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VOL. 127 | NO. 143 | Tuesday, July 24, 2012

Biz License Filings Rise in Q2

The number of business licenses filed with the Shelby County Clerk’s office increased 2.7 percent to 1,397 in the second quarter of 2012 from 1,360 for the same period last year, according to The Daily News Online, www.memphisdailynews.com.

Full Circle

Film screening hearkens back to Shell’s roots as 1960s gathering place

When the 1968 film “Monterey Pop” is shown at the Levitt Shell this week, the images from the D.A. Pennebaker documentary about the 1967 rock music festival will make a sort of homecoming.

Consultant’s Advice For Memphis: Fly Delta

The advice seemed to take aim at the most tender part of the raw nerve running through the recent civic discussion about Delta Air Lines Inc.’s cuts in air service at Memphis International Airport and the higher fares that have come with the cuts.

Startup Weekend Helps Bring Ideas to Life

In LinkedIn founder Reid Hoffman’s recent book “The Startup of You,” he recalls a billboard in Silicon Valley that asks passers-by – many of them presumably being startup founders – a simply question: What makes you so special?

New Complaint Arises As End of Early Voting Nears

With one week left in the early voting period, voter turnout before the Aug. 2 election day seems likely to surpass 50,000, or about 10 percent of Shelby County’s voters.

Local Weather
Today
Memphis, TN
32°F
Fair
Wind: 6 mph
Humidity: 73%

EVENTS

The Church Health Center/MIFA Farmers Market will be open Tuesday, July 24, from 10 a.m. to 2 p.m. at Church Health Center Wellness, 1115 Union Ave. Visit churchhealthcenter.org.

more events »

Ed. Commissioner Approves Schools Merger Plan

Tennessee Education Commissioner Kevin Huffman has formally signed off on the part of the local schools consolidation plan that required state approval. And he has said the state is not likely to provide additional post-merger funding.

REAL ESTATE RECAP

Nursing Home Owner Files $13 Million Loan

3549 Norriswood Ave., Memphis, TN 38111 -
The owner of the Highlands of Memphis senior nursing facility at 3549 Norriswood Ave. near the University of Memphis has filed a $13 million loan on the property.

LOCAL COLUMNISTS

Heart Full Of Soul

Last week we discussed the Memphis Crisis Center, which is a volunteer-powered agency serving as a full-service, 24/7 lifeline (901-CRISIS-7) for those in need of a caring ear or support in times of crisis and distress. This week let us spotlight an organization focused on preserving, promoting and celebrating the many unique cultural assets of the Soulsville, USA, neighborhood of Memphis, while supporting the development of new educational and community-building opportunities for its residents and stakeholders: the Soulsville Foundation.

REGIONAL

Rain a Mixed Blessing for Arkansas Cotton Crop

LITTLE ROCK, Ark. (AP) – Recent rain has generally helped the Arkansas cotton crop, but the accompanying cloudy conditions may impact yield.

NATIONAL BUSINESS

Global Economy in Worst Shape Since 2009

WASHINGTON (AP) – Mounting fears about Spain’s financial health help illustrate why the global economy is in its worst shape since 2009.

More Airfare Increases on the Way

DALLAS (AP) – Get ready to spend more on travel. Airlines are raising ticket prices again after a long lull that coincided with falling fuel costs.

McDonald's Showing Signs of Tear From Economy

NEW YORK (AP) – Not even McDonald's Corp. has an iron stomach when it comes to the global economic downturn.

US Poverty on Track to Rise to Highest Since 1960s

WASHINGTON (AP) – The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net.

Europe Shaken by Fear Spain Will Need Full Bailout

FRANKFURT, Germany (AP) – Europe is on the brink again. The region's debt crisis flared on Monday as fears intensified that Spain would be next in line for a government bailout.

TECHNOLOGY

How Apple's Phantom Taxes Hide Billions in Profit

NEW YORK (AP) – On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some of it with an unusual tax maneuver.

Netflix's 2Q Results Riding on Subscriber Growth

SAN FRANCISCO (AP) – Netflix will provide an update on the growing popularity of its Internet video service and the death march of its DVD-by-mail rental service Tuesday when the company releases its second-quarter earnings.

NATIONAL GOVERNMENT

House Leaders Wary of Farm, Postal Bill Showdowns

WASHINGTON (AP) – Senate-passed bills to cut farm subsidies and food stamps and overhaul the financially teetering Postal Service have been put on hold by House Republican leaders wary of igniting internal party fights or risking voters' ire three months before the election.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 269 16,682
MORTGAGES 0 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 0 287 15,829
BUSINESS LICENSES 0 67 5,558
UTILITY CONNECTIONS 0 413 23,986
MARRIAGE LICENSES 0 94 5,129

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