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VOL. 131 | NO. 114 | Wednesday, June 8, 2016

City Budgets, Stable Tax Rate Approved With Few Amendments

Memphis City Council members approved a city operating budget of $666 million and a capital budget of $85 million along with a stable city property tax rate of $3.40 Tuesday, June 7, ending City Hall’s budget season.

Planned Parenthood Medical Director Ready for Political Challenges

In her new job as director of medicine at Planned Parenthood Greater Memphis Region, Dr. Sarah Wallett carries the dual role of medical care provider and advocate for comprehensive reproductive health care.

Businesses Face Decisions to Meet New Wage Rules

Local businesses have six months to comply with newly revised regulations from U.S. Department of Labor concerning wage exemptions that go into effect on Dec. 1. Handed down late last month, the revisions are expected to disqualify up to 10 million U.S. employees from their current exempt status before the end of this year.

Strickland Adds Forces to Combat Rising Crime in Memphis

There is violent crime in Memphis and then there are the homicides – the murders.

Last Word: A Distinct Reaction, City Hall's Budget Season and BreakFest On Broad

Funeral services for Memphis Police Officer Verdell Smith are set for Friday at Hope Presbyterian Church in Cordova.

Local Weather
Currently
Memphis, TN
83.0°F
A Few Clouds
Wind: Southwest at 5.8 mph
Humidity: 57%

EVENTS

Memphis Botanic Garden will host “The Manly Edition” food truck garden party on Wednesday, June 8, from 5 p.m. to 8 p.m. at MBG, 750 Cherry Road. Treat Dad to live music, lawn games and “manly man equipment” on display. Cost is $5 for members and $10 for nonmembers and includes one drink; tickets will be available at the gate. Visit memphisbotanicgarden.com.

more events »

Corrections Officers Want Commission to Increase Pay

Shelby County Commissioners approved a stable county property tax rate of $4.37 Monday, June 6, on the first of three readings and set the stage for final budget deliberations in committee sessions next week.

One-Day BreakFest Festival Returns to Broad Avenue

A conversation last year at the Memphis Italian Festival about where they might have brunch the next day led longtime friends Andy Wells and Christin Yates to a sudden conclusion.

UTHSC Preparing to Open $36.7M Educational Facility

The University of Tennessee Health Science Center has lined up an executive director who will be the first to lead academic programs in a new $36.7 million facility on campus that’s set to open next year.

MEMPHIS NEWSMAKERS

Attorney Schattgen Joins Bass, Berry & Sims

Shine Chen Schattgen has joined the Memphis office of Bass, Berry & Sims LLP as an associate in the law firm’s health care group. Schattgen, who previously practiced in the Boston office of Ropes & Gray LLP, counsels health care clients on a range of operational, regulatory and transactional matters.

LOCAL COLUMNISTS

Your Job Search Secret Weapon

When we’re looking for a new job, we often spend all our time perfecting our resume and applying online to random openings. These tactics can sometimes work, but is there a better way? What about the times when we’re ready for a career change, but aren’t quite sure where to look for something new?

Four Signs It’s Time for a New Logo

It seems 2015 was a big year for new logos. Several companies, including IHOP, OpenTable, Turner Broadcasting, Spike TV and Google made some sort of change last year.

What Youth Baseball Can Teach the Executive Team

I love middle school baseball. It gives me a chance to spend quality time with my son while experiencing the finer points of youth athletics. Each year, I see the teams grapple with finding the right balance of fundamentals and then defining offensive and defensive strategy to set them apart from their competition. There is a strong parallel with some of the core business insights I regularly share with my clients. It turns out much of what you learn in little league can work both on the baseball diamond and in the conference room. 

NATIONAL BUSINESS

Delta's New CEO: Consider Service and Reliability Over Price

ATLANTA (AP) – Delta Air Lines is posting record profits and is generally envied by the rest of the industry, due largely to its success in catering to high-paying business passengers.

Ralph Lauren is Closing Stores, Cutting Jobs as Sales Slump

NEW YORK (AP) – Ralph Lauren is closing stores, cutting jobs and focusing more on its most popular brands to try to reverse its declining fortunes.

Zillow to Pay $130M to Settle Lawsuit by Rival Move Inc.

SEATTLE (AP) – Seattle-based real-estate information website Zillow is paying $130 million to settle a lawsuit brought by rival Move Inc.

NY Authorities Say UPS Knowingly Shipped Untaxed Cigarettes

NEW YORK (AP) – Authorities said Tuesday they have proof UPS knowingly shipped about 700,000 cartons of untaxed cigarettes from Native American reservations to consumers and smoke shops from 2010 to 2014, even though they had agreed more than a decade ago to stop.

NATIONAL GOVERNMENT

TSA Chief Says Progress Being Made on Shortening Lines

WASHINGTON (AP) – Significant progress has been made on shortening screening lines since earlier this spring when airlines reported thousands of frustrated passengers were missing flights, the head of the Transportation Security Administration said Tuesday.

ECONOMY

Consumer Borrowing Slowed in April

WASHINGTON (AP) – Consumers slowed their borrowing in April after pushing up their debt levels by a record amount in March.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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