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VOL. 127 | NO. 27 | Thursday, February 9, 2012

Foreclosure Deal Nets $146M for Tennessee

The state of Tennessee is participating in a $25 billion settlement announced Thursday, Feb. 9, between 49 states – all but Oklahoma – over foreclosure abuses from some of the nation’s biggest lenders.

‘When to Fight’

Harvard prof discusses negotiation strategies

It was perhaps inevitable that when the Harvard Law School professor who is the author of a new book on negotiation came to Memphis, he would be asked about how to get all of the players in the local schools reformation to the table.

Tennessee Granted NCLB Waiver

Tennessee made another cut in the changing federal education reform scene: The state is one of 10 granted a waiver from No Child Left Behind standards.

U of M Lands Big East Invitation

It got done. Not on the timetable originally envisioned and not without much angst along the way. But that’s old news overtaken by better news:

RMHC Radiothon Helps ‘House That Love Built’

The 21st annual Ronald McDonald House Radiothon is in full swing over at the facility, which serves as a home away from home for patients undergoing treatment at nearby St. Jude Children’s Research Hospital.

Local Weather
Today
Memphis, TN
59°F
Partly Cloudy
Wind: 9 mph
Humidity: 69%

EVENTS

Rhodes College will host a lecture by productivity coach Jason Womack Thursday, Feb. 9, at 5:30 p.m. in the Blount Auditorium of Buckman Hall on campus. Womack will discuss his new book, “Your Best Just Got Better.” The event is free and open to the public.

more events »

CRE Outlook Remains Mixed

A sophomore at the University of Memphis could open up an economics book and explain how the United States got to its current state through the laws of demand, diminishing returns and comparative advantage.

Jury Selection Progresses in Major Drug Case

Jury selection in the Memphis federal court trial of two alleged hit men for the biggest drug organization ever prosecuted in the court took longer than expected.

New Downtown Pizza Restaurant Applies for Facade Grant

Aldo Dean, who is bringing his restaurant concept Aldo’s Pizza Pies to Downtown Memphis, is applying for a façade improvement grant from the Center City Development Corp.

MGLCC Says Funding Cut, Suspends HIV-Testing Program

The Memphis Gay and Lesbian Community Center (MGLCC) has suspended its HIV-testing program after the state of Tennessee cut off funding to the center’s HIV-testing partner, Planned Parenthood.

Meritan Focuses on Awareness, Collaboration

Meritan, a private nonprofit that provides a vast array of services for seniors, foster children and developmentally disabled and visually impaired individuals in four states, is the largest social services agency in Memphis, second only to Youth Villages.

Speaker to Introduce ‘Urban Magnet’ Concept

Todd Richardson knows it takes a village to create a village.

Pinnacle Tweaks Terms of Purchase Deal

An agreement reached between Memphis-based holding company Pinnacle Airlines Corp., its subsidiary Colgan Air Inc., Continental Airlines Inc. and United Air Lines Inc. tweaks the terms of a purchase deal between the parties – and hopefully will be one more step toward avoiding bankruptcy by Pinnacle.

GOVERNMENT AGENDA

Agenda: County Commission Special Mtg. About School Property

The Shelby County Commission will hold a special meeting Friday, Feb. 10, at 2 p.m.

MEMPHIS LAW TALK

Barnes’ IP Practice Bridges Law, Science

Some lawyers may have a background that includes previous experience in real estate or time in politics.

LOCAL COLUMNISTS

What Should Drive a Car Purchase?

Ray’s Take Whether you opt for a new or used vehicle, cars are not cheap. Even though you might spend a substantial amount of money on them, they’re not investments either. Plain and simple, a car is an expense.

Quirky is as Quirky Does

In a recent “Under Analysis” column Mark Levison wrote that he finds lawyers “interesting, entertaining and quite often a bit quirky.” He then describes some of the quirky lawyers around him.

NATIONAL BUSINESS

CVS Caremark Q4 Profit Rises, 2012 Outlook Climbs

Drugstore chain Walgreen's loss of a big client is turning into rival CVS Caremark's gain so far this year.

Time Warner Sees Growth After Harry Potter Movies

NEW YORK (AP)Time Warner Inc. got a boost from its movie studio and cable TV networks in the last three months of the year, and the company expects growth to continue in 2012 even with the end of its lucrative Harry Potter franchise.

Green Cos., Orgs Seek ‘Lorax’ Tie-Ins

LOS ANGELES (AP) – The Lorax, perhaps the most famous anti-industrial crusader from children's literature, is getting support from companies that are willing to go green.

NATIONAL GOVERNMENT

Congress Tries to Give President Line-Item Veto

WASHINGTON (AP) – The Republican-controlled House sought Wednesday to give President Barack Obama and his successors the line-item veto, a constitutionally questionable power over the purse that has been sought by Republican and Democrats alike.

APNewsBreak: Dems Hit Lax Fed Drilling Oversight

WASHINGTON (AP) – Federal policing of oil and natural gas on public lands is lax and inconsistent, with only 6 percent of violations resulting in monetary fines over 13 years, House Democrats said in a report Wednesday.

SPORTS

Memphis Beats East Carolina 70-59

GREENVILLE, N.C. (AP) Chris Crawford scored 16 points and Wesley Witherspoon recorded a double-double to push Memphis past East Carolina 70-59 on Wednesday night.

Grizzlies End 3-Game Skid, Beat Timberwolves 85-80

MEMPHIS (AP) – Quincy Pondexter had nothing to show in his first opportunity to start for the injured Tony Allen.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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