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VOL. 124 | NO. 236 | Wednesday, December 2, 2009

Tanner Retires From Congress

John Tanner is retiring from Congress. The 8th District Union City Democrat confirmed reports Tuesday evening that he had decided not to seek re-election in the 2010 elections and was informing Democratic leaders in the House.

Kelsey Goes to State Senate

White Wins GOP Primary For State House 83

Republican Brian Kelsey easily claimed the State Senate District 31 seat Tuesday evening.

Health Care Legislation Could Affect Local Medical Industry

Medical device makers will pick up a $20 billion tab to help cover the cost of insuring more Americans under legislation pending in Congress to overhaul the health care system.

Shelby Pension Fund Value Slips

The value of Shelby County’s pension fund slipped a little in October, breaking a three-month streak of gains as the fund comes back to life from last year’s deep lows.

Update: Wharton CAO Announcement at Hand

Memphis Mayor A C Wharton Jr. appears set to announce his appointment of a chief administrative officer as early as today, with Tennessee Department of Corrections Commissioner George Little as Wharton’s choice.

Local Weather
Currently
Memphis, TN
75.0°F
Overcast
Wind: South at 10.4 mph
Humidity: 46%

EVENTS

Talk Shoppe will present “Home Energy Conservation Federal Tax Credits: Go Green, Save Green” today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

Commission To Interview Ford Replacement Applicants

For the second time in a year, Shelby County Commission members are about to change the makeup of the 13-member body.

U of M’s Raines Appointed To Southern Regional Education Board

Dr. Shirley C. Raines has been appointed to the Southern Regional Education Board by Tennessee Gov. Phil Bredesen. Raines, president of the University of Memphis, will serve a four-year term.

STATEWIDE

Wikipedia Co-Founder Keynote Speaker at Conference

NASHVILLE, Tenn. (AP) - Wikipedia co-founder Larry Sanger will be the keynote speaker at the 27th annual Tennessee Educational Technology Conference that begins Wednesday.

REGIONAL

Hosemann Backs Tupelo Entertainment District

TUPELO, Miss. (AP) - The city of Tupelo is positioned to take advantage of a new state law designed to generate revenue by offering incentives to create entertainment districts.

NATIONAL BUSINESS

Modest but Steady Growth Seen In Economic Reports

NEW YORK (AP) – The economic recovery seems on track for slow but steady gains, after reports Tuesday showed growth in manufacturing activity, construction spending and contracts to buy homes.

AIG Reduces Government Borrowings by $25 Billion

NEW YORK (AP) - American International Group Inc. on Tuesday slashed the amount of money it owes the government by $25 billion, completing a move of two subsidiaries into special holding units ahead of their planned spinoff or sale.

More Consumers Late on Auto Loan Payments in Q3

NEW YORK (AP) - More people were late with their auto loan payments in the third quarter as job losses continued, but amid rising delinquencies there are positive signs for the economy in certain states.

Shopping Center Group Trims Nov. Sales Forecast

NEW YORK (AP) - The International Council of Shopping Centers trimmed its November sales growth forecast on Tuesday as shoppers are falling behind in their holiday buying compared with a year ago.

REAL ESTATE

Construction Spending Edges Up in October

WASHINGTON (AP) – Construction spending posted a tiny increase in October, the first advance in six months, as a surge in homebuilding offset continued weakness in nonresidential construction.

October Pending Home Sales Rise 3.7 Percent

NEW YORK (AP) - The number of homebuyers who signed contracts to buy previously occupied homes rose for the ninth straight month as buyers rushed to take advantage of a tax credit for first-time owners before its original expiration at the end of November.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
MARRIAGE LICENSES 29 121 4,478

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