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Brrr! Weather punches Memphis

icewindshield 600Here's the National Weather Service's technical explanation of what's happening with the local weather:

"Mid level deformation zone associated with mid level shortwave will rotate across the Mid South through mid afternoon."

Translation: A weather event packing snow, ice, sleet, freezing temperatures and a bone-chilling wind chill has Greater Memphis on lockdown.

 

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Lupita Nyong’o takes Oscar for ‘12 Years a Slave’

lupita 600(The Root) – The "It Girl" is really "It." Lupita Nyong'o won an Oscar Sunday night for best supporting actress for her role as Patsey in "12 Years a Slave," which also won the Academy Award for best picture of the year.

After hugging director Steve McQueen, her co-star Chiwetel Ejiofor (Solomon Northup) and (oddly) Liza Minelli, the stunning star took the stage to give an emotional and heartfelt acceptance speech.

"It doesn't escape me for one moment that so much joy in my life is thanks to so much pain in someone else's, so I want to salute the spirit of Patsey for her guidance and for Solomon—thank you for telling her story and your own.

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Memphis beat Louisville – enough said!

tigerscardinals 600It's just not something you normally associate with winning a basketball game, but then it wasn't just a basketball game. It was Louisville, as in rival, as in defending national champions, as in national television, as in the team the University of Memphis needed to beat after laying an egg against Houston in the previous game on the road.

"Completing the regular season sweep over Louisville is huge for this team and the city," said head coach Josh Pastner after the Tigers (22-7, 11-5) upset the No. 7 Cardinals 72-66 at the FedExForum on Saturday (March 1).

"Sweeping Louisville is huge for us, and means a lot for the city," said guard Chris Crawford, whose sharp shooting included a dagger-like three-pointer with the game in the balance in the waning moments.

 

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Attorney Crump delivers amid ‘That’s alright’ energy at inaugural Conference on Family

crump 600Benjamin Crump leaned back onto the lectern, clutching the microphone – the moment punctuated by his lack of words and a silence that spoke to his deeply-rooted emotion.

A chorus of "That's alright" sprang from the crowd. Crump, who represented the family of Trayvon Martin in the 2013 case, State of Florida v George Zimmerman, lifted his microphone, head slightly bowed. This time he had the words.

"If we do not stand up for our children, nobody will," Crump said.

 

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Tax-deferred investments and early withdrawal

moneymatter 600Withdrawing funds from a tax-deferred retirement account before age 59½ generally triggers a 10 percent federal income tax penalty; all distributions are subject to ordinary income tax. However, there are certain situations in which you are allowed to make early withdrawals from a retirement account and avoid the tax penalty.

IRAs and employer-sponsored retirement plans have different exceptions, although the regulations are similar.

IRA exceptions

The death of the IRA owner: Upon your death, your designated beneficiaries may begin taking distributions from your account. Beneficiaries are subject to annual required minimum distributions.

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