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VOL. 125 | NO. 10 | Friday, January 15, 2010

2009 Bankruptcy Filings Up 2 Percent

While he was at a free legal clinic last week, Memphis bankruptcy attorney Bruce Ralston struck up a conversation with a woman whose background would have made her a hot commodity once upon a time.

Q4 Bankruptcy Filings Drop 6 Percent

The fourth quarter of 2009 didn’t hold to the pattern of an uptick in bankruptcy filings in West Tennessee as was the case for the year as a whole, according to The Daily News Online, www.memphisdailynews.com.

Appeals Court Ruling Raises More School Funding Issues

In the 19 months since the Memphis City Council voted to cut funding to the Memphis public school system, much has changed beyond the borders of the legal issue it raised and the lawsuit it prompted.

Sale Could Bring Improvements To Bella Vista

Like many projects companies launched before the recession hit, the plan for rejuvenating the 432-unit Bella Vista Apartment Homes in Hickory Hill began with such promise.

‘Bottle Bill’ Supporters Hope 2010 is Ripe for Passage

Supporters of a Tennessee “bottle bill” that would reward people monetarily for picking up the containers are pitching the initiative as a job creator this time around.

Local Weather
Currently
Memphis, TN
44.0°F
Fair
Wind: Northwest at 9.2 mph
Humidity: 71%

EVENTS

The Mid-South Peace and Justice Center will hold a gala and banquet celebrating its 28th anniversary today from 6 p.m. to 8 p.m. at Bridges, 477 N. Fifth St. Daphene R. McFerren, director of the Benjamin L. Hooks Institute for Social Change at the University of Memphis, and Dr. Ken Reardon, director of the graduate program in City and Regional Planning at the University of Memphis, will be the keynote speakers. Cost is $35 per ticket and $270 for a table of eight. For tickets, call 725-4990 or 800-838-3006.

more events »

MEMPHIS AREA

US Ups Ante On Haitian Assistance; Memphians Chip In

WASHINGTON (AP) – President Barack Obama said Thursday that “one of the largest relief efforts in our recent history” is moving toward Haiti as he continued to mobilize the U.S. response to the island’s devastating earthquake.

Long-Running Antiques Show Postponed in Memphis

MEMPHIS, Tenn. (AP) - A long-running antiques show in Memphis has been postponed indefinitely this year because of a lack of vendors.

STATE LEGISLATURE

Cohen Applauded by Pro-Pot Activists

WASHINGTON (AP) - Tennessee Rep. Steve Cohen acknowledged feeling a little lonely as he addressed a crowd of self-described pot smokers just off Capitol Hill.

Bredesen K-12 Plan Headed to Full Senate

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen's proposal to require up to half of teacher evaluations and tenure decisions to be based on student achievement data is headed to the full Senate for a vote.

Herron Hires Veteran Operative for US House Bid

NASHVILLE, Tenn. (AP) - State Sen. Roy Herron has hired veteran political operative Carol Andrews as a senior adviser to his campaign to succeed fellow Democrat John Tanner in Congress.

Rep. Campfield Ordered to Return Renter's Deposit

KNOXVILLE, Tenn. (AP) - A Knox County judge has ordered state Rep. Stacey Campfield to return a security deposit to the former renter of one of Campfield's properties.

REGIONAL

Miss. Legislators Getting Impatient with Toyota Delay

JACKSON, Miss. (AP) - Some Mississippi legislators are becoming impatient about the interest payments Toyota Motor Corp. is expected to make on money the state borrowed to bring a $1 billion car plant in Blue Springs.

REAL ESTATE

Record Year for Foreclosures as Unemployment Rises

MIAMI (AP) - A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages.

NATIONAL BUSINESS

Retail Sales Sink, Jobless Claims Rise

Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.

Obama Tells Banks: 'We Want Our Money Back'

WASHINGTON (AP) - President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. "We want our money back," he said.

Bernanke Makes Case for Fed Keeping Banking Powers

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke waged a fresh battle against Senate efforts to strip the Fed from banking supervision.

Holder Defends Pursuit of White-Collar Criminals

WASHINGTON (AP) - Attorney General Eric Holder on Thursday told a panel studying the U.S. financial crisis that combating white-collar crimes is "a real priority" for the government, even if it bumps up against another urgent mission, combatting terrorism.

Geithner Will Testify on Secretive Bailout Deals

WASHINGTON (AP) - U.S. Treasury Secretary Timothy Geithner is set to testify before a House probe into his role in deals that sent billions of bailout dollars to Goldman Sachs Group Inc. and other big banks.

Bonus Comeback: Bailout, Lobbying Boost Bank Pay

NEW YORK (AP) - The fat cats were supposed to get their comeuppance.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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