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VOL. 125 | NO. 36 | Tuesday, February 23, 2010

Council Delays MED Vote

Approves 30-10-10 MCS Funding Plan

Memphis City Council members have delayed a vote on $2 million in emergency funding for The Regional Medical Center until April.

Negative Absorption Dings Market

The strength of Memphis’ commercial real estate market is its industrial sector, but the city’s bread and butter suffered a rare misstep in 2009, the most recent data show.

Bedside Matter

Bed tax could be MED’s magic pill

A year ago, Kent Williams came to The Regional Medical Center at Memphis. He wasn’t a patient, but some doubted how long his political life would last.

Discount Rate Hike A Good Sign For Economy

The era of billion-dollar bailouts and an economy stuffed to the gills with money virtually created out of thin air is drawing to a close.

Council to Talk About Panhandling Ordinance

The Memphis City Council will debate new panhandling regulations in committee meetings this morning.

Local Weather
Currently
Memphis, TN
75.0°F
Mostly Cloudy
Wind: South at 13.8 mph
Humidity: 52%

EVENTS

The Memphis Rotary Club will meet today at noon at the University Club of Memphis, 1346 Central Ave. Memphis Mayor A C Wharton Jr. will speak. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Ford Prison Transfer Follows Attorney Change

Former state Sen. John Ford likely won’t have a lot to say if he’s called to testify during a Memphis federal trial next month, his attorney said in a recent court filing.

Jackson Brings ‘Balanced Leadership’ to Mayor’s Race

The surprise candidate in the race for Shelby County mayor said Monday he had been considering a bid for the job for the past 10 years.

Memphis College of Art Buys South Main Building

477 S. Main St., Memphis, TN 38103, Sale Amount: $400,000 -
The Memphis College of Art has bought the 49,025-square-foot warehouse at 477 S. Main St. in the South Main Historic Arts District, where it will house its graduate school.

NATIONAL POLITICS

Obama Puts Forth Last-Ditch Health Care Plan

WASHINGTON (AP) – Making a last-ditch effort to save his health care overhaul, President Barack Obama on Monday put forward a nearly $1 trillion, 10-year compromise that would allow the government to deny or roll back egregious insurance premium increases that infuriate consumers.

REGIONAL

Mississippi Casino Revenues up in January

JACKSON, Miss. (AP) – Mississippi's state-licensed casinos reported January revenues of $193.2 million, up about $8.3 million from December.

Analysis: Local Projects Dominate Arkansas Session

LITTLE ROCK, Ark. (AP) – Legislative leaders wanted to keep Arkansas' first fiscal session short, sweet and focused on the state's budget. But, even in an abbreviated session, they're learning that there's always room for pork.

Lawmaker Seeks Cut to Ark. Lieutenant Gov's Office

LITTLE ROCK, Ark. (AP) – A state lawmaker wants to cut the budget for Lt. Gov. Bill Halter's office and lay off all but one of his staffers.

NATIONAL BUSINESS

Study: 2010 Big Employer Health Costs Rise 6.5 Percent

INDIANAPOLIS (AP) – A new study says health care costs for large employers will rise more than 6 percent this year, and more companies are thinking about revamping their benefits.

Yellen: Low Rates Needed to Feed Recovery

WASHINGTON (AP) – Record-low interest rates are still needed to foster the economic recovery and to relieve high unemployment, a Federal Reserve official said Monday.

Toyota Faces Federal, Congressional Probe

WASHINGTON (AP) – Facing tough questions in Congress, Toyota Motor Corp. said Monday that federal prosecutors have launched a criminal investigation into the company's safety problems and the Securities and Exchange Commission was probing what the automaker told investors. Lawmakers pledged to ask executives about internal documents showing that Toyota visited with regulators who "laughed and rolled their eyes in disbelief" over safety claims.

Oil Rises Above $80

NEW YORK (AP) – Oil prices rose above $80 a barrel Monday as investors expect the U.S. central bank to keep interest rates near zero to help fuel economic growth – which would boost crude consumption. Prices also were propped up by a festering refinery strike in France.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 69 2,404
MORTGAGES 83 83 2,977
FORECLOSURE NOTICES 4 4 481
BUILDING PERMITS 97 97 5,100
BANKRUPTCIES 44 44 1,823
BUSINESS LICENSES 26 26 922
UTILITY CONNECTIONS 29 29 1,041
MARRIAGE LICENSES 13 13 356

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