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VOL. 124 | NO. 9 | Wednesday, January 14, 2009

Building Permits Consistent With ‘08 Doldrums

Stephen Hodgkins, owner of Oaktree Homes LLC and president of the Memphis Area Home Builders Association, traveled to Washington last week with a contingent of builders to present ways the housing market could be repaired.

Q4: the epitome of slow

One a day. That’s about the rate builders started new homes in Shelby County during the fourth quarter of 2008, helping it achieve the dubious distinction of being one of the slowest periods in history for the industry.

Advocates Speculate About Obama and Health Care Benefits

Advocates for universal health care remain hopeful for action this year by Congress even though a stimulus package for the economy is likely to take priority over insurance reform.

Mayor Strikes Back About Private Business Dealings

Memphis Mayor Willie Herenton has hired an attorney, and on the attorney’s advice, is not commenting about corruption allegations reportedly being investigated by a federal grand jury.

House Picks Repub Speaker But Not One GOP Wanted

NASHVILLE, Tenn. (AP) - The Tennessee House has its first Republican speaker in 40 years, but the lawmaker who won did it without the support of the GOP.

Local Weather
Currently
Memphis, TN
55.0°F
A Few Clouds
Wind: Northwest at 5.8 mph
Humidity: 26%

EVENTS

Talk Shoppe will present “Getting Organized: Improving Focus, Organization and Productivity” by Chris Crouch today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3639 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

City, County In Budget Bind

On one side of the government plaza Downtown, there’s already a promise not to raise property taxes next year to compensate for the economic downturn. On the opposite side of the plaza, elected leaders similarly don’t have the votes to support a property tax hike next year – but neither do they have many options for mopping up the red ink in the budget.

Judgeship Applications Due Jan. 21

Members of the Shelby County Board of Commissioners began the process this week of filling one of two judicial vacancies.

Local World Market Stores Closing

The World Market stores that came to Memphis only three years ago are closing.

Bios of GOP Choices For 3 State Constitutional Offices

Legislative Republicans on Monday elected their three nominees for Tennessee’s constitutional offices.

Thornton Receives Glankler Pro Bono Award

Laurie M. Thornton of Glankler Brown PLLC has received the second annual Frank J. Glankler Jr. Pro Bono Award given by James S. Gilliland and the Glankler Brown law firm.

FedEx Freight Offers Next-Day Guarantee

FedEx Corp. reported Tuesday it will offer a money-back guarantee for delivery by 10:30 a.m. the next day through its freight unit.

Corker Says No Regrets Voting Against Auto Bailout

DETROIT (AP) - U.S. Sen. Bob Corker said Tuesday he doesn't regret voting against a bailout for General Motors Corp. and Chrysler LLC last month because he and other Republicans had a plan to help the carmakers succeed.

Tenn. Issues Order in TVA Ash Spill Cleanup

KNOXVILLE, Tenn. (AP) - The state of Tennessee has put the Tennessee Valley Authority on notice that it will get no breaks in its $1 million per day cleanup of the massive coal ash flood from its Kingston power plant.

Citigroup, Morgan Stanley Merge Brokerages

NEW YORK (AP) - Citigroup Inc. and Morgan Stanley agreed Tuesday to combine their brokerages in a deal that shows how much Citigroup wants to slim down and build up cash.

Students Protest Cuts in Higher Education

NASHVILLE, Tenn. (AP) - Students at Tennessee Board of Regents schools protested planned cuts in higher education Tuesday, warning lawmakers they're already burdened with high tuition and won't be able to afford college if more money is slashed from the state budget.

Bernanke: Obama Stimulus Helps, More Action Needed

LONDON (AP) - A mammoth stimulus package being crafted by President-elect Barack Obama could give the economy a much-needed lift, but other steps must be taken to bolster the wobbly financial system and for any recovery to stick, Federal Reserve Chairman Ben Bernanke said Tuesday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 331 19,904
MORTGAGES 80 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 35 231 13,335
BUSINESS LICENSES 28 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 21 94 4,936

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