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VOL. 125 | NO. 35 | Monday, February 22, 2010

Commission to Limit Adult Businesses

The Shelby County Commission today will take the first of three votes on a city-county ordinance designed to further restrict adult entertainment businesses.

Outlook Unsure

Strong start in January might not hold up, experts say

Last week’s Commercial Property Forecast Summit painted a dour picture of the local real estate market, but the January numbers show that the commercial sector has a detectable pulse – at least for now.

‘Independent’ Not Just a Name To Bank Co-Chair

Like many of their local competitors, the folks who run Independent Bank in Memphis were encouraged by regulators to participate in the federal government’s controversial but arguably necessary financial bailout program.

County Primary Fields Clear Up

The newest candidate for Shelby County mayor is scheduled to talk about his decision later today.

Computer Consulting Firm Hires as It Grows

Don’t tell Service Assurance there’s a Great Recession: The information technology firm has thrived in recent years, hiring 30 people since 2007 and continuing to seek engineers now.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: Northwest at 6.9 mph
Humidity: 44%

EVENTS

The InMotion Orthopaedic Research Center will present another lecture as part of its Quarterly Musculoskeletal Lecture Series today at 5 p.m. at the University of Memphis FedEx Institute of Technology. Richard Coutts will speak on “National Total Joint Replacement Registries.” To register, call 271-0021.

more events »

Shelby County Commission Agenda

The Shelby County Commission will meet today at 1:30 p.m. in the Shelby County Administration Building at 160 N. Main St. Up for discussion today is a resolution that would enhance restrictions on adult businesses, specifically where they could operate. Click on the icon for a full agenda.

THE MEMPHIS NEWS

Little Guys, Big Guys

No one would mistake a local institution like Tri-State Bank for one of Wall Street’s mighty titans of finance, whose recent woes brought the U.S. and world economies to their knees.

Time for Sustained Financial Reform Is Now

The continuing discussions about our nation’s banks are arguably the most critical in the history of capitalism.

Godwin Acknowledges Political Aspect of Crime-Fighting

Memphis Mayor A C Wharton Jr. recently nominated Memphis Police Director Larry Godwin for reappointment. It confirmed that the longest-serving police director during the 18-year tenure of Mayor Willie Herenton has made the transition to a new mayor.

National Artists Featured at Annual Concert

Dance artists from the Northeast and the West Coast will join forces in Memphis in Project: Motion’s third annual concert of featured guests’ works.

Gourmet Sea Bass More Delight Than Moneymaker

One in an occassional series on the signature dishes of local chefs.

Australian Shiraz Goes Well With Earthy Eats

Purists would scoff at the chili I concocted a few days ago.It started with some diced smoked hog jowl that I fried up crisp and then used the rendered fat to sauté chopped onions and garlic. I added diced bell pepper and some leftover grilled flank steak, generous scoops of chili powder, ground chipotle and cumin, let that cook for awhile and then dumped in a large can of diced tomatoes and their juice and a can of pinto beans.

MEMPHIS AREA

UT Med Professor Recognized for Diabetes Research

MEMPHIS, Tenn. (AP) - Dr. Solomon S. Solomon, chief of endocrinology for Memphis Veterans Affairs and a University of Tennessee Health Sciences Center professor of medicine, will be awarded the Southern Society of Clinical Investigation's highest honor.

STATE LEGISLATURE

Democratic State Rep. Ben West Says He's Retiring

NASHVILLE, Tenn. (AP) - State Rep. Ben West Jr. announced Friday that he won't run for re-election this year because he wants to spend more time with his family and pursue other goals.

STATEWIDE

Modest Dip in Childhood Obesity Found in State

JOHNSON CITY, Tenn. (AP) - Researchers at East Tennessee State University say they are encouraged by a modest decline in childhood obesity in the state.

NATIONAL BUSINESS

$3.8B in Stimulus Funds for Welfare Jobs Untouched

ATLANTA (AP) - Desperate though they are to fill gaps in their budgets, more than half the states in the country haven't touched a $5 billion pot of federal stimulus funds meant to find work for welfare recipients.

Low Inflation Gives Fed Room to Keep Rates Down

WASHINGTON (AP) - The Federal Reserve seems likely to keep interest rates at record lows for several more months after news Friday that consumer prices excluding food and energy fell in January.

HEALTH CARE

Premiums Jump 14 Percent on Medicare Private Plans

WASHINGTON (AP) - Millions of seniors who signed up for popular private health plans through Medicare are facing sharp premium increases this year – another sign that spiraling costs are a problem even for those with solid insurance.

NATIONAL POLITICS

Both Sides Take Tobacco Fight to Supreme Court

WASHINGTON (AP) - The Obama administration asked the U.S. Supreme Court on Friday to allow the government to seek nearly $300 billion from the tobacco industry for a half-century of deception that "has cost the lives and damaged the health of untold millions of Americans."

REAL ESTATE

Report: Fewer People Falling Behind on Home Loans

WASHINGTON (AP) - The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 23 71 8,375
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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