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VOL. 125 | NO. 46 | Tuesday, March 9, 2010

UPDATE: Fairgrounds Work To Resume

Council Approves With Lingering Concerns About Parking

Demolition work at The Fairgrounds resumes now that the Memphis City Council has greenlighted the idea of a “great lawn” off East Parkway.

Bills Could Help Slow Foreclosures

Sitting lenders down with borrowers in danger of losing their homes to foreclosure is the goal of a pilot program that would be created by pending state legislation.

House Calls

Haslam reminds voters of coming election

Bill Haslam has door-to-door campaigning down to a science of about 60 seconds.

Fairgrounds Jump Start on Council's Agenda

Memphis City Council members will be called on today to jump start the stalled renovation of The Fairgrounds.

Panhandling Restrictions Set For City Council

Memphis City Council members will take the first of three votes today on new ordinances that would restrict panhandling Downtown and ban selling single cans of beer in the area.

Local Weather
Currently
Memphis, TN
65.0°F
Mostly Cloudy
Wind: South at 12.7 mph
Humidity: 56%

EVENTS

The Center City Revenue Finance Corp. will meet today at 9 a.m. at the Center City Commission, 114 N. Main St. For more information, call 575-0540.

more events »

Home Sales Rebound Despite Weather Obstacles

February, the shortest month of the year with only 28 calendar days, is at a natural disadvantage when it comes to home sales.

Millington Businessman Admits to Running Ponzi Scheme

A Millington man pleaded guilty Monday to carrying out a Ponzi scheme that defrauded investors of about $3.5 million.

Six Permits Issued to Airport For Ground Transportation Center

2491 Winchester Road, Memphis, TN 38116, Permit Amounts: $89.5 Million -
Six building permits have been granted to the Memphis-Shelby County Airport Authority to begin work on the airport’s $121 million ground transportation center. The city-county Office of Construction Code Enforcement issued the permits last week.

Astronaut Discusses Future of NASA, Space Flights

The ending of manned space flights by NASA could signal that the United States no longer seeks to lead the world in pushing past technological boundaries, said a former astronaut.

Court Will Decide If NASA Checks Can Continue

WASHINGTON (AP) – The U.S. Supreme Court soon will decide whether to continue to block background checks of low-risk employees at NASA’s Jet Propulsion Laboratory in California.

Funeral Org Pushes for ‘Green’ Burials

The idea of a funeral and burial with no embalming, no metal casket vault and nothing else to stop the decomposition of the body and container is an enduring idea that is getting the “green” tag.

Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. at City Hall, 125 N. Main St. Among the resolutions being discussed today are two that aim to limit the negative effects of panhandlers on Downtown businesses. Click on the icon for a full meeting agenda.

STATEWIDE

State Trying to Tax Hotels For ‘Free’ Breakfasts

NASHVILLE, Tenn. (AP) – The so-called complimentary breakfasts at many hotels in Tennessee have stirred the appetite of state revenue officials.

Tenn. Moves Execution Time Up to 10 p.m

NASHVILLE, Tenn. (AP) - The Tennessee Department of Correction says its executions will now be carried out three hours earlier.

Tenn. Parks Help Rural Communities, Generate $1.5B

KNOXVILLE, Tenn. (AP) - A new study has found that Tennessee state parks generated about $1.5 billion in economic activity in fiscal year 2008-2009, much of that in rural parts of the state.

STATE LEGISLATURE

Wamp Ruffles Bird Lovers

NASHVILLE, Tenn. (AP) - U.S. Rep. Zach Wamp ruffled the normally docile birding community when he said in a recent candidate forum that coal mining is good for the state's feathered flocks.

Steele Says GOP Has 'No Need to Play Boogeyman'

MEMPHIS, Tenn. (AP) - Republican National Committee Chairman Michael Steele said Saturday that he has been the target of the same "kind of stupidity" featured in a recent fundraising pitch to top GOP fundraisers in Florida.

Third District Congressional Race Now Has Democrat

CHATTANOOGA, Tenn. (AP) - There is finally a Democrat in the race for Tennessee's 3rd District congressional seat.

NATIONAL BUSINESS

Economy 101: Hiring Index Nears Turning Point

WASHINGTON (AP) - An index that measures the breadth of hiring among private industries is nearing a turning point that could signal consistent job gains.

AIG Sells Alico Unit to MetLife for $15.5 Billion

CHARLOTTE, North Carolina (AP) - American International Group Inc. said Monday it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.

NATIONAL POLITICS

Obama's Health Care Pitch to Democrats: Trust Me

WASHINGTON (AP) - In private pitches to Democrats, President Barack Obama says he will persuade Congress to pass his health care overhaul even if it kills him and even if he has to ask deeply distrustful lawmakers to trust him on a promise the White House doesn't have the power to keep.

HEALTH CARE

Seniors Pinched by New Charges for Home Care Help

WATERBURY, Conn. (AP) - Rising property taxes, failing eyesight and even a tumble that cracked her tailbone haven't forced 89-year-old Angeline DiBeneditto from the home she's had for more than six decades.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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