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VOL. 127 | NO. 115 | Wednesday, June 13, 2012

Questions Abound in Grizzlies Sale

Robert Pera, a young tech industry multimillionaire, is close to adding a new title to his resume: NBA team owner.

Looking to Tomorrow

Conference participants learn ways to clear teaching hurdles

The Martin Institute for Teaching Excellence’s 2012 Summer Conference opens its two-day run Wednesday, June 13, with 500 educators from the region and a fourth-grade teacher from Virginia with a board game popular with educators struggling to teach critical thinking skills.

Homebuilding Permits Rise During May

May’s new home permit totals saw a significant upswing year over year, and homebuilders attribute the improvement to low inventory levels and low interest rates.

Bioworks Event Spotlights Device Industry

Physicians, venture capitalists, entrepreneurs, academics, government representatives and members of the Memphis area’s life sciences industry on Monday, June 11, heard Dr. Jeffrey Shuren, director of the Food and Drug Administration’s Center for Devices and Radiological Health, discuss how the center is working to become more efficient and transparent.

Questions Arise Over Cash Buyout Talks

Talks to buy out the contract of Memphis City Schools superintendent Dr. Kriner Cash began last December after a heated conversation between Cash and countywide school board chairman Billy Orgel.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: Southwest at 8.1 mph
Humidity: 72%


Talk Shoppe will meet Wednesday, June 13, from 9 a.m. to 10 a.m. at Hutchison School, 1740 Ridgeway Ave. Anthony Bradley of The Bradley Law Firm PLLC will present “The Truth About the VA Aid & Attendance Pension Benefit.” Cost is free. Contact Jo Garner at 482-0354.

more events »

CCRFC Approves Chisca Hotel Tax Break

Memphis Center City Revenue Finance Corp. at its Tuesday, June 12, board meeting approved a 20-year PILOT (payment-in-lieu-of-taxes) program for the restoration of the Chisca Hotel led by Main Street Apartment Partners LLC.


Evans Joins MERI As Finance Director

Devonya Evans has joined the Medical Education & Research Institute as director of finance. Evans, a licensed certified public accountant, will be responsible for heading MERI’s finance and information technology departments.


‘Pipe Kitty’ Shows Power of Viral Marketing

If the phrase “pipe kitty” means anything to you, you’ve likely witnessed the tremendous power of viral marketing. Though certainly not a concerted marketing effort, Greenway Home Services, a local HVAC, plumbing and appliance repair company, began a viral marketing sensation this past weekend.

Punch And Counterpunch

With baseline sentiment pessimistic, small changes can lead to outsized market movements. To best understand this schizophrenic environment, we must understand the forces at war. I call this the punch-counterpunch dynamic. The opponents are the economic gravitational pull of deleveraging in the developed world versus the helium provided by monetary and fiscal policy makers worldwide. Uncontested news on the deleveraging gravitational pull punches markets lower, riles pessimism, cues action from monetary and fiscal policy makers, who then counterpunch markets higher with programs and proclamations.

Four Pillars Will Strengthen Your Business

For the past couple years, our company, SEACAP Financial, has been invited to make presentations to various groups on the topic of “Managing Your Business Through Tough Times.” The list of things to do or not do has been lengthy. For many business owners, the days and nights have been challenging, depleting, debilitating and most any other derogatory adjective you chose to use. And the decisions and actions often became personal.


Miss. Farmers Get Relief to Fight Cotton Plant Bug

JACKSON, Miss. (AP) – The Environmental Protection Agency has approved an emergency exemption that will help farmers in the Mississippi Delta control tarnished plant bugs in cotton.


US States Forecast Highest Tax Revenue in 5 Years

WASHINGTON (AP) – U.S. states expect to collect higher tax revenue in the coming budget year that combined would top pre-recession levels, according to a survey released Tuesday. The increase could reduce pressure on states to cut budgets and lay off workers.

Investors Withdraw From US Stock Funds in May

BOSTON (AP) – Investors continue to be cautious with their money. May was the third consecutive month that they've withdrawn more cash from U.S. stock mutual funds than they deposited into them. Bond funds continued to attract cash.


White House: No Timetable for Bryson's Return

WASHINGTON (AP) – The White House said Tuesday there was no timetable for Commerce Secretary John Bryson's return from medical leave, as California officials indicated the Cabinet member may not face criminal charges if a blood test shows no sign of drugs or alcohol.


WHO's Cancer Agency: Diesel Fumes Cause Cancer

LONDON (AP) – Diesel fumes cause cancer, the World Health Organization's cancer agency declared Tuesday, a ruling it said could make exhaust as important a public health threat as secondhand smoke.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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