: 35 Percent in US Face Debt Collectors

WASHINGTON (AP) — More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.

NATIONAL GOVERNMENT

Fed Weighs Key Issues But May Reveal Little

WASHINGTON (AP) — This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.

Senate Confirms McDonald as Veterans Affairs Secretary

WASHINGTON (AP) — The Senate on Tuesday unanimously confirmed former Procter & Gamble CEO Robert McDonald as the new Veterans Affairs secretary, with a mission to overhaul an agency beleaguered by long veterans' waits for health care and VA workers falsifying records to cover up delays.

US, Europe Impose Tough New Sanctions on Russia

WASHINGTON (AP) — Spurred to new action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, followed swiftly by a new round of U.S. penalties targeting key sectors of the Russian economy.

Clean-Air Rules Assailed as Too Much, Too Little

DENVER (AP) — Hundreds of people across the country lined up Tuesday to tell the Environmental Protection Agency that its new rules for power-plant pollution either go too far or not far enough.

In GOP South, Pushback Against Obama Climate Rules

ATLANTA (AP) — In the Republican-heavy Southeast, critics said Tuesday that a plan by President Barack Obama's administration to cut pollution would raise electricity prices, result in job losses and may not significantly curtail the carbon emissions blamed for global warming.

REAL ESTATE

US Home Price Gains Slow for Sixth Straight Month

WASHINGTON (AP) — U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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