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VOL. 126 | NO. 134 | Tuesday, July 12, 2011

Q2 Mortgage Counts Fall 24 Pct.

A slide in mortgage activity between April and June, coinciding with a plunge in home sales, adds up to a housing market in Shelby County that’s still shell-shocked.

Renewed Vision

Victorian Village renaissance mixes heritage, community development

Victorian Village Inc. executive director Scott Blake has spent the past five years diligently working to revitalize the neighborhood he calls home, and a slew of recent projects indicate Victorian Village could be on the cusp of a renaissance.

Chism-Bunker Selected As New-Old Commission Leadership

Electing a chairman was easy for the Shelby County Commission.

International Paper Formalizes Hostile Takeover Bid for Rival

Memphis-based International Paper Co. is pressing forward with a hostile bid for its Austin, Texas-based packaging and building materials rival Temple-Inland Inc.

Municipal Unions Sue Over Budget

A coalition of labor unions representing city employees filed a lawsuit in Memphis federal court Monday, July 11, over the recently approved 4.6 percent cut in city employees pay and a $13 million voluntary buyout of city sanitation workers.

Council One Step Closer to New District Lines

On the hottest weekend of the summer so far, candidates looking for votes in the October city elections had some uncertainty to go with the door hangers and other parts of the hand-to-hand campaign process.

TCAPs Show Gap Between City, County Schools

The results of the second year of higher state achievement testing standards for Tennessee’s third- through eighth-graders came with some basic conclusions in the test scores and some mixed signals in the percentage figures in a separate column from the TCAP scores.

Advocates Push Overton-Greenline Link

When the group of architects and planners working on a bicycle-pedestrian path connecting the Shelby Farms Greenline with Overton Park went beyond the end of the Greenline onto Tillman Street recently, they had a Memphis Police bicycle escort.

Weirich Raises $45K for District Attorney General Run

Shelby County District Attorney General Amy Weirich has raised $45,000 in six months for her 2012 bid to remain the county’s chief prosecutor.

Rental Sites Fill Investment Property Need

There are any number of online resources available for homebuyers, but services for renters are harder to find.

Former French Village Apts. Sell for $2.8 Million

4055 Summer Ave., Memphis, TN 38122, Sale Amount: $2.8 million -
Arlington-based Grahamwood Place Apartment Community LLC has bought the 244-unit former French Village Apartments at 4055 Summer Ave. from California-based French Village Apartments LP for $2.8 million.

LOCAL COLUMNISTS

Global, US Economies Show Paradox

Hooray Hooray! Earnings season is under way. Macro season turned into a nail-biter with double dip talk, riots in Greece, debt limit brinkmanship in the U.S., Chinese bubble banter and oil supply disruptions in the Middle East. Good riddance.

Overcoming Obstacles To Find Success

Sooner or later we all encounter them, obstacles that stand in the way of successfully accomplishing a desired goal. Quite often, these obstacles show up in the form of other humans. Unfortunately, not everyone in the world sees eye-to-eye with you or feels the need to help or support you when you want to accomplish something. What should you do when someone blocks your path to success? Perhaps the best way to approach this problem is to consider your options.

STATEWIDE

Goodyear Closes Tennessee Plant Early

AKRON, Ohio (AP) Goodyear Tire & Rubber Co. said Monday that it has stopped production at its tire manufacturing facility in Union City, Tenn.

State Looking to Honor Companies for Export Growth

NASHVILLE (AP) – The state is looking to recognize Tennessee companies that have shown strong export growth.

NATIONAL BUSINESS

After Early Zeal, TV Networks Pull Back Web Series

NEW YORK (AP) – Around 2007, TV networks made a land rush to the Web, looking to lay down digital production studios. Four years later, many of those networks have pulled up stakes, shunning original Web content and reorienting their online outlook.

NATIONAL POLITICS

No Stopgap: Obama Demands Big Deal for Debt Limit

WASHINGTON (AP) – President Barack Obama declared Monday he would reject any stopgap extension of the nation's borrowing limit, adding fresh urgency for Republicans and fellow Democrats to resolve intense tax and spending disputes and head off economic calamity.

Fed Chief to Face Grilling After Weak Jobs Report

WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke may feel surrounded when he testifies before Congress this week.

Obama Expands Campaign Against Bad Regulations

WASHINGTON (AP) – The Obama administration is expanding its effort to rid the government of burdensome or redundant regulations.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 23 71 8,375
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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