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VOL. 130 | NO. 20 | Friday, January 30, 2015

Cheesecake Factory Eyeing Wolfchase

The Cheesecake Factory, a wildly popular restaurant chain, is eyeing the Wolfchase Galleria in Cordova for its first Memphis-area location, according to sources with knowledge of the plans.

Wharton Defends, Touts Record at State of the City

Memphis Mayor A C Wharton Jr. defended and touted Thursday, Jan. 29, his administration’s pursuit of the economic development projects that his challengers in the October city elections will likely use to make their case.

Bankruptcies Dip Below 12,000 in 2014

Reflecting a national trend, Shelby County recorded a 7 percent drop in bankruptcies in 2014 compared to the previous year.

Fourth-Quarter Bankruptcies Reflect Continued Drop

Bankruptcies in Shelby County dropped below the 3,000 mark in the last quarter of 2014 after being just above it in the third quarter.

Jobless Rates for Memphis, Shelby County Drop

The unemployment rates for Shelby County and the city of Memphis both fell by about a percentage point in December, according to new figures out today from the Tennessee Department of Labor and Workforce Development.

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Memphis Botanic Garden will host the Incognito Art Gala and Silent Auction Friday, Jan. 30, from 5:30 p.m. to 7:30 p.m. at the museum, 750 Cherry Road. Enjoy drinks, hors d’oeuvres and live entertainment while bidding on 100 original, anonymous works of art by Mid-South artists. Art and ticket sales benefit MBG’s outreach and education programs. Tickets are $25 for members and $35 for nonmembers. Visit memphisbotanicgarden.com or call 901-636-4131.

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100 North Main Seeks Historic Designation

An effort to redevelop a Downtown skyscraper may have received a boost this week. A state board is recommending that the tower at 100 N. Main St. be listed on the National Register of Historic Places, a move that could allow the owner to seek tax credits and grants to redevelop the building.

Wharton Administration No Show At Fairgrounds Forum

No one from the administration of Memphis Mayor A C Wharton Jr. showed up Wednesday, Jan. 28, for a public forum on Wharton’s still-developing plan for the redevelopment of the Mid-South Fairgrounds.


Sports Betting 'Socially Acceptable' on Super Bowl Sunday

The statement seems self-evident. Whether you just fill out an NCAA Tournament bracket in the office pool every year, make a bet on the Super Bowl, or buy the occasional scratch-off lottery ticket.

Gasol An All-Star Starter; Conley, Z-Bo Just As Valuable

Center Marc Gasol has broken through the glass ceiling that forever has hung above Memphis and the Grizzlies.


Tribute to Good and Decent

DRAWING A CROWD. The line started at one end of the big room and wound its way out into the hall.

Become the Complainer, Become the Problem

Have you ever experienced a problem at your job where you were truly in the right? A co-worker or boss did something to you that was either against the law or just ethically wrong. Maybe your boss has a temper, or perhaps you’re being discriminated against in some way.


Almost Half of US Households Exhaust Their Salaries

WASHINGTON (AP) – The Federal Reserve has declared economic growth "solid." But several new reports show most Americans are treading along a dangerous financial tightrope, where one slip could be devastating.

US Unemployment Benefit Applications Plunge to 15-Year Low

WASHINGTON (AP) – The number of people seeking unemployment aid plunged last week to the lowest level in almost 15 years, a sign hiring will likely remain healthy.

McDonald's New CEO Faces Onslaught of Competition

NEW YORK (AP) – McDonald's new boss must feel like a freshly crowned king under siege.


Average US Rate on 30-Year Mortgage Rises to 3.66 Percent

WASHINGTON (AP) – Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels.

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PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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