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VOL. 124 | NO. 201 | Tuesday, October 13, 2009

Mortgage Numbers Down But Rising

Keith Barger, an executive vice president at Patriot Bank, said the Millington-based community bank has considered itself blessed throughout 2009.

New Firm Sought In Lender Action

Memphis and Shelby County governments are looking for a new law firm to represent them in a potentially high-profile lawsuit they’re planning against a group of national mortgage lenders.

Mayoral Hopefuls Make Last-Minute Play for Votes

Jerry Lawler is pitching his campaign for mayor from interstate overpasses and a wrestling ring he’s set up in the parking lots of the city’s shopping centers.

Courthouse Marks 100 Years Today

The Shelby County Courthouse celebrates its centennial today.

Airport Authority Preps for New Facility

The Memphis-Shelby County Airport Authority has filed a $135 million building permit for its new parking garage and rental car facility slated to be built in front of Memphis International Airport where the existing parking structure sits.

Local Weather
Currently
Memphis, TN
84.0°F
A Few Clouds
Wind: Calm mph
Humidity: 55%

EVENTS

Allan J. Katz will host “Strategic Sales and Marketing Seminar” today from 7:30 a.m. to 9:30 a.m. at Parmaster Golf Centers, 888 S. White Station Road. Katz is the chief executive officer of Momentum Marketing Institute. The event is free and limited to 35 guests. To register, call 844-3566 or visit www.profit-orstopit.com/register.

more events »

Halbert Files Ethics Complaint Against Deputy City Atty.

Memphis City Councilwoman Wanda Halbert has filed complaints with the state disciplinary board for lawyers against Deputy City Attorney Veronica Coleman-Davis and a private attorney working for the city.

Gene Research Co. Launches Contest

In academic research, the basic truth of not perishing – or staying employed – is to publish in quality peer-reviewed journals. The same holds true for Memphis-based Computable Genomix’s business model.

Memphis College of Art Files Loan to Build Residence Hall

139 N. Barksdale St., Memphis, TN 38104, Loan Amount: $3.1 Million -
Memphis College of Art has filed a $3.1 million construction loan through First Tennessee Bank NA to build a 24,000-square-foot, four-story residence hall at 139 N. Barksdale St. south of the college’s Overton Park campus in Midtown. The loan closed Oct. 1.

THE MEMPHIS NEWS

Taking Off

Aviators attain flight and control the movements of their aircraft by precisely balancing the forces of lift, thrust, drag and gravity. The people piloting the aerotropolis initiative – the promotion of Memphis’ economy focused on the airport, other transportation assets and the connectivity among them – are negotiating their own set of physics in hopes of becoming airborne.

Make the Aerotropolis Moniker Count

We really care what others think of us.

Building America’s Aerotropolis – It’s the Right Growth

Tom Schmitt chairs the Greater Memphis Chamber’s board of directors and is president and CEO of FedEx Global Supply Chain Services.

Private Insurance Best When Worst Happens

Parkhurst is a member of the National Association of Health Underwriters and the president of Jerry Parkhurst & Associates in Collierville.

Zoo’s Latest Jewel Opens to Public

Wide open spaces and a trio of mountain mammals comprise the Memphis Zoo’s newest expansion exhibit, Teton Trek, a tribute to Yellowstone National Park in Wyoming. The $16 million exhibit will open to the public Saturday.

STATEWIDE

UT Trustees Approve Buying Land For Solar Plant

NASHVILLE (AP) – Trustees at the University of Tennessee have approved the acquisition of 200 acres in West Tennessee to house a solar power generation plant and educational center.

Burn Permits Needed Beginning Oct. 15

NASHVILLE, Tenn. (AP) - The middle of October brings about the need for property owners to get permits for any outside burning of brush or debris.

Ralph Stanley's Memoirs Due Out Oct. 15

NASHVILLE, Tenn. (AP) - Bluegrass legend Ralph Stanley has written his memoirs that include stories about performers Bill Monroe, George Jones, Dwight Yoakam, Porter Wagoner, Lester Flatt and Earl Scruggs.

NATIONAL BUSINESS

Job Data to Show Stimulus Aided Teachers, Laborers

WASHINGTON (AP) - President Barack Obama's stimulus plan spared tens of thousands of teachers from losing their jobs, state officials said Monday amid a nationwide effort to calculate the effect of Washington's $787 billion recovery package.

Cities Lag in Preparations for High-Stakes Census

WASHINGTON (AP) - With the 2010 census looming, major U.S. cities whose residents are at high risk of being missed are struggling with a shortage of money and manpower to prepare for an accurate count.

Insurance Industry Assails Health Care Bill

WASHINGTON (AP) - Insurance companies aren't playing nice any more on the health care overhaul.

Student Loan Company Opposes Obama-Backed Reforms

LINCOLN, Neb. (AP) - The president of one of the nation's largest student loan companies said it will survive even if the government ends subsidies for private lenders as proposed by President Barack Obama.

Data and Contacts Vanish from Sidekick Phones

NEW YORK (AP) - Owners of Sidekick phones may have lost all the personal information they put on the device, including contact numbers, because of a failure of servers that remotely stored the data.

NATIONAL POLITICS

GOP Uses ACORN to Fight Bank Redlining Law

WASHINGTON (AP) - Conservative Republicans are capitalizing on the troubles of community activist group ACORN – ranging from charges of voter registration fraud to embarrassing videos of its employees – to revive their long-standing fight against a federal law that grades banks on their investments in poor and minority neighborhoods.

Job Losses Mar Recovery, Create Woes for Dems

WASHINGTON (AP) - A distressed economy is widely blamed for President George H.W. Bush's re-election defeat in 1992, and a decade earlier, for the loss of 26 House seats in midterm elections by Ronald Reagan's Republicans. Yet in both instances recession had already ended or was winding down.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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