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VOL. 126 | NO. 106 | Wednesday, June 1, 2011

Hiring Squeeze Highlights Budget

The Luttrell administration takes a set of proposed budget cuts to Shelby County commissioners Wednesday, June 1, that will mean no 2 percent raise for county employees next fiscal year, no increase in health insurance for county employees and a tighter squeeze on county hiring.

Cycling Progress

City outlines bike plans for North Parkway

After a detour through some continuing controversy involving Madison Avenue, the idea of bike lanes in Midtown is back to near unanimous public support for the lanes on North Parkway between Front Street and Overton Park.

Hart to Run for Congress

Put Memphis City Schools board member Tomeka Hart down as a candidate for the 9th Congressional District’s Democratic primary in 2012.

Restaurants, Retail Enter Memphis Market

It’s perhaps the most cliché phrase in the real estate business: location, location, location.

Institute Life-Saver for Puerto Rican Patients

Puerto Rican patients in need of liver transplants are getting a new lease on life thanks to doctors at the Methodist University Hospital Transplant Institute in Memphis – the same team that performed Apple CEO Steve Jobs’ liver transplant in 2009.

Local Weather
Currently
Memphis, TN
67.0°F
Fair
Wind: from the West at 16.1 gusting to 21.9 mph
Humidity: 44%

EVENTS

The Alliance for Nonprofit Excellence will hold a workshop Wednesday, June 1, from 8:30 a.m. to noon at its office, 5100 Poplar Ave., suite 502. Participants will become familiar with the basic principles of grant-writing and the tools needed for successful proposals. Cost is $60 for members, $110 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Commercial Appeal Plans Move to Paid Model

The E.W. Scripps Co. told shareholders in its most recent annual report that “we are undergoing a significant restructuring in our newspaper business.”

Callan Joins Methodist as Perioperative Director

Thomas E. Callan has joined Methodist University Hospital as administrative director of perioperative services.

Word of Mouth Pays Dividends

If you’re a small-business person, you’re probably multi-tasking, running your company and trying to master social media as an advertising or PR tool. I have a great way for you to use it combining an old-fashioned advertising method and employee satisfaction.

Refocusing on ROI Criteria

When most executives think about return on investment, they think about a formal justification for a large capital investment – often in large companies it’s an expenditure of, say, more than $25,000.

STATEWIDE

8 New Hangars Being Built at Nashville Airport

NASHVILLE (AP) – The Metropolitan Nashville Airport Authority will build eight new hangars at John C. Tune Airport, one of the busiest general aviation airports in Tennessee.

Tenn. has Troubled History With Medical Examiners

NASHVILLE (AP) – The court battle to get records of beleaguered former Knox County medical examiner Sandra Elkins provides another glimpse into Tennessee's storied history with some of its top death investigators.

REGIONAL

Downtown With Elvis: 2011 Festival Opens Thursday

TUPELO, Miss. (AP) – Businesses are putting out the welcome mat this week for visitors to the Tupelo Elvis Presley Festival.

NATIONAL BUSINESS

Q1 Late Payments on Auto Loans Lowest Since 1999

NEW YORK (AP) – Late payments on auto loans hit their lowest level since 1999 in the first quarter, providing more data that shows consumers have gotten a handle on their debt.

Consumer Confidence Falls Unexpectedly in May

NEW YORK (AP) – Americans are losing faith that the economy will keep improving, according to a monthly survey.

Joblessness Among Post-Sept. 11 Vets Remains High

HARRISBURG, Pa. (AP) – The unemployment rate among military veterans who served after the Sept. 11, 2001, terrorist attacks remains stubbornly higher than the general population, especially for the youngest men to leave the service, according to a congressional report released Tuesday.

NATIONAL POLITICS

House to Reject Debt Limit Increase Without Cuts

WASHINGTON (AP) – House Republicans lined up to reject their own proposed $2.4 trillion increase in the nation's debt limit Tuesday, a political gambit designed to reinforce a demand for spending cuts to accompany any increase in government borrowing.

Obama Selects Businessman Bryson for Commerce Post

WASHINGTON (AP) – President Barack Obama has tapped energy executive John Bryson to lead the Commerce Department, putting a businessman at the helm of an agency tasked with boosting U.S. exports and promoting American business around the world.

Obama Gains Foothold; GOP Autumn Surge Behind Him

WASHINGTON (AP) – Six months after Republicans alarmed Democrats with a midterm election wave, President Barack Obama has shaken off the jitters and found his political footing despite sluggish economic growth and deep public anxiety about the direction of the country.

REAL ESTATE

Home-Price Index Falls to Lowest Point Since 2002

WASHINGTON (AP) – An index of home prices in big metro areas has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy.

Now Renting: Luxe Condos Built for the Global Rich

The Rental Class has never had it so good.

HEALTH CARE

Gov't Cuts Rates for Hard-to-Insure Patients

WASHINGTON (AP) – The government is cutting premiums by up to 40 percent in nearly two dozen states and implementing other changes to make it easier for people with pre-existing medical conditions to get health insurance.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 128 17,998
MORTGAGES 155 155 20,990
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 149 149 36,765
BANKRUPTCIES 60 60 11,985
BUSINESS LICENSES 19 19 5,696
UTILITY CONNECTIONS 49 49 12,297
MARRIAGE LICENSES 40 40 4,518

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