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VOL. 130 | NO. 181 | Thursday, September 17, 2015

Citing Low Inflation, Fed Leaves Key Interest Rate Unchanged

WASHINGTON (AP) — The Federal Reserve is keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.

Developers Threaten to Pull Out of Mall of Memphis Site

Developers of the former Mall of Memphis site were again delayed as the board of the Economic Development Growth Engine tabled a vote on a payment-in-lieu-of-taxes benefit for the speculative industrial site.

Indie Memphis Taps Watt as Executive Director

This year keeps shaping up to be a milestone for the Indie Memphis Film Festival, which has tapped local filmmaker Ryan Watt to serve as its new executive director following the departure of Erik Jambor earlier this year.

Andrew and Michael Are Coming to The Chisca

Chefs Michael Hudman and Andrew Ticer are stepping out of Brookhaven Circle for the first time to expand their restaurant interests, with a new concept – their fourth – planned for Carlisle Corp.’s The Chisca on Main.

ULI Panel Tackles Soulsville’s Dilemma as Shadyac Reveals Concept

Local shareholders and national development leaders got deep in the heart of Soulsville USA this week with an all-day deliberation on how to bring placemaking to one of Memphis’ struggling historical areas.

Local Weather
Currently
Memphis, TN
87.0°F
Partly Cloudy
Wind: Variable at 4.6 mph
Humidity: 46%

EVENTS

2015 Cooper Young Festival Art Invitational will be held Thursday, Sept. 17, from 6 p.m. to 9 p.m. at the Jay Etkin Gallery, 942 S. Cooper St. The free event allows Cooper-Young artists to showcase their work in a gallery environment. Visit cooperyoungfestival.com.

more events »

FedEx Sees Weaker-Than-Expected First Quarter

Affected by higher operating costs in its ground division and weaker demand for freight services, FedEx Corp. had to lower its projected earnings for fiscal 2016.

Memphis Mayoral Candidates to Face Off Thursday in Last Televised Debate

On the road to the last televised debate in the Memphis mayor’s race, the four major candidates know each other well.

Ole Miss, Alabama Face Rematch

A year ago, Ole Miss put up 13 fourth-quarter points to rally and defeat Alabama 23-17 at Vaught-Hemingway Stadium in Oxford. The victory wasn’t secure until 37 seconds were left in the game and Senquez Golson intercepted a Blake Sims pass in the end zone with an acrobatic catch that required an official’s review to be ruled valid.

Memphis City Council Approves Retirement Freeze, Debate on Impact Continues

Memphis City Council members gave final approval Tuesday, Sept. 15, to a freeze on the city’s deferred retirement program in an effort to bolster police ranks and keep the force from dropping below 2,000 officers.

LOCAL COLUMNISTS

Planning for Lifestyle Creep

Ray’s take: Investopia defines lifestyle creep as a situation where people's lifestyle or standard of living improves as their discretionary income rises either through an increase in income or decrease in costs.

Viewers Chime In on Shuttering Issue

A while back I wrote that I’m thinking of shuttering the I Swear Crossword and column at year’s end. Most of this essay will be devoted to viewer responses to that notion. The writers shall remain nameless – you know, to protect them, whether they’re guilty or innocent.

STATE GOVERNMENT

Most Oppose New Public Records Charges in Tenn. Hearings

NASHVILLE, Tenn. (AP) — A vast majority of speakers at a series of statewide hearings are voicing opposition to a legislative proposal to allow government officials to impose new charges on taxpayers to view public records.

AG Slatery Decides Against Tennessee Supreme Court Bid

NASHVILLE, Tenn. (AP) — State Attorney General Herbert Slatery announced Tuesday he won't apply to fill a vacancy on Tennessee's Supreme Court.

MEMPHIS AREA

Shelby County Schools: i-Zone Program Gets $10M Grant

MEMPHIS, Tenn. (AP) — Shelby County Schools has announced that its Innovation Zone program received a $10 million privately funded grant.

NATIONAL GOVERNMENT

Obama Using Business CEOs Meeting to Apply Budget Pressure

WASHINGTON (AP) — President Barack Obama urged Congress on Wednesday to avoid another contentious budget showdown and warned that the economy would surely take a hit if the government shuts down again.

NATIONAL BUSINESS

Is Now Time For a Fed Rate Hike? Here Are 2 Clashing Views

WASHINGTON (AP) — For seven years — through political fights, Europe debt crises and market panic — investors could count on one thing: Short-term U.S. interest rates would stay locked near zero.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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