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VOL. 127 | NO. 205 | Friday, October 19, 2012

Bankruptcy Filings Drop 4 Percent

Bankruptcies filed across all categories in Shelby County in the third quarter of 2012 dropped 4 percent from the third quarter of 2011, according to The Daily News Online, www.memphisdailynews.com.

Taking Stock

National pollster Rasmussen shares insights

The presidential race is still too close to call, the debates won’t shift things much from a statistical perspective and there’s a fair chance Democrats will retain their majority in the U.S. Senate.

Leadership Academy Rebrands as New Memphis Institute

The Leadership Academy has a new identity.

LGSTX Services Expands Local Warehouse

LGSTX Services Inc. is relocating and expanding its Memphis warehouse operations. The Wilmington, Ohio-based firm, which specializes in aviation support and facility services, has leased 184,680 square feet across two facilities in the Southwide Distribution area at 363 Burma Road and 410 Burma Road.

Nike Wins $57.8 Million Tax Break

Project Victory isn’t in the bag just yet. There is competition. Project Victory is what local economic development officials were calling the proposed $301 million expansion of the Nike Inc. plant in Frayser.

Local Weather
Today
Memphis, TN
73°F
Cloudy
Wind: 5 mph
Humidity: 69%

EVENTS

The 25th Rhodes Institute on the Profession of Law, Volume III will be held Friday, Oct. 19, from 3 p.m. to 5 p.m. in Hardie Auditorium of Palmer Hall on the Rhodes campus. The title is “Legal Lynx: The Evolution of the Practice of Law.” Contact Tracy Vezina Patterson at pattersont@rhodes.edu or 843-3856 for registration details.

more events »

Memphis Airport Cutbacks Being Felt in Concessions

Some restaurants at Memphis International Airport have started to close on Saturdays because of the second round of Delta Air Lines flight cutbacks that began in September at Memphis International Airport.

Cooking Channel Show to Spotlight Main Street

The television food scene has been kind to Memphis this year.

MEMPHIS STANDOUT

Watson Finds Leadership Path at LeMoyne-Owen College

In more than 50 years as an educator and administrator, Johnnie B. Watson has applied for a job only once.

SPORTS

Take Another Look at Officials’ Split-Second Calls

Hindsight, especially from press row or your seat in the 17th row of the upper bowl at FedExForum is a wonderful thing. After all, with the benefit of a gigantic video board and replay, we can see when the official got the call wrong and we got the call right.

Athletes as Frauds: The Fall From Grace

A cycling wreck leaves scars, layers of flesh skinned by rough pavement, a broken bone or two, maybe a concussion.

LOCAL COLUMNISTS

Chasing The Phantom Screamer

LOUD MEMORIES REMAIN. Jo-Jo the Dog-Faced Boy emailed the other day and reminded me of the Phantom Screamer.

Seeking Foundation Grants the Right Way

Part one of a three-part series on proposal writing. If there is a mythical “pot-of-gold” in the nonprofit world it is the foundation grant. Many start-ups – as well as established nonprofits – look to grants from foundations as a cure-all; the answer to all fundraising problems. You can spot this tendency when you hear phrases such as “Bill Gates has a foundation, let’s submit a proposal.”

REGIONAL

Mississippi Says No Thanks to Medicaid Expansion Dollars

JACKSON, Miss. (AP) – Mississippi has long been one of the sickest and poorest states in America, with some of the highest rates of obesity, diabetes and heart disease and more than 1 in 7 residents without insurance. And so you might think Mississippi would jump at the prospect of billions of federal dollars to expand Medicaid.

TV Host Campaigns for Arkansas Medical Marijuana Plan

LITTLE ROCK, Ark. (AP) – Talk show host Montel Williams on Thursday accused opponents of an Arkansas ballot measure that would legalize medical marijuana of resorting to "racist" imagery with a television ad featuring an African-American actor portraying a drug dealer.

NATIONAL BUSINESS

Newsweek to Cease Print Edition After 80 Years

NEW YORK (AP) – Newsweek will end its print publication after 80 years and shift to an all-digital format in early 2013.

Nucor’s Third-Quarter Profit Falls 39 Percent

CHARLOTTE, N.C. (AP) Nucor Corp.'s third-quarter net income plunged 39 percent on lower sales and prices as demand for steel fell in the sluggish global economy.

US Unemployment Aid Applications Jump to 388,000

WASHINGTON (AP) – Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The increase marks a rebound from the previous week’s sharp drop. Both swings were largely due to technical factors.

NATIONAL GOVERNMENT

Nightmare Election Scenarios Worry Both Parties

WEST PALM BEACH, Fla. (AP) – Here in a county that knows a thing or two about Election Day meltdowns, both parties are fretting over what might go seriously wrong before, during or just after the Nov. 6 presidential election.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 78 260 13,157
MORTGAGES 103 370 17,128
FORECLOSURE NOTICES 26 62 3,362
BUILDING PERMITS 0 366 30,930
BANKRUPTCIES 74 209 12,552
BUSINESS LICENSES 22 65 4,554
UTILITY CONNECTIONS 88 416 19,309
MARRIAGE LICENSES 27 94 4,003

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