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VOL. 128 | NO. 139 | Thursday, July 18, 2013

Shelby County Foreclosures Drop 10.6 Percent in Second Quarter

Through various mitigation efforts, the lending giant Wells Fargo has helped some 5,200 Memphis homeowners avoid foreclosure since 2009.

All Aboard

MATA reviewing proposals for Central Station’s next phase

Central Station is poised to ride Downtown’s development momentum into its next phase of life.

School Board Races Next for Suburbs

Look for suburban school board races probably in November now that voters in the six suburban towns and cities in Shelby County have approved forming municipal school districts.

Bass Pro Shops’ Signage Has ‘Classier’ Look

Bass Pro Shops has changed signage plans for The Pyramid and is including a “sky ride” to the top of the building along with two new balconies outside the two-level observation deck, all part of an effort to embrace the structure’s iconic place in the city’s skyline.

County Tax Rate Doesn’t Get Past Budget Committee

Shelby County Commissioners could not find enough votes in committee sessions Wednesday, July 17, for a county property tax rate that had any chance of passing before the full commission next week.

Local Weather
Today
Memphis, TN
76°F
Cloudy
Wind: 7 mph
Humidity: 87%

EVENTS

The Memphis Bar Association will host a continuing legal education seminar on Veterans Affairs aid and attendance improved pension benefits Thursday, July 18, from noon to 1 p.m. at Evans & Petree, 1000 Ridgeway Loop Road. Attorney J. Anthony Bradley of The Bradley Law Firm will speak. Visit memphisbar.org.

more events »

Council Grapples With Attrition Plan Reality

Every version of a city budget the Memphis City Council and Mayor A C Wharton Jr. considered in June included a plan to lose 300 city employees through attrition for long-term savings toward meeting rising future debt obligations.

MEMPHIS LAW TALK

Glankler Brown Job Too Good to Pass Up for Jobe

Attorney Mark Jobe has recently started working as an associate with Glankler Brown PLLC.

LOCAL COLUMNISTS

Handling Long-Term Care Costs

Ray’s Take The cost of long-term nursing home care is increasing at a dramatic pace. According to the latest Genworth Financial report, the median annual cost is now $83,950 and has risen 4.5 percent annually over the last five years.

We’ll Always Have Paris

ARDEN, N.C. – This suburb of Asheville is home to my newest favorite burger place. Don’t get me started on the Old-Fashioned – mustard, onions, chili, slaw. Check out frenchfryz.net.

NATIONAL BUSINESS

Banks' Earnings Pop Masks Deeper Concerns

NEW YORK (AP) – Major U.S. banks have turned in big profit gains this season, but the news isn't all good.

NATIONAL GOVERNMENT

Bipartisan Senate Group Pushes Reporter Shield Law

WASHINGTON (AP) – A bipartisan group of senators on Wednesday pressed forward with a reporter shield bill that includes new Justice Department guidelines for investigations that involve the media.

TECHNOLOGY

Shareholders Voting on $24.4 Billion Dell Buyout

DALLAS (AP)Dell Inc. is making a late push to win shareholder support for founder Michael Dell's plan to take the slumping computer maker private, an indication that Thursday's scheduled vote could be close.

REAL ESTATE

US Builders Start Work on Fewer Homes in June

WASHINGTON (AP) – U.S. builders started work on fewer homes in June, mostly because apartment construction fell sharply. But applications for permits to build single-family houses rose to the highest level in five years, suggesting the housing recovery will continue.

HEALTH CARE

House GOP Presses Delay in Health Care Law

WASHINGTON (AP) – House Republicans pressed ahead Wednesday on delaying key components of President Barack Obama's signature health care law, emboldened by the administration's concession that requiring companies to provide coverage for their workers next year may be too complicated.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 43 12,074
MORTGAGES 0 78 15,834
FORECLOSURE NOTICES 39 39 3,168
BUILDING PERMITS 292 292 29,124
BANKRUPTCIES 3 100 11,771
BUSINESS LICENSES 0 18 4,292
UTILITY CONNECTIONS 0 190 17,922
MARRIAGE LICENSES 0 43 3,711

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