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VOL. 125 | NO. 99 | Friday, May 21, 2010

Whistleblower’s Claims Ruffle Airport Meeting

A whistleblower whose claims that a runway at Memphis International Airport is structurally unsound and could collapse under the weight of aircraft made his case Thursday morning at the airport’s board of commissioners monthly meeting.

Lights Out

Troubled Plush Club shuttered – for now

You can usually tell the Plush Club is open by the trio of roving searchlights on the south end of Beale Street. 

Charter Commission Defines Office Of Metro Mayor

Revisits Civil Service Recommendations

The Metro Charter Commission has approved the idea of a mayor for a consolidated government who would be limited to two consecutive terms in office and must be at least 21 years old.

Different Mayor, Same Story in Budget Talks

Memphis has had three mayors since the last budget season at City Hall, and the latest appears to have picked up where the other left off.

Technology Takes Ridgeway Middle Music to New Level

The walls of a cinderblock city school classroom in East Memphis are hung with posters of John Coltrane, King Oliver, Otis Redding, Elvis Presley, Billie Holiday and a 78-inch interactive whiteboard called an ActivBoard.

Local Weather
Currently
Memphis, TN
46.0°F
Fair
Wind: West at 4.6 mph
Humidity: 56%

EVENTS

Common Ground will hold a two-year anniversary reunion today from 6 p.m. to 8 p.m. at the Bryan Campus Life Center Ballroom on the Rhodes College campus, 2000 N. Parkway. Josh Pastner, head coach of the University of Memphis men’s basketball team, will speak and there will be live music. For reservations, call 260-3720 or e-mail memphiscommonground@gmail.com.

more events »

Gossett Salesman Taps Love of Cars in Work

David Graham bought his first Porsche when he was just 17 years old.

Overton Eagles: Our Stories

For 104 years, longer than any other, one golf course has introduced this city to the game, more than any other. Short and certainly sweet, first pars are found on this course, first birdies sing and first eagles soar. And they come back for a lifetime.

BRIDGES Event Focuses on Entrepreneurship

BRIDGES Inc. showed out-of-work people how to create their own jobs with the help of successful small-business owners Wednesday when the nonprofit organization hosted a conference on entrepreneurship.

Christ Community Granted $2.4 M in Revenue Bonds

This week’s city-county Industrial Development Board meeting proved fruitful for Christ Community Health Services.

STATEWIDE

Some GOP Candidates to Skip Fundraiser Over Cost

CHATTANOOGA (AP) - Some Republican candidates in Tennessee's 3rd Congressional District race say they plan to skip a Saturday GOP fundraiser after they were hit with a demand to pay $2,000 for the right to speak there.

UT Officials Brace to Lose $112 Million

KNOXVILLE (AP) - A member of the University of Tennessee board says he foresees the day when only a fraction of the university's funding will come from government.

$1 Million to be Paid to Soldiers in Lending Suit

NASHVILLE (AP) - Tennessee Attorney General Bob Cooper says North Carolina-based financial companies accused of predatory lending practices against Fort Campbell soldiers will have to pay them more than $1 million.

NATIONAL BUSINESS

Leading Indicators Drop 0.1 Pct. in April

NEW YORK (AP) – A private research group’s index of leading economic indicators unexpectedly slipped in April, its first drop in more than a year and a sign that growth could slow this summer.

More Banks Are Troubled Even as Industry Recovers

WASHINGTON (AP) – The government has reported the number of troubled banks kept growing last quarter even as the industry as a whole had its best quarter in two years.

Agencies Consider New Rules Post-Plunge

WASHINGTON (AP) - The U.S. Securities and Exchange Commission will propose new rules covering cancellation of trades in the wake of the May 6 stock market plunge, the agency's chairman told a Senate panel Thursday.

Fading of Inflation Helps Buyers and Borrowers

WASHINGTON (AP) - It's a good time to buy a car or refinance a mortgage, thanks to super-low inflation and interest rates.

Jobless Claims Rise by Larges Amount in 3 Months

WASHINGTON (AP) - The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. The surge is evidence of how volatile the job market remains, even as the economy grows.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 109 490 20,766
MORTGAGES 131 556 24,361
FORECLOSURE NOTICES 6 61 8,610
BUILDING PERMITS 294 1,204 42,337
BANKRUPTCIES 63 348 13,902
BUSINESS LICENSES 18 97 6,401
UTILITY CONNECTIONS 41 216 13,511
MARRIAGE LICENSES 14 78 5,069

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