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VOL. 127 | NO. 30 | Tuesday, February 14, 2012

New Home Permits Climb 29 Pct.

New home construction was up 28.9 percent last month, and local industry professionals hope the trend continues into spring.

Leadership Change

Mathews takes reins at EmergeMemphis

Eric Mathews, long at the center of a variety of tech ventures and entrepreneurship projects in the city, is taking the reins at EmergeMemphis.

Petties Associate Testifies On Drug Ring's Origins and Growth

The violent multi-state drug organization headed by Craig Petties began with a group of eight and nine-year-old boys in the Riverside neighborhood of South Memphis selling rocks of crack cocaine to those in cars who would drive down their street, West Dison Avenue, in the neighborhood.

FedEx Plans $141M Investment in Local Facility

FedEx Express, the unit of the Memphis-based shipping giant that employs more than 144,000 people worldwide, is planning to invest $141.9 million to expand its business by consolidating its training facilities into a single location.

Tenn. Lawmakers Join Opposition to Obama Health Care Bill

A group of Tennessee lawmakers are joining their counterparts from around the country in registering with the U.S. Supreme Court their opposition to President Barack Obama’s signature domestic legislation, the health care reform bill.

Muddy’s Inks Space on Broad

Muddy’s Bake Shop will soon bring some of its “lovin’ from the oven” to Binghampton.

Oxford Immunotec Wants to Bring New U.S. Location to Memphis

Oxford Immunotec Inc., a medical diagnostics company founded in 2002, wants to put its first U.S. location outside of its Massachusetts headquarters in Memphis.

Luttrell Looks to Advance School Bldg. Talks

The idea of a consolidated Shelby County public school system as a platform of sorts for various school models is beginning to emerge in what may be the most contentious part of the yearlong schools reformation discussion.

Alexander Preps Base For March Republican Primary

Political gatherings are often places of unlikely coexistence.

Lucas Encourages Women to be Proactive

Geralyn Lucas, author of “Why I Wore Lipstick to My Mastectomy,” was at Baptist Memorial Hospital-Memphis Friday, Feb. 10, to share her personal story and encourage Mid-South women to be more proactive when it comes to their health.

GOVERNMENT AGENDA

Agenda: City Council Special Mtg. on Annexation

The Memphis City Council meets in special session Tuesday, Feb. 14, at 3:30 p.m. to consider two annexation ordinances. Up for first reading is the Bridgewater annexation. The council has also added second of three readings on the Grays Creek annexation.

REAL ESTATE RECAP

Belmont Village Senior Living Sells for $16.9 Million

6605 Quail Hollow Road, Memphis, TN 38120 -
Belmont Village-Memphis, a senior living community at 6605 Quail Hollow Road, has sold for $16.9 million to an Ohio-based real estate investment trust.

LOCAL COLUMNISTS

Making Friends For Life

Last week we reflected on a recent visit from LPBC guest speaker, Dr. Joseph Michelli, who shared the personal and community value of creating a legacy statement – one sentence that defines our impact on Earth and how others will remember us after we are gone. This week let us explore an organization with the mission of helping people affected by HIV/AIDS live well: Friends For Life Corp.

Invest Like It’s 2013

The January Effect As each year closes, tax-savvy money managers purge their investment losers to harvest tax losses and window-dress year-end statements. With the turn of the calendar year, unloved names get repurchased, making last year’s losers suddenly this year’s winners.

What Home Improvements Pay Off?

As 2012 gets into full swing, consumers may be thinking about undertaking a home improvement project, but not every renovation effort will pay off when the owner sells his home.

NATIONAL GOVERNMENT

Obama's New Budget: Higher Taxes for the Wealthy

WASHINGTON (AP) – President Barack Obama unveiled a $3.8 trillion spending plan on Monday that seeks to achieve $4 trillion in deficit reduction over the next decade but does little to restrain growth in the government's huge health benefit programs, a major cause of future deficits.

Obama's Proposed Tax Hikes at Odds With GOP Rivals

WASHINGTON (AP) – President Barack Obama proposed tax increases on wealthy individuals and some corporations Monday, setting the stage for an ideological battle that won't be resolved until after the November election – if then.

Obama Promotes Job Training at Community College

ANNANDALE, Va. (AP) – President Barack Obama called on Congress Monday to create an $8 billion fund to train community college students for high-growth industries, giving a financial incentive to schools whose graduates are getting jobs.

SPORTS

FCC Urged to End Sports Blackout Rule

WASHINGTON (AP) – Most people weighing in on a sports blackout rule are urging the Federal Communications Commission to scrap it.

TECHNOLOGY

AT&T Customers Surprised by 'Unlimited Data' Limit

NEW YORK (AP) – Mike Trang likes to use his iPhone 4 as a GPS device, helping him get around in his job. Now and then, his younger cousins get ahold of it, and play some YouTube videos and games.

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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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