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VOL. 123 | NO. 27 | Friday, February 8, 2008

'Unstable Environments'

Rebuilding, security efforts top of mind in Hickory Hill

It's not repair work. It's rebuilding in Hickory Hill. That's how the team of local emergency responders described the immediate task in the community hit harder by Tuesday evening's storms than any other part of Memphis.

Proposed Hotel Part Of County Tax Sale

For some people in Shelby County, it's no surprise when the tax man comes knocking after unpaid property taxes have begun to mount. Vince Vaghela, whose Mississippi-based development company wants to convert a Downtown Memphis high-rise into a hotel, is not one of those people.

Historian's Memphis Visit Presents Complexities of Slavery Emancipation

Who freed the slaves? The answer is more complex and relevant than the question's simplicity and tense might suggest, author and Yale University history professor David W. Blight said recently.

Capital-Gains Cut Would Have Minimal Effect Locally, Economist Says

The National Association of Manufacturers and other groups are proposing a cut to the long-term corporate capital-gains tax, but how much that move would directly benefit Memphis' manufacturing businesses remains unclear.

Ugly Mug Gets 'Bedhead' Facelift

Working with Indianapolis-based advertising agency Young & Laramore, Memphis-based Ugly Mug Coffee Co. has put on a new face, so to speak, with a new look for its products.

Local Weather
Today
Memphis, TN
66°F
Fair
Wind: 0 mph
Humidity: 87%

EVENTS

The Alliance for Nonprofit Excellence will host "Growing Pains: When - and How - to Expand Your Staff" today from 9 a.m. to noon at The Assisi Foundation of Memphis Inc., 515 Erin Drive. The cost is $65 for Alliance members, $55 for participants in the Program for Nonprofit Excellence and $99 for nonmembers. To register or for more information, contact April DeBerry at 684-6605 or adeberry@npexcellence.org.

more events »

Magna Bank Invests in Growth Despite Flailing Economy

1st Trust Bank for Savings officially became Magna Bank in May after the executives and directors of the eight-year-old institution decided the original name didn't stand out, but merely blended in with all the other financial institutions containing "1st" in their titles.

Sands - and Plans - Shift in Pyramid Deliberations

At least one Memphis City Council member expects changes to the tentative terms of a development agreement between local government and Bass Pro Shops for use of The Pyramid. Meanwhile, the developer of the rival Pyramid Harbor project has made some changes to his plans already.

Fall in Jan. Revenues Result Of Sales Tax Drop

NASHVILLE (AP) - Tennessee's overall revenues fell $110,000 below projections in January, mainly because of a drop in sales tax collections.

Term Limit Debate Turns Emotional

Memphis City Council and Memphis Charter Commission member Janis Fullilove left her colleagues on the Charter Commission puzzled Thursday afternoon following an emotional attack on the idea of term limits.

Lawmakers Say Bigger Role for Fannie, Freddie Should Also Come with Tighter Gov't Oversight

WASHINGTON (AP) - Senators on Thursday said Fannie Mae and Freddie Mac should play a bigger role in helping struggling homeowners even as they called for tighter oversight of the government-sponsored mortgage finance companies.

Tenn. Lawmakers Opposed to Georgia Tapping Tennessee River

NASHVILLE (AP) - Tennessee lawmakers say they sympathize with Georgia's water shortages but they will oppose an effort by its lawmakers to redraw the states' border.

Bredesen Wants to Recruit Quality Teachers to the State

CHATTANOOGA (AP) - Gov. Phil Bredesen says he wants to recruit more quality teachers to the state.

Now that Storms Well Past, Recovery Begins in Earnest

The recovery effort from Tuesday’s storms that killed three people in Memphis and 32 across Tennessee is moving beyond the initial shock at week’s end over the human and property loss.

Hickory Ridge Sears Ready for Business

It hasn’t yet been a week since the storms that wreaked havoc across the Memphis area Tuesday produced a tornado that smashed through the Hickory Ridge Mall and tore out a wall of the mall’s Sears store, among other damage it caused.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 33 91 3,886
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

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