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VOL. 127 | NO. 150 | Thursday, August 2, 2012

Supreme Court to Hear Judge Selection

A new Tennessee Supreme Court will hear the latest court challenge to how state appellate court judges are selected.

Day of Answers

Schools ballot questions dominate Shelby County election day

Polls open across Shelby County at 7 a.m. Thursday, Aug. 2, in elections that already promise to be memorable for problems during the early voting period as well as the mixture of issues and one-of-a-kind contests on the ballot.

Election Eve Prep And A Surprise

When the polls open across Shelby County Thursday, Aug. 2, election officials will be watching closely in several areas for continuing election problems.

Chandler Seminar To Cover Housing

Real estate information company Chandler Reports is hosting its “Master Your Market: Second Quarter Update” event for local agents, appraisers, builders, investors and bankers Thursday, Aug. 9.

Board Approves Formation of Transition Group

There are recommendations to come, decisions by two school superintendents instead of one about who works on the coming schools merger and more public meetings after 75 already by the schools consolidation planning commission.

Local Weather
Today
Memphis, TN
72°F
Fair
Wind: 8 mph
Humidity: 76%

EVENTS

The Daily News will hold a sustainable energy seminar and panel discussion as part of its 2012 seminar series Thursday, Aug. 2, at 3:30 p.m. at Memphis Brooks Museum of Art, 1934 Poplar Ave. Cost is $25. Register at seminars.memphisdailynews.com.

more events »

Methodist to Honor Four Recipients With Living Awards

The Methodist Healthcare Foundation is preparing to honor three individuals and one organization for their significant commitments to faith and healing in the Mid-South community and beyond.

MEMPHIS LAW TALK

Weintraub Continues Family Tradition at Fisher & Phillips

Jeff Weintraub is among what might be one of the few third-generation lawyer families in Memphis.

LOCAL COLUMNISTS

Entertainment Costs Are Not Amusing

Ray’s Take If a family of four goes out for an evening at the movies, admission alone runs about $34, and you can add almost 24 percent more if it’s a 3D movie. All that’s before the sticker shock of the refreshment counter. Two hours later, it’s all over and you go home about $50 poorer. That’s a lot of money for a brief experience. Yet, even as families struggle through the recession, the average amount of money spent on entertainment admissions (along with video games and gambling) has increased 18 percent since 2000.

Spare Moments of Litzing

Of late, in my spare time, I’ve been “litzing” old crossword puzzles. It’s been quite the educational experience!

MEMPHIS AREA

Fred's July Revenue Figure Rises

MEMPHIS (AP) – Discount-store operator Fred's Inc. said Wednesday that a key revenue figure edged up in July, boosted by markdowns aimed at increasing customer traffic. The company also raised its earnings guidance for the second quarter, citing a tax settlement with the state of Tennessee.

REGIONAL

Drought: Half of US Counties Now Disaster Areas

ST. LOUIS (AP) – More than half of U.S. counties now are classified by the federal government as natural disaster areas mostly because of the drought.

NATIONAL BUSINESS

Ford, GM Sales Lose Ground to Japan Rivals in July

DETROIT (AP) – General Motors and Ford lost ground to Japanese automakers last month as their rivals made a strong comeback from last year's earthquake.

Private Survey: US Economy Added 163K Jobs in July

WASHINGTON (AP) – A private survey shows U.S. businesses kept hiring at a modest pace in July, suggesting the job market could be improving after three sluggish months.

NATIONAL GOVERNMENT

Fed Says US Economy has Slowed, Takes No New Steps

WASHINGTON (AP) – The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to boost growth if hiring remains weak.

Medicare Fraud Busters Unveil Command Center

BALTIMORE (AP) – Medicare's war on fraud is going high-tech with the opening of a $3.6 million command center that features a giant screen and the latest computer and communications gear. That's raising expectations, as well as some misgivings.

REAL ESTATE

Construction Spending up in June

WASHINGTON (AP) – Another strong gain in homebuilding pushed U.S. construction spending up for a third straight month in June.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 70 224 13,880
MORTGAGES 105 298 18,124
FORECLOSURE NOTICES 16 55 3,560
BUILDING PERMITS 0 430 32,733
BANKRUPTCIES 81 211 13,214
BUSINESS LICENSES 23 68 4,773
UTILITY CONNECTIONS 103 307 20,206
MARRIAGE LICENSES 39 72 4,269

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