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VOL. 126 | NO. 107 | Thursday, June 2, 2011

Council Continues Mulling Budget

It’s not the best way to go about setting a city budget. But it does happen from time to time. With the July 1 start of the fiscal year now weeks away, the Memphis City Council is without a clear consensus on any one way to balance the city’s budget, which is $22.7 million in the red by the administration’s count.

Office Art

Memphis businesses use local art to enhance environment

When Stacy McCall, president of ServiceMaster by Stratos, walked into the Memphis College of Art’s South Main Street graduate school on its opening day, she didn’t realize she’d be making a business deal.

REP Helps Refugees Feel at Home In New City

Rwandan native Jules Mucyoweva plays an integral role in the lives of roughly 400 refugees – about half of them children – from 18 countries, all served by the Refugee Empowerment Program.

Fox 13 Reporter Sues Over Racy Photos

Fox 13 reporter Lauren Lee reported a story on cyber-bullying in 2010 that included comments from the creator of an Internet site replete with sexually explicit stories about people pictured on the site. Now, she’s suing several entities affiliated with it.

ProLogis, AMB Corp. Announce Merger

Denver-based ProLogis and San Francisco-based AMB Corp. announced Wednesday, June 1, a definitive agreement to combine through a merger of equals.

Local Weather
Currently
Memphis, TN
34.0°F
Fair
Wind: Northeast at 5.8 mph
Humidity: 73%

EVENTS

The Delta – Everything Southern! Conference will be held this weekend. It begins with a tour of the city Thursday, June 2, from 9 a.m. to 4 p.m. Friday features eight speakers from 8:15 a.m. to 4:30 p.m. in the Michael D. Rose Theatre Lecture Hall on the University of Memphis campus. A two-day tour of the Mississippi Delta will be held Saturday, June 4, and Sunday, June 5. For more information or to register, visit www.memphis.edu/deltaconference/register.php.

more events »

Germantown Collection Center in Foreclosure

The Germantown Collection shopping center that includes tenants such as Chili’s and Panera Bread at the corner of Poplar Avenue and Exeter Road has been foreclosed.

Latta Ready for Second Term as Bankruptcy Judge

Talk about a major pat on the back. Jennie Latta, a federal judge for the U.S. Bankruptcy Court’s Western District of Tennessee, has been reappointed by the Sixth Circuit Court of Appeals to another 14-year term on the bench.

The Power Of Influence

Editor’s Note: This is the first in a two-part series. Up to 90 percent of people favor word of mouth as their preferred source of product information, according to a 2005 study by Paul Marsden, and more than 90 percent of consumers would try a product or service if recommended to them by a friend.

Quote Unquote L.J. Peter

I’ve been browsing “Peter’s Quotations: Ideas for Our Time” (1977). I’ve owned two copies for years. It’s never more than arm’s length away. It’s the most valuable quote book ever. Its compiler, Dr. Laurence J. Peter, co-authored “The Peter Principle,” a 1969 treatise on hierarchiology. He’s a genius.

Budget More, Stress Less

If your family is like most, you have expenses that are predictable from month to month, such as your mortgage, utilities and car payments.

STATEWIDE

Dollar General Q1 Net Income Climbs, Revenue Up

GOODLETTSVILLE, Tenn. (AP) – Dollar General Corp.'s first-quarter profit rose 15 percent as shoppers continued to head to its stores for bargains.

STATE LEGISLATURE

Tenn. Passes Web Entertainment Theft Bill

NASHVILLE (AP) – State lawmakers in country music's capital have passed a groundbreaking measure that would make it a crime to use a friend's login – even with permission – to listen to songs or watch movies from services such as Netflix or Rhapsody.

NATIONAL BUSINESS

APNewsBreak: Taxpayer Identity Theft is Soaring

WASHINGTON (AP) – Imagine filing your tax return and learning that someone else got your refund. With your name and Social Security number, no less.

May Manufacturing Activity Cooled to 20-Month Low

WASHINGTON (AP) – U.S. manufacturing activity expanded in May at the slowest pace in 20 months, the latest sign that a sharp rise in energy prices is hampering economic growth.

Unemployment Fell in April in Most Metro Areas

WASHINGTON (AP) – The best month for private-sector hiring in five years and a pickup in summer jobs helped lower unemployment rates in more than 90 percent of the nation's largest cities in April.

US Auto Sales Cooled in May Due to Shortages

DETROIT (AP) – U.S. auto sales cooled off in May as dealers started running short on some popular, fuel-efficient models and buyers were turned off by sharply lower incentives.

NATIONAL POLITICS

Treasury Yields Reach 2011 Lows on Hiring Drop

A benchmark government bond yield dropped to its lowest level of the year after two reports cast fresh doubt about the economic recovery.

Republicans Press Obama on Spending

WASHINGTON (AP) – Top House Republicans pressed President Barack Obama Wednesday for a detailed plan on budget cuts, and one leading lawmaker accused him of distorting a GOP Medicare proposal at the center of the partisan divide over spending.

HEALTH CARE

Consumer Prescription Drug Guide Published

NEW YORK (AP) – The publisher of the Physicians' Desk Reference is releasing a book intended to give consumers basic information about hundreds of commonly prescribed drugs.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 307 21,073
MORTGAGES 82 330 24,691
FORECLOSURE NOTICES 66 93 8,703
BUILDING PERMITS 0 837 43,174
BANKRUPTCIES 63 240 14,142
BUSINESS LICENSES 17 75 6,476
UTILITY CONNECTIONS 25 139 13,650
MARRIAGE LICENSES 10 77 5,146

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