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VOL. 124 | NO. 135 | Monday, July 13, 2009

Housing Market Takes Shallow Dip in Q2

Regina Hubbard is one of the local Realtors who saw the challenge of a down market as an opportunity. Instead of hunkering down or following business-as-usual practices, Hubbard reacted to the housing slump with renewed vigor.

County to Cross Finish Line on Tax Rate Today

Members of the Shelby County Commission today will consider on the third and final reading an approval of a new property tax rate for the fiscal year that began July 1.

Mortgage Sector Tows the Line in June

Like other real estate and financial services sectors, the mortgage industry received some bad news and some good news in June: Activity improved from the previous month, but still fell short of last year’s total.

Data Rank Local Hospitals for Service

The site, www.hospitalcompare.hhs.gov, allows consumers to see how well hospitals perform in specific areas. It is important, however, to consider a hospital's mission or service specialties and look at footnotes.

Hair Products Company Expands Global Reach

Memphis-based Chroma Distributors LLC began shipping its pHormulate line of beauty products to Russia and other European nations within a couple years of its formation.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: Variable at 5.8 mph
Humidity: 88%


The Memphis Chapter of the International Association of Administrative Professionals will meet today at 6 p.m. at the Holiday Inn Select East, 5795 Poplar Ave. Cost is $20 and includes dinner. For reservations, contact Dianne Cordaro at diannecordaro@yahoo.com or 287-6009.

more events »

Herenton-Lowery Transition Under Way in Choppy Waters

He is serving his fifth term in office, having come to political power in the historic 1991 city elections. He became a politician after a career in which he was already in the public eye. He is outspoken and intense and he is not Willie Herenton.

Mayor’s Resignation Date Set for July 30

Mayor Willie Herenton’s departure is July 30.

Despite Mayoral Confusion, Change Is Coming Fast

You have to have a certain amount of vanity or ego to be a politician.

Godwin’s Ambitions Centered on Fighting Crime

Memphis Police Director Larry Godwin thought about running for mayor in the coming October special mayoral election. But he decided against it.

Charter School Expansion a ‘Springboard to Success’

It’s great news that House Bill 2146 has been passed. The bill raises the limit on the number of Memphis charter schools to 35 from 20, and it opens the schools to economically disadvantaged youths.

Playhouse’s Production of ‘RENT’ Enjoyable Despite Some Flaws

Playhouse on the Square is closing out its 2008-2009 season with Jonathan Larson’s Broadway musical “RENT,” a 1990s retelling of Puccini’s classic opera, “La Boheme.”

Geithner: Stimulus is Working and on Right Path

WASHINGTON (AP) - Despite persistently high unemployment, Treasury Secretary Timothy Geithner said Friday the Obama administration's economic stimulus plan is on the "expected path."

Conservative Democrats Break Ranks on Health Care

WASHINGTON (AP) - President Barack Obama on Friday acknowledged the tough going for his health care overhaul in Congress but rejected the notion the legislation is doomed if lawmakers fail to act by August. "I never believe anything is do or die," Obama said.

AP Source: AIG Consults Administration on Bonuses

NEW YORK (AP) - American International Group Inc. is consulting with the federal government about its plans to pay millions of dollars in retention incentives and bonuses, a person familiar with the situation said.

DOT Grants Antitrust Immunity to Continental

DALLAS (AP) - The U.S. Transportation Department on Friday granted Continental Airlines Inc. immunity from antitrust laws, allowing it to work closely with a group of other carriers, including United Airlines, on international service.

World Has Avoided Economic Disaster, Obama Says

L'AQUILA, Italy (AP) - Lasting worldwide recovery "is still a ways off," President Barack Obama declared Friday, but he also said at the conclusion of a global summit that a disastrous economic collapse apparently has been averted.

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PROPERTY SALES 83 170 7,919
MORTGAGES 93 201 9,400
BUILDING PERMITS 113 243 16,850
BANKRUPTCIES 50 105 5,511

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