» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation Links
VOL. 126 | NO. 80 | Monday, April 25, 2011

Event Planners Brace for Rising River, Outdoors Inc. Race Permanently Canceled

It’s not the rain. It’s the rain going into the Mississippi River north of Memphis that is the cause for concern as the Memphis In May International Festival prepares to kick off this weekend.

Playmakers

Signs of Grizzlies’ success everywhere around town

During the day it houses some of the city’s best and brightest bankers and lawyers. But at night, its illumination continues, bearing the message “Go Grizz.” The First Tennessee Bank Building at 165 Madison Ave. is taking advantage of being the city’s sixth-tallest skyscraper to support the Memphis Grizzlies and their playoff run.

RISING WATERS: 2011 Flooding

The Mississippi River at Memphis is at its highest point since the 1937 flood. At 48 feet, the river’s rise in Memphis has been gradual but inevitable. And it will recede slowly as well, say experts. The high water has changed the city’s riverfront in dramatic ways. The flooding has also been along the five tributaries across Shelby County that feed the Mississippi River. Authorities have urged more than 1,000 people to evacuate their homes and businesses. Several hundred are in shelters across the county and others have found refuge with friends and family.

Miss. Gov. Barbour Rules Out 2012 Presidential Run

JACKSON, Miss. (AP) – Mississippi Gov. Haley Barbour isn't running for president in 2012. The Republican issued a statement Monday saying he "will not be a candidate for president next year."

Council Kicks Off Budget Hearings

Memphis City Council members begin budget hearings Monday with a new budget committee chairman.

Local Weather
Currently
Memphis, TN
83.0°F
Mostly Cloudy
Wind: Calm mph
Humidity: 63%

EVENTS

Rhodes College will host Memphis historian Jimmy Ogle who will present a continuing education class titled “Historic Memphis and its Highlights” Monday from 5:30 p.m. to 7:30 p.m. in Dorothy King Hall on campus. Seating is limited so reservations should be made by calling 843-3965.

more events »

MGLCC Struggles To Stay Afloat, Funded

After 22 years of providing a wealth of free services and a safe haven for youths turned away by their families because of their sexual orientation or gender identity, the Memphis Gay and Lesbian Community Center is now in danger of closing its doors because of a shrinking pool of donations and a scarcity of grant opportunities.

Economist Predicts Slow Recovery

Earlier this month, investment strategist David Kotok told National Public Radio that the hyper-partisan spending battles being waged in Washington “have nothing to do with money – it’s all a prelude to next year’s election.”

Alexander Questions Federal Standards

U.S. Sen. Lamar Alexander says the federal government should stop grading schools as part of the federal No Child Left Behind standards.

Hong Kong at Center of Memphis, China Connections

Memphis and Hong Kong have FedEx in common. The Memphis-based cargo giant has made the Memphis and Hong Kong airports the top two cargo airports in the world by weight for 20 years.

Education Realty Trust Posts Q1 Growth

Memphis-based Education Realty Trust Inc. showed same-community net income operating growth of 4.3 percent in the first three months of 2011 compared to the first quarter of 2010.

Clarion Security Grows With Focus on Employees, Technology

When Kim Heathcott decided to start her own company, it was her husband, Larry, who recommended the security industry, having worked in the industry himself for many years.

Addressing Business Killers

We know half of all businesses do not last even four years. Some 70 percent are gone before seven years. But there is no sense helping these figures along, is there?

Calling All Girl Scouts

Last week, we spotlighted the Dorothy Day House of Hospitality, which is providing homeless families with free, temporary housing and the means to re-establish their independence. This week, let us discuss a local organization preparing to celebrate its 100th anniversary and widely known for building girls of courage, confidence and character who make the world a better place: Girl Scouts Heart of the South.

Overcoming the Deep Recession Blues

Not long ago, we were enjoying remarkable market growth. Companies were doing well, investment portfolios were growing and employees were receiving bonuses. If someone felt a need to change jobs, it wasn’t hard to find one in a desirable location, at a good salary.

STATEWIDE

Meeting Needs of Tenn. Hispanics Takes Creativity

NASHVILLE (AP) – With a Hispanic population that has more than doubled over the past decade, leaders in Tennessee's health and education fields are getting creative with ideas for serving it.

Tenn. Lottery Scholarship Bill May be Studied

NASHVILLE (AP) – A proposal to make it more difficult for Tennessee students to obtain lottery scholarships may end up being studied by a task force over the summer, said the measure's Senate sponsor.

STATE LEGISLATURE

Tenn. GOP Lawmaker Defends Anti-Terrorist Bill

MURFREESBORO, Tenn. (AP) – A Murfreesboro Republican lawmaker has responded to emailed criticism from a constituent by saying he's studied Islam and its code known as Shariah, and he advises the person to do the same because "ignorance is bliss."

Deer Farming Bill Likely Dead This Session

NASHVILLE (AP) – A proposal to allow commercial deer farming in Tennessee has likely failed this session.

REGIONAL

Grammy Museum Branching Out With Site in Miss.

JACKSON, Miss. (AP) – A Grammy museum will be built in Mississippi, the hub of the Delta blues.

NATIONAL BUSINESS

Apple Slammed Over iPhone, iPad Location Tracking

SAN FRANCISCO (AP) – Privacy watchdogs are demanding answers from Apple Inc. about why iPhones and iPads are secretly collecting location data on users – records that cellular service providers routinely keep but require a court order to disgorge.

SunTrust Swings to Profit in Q1, Names New CEO

ATLANTA (AP)SunTrust Banks Inc. said Thursday it returned to a profit in the first quarter as it was able to set aside less money to cover bad loans.

NATIONAL POLITICS

Obama's Deficit Plans Run Into Economic Reality

LOS ANGELES (AP) – President Barack Obama headed west to sell his big picture deficit-reduction plan. But many people are waiting for a quick fix to their own economic problems caused chiefly by persistent unemployment and the crippled housing market.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 83 363 9,932
MORTGAGES 91 378 11,692
FORECLOSURE NOTICES 14 53 1,687
BUILDING PERMITS 213 788 21,098
BANKRUPTCIES 50 213 6,650
BUSINESS LICENSES 40 125 3,564
UTILITY CONNECTIONS 30 139 4,122
MARRIAGE LICENSES 12 91 2,270

Weekly Edition

Issues | About

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