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VOL. 131 | NO. 105 | Thursday, May 26, 2016

Media Reports: Grizzlies Offer Head Coaching Job to Heat Assistant, David Fizdale

The Memphis Grizzlies have offered their head coaching job to Miami Heat assistant David Fizdale, according to reports from The Vertical and ESPN.

THDA Resumes Inspections of HUD-Subsidized Apartments

The Tennessee Housing Development Agency plans to inspect at least a dozen apartment complexes in Memphis where federal subsidies pay tenants’ rent.

University of Memphis Students to Cover Rio Olympics

When Chip Williams came to the University of Memphis he never could have imagined that he would be going to the Summer Olympics in Rio de Janeiro.

Big Memphis Banks Getting Bigger

The biggest banks based in Memphis keep getting bigger. New figures from the Federal Reserve Bank of St. Louis through the first quarter show broad-based improvement among banks in the Memphis-area market, from growth in net income to loans to total asset size.

Last Word: Grizzdale?, Rio Bound and The Ways of the City Council

The Grizzlies just about have their new coach. He is David Fizdale who comes to Memphis from being an associate coach for the Miami Heat.

Local Weather
Currently
Memphis, TN
60.0°F
Overcast
Wind: Northwest at 8.1 mph
Humidity: 96%

EVENTS

Goodwill Austin Peay Job Center will hold a job fair Thursday, May 26, from 9 a.m. to 1 p.m. at 3830 Austin Peay Highway. Local companies that are actively seeking workers in a variety of employment options will be on hand. Visit goodwillmemphis.org/jobcenter for details. 

more events »

ASD's Raleigh Offer Makes School Board Skeptical

The state-run Achievement School District is offering to collaborate with Shelby County Schools in a possible change of plans by the ASD for its takeover of Raleigh-Egypt Middle School in August.

Council Committee Probes Grant Requests

Memphis City Council Budget Committee Chairman Edmund Ford Jr. likens it to the television show “Shark Tank.”

REAL ESTATE RECAP

$21.6 Million in Construction Headed to Graceland

1064 Craft Road -
Elvis Presley Enterprises has applied for three building permits totaling $21.6 million for its Graceland West expansion.

LOCAL COLUMNISTS

Love for the Perfectly Imperfect

When I was in third grade, there was a saying posted in the front of the classroom that read “Practice Makes Perfect.” I read it so many times that eventually it became a way of approaching every task, a way of thinking.

Reminiscing on Football Days

It is reported that yet another memorable and popular former NFLer, this one a quarterback, suffered from chronic traumatic encephalopathy, or CTE, or simply the concussion disease. And the report comes, as has been the rule, post-mortem. That is to say, after the subject dies.

Legislators Sweating the Small Stuff

My late father kept a paper weight on his desk at home that read: “Don’t sweat the small stuff.”

NATIONAL BUSINESS

CEO Pay Climbs Again, Even As Their Stock Prices Don't

NEW YORK (AP) – CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks – a big fat zero.

Female CEOs See Pay Rise, But Numbers Remain Small

For the second year in a row, female CEOs earned more than their male counterparts and received bigger raises. But only a small sliver of the largest companies are run by women, and experts say gender parity at the top remains way off.

Microsoft Cuts More Jobs in Troubled Mobile Unit

NEW YORK (AP) – Microsoft said Wednesday it will cut up to 1,850 jobs and take a $950 million hit to its books as it attempts to salvage its rocky entrance into the smartphone market.

Citibank Paying $425M in Fines to Settle US Charges on Rates

WASHINGTON (AP) – Citibank will pay $425 million in fines to settle federal civil charges of attempting to manipulate key benchmarks used to set interest rates for investments in derivatives and U.S. Treasury bonds as well as a range of consumer loans.

NATIONAL GOVERNMENT

Feds Spend Billions to Run Museum-Ready Computer Systems

WASHINGTON (AP) – The government is squandering its technology budget maintaining museum-ready computer systems in critical areas from nuclear weapons to Social Security. They're still using floppy disks at the Pentagon.

TSA Chief: Help is on the Way to Address Long Airport Lines

WASHINGTON (AP) – The head of the Transportation Security Administration said Wednesday the beleaguered agency will add 768 new screeners by mid-June to deal with increasingly long airport security lines that have caused passengers to miss flights even before the busy summer travel season.

ECONOMY

Most American Households Doing Better Financially

WASHINGTON (AP) – Most American households say their finances have strengthened slightly, but nearly half report that they would struggle to meet $400 in expenses from an unexpected emergency.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
MARRIAGE LICENSES 29 121 4,478

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