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VOL. 131 | NO. 95 | Thursday, May 12, 2016

Hopson Whittles Schools Budget Gap To $27 Million

After an estimate of as much as $86 million in red ink, Shelby County Schools superintendent Dorsey Hopson has presented the Shelby County Schools board with a budget that is $27 million in the red.

Bank Seeks Receiver for Warren, Tulane Apartments

The Bank of New York Mellon Trust Co. wants a federal judge to appoint a receiver for the Warren and Tulane Apartments owned by Global Ministries Foundation, citing “an appearance of fraud” by GMF in a memorandum filed with the call for a receiver.

Wilson Urges Family Philanthropy at Dunavant Awards

Families can have an impact on public service, the chairman of Kemmons Wilson Inc. said Wednesday, May 11, at the 13th annual Bobby Dunavant Public Servant Awards.

Nonprofit Operators Told That Failure Can Bring Long-Term Success

“Innovation and the Courage to Fail.” That was the theme for the 11th annual conference for the nonprofit sector presented by the Alliance for Nonprofit Excellence and Nonprofit Quarterly.

Last Word: GMF Aftermath, Cop Counts and Budgets and Richardson Towers' Fall

More on the move by Bank of New York to have a receiver appointed for the Warren and Tulane Apartments currently owned by Global Ministries Foundation.

Local Weather
Currently
Memphis, TN
80.0°F
A Few Clouds
Wind: South at 4.6 mph
Humidity: 87%

EVENTS

‘Cooper-Young Pup Crawl, benefiting the Humane Society of Memphis & Shelby County, is scheduled for Thursday, May 12, from 6 p.m. to 9 p.m. Ten Cooper-Young restaurants will offer canine-themed drinks for the evening and will donate 10 percent of sales from Pup Crawlers. Participants should first stop at the gazebo at Cooper Street and Young Avenue for a free wristband to ensure their sales are counted. Visit memphishumane.org.

more events »

Shelby County Housing Market Looks Strong

All market fundamentals were positive for Shelby County home sales in April, making it the strongest month so far in 2016.

Mortgage Market Up 31 Percent in April

Shelby County’s mortgage market kicked off the second quarter by posting strong numbers for April, a continuation of where the mortgage market has been heading so far this year.

‘Underground’ Stars Surface in Memphis

The last time fans of the television show “Underground” saw actor Alano Miller, his character, Cato, was believed to be dead. The unexpected twist for a complex and central character in the WGN America drama based on the Underground Railroad in pre-Civil War America was still generating plenty of social media disbelief nearly a week later.

Rallings Fields Council Questions On Police Hiring, Director’s Job

Interim Memphis Police Director Michael Rallings says he has plenty of time to apply for the job on a permanent basis.

REAL ESTATE RECAP

More Student Housing For University District

3557 Mynders Ave. , Memphis, TN 38111, Permit Amount: $15.5 million -
A student housing tower near the University of Memphis has taken a step forward nearly two years after a development on that site was first announced.

LETTER TO THE EDITOR

Reader Says Massacre Backstory is Complex

Mr. Dries, whether one calls the events of May 1866 riots, a massacre, or civil disturbances is not that relevant.

LOCAL COLUMNISTS

A Graduation Speech to Inspire

Graduation season comes with hundreds of commencement addresses meant to encourage and inspire. If you didn’t hear one this year, allow me to share an address I gave.

Suck-Egg Dogs Revisited

Several years ago – and I do mean several – my good friend Fred Harrison tipped me off to a pair of cases from the Mississippi Supreme Court. They were prominently featured in “Perry’s Dead! (And the ‘Juice’ is Loose),” 1995. Because of their lasting merit, I present them again in today’s column.

Haves, Have-Nots Get Varied Tax Relief

Amid the rancor of bathroom and counseling bills, two major pieces of legislation slipped through the General Assembly this session with hardly a peep – elimination of the Hall tax and a partial revitalization of property tax relief for seniors and disabled veterans.

STATEWIDE

Counseling Group Cancels Conference to Target Tennessee Law

NASHVILLE, Tenn. (AP) – By canceling its conference in Tennessee next year, the American Counseling Association wants to put other states on notice that new LGBT laws can carry consequences, the group's leader said.

Steel Parts Maker TAG Manufacturing Expanding, Hiring 200

CHATTANOOGA, Tenn. (AP) – A $15 million expansion at TAG Manufacturing is expected to add 200 jobs with the maker of assembled steel parts for construction.

NATIONAL BUSINESS

Google to Ban Payday Lending Ads, Calling Industry 'Harmful'

NEW YORK (AP) – Internet giant Google said Wednesday it will ban all ads from payday lenders, calling the industry "deceptive" and "harmful."

Alaska, JetBlue Top Annual Survey of North American Airlines

Alaska Airlines and JetBlue Airways still rank highest in the annual J.D. Power survey of passengers on the nine largest North American airlines, and the firm says overall traveler satisfaction with the industry is at a 10-year high.

NATIONAL GOVERNMENT

Congress Putting Daily Fantasy Sports Games Under Scrutiny

WASHINGTON (AP) – Congress on Wednesday launched a fact-finding mission into the loosely regulated world of fantasy sports games – a multibillion-dollar business that seemingly advertised everywhere during the pro football season.

TECHNOLOGY

Samsung Gear Expands Virtual-Reality Arsenal

SAN FRANCISCO (AP) – Smartphone maker Samsung and virtual reality specialist Oculus are trying to dazzle consumers by adding more entertainment and educational options to their Gear headset in hopes of transforming the technological curiosity into a cultural phenomenon.

AP Explains: Bias Complaints On Facebook's 'Trending' Tool

NEW YORK (AP) – What's behind the accusations that Facebook is manipulating its "trending topics" feature to promote or suppress certain political perspectives?

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 93 391 11,969
MORTGAGES 108 424 13,940
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 628 25,016
BANKRUPTCIES 59 241 8,113
BUSINESS LICENSES 30 132 4,086
UTILITY CONNECTIONS 0 209 8,784
MARRIAGE LICENSES 10 68 2,984

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The Memphis News: Business, politics, and the public interest.