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VOL. 127 | NO. 56 | Wednesday, March 21, 2012

West Tenn. Bankruptcy Judge Retires

Everybody is having to do more with less these days – including bankruptcy judges in one of the busiest areas of the country in terms of bankrupt debtors.

River View

Beale Street Landing about to spring to life

A river view alone isn’t enough for a restaurant to make a go of it on the Memphis riverfront.

Tenn. AG: No Referenda on Muni School Systems

The Tennessee Attorney General says the move to municipal school districts cannot move forward with May or August ballot questions because they would violate the schools consolidation law.

Council Rejects 18 Cent Property Tax Hike

Memphis City Council members voted Tuesday, March 20, to reject a one-time, 18-cent property tax hike to mop up an estimated $13 million in red ink for the current fiscal year.

Fred's Q4 Profit Rises 14 Pct.

MEMPHIS (AP) – Fred's posted a 14 percent jump in fourth-quarter net income Wednesday after the discount-store operator boosted customer traffic, opened 16 new stores and seven pharmacies and recorded a favorable tax adjustment.

MPO Administrator Recaps Plans to CCIM

The Memphis Urban Area Metropolitan Planning Organization has been providing long-range transportation planning for the region for more than 30 years.

Analysts Predict Better FedEx Earnings

NEW YORK (AP) – Analysts predict that FedEx Corp. will report better-than-expected fiscal third-quarter earnings on Thursday, as more package shipments and higher prices offset accelerating fuel prices.

Kings Top Grizzlies 119-110 for Third Straight Win

SACRAMENTO, Calif. (AP) – Sacramento Kings coach Keith Smart took off his blue jacket and tossed it to DeMarcus Cousins. The fouled-out forward played coach for the final minute, and everybody on the bench enjoyed a laugh.

Robot Therapy Introduced At Baptist Rehab

Baptist Rehabilitation-Germantown this month began offering patients interactive therapy with the InMotion Arm Robot, a device that helps them achieve arm function after a stroke or other illness.

Grant Applications Highlight DC Trip

Memphis Mayor A C Wharton Jr. and the delegation from City Hall he took with him to Washington last week had several stops to make and several sets of relatively new political rules to negotiate in those stops.

Fisher & Phillips to Host Law Seminar in April

The Memphis office of national labor and employment law firm Fisher & Phillips LLP is hosting a comprehensive employment law seminar titled “One Day, Many Solutions: Employment Law Coast to Coast” April 20 at the Memphis Botanic Garden, 750 Cherry Road.

MEMPHIS NEWSMAKERS

Humane Soc. Names Walker Development, Marketing Mgr.

Leah Walker has joined the Humane Society of Memphis & Shelby County as development and marketing manager. Walker represented her home state as Miss Georgia in 2008 before joining the Greater Memphis Chamber as a development consultant.

LOCAL COLUMNISTS

Prenups: Not Just for Rich

Ray’s Take There are many reasons to have a prenuptial accord: Firstly, while people expect their marriages to last forever, more than one-third of first marriages fail, and that percentage rises with subsequent marriages; secondly, people are waiting longer to marry and enter their union with more assets; and thirdly, prenups can offer protection if one spouse secretly runs up massive debt.

STATEWIDE

State Senate to Vote on Closing Teacher Evaluation Data

NASHVILLE (AP) – A bill to close public access to teacher evaluation data is headed for a full Senate vote.

NATIONAL BUSINESS

Apple's Next Hot Release: The Dividend Check

NEW YORK (AP) – Apple made computers sexy. Can it do the same for the musty old dividend?

NATIONAL GOVERNMENT

Court Rules on Sick Leave

WASHINGTON (AP) – The Supreme Court ruled Tuesday that states cannot be sued under the Family and Medical Leave Act for refusing to give an employee time off to recover from an illness. One justice said the decision "dilutes the force" of the law that allows millions of working Americans time off to care for sick family members or to have children.

Fed Cuts Estimate of 2011 Payment to Government

WASHINGTON (AP) – The Federal Reserve is slightly cutting its estimate of how much it paid the federal government in 2011. But the bank says the payment is still the second biggest in the nation's history.

House GOP Unveils Budget Blueprint

WASHINGTON (AP) – Conservative House Republicans on Tuesday set up what appears to be a potential re-run of last year's turbulent domestic policy fight with President Barack Obama, putting forward an election-year budget manifesto that would blend steep social program cuts with reduced tax rates.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 30 106 2,644
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 60 359 9,892
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 23 104 3,167

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