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VOL. 126 | NO. 139 | Tuesday, July 19, 2011

Temple-Inland Rejects IP Bid

The attempt by Memphis-based International Paper Co. to takeover Temple-Inland Inc. was rebuffed Monday, July 18, by the board of the Austin, Texas-based company.

Next Move

Cooper expands parking lot at controversial Cordova restaurant

And it’s still not clear what the future holds for Stella Marris, which at one time was going to be called La Italiano and which may be getting yet another new name soon, according to an announcement on the restaurant’s Facebook page last fall.

Historic Downtown Church For Sale

Clayborn-Ball Temple, a landmark Downtown church, is being sold by the AME church that owns the property.

MCS Board To Talk Over Delaying School Year

Memphis City Schools board members will meet for the second time this week Tuesday, July 19, to consider possibly delaying the start of the school year now set to begin Aug. 8.

Council Plans Vote on New District Lines

Memphis City Council members are under a tight deadline as they meet Tuesday, July 19, to approve a new set of district lines for the council districts they represent.

Local Weather
Currently
Memphis, TN
58.0°F
Fair
Wind: Southwest at 11.5 mph
Humidity: 38%

EVENTS

The Memphis Rotary Club will meet Tuesday, July 19, at noon at the University Club of Memphis, 1346 Central Ave. R.C. Johnson, University of Memphis athletic director, will speak. Cost is $18 per person. Advanced reservations are required. For reservations, email Taylor Hughes at taylor@memphisrotary.org.

more events »

Business License Activity Improves 11.4 Percent

The number of businesses licenses filed with the Shelby County Clerk’s office increased by more than 10 percent to 1,360 in the second quarter of 2011, up 11.4 percent from 1,221 in the second quarter of 2010, according to The Daily News Online, www.memphisdailynews.com.

Education Realty Trust Closes Financing, Begins Construction of Alabama Apts.

Education Realty Trust Inc. – a Memphis-based developer, owner and manager of collegiate housing – has closed financing and commenced construction of a $41 million apartment community adjacent to the eastern edge of the University of Alabama campus in Tuscaloosa, Ala.

IDB Preps for Final Meeting

This week’s meeting of the Memphis-Shelby County Industrial Development Board will be the last one at which it hands out tax breaks - ever.

Picnic Kicks Off Political ‘Offseason’

There is no campaign literature in Pleasantville. The family spread in Arlington of former state Rep. Bubba Pleasant drew several hundred people – most politicians or the politically minded – over the weekend for the annual “Pleasantville” picnic hosted by Pleasant and state Rep. Ron Lollar.

MPO Begins New Long-Range Plan

For several weeks, the same groups of planners and concerned citizens have been bumping into each other at different sets of public hearings.

Greenhouse Donated to Urban Farms

Stringer Nursery and Garden Center has donated its 23,000-square-foot greenhouse to Urban Farms in Binghampton. The greenhouse was scheduled to be disassembled and transported to the Urban Farms’ location on 198 Wills St. Saturday, July 16, according to Urban Farms’ Facebook page. Barnhart Crane and Rigging provided equipment to help volunteers and project management move the greenhouse to its new location.

Legends at Wolfchase Sells for $27.8M

Legends at Wolfchase, a 300-unit apartment community in the Cordova apartment submarket, sold on Thursday, July 14, for $27.8 million.

MC Ionic Solutions US Begins Work on Fite Rd. Site

2665 Fite Road, Memphis, TN 38127, Permit Amount: $1.3 million -
MC Ionic Solutions US Inc. has begun work on its 2665 Fite Road facility after being awarded a 14-year payment-in-lieu-of-taxes agreement in April.

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.

LOCAL COLUMNISTS

Handle Patients With Care

I’m going to tell you what will sound like a fairytale. I have the pleasure of having an ideal family physician, Dr. John Avgeris, who has an ideal nurse, Cynthia Singler. They both have the perfect pairing of medical knowledge and patient concern.

The Homeostasis Hump

Cut your finger and your body immediately launches measures to repair the damage. When your temperature rises, your body automatically initiates action to get it back to normal. In general, your body is designed to keep things the way they are, to maintain the status quo. This process is called homeostasis and it’s a good thing … unless you want to form a new habit.

STATEWIDE

Tenn. Consumer Officials Warn About Contest Scams

NASHVILLE (AP) – State consumer affairs officials have reminded Tennesseans that you can't win a foreign contest you didn't enter.

Haslam Summer Tour Taps Voter Interests, Concerns

TULLAHOMA, Tenn. (AP) – Bill Haslam has ramped up his travel schedule now that the legislative session is over, attending ribbon-cutting events, delivering grant checks and discussing education policy over pizza.

Tennessee Lottery Reports Record Sales This Year

NASHVILLE (AP)The Tennessee Education Lottery Corp. reports a record $1.19 billion in total sales for its fiscal year.

TVA Fuel Cost Increases Up to $1 in August Billing

KNOXVILLE (AP) – The Tennessee Valley Authority's monthly fuel cost adjustment will raise average monthly bills for residential customers by up to $1 in August.

State OKs Permit for Aluminum Recycling Landfill

MOUNT PLEASANT, Tenn. (AP) – State environmental regulators have approved a proposed aluminum recycling waste landfill that some residents oppose as unsafe.

REGIONAL

Marker to Honor Bluesman Sunnyland Slim

LAMBERT, Miss. (AP) – Blues pianist Sunnyland Slim will be honored Tuesday will be honored on Tuesday with a Mississippi Blues Marker in Lambert.

NATIONAL BUSINESS

Thinking of Getting a Smaller Car? Wait Until Fall

ANN ARBOR, Mich. (AP) – Thinking of trading in the clunker in your garage for something that gets better gas mileage? Wait a little longer.

Borders' Seeks Approval to Liquidate

There will be no storybook ending for Borders. The 40-year old book seller could start liquidating its 399 remaining stores as early as Friday.

Pew Study Examines Emergence of Nonprofit News

MADISON, Wis. (AP) – More than half of emerging nonprofit news sites produce content with a clear ideological bent, according to a study released Monday by the Pew Research Center's Project for Excellence in Journalism.

Gannett Reports Lower 2nd-Quarter Earnings

NEW YORK (AP) – Increases in digital and broadcast revenue were not enough to make up for the ongoing decline in Gannett Co.'s newspaper business, leading the publisher of USA Today to report a more than 22 percent drop in its second-quarter net income.

NATIONAL POLITICS

Senate to Meet Every Day Until Debt Hike Passes

WASHINGTON (AP) – The leader of the Senate says the chamber will meet every day – including weekends – until Congress sends President Barack Obama legislation to make sure the government doesn't default on its obligations.

Debt Talks and Little Else on Washington's Agenda

WASHINGTON (AP) – The debt showdown isn't just the dominant issue in Washington this summer – it's virtually the only one getting any attention in the nation's capital.

Obama Appoints Cordray to Lead Consumer Agency

WASHINGTON (AP) – President Barack Obama moved Monday to get a new consumer protection bureau up and running, introducing a former Ohio attorney general as director, in an apparent acknowledgment that the woman who masterminded the agency couldn't win Senate confirmation.

Tea Party Takes its Turn in Debt Battle

WASHINGTON (AP) – The White House weighed in with a veto threat Monday against a tea party-backed plan to let the government borrow another $2.4 trillion, a measure conditioned on big and immediate spending cuts and adoption by Congress of a constitutional amendment to balance the federal budget.

Coburn Proposes $9 Trillion Deficit Cut Measure

WASHINGTON (AP) – One of the Senate's staunchest budget-cutters unveiled Monday a massive plan to cut the nation's deficit by $9 trillion over the coming decade. The plan by Sen. Tom Coburn, R-Okla., is laced with politically perilous proposals like raising to 70 the age at which people can claim their full Social Security benefits.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 20,821
MORTGAGES 44 44 24,405
FORECLOSURE NOTICES 23 23 8,633
BUILDING PERMITS 196 196 42,533
BANKRUPTCIES 55 55 13,957
BUSINESS LICENSES 22 22 6,423
UTILITY CONNECTIONS 56 56 13,567
MARRIAGE LICENSES 23 23 5,092

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