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VOL. 126 | NO. 27 | Wednesday, February 9, 2011

Home Sales Show Stability, Fall 3 Pct.

Now that the holidays are over and spring is around the corner, local real estate agents hope low interest rates and attractive sales prices will heat up the lukewarm housing market.

Memphis Mainstay

Downtowner magazine celebrates 20 years of telling city’s stories

As Jodie Vance remembers it, 1991 was an important year for Downtown Memphis’ transformation.

Schools Legislation Set for House Vote

The schools consolidation bill in the Tennessee Legislature and much of the political debate on the larger issue moves to the floor of the state House floor Thursday.

Book Takes Look at Local Health Care

As the national battle over the future of American health care legislation rages, the Memphis Medical Society has published a comprehensive look into the extensive history of an industry deeply rooted in the city’s commerce and culture.

MAAR: Home Sales Fall 1.4 Pct.

The housing market appears to be leveling off, as the Memphis Area Association of Realtors report only a 1.4 percent decline for the month.

Pinnacle Fourth Quarter Numbers To Be Lower Than Expected

When Pinnacle Airlines Corp. reports its fourth quarter earnings next week, the diluted earnings per share won’t be up to what analysts thought.

Bradley Named Mid-South Super Lawyer

J. Anthony Bradley has been named for the third consecutive year to the Mid-South Super Lawyers for estate planning and probate practice areas.

Which $3 Million Ad Flamed the Fans?

Oh, how the big brands sweated as each second of Super Bowl XLV airtime sucked away 100,000 marketing dollars. Would the $3 million advertisers paid for a 30-second spot pay off with the 111 million viewers? Let’s see.

Contagion Hyperventilation

In today’s interconnected world, the butterfly effect rules trading desks, meaning small events lead to massive capital flows. I am not diminishing the importance of the Egyptian situation (although markets rendered guilty and innocent verdicts within 48 hours), but I am suggesting that every global disturbance is not a return to September of 2008. Some are.

Shed Fear and Shine

It’s interesting that the movie “Wall Street: Money Never Sleeps” pops us just when trust in the workplace may be at low ebb. In 1987, Michael Douglas introduced us to the inimitable villain Gordon Gekko, whose greed and unethical actions mirror some true story lowlifes. He’s back.

STATE LEGISLATURE

Democrat Parkinson Sworn in to Tenn. House

NASHVILLE (AP) – Democratic Rep. Antonio "2 Shay" Parkinson of Memphis has been sworn in to the state House.

Tenn. Bill Would Require Photo ID From Voters

NASHVILLE (AP) – Voters would be required to show photo identification before they can cast ballots under a proposal passed on to the full Senate Tuesday.

HEALTH CARE

Medtronic Gets OK for Scan-Friendly Pacemaker

MINNEAPOLIS (AP)Medtronic Inc., the world's largest medical device company, said Tuesday it received U.S. approval for the first pacemaker designed to be safely used with MRI scanners.

NATIONAL BUSINESS

AP Analysis: Foreclosures Raise US Economic Stress

The nation’s economic stress inched up in December because higher foreclosures outweighed lower unemployment, according to The Associated Press’ monthly analysis.

Job Openings Fall for Second Straight Month

WASHINGTON (AP) – Employers posted fewer job openings in December, the second straight month of declines. That’s a sign hiring is still weak even as the economy is gaining strength.

Health Insurers Adjust to Once-Scary Reform Rule

INDIANAPOLIS (AP) – A new health care overhaul mandate that once stirred fear among insurers is proving to be challenging – but not too challenging – as it makes its debut in 2011.

NATIONAL POLITICS

Fed Official: Stimulus Plan Should be Reconsidered

WASHINGTON (AP) – The Federal Reserve should "quite seriously" rethink whether its $600 billion bond-purchase program is needed given the strengthening U.S. economy, a Fed official said Tuesday.

IRS Reduces Penalties if Tax Cheats Come Clean

WASHINGTON (AP) – The Internal Revenue Service is offering reduced penalties for international tax cheats who come clean.

AP Source: Obama Wants Jobless Aid Help for States

WASHINGTON (AP) – The White House says a proposal that gives states an opportunity to collect more unemployment insurance taxes from businesses in 2014 will force states to "rationalize" what jobless assistance they offer and how they pay for it.

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

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