VOL. 132 | NO. 186 | Tuesday, September 19, 2017
Last Word: Doubling Down at City Hall, Karl Dean in Collierville & Your Credit Report
By Bill Dries
Memphis City Council chairman Berlin Boyd doubling down right at the start of a Monday morning meeting of the Beale Street Task Force on that conflict of interest issue involving his company’s contract with the Beale Street Merchants Association. Meanwhile, it is council day at City Hall Tuesday and lots to discuss on several fronts including the Bicentennial Gateway and Convention Center projects and the move of Golden India just off Overton Square.
Don Wade on the Redbirds Pacific Coast League championship scored Sunday in El Paso at the end of a busy sports weekend on other fronts.
Former Nashville Mayor Karl Dean, who is running for Governor starting with the August 2018 Democratic primary, says economic development in Memphis is harder than it is in some other parts of the state. At a campaign stop in Collierville, Dean also continued to define himself as a political moderate who is pro-business and can work with Republicans while calling the Legislature’s pass on a Medicaid expansion possibly the worst decision the Republican-dominated body has ever made.
Tennessee Gov. Bill Haslam will reimpose work requirements for state assistance that were suspended at the height of the recession and he will take other welfare changes that to Capitol Hill in Nashville when the Legislature returns next year.
Reaction to the move from U.S. Rep. Steve Cohen of Memphis who is not a fan of Haslam’s on other issues:
“Memphians shouldn’t be allowed to go hungry, and while I am awaiting more details about how the Governor’s workforce requirement policy for food stamps will be implemented, I fear that’s what may happen. According to the most recent census data, the Memphis metro area has the highest poverty rate of metro areas with at least one million people. We need to be making nutrition assistance more available, not less.”
In our Financial Services Emphasis:
Wunderlich’s move Downtown in the making includes a satellite presence in East Memphis that is still looking for a place to land. Meanwhile, interior demolition underway at One Commerce Square for the large part of the move.
Turning millennials into investors. Waddell & Associates has had a program since February toward that goal that includes dropping the minimum investment from $500,000 to $5,000.
Even before the Equifax hack, there was the issue of errors in credit reports and ratings from the big three reporting companies. On July 1, what lenders see in those reports changed so that if a source isn’t specific enough the lenders see less about that.
As promised, more from our Juvenile Court discussion on Behind The Headlines from the two other voices in our most recent show – Rev. Keith Norman and Josh Spickler.