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VOL. 128 | NO. 91 | Thursday, May 9, 2013

Police Budget Passes Early Council Test

The Memphis City Council’s budget committee approved the largest budget for any single city division Tuesday, May 7.

Celebrating Rails

National Train Day rare opportunity for Memphians

More railroad passengers boarded and stepped off Amtrak trains at Memphis Central Station in 2012 as travelers turned to trains amid higher gas prices and improved rail reliability.

African-American TV Station Broadens Presence

A new set of programming on Comcast Channel 31 geared toward Memphis’ African-American community is continuing to broaden its presence in the city.

Ruling Affects Tennessee Open Records Law

The Tennessee Open Records Law is one of several state laws upheld in a recent U.S. Supreme Court ruling for its limitations on requests for public records by those who live outside of the state in question.

The Daily News Claims 11 Green Eyeshade Awards

The Daily News and The Memphis News claimed 11 Green Eyeshade Journalism Awards in the annual regional competition whose 2012 winners were announced Wednesday, May 8.

Local Weather
Today
Memphis, TN
81°F
Mostly Cloudy
Wind: 12 mph
Humidity: 41%

EVENTS

Business Over Coffee International will launch a six-part social media training class titled Weave Your Own Web on Thursday, May 9, from 9 a.m. to 11 a.m. at the group’s headquarters, 5865 Ridgeway Road, suite 300. Classes will continue the second Thursday of each month. Cost is free for members and first-time guests, and $10 for returning guests. Visit businessovercoffee.biz or call 820-4469.

more events »

City Council OKs School Funding Talks

The newest front in the move to the schools merger in less than two months is an old legal claim that continues to pop up as the countywide school board looks for any new funding it can secure.

Memphis Law Talk

Path to Law Career Began Early for McLaughlin

Julie McLaughlin has worked her way up the legal ladder for much her life.

LOCAL COLUMNISTS

Wise Investors Know to Avoid Distractions

Ray’s Take Hopefully you have a financial plan to guide you to your goals, whether they are college for the kids, a vacation home or a secure retirement. However, one of the key indicators as to whether you will be able to achieve those goals is your ability to avoid distractions from your plan.

Market Myopia: Blame the SWOT

Why do leaders miss seeing sweeping global trends that are about to broadside them? I put a big part of the blame on the standard SWOT analysis used in strategic planning –Strengths, Weaknesses, Opportunities and Threats. It’s time to update this methodology.

Only Words

With acknowledgments and apologies to Merriam-Webster. Here are my top 11 words (and phrases) that were admitted to the dictionary in the year 2012:

REGIONAL

BancorpSouth Offering Early Retirement

TUPELO, Miss. (AP)BancorpSouth Inc., the parent of BancorpSouth Bank, is offering a voluntary early retirement package to employees age 60 and over with 10 consecutive years of experience with the company.

NATIONAL BUSINESS

Southwest to Cut More AirTran Flights in Atlanta

ATLANTA (AP) – Southwest Airlines will soon cut more AirTran routes this fall as it transforms AirTran's hub into a Southwest operation.

Delta Will Pay a Dividend, Buy Back Shares

MINNEAPOLIS (AP) – Delta Air Lines will start paying a quarterly dividend and buy back some of its shares – investor-friendly moves that are common in other industries but rare for airlines.

Reality TV's New Stars: Small Businesses

NEW YORK (AP) – There's no business like small business.

NATIONAL GOVERNMENT

FAA to Staff 72 Airport Control Towers at Night

WASHINGTON (AP) – Seventy-two airport towers and other air traffic control facilities that were slated to close at night due to budget cuts will get to stay open, the Federal Aviation Administration said Wednesday.

REAL ESTATE

Late-Payment Rate on Mortgages Tumbled in First Quarter

LOS ANGELES (AP) – A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 217 5,290
MORTGAGES 94 276 6,985
FORECLOSURE NOTICES 0 50 1,606
BUILDING PERMITS 384 712 12,691
BANKRUPTCIES 66 241 5,541
BUSINESS LICENSES 27 85 2,146
UTILITY CONNECTIONS 52 234 7,292
MARRIAGE LICENSES 10 53 1,511

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