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VOL. 132 | NO. 133 | Thursday, July 6, 2017

Patterson Out as DMC Head, Oswalt Is Interim Leader

Terence Patterson is leaving as president and CEO of the Downtown Memphis Commission effective immediately.

McCalla Keeps Police Surveillance Lawsuit, Drops Protester Plaintiffs

A Memphis Federal Judge has dropped four citizens from a lawsuit alleging the city violated a 1978 federal consent decree barring police from conducting surveillance of protesters saying they don’t have standing.

Owners Invest $1.6 Million to Revive Memphis National Golf Club

A golf club is not unlike a garden. It needs tending. Fairways, greens, bunkers – they all need attention. But so do the members, who have many choices throughout the Memphis area and want to feel like their presence matters no matter how low – or high – of a score they shoot.

Local Democrats Set Reorganization Convention

Shelby County Democrats will start the reorganization of the local political party July 22 at a countywide convention that will dramatically change its structure to a pair of groups totaling around 130 people.

Z-Bo Leaves Memphis With Many Memories

Eight years ago this week, there was a press conference at FedExForum. The Memphis Grizzlies had acquired a power forward via a trade with the Los Angeles Clippers.

Local Weather
Currently
Memphis, TN
77.0°F
Fair
Wind: South at 6.9 mph
Humidity: 85%

EVENTS

The Metal Museum will host Whet Thursday: Young Professionals on Thursday, July 6, from 5 p.m. to 8 p.m. at 374 Metal Museum Drive. Enjoy the museum and grounds for free while networking with other young professionals and enjoying food trucks and live music. Cost is free. Visit metalmuseum.org.

more events »

Last Word: The List Lawsuit, Charlie Morris on 1939 and New Rules for Democrats

This looks like the end of Grit ‘n’ Grind as we wait for the other shoe to drop following Zach Randolph’s exit from the Grizzlies to Sacramento. There were a lot of rumors Wednesday, the day after Randolph’s $24 million free agency deal, including some about Marc Gasol and the Celtics. And then Tony Allen dropped a Grizz reference from his Twitter account causing even more speculation.

SunTrust to Launch Financial Wellness Program

Physical fitness initiatives have become an increasingly familiar part of corporate life, from employee health risk assessments to offering financial incentives to improve wellness. SunTrust Banks Inc. wants to help companies offer a twist on that concept – fiscal wellness.

Morris Recalls Brother’s Violent Death and Rage

“Actually, the truth has never been told,” Charlie Morris said this week as he talked about the violent death of his brother 78 years ago in Arlington. Morris, now 96 years old, had family and friends gathered around him at the Memphis Branch NAACP headquarters Monday, July 3, as he marked the new state law that could reopen the investigation into the death of Jessie Lee Bond and other cold cases from the long arc of the civil rights movement.

Area’s Only Epilepsy Monitoring Unit Progressing in First Year

With more than 30,000 epileptics living in the Memphis area, the Epilepsy Monitoring Unit at Baptist Memorial Hospital-Memphis, which opened nearly one year ago, is providing much needed specialized care and treatment for patients that previously were forced to drive to Jackson or Nashville for similar care.

REAL ESTATE RECAP

Cooper-Young Getting New Coffee House

945 Cooper St., Memphis, TN 38104 -
Even though Cooper-Young is hot with new development, there was one significant puzzle piece missing – a tenant in the vacant parcel on the northwest corner of Cooper Street and Young Avenue.

VIEW FROM THE HILL

Micromanaging Nashville is Job 1 for Legislature

Metro Nashville is used to getting hammered by the Legislature’s Republicans.

LOCAL COLUMNISTS

Friendliness Drives Barcelona’s Attraction

Friendly. That’s my lasting impression of Barcelona. This northeastern Spain city, perched between the foothills of the Pyrenees and Mediterranean Sea a couple hours south of the French border, goes to the beat of its own Catalan drum. But every beat I encountered was a friendly one, and only cemented my love of this city.

Facts All 69-Year-Olds Should Know About RMDs

Editor’s Note: This is part one in a two-part series. If you are like millions of people across the nation, you probably participate in some form of retirement plan. It may be employer-sponsored, such as a 401(k) or 403(b), or it may be independently arranged, like an individual retirement account (IRA).

SPORTS

Vols' Nonconference Schedule Includes Home Game With UNC

KNOXVILLE, Tenn. (AP) – Tennessee will host defending national champion North Carolina on Dec. 17 as part of the Volunteers' 2017-18 schedule.

REGIONAL NEWS

Arkansas to Release Some Information to Voting Commission

LITTLE ROCK, Ark. (AP) – Arkansas won't release all of the information sought by a commission formed by President Donald Trump to investigate allegations of voter fraud in the 2016 election, officials said Wednesday, as the state's Republican governor called the panel's request for data too broad.

Months Later, No Decision on Mississippi Online Tax Plan

JACKSON, Miss. (AP) – Months after Mississippi's top tax official proposed requiring large online sellers to collect taxes on internet sales, he still hasn't enacted the rule.

US ECONOMY

Fed Debating When to Unwind $4.5 Trillion in Bond Holdings

WASHINGTON (AP) – The Federal Reserve is figuring out when to start unloading much of its $4.5 trillion in bond holdings – a major turning point for an economy still healing from the 2008 financial crisis.

AUTO INDUSTRY

Volvo Goes Electric, Ditches Cars Powered Solely by Gas

HELSINKI (AP) – Volvo plans to build only electric and hybrid vehicles starting in 2019, making it the first major automaker to abandon cars and SUVs powered solely by the internal combustion engine.

LEGAL AFFAIRS

Judge Tells 'Pharma Bro' Martin Shkreli to Pipe Down

NEW YORK (AP) – A judge has told "Pharma Bro" Martin Shkreli to keep his mouth shut at his securities fraud trial.

CONSUMER NEWS

Want Your Student Loans Forgiven? Avoid These 4 Mistakes

Having college debt disappear is something many student loan holders can only dream of. But it's possible for some of the 44 million people in the U.S. with education loans.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 97 140 16,020
MORTGAGES 95 145 18,537
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 323 323 32,794
BANKRUPTCIES 65 121 10,621
BUSINESS LICENSES 29 58 5,144
UTILITY CONNECTIONS 38 90 11,307
MARRIAGE LICENSES 23 60 3,833

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The Memphis News: Business, politics, and the public interest.