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VOL. 126 | NO. 19 | Friday, January 28, 2011

Wharton Sets Stage for Budget Proposal

Memphis Mayor A C Wharton Jr. set the stage Thursday for a coming budget proposal that will include cuts in spending and reductions in services.

Spreading the Gospel

Live From Memphis celebrates decade of promoting local music

Live From Memphis celebrates 10 years of promoting, supporting and showcasing Memphis music, film, art and culture with a Friday open house and free party at its studio at 1 S. Main St.

Canadian Group Buys Distressed South Memphis Industrial Park

A Canadian real estate investment group has bought a distressed South Memphis industrial park with plans to re-absorb the space and bring it back to life.

Highwoods Extends Tenants at Southwind Office Center

Raleigh, N.C.-based Highwoods Properties Inc. has signed two deals at its Southwind Office Center, a 62,000-square foot, three-story building with views of the Tournament Players Club at Southwind golf course.

Ongoing Foreclosure Crisis Far From Over

The foreclosure crisis will get worse before it gets better – with 1 million homes foreclosed in 2010 and even more projected for default in 2011.

School Referendum at Center of Recent Forums

It seems to be the season for forums – three, in fact, at the same time Thursday evening in different parts of the city all on the Memphis City Schools charter surrender on the March 8 referendum ballot.

Wharton, Haslam React to Referendum Delay Talk

Talk in Nashville of legislation to block a March 8 city referendum on schools consolidation drew a stern reaction Thursday from Memphis Mayor A C Wharton Jr. and a cautious reaction from Tennessee Gov. Bill Haslam.

Herenton Highlights North Memphis Townhall Turned Rally

There have been question and answer sessions this week – debates and townhall meetings on the schools referendum.

Oher to Sign Autobiography at Davis-Kidd

Michael Oher, the central character of a Hollywood blockbuster whose inspiring story sees him go from the mean streets of Memphis to an NFL career, is now telling his story – his way.

Skateboard Competition Part of Greenlaw’s Mission

Skateboarders from near and far are dropping in to compete in a skate contest that is more about congregation than competition.

Tarrant Brings Voice Talents to the Airwaves

It’s no secret that Hollywood and New York City are major centers for acting. But that major-market talent also can be found in Memphis.

U of M's Ranta Named AdFed's Silver Medal Winner

Each year, members of the advertising profession select one of their own for the highest recognition the American Advertising Federation Memphis can give.

EDGE: The Right Call

AN EASY CALL TO MAKE.

Should We Hire to Plan or Plan to Hire?

Part One of Two-Part Series

STATEWIDE

Tenn. Attorneys Asked to Increase Pro Bono Work

NASHVILLE (AP) – Tennessee Supreme Court Chief Justice Cornelia A. Clark says attorneys need to do some free work as an obligation to their profession.

Teacher Evaluation System Still Under Development

NASHVILLE (AP) – A new teacher evaluation system is set to start in Tennessee in six months, but parts of the system haven't been written and principals haven't been trained.

REAL ESTATE

Rate on 30-year Fixed Mortgage Rises to 4.80 Pct.

LOS ANGELES (AP) – The average rate on a 30-year fixed mortgage rose for the second week in a row, buoyed by higher bond yields.

December Signed Contracts for Homes Up 2 Percent

WASHINGTON (AP) – The number of people who signed contracts to buy homes rose in December, marking the fifth increase in the past six months.

NATIONAL BUSINESS

GM Says it No Longer Needs Gov't Loan to go Green

WASHINGTON (AP) – General Motors, in another sign of its progress since a government-led bankruptcy, said Thursday it is withdrawing its application for $14.4 billion in federal loans it had sought to help build more fuel-efficient cars.

NATIONAL POLITICS

Obama: Budget Proposal to End up Saving $400B

WASHINGTON (AP) – President Barack Obama says the budget he plans to send to Capitol Hill next month will trim spending with a scalpel, not a chain saw, and that it will save about $400 billion.

Social Security Fund Will be Drained by 2037

WASHINGTON (AP) – Social Security's finances are getting worse as the economy struggles to recover and millions of baby boomers stand at the brink of retirement.

Requests for Unemployment Benefits up Due to Snow

WASHINGTON (AP) – The number of people applying for unemployment benefits rose sharply last week, but the figures were largely distorted by rare snowstorms that swept through the Southeast.

Panel Finds Financial Crisis was Avoidable

WASHINGTON (AP) – The government-appointed panel investigating the roots of the financial crisis says the meltdown occurred because government officials and Wall Street executives ignored warning signs and failed to manage risks.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 136 5,209
MORTGAGES 0 182 6,891
FORECLOSURE NOTICES 0 50 1,606
BUILDING PERMITS 0 328 12,307
BANKRUPTCIES 0 175 5,475
BUSINESS LICENSES 0 58 2,119
UTILITY CONNECTIONS 0 182 7,240
MARRIAGE LICENSES 0 43 1,501

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