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VOL. 127 | NO. 125 | Wednesday, June 27, 2012

County Commission Files Motion to Stop Muni Schools Votes

The Shelby County Commission is asking Memphis Federal Court Judge Hardy Mays to call off the Aug. 2 referendums in all six Shelby County suburbs on forming municipal school districts.

Alternative Sound

Beale Street’s Handy Park diversifies lineup with Flaming Lips concert

When the Flaming Lips perform in Handy Park Wednesday, June 27, it will be a different sound for the street where the blues were born but showmanship of all kinds is a tradition.

Industry Anticipates Court’s Decision

The U.S. Supreme Court is expected to announce its decision on President Barack Obama’s health care overhaul by Thursday, June 28, when the court issues its last opinions before beginning summer recess.

MATA Drops Poplar Ave. Express Service

The Memphis Area Transit Authority will discontinue the Poplar Avenue express bus service it started just this past December.

Pera Shows Track Record Of Early Faith

Editor’s Note: This is the second in a three-part series looking at Robert Pera, the potential new owner of the Memphis Grizzlies.

Local Weather
Currently
Memphis, TN
34.0°F
Fair
Wind: Calm mph
Humidity: 82%

EVENTS

BIG for Memphis will meet Wednesday, June 27, from 10:15 a.m. to 11:30 a.m. at Phelps Security, 4932 Park Ave. BIG brings together Memphis Police Department colonels and business leaders to curb crime and impact the community. Cost is free. R.S.V.P. to billy.garrett@phelpssecurity.com or 365-9728.

more events »

House Owned by Steve Jobs At Center of Merger Discussions

Some of the veil surrounding the 2009 liver transplant in Memphis on the late Apple CEO Steve Jobs lifted this week as the Shelby County Commission debated whether it should lend its collective voice to a possible merger of the transplant center that worked on Jobs and Tennessee Donor Services.

Public-Private Partnership At Heart of Harahan Grant

When the U.S. Transportation Department announced which projects across the country would get a share of $500 million in TIGER grants, it came after local leaders made a series of decisions of their own about a combination of state and federal funding that traveled different paths from the same coffers to two Memphis projects.

MEMPHIS NEWSMAKERS

Literacy Mid-South’s Dean Appointed to State Coalition

Kevin Dean, executive director of Literacy Mid-South, has been appointed to the Tennessee Literacy Coalition’s board of directors. The board unanimously approved Dean’s nomination, and he will serve as a representative from West Tennessee for three years.

LOCAL COLUMNISTS

‘Mad Men’: Dispelling The Myth

Infamous “Mad Men” character Don Draper swills bourbon, chain smokes, womanizes and spouts out seemingly genius 1960s ad campaign concepts just under the wire every week on AMC’s mega hit. How accurate is this depiction of advertising agencies today? Let’s set the record straight.

Avoiding The Cliff

The term “fiscal cliff” is swiftly becoming a normal part of the American vocabulary, as Ben Bernanke, the Congressional Budget Office and economists galore view the combination of spending cuts and tax increases on tap for January as a cliff that our mildly growing economy cannot afford to fall over. The spending cuts matter, but at $1.2 trillion over 10 years, when our actual spending clocks in at $3.5 trillion per year (and growing), the effects are muted compared to an instant, gargantuan tax hike on Jan. 1. If no further action is taken, the tax increases will unfold as follows:

Finding a Better Word for ‘Innovation’

Remember when the word “paradigm” was killed in the dot-com era? How about “synergy” “edgy” or the prefix “e-” – these three expressions died from the same disease: overuse.

MEMPHIS AREA

Deutsche Bank Analyst Boosts AutoZone to "Buy"

NEW YORK (AP) A Deutsche Bank analyst on Tuesday raised his rating for AutoZone Inc. to "Buy" from Hold," saying that the auto parts retailer will soon get a boost from slowing new car sales and falling gas prices.

STATEWIDE

Tenn. Scores Up in All but 1 of 24 Student Tests

NASHVILLE (AP) – Proficiency levels are up in all but one of 24 of the latest assessment tests of elementary and middle students.

NATIONAL BUSINESS

News Corp. Considers Split in 2

LOS ANGELES (AP) – Under pressure to limit contagion from the British phone-hacking scandal, Rupert Murdoch's News Corp. said Tuesday that it is considering splitting into two publicly traded companies.

FTC Sues Wyndham Over Credit Card Breaches

WASHINGTON (AP) – The U.S. government has sued Wyndham Worldwide Corp. over allegations that it failed to protect consumers' credit card data.

US Consumer Confidence Slipped in June

NEW YORK (AP) – Americans can’t seem to shake their uneasy feeling about the economy.

NATIONAL GOVERNMENT

Feds: For-Profits Could Lose Federal Student Aid

Former students in career-training programs at dozens of for-profit institutions have had so much trouble paying off their loans that the schools could lose access to federal student aid if they don't improve, new data from the U.S. Department of Education finds.

OECD: High-Income Americans Should Pay More Taxes

WASHINGTON (AP) – An international group of economists is recommending that the United States adopt policies that would make higher-income Americans pay more in taxes to help boost the U.S. economy.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 20,821
MORTGAGES 44 44 24,405
FORECLOSURE NOTICES 0 0 8,610
BUILDING PERMITS 0 0 42,337
BANKRUPTCIES 51 51 13,953
BUSINESS LICENSES 22 22 6,423
UTILITY CONNECTIONS 0 0 13,511
MARRIAGE LICENSES 23 23 5,092

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