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VOL. 125 | NO. 158 | Monday, August 16, 2010

Banks Raising Capital to Finance Growth

Banks in the Memphis area are raising tens of millions of dollars in new capital to finance growth plans, to support a boost in lending and to make sure they’re in prime position to handle an acquisition.

Town Square Shift

People, new trends drive focus in Collierville’s historic district

Collierville’s historic Town Square has been a gathering spot and source of pride for the town since around Civil War times. In all those decades, the Square – like the town itself – has undergone major shifts, reinventing itself time and again to meet the needs of a changing, growing population.

Post-Election, Political Leaders Talk Turnout

Sometime this week, the Shelby County Election Commission will meet to certify the results of the Aug. 5 elections.

Corker: Washington Needs to "Quit Fiddling With Things"

Of all the gloomy numbers U.S. Sen. Bob Corker threw at a lunchtime crowd of businesspeople Friday, one was perhaps the most cringe-inducing.

MBA Increases Awareness of Intellectual Property Law

A new section of the Memphis Bar Association will focus exclusively on intellectual property and entertainment law.

MAAR Commercial Council Welcomes New Board Members

The Memphis Area Association of Realtors Commercial Council held its annual board of directors meeting Thursday, approving three new members for its 2011 board.

Magazine Keeps Emphasis On ‘Business’

While most magazines are downsizing or folding, here in Memphis one is expanding. Memphis Business Quarterly, or MBQ, has bumped up to six publications a year from its previous four.

You Don’t Want It All

Most business people say they want all the business they can get.

THE MEMPHIS NEWS

Gaining Speed

For years the Whitehaven community has been fighting against urban decay, crime and economic decline, including the effects of the recent recession.

Memphis Needs Whitehaven

Mention plans for the comeback of Whitehaven and more than a few Memphians who don’t live in the area might not listen very long.

Investing in Our Children Begins With Preparedness

As director of data for the Urban Child Institute, Catherine Joyce is the keeper of the numbers that make up the organization’s annual Data Book, which is a detailed examination of the state of children in Memphis.

Rock for Love Turns 4 With Blowout Bash

The problem with launching a great new event is that after a few years everybody wants to be a part of it. Actually that’s no problem at all for the organizers of Rock for Love 4, benefiting the Church Health Center (CHC).

Restaurants Should Follow ‘Rule of Wine Transparency’

Back in the old days, when eating at a restaurant with interesting food and a commendable wine list, we would order glasses of white wine to go with appetizers and then a bottle of red wine for the main courses. Nowadays, we order two glasses of wine and maybe a third to share, and that’s it. Call it age, economics, whatever.

Patagonia Wine Worth Exploring

Never tried a wine from Patagonia? You’re not alone. Don’t know where Patagonia is? You’re probably not alone there either, though most people could probably identify the region generally as being way down at the southern tip of South America. In fact – Geography Lesson Alert! – Patagonia encompasses not just the tip of South America but the major portion of lower Argentina, and it’s there that we find the wine region called Neuquén, whence comes the wine we discuss today.

STATEWIDE

Senate to Hold Inquiry Into Tenn. Regents Hire

NASHVILLE (AP) – State lawmakers say they will hold hearings on the selection of a top aide of outgoing Gov. Phil Bredesen as the new chancellor for the Tennessee Board of Regents.

NATIONAL BUSINESS

Auto Sales Boost Otherwise Weak Retail Sector

WASHINGTON (AP) – Americans spent less at most retail stores in July and inflation remained tame as high unemployment and weak job growth fueled fears of a slowing economic recovery.

Kroger Makes Push Into Store-Brand Beauty Products

CINCINNATI (AP) – Grocery chain Kroger Co. is making a big push into the beauty business, this summer more than doubling its number of store-brand cosmetics, shampoos and other items while preparing to launch more products this fall and next year.

In a Sluggish Economic Summer, No Easy Fix Ahead

WASHINGTON (AP) – The Federal Reserve has little power left to lift the economy out of its rut. Congress, with an election looming, has no appetite for more stimulus. Shoppers are reluctant to spend, and businesses are slow to hire.

NATIONAL POLITICS

Fed Official Sees Bigger Risks in Future, Not Now

WASHINGTON (AP) – When it comes to the economy, Thomas Hoenig seems more worried about the future than the present.

Obama Looks to Boost Gulf Tourism With Family Trip

WASHINGTON (AP) – President Barack Obama is heeding his own advice to American vacationers, taking his family to the Gulf Coast this weekend to help the sagging tourism industry.

Gov't Auditor: Efficiency Funds Going Unspent

WASHINGTON (AP) – A government audit finds that most of the money authorized for one of the energy efficiency programs in last year's stimulus plan is going unspent.

Federal Appeals Court in NY Rules Against ACORN

NEW YORK (AP) – A federal appeals court in New York City has thrown out a decision that barred Congress from withholding funds from the activist group ACORN.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 180 11,618
MORTGAGES 81 223 15,202
FORECLOSURE NOTICES 21 68 2,979
BUILDING PERMITS 0 392 27,646
BANKRUPTCIES 90 218 11,180
BUSINESS LICENSES 26 63 4,101
UTILITY CONNECTIONS 99 422 16,906
MARRIAGE LICENSES 19 62 3,526

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