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VOL. 125 | NO. 70 | Monday, April 12, 2010

Home Sales Inch Up in Q1

This past weekend the Memphis Area Association of Realtors hosted a citywide “open house” along with Realtor associations across the country.

Reaching the Unbanked

‘Bank on Memphis’ initiative set in motion

A little more than a week after bankers and finance professionals gathered at City Hall to talk about launching a major financial literacy campaign, that work is getting started.

Commission Looks at Changing Bicycle Rules

Shelby County commissioners vote today on some changes to the local rules for bicycling and the number of false alarms home and business owners get before they have to pay a fine. The meeting begins at 1:30 p.m. at the Shelby County Administration Building, 160 N. Main St. An agenda is on Page 10.

Hope Springs Eternal

Brandon Byrd, a 30-year-old Atoka resident, has been granted a new hearing on his TennCare eligibility, allowing him and his Memphis attorney more time to address the nuances of his case.

NexTek Takes Next IT Wave to the Clouds

Wayne Randall and his NexTek colleagues spend a lot of time working in the clouds.

Local Weather
Currently
Memphis, TN
53.0°F
Mostly Cloudy
Wind: from the Southwest at 16.1 gusting to 25.3 mph
Humidity: 43%

EVENTS

The Tennessee Justice Center and Memphis Area Legal Services Inc. will present a continuing legal education session on handling TennCare today at 3 p.m. at the Cecil C. Humphreys School of Law, 1 N. Front St. For more information, contact Linda Warren Seely at 255-3417 or lseely@malsi.org.

more events »

The Knack

I read “The Knack” recently, a book about being successful as an entrepreneur. It makes the point that no business plan, high-tech equipment, awesome Web site, financial projections or good-looking brochure can substitute for the “knack” you must have to succeed in small business.

Debate Sparks Over Tenn.’s Role In Health Reform

Tennessee’s attorney general doesn’t think it’s possible. Gov. Phil Bredesen is against it.

Charter Commission Tackles Tricky Political Rules

Members of the Metro Charter Commission are getting into some of the thorniest political issues involved in writing the blueprint for a consolidated city and county government.

Shelby County Commission Agenda

The Shelby County Commission will meet today at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Commissioners will take a look at proposed changes to bicycling rules, as well as possible alterations to the existing false alarm law for business owners and homeowners. Click on the icon for a full meeting agenda.

THE MEMPHIS NEWS

The Biggest Spenders

David Simon, chairman and CEO of the nation’s largest public real estate firm, told analysts a few weeks ago during Simon Property Group’s fourth quarter earnings conference call that 2009 was a challenging year. And he doesn’t think 2010 will be much better for the company, which owns two malls in Memphis.

Inside The Priest Files: Documents reveal 50 years of abuse, cover-ups in Memphis diocese

John Doe and his family watched 1999 change to the year 2000 in Memphis.

Political Ramifications Hidden in Census Counts

The once-a-decade U.S. Census count can be an easy target for ridicule, but it’s important for reasons that aren’t always obvious.

‘Madame Butterfly’ Gets Twist in Memphis

Giacomo Puccini’s “Madame Butterfly” is one of the most performed operas in the world, but Opera Memphis’ upcoming production offers audiences who have “been there, done that” new reasons to enjoy it once again.

Tunica’s ’37 Brings Strong Bloodlines to Regional Dining

The mystery behind the name of the restaurant – ’37 – is solved when you learn that 1937 was the year William F. Harrah opened a small bingo parlor in Reno, Nev., and unwittingly gave birth to a worldwide casino and hotel empire that in 2007 earned revenues of $9.78 billion, according to Fortune magazine, and employed 85,000 people.

Calif. Pinot A Fine Blend Of Old, New

In a way, I can understand why so many wines from California seem overwrought and overblown.

STATEWIDE

Corker Optimistic About Financial Overhaul Fate

CHATTANOOGA (AP) - Republican U.S. Sen. Bob Corker says he is optimistic about approval of financial overhaul legislation but worries that the White House is pushing for a bill that is "tilting too much to the left."

Rivals Aim for Haslam's Original $5M Primary Goal

HENDERSONVILLE, Tenn. (AP) - Bill Haslam's main rivals are taking to heart the Knoxville mayor's statement last year that $5 million would be enough to win the Republican gubernatorial nomination.

Grant Money to Help Tenn. Students With Reading

NASHVILLE (AP) - Some of the federal "Race to the Top" education money awarded to the state will be used to address a reading deficiency problem among Tennessee's middle and high school students, state officials said Friday.

NATIONAL BUSINESS

Wholesale Inventories and Sales Both Post Gains

WASHINGTON (AP) - Inventories held by wholesalers rose by a larger-than-expected amount in February while sales increased for the 11th consecutive month.

Ex-Fannie Mae Execs Try to Defend Track Record

WASHINGTON (AP) - Two former Fannie Mae executives said Friday that competitive pressures, combined with the political goal of increasing homeownership, were to blame for the company's decision to back riskier mortgages that fueled the housing bubble.

NAACP Drops Mortgage Lawsuit Against Wells Fargo

CHARLOTTE, N.C. (AP) - The NAACP is ending its lawsuit against Wells Fargo that alleged the bank was forcing blacks into subprime mortgages while whites with identical qualifications got lower rates.

NATIONAL POLITICS

Obama Promises Quick Court Replacement for Stevens

WASHINGTON (AP) - The retirement of John Paul Stevens, the U.S. Supreme Court's leading liberal but a justice who also could find conservative allies, will set off an election-year political battle over President Barack Obama's second high court pick.

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