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VOL. 127 | NO. 192 | Tuesday, October 2, 2012

Council to Vote on Cleaborn Homes

With a vote Tuesday, Oct. 2, the Memphis City Council will change the name of the old Cleaborn Homes public housing development to Cleaborn Pointe at Heritage Landing and the name of the larger south Downtown-into-South Memphis Triangle Noir plan to Heritage Trails.

Daunting Vision

Sears Crosstown redevelopment team acknowledges risk, moves forward

To say the team behind the redevelopment of the nearly 20-year-vacant Sears, Roebuck & Co. Retail and Catalog distribution facility in Midtown’s Crosstown neighborhood has their work cut out for them would be an understatement at best.

Business Workshop to Highlight Execution

Successful businesses, it probably goes without saying, build and execute actionable plans for growth. But to get to that point, they have to be the opposite of those razzle-dazzle professional athletes who are said to have “a million dollar move, and a 10-cent finish.”

Police Corruption Sparks Familiar Political Debate

When he was Shelby County mayor, Memphis Mayor A C Wharton Jr. used to refer to civil service employees he encountered as “we be’s”

Sales Tax to Fund Pre-Kindergarten for County’s Students

Proponents of a countywide half-cent sales tax hike are promising pre-kindergarten access for all children in Shelby County if voters approve the proposed tax hike on the Nov. 6 ballot.

Local Weather
Today
Memphis, TN
73°F
Mostly Cloudy
Wind: 7 mph
Humidity: 73%

EVENTS

Greater Memphis Chamber will host A Conversation With … Dr. Mark Emmert, president of the NCAA, Tuesday, Oct. 2, from 11:30 a.m. to 1 p.m. at Holiday Inn University of Memphis, 3700 Central Ave. The topic is “Is College Sports Broken?” Cost is $35 for members and $40 for nonmembers. R.S.V.P. to Tunga Lee at tlee@memphischamber.com or 543-3571.

more events »

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet Tuesday, Oct. 2, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

REAL ESTATE RECAP

Broadway Pizza Buys Building for East Memphis Expansion

627 S. Mendenhall Road Memphis, TN 38117

LOCAL COLUMNISTS

Wrapping Up Why Memphis Rocks

Since Memphians say it best, when it comes to describing “Why Memphis Rocks,” we have had fun sharing your responses over the last few weeks. This week, as we wrap up the series, let us elaborate with a few more:

REGIONAL

Weeks Before Early Voting, Arkansas Ballot Issue Unsettled

LITTLE ROCK, Ark. (AP) – A proposed ballot measure about casinos remains tied up in court just weeks before early voting begins in Arkansas.

Mississippi Tracks Possible Misuse of Nutrition Program

TUPELO, Miss. (AP) – State officials say 1,705 people in Mississippi were disqualified last budget year from the Supplemental Nutrition Assistance Program for making false claims and improperly taking more than $2.7 million in benefits.

NATIONAL BUSINESS

Huge Tax Increase Looms at Year-End 'Fiscal Cliff'

WASHINGTON (AP) – A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday

Amex Paying $112.5 Million in Late-Fee Settlements

WASHINGTON (AP) American Express Co. is paying $112.5 million in refunds and fines to settle regulators' accusations that it charged unlawful late fees and deceived customers to pressure them to pay off old debts or buy extra credit card services.

NATIONAL GOVERNMENT

High Court Begins New Term With Human Rights Case

WASHINGTON (AP) – The Supreme Court opened its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities.

REAL ESTATE

Builders Boost Housing Spending, Cut Elsewhere

WASHINGTON (AP) – U.S. builders spent more to construct homes in August, further evidence of a housing rebound. Still, the increase couldn’t offset cuts in public projects and commercial real estate.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 182 13,079
MORTGAGES 135 267 17,025
FORECLOSURE NOTICES 15 36 3,336
BUILDING PERMITS 366 366 30,930
BANKRUPTCIES 69 135 12,478
BUSINESS LICENSES 23 43 4,532
UTILITY CONNECTIONS 182 328 19,221
MARRIAGE LICENSES 32 67 3,976

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