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VOL. 125 | NO. 106 | Wednesday, June 2, 2010

Plough Cleanup Reaches Milestone

The trees being planted along Plough Boulevard – the road leading into Memphis International Airport – represent the first tangible signs of the city’s aerotropolis initiative.

Business Stays Steady for Local Wine Expert

Drinking on the job will get most people fired, but Bill Huddleston has made a living doing just that for 26 years.

City Wins Federal Funding For Demolition Of Cleaborn Homes

HOPE VI Money Signals Start of Triangle Noir Plan

The city of Memphis will be getting $22 million in federal funding from the department of Housing and Urban Development to kick off an ambitious 10 year $1 billion plan to transform the Downtown area south of FedExForum and parts of South Memphis.

Memphis Slow to Embrace Employer Clinics

Shelby County Schools recently opened two workplace health clinics, a service Mid-South employers have been slow to embrace.

Payne-Johnson Joins Arlington’s Baptist Memorial Medical

Dr. Ann Payne-Johnson, a family medicine physician at Baptist Memorial Medical Group, recently began practicing medicine at Baptist Memorial Medical Group Arlington Family Medicine.

Move Down to Build Wealth

Ray’s Take: It’s a common misperception that you build wealth by making more money. Many Americans spend their careers chasing that next raise or promotion or moving to the next company that offers a better compensation plan.

Nations Could Give Statement This Week

The attorney for Bob Nations, head of the county’s office of emergency preparedness, said an agreement should be reached this week with the county attorney’s office for Nations to give a sworn statement.

STATEWIDE

Pork Theme of Gov's Race Carries Into Budget Talks

NASHVILLE (AP) - Republican Senate Speaker Ron Ramsey says his gubernatorial aspirations aren't a factor in his insistence on ridding the state budget of local projects that he calls pork barrel spending.

REGIONAL

Senators Await Kagan Papers from Clinton Library

LITTLE ROCK, Ark. (AP) Researchers at the William J. Clinton Presidential Library are working overtime to produce more than 160,000 pages of documents – some of them possibly holding clues to the record of U.S. Supreme Court nominee Elena Kagan.

REAL ESTATE

Construction Spending Jumps 2.7 Percent in April

WASHINGTON (AP) - Construction activity surged in April by the largest amount in nearly a decade. The unexpected gains could mean the hardest-hit sector of the economy is starting to recover.

NATIONAL BUSINESS

Economy Strengthens Behind Building, Manufacturing

WASHINGTON (AP) – The economic recovery gained strength on the biggest rise in construction spending in nearly a decade and the 10th straight month of expansion for the manufacturing sector.

FYI: New Clarifications on Overdraft Rules

The Federal Reserve has issued clarifications to the new law regarding overdraft fees that goes into effect July 1. The law requires banks to have customers opt-in to overdraft programs linked to debit cards.

AIG Won't Accept Lower Prudential Offer for AIA

LONDON (AP) - Bailed-out U.S. insurer AIG reported Tuesday it won't accept a lower offer for its Asian insurance business from Prudential, which proposed a $5 billion cut to calm rebellious shareholders who thought the price was too high.

NATIONAL POLITICS

Court: Are Medical Residents Students or Employees?

WASHINGTON (AP) – The U.S. Supreme Court agreed Tuesday to decide whether student doctors are students or employees when it comes to collecting Social Security taxes.

Court: Suspects Must Say They Want to be Silent

WASHINGTON (AP) - The U.S. Supreme Court ruled Tuesday that suspects must explicitly tell police they want to be silent to invoke Miranda protections during criminal interrogations, a decision one dissenting justice said turns defendants' rights "upside down."

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