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VOL. 127 | NO. 136 | Friday, July 13, 2012

Mays Rules Municipal Schools Referendums Still On

Memphis Federal Court Judge Hardy Mays ruled Thursday, July 12, the set of referendums on forming suburban municipal school districts will go ahead as scheduled starting with the early voting period that opens Friday, July 13.

Honoring a Tigers Legend

U of M, community to celebrate Stan Bronson Jr.’s 84th birthday

Practically every student at the University of Memphis over the past half century has crossed paths with Stan Bronson Jr., one of the athletic department’s most dedicated and durable supporters.

Polls Set to Open for Early Voting

Shelby County voters start deciding Friday, July 13, general election countywide races for assessor of property, General Sessions Court clerk, district attorney general and a race for a Shelby County Commission seat. The ballot also includes seven races for district seats on the countywide school board.

Chisca Blight Remediation, Development Incentives Up for Vote

Three organizations crucial to the redevelopment of the Chisca Hotel will vote next week on blight remediation and development incentives for the historic Downtown property that has been in dilapidated condition for the more than 20 years.

StyleCraft Signs Lease At Airways Building E

Home decor company StyleCraft Home Collection Inc. has signed a 167,600-square-foot lease at Industrial Developments International’s Airways Distribution Center Building E.

Local Weather
Today
Memphis, TN
69°F
Cloudy
Wind: 0 mph
Humidity: 84%

EVENTS

The Memphis Young Professionals Network of the Memphis Association of Realtors will host Jay Papasan, co-author of “Millionaire Real Estate Agent,” Friday, July 13, at 10 a.m. in the MAAR education center, 6393 Poplar Ave. Email ypnmemphis@gmail.com.

more events »

Council Resolution Seeks to End City Vehicle Inspection Program

Two Memphis City Council members are sponsoring a resolution that would make this year the final year the city funds its vehicle inspection program and would start a process of working to transfer that program to Shelby County.

Region Should Benefit From GreenTech Opening

When a group of American investors bought a Chinese auto company making electric vehicles and decided to move the plant to the U.S., the competition was intense for the location.

Landing Sign Approved Following Design Debate

The sign for Beale Street Landing turned out not to be a big deal for the Downtown Memphis Commission’s Design Review Board.

AA Concepts Files Permit Next to Urban Outfitters

Houston-based retailer AA Concepts Inc. will soon fill the space to the east of Urban Outfitters Inc. at the gateway to the Cooper-Young community in Midtown.

MEMPHIS STANDOUT

Earnest Loves Touting The South’s Grand Hotel

Kelly Earnest moved to Memphis almost a decade ago to take a job in public relations that involves constantly spreading the word about “the South’s Grand Hotel.”

LOCAL COLUMNISTS

It’s All Ours

TURNS OUT, WE HAVE A PLAN. READ IT. If you sat down at the proverbial kitchen table – in fact, if every one of us sat down at your kitchen table – and made a top-10 list of what should be the guiding principles of our public schools, you might wonder just what we’d come up with.

Don’t Be A Name Dropper

Here’s a public secret: special events are designed to attract new donors. Yes, the funds raised through the event are important to the nonprofit. But that is only one goal. The second goal – acquiring names and contact information of potential donors – is often overlooked.

STATE GOVERNMENT

Ramsey: State Revenue Surplus Should Stay in Bank

NASHVILLE, Tenn. (AP) — Senate Speaker Ron Ramsey says the state's revenue surplus of more than a half-billion dollars should stay in the bank despite calls from Democrats to use it to offset tuition costs.

GOP Leaders Brace for Possible Voter Problems

NASHVILLE, Tenn. (AP) — Republican leaders say they expect some problems may arise from recent changes in electoral procedures when early voting starts Friday in Tennessee, but they hope to have the wrinkles ironed out by the general election in November.

REGIONAL

Report: 70 Percent of Arkansas in Extreme Drought

LITTLE ROCK, Ark. (AP) — Despite rainfall this week, the updated U.S. Drought Monitor map on Thursday showed that dry conditions are worsening across Arkansas.

NATIONAL BUSINESS

Buffett Says General Economy Slowing This Summer

OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Thursday that U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.

3 TV Display Makers Settle LCD Price-Fixing Case

ALBANY, N.Y. (AP) — Three Asia-based companies have agreed to pay $571 million to settle claims by officials in eight states that they conspired to inflate prices for liquid crystal display screens used in televisions and computer monitors, according to New York's attorney general.

NATIONAL GOVERNMENT

Senate Rejects Dem, GOP Business Tax Cut Bills

WASHINGTON (AP) — The Senate on Thursday rejected rival Democratic and Republican plans for cutting taxes on businesses, with both parties refusing to yield ground in their election-year struggle over how best to spark the economy.

REAL ESTATE

More US Homes Facing Foreclosure Risk in June

LOS ANGELES (AP) — Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year, potentially weighing further on home values.

US 30-Year Mortgage Rate Drops to Record 3.56 Pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 260 13,157
MORTGAGES 103 370 17,128
FORECLOSURE NOTICES 26 62 3,362
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 74 209 12,552
BUSINESS LICENSES 22 65 4,554
UTILITY CONNECTIONS 88 416 19,309
MARRIAGE LICENSES 27 94 4,003

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