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VOL. 131 | NO. 161 | Friday, August 12, 2016

Grizzlies to Open Season Oct. 26 at Home vs. Minnesota

The NBA released the 2016-17 regular season schedule and while it gave the Grizzlies an intriguing home opener and a packed December with 11 home games, it moved the Annual Martin Luther King Jr. Day Game to the preceding Sunday night and hit Memphis with 17 sets of back-to-back games (34 games total).

Guest House at Graceland Touts Impact on Whitehaven

Whitehaven’s Main Street – Elvis Presley Boulevard – is getting four new restaurants, meeting and conference space and a multi-purpose theater when the $90 million, 450-room Guest House at Graceland resort opens in late October.

SEC Investigation of Global Ministries Adds More Complexity

The Securities and Exchange Commission is investigating Global Ministries Foundation, according to the court-appointed receiver for the Tulane and Warren Apartment, two complexes owned by GMF.

Virtual Fun: VR Technology Comes to Rec Room

The Broad Avenue arcade bar Rec Room already boasts a suite of video game consoles for players to essentially rent, everything from old school Nintendo to Xbox and Playstation consoles whose games can be projected onto the space’s giant walls.

CLERB Board Seeks State Legal Opinion On Subpoena Power

The Civilian Law Enforcement Review Board voted Thursday, Aug. 11, to seek a legal opinion from the Tennessee Attorney General’s office on whether state law permits the board to have direct subpoena power.

Local Weather
Currently
Memphis, TN
60.0°F
Fair
Wind: South at 6.9 mph
Humidity: 62%

EVENTS

Playhouse on the Square opens its 2016-17 season with the regional premiere of “Mamma Mia!” Friday, Aug. 12, through Sept. 4 at 66 S. Cooper St. Visit playhouseonthesquare.org.

more events »

Last Word: The Elvis Bubble, Global Entry At MEM and ARC at the Rec Room

Elvis Week is with us. If you are on Elvis Presley Boulevard every day you know that the Elvis Week landscape is very different this year with the Guest House at Graceland hotel going up and well underway at this point – 90 percent complete toward a late October opening we were told during a media tour on Wednesday.

STARTUP CONFIDENTIAL

Toro: ‘Stay True to the Vision’

To talk to Lisa Toro at her business, the coffeehouse and retail store City & State, is to see the energy that she and her husband hoped to help activate in the Broad Avenue neighborhood when they first saw their vintage building.

SPORTS

No Rest for No. 12 Rebels: Season Starts Tough, Stays Tough

By the time Ole Miss meets the University of Memphis in Week 5 of the college football season in Oxford, the Rebels should have a good handle on whether they are in the midst of a very special season or already trying to hit the reset button.

Rising Star? Bader Flying Through Cardinals’ Farm System

Albert Pujols and J.D. Drew. Those are the names that have been mentioned in the same breath as Memphis Redbirds outfielder Harrison Bader.

Safe to Scorching: SEC Coaches Feel the Burn

There are two kinds of football coaches in the Southeastern Conference: those that have gotten fired and those that haven’t gotten fired – yet.

Whisenhunt Might Not Recognize These Titans

Welcome back, Ken Whisenhunt. You’ve only been gone a few months, but you might not recognize many things about your old workplace when you arrive Saturday night.

Rule Change Has Coaches Debating How Often to Retweet

KNOXVILLE, Tenn. (AP) – A new NCAA rule change is catching some recruits by surprise while causing coaches to debate how much time they should spend on social media.

THE TIPPING POINT

Tipper Teaches Parents to Raise Healthy Babies

Smoking is bad for everybody – but it’s especially bad for babies. That’s the message Courtney Tipper has to convey when she speaks with expectant mothers.

LOCAL COLUMNISTS

Another Olympics, Another Time

SHOOTING THE MOON FOR GOLD. When the Olympics last rolled around, my fellow decathlete, Jeff Chamblin, and I laughed our way through the memories, remembering the competition as if it were yesterday.

Rules Change Once You Retire

Ray’s Take: Retirement is a time when a lot of the old financial rules get flipped on their head. Most people who retire don’t want to go back to work, and even if they did, they may not be afforded the opportunity. Wal-Mart needs only so many greeters. At this point there’s no turning back, and what money you’ve saved will be the lion’s share of what you will need to live off of.

MEMPHIS AREA

2 Charged With Bringing Contraband Into Shelby County Jail

MEMPHIS, Tenn. (AP) – Authorities say two jailers have been charged with bringing electronic contraband into the Shelby County Jail.

STATEWIDE

Nashville Law Would Decriminalize Small Amounts of Marijuana

NASHVILLE, Tenn. (AP) – An ordinance in Nashville seeks to reduce the penalty for people caught possessing or exchanging small amounts of marijuana.

RETAIL

Macy's Plans to Close 100 Stores, Boost Online Investment

NEW YORK (AP) – Macy's plans to close about 100 stores next year and boost its online investments, the nation's largest department store chain said Thursday, as it tries to become more nimble in an increasingly fierce market. The closures represent close to 14 percent of its stores under the Macy's brand.

Kohl's 2Q Profit Tops Expectations as It Lowers Expenses

MENOMONEE FALLS, Wis. (AP) – Kohl's fiscal second-quarter profit beat analysts' estimates, as the department store operator trimmed expenses and managed its inventory well.

REAL ESTATE

Average US 30-Year Mortgage Rate Ticks Up to 3.45 Percent

WASHINGTON (AP) – Long-term U.S. mortgage rates edged higher this week, though rates remain at historically low levels.

5 Tips to Bounce Back After a Foreclosure or Short Sale

Philip and Denise Powell lost their home in 2011 after Philip's hours as a pastor were cut in half and Denise was sidelined by a surgery. But they were determined to become homeowners again, so they rolled up their sleeves and got to work.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
BUSINESS LICENSES 21 80 5,640
UTILITY CONNECTIONS 27 147 12,181
MARRIAGE LICENSES 11 60 4,417

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