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VOL. 125 | NO. 250 | Monday, December 27, 2010

"New Day" at Downtown's One Commerce Square

Downtown Memphis got an early Christmas present in the form of ownership of One Commerce Square officially changing hands in the wake of Pinnacle Airlines Corp. signing a lease at the tower earlier this month.

Moving Forward

Commercial market struggles, but year closes on high note

As the commercial real estate market remained soft in 2010, a handful of major deals – including some to close the year – indicated light at the end of the tunnel.

2010 Year of Changes for Financial Services Industry

From the high finance of Wall Street to the Main Street banks in Memphis that make loans and collect deposits, no corner of the financial services industry was spared from dramatic changes in 2010.

United Housing Helps Prospective Homeowners Realize Goals

Three years and 50 houses.

Fundraising, Economic Woes Dominate Nonprofits

Although most of the Mid-South’s more than 3,000 nonprofit organizations made cost-cutting changes in 2010, many continued to struggle through the challenges of a prolonged economic downturn.

Local Weather
Currently
Memphis, TN
47.0°F
Overcast
Wind: South at 5.8 mph
Humidity: 97%

EVENTS

The Memphis Bar Association will present a Last-Minute “Buy the Hour” seminar Dec. 30 from 8:30 a.m. to 4:35 p.m. at Calvary Church, 102 N. Second St. The seminar is worth six hours of continuing legal education credit. For a full list of sessions and speakers or to register, call 527-3573 or visit www.memphisbar.org.

more events »

MCS Board Argues 'Dots' Before Approving Surrender Minutes

Thursday evening’s special meeting was called by board members who wanted to leave no room for error in the move to a citywide referendum on the charter surrender. A copy of the resolution had already been delivered to the Shelby County Election Commission.

Chism: Transition to New School System Should Be Quick

If voters approve a Memphis City Schools charter surrender, Shelby County Commission chairman Sidney Chism wants a quick transition to a new countywide system.

Johnson, Eyewear Gallery Focus on Providing Difference in Care

Dr. Warren Johnson went into optometry because he enjoyed helping people on a one-on-one basis.

We’re Making Money But Have No Money

When a banker asked a business owner about positive cash flow the response was, “Yes, I am positive I have no cash.” Sustaining positive cash flow is the No. 1 problem for small businesses. It has been said the term “undercapitalized small business” is redundant.

A Resolution to Restore Pride

Last week, we discussed ways to communicate through art and leverage our city’s cultural assets to provide a unique experience while giving back. As we start to form our resolutions and prepare for the New Year, this week I would like to offer a suggestion that could have profound impact on our community.

THE MEMPHIS NEWS

Retail Rebound?

Retail sales are looking bright this year, a sign that the pendulum of consumer confidence is swinging back in the right direction.

Current School Debate Brings Host of Issues

Creating an all new school system from the ground up is the way to go. No transition. No figuring out how to keep the day-to-day operation consistent for kids.

‘Roam’ through this Buckman Exhibit

Aperfectly matched duet of sculpture and painting will open the Buckman Performing and Fine Arts Center at St. Mary’s Episcopal School with a new year’s exhibition at the Levy Gallery, where viewers can expect imagery of a physical and metaphorical journey.

When One Door Closes, Another Opens for Vaughn

“By Jan. 2, there will no vestige of Grace,” said Ben Vaughn.

Rustic Italian Wine’s Elegance Belies Name

I don’t know why the Nino Franco Rustico Prosecco is called Rustico – “rustic” – because as Proseccos go it’s among the more elegant.

MEMPHIS AREA

Lawsuit Against Helmet Manufacturer Moves Forward

MEMPHIS (AP) — An appeals court has ruled the federal court in Memphis must reconsider a dismissed lawsuit against a motorcycle helmet manufacturer.

STATEWIDE

Tenn. Traffic Fatalities Rise, Reversing Trend

NASHVILLE (AP) – Tennessee traffic fatalities this year already have exceeded those of 2009, reversing a three-year trend.

NATIONAL BUSINESS

Economy Brightens as Consumers Spend, Layoffs Slow

WASHINGTON (AP) — Economic reports Thursday suggest employers are laying off fewer workers, businesses are ordering more computers and appliances, and consumers are spending more confidently.

IRS Says Tax Changes Will Cause Some Filing Delays

WASHINGTON (AP) – The Internal Revenue Service says some taxpayers will have to wait until mid- to lat- February to file their returns due to changes in the law approved by Congress in its lame-duck session.

As Christmas Nears, UPS' Peak Day Shows Growth

NEW YORK (AP) — For UPS, it's beginning to look a lot like a normal Christmas.

NATIONAL POLITICS

Obama to Re-Nominate Nobel Prize Winner to Fed

WASHINGTON (AP) – President Barack Obama will resubmit the failed nomination of a Nobel Prize-winning economist to the Federal Reserve, even though he faces even stronger opposition from the next Congress.

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Blog News, Training & Events
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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