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A true story about true value

A true story about true value

Let me tell you a true story about one of my friends.

His city was going to allow one permit to build a medical waste facility (an environmental friendly incinerator to destroy the wastes). He recogni

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  • Written by Harry C, Alford

Officially undercapitalized

Officially undercapitalized

The day has come for the doors of your business to open. The paint is fresh on the walls, the business cards are professionally printed and the widgets are ready to be sold. There is a little money left in the bank but not enough to cover the rent for next month or payroll.

This means that the business is officially undercapitalized.

Undercapitalization means a business does not have and cannot obtain the funds required through equity or debt for current operational expenses or to pay creditors. With little money remaining to cover the operational costs, the business is exposed to risk and potentially bankruptcy.

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Wave of fast food strikes hits 60 cities

Wave of fast food strikes hits 60 cities

Fast food workers in 60 U.S. cities – including Memphis –walked off the job Thursday in a protest for higher wages.

Workers from fast food giants McDonald's, Burger King, Wendy's and Yum Brands-owned KFC are calling on their employers to pay them a minimum of $15 an hour and allow them to form unions without retaliation.

Currently, the median pay for the fast food workers across the country is just over $9 an hour, or about $18,500 a year. That's roughly $4,500 lower than Census Bureau's poverty income threshold level of $23,000 for a family of four.

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  • Written by CNN

Partner up for success, says Economic Development Forum keynoter

Partner up for success, says Economic Development Forum keynoter

Warren Thompson guides the largest minority-owned restaurant/hospitality company in the country, with revenues of over $320 million. He knows about the value of partnerships.

On Wednesday (Aug. 28), Thompson, president and chairman of the Thompson Hospitality Corporation, pitched the importance of partnership and having like-minded partners while delivering the keynote address at the Economic Development Forum Power Breakfast at the Memphis Cook Convention Center.

The Mid-South Minority Business Continuum (MMBC) produces the Economic Development Forum (EDF) annually. For President & CEO Luke Yancy III and the MMBC team, the 2013 Economic Development Forum is another step in an ongoing push to grow minority and women-owned business enterprises (M/WBEs).

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Facebook rolls out shared photo albums

Facebook rolls out shared photo albums

Next time you host a soiree, you can collect photos of the event from your guests in one album on Facebook.

The social network has added shared photo albums so people can throw photos from an event or of a common subject into a single spot. The new shared album feature, first reported by Mashable, is rolling out to English-speaking users of the social network but will eventually be available around the world.

When you create a new photo album, there will be a new button that says "Make Shared Album." Click and add up to 50 other people you want contributing to the album. Each person can upload 200 photos for a maximum of 10,000 images in a single shared album. Every contributor can tag, edit and give captions to the photos they add.

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  • Written by Heather Kelly/CNN

What advantages does a biweekly mortgage offer?

What advantages does a biweekly mortgage offer?

One of the most precious assets that you are likely to possess as you progress through life is your home. Owning their own homes is something that most Americans strive for.

Unfortunately, for the vast majority of people, one of the major drawbacks in owning a home is the long-term mortgage that must be paid off. Mortgages often stretch out 30 years with interest and principal repayments.

Most mortgage repayments are made on a monthly basis. However, arranging to make payments biweekly can have a dramatic effect on the amount of money you have to pay and the time frame before it is all paid off.

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Road to Retail: O’Taste & See Simply Delicious Pies and Quiche

Road to Retail: O’Taste & See Simply Delicious Pies and Quiche

Barbara Jackson is a woman blessed with a gift to cook. She runs from the title of chef but the taste and presentation of her food places her with the best of the best. As humble as they come, Jackson proves that with hard work and dedication to your passion, dreams do come true.

Carlee McCullough: How did you get started in the food business?

Barbara Jackson: I received an Easy Bake Oven in second grade for Christmas. I got two boxes of cake mix, white and chocolate. My mom loved nuts, so I added nuts to the top of the chocolate mix and actually made a brownie before I even knew what a brownie was. I continued to add different nuts to the tops. Later, I attempted to make other stuff in the Easy Bake Oven and burned it up. The wattage was not strong enough for what I wanted to do.

CM: What do you sell at O'Taste and See?

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Grand opening signals intermodal growth for Memphis area

Grand opening signals intermodal growth for Memphis area

Carolyn Hardy, CEO of Chism Hardy Investments, has a track record of success when it comes to aligning with business opportunities that yield dividends for the Memphis area. On Monday (Aug. 19), Hardy helped unveil a venture that she puts in that category.

Mayor AC Wharton Jr. and Shelby County Mark Luttrell Jr. participated in the grand opening of the Marine Repair Services and Container Maintenance Corporation (MRS-CMC) new multi-million dollar maintenance shop and intermodal yard at 4530 Clarke Road in Memphis Tennessee. The facility has a 10,800 square foot maintenance shop on 30 acres for intermodal container and truck storage on a bonded yard.

Additionally, the facility is one mile from the BNSF Memphis Intermodal facility.

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