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1. Last Word: Secrets In A Small Town, Bullard Bounce and Beale & Mud Island
- Friday, January 15, 2016
Munford! A winning Powerball ticket for the largest jackpot ever was sold in Munford and that warrants a rare exclamation mark.
Possibly two when you consider that small towns are supposed to be places where it is nearly impossible to keep a secret – at least from the other folks in the town.
The fact that it was sold at Naifeh’s, a long-standing Tipton County business institution adds to the story.
The person who bought the ticket in Munford holds one of three winning tickets which comes out to about $582 million for that ticket.
That is roughly the size of the city of Memphis operating budget.
There was a similar mystery underway Thursday in Dyersburg where someone bought a Powerball ticket worth a paltry $2 million. Probably worth an exclamation mark if I wasn’t over the limit and already feeling the unspoken disdain of my reporting brethren who are judging me harshly as you read this.
2. Fed Official: Low Oil Prices Affecting Central Bank Action
- Friday, January 15, 2016
A key Fed official assured Memphis business leaders during a breakfast address Thursday, Jan. 14, that interest rates won’t climb dramatically this year.
Jim Bullard, the president and CEO of the Federal Reserve Bank of St. Louis, told the Economic Club of Memphis that rates today are “crazy low compared to the historical experience in the U.S.” and will “remain accommodative well into the future.”
3. The Week Ahead: Jan. 11, 2016
- Monday, January 11, 2016
How was your weekend, Memphis? Here’s our weekly rundown of local happenings you need to know about, from drones and robot research to the Grizzlies’ annual MLK symposium at the National Civil Rights Museum...
4. Last Word: Farewell For Now Midtown Kroger, Weather Hype and Tri-State Bank Clues
- Tuesday, January 05, 2016
A moment of silence for Midtown Kroger if you will, now that you’ve been through the New Year’s mountain of emails etc.
Where to shop with the Midtown supermarket landmark now closed was the water-cooler question of the day for those who have had a love-hate relationship with the store.
If you are a creature of habit and your habit is that store, you’ve known it by many names – Seesel’s, Seesel’s by Albertson, Schnucks and Kroger.
And as many bad names as you called its original parking lot, you came up with some new ones for the God-forsaken parking lot and its marked pedestrian walkway to hell built on the elegant ghost of the old Trousseau shop.
The store's interior wasn’t quite “Double Indemnity” tiny – think Barbara Stanwyck in cat sunglasses talking furtively over doll-like shelves to Fred MacMurray before “My Three Sons.”
But the “super” in its version of a supermarket was the 1950s black-and-white television Superman.
When Pau Gasol – the original Gasol -- was still playing for the Grizzlies, I ran across him on a late-night grocery excursion able to shop two aisles at once peering over his own aisle to the one I was on, suddenly having that feeling that someone was watching me.
An informal and decidedly unscientific sampling Monday found the alternative sites were the Kroger at Poplar and Cleveland, Cash Saver on Madison, West Memphis WalMart (a go to destination for left of Midtowners, otherwise known as Downtowners) and “I’m still waiting for Trader Joe's."
The old Midtown Kroger has closed as the new and bigger Kroger is starting to take shape behind chain link fences with tarps and other construction barriers just west of the original store but still within earshot of the Idlewild Presbyterian Church carillon.
5. Fed's Bullard to Address Economic Club of Memphis
- Tuesday, January 05, 2016
Only a few weeks after the Federal Reserve decided to raise interest rates after keeping them near zero for years, a key Fed official will be in Memphis later this month to talk about the economy and what lies ahead.
6. Despite Rhetoric, Florida Game Critical for Tennessee's Butch Jones
- Saturday, September 26, 2015
Tennessee’s Butch Jones will coach the biggest game of his three-year tenure with the Vols – and probably the biggest of his entire coaching career – at Florida on Saturday.
Like it or not, Jones is carrying the weight of UT’s 10-game losing streak to Florida on his shoulders.
7. Scarboro Tapped as St. Louis Fed Regional Executive in Memphis
- Friday, March 13, 2015
The Federal Reserve Bank of St. Louis has chosen Doug Scarboro as the new regional executive for the St. Louis Fed’s Memphis branch.
8. St. Louis Fed Memphis Executive Stepping Down
- Friday, December 19, 2014
After getting her master’s degree in economics from Washington University in St. Louis, Martha Perine Beard joined the Federal Reserve Bank of St. Louis as a management trainee in 1971.
9. St. Louis Fed Memphis Executive Retiring in 2015
- Thursday, December 18, 2014
Martha Perine Beard is retiring next year as regional executive of the Memphis branch of the Federal Reserve Bank of St. Louis.
10. Fed Suggests It's Closer to Slowing Bond Purchases
- Thursday, June 20, 2013
WASHINGTON (AP) — Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve.
11. Capital Requirement
- Saturday, April 27, 2013
In early April, U.S. Sen. Bob Corker, R-Tenn., joined a handful of other senators in drafting a letter in part about new rules of the road governing bank capital requirements.
That letter was sent to Federal Reserve Gov. Daniel Tarullo, Comptroller of the Currency Thomas Curry and Federal Deposit Insurance Corp. Chairman Martin Gruenberg.
12. Optimism Finds Way Into Local Banks, Financial Institutions
- Monday, November 12, 2012
Here’s a look at what’s going on in the world of finance, and the ways it’s all affecting Memphis.
First up, to quote the Bard, “But soft: what light through yonder window breaks?”
13. Mortgage Market Sees Gains in Third Quarter
- Tuesday, October 16, 2012
With the Federal Reserve taking steps to keep financing costs at extreme lows across the economy, it’s probably not surprising to hear an economist say he’s getting an earful from community banks and credit unions around the country.
14. St. Louis Fed President Talks Economy, New Rules
- Monday, October 08, 2012
A regional Federal Reserve president got a big applause in front of an audience of Memphis businessmen and bankers, acknowledging concern about new rules that would force banks to build higher capital cushions to absorb future losses.
15. Easy Money
- Monday, October 08, 2012
When the Federal Reserve announced a few weeks ago its newest – i.e., third – round of quantitative easing intended to once again try to juice a sluggish economy, an employee of FTN Financial couldn’t resist a metaphor for the Fed’s open-ended commitment.
16. US Economy Hobbled by Weak Hiring, Manufacturing
- Friday, September 21, 2012
WASHINGTON (AP) – A trio of reports Thursday offered a reminder that the U.S. economy is struggling to grow and add jobs.
The number of people seeking unemployment benefits last week stayed near a level that signals only weak hiring in September. Manufacturing shrank for a fifth straight month in the Philadelphia region, a sign that weaker global growth has hurt demand for American-made goods. And a measure of future economy activity declined for the second time in three months.
17. Magna Bank CEO Appointed to New Fed Council
- Monday, January 24, 2011
Magna Bank chairman, president and CEO Kirk Bailey has been appointed for a one-year term to a new Community Depository Institutions Advisory Council working with the St. Louis branch of the Federal Reserve.
18. CNBC Goes Local With FedEx Broadcast
- Tuesday, December 21, 2010
It was a Memphis morning on CNBC’s “Squawk Box” program Monday, with FedEx founder Fred Smith guest hosting the show’s broadcast from Hangar 26 at FedEx’s SuperHub at Memphis International Airport.
19. Archived Article: Calendar
- Monday, August 05, 2002
Calendar of events Jan
Calendar of events Aug. 5-Aug. 11
The Memphis Area Technology Council is planning committee alignment meetings for people interested in getting involved with MATC. Meetings are 11 a.m. to 1 p.m. Aug. 6 at the M...
20. Archived Article: Comm Briefs
- Friday, August 02, 2002
Baptist Memorial Hospital for Women, 6225 Humphreys Blvd
Baptist Memorial Hospital for Women, 6225 Humphreys Blvd., will offer a free seminar Self Defense: Changing Attitudes in Changing Times from 10 a.m. to noon
Aug. 10 with retired Memph...