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VOL. 127 | NO. 177 | Tuesday, September 11, 2012

August Home Sales up 21 Percent

Home sales in August were up 21 percent year over year, representing the eighth consecutive monthly increase from 2011.

In Remembrance

Events pay tribute to those who made ultimate sacrifice

The Bluff City Tuesday, Sept.11, joins communities across the United States in honoring local firefighters and remembering the nearly 3,000 people who lost their lives in the terrorist attacks that shook the nation 11 years ago on this day.

Workshop Looks To Put Goals Onto One Page

Author, business coach and strategy expert Michael Synk has a metaphor he uses to distill some of the most important elements of what he shares with business owners in need of a focused growth plan.

Luttrell: Merger Process Must Move Faster

Shelby County Mayor Mark Luttrell says the countywide school board isn’t moving fast enough on the transition to the August 2013 merger of Shelby County’s two public school system.

Guilty Plea Raises Questions in Test Cheating Scandal

A multi-state teacher test cheating scandal had been a federal court case with a lot of criminal counts and a lot of initials of paid test-takers for teachers until last week.

Love and Gibson Appointed To Countywide School Board

Shelby County Commissioners appointed Mary Anne Gibson and Oscar Love Monday, Sept. 10, to the countywide school board.

Hagerty Takes Leave For Romney National Campaign

Tennessee Economic and Community Development commissioner Bill Hagerty will take an unpaid leave of absence from state government from Sept. 17 to Nov. 6 to join the Romney-Ryan presidential campaign.

REAL ESTATE RECAP

Wilson Auto Group Affiliate Buys Byhalia Road Acreage

4.9 acres at Tenn. 385, And Byhalia Road -
An entity affiliated with Mississippi-based Wilson Auto Group has bought 4.8 acres at the northwest corner of South Byhalia Road and Tenn. 385 and filed a $5.3 million construction loan for the property.

LOCAL COLUMNISTS

Why Memphis Rocks

Last week we highlighted Special Kids and Families, which is an early intervention agency serving children from birth to 3. Based on the fun and success we had earlier this year with our “What does Memphis mean to you” series of reader-response columns, let us expand on the recent Daily News cover story about our “Memphis Rocks” campaign by asking, “Why do you think Memphis Rocks?”

STATEWIDE

Economic Development Conference Registration Open

NASHVILLE (AP) – Registration is now open for the 59th annual Governor's Conference on Economic and Community Development.

REGIONAL

Metso to Expand in Clarksdale

CLARKSDALE, Miss. (AP)The Metso Corp., a mining, engineering and paper products company, will expand its operation Clarksdale.

NATIONAL BUSINESS

US Consumers Cut Credit Card Use for 2nd Month

WASHINGTON (AP) – Americans cut back on their credit card use in July for the second straight month, suggesting many remain cautious in the face of high unemployment and slow growth.

Oil Prices Fall on Sour Economic News From China

NEW YORK (AP) – The price of oil fell slightly Monday after an unexpectedly weak economic report from China and warnings of a further slowdown.

TECHNOLOGY

GoDaddy Web Outage Takes Out Small-Business Sites

NEW YORK (AP) – Thousands and possibly millions of web sites hosted by GoDaddy.com are down. A hacker is claiming responsibility, but the real reason for the outage is unclear.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 76 166 10,044
MORTGAGES 105 195 13,070
FORECLOSURE NOTICES 0 35 2,573
BUILDING PERMITS 0 154 23,678
BANKRUPTCIES 79 149 9,682
BUSINESS LICENSES 42 51 3,654
UTILITY CONNECTIONS 103 264 14,227
MARRIAGE LICENSES 0 24 3,087

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