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VOL. 127 | NO. 140 | Thursday, July 19, 2012

Q2 Foreclosures Up 5 Percent

Shelby County’s real estate market is still feeling the effects of foreclosure activity, with a second quarter increase in activity following an even larger one in the first quarter.

Finding a Niche

Travel agents adapt to changing business landscape

This is the second in a two-part series looking at the state of the local travel agency industry. The first story ran in The Daily News June 29.

Council Passes Sales Tax Hike Ballot Question

The pair of questions the Memphis City Council is considering for the Nov. 6 ballot is another chapter in the council’s nearly five-year debate about the size and role of city government.

City Moves Closer to Cutting Auto Inspection Funding

Two weeks after the Memphis City Council approved an either/or change to auto inspections against the advice of the city administration, the council took another step as Memphis Mayor A C Wharton Jr. embraced the earlier change.

Polling Issues Continue in Early Voting

Since early voting in advance of the Aug. 2 election day began Friday, July 13, there haven’t been any reports of problems with voter identification.

Local Weather
Today
Memphis, TN
46°F
Mostly Cloudy
Wind: 12 mph
Humidity: 46%

EVENTS

Dixon Gallery & Gardens will host Art After Dark Thursday, July 19, from 6 p.m. to 9 p.m. at Dixon, 4339 Park Ave. The event, themed A “Memphis Vive” Fiesta, will feature food, drinks, music by Los Cantadores and a tour of the Memphis Vive exhibit. Visit dixon.org.

more events »

Methodist, Baptist Lead Way in Rankings

Methodist Healthcare ranked No. 1 in the Memphis metropolitan area and No. 3 in the state of Tennessee in U.S. News & World Report’s Best Hospitals 2012-2013.

MEMPHIS LAW TALK

Bailey Likes Solving Problems for Law Clients

The law firm founded by Olen “Mac” Bailey Jr. with a goal of being a leading estate planning law firm in the Memphis area celebrates 16 years in business this year.

LOCAL COLUMNISTS

You Are Not Warren Buffet

Ray’s Take There’s no doubt Warren Buffet is an investment genius. He’s truly one of a kind. Still, the Internet is loaded with websites insisting you can invest – and excel – just like Warren Buffet.

Being Tigers and Goats in This World

Two tigers – an adult and a child – are standing in the den of the older one. At hand is a recently slaughtered gazelle. The larger tiger digs in and gestures to his companion to do likewise. In Joseph Campbell’s words, “The little one backs off” and says, “I’m a vegetarian.”

STATEWIDE

State to Distribute Devices to Deaf, Blind

NASHVILLE, Tenn. (AP) — The Tennessee Regulatory Authority will participate in a national pilot program distributing communication devices to low income deaf-blind citizens.

REGIONAL

Officials Warn People off Miss. River Sandbars

NATCHEZ, Miss. (AP) — Mississippi and Louisiana officials are telling people to say off sandbars that have appeared with the low-water levels along the Mississippi River.

Ark. Gov.: Lawmakers' OK Needed to Grow Medicaid

LITTLE ROCK, Ark. (AP) — Arkansas Gov. Mike Beebe said Wednesday he's still inclined to go forward with an expansion of Medicaid under the federal health care law, but that the decision will ultimately come down to a super-majority vote in the Legislature next year.

NATIONAL BUSINESS

Home Construction in Steady Comeback

WASHINGTON (AP) – Home construction is making a long-awaited recovery that could help energize the U.S. economy.

AMR has Q2 Loss of $241M on Bankruptcy Costs

DALLAS (AP) — American Airlines is reaping higher fares and record revenue but still losing money.

Capital One to Pay $210M Over Marketing Tactics

WASHINGTON (AP) — The Obama administration's consumer watchdog agency flexed its enforcement muscles for the first time Wednesday and ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services.

Fed Survey: Growth, Hiring Slowed in Parts of US

WASHINGTON (AP) — The U.S. economy expanded modestly in June and early July, but growth and hiring slowed in several parts of the country. The key findings of the Federal Reserve survey echoed the gloomier outlook that Chairman Ben Bernanke offered to Congress this week.

NATIONAL GOVERNMENT

Bernanke: Fed's Efforts Have Helped the Economy

WASHINGTON (AP) — Chairman Ben Bernanke told lawmakers Wednesday that the Federal Reserve's efforts to bolster growth have helped lift the U.S. economy out of the Great Recession. But he acknowledged that growth remains weak and the Fed can only do so much.

New Welfare Restrictions Target Booze, Tattoos

BOSTON (AP) — Taking aim at what they call an abuse of the taxpayers' money, a growing number of states are blocking welfare recipients from spending their benefits on booze, cigarettes, lottery tickets, casino gambling, tattoos and strippers.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 206 16,619
MORTGAGES 84 228 21,660
FORECLOSURE NOTICES 0 35 4,301
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 73 222 15,764
BUSINESS LICENSES 23 51 5,542
UTILITY CONNECTIONS 86 287 23,860
MARRIAGE LICENSES 21 72 5,107

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