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VOL. 131 | NO. 151 | Friday, July 29, 2016

Pinnacle Keeps Ramping Up in Memphis

Pinnacle Financial Partners has been steadily ramping up its presence in Memphis since entering the market last year via its acquisition of Memphis-based Magna Bank.

Akbari Speaks at Democratic Convention

State Representative Raumesh Akbari had the stage at the Democratic National Convention in Philadelphia Thursday, July 28, for four minutes.

Public School System in Shelby County Continues Evolution

The new school year that begins Aug. 8 is four academic years since the start of the state-run Achievement School District, three academic years past the merger of public education in Shelby County and two years since the demerger into seven school systems.

Mallory Taps Houston For Panama Canal Expansion

Memphis-based shipping company Mallory Alexander International Logistics has opened an office in Houston in anticipation of changes in shipping patterns as a result of the Panama Canal’s expansion.

Local Weather
Currently
Memphis, TN
83.0°F
Mostly Cloudy
Wind: South at 9.2 mph
Humidity: 77%

EVENTS

Tennessee’s sales tax holiday will take place Friday through Sunday, July 29-31. Shoppers can save nearly 10 percent on clothing, school and art supplies that cost $100 or less per item and computers that cost $1,500 or less. Visit tntaxholiday.com for details and lists of tax-exempt and taxable items.

more events »

STARTUP CONFIDENTIAL

Petschonek: ‘You Have to Be a Jack-of-All-Trades’

Can you get a business idea from a 30-day break from work, followed by a road trip? For Sarah Petschonek, founder and executive director of Volunteer Odyssey, the answer is yes.

Commission Sets Tax Rate, Debate Remains

Shelby County Commissioners made it official Wednesday, July 27, keeping the county property tax rate the same – at $4.37 per $100 of assessed value.

SPORTS

The SEC is TEC – Tight End Conference

Last season, Hunter Henry became the second Arkansas Razorback to win the John Mackey Award, which for the last 16 years has annually recognized the best tight end in college football. Henry, famously known for the fourth-and-long “Hunter Heave” in the Razorbacks’ wild 53-52 overtime win over Ole Miss, also produced a strong body of work for the entire season, including 46 receptions for 647 yards and three touchdowns.

MLB Commissioner Needs More Faith in His Game

Steph Curry, you’re too good. So as decreed by NBA commissioner Adam Silver, you are now limited to seven 3-point attempts per game and no more than two in the fourth quarter.

LOCAL COLUMNISTS

The Privilege of Legacy

WE ARE PRIVILEGED TO BE HERE. As poor as we are, we are far richer than we may realize. As so many struggle to make ends meet, one may wonder why so many are drawn to us. As difficult as it is to breathe the air this time of year, there is music in that air, there is a world-famous beat to this city.

Long-Term Care – Not for Everyone

Ray’s Take With people living longer due to advances in medicine and lifestyle changes, chances are that most of us will become disabled for some time before we die and will need some long-term care. The projected numbers are at least seven in 10 Americans over age 65, and the vast majority underestimates the cost. 

THE TIPPING POINT

Fight Over Confederate Flag Taught Robertson How to Change Minds

Memphis stands at the threshold of incredible possibility. In this series, we profile innovative Memphians who are driving our city forward and forging its future success.

STATEWIDE

Lowe's to Build $100M Facility in Tennessee, Create 600 Jobs

COOPERTOWN, Tenn. (AP) — Home improvement retailer Lowe's is building a new fulfillment center in Robertson County, creating 600 jobs.

TDOT Mourns Death of Worker Killed While Flagging Traffic

ALAMO, Tenn. (AP) — The Tennessee Department of Transportation is mourning the death of a 63-year-old worker killed while flagging traffic in Crockett County.

REGIONAL NEWS

Principal Accused of Cheating Removed, License Questioned

CLARKSDALE, Miss. — A woman accused of orchestrating cheating at Clarksdale's Heidelberg Elementary School is no longer its principal, and her administrator's license is in question.

NATIONAL BUSINESS

US Homeownership Rate Matches 51-Year Low

WASHINGTON (AP) — The proportion of U.S. households that own homes has matched its lowest level in 51 years — evidence that rising property prices, high rents and stagnant pay have made it hard for many to buy.

Average US 30-year Mortgage Rate Edges Up to 3.48 Percent

WASHINGTON (AP) — Long-term U.S. mortgage rates edged higher this week for a second straight week. They still are near historically low levels to encourage potential homebuyers.

US Oil, Gas Applications Could Drop 40 Percent

BILLINGS, Mont. (AP) — U.S. officials announced plans Thursday to speed up the permitting process for oil and gas drilling on federal lands to reduce delays, as applications were projected to be down 40 percent in coming years versus their historical average amid an ongoing price slump.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 98 312 11,432
MORTGAGES 149 386 14,289
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 144 693 24,727
BANKRUPTCIES 60 244 8,676
BUSINESS LICENSES 11 93 3,864
UTILITY CONNECTIONS 79 453 13,909
MARRIAGE LICENSES 9 70 3,101

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