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VOL. 126 | NO. 232 | Tuesday, November 29, 2011

U of M Seeks Football Coach, AD

The University of Memphis finds itself searching for not only a new football coach but a new athletic director as well now that the Tigers football season is over.

U of M Hires Search Firm to Help Find New Coach

MEMPHIS (AP) – Memphis has hired Eastman and Beaudine Management Consultants to help the search committee find a new football coach.

Plugged-In Weatherman

Social media allows meteorologist to forecast from home

The rise of social media – and its integration with smartphones that are never far from a user’s side – has helped meteorologist Erik Proseus prove the truth behind Bob Dylan’s admonition that you don’t need a weatherman to know which way the wind blows.

Judge Puts NBA Court Proceedings on Hold

MINNEAPOLIS (AP) – A Minnesota federal judge has put the legal fight between the NBA's players and owners on hold to give the two sides time to finish their collective bargaining agreement.

American Airlines Files for Bankruptcy Protection

DALLAS (AP) – American Airlines and its parent company filed for bankruptcy protection as they try to cut costs and unload massive debt built up by years of high fuel prices and labor struggles. There will be no impact on travelers for now.

Local Weather
Today
Memphis, TN
56°F
Fair
Wind: 3 mph
Humidity: 90%

EVENTS

The University of Memphis Papasan Policy Institute will present a CEO Energy Summit titled “Memphis 2025 Energy and Alternative Energy: How Do We Become Sustainable?” Tuesday, Nov. 29, from 9 a.m. to noon in the Michael D. Rose Theatre on the U of M campus. Presenting partners include FedEx Corp.; Memphis Light, Gas & Water Division; the Tennessee Valley Authority; and more. The event is free. To register, email becook@memphis.edu or visit www.memphis.edu/ifti.

more events »

Home Permits Up 91 Percent In October

Local homebuilders filed 91 percent more new home permits during October compared with the same month last year, thanks to an out-of-town builder’s work in a Whitehaven subdivision.

Local Scholarship Effort Under Way

The idea seems simple enough. Put up scholarship money to fill the gap between what an aspiring college student has and what the student needs to pay the tuition for another year of higher education.

Countywide Schools Board Fighting Old Cultures

Aside from its looming battle with the state over charter schools, the countywide schools board is fighting conflicting meeting cultures of the old Memphis City Schools board and the old Shelby County Schools board.

Grant to Help UTHSC Broaden Nursing Reach

The College of Nursing at the University of Tennessee Health Science Center has received $100,000 to support the education of disadvantaged, minority and male students, who are underrepresented in the nursing field.

Grizzlies Start Preparing For Shortened Season

When an NBA lockout shortened the 1998-1999 season, the Grizzlies still made their home in Vancouver and current Griz player Rudy Gay was just a kid.

REAL ESTATE RECAP

Cotton Council Building Sells for $3.1 Million

1918 North Parkway, Memphis, TN 38112, Sale Amount: $1 million -
Cotton Council Apartments LLC has bought the former National Cotton Council headquarters at 1918 North Parkway from TC-Met Rhodes LLC for $1 million, filing a $3.1 million construction loan through Renasant Bank at the time of purchase. The building is slated to become apartments, according to a building permit application filed in October.

LOCAL COLUMNISTS

Knowing Where You Stand

Edward Irvine “Ed” Koch, three-term mayor of New York City, liked to ride or walk around the city and ask everyone, “How am I doing?” It was his trademark question. He didn’t seem to be trying to elicit praise from his constituents; he seemed to genuinely want ideas on how he could do his job better. It strikes me that this is a great question to constantly address in the workplace; only unlike Ed, employees of your business should not have to ask the question. They should get ongoing feedback without asking.

STATEWIDE

Fed Report Questions Tenn. Jobless Benefits

NASHVILLE (AP) – A U.S. Department of Labor report has questioned how well Tennessee is overseeing unemployment payments to an estimated 120,000 people as the state’s jobless rate lingers at near historic high levels.

TennCare to Present Budget Proposal to Haslam

NASHVILLE (AP) – TennCare was scheduled to make the final budget presentation Monday, Nov. 29, in Gov. Bill Haslam's series of hearings on state spending.

REGIONAL

L'Oreal Plant in North Little Rock Goes Solar

NORTH LITTLE ROCK, Ark. (AP) – A makeup plant in central Arkansas is showing off its new solar energy system.

NATIONAL BUSINESS

NYC Judge Rejects $285M SEC-Citigroup Agreement

NEW YORK (AP) – A federal judge on Monday struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, saying he couldn't tell whether the deal was fair and criticizing regulators for shielding the public from the details of what the firm did wrong.

Shoppers Snap Up Cyber Monday Deals

NEW YORK (AP) – Shoppers seem to be just as enthusiastic about shopping on their computers and smartphones on Cyber Monday as they were about finding deals over the weekend.

GM to Offer Free Loaner Cars to Volt Owners

DETROIT (AP) – General Motors is offering free loaner cars to Chevrolet Volt owners worried about the vehicles catching fire.

NATIONAL POLITICS

Democratic Rep. Barney Frank Announces Retirement

NEWTON, Mass. (AP) – Democratic Rep. Barney Frank of Massachusetts announced his retirement Monday effective at the end of next year, closing out a congressional career of more than three decades capped by passage of legislation imposing new regulations on Wall Street.

Senate Democrats Push Obama Payroll Tax Cut

WASHINGTON (AP) – Senate Democrats are pressing ahead on President Barack Obama's plan to cut in half every worker's payroll taxes next year – paid for by a 3.25 percent tax surcharge on the very wealthy.

Feds Seize 150 Websites in Counterfeit Crackdown

WASHINGTON (AP) – Federal authorities have shut down 150 websites accused of selling knock-off or pirated merchandise to unsuspecting online bargain hunters.

Gov't: US Not Responsible for Europe's Debt Woes

WASHINGTON (AP) – Wary of Europe's deepening debt crisis, President Barack Obama said Monday the United States stands ready to do its part to help the continent, even as the White House ruled out any financial contributions from U.S. taxpayers.

REAL ESTATE

Sales of New Homes Up in October, But Prices Fall

WASHINGTON (AP) – Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace is trailing last year's – the worst in half a century.

HEALTH CARE

Court to Look at Overtime Pay for Drug Sales Reps

WASHINGTON (AP) – The Supreme Court has agreed to consider whether pharmaceutical sales representatives can bill their employers for overtime, a case that could affect the pay of tens of thousands of people.

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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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