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VOL. 126 | NO. 21 | Tuesday, February 1, 2011

Haslam: Schools Transition Plan Must Be in Place by Feb. 15

Tennessee Gov. Bill Haslam weighed in on the local schools standoff Tuesday morning by saying both of Shelby County’s public school system leaders have to have a transition plan that covers teachers by Feb. 15.

On the Go

Apps, social media enhancing real estate business

From seasoned veterans to young agents, smart phone technology enables real estate professionals to work from virtually anywhere.

Thomas & Betts Reports Q4 Sales Increase

Memphis-based Thomas & Betts Corp. has reported an 11.5 percent increase in net sales during the fourth quarter of 2010 compared to the fourth quarter of 2009.

Mueller Industries Posts $17.7M Net Income

Memphis-based Mueller Industries Inc. posted a net income of $17.7 million on net sales of $527 million in the fourth quarter of 2010.

Elected Leaders Meet Tuesday on Schools Legislation

There is some movement between political forces in Memphis and political forces representing the city and county in Nashville on the school consolidation question.

Local Weather
Today
Memphis, TN
72°F
Cloudy
Wind: 7 mph
Humidity: 78%

EVENTS

The Memphis Rotary Club will meet Tuesday at noon at the University Club of Memphis, 1346 Central Ave. Stephen Zack, American Bar Association president, will speak. Cost is $18 per person. Advanced reservations are required. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Council Weighs Legislative Wish List

Memphis City Council members during their Tuesday session will weigh a legislative wish list to send to Nashville.

Metropolitan Bank Experiences Strong 2010

One newspaper last year referred to Metropolitan Bank as the “the little bank that could.”

Summit to Provide Insights for CRE Market

Commercial real estate professionals will soon have the opportunity to gain insight on local and national issues that have an effect on Memphis business.

New Members Appointed to MED Board

Three new board members were recently appointed to the board of the Shelby County Health Care Corp. by Mayor Mark Luttrell.

Long-Sought Family Safety Center Moves Forward

After years of talk and false starts, much of the local response to domestic violence will now be under one roof in Midtown.

Forum to Address Students’ Needs in School Showdown

Most of the real experts on how a city and county schools system consolidation will work on a day-to-day, classroom-to-classroom basis won’t be voting on the matter next month.

Yogurt Shop Slated for South Main Street

94 S. Main St., Memphis, TN 38103, Permit Amount: $80,000 -
An $80,000 building permit application has been filed with the city-county Office of Construction Code Enforcement for a yogurt shop at 94 S. Main St.

The State of Things

The State of the Union

A Habit Forming Idea

It’s that time of year. If you are like most people, it’s the time when most New Year’s resolutions have totally faded into oblivion. All the new habits you planned to form have fallen by the wayside.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

STATEWIDE

Haslam Begins Public Tennessee Budget Bearings

NASHVILLE (AP) – Republican Gov. Bill Haslam on Monday began his administration's first round of public budget hearings since taking office Jan. 15.

Homeless Count Across West Tenn.

JACKSON, Tenn. (AP) – A one-night census of homeless people in West Tennessee will help determine funding to aid them.

Corker Starts Year With $1.1M in Campaign Account

NASHVILLE (AP) – Republican U.S. Sen. Bob Corker has begun the year with a $1.1 million cash balance in his re-election campaign account.

HEALTH CARE

Fla. Judge Strikes Down Obama Health Care Overhaul

PENSACOLA, Fla. (AP) – A federal judge declared the Obama administration's health care overhaul unconstitutional Monday, siding with 26 states that sued to block it, saying that people can't be required to buy health insurance.

NATIONAL BUSINESS

Despite China's Might, US Factories Maintain Edge

WASHINGTON (AP) – U.S. factories are closing. American manufacturing jobs are reappearing overseas. China's industrial might is growing each year.

Consumer Spending Up 0.7 Percent in December

WASHINGTON (AP) – Americans spent at the fastest pace in three years in 2010, boosted by a strong finish in December.

NATIONAL POLITICS

Fed Finds Slight Bank Easing for Business Loans

WASHINGTON (AP) – The Federal Reserve said Monday that banks loosened their lending standards modestly for certain business loans over the past three months but kept tight standards on consumer loans.

Democrats Push Aviation Bill as Jobs Program

WASHINGTON (AP) – Democratic leaders say they will bring an aviation bill that includes $8 billion for airport construction to the Senate floor this week, pitching it as a jobs measure.

Technology Cos. Commit Funds to Obama Program

NEW YORK (AP) – Three of the nation's biggest technology companies are committing hundreds of millions of dollars to an initiative backed by President Barack Obama to encourage job creation and economic growth by supporting small businesses.

Treasury Announces Bank Warrant Auction

WASHINGTON (AP) – The Treasury Department says this week it will auction off warrants it received from Boston Private Financial Holdings Inc., the latest effort to recoup the costs of the $700 billion financial bailout.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 64 324 13,221
MORTGAGES 107 477 17,235
FORECLOSURE NOTICES 20 82 3,380
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 67 276 12,619
BUSINESS LICENSES 22 87 4,576
UTILITY CONNECTIONS 71 487 19,380
MARRIAGE LICENSES 28 122 4,031

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