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VOL. 130 | NO. 106 | Tuesday, June 2, 2015

First Tennessee Bank to Pay $212.5 Million for Bad Mortgage Loans

MEMPHIS, Tenn. (AP) First Tennessee Bank has agreed to pay the U.S. government $212.5 million after admitting to making bad mortgage loans that left taxpayers footing the bill.

Global Ministries Appeals Failing HUD Scores at Memphis Properties

A month after 40 units at the Goodwill Village and Warren Apartments were declared unfit by federal housing officials, the units have been repaired and the residents moved back in.

City Court Clerk Thomas Long Won't Seek Re-Election

Thomas Long lost several times before he finally won elected office in 1995 as City Court Clerk.

Prepare for Takeoff

Southern Airways in the midst of capital campaign

At Southern Airways Express’ hub in a Memphis International Airport executive terminal, movement is at a peaceful lull.

Lakeland School Idea Resurfaces

The Lakeland Schools system is considering a plan to build a new $20 million middle school on the 94 acres of land the school system had looked at earlier this year as the site for a $50 million grades 6-12 school.

Local Weather
Currently
Memphis, TN
82.0°F
Mostly Cloudy
Wind: Calm mph
Humidity: 67%

EVENTS

Germantown Charity Horse Show will be held Tuesday through Saturday, June 2-6, at 7745 Poplar Pike. The all-breed event will feature more than 800 horses in competition, plus vendors, Jack Russell Terrier races (June 6, 10 a.m. to noon) and more. Visit gchs.org.

more events »

County Commission Tax-Rate Debate Picks Up Volume

Shelby County Commissioners hit a big political divide Monday, June 1, and as a result will discuss in two weeks that most volatile of political topics – the property tax rate.

Council Pursues Budget Loose Ends, Votes on Brewery Funding

Memphis City Council members will vote Tuesday on $2.5 million in city funding for the Tennessee Brewery redevelopment.

Meetings to Explore Bike Sharing in Memphis Start Thursday

Fewer people driving cars, more people riding bikes.

'Art Saves Lives' Exhibit Installed at Masonic Lodge

When the anonymous artist known by the letters “JR” won the TED prize in 2011 at the TED Conference in Long Beach, Calif., he called for the creation of an international art project that he said would use art “to turn the world inside out.”

Overton Park to Celebrate Itself With ‘Merrymaking’

Since its inception late in 2011, the Overton Park Conservancy has been in motion: removing the invasive and harmful vegetation in old-growth forest, finishing out the dog park, renovating a jogging trail, and completing Rainbow Lake Playground, among other projects.

FedEx Extends Title Sponsorship of St. Jude Classic

FedEx has extended its title sponsorship of the FedEx St. Jude Classic through 2017, the PGA Tour announced Monday, June 1.

LOCAL COLUMNISTS

Supporting Fathers and Fatherhood

It’s time for Father's Day. Time to lift up fathers and fatherhood. And time to ask ourselves how we honor fathers in our daily lives, the work of our nonprofits, and through our business and public policies. News headlines spotlight the phenomenon “absent fathers,” seeking to assign blame for the many challenges we face as a country and as communities.

MEMPHIS AREA

Chancery Court Candidates to Be Interviewed in Memphis

MEMPHIS, Tenn. (AP) – The Governor's Council for Judicial Appointments will meet this month in Memphis to consider applicants for a chancery court vacancy in the 30th Judicial District.

Memphis-Based Monogram Foods Expanding Virginia Operation

RICHMOND, Va. (AP) – Virginia Gov. Terry McAuliffe says a Memphis-based food company is adding a warehouse and logistics center to its Henry County manufacturing operation.

STATEWIDE

Scholarship to Be Used By More Than 20,000 at Community, Tech Colleges

NASHVILLE, Tenn. (AP) – More than 20,000 Tennessee Promise students plan to use the scholarship to attend a community or technical college in the fall.

NATIONAL GOVERNMENT

High Court: Bankrupt Homeowners Can't Void Second Mortgage

WASHINGTON (AP) – A unanimous Supreme Court ruled Monday that homeowners who declare bankruptcy can't void a second mortgage even if the home isn't worth what they owe on the primary mortgage.

Justices Boost Workplace Religious Protections

WASHINGTON (AP) – The Supreme Court strengthened civil rights protections Monday for employees and job applicants who need special treatment in the workplace because of their religious beliefs.

HEALTH CARE

Vast Trove of Medicare Data Details How Billions are Spent

WASHINGTON (AP) – Joint replacement was the most common hospital procedure that Medicare paid for in 2013, accounting for nearly 450,000 inpatient admissions and $6.6 billion in payments.

Cancer Treatments Got Gentler, Yet Kids' Survival Improved

CHICAGO (AP) – The move to make cancer treatments gentler for children has paid a double dividend: More kids are surviving than ever before, and without the long-term complications that doomed many of their peers a generation ago, new research shows.

County Commission Tax-Rate Debate Picks Up Volume

Shelby County Commissioners hit a big political divide Monday, June 1, and as a result will discuss in two weeks that most volatile of political topics – the property tax rate.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 22 103 1,461
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658
BUSINESS LICENSES 0 143 3,091
UTILITY CONNECTIONS 24 152 3,402
MARRIAGE LICENSES 38 158 1,846

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