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VOL. 125 | NO. 65 | Monday, April 5, 2010

Memphis Loans Part of Bear Stearns Rescue

The Federal Reserve bought a piece of commercial loans that financed a handful of properties in Memphis when the central bank swallowed billions of dollars’ worth of new assets during its 2008 rescue of Bear Stearns.

Credentials Often Mean Little in Today’s Job Search

Most job candidates emerge from universities and graduate schools with a sense of insulation from unemployment, but the current recession has affected blue and white collars alike.

Raleigh-Bartlett Strip Center Fills Back Up

ORIX Capital Markets, a Dallas-based company operating as the special servicer for a North Memphis retail center, is working to quickly turn around a property once headed for foreclosure.

School Board, Congressional Race To Take Center Stage

As voters focus on the May 4 county primaries, the field for the Aug. 5 election is almost set. The filing deadline for candidates was last week. Thursday at noon is the deadline for any candidates to withdraw.

Wamp: Memphis To ‘Turn a Corner’

Republican candidate for governor Zach Wamp came into Memphis just ahead of the Easter weekend with kind words for the last Memphian to leave the governor’s race and a warning about the area’s politics.

Local Weather
Currently
Memphis, TN
47.0°F
Mostly Cloudy
Wind: Southeast at 4.6 mph
Humidity: 54%

EVENTS

MPACT Memphis will hold a community service meeting today at 6 p.m. at Café Eclectic, 603 N. McLean Blvd. For reservations or more information, e-mail Kurt Schoeffler at communityservice@mpactmemphis.org.

more events »

Firm Wants to Bring Top Talent to Memphis

Chris Chotard sees himself as a coach recruiting members to business teams throughout Memphis.

When the Price Is Not Right

Maybe nothing is more crucial to the success of a small business than selling at the right price. Then again, what is the right price for anything? Why do retail sales tags end with 99 cents? Why do gas prices always end with a .9?

THE MEMPHIS NEWS

Life After Recession

When George Baldwin married his wife, Ann, 30 years ago, he promised her “for better or for worse, in sickness and in health.”

Numbers Tell Story of Downturn, But Not All of It

Sometimes we can get too wrapped up in the numbers.

Wharton Gives Budget Clues For Coming Fiscal Year

Memphis Mayor A C Wharton Jr. presents his first city operating budget proposal to the City Council on April 27.

T. Clifton Art to Ring in Spring With Exhibit

As Memphians celebrate the return of spring, a local art gallery salutes the season with collaborative art pieces themed by the natural world.

Soul Fish Café Owners Buck Economic Trends

When Soul Fish Café opened in the Cooper-Young neighborhood in 2006, few people, including its owners, could have predicted its success.

Rodney Strong Delivers On Chardonnay

There's nothing wrong with popularity. One of the most popular chardonnays in the country is the Rodney Strong Vineyards Sonoma County rendition of the grape, a wine that proliferates in stores and on restaurant wine lists.

STATEWIDE

Mediators: Statements by Juvenile Witnesses Open

KNOXVILLE, Tenn. (AP) - The state office that handles mediation in open records requests says statements made by juvenile witnesses in criminal investigations are open to the public.

Bredesen Gets Letter from Extremist Group

NASHVILLE, Tenn. (AP) - Tennessee Gov. Phil Bredesen is among more than 30 governors who have received a letter saying if they don't leave office within three days they will be removed.

STATE LEGISLATURE

Bill Would Put Teen Sex Offenders' Names Online

NASHVILLE, Tenn. (AP) - Teenagers convicted of serious sex crimes could have their names added to an online registry under a proposed bill in the Tennessee Legislature.

REAL ESTATE

Changes to Federal Foreclosure Program Announced

ST. PETERSBURG, Fla. (AP) - The federal government announced Friday that it is relaxing some rules to make it easier for communities to spend funds on redeveloping abandoned and foreclosed properties.

NATIONAL BUSINESS

Employers Added Most Jobs In 3 Years in March

WASHINGTON (AP) - The nation’s economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.

EPA: New Mining Policy Would Protect Water Quality

CHARLESTON, W.Va. (AP) - The Obama administration Thursday spelled out tighter water quality standards for surface coal mines in Appalachia in a move that could curtail mountaintop removal mining.

NATIONAL POLITICS

FBI Warns Extremist Letters May Encourage Violence

WASHINGTON (AP) - The FBI is warning police across the country that an anti-government group's call to remove governors from office could provoke violence by others.

Obama Welcomes Jobs Report as Rare Good News

CHARLOTTE, N.C. (AP) - President Barack Obama on Friday hailed a new government report showing the most jobs created in nearly three years. "We are beginning to turn the corner," he told workers at a plant that received government stimulus money.

Obama: US Would Go Bankrupt Without Health Changes

WASHINGTON (AP) - President Barack Obama says he did a full court press for a health care system remake because "this country was going to go bankrupt."

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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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