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VOL. 129 | NO. 202 | Thursday, October 16, 2014

Bankruptcies Top 3,000 After Second-Quarter Dip

After a second quarter in which bankruptcy filings dipped below 3,000 for the first time since 2011, the total number of filings for the Memphis area rose slightly above 3,000.

‘Wake-Up Call’

Real estate industry renews focus on safety

Last week, Joel Hobson, broker-owner of Memphis-based Hobson Realtors, posted notes in the workplace and a message on the company’s website notifying clients that they may have to meet sales staff at the office or provide proof of identification.

Shelby County Residential Foreclosures Drop 22 Percent

Foreclosures have been on a consistent downward slope in Shelby County, with newly available figures underscoring the comprehensive nature of the decline.

Freight Shipping Company Opening Memphis Center

MEMPHIS, Tenn. (AP)Old Dominion Freight Line Inc. says it is opening a new facility in Memphis.

ASD Considers 12 Additional Memphis Schools

The Achievement School District is considering adding up to 12 Memphis schools to the state-run school district that is now in its third school year.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: South at 9.2 mph
Humidity: 58%


Poplar Pike Playhouse will present “The 25th Annual Putnam County Spelling Bee” Thursday, Oct. 16, to Oct. 25 at the playhouse in Germantown High School, 7653 Old Poplar Pike. Buy tickets at ppp.org.

more events »

State Rolls Out New Election App

Just in time for early voting, the Tennessee Secretary of State’s office is out with a Smartphone app that can answer common questions from voters in every election about where they can vote early, the polling place for their election day precinct and directions to it and some of the districts they live in.

Plans for Lakeland Prep Start to Move

Some of the six suburban school systems were already looking ahead to building new schools before they opened for their inaugural year this past August.

Memphis to Host Transportation Workforce Center

MEMPHIS, Tenn. (AP) – The University of Memphis says it has been awarded a federal grant to host the Southeast Regional Surface Transportation Workforce Center.


Choosing Your Own 401(k) Mix

Ray’s take: Recently, we talked about Target Date Mutual Funds and how these preset funds could be an effective tool for your retirement. These funds have a particular mix that changes as you approach your projected retirement date. These can be good as long as you have researched the funds and determined if the “mix” meets your unique retirement goals.

Less Heat, More Light

In a 1912 poem, Ezra Pound wrote, “Winter is icumen in.” Pound’s “Ancient Music” parodies a 13th century Anglo-Saxon poem that begins “Sumer is icumen in” (sic). Hardly a novel idea: “Here comes winter.” Happens every year, no? We want to prepare.


Killer of Country Comic 'Stringbean' Gets Parole

NASHVILLE, Tenn. (AP) – The killer of country comic David "Stringbean" Akeman and his wife, Estelle, has been granted parole after 40 years in prison.


Fed Survey Finds Moderate Growth Nationwide

WASHINGTON (AP) – The U.S. economy was strengthening in most regions of the country in September to early October, helped by gains in consumer spending, manufacturing and commercial construction, according to the Federal Reserve's latest survey of business conditions.

Wal-Mart Scales Back US Store Growth

NEW YORK (AP) Wal-Mart Stores Inc. plans to dramatically scale back expansion of its U.S. supercenters, while investing more in e-commerce in an effort to pursue customers where they are shopping.

VW Edges GM to Hold 2nd Place in Global Sales Race

DETROIT (AP) – Volkswagen barely edged out General Motors for second place in the global auto sales race during the first three quarters of the year, but Toyota was expected to keep its lead to stay in first place.

Taco Bell Tests Sriracha Flavored Items

NEW YORK (AP) – Want to take a run for the border but wind up in Bangkok?


Budget Deficit Drops to $483 Billion, Lowest Since 2008

WASHINGTON (AP) – The deficit for the just completed 2014 budget year was $483 billion, the lowest of President Barack Obama's six years in office, the government reported Wednesday.

Supreme Court Weighs Generic Drug Dispute

WASHINGTON (AP) – The Supreme Court seems divided as it considers a high-stakes patent dispute between rival pharmaceutical companies over the world's best-selling multiple sclerosis treatment.

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PROPERTY SALES 94 494 11,526
MORTGAGES 99 552 13,427
BUILDING PERMITS 135 926 24,165
BANKRUPTCIES 63 276 7,473

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