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VOL. 127 | NO. 12 | Thursday, January 19, 2012

Suburbs Move Forward on School Districts

If there are suburban school systems in Shelby County and they want to start classes in August 2013, when Memphis City Schools and Shelby County Schools merge, it will be a fast track process – just like the merger the suburbs are reacting to.

Full Text of Schools Feasibility Study Reports

Feasibility studies for the creation of a municipal school district have been released for three of six suburban municipalities – Bartlett, Collierville and Germantown. These are the full reports from Southern Educational Strategies LLC.

Home Away From Home

Alternative lodging provides unique options for travelers to Memphis

While some visitors to the Bluff City prefer soaking in the classic Southern grandeur of The Peabody hotel or staying close to the King in an Elvis-themed suite at the Heartbreak Hotel, other travelers are choosing more intimate accommodations off the beaten path.

Raymond James Welcomes Morgan Keegan to Fla. HQ

The integration of Morgan Keegan & Co. Inc. and Raymond James Financial Inc. isn’t officially under way yet, since the $930 million deal in which Raymond James is buying Morgan Keegan won’t close for several more weeks.

Commission Strife Deepens with Censure, Ouster Moves

A deadlock among Shelby County Commission members on a redistricting plan moved into uncharted and roiling political waters Wednesday, Jan. 18, with a censure resolution and a possible move to oust Sidney Chism as chairman of the body.

Multiple Reasons Behind Drop in Foreclosures

This time last year, Corky Neale was forecasting that the Memphis area had already hit its peak – for the time being – when it comes to foreclosure activity.

Q4 Foreclosures Up 40 Percent

With the arrival of the winter months and the end of 2011, foreclosures in Shelby County rose almost 40 percent between October and December compared with the same period in 2010, new figures show.

Gulotta: Things ‘Falling Into Place for Millington’

If there’s one thing that’s going on right now in the area of economic development in Memphis and throughout Shelby County, it’s change.

MEMPHIS LAW TALK

Divorce Atty. Mason Writes Forensic Accounting Book

Memphis attorney Miles Mason Sr., founder of Miles Mason Family Law Group PLC, wishes he had a better answer for what made him decide to become an attorney.

LOCAL COLUMNISTS

Local Branches Or Online Banks?

Ray’s Take Currently the average interest rate for banks in America is 0.18 percent. That’s not a very compelling number. However, many online banks are paying substantially higher interest rates – as much as 1 percent.

Just Keep Reading

Last July I wrote of Robert Harris’ “Imperium” and “Conspirata,” novels about the life of Cicero. The third of Harris’ trilogy on the Roman lawyer and consul is slated for release this year.

Health Care Presents Unique Legal Issues

Hospitals and their medical staffs work together to satisfy the needs of their patients. As a professional medical team, they strive to provide the best care. But what happens when a doctor leaves one hospital to practice in another – for greener pastures – especially when those pastures are just across the road?

Protect Your Company From Fraud

Bernie Madoff. Enron. WorldCom. These highly publicized instances of fraud might lead some people to believe that fraud happens only in large organizations. However, it’s clear that any organization should be concerned with combating fraud. A 2010 study by the Association of Certified Fraud Examiners found that small organizations are actually disproportionately victimized by occupational fraud, citing the lower likelihood of anti-fraud controls when compared to their larger counterparts.

STATE GOVERNMENT

House Votes to Reinsert Tipton Into Senate Seat

NASHVILLE (AP) – The House has passed a new version of the state Senate redistricting bill that corrects an omission of Tipton County from the Senate plan.

State to Make Trade Mission to China, South Korea

NASHVILLE (AP) – A state trade mission to China and South Korea in April will focus on Tennessee's medical device manufacturers and other health care companies.

Teachers Group Recommends Evaluation System Changes

NASHVILLE (AP) – Teachers who "meet expectations" in their evaluation would be eligible for tenure under changes the Tennessee Education Association is recommending for the state's new teacher evaluation system.

Marrero 'Stunned' by US Senate Draft Effort

NASHVILLE (AP) – Democratic state Sen. Beverly Marrero says she's "stunned" by an online effort to draft her to run for the U.S. Senate this year.

REGIONAL

Renasant Corp.'s Q4 Profit Rises

TUPELO, Miss (AP)Renasant Corp. says fourth-quarter profit rose on the strength of its expansion.

NATIONAL BUSINESS

Rising Factory Output Gives Economy a Lift

WASHINGTON (AP) – U.S. factories are roaring back from the depths of the recession, cranking out more machinery, vehicles and energy.

Zappos, Amazon Sued Over Customer Data Breach

LAS VEGAS (AP) – Online retailers Zappos.com and Amazon.com are being sued in Kentucky by a Texas woman alleging that she and millions of other customers were harmed by the release of personal account information.

NATIONAL GOVERNMENT

House Passes Symbolic Measure Against Debt Hike

WASHINGTON (AP) – Republicans controlling the House have gone on record against President Barack Obama's decision to raise the government's borrowing cap by $1.2 trillion under powers Congress granted him in last year's bipartisan debt agreement.

White House Says Obama's Health Overhaul on Track

WASHINGTON (AP) – President Barack Obama's health care overhaul is on track in many states, the White House asserted Wednesday. But officials said the administration is preparing a federal backstop anyway for states in which opposition to the new law has blocked planning.

SPORTS

Gasol Lead Grizzlies Past Hornets 93-87

NEW ORLEANS (AP) – Marc Gasol likes to think his good basketball genes go beyond his 7-foot-1 stature and even affect his decision-making on the court.

Clanton Lifts Central Florida Over Memphis 68-67

ORLANDO, Fla. (AP)Keith Clanton's three-point play with 4 seconds to go lifted Central Florida over Memphis 68-67 Wednesday night and gave the Knights their first victory over the Tigers in 11 meetings.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 331 19,904
MORTGAGES 0 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 1 232 13,336
BUSINESS LICENSES 0 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 0 94 4,936

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The Memphis News: Business, politics, and the public interest.