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VOL. 129 | NO. 89 | Wednesday, May 7, 2014

Trenary Named Greater Memphis Chamber President

A veteran of the local business and economic development scene will guide the Greater Memphis Chamber as it seeks to execute an ambitious economic and community growth plan.

Tackling the ‘Taboo’

Courtney prepares to release ‘Against the Grain’

Bill Courtney is adamant – which, if you know him, is a redundancy – that he has not written a political book.

Malone to Challenge Luttrell In August Mayoral Showdown

Former Shelby County Commissioner Deidre Malone will challenge incumbent Shelby County Mayor Mark Luttrell in the August county general election after winning the Tuesday, May 6, Democratic mayoral primary.

Commission Rejects Luttrell’s Schools Request

Shelby County Commissioners rejected Wednesday, May 7, a plan by Shelby County Mayor Mark Luttrell to give Shelby County Schools $13.9 million in capital funding for the current fiscal year instead of a much larger amount the school system requested.

Shelby County Home Sales on the Rise

Shelby County experienced a modest increase in home sales in April compared to the same month last year, but sales rose sharply from March and prices continued their upward surge.

Local Weather
Today
Memphis, TN
87°F
Partly Cloudy
Wind: 10 mph
Humidity: 61%

EVENTS

Regional One Health will hold the 2014 Sports Related Brain Injury and Concussion Management Symposium Wednesday, May 7, from 5 p.m. to 8:30 p.m. at Saint Francis Hospital’s Longnotti Auditorium, 5959 Park Ave. Topics include “Mild TBI/Concussion,” “Neuropsychology and Sports Concussion” and “Return to Play After Concussion.” Email cchambers@regionalonehealth.org or call 545-8487 to register.

more events »

Actuary Estimates Lower Pension Liability Numbers

The actuary firm hired by the Memphis City Council to help the council navigate the city’s unfunded pension liability told the council Tuesday, May 6, that the city’s unfunded pension liability is $457 million and the city’s annual required contribution on the liability should be $69.3 million.

Suburban Schools Seek Share of $50 Million

The leaders of Shelby County’s seven school systems are expected to make their cases before the Shelby County Commission Wednesday, May 7, for $50 million in capital funds the county set aside for the current fiscal year.

Entrepreneur Day Spotlights Power of Innovation

Already in recent weeks, Moziah “Mo” Bridges, the 12-year-old founder of the Memphis-based Mo’s Bows bow tie business, has appeared on the hit ABC show “Shark Tank.”

August’s ‘Big Ballot’ Awaits County’s Voters

With the unofficial results in the Shelby County primary elections in, get ready for the “big ballot.”

Norris Defends Rape Kit Backlog Approach

State Senate Republican leader Mark Norris of Collierville says the Tennessee Legislature wants to know the size of the statewide problem of untested rape kits, an explanation of why it happened and a credible plan for eliminating it before coming up with funding to deal with the problem.

NEWSMAKERS

Owens Named MERI Executive Director

Jason K. Owens has been named executive director of the Medical Education & Research Institute. Owens previously served as education/research planning manager of the nonprofit medical teaching and training bioskills laboratory, and has led cross-functional initiatives specific to the MERI’s strategic education and research planning, mobile education development and operational management.

LOCAL COLUMNISTS

The Opportunity in ‘No’

When your business is young, you naturally welcome every new customer with open arms in an effort to generate cash flow and get on your feet.

STATE GOVERNMENT

Senator Appears to Make Light of Holocaust Remark

NASHVILLE (AP) – A Tennessee state senator who compared the federal health care law to the forced transportation of Jews to concentration camps during the Holocaust appeared to make light of the firestorm about his comments this week in a blog post on Tuesday.

NATIONAL BUSINESS

Slowing Chinese Economy Likely to Pinch US, Too

WASHINGTON (AP) – After watching China narrow the U.S. lead as the world's largest economy, Americans might be tempted to cheer signs that the Chinese economy might be stumbling.

NATIONAL GOVERNMENT

House GOP Unveils Bill Slashing Highway Grants

WASHINGTON (AP) – Republicans controlling the House unveiled legislation on Tuesday that proposes a huge cut to a transportation grant program championed by President Barack Obama that funds road and bridge projects, light rail networks, port construction and bike paths.

News Media Challenge Ban on Journalism Drones

WASHINGTON (AP) – More than a dozen media organizations challenged the government's ban on the use of drones by journalists Tuesday, saying the Federal Aviation Administration's position violates First Amendment protections for news gathering.

HEALTH CARE

Bayer to Buy Merck Consumer Business for $14.2 Billion

TRENTON, N.J. (AP) – Germany's Bayer plans to buy U.S.-based Merck & Co.'s consumer health business, creating a combined medicine cabinet of household names from Bayer's aspirin to Merck's Claritin allergy pills.

TECHNOLOGY

Data Breaches: A New Source of Worry for CEOs

NEW YORK (AP) – Add hackers to the long list of things that give CEOs insomnia.

Malone Takes Early Vote In Mayoral Primary

Former Shelby County Commissioner Deidre Malone took the early vote in the three-way Democratic primary for Shelby County Mayor.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 43 43 12,074
MORTGAGES 78 78 15,834
FORECLOSURE NOTICES 0 0 3,130
BUILDING PERMITS 0 0 28,832
BANKRUPTCIES 97 97 11,768
BUSINESS LICENSES 18 18 4,292
UTILITY CONNECTIONS 190 190 17,922
MARRIAGE LICENSES 43 43 3,711

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