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VOL. 127 | NO. 241 | Tuesday, December 11, 2012

Home Sales Up 16 Percent

The Shelby County housing market continued to improve last month with year-over-year increases in home sales and average prices, and industry experts say those are just two of the signs that local residential real estate has stabilized.

Taking Stage

Tennessee Shakespeare Co. leading ‘a wonderful life’

The latest production from Tennessee Shakespeare Co. is a stage version of one of the silver screen’s most beloved morality tales – the one about an angel on a mission, the magic of Christmas and the futility of worrying over what might have been.

Big Changes Help Stabilize Literacy Mid-South

For the last year and a half, bookkeeping has been on Kevin Dean’s mind as much as books.

Huffman Brings Leverage to Possible Mediation

Tennessee Education Commissioner Kevin Huffman would bring lots of political leverage with him should he mediate the coming merger of schools in Shelby County.

Local Weather
Today
Memphis, TN
70°F
Partly Cloudy
Wind: 8 mph
Humidity: 44%

EVENTS

Federal Bar Association will hold its annual membership meeting and 2013 board election Tuesday, Dec. 11, at 11:45 a.m. at Calvary Episcopal Church, 102 N. Second St. It will be followed by lunch and a one-hour continuing legal education presentation by Brian Faughnan at noon. Cost of lunch and CLE presentation is free for FBA members and $25 for nonmembers. Email gregory.grishman@jacksonlewis.com.

more events »

REAL ESTATE RECAP

Hickory Hill Warehouse Sells for $15.7 Million

6380 Holmes Road Memphis, TN 38141

LOCAL COLUMNISTS

2013: A Year of Books

Last week we shared more ways you can celebrate the holidays while giving back at the same time. This week let us explore an easy way we can start planning ahead to make 2013 a Year of Books by working with Shelby County Books from Birth to plant the seeds of literacy and help build a stronger foundation for our future.

STATEWIDE

November Revenue Collections Higher Than Last Year

NASHVILLE, Tenn. (AP) — Tennessee Finance Commissioner Mark Emkes says the state's overall revenue collections for November are slightly more than they were this time last year.

TVA Board Votes to Delegate Authority to CEO

NASHVILLE, Tenn. (AP) — The Tennessee Valley Authority's board voted Monday to delegate certain authority to the utility's new chief executive in case five of its vacancies aren't filled before Congress adjourns this month.

NATIONAL BUSINESS

Oil Ends Lower on Economy Concerns

NEW YORK (AP) — Benchmark U.S. crude gave up some early gains Monday on a surprise expansion of German exports and signs of increased oil consumption in China to finish lower. Concerns about the so-called fiscal cliff in the U.S. continued to dog traders and investors.

Senate Bill Would Extend Deposit Insurance Program

WASHINGTON (AP) — To prevent a possible run on banks at the height of the financial crisis four years ago, Congress expanded government insurance for certain bank deposits to include totals above the usual $250,000 limit. Now that the ceiling is about to be re-imposed, community banks fear they'll lose customers to bigger banks and want Congress to come to their rescue.

NATIONAL GOVERNMENT

Obama Says he 'Won't Compromise' on Taxes

REDFORD, Mich. (AP) — President Barack Obama warned Monday that he "won't compromise" on his demands that the wealthiest Americans pay more in taxes, digging in on the chief sticking point between the White House and Republicans as they seek a way to avert the "fiscal cliff."

Government Investigating Makers of Cellphone Apps

WASHINGTON (AP) — The government is investigating whether software companies that make cellphone apps have violated the privacy rights of children by quietly collecting personal information from phones and sharing it with advertisers and data brokers, the Federal Trade Commission said Monday. Such apps can capture a child's physical location, phone numbers of their friends and more.

REAL ESTATE

Report: Managers at Fannie, Freddie Earned $200,000

WASHINGTON (AP) — A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.

HEALTH CARE

Surprise: New Insurance Fee in Health Overhaul Law

WASHINGTON (AP) — Your medical plan is facing an unexpected expense, so you probably are, too. It's a new, $63-per-head fee to cushion the cost of covering people with pre-existing conditions under President Barack Obama's health care overhaul.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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