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VOL. 129 | NO. 90 | Thursday, May 8, 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.

Tower Facelift

I-bank Tower in midst of makeover

One of Memphis’ most recognizable office buildings, occupying a prime piece of commercial real estate on Poplar Avenue in East Memphis, is getting a makeover.

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.

Mortgage Market Up 8 Percent in April

Sam Goff, a senior loan originator at Independent Bank, announced in a post to his Facebook followers last month that mortgage rates were at one point about as low as they’d been in 2014 so far.

County Primaries Reflect Different Political Fortunes

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.

Local Weather
Today
Memphis, TN
65°F
Fair
Wind: 3 mph
Humidity: 90%

EVENTS

The Downtown Alive concert series will feature Maitre D’s Thursday, May 8, from 11:30 a.m. to 1 p.m. in Court Square. The free series, produced by the Downtown Memphis Commission and Memphis Music Foundation, continues through June 26. Visit downtownmemphis.com.

more events »

Council Mulls Pension Liability Numbers

The leaders of the city’s police and fire unions watched closely Tuesday, May 7, at City Hall as new numbers on the city’s pension liability from a new group of actuaries appeared to reset the ongoing discussion about city finances.

Former Cardinal Herr to Appear at Redbirds Game

If you’re a St. Louis Cardinals fan, you may not believe what you are about to hear from former second baseman Tom Herr who played on three Cardinals World Series teams in the 1980s.

LOCAL COLUMNISTS

Merging Financial Identities

Ray’s take: Americans are getting married later. The 2013 figures from the Office for National Statistics show the average age at which men get married is 31 years, while women are typically aged 29 years when they tie the knot.

Itchy Digit

“You have trigger finger.” The words were uttered by my primary care physician. Matter-of-factly, I might add, to use a twice-hyphenated adverb. I was reminded of a crossword clue, something like “A gunslinger’s may be itchy.” Henceforth I’ll be reminded of “stenosing tenosynovitis” – a disorder marked by locking and/or snapping of a finger’s flexor tendon. And by pain!

Cataracts Can be Slowed, Treated With Proper Care

Cataracts are probably the most common reversible/treatable ocular disease and afflict millions of people in the U.S. and throughout the world.

STATEWIDE

Tennessee 12th-Graders Below Average in Math, Reading

NASHVILLE (AP) – Tennessee Education Commissioner Kevin Huffman said Wednesday that a report showing the state's high school seniors' below-average performance in math and reading is partially due to them not being exposed to recent education changes that have more rigorous standards.

NATIONAL BUSINESS

US Consumer Borrowing Rose $17.5 Billion in March

WASHINGTON (AP) – Consumers increased their borrowing in March by the largest amount in more than a year, using their credit cards and taking out more auto and student loans.

NATIONAL GOVERNMENT

Yellen Foresees Continued Low Borrowing Rates

WASHINGTON (AP) – Federal Reserve Chair Janet Yellen said Wednesday that the U.S. economy is improving but noted that the job market remains "far from satisfactory" and inflation is still below the Fed's target rate.

Congress Considers Bill for Women's History Museum

WASHINGTON (AP) – Citing history textbooks, national parks and landmarks that mostly leave women out, lawmakers Wednesday are reviving a long-stalled effort to create a National Women's History Museum in the nation's capital.

HEALTH CARE

Health Insurers: Payment Rates Above 80 Percent

WASHINGTON (AP) – Top health insurance companies told members of Congress Wednesday that more than 80 percent of people who've signed up under the president's new health care law have gone on to pay their premiums – a necessary step for the enrollment figures touted by the Obama administration to hold up.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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