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VOL. 130 | NO. 152 | Thursday, August 6, 2015

Haslam Makes Infrastructure Case In Memphis

Tennessee Gov. Bill Haslam is traveling across the state to encourage change in how road projects are funded.

Bates Family Indicted on $18M Fraud

After years of controversy and civil litigation, Memphis federal prosecutors announced Wednesday, Aug. 5, that a grand jury has indicted former Tennessee state Rep. Larry Bates and his two sons on multiple counts of mail and wire fraud and fraud conspiracy.

Baby Budget

Village or no, women learn it takes a lot of money to raise a child

About $245,000. That’s the estimated cost for raising one child from birth through age 18.

THDA Kicks Off Anti-Blight Loan Effort in Memphis

The latest blight fight effort from city of Memphis leaders is a $6 million partnership with the Tennessee Housing Development Agency.

Memphis Tourism Leaders Outline Convention Center Plans

The short-term plan for a $54 million upgrade and renovation of the Memphis Cook Convention Center through a 1.8 percent increase in the hotel bed tax could be the start of a much larger expansion of the convention center in future years.

Local Weather
Currently
Memphis, TN
58.0°F
Fog/Mist
Wind: Northwest at 4.6 mph
Humidity: 97%

EVENTS

JETS Memphis will host its quarterly luncheon Thursday, Aug. 6 from 11:30 a.m. to 1 p.m. at the Crescent Club, 6075 Poplar Ave. Guest speakers include Dr. Kenneth Gilbert, professor emeritus and program chairman at UT Knoxville, and Andreas Mayer, head of sales, aircraft conversions, EFW. Cost is free. Visit www.team.aero for details.

more events »

Reverb Coffee Truck Coming in October

Jeremy Harris is preparing to add a coffee truck to the ranks of Memphis’ food truck community this fall.

Regions Wealth Executive Talks Expansion, Growth Opportunities

Travis LeMonte has been on the job for a little more than two months, but the executive leading Regions Private Wealth Management in West Tennessee already is talking expansion and adding to his team’s wealth management firepower.

Memphis Police Oversight Board Hits Another Snag

After numerous delays and lots of stops and starts, proposed new rules for the city’s Civilian Law Enforcement Review Board hit another roadblock Tuesday, Aug. 4, but not before a vigorous Memphis City Council debate.

Strickland, Collins Clash on DROP Freeze

Two political challengers to Memphis Mayor A C Wharton Jr. clashed Tuesday, Aug. 4, over a plan by his administration to keep the city’s police ranks above the 2,000 mark.

LOCAL COLUMNISTS

The Power Of Money

Ray’s Take We talk a lot in this column about how to handle your money. Your choices really do matter. We didn’t make the rules. But sometimes it’s important to remember limitations as well.

Poor Richard’s Appeal

In the first “Poor Richard’s Almanack” (1733), addressed to “Courteous Reader,” Ben Franklin wrote,

Ramsey Clear in Push to Politicize Supreme Court

Republican Lt. Gov. Ron Ramsey has a penchant for igniting flames of partisanship, and the retirement of Tennessee Supreme Court Justice Gary Wade is no exception.

Police: Suspect Dead After Report of Gunshots at Theater

NASHVILLE, Tenn. (AP) — A suspect is dead after officers responded to reports of shots fired at a movie theater southeast of Nashville, Tennessee, police said Wednesday.

STATEWIDE

Judge to Decide Constitutionality of Tenn. Execution Method

NASHVILLE, Tenn. (AP) — Attorneys for 33 death row inmates have asked a judge to declare Tennessee's preferred method of executing prisoners unconstitutional.

Nashville to Vote in Mayor's Race Featuring Heavy Spending

NASHVILLE, Tenn. (AP) — The seven candidates vying to become Nashville's next mayor have spent a combined $12.5 million on their bids — the equivalent of $43 for every registered voter in Music City.

REGIONAL

Challengers Unseat 4 DeSoto County State GOP House Members

JACKSON, Miss. (AP) — Four DeSoto County House Republican incumbents targeted by a pro-school choice group because of opposition to charter schools are among at least nine incumbents who lost party primaries Tuesday.

TECHNOLOGY

You Still Use a Landline? FCC Voting on New Phone Rules

WASHINGTON (AP) — The copper network behind landline phones, a communications mainstay for more than a century, is going away, as cable and fiber-optics lines come along with faster Internet speeds.

NATIONAL BUSINESS

US Trade Gap Widens 7 Percent in June as Imports Jump

WASHINGTON (AP) — The U.S. trade deficit increased in June as solid consumer spending pulled in more imports, while the strong dollar restrained exports.

Bates Family Indicted on $18M Fraud

After years of controversy and civil litigation, Memphis federal prosecutors announced Wednesday, Aug. 5, that a grand jury has indicted former Tennessee state Rep. Larry Bates and his two sons on multiple counts of mail and wire fraud and fraud conspiracy.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 195 6,134
MORTGAGES 107 214 7,306
FORECLOSURE NOTICES 0 29 1,144
BUILDING PERMITS 187 329 12,920
BANKRUPTCIES 55 113 4,460
BUSINESS LICENSES 33 61 2,424
UTILITY CONNECTIONS 0 41 2,581
MARRIAGE LICENSES 12 49 1,284

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