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VOL. 125 | NO. 225 | Thursday, November 18, 2010

House Shift Could Change School Funding

As the new Republican majority in the Tennessee House caucuses Thursday in Nashville to decide the race for House speaker, Memphis City Schools (MCS) officials will meet here to talk about what the majority means for a long-time goal of Shelby County Schools.

Broad Ambitions

Residents promote, celebrate Broad Avenue revival

Its title may sound like a Woody Allen movie, but an innovative, two-day street festival in a resurging Midtown neighborhood may draw in new businesses via bike traffic.

Riviana Gets IDB Green Light

Riviana Foods announced a shift in investment for its business model to the Memphis- Shelby County Industrial Development Board Wednesday.

CCDC Votes to Change Downtown Incentives

The Center City Development Corporation (CCDC) acted Wednesday to change its incentives for Downtown development.

Bar Foundation Sets Grant Record

For the Memphis Bar Association and the charitable foundation affiliated with it, 2010 has been a year characterized by service and giving.

Entrepreneurship Week Encourages Idea Generation

This year’s Global Entrepreneurship Week, which runs through the weekend, is remarkable not only for all the local events it has included, but also for the fact that several features will be ongoing.

Bell-Ringers Poised to Begin Holiday Season

Jingle bells and silver bells aren’t the only sounds gearing up for the season.

Pinnacle Decision, Pep Rally Required Collaborative Effort

Howell Marketing CEO Amy Howell has a lot to say in a blog she posted this week about her firm’s deep involvement in media strategy for Pinnacle Airlines Corp.’s decision on a new headquarters location.

‘Mississippi Transplant’ Walker Finds Calling With Law, Giving Back

Memphis lawyer Joe Walker has always loved accounting, tax, trust and estate planning. He sees his chosen career as a science and an art form.

Give Your Windfalls Staying Power

Ray’s Take: It’s windfall season. It’s the time of year when non-routine cash infusions appear as quarterly and year-end bonuses, holiday pay, PTO cash-outs, cash gifts from family, year-end stock sales and so on.

Sometimes It Pays To Be Lazy

A certain World War II general, who shall remain nameless since he fought for the other side, devised an interesting process for evaluating the potential of incoming personnel. Today, it’s good advice for those who desire to advance and prosper in life.


Mortgage Applications Tumble for Week

NEW YORK (AP) – Applications for mortgages to buy homes and to refinance dropped last week as mortgage rates pulled away from historic lows.

Foreclosure Class Actions Pile Up Against Banks

NEW YORK (AP) – Foreclosure-fraud class action lawsuits are starting to pile up against major banks across the country, threatening a besieged industry with billions more in potential losses.

Fannie Mae Says CFO David Johnson Resigning

WASHINGTON (AP) – Government-controlled mortgage buyer Fannie Mae says its finance chief will resign by the end of the year.


Best Buy Joins in the Free-Shipping Fray

NEW YORK (AP) – Best Buy has joined the free-shipping wars, offering the lure on many online orders for the holidays.

Fed Lays Out Details on Risky Trading Ban

WASHINGTON (AP) – A Federal Reserve proposal says banks that want extra time to comply with a law intended to limit risky trading must make a case that it wouldn't endanger the financial system.

Vehicle Fuel Efficiency Up in 2009 Model Year

WASHINGTON (AP) – The Environmental Protection Agency says new cars and trucks sold to U.S. consumers averaged 22.4 miles per gallon in the 2009 model year, an increase over the previous year.

Tame Inflation Gives Fed Ammo for Bond-Buying Plan

WASHINGTON (AP) – Consumer prices barely changed for the third straight month, strengthening the Federal Reserve's hand at a time when it is defending a plan to boost the economy by buying more government debt.

Buffett Thanks Uncle Sam for Helping Economy

OMAHA, Neb. (AP) – Billionaire Warren Buffett wants people to know he thinks the U.S. government performed well during the economic meltdown of 2008.

Bernanke Defends Bond-Buying Plan on Capitol Hill

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke is meeting with lawmakers on Capitol Hill to defend the Fed's $600 billion Treasury bond-purchase plan to rejuvenate the economy.

Target Predicts Happier Holiday Shopping Season

NEW YORK (AP) Target Corp. is projecting a merry holiday as the discounter counts on a 5 percent discount for its credit and debit card customers and its storewide remodeling

Bernanke: Bond-Buying Plan Could Create 700K Jobs

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke told lawmakers on Capitol Hill that the Fed's $600 billion economic aid program could create 700,000 jobs over two years.


Obama Makes Changes to Faith-Based Partnerships

WASHINGTON (AP) — President Barack Obama has signed off on what the White House says are significant improvements to federally funded partnerships between the government and religious-based and neighborhood organizations.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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