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VOL. 127 | NO. 60 | Tuesday, March 27, 2012

Dancing Jimmy’s to Open on Beale

Beale Street’s former Pat O’Brien’s space is being replaced with a new concept from some of the street’s prime stakeholders.

Two-Wheeled Tours

Segway Experience provides unique way to see Memphis

Tourists and other guests in Downtown Memphis can always leisurely stroll past landmarks like AutoZone Park and FedExForum as they take in the sights and sounds of the city.

Justices Take Up Heart of Health Care Overhaul Law

WASHINGTON (AP) – The Supreme Court is taking up the key question in the challenge to President Barack Obama's historic health care overhaul: Can the government force people to carry insurance or pay a penalty?

Suburbs Consider Legal Challenges In Schools Fight

After a race to call special referendum elections in May, suburban leaders this week may be in a race to get to Chancery Court in a legal challenge of the Tennessee attorney general’s opinion that last week stopped the referenda move.

Cherokee Arms Undergoes Rehab

It wasn’t long ago that the Cherokee Arms Apartments complex in Midtown was on the market with a note of “in need of repair.”

Local Weather
Today
Memphis, TN
68°F
Fair
Wind: 0 mph
Humidity: 56%

EVENTS

Lipscomb Pitts Breakfast Club will host an executive lunch with Doug McGowen Tuesday, March 27, from noon to 1:30 p.m. at Napa Café, 5101 Sanderlin Ave., suite 122. McGowen will discuss starting new businesses, growing existing businesses and how to use commercial blight as an opportunity. Email Jeremy Park at jeremyp@lpinsurance.com for reservations.

more events »

Commission Confirms Move of Redistricting Standoff To Court

There will be no fourth try at a redistricting plan by the Shelby County Commission. The issue will be decided by Chancellor Arnold Goldin probably sometime in mid-May.

Soul Celebration to Benefit MED Foundation

The Four Tops, The Temptations Review, Thelma Houston, and Marilyn McCoo and Billy Davis Jr. will bring their legendary brand of soul to The Peabody hotel’s Grand Ballroom Saturday, March 31, during “Med Night: A Soul Celebration.”

Drug Trial Moves Into Sentencing Phase

The verdicts are in, and the jurors have been polled and dismissed after more than a month of trial.

REAL ESTATE RECAP

Mitsubishi Chem Subsidiary Files Permit App for HQ

2665 Fite Road, Memphis, TN 38127 -
MC Ionic Solutions US Inc., a subsidiary of Mitsubishi Chemical Corp. that will produce an electrolyte solution used in lithium-ion batteries, is moving ahead with its North Memphis headquarters and production plant.

LOCAL COLUMNISTS

A Swing in The Right Direction

Last week highlighted Porter-Leath, which is an organization empowering children and families to achieve a healthy, optimal, and independent lifestyle. This week let us discuss a nonprofit that is impacting the lives of young people by providing educational programs that build character, instill life-enhancing values, and promote healthy choices through the game of golf: The First Tee of Memphis.

NATIONAL BUSINESS

Economists See Higher Taxes as Way to Cut Deficit

NEW YORK (AP) – Economists say a combination of higher taxes and lower spending is the best way to reduce the federal budget deficit.

Bernanke Calls US Job Market Weak Despite Big Hiring Gains

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke says the U.S. job market remains weak despite three months of strong hiring, but that the Fed’s existing policies will help boost economic growth.

NATIONAL GOVERNMENT

Senate Democrats Unveil Business Tax Breaks

WASHINGTON (AP) – Senate Democrats Monday unveiled a $26 billion temporary tax cut for businesses to boost their payrolls and encourage investment in new equipment.

HEALTH CARE

High Court Throws Out Human Gene Patents

WASHINGTON (AP) – The Supreme Court on Monday threw out a lower court ruling allowing human genes to be patented, a topic of enormous interest to cancer researchers, patients and drug makers.

Justices Ready to Move to Heart of Health Case

WASHINGTON (AP) – The Supreme Court plunged into debate Monday on the fate of the Obama administration's overhaul of the nation's health care system, and the justices gave every indication they will not allow an obscure tax law to derail the case.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

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