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VOL. 125 | NO. 223 | Tuesday, November 16, 2010

Stamson and Johnson Resign from Election Commission

Two Shelby County Election Commissioners – Steve Stamson and James Johnson – have resigned following a legal opinion from the Shelby County attorney, who said because they are county government retirees they can’t collect their pensions while serving on the five-member body.

Down the Wall for Special Olympics

Clinton Smith of Cordova rappels down the side of White Station Tower on Saturday as part of a Special Olympics Over the Edge fundraising event. More than 50 people participated in the event, each having raised a minimum of $1,000 in pledges to qualify for the 23-story rappel. Funds raised will support Special Olympics Greater Memphis’ year-round sports training and athletic competition for more than 4,000 children and adults with intellectual disabilities.

Building Permits Hold Steady

Shelby County homebuilders filed 49 permits last month, a 2 percent increase over the same period a year ago, according to real estate information company Chandler Reports.

Ware’s Political Future in Balance

Memphis Mayor A C Wharton Jr. opened the city’s newest auto inspection station Monday.

Brandon, CBU Partner to Promote Financial Literacy

E. Denby Brandon Jr. has worked for decades as a certified financial planner.

Local Weather
Currently
Memphis, TN
52.0°F
A Few Clouds
Wind: Northeast at 10.4 mph
Humidity: 53%

EVENTS

The Memphis Rotary Club will meet Tuesday at noon at the University Club of Memphis, 1346 Central Ave. Shelby County Mayor Mark Luttrell will speak. Cost is $18 per person. Advanced reservations are required. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Girl Scouts Heart of the South Buys White Station Property

717 S. White Station Road, Units A, B and C, Memphis, TN 38117, Sale Amount: $1.8 Million -
Girl Scouts Heart of the South has bought three units in 717 White Station Condominiums from PPM XI LP for $1.8 million. The deal closed Nov. 5.

Are Salespeople Born or Made?

“Are salespeople born or made?” It’s an age-old question for sales organizations. In my view, salespeople can be made. Selling skills can be learned, but the learning curve is shorter for candidates with key character traits.

NATIONAL BUSINESS

Retail Sales Rise is Led By Higher Auto Purchases

WASHINGTON (AP) – A surge in auto purchases helped lift retail sales in October by the largest amount in seven months. But excluding autos, retail sales rose more modestly.

Credit Card Writedowns Continue Decline in October

NEW YORK (AP) – The ability of credit card holders to pay off debt has shown sustained improvement this year and on Monday the top U.S. credit card issuers said that trend continued in October.

NATIONAL POLITICS

Hobbled Dems, Eager GOP Back for Lame-Duck Session

WASHINGTON (AP) – Dejected Democrats and invigorated Republicans returned to the Capitol Monday to face a mountain of unfinished business and greet more than 100 mainly Republican freshmen-elect lawmakers determined to change how they do that business.

Debt Panel Head: Congress Must 'Face Up' to Issue

WASHINGTON (AP) – The co-chairman of President Barack Obama's deficit reduction commission says Congress has to "face up" to a red-ink problem that threatens America's future.

White House, GOP Look for Middle Ground on Taxes

WASHINGTON (AP) – The White House and Republican lawmakers set the terms for a looming tax debate Sunday, coalescing around a possible temporary extension of existing income tax rates that would protect middle class and wealthy Americans from sharp tax increases next year.

GOP Economists Criticize Fed's Bond-Purchase Plan

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke's plan to rejuvenate the economy by having the Fed buy $600 billion in Treasury bonds is coming under renewed attack – this time from fellow Republican economists.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 405 5,939
MORTGAGES 141 492 7,092
FORECLOSURE NOTICES 0 85 1,115
BUILDING PERMITS 0 845 12,430
BANKRUPTCIES 39 255 4,343
BUSINESS LICENSES 49 184 2,363
UTILITY CONNECTIONS 0 138 2,518
MARRIAGE LICENSES 31 108 1,235

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