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VOL. 127 | NO. 90 | Tuesday, May 8, 2012

Board Representation at Stake in Bill

In the legislation passed by the Tennessee General Assembly last week allowing suburban referendums this year on forming municipal school districts there was another part of the bill.

Outdoor Sounds

Malls, restaurants host musical acts as multitude of concert series begin

Summer is nearly here. Partygoers have begun packing rooftops, while shoppers and restaurant diners also are keen on a little musical entertainment to help liven up predictable experiences.

Pinnacle to Close PinnPro Ground Division

Pinnacle Airlines Corp. announced Tuesday, May 8, that it will wind down its PinnPro Professional Ground Services subsidiary “over the next several months,” leaving the company’s ground operations restructured and much smaller.

County Commission Debates, Delays Drones

Shelby County Commissioners had little trouble Monday, May 7, approving the first of three readings of a redistricting plan.

Luncheon To Honor’s City’s Cinematic Stars

Film director Craig Brewer, “Undefeated” star Bill Courtney, and Memphis and Shelby County Film and Television Commissioner Linn Sitler are among those who’ll be honored Wednesday, May 9, as Carnival Memphis salutes the Mid-South’s movie and film industry during its annual Business & Industry Salute Luncheon.

REAL ESTATE RECAP

New York Co. Buys Into Four Lenox Park Bldgs.

3150 Lenox Park Blvd., 6750 Lenox Center Drive, 6745 Lenox Center Court and 6775 Lenox Center Court Memphis, TN 38115 -
New York-based Lenox Park C-F Owner LLC, an affiliate of HighBrook Investment Management, has filed a $22.3 million special warranty deed involving four buildings in the Lenox Park office complex near Kirby Parkway and Tenn. 385. The transaction with seller NNN Lenox C-F LLC closed Friday, April 27.

LOCAL COLUMNISTS

Up and Down, Economy Sign Of Indecision

The consequence of living in an economic and political environment that can’t seem to make up its mind is a market that also can’t make up its mind, both surging and sinking last week. Signs of indecision abound. In November, the U.S. must decide between the Romney and Obama policy portfolios. Polls approximate a tie. Our economic growth rate of 2-2.5 percent also amounts to a tie, as it’s the mid-point between recession and true expansion.

MIFA Unites Volunteers In Service

Last week we reflected on Herschel Walker’s recent visit to Memphis, sharing examples of how giving back has opened doors and led to opportunities that have yielded great success in his business and personal life. This week let us spotlight an organization engaging our community to sustain the independence of seniors, transform the lives of families in crisis, and equip teens for success: Metropolitan Inter-Faith Association (MIFA).

The Golden Rules of Retail

We recently had the opportunity to spend some time with the Bartlett Board of Mayor and Aldermen in a meeting sponsored by the Bartlett Area Chamber of Commerce to provide feedback in support of their efforts to review regulations related to zoning and restrictions for commercial real estate uses.

STATEWIDE

Tennessee Will Get $1.95 Million From Drug Agreement

NASHVILLE (AP) – Tennessee will receive $1.95 million coming from a multistate settlement between a giant pharmaceutical company accused of deceptively marketing the anti-seizure drug Depakote.

REGIONAL

Arkansans Can Cast Early Votes Starting This Week

LITTLE ROCK, Ark. (AP) – Arkansans can begin casting their votes this week ahead of the May 22 primary and non-partisan judicial election.

NATIONAL BUSINESS

US Consumers Upped Their Borrowing in March

WASHINGTON (AP) – U.S. consumers swiped their credit cards more often in March after cutting back during the previous two months. The increase helped drive overall borrowing up by the most in more than a decade.

Buffett Says Investors Shouldn’t Act on Headlines

OMAHA, Neb. (AP) — Billionaire Warren Buffett said Monday that Europe will have a hard time resolving its fiscal problems because of the structure of the European Union and this weekend’s election results in Greece and France.

NATIONAL GOVERNMENT

White House Pressures GOP on Student Loan Bill

WASHINGTON (AP) – The White House pressed Republicans Monday to back Democratic legislation preventing interest rates on federal student loans from doubling in July as the two parties remained deadlocked over how to pay for the move.

Twitter Plays Outsize Role in 2012 Campaign

NEW YORK (AP) – @BarackObama is on Twitter. So is @MittRomney. And so are all the voters following the 2012 presidential contest, whether they know it or not.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 242 14,959
MORTGAGES 111 255 19,585
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 0 359 35,689
BANKRUPTCIES 57 178 14,212
BUSINESS LICENSES 18 104 5,095
UTILITY CONNECTIONS 76 246 21,679
MARRIAGE LICENSES 0 59 4,616

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