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VOL. 126 | NO. 86 | Tuesday, May 3, 2011

Bill Would Alter Foreclosure Notices

The judiciary committees in the House and Senate of the Tennessee General Assembly are scheduled to vote on companion bills Tuesday that would give homeowners less advance warning before their homes are foreclosed.

River Rising

Mississippi, Wolf River Harbor lap at city’s doorstep

The workweek began at many Memphis companies with a review of flood contingency plans.

Opinion: Foreclosure Bill Unjust To Homeowners, Community

As an attorney that has spent a great deal of my time over the last decade assisting consumers with mortgage lending and foreclosure problems, I cannot think of a worse idea for the Tennessee General Assembly to consider than further streamlining the foreclosure process in Tennessee. This is precisely what is currently contemplated in the bills that will be considered by the Judiciary Committees in the coming week.

Electrolux Financing Clears Senate Finance Committee

The Tennessee State Senate Finance committee Tuesday approved two bills that represent the state’s investment of over $90 million in bringing the appliance manufacturing plant to Frank C. Pidgeon Industrial Park in southwest Memphis.

Haslam Seeks $10M In Fed Disaster Aid

Tennessee Gov. Bill Haslam Tuesday asked the White House for $10 million in emergency funding to deal with and prepare for flooding in Shelby, Dyer, Lake and Stewart counties.

Local Weather
Currently
Memphis, TN
43.0°F
Overcast
Wind: East at 6.9 mph
Humidity: 93%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop Tuesday from 8:30 a.m. to 3:30 p.m. at its office, 5100 Poplar Ave., suite 502. Participants will gain a broad knowledge of human resource systems, functions and issues in nonprofit organizations. Cost is $99 for members, $150 for nonmembers and $89 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

MIM BBQ Moves To Tiger Lane

The Memphis in May World Championship Barbecue Cooking Contest is moving from Tom Lee Park to Tiger Lane at The Fairgrounds.

River Forecast to Crest at 48 Feet

County Emergency Preparedness officials said Monday afternoon they still expect the Mississippi River to crest on May 10. But they now expect the river will crest at around 48 feet, not the 45 feet that had been predicted since last week.

MIM Officials Ask for Suggestions on BBQ Contest Date, Time

Memphis in May president and CEO Jim Holt has emailed participants in this year’s World Championship Barbecue Cooking Contest asking for their preferences on what to do in light of historic flooding conditions.

Mays Gets Involved In Schools Mediation

All sides in the schools consolidation lawsuit are back before federal court Judge Hardy Mays Tuesday morning.

Smaller, Greener Homes New Focus for Builders

The characteristics, features and sizes of new homes are evolving, according to a recent survey from the National Association of Home Builders that delves into what is anticipated for the industry by the year 2015.

Council to Consider Sewer Fee, Postponing Layoffs

A voting majority of Memphis City Council members seem to have reached an early agreement on lowering the city sewer fee.

Smith & Nephew Files Permit For Goodlett Farms Building

7135 Goodlett Farms Parkway, Cordova, TN 38016, Permit Amount: $8 million -
Smith & Nephew has filed an $8 million permit with the city-county Office of Construction Code Enforcement to make improvements to space in its orthopedic division’s global headquarters building on Goodlett Farms Parkway.

The Direction of Sanity

The term “direction” refers to the course along which something moves. In this article, I am going to talk about the mental direction along which most human beings move these days in the workplace, and in life. More specifically, for many (perhaps most) of you, I want to encourage you to consider reversing your current direction.

Extra Innings

Fed Chairman Ben Bernanke presented a bull market extension plan on Wednesday at the Federal Reserve’s first press conference. While the $600 billion QE2 treasury purchase program winds down in June, asset purchases will continue as current holdings mature. By maintaining this supply and committing to keep interest rates near zero “for an extended period,” Bernanke refilled the punch bowl. Markets reacted to this posture immediately as asset prices surged and the dollar plummeted.

GOVERNMENT AGENDA

Memphis City Council Agenda

The Memphis City Council will meet today at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.

NATIONAL BUSINESS

Railroads Reach Tentative Deal With Largest Union

WASHINGTON (AP) – The major U.S. freight railroads have reached a tentative five-year deal with their largest union, which represents 38,000 workers.

Manufacturing Grew for 21st Month in April

WASHINGTON (AP) – Manufacturing activity grew for the 21st straight month in April, fueled by a weak dollar that has made U.S. goods cheaper overseas. But the cost of raw materials rose for the fifth consecutive month, a growing concern for many companies.

Southwest Closes $1B Purchase of AirTran

DALLAS (AP)Southwest Airlines Co. has closed its purchase of AirTran.

Digital Censorship Grows as Media Moves Online

NEW YORK (AP) – Governments worldwide are developing new tools to censor reporters as the media increasingly moves online, the Committee to Protect Journalists said Monday.

NATIONAL POLITICS

Geithner Gives Congress More Time on Debt Limit

WASHINGTON (AP) – Treasury Secretary Timothy Geithner is giving Congress a little more breathing room to negotiate a deal that would raise the nation's borrowing limit.

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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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