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VOL. 124 | NO. 21 | Monday, February 2, 2009

Beale, Lee’s Landing Battles Continue

Once upon a time there was talk of a change in the management of the Beale Street entertainment district. And for a rare moment in November, it seemed that all of the many sides that have some role in the running of Beale Street were about to agree to it.

Foreclosure Task Force Ramps Up Efforts

Poor weather might have kept some people from attending last week’s gathering of the Mortgage Relief Efforts task force, but the group’s vision for fighting the foreclosure problem in Memphis grows clearer with each meeting held and each milestone achieved.

The MED to Benefit From SCHIP Bill

The bill passed Friday by the U.S. Senate reauthorizing the Children’s Health Insurance Program also makes permanent the ability of the Regional Medical Center at Memphis to continue to be reimbursed by Arkansas and Mississippi for treating the uninsured from those states.

ABA President to Address Memphis’ Foreclosure, Credit Crisis

H. Thomas Wells, the president of the American Bar Association, will speak today beginning at 2 p.m. at Memphis Area Legal Services, 109 N. Main St., Suite 200.

Family Business Scrubs Floors For American Dream

Patricia S. Haddad started out with just a scrub brush when she began her cleaning service in 2002, but now her business has specialized to the point that she uses a cleaning system specifically designed for tile and grout.

Local Weather
Currently
Memphis, TN
86.0°F
Mostly Cloudy
Wind: Variable at 3.5 mph
Humidity: 61%

EVENTS

The Engineers’ Club of Memphis Inc. will hold its weekly meeting and luncheon today at 11:30 a.m. at the Holiday Inn–University of Memphis, 3700 Central Ave. Vic Young of Fisher & Arnold Inc. will present “View All West Tennessee as – Builds, Contours, Utilities, and High Resolution Aerials on Your Laptop or PC. Made So Easy an Engineer Can Do It.” Cost is $14. No reservations are required.

more events »

US Economy Shrinks at 3.8 Percent Pace

WASHINGTON (AP) – The U.S. economy shrank at a 3.8 percent pace at the end of 2008, the worst showing in a quarter-century, as the deepening recession forced consumers and businesses to throttle back spending.

Davis Won't Make Tenn. Gubernatorial Bid in 2010

NASHVILLE, Tenn. (AP) - Democratic U.S. Rep. Lincoln Davis announced Thursday he won't run for Tennessee governor in 2010.

Tuition Cap Stays For Now at UT

KNOXVILLE, Tenn. (AP) - A proposal to eliminate a cap on tuition payments at the University of Tennessee has been shelved for the time being.

Obama Hails Passage of Children's Health Insurance

WASHINGTON (AP) - The White House says President Barack Obama could sign a bill providing government-sponsored health care to roughly 4 million uninsured children as soon as next week.

Feds Allege Plot to Destroy Fannie Mae Data

HAGERSTOWN, Md. (AP) - A fired Fannie Mae contract worker pleaded not guilty on Friday to charges he planted a virus designed to destroy all the data on the mortgage giant's 4,000 computer servers nationwide, according to federal prosecutors.

Arrested Memphis Police Officer Resigns

MEMPHIS, Tenn. (AP) - A Memphis police officer has resigned the day after he was arrested on criminal charges.

Duke Brings Merchandising to Wal-Mart Leadership

LITTLE ROCK, Ark. (AP) - When he assumes the top job at Wal-Mart Stores Inc. Sunday, Mike Duke plans to keep pushing for ecological sustainability.

Weekly Snapshot

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 22 103 1,461
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658
BUSINESS LICENSES 0 143 3,091
UTILITY CONNECTIONS 24 152 3,402
MARRIAGE LICENSES 38 158 1,846

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