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VOL. 132 | NO. 30 | Friday, February 10, 2017

Memphis Housing Market Continues Growth in January

The Memphis and Shelby County housing market got off to a good start in 2017 with a 28 percent increase in total home sales for the area and the largest number of new-home permits since the housing market crash. 

Mortgage Market Shows Strength In January

2017 may be another busy stretch for mortgage bankers in Shelby County, if the atypically busy start to the year is any indication.

Memphis CVB Opens Australia-New Zealand Office

The Memphis Convention & Visitors Bureau is setting up shop Down Under with a sales and marketing effort aimed at Australia and New Zealand.

Early Childhood Academy Takes a Long View of Education

There was dancing in one of the adult rooms at the Porter-Leath Early Childhood Academy Thursday, Feb. 9. On the eve of Friday’s formal opening of the $9.3 million building in Longview Heights, relief teachers and teacher coaches were doing a sort of twist in a circle around the tables and chairs – the kind of thing most of the 224 children, ages 4 and younger, will be doing starting Feb. 21 when they put the new building to the ultimate test.

Palazzolo Urges Slower Phase-Out of Hall Tax, More Revenue for Local Governments

Germantown Mayor Mike Palazzolo wants Tennessee Gov. Bill Haslam to take his foot off the gas pedal when it comes to phasing out the Hall tax on dividend and investment income. And in a Wednesday, Feb. 8, letter to Haslam, Palazzolo makes a case for local governments getting a greater share of Hall tax revenues as the income tax is phased out.

Local Weather
Currently
Memphis, TN
42.0°F
Fair
Wind: South at 8.1 mph
Humidity: 60%

EVENTS

ANF Architects will hold an opening reception for Jin H. Powell’s “See Me, Hear Me, I Am Human” exhibition Friday, Feb. 10, from 5:30 p.m. to 7:30 p.m. at ANF, 1500 Union Ave. On display through March 9, Powell’s works tell the story of “comfort women,” women who were forced into sexual slavery by the Imperial Japanese Army during World War II. For details, email elicloud@anfa.com.

more events »

Last Word: Little Chairs in Longview, Police Pay Raise and Tiger Football Schedule

The toys are in their cubbyholes. No stray Legos yet. The little chairs tucked neatly under little tables. The tall trees with their bare branches are much in need of little eyes inspecting their twisted branches and the shadows they make on the winter ground.

Midtown Market Developers Scale Back Plans

The proposed Midtown Market mixed-use development at Union Avenue and McLean Boulevard has changed as its developers continue to seek financing and adjust more than a year after they unveiled the ambitious but tentative plan.

Union Billboard, Impasse Changes Precede Police Contract Talks

The union representing Memphis Police officers and the city administration are just about ready to start negotiating a new contract.

TENNESSEE LEGISLATURE

Tennessee Democrats Push to Phase Out Grocery Tax

Calling the governor’s fuel-tax plan a “slap in the face” of working Tennesseans, legislative Democrats are making a move to offset increased costs at the pump by phasing out the grocery tax.

Norris Plans White House Trip To Discuss Refugee Resettlement

NASHVILLE – State Sen. Mark Norris is planning a White House visit to discuss the direction of refugee resettlement despite a federal judge’s ruling blocking President Trump’s immigration and refugee moratorium.

Tennessee Bill Would Create Sales Tax Holiday for Guns

NASHVILLE, Tenn. (AP) – A bill proposed in the Tennessee Legislature would create a sales tax holiday for guns and ammunition.

SPORTS

Memphis Baseball Team Opens vs. UT and Ready for Rebound Season

The extended forecast is promising, sunny with high temperatures in the 60s. University of Memphis baseball coach Daron Schoenrock not only is hoping the forecast for opening weekend at FedExPark vs. the University of Tennessee holds, but that clear skies and warming temps are signs of things to come this season.

Scott the Recruiter Must Now Be Scott the Offensive Coordinator

When it comes to offense, Butch Jones thinks he knows what’s best for the Tennessee Vols.

You Gotta Have Heart: UT’s 2017 Recruiting Class

Butch Jones did it again. The Tennessee football coach gave opponents press conference fodder with another one-liner while putting his spin on the Vols’ 2017 signing class.

THE PRESS BOX

Tubby Gets Mad, Tigers Play Better

He got their attention. After the Tigers’ dreadful 72-57 loss at UCF last weekend, coach Tubby Smith put away the diplomacy.

THE TIPPING POINT

Hayes Honors Memphis History, Looks Forward

In Memphis, two pieces of previously neglected history are gaining some well-deserved recognition. The first is Clayborn Temple, a historic hub of economic justice that sheltered Dr. Martin Luther King Jr. during the sanitation workers strike of 1968. The second is the Lynching Sites Project, which honors places around town where extreme racial violence has occurred.

LOCAL COLUMNISTS

The Us of Us

I AM US. I am Muslim. I am a COGIC Hindu Jewish WASP Jehovah’s Witness. I am a Roman Catholic Buddhist Satanist Seventh Day Adventist and Latter-Day Saint. I am an Atheist Agnostic Humanist Evangelist. I am a Sunni Shia Christian Rastafarian Taoist Sikh. I am a foot-washing, holy-rolling Jain spiritualist and whatever Lord Voldemort is – and I am not.

Exercise Care When Taking Distributions

Ray’s Take With few exceptions, the IRS requires that investors in traditional tax-deferred accounts begin to draw them down when they reach age 70 1/2. Most people are inclined to think about required minimum distributions (RMDs) once they start having to take them. It’s a good idea to start some projections well in advance of that deadline. If you miss the deadline, the IRS will access a penalty of 50 percent of the amount you should have taken. 

MEMPHIS AREA

No Charges to be Filed Against Officer in Off-Duty Shooting

MEMPHIS, Tenn. (AP) – A Tennessee prosecutor says no criminal charges will be filed against a Memphis police officer who was off-duty when he fatally shot a man last year.

STATEWIDE

Tennessee Treasury Returns Record of 42K Property Claims

NASHVILLE, Tenn. (AP) – The Tennessee Treasury Department says it returned a record of almost 42,000 claims of unclaimed property in the 2016 budget year.

Ex-Pilot Executive Wants to Throw Out Statement to Agents

KNOXVILLE, Tenn. (AP) – A former vice president of the truck stop chain owned by the family of Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam wants a judge to throw out statements he made to federal investigators.

REGIONAL NEWS

Itawamba Community College President Mike Eaton to Retire

TUPELO, Miss. (AP) – Itawamba Community College president Mike Eaton plans to retire in June after 43 years of service to the college.

NATIONAL BUSINESS

Coca-Cola Seeks Formula for Future Growth

ATLANTA (AP) – Coca-Cola's profit fell 55 percent in the most recent quarter as it restructures with hopes of driving future growth.

Postal Service Says It Lost $200 Million Over Holiday Season

WASHINGTON (AP) – The U.S. Postal Service said Thursday it lost $200 million during the year-end holiday season, despite a strong quarter of package shipping and expanded use of vote-by-mail in the November presidential election.

NATIONAL GOVERNMENT

Lobbyist: Trump Supports Privatizing Air Traffic Control

WASHINGTON (AP) – President Donald Trump told airline and airport executives Thursday that he supports privatizing America's air traffic control system, according to a top airline industry lobbyist who was in the meeting.

Trump Nominee Decried Criticism of Judges, Senators Agree

WASHINGTON (AP) – President Donald Trump insisted Thursday that comments by his Supreme Court nominee criticizing his own attacks on the judiciary were "misrepresented," even as Republican and Democratic lawmakers vouched for the veracity of the remarks.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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