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VOL. 124 | NO. 249 | Monday, December 21, 2009

UPDATE: Moore Is Upset Choice For County Commission

A retired IBM executive who decided to take a political leap at the last minute is the newest Shelby County Commissioner.

Mixed Signals Remain for Local Banking Industry

The old proverb about the fear of dismounting a tiger – once you’re riding one, you can’t hop off without becoming easy prey for the beast – seems applicable to the banking industry at the moment.

School Consolidation Nixed in Charter Talks

Consolidating the Memphis and Shelby County public school systems is off the table as far as the Metro Charter Commission is concerned.

Flintco Plays Major Role in Reshaping Airport

The Flintco Cos. Inc. doesn’t operate aircraft or transport cargo, but the Tulsa, Okla.-based company is leaving an indelible imprint on Memphis International Airport.

Doctors Bring Clinic, Gelato Bar Downtown

This is the story of two doctors squeezing life back into a dead storefront.

Local Weather
Currently
Memphis, TN
46.0°F
Overcast
Wind: Southeast at 6.9 mph
Humidity: 89%

EVENTS

The Shelby County Commission will meet today at 1:30 p.m. at the Shelby County Administration Building, 160 N. Main St. For more information, call 545-4301.

more events »

Shelby County Commission Agenda

The Shelby County Commission will meet today at 1:30 p.m. at the Shelby County Administration Building, 160 N. Main St. Among the resolutions being discussed is a capital improvement plan for the Agricenter International. For a full meeting agenda, click the icon.

THE MEMPHIS NEWS

Joint Venture

Charles Redden remembers getting the call in April.

Ethics Sanctions Must Be Followed By Full Disclosure for Maximum Deterrence

In some ways, the rules by which Smith & Nephew and the other orthopedics giants must abide are more exacting than the ones for local elected officials.

Avery Looks Past Interim Post to Long-Term Challenges

We last talked with Shelby County Commissioner Joyce Avery when she began her one-year tenure as chairwoman of the commission in September.

GPAC Youth Symphony Orchestra to Present Debut Concert

The Germantown Performing Arts Centre (GPAC) regularly presents world-class musicians, but never have so many of them been unable to vote or buy alcohol. The newly formed GPAC Youth Symphony Orchestra (GYSO), comprised of 15- to 19-year-olds, makes its debut concert on Sunday.

Pizze Stone Latest Restaurant to Call 1545 Overton Park Ave. Home

All buildings have histories; some have souls.

Try Lively Italian Reds For Winter Warmth

OK, forget everything I said about needing white wines even in chilly weather. Ol’ Man Winter has gotten serious; the water in the dogs’ bowl outside bore a skim of ice this morning. We need serious stimulation and fortification in food and wine.

STATEWIDE

Funding Board Sets Low Tenn. Revenue Estimates

NASHVILLE, Tenn. (AP) - The Tennessee State Funding Board on Friday agreed to a range of revenue estimates that dips below the predictions of economists previously consulted by the panel.

STATE LEGISLATURE

Tenn. Democrat Lincoln Davis Plans to Run in 2010

NASHVILLE, Tenn. (AP) - U.S. Rep. Lincoln Davis said he will run again, unlike two Democratic congressional colleagues who have decided against seeking re-election in Tennessee districts that Republicans are eager to take in 2010.

Black Joins Race to Succeed Gordon in Congress

NASHVILLE, Tenn. (AP) - Republican state Sen. Diane Black of Gallatin announced Thursday she is joining the race to succeed Democratic U.S. Rep. Bart Gordon.

REGIONAL

Arkansas Unemployment Rate Drops to 7.4 Percent

LITTLE ROCK, Ark. (AP) - Arkansas' unemployment rate dipped slightly in November to 7.4 percent – the result of fewer layoffs and a jump in retail jobs because of the start of the holiday shopping season, the state reported Friday.

NATIONAL BUSINESS

Shoppers, Wary of Credit Cards, Get Creative

NEW YORK (AP) - Shoppers are doing all they can to keep their credit cards in their wallets this holiday season.

REAL ESTATE

National Foreclosure Backlog Estimated at 1.7M

WASHINGTON (AP) – About 1.7 million homeowners were on the verge of foreclosure in the fall, a looming “shadow inventory” of homes that will be put up for sale in the coming years and weigh down prices, according to a report released late last week.

Fannie, Freddie Suspend Foreclosures

WASHINGTON (AP) - Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures and evictions for about two weeks in a temporary break for borrowers during the holiday season.

NATIONAL POLITICS

Wrap-Up Bill Clears Senate Hurdle

WASHINGTON (AP) - A pre-holiday package that wraps up Pentagon spending, extended unemployment benefits and other must-pass measures awaits one final vote in the Senate before it reaches President Barack Obama's desk for his signature.

On the 12th Day of Christmas...

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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