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VOL. 125 | NO. 168 | Monday, August 30, 2010

Regions Economist Issues Dour Warning

Regions Bank chief economist Bob Allsbrook brought a somber yet pragmatic message to a few recent meetings in Memphis with audiences that included Morgan Keegan executives and a private group of assorted business leaders.

Survival Skills

Realtors muddle through sales slump

Despite July 2010’s rank as the lowest home sales month since February – and despite recent news that existing home sales plummeted to a 15-year low nationally – Shelby County real estate professionals continue to emphasize the local market.

‘Grandfathered’ Health Plans Raise Issues

Now is the time for employers to decide whether to grandfather their existing benefit plans under the new health care reform law.

Summit Will Help Business Owners Prepare for Disaster

Small businesses are especially vulnerable when disaster strikes, whether it’s a flood, earthquake, tornado, fire or even terrorist activity.

Home Design Entrepreneur Sticks to One-of-a-Kind Treasures

Stephanie Singley is an entrepreneur to be reckoned with. A retail prodigy. A one-woman force.

Local Weather
Today
Memphis, TN
73°F
Partly Cloudy
Wind: 0 mph
Humidity: 84%

EVENTS

Small Biz Memphis will host the Cordova/Bartlett and East Memphis/Midtown Business Builders Circle meetings Tuesday and Wednesday, respectively, from 7:45 a.m. to 9 a.m. at 1661 International Drive, suite 400. The Germantown/Collierville meeting will be held Thursday at 7:45 a.m. at 2176 West St. For more information, call 205-9303.

more events »

Stop! Buy Local!

Memphis buying 90 police cars from a dealer in Louisville, Ky., with Memphians’ tax dollars makes this local business owner‘s temperature rise enough to melt icebergs in Greenland. I know I have company.

Gov. Contender McWherter Tours MED

For candidates running for Tennessee governor, their frequent trips to Memphis this summer have resembled pilgrimages at times.

MCS Court Ruling Reopens City Budget for Discussion

Consider the city budget approved by the Memphis City Council in June now officially reopened for discussion.

A Proper Orientation: They Started Loving You Today

Landing a new job is usually a cause for celebration, and an employee’s enthusiasm will seldom be greater than on that first day of work. Begin building momentum rather than letting their excitement drain away.

THE MEMPHIS NEWS

Taking Care of Business

A diverse mix of Memphis businesses is defying the odds and finding success spanning multiple family generations. Grant & Co., Champion Awards, Jim’s Place East, Barden Stone and Broadway Pizza are among the Memphis institutions thriving under second- and third-generation ownership and management.

Charter 411

The metro government charter, to be voted on Nov. 2, would combine the Memphis and Shelby County governments into one new local government.

‘Annie Get Your Gun’ Production Hits Target

They say in theater that there are no small parts, just small actors. But Theatre Memphis’s season opener shows strength and professionalism in large and small roles alike.

Memphians’ Love, Options For Sushi Continue to Grow

Sushi, the Japanese preparation of raw fish and rice, was unheard of in the United States until after World War II, and then even until the 1970s was largely an exotic phenomenon of the West Coast.

Pinot Gris is A Welcome Newcomer

Sometimes I have to remind myself that pinot grigio and pinot gris are the same grape. “Grigio” is the Italian manifestation, grown mainly in the country’s cooler northeastern region; “gris” is French and basically limited to Alsace.

CVS Deal is Only The First Step Of Ongoing Debate

One symbol of the retail pharmacy wars in Midtown can be found along Union Avenue in the oversized replica prescription bottle at the old Super D, the now-closed drugstore that was trying to distinguish itself from the competition.

Debate Over Primary Elections Heats Up

Shelby County Commissioners are the latest group to debate what should become of county party primary elections. The body, which has been divided into Democrats and Republicans since 1994, in August narrowly turned down a resolution to urge both local parties to drop their requests to continue the primaries.

STATEWIDE

Dem Lawyer Questions Fincher's Disclosure to House

NASHVILLE (AP) – A prominent Democratic lawyer is asking federal prosecutors to investigate whether Republican congressional candidate Stephen Fincher omitted debts and assets in financial disclosures maintained by the U.S. House.

NATIONAL BUSINESS

Bernanke: Fed Will Take Action if Economy Falters

JACKSON, Wyo. (AP) – Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare.

Recession May Have Pushed US Birth Rate to New Low

The U.S. birth rate has dropped for the second year in a row, and experts think the wrenching recession led many people to put off having children. The 2009 birth rate also set a record: lowest in a century.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 238 10,116
MORTGAGES 103 297 13,172
FORECLOSURE NOTICES 20 60 2,598
BUILDING PERMITS 192 562 24,086
BANKRUPTCIES 75 227 9,760
BUSINESS LICENSES 20 71 3,674
UTILITY CONNECTIONS 126 390 14,353
MARRIAGE LICENSES 15 68 3,131

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