VOL. 132 | NO. 138 | Thursday, July 13, 2017
President Donald Trump has nominated state Senate Republican Leader Mark Norris and Memphis attorney Tommy Parker to be the two newest judges in Memphis federal court, according to U.S. Senator Lamar Alexander of Tennessee.
Shelby County Commissioners took a step Wednesday, July 12, toward taking back a 3-cent cut in the county property tax rate.
HOOVER, Ala. – The countdown to the start of the next college football season is now measured in weeks, not months. But at an event such as SEC Media Days, the future is always framed by the past.
Indie Memphis has announced its film lineup for August, September and October for its “Indie Wednesday” film series featuring narrative and documentary films, classics, festival encores and short-film programs.
Through the end of this month, the New Memphis Institute is continuing the yearly Summer Experience it hosts each year that’s comprised of free events for local and visiting college students and recent graduates, all with a view toward encouraging them to put down roots in Memphis.
The city of Memphis had 1,100 sanitation workers when the historic strike began in February 1968, with close to 1,000 of them walking off the job following the grisly deaths of two of their own trapped in the grinder of a garbage truck in East Memphis.
Shelby County Commissioners have quite the disagreement going in several ways as they try to put another budget season in the books and let the ink dry. As we’ve reported, the commission approved a $1.2 billion county government budget Monday and there is no taking that back – at least as a budget. That now becomes an important detail because in committee sessions Wednesday in advance of next week’s meeting of the full commission, there were five votes to change the proposed county property tax rate from $4.10 to $4.13.
Memphis is one of five new cities selected to join Bloomberg Philanthropies’ What Works Cities initiative, Major Jim Strickland’s administration announced Wednesday, July 12.
REAL ESTATE RECAP
Malco Theatres’ Downtown movie theater continues to take shape, with the Memphis-based cinema chain seeking its second multimillion-dollar building permit for the project in recent months.
VIEW FROM THE HILL
A shakeup in leadership is looming for the state Legislature, though it may portend more of a change in personalities than party strength.
Legend has it that well-known 20th-century economist Milton Friedman once visited a canal-building site in China where thousands of people were digging with shovels to complete the project. Friedman asked the foreman why they didn’t bring in heavy equipment to get the job done better and faster. The foreman told him that would put a lot of people out of work. “In that case, why not have them dig with spoons?” Friedman said.
We all have them. We often go there looking for safety, acceptance, understanding or just a sense of the familiar. Our comfort zones are natural, but living there can keep you from fulfilling your purpose in life. A comfort zone, if you burrow in too deep, can become a rut you get stuck in.
Editor’s note: This is the second in a two-part series. While many retirement plan participants know that they must take Required Minimum Distributions (RMDs) upon turning 70 1/2, they may not know that specific rules govern exactly how RMDs are distributed and how assets may be distributed to their beneficiaries. This second installment examines some of your potential options regarding designating beneficiaries and possibly avoiding RMDs altogether.
NASHVILLE, Tenn. (AP) – Country legend Loretta Lynn is back at home after a stroke she suffered in May. Her new album will be delayed until next year and all her remaining tour dates this year have been canceled.
NASHVILLE, Tenn. (AP) – The father of reality TV's "The Willis Family" has pleaded guilty to four counts of child rape.
HOOVER, Ala. (AP) – Former Mississippi coach Houston Nutt has filed a civil lawsuit against the university and its athletics foundation, alleging a breach of his contract because of false statements he says school officials made during an ongoing NCAA investigation.
LITTLE ROCK, Ark. (AP) – The University of Arkansas at Little Rock says it will conduct a study on whether the school should add a football and marching band program.
WASHINGTON (AP) – Federal Reserve Chair Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year.
WASHINGTON (AP) – The U.S. economy grew at a steady pace in late May and June and hiring was solid, yet the improvements weren't enough to accelerate wage or price growth.
NEW YORK (AP) – Visa is looking to push more small businesses into updating their digital payment technology, offering up to $10,000 each to 50 U.S.-based small business owners that are committed to going cashless.
NEW YORK (AP) – AT&T has a surprise for tech firms and internet activists supporting net neutrality, the principle that bars internet service providers from playing favorites with websites and apps.