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VOL. 131 | NO. 145 | Thursday, July 21, 2016

Adjustable-Rate Loans See Resurgence

A loan product that loomed large during the financial crisis of 2007-08 is making something of a return to the local mortgage lending landscape, new data show.

Memphis Police Officers, Youth Discuss Ways to Improve Relations

As national headlines trumpet accounts of police-involved shootings, attacks on officers and related protests on an almost daily basis, a diverse group of Mid-South high school students met with Memphis Police Department (MPD) representatives Wednesday, July 20, to open the lines of communication and share their different perspectives.

GOVERNMENT & POLITICS

Morrison Orchestrates Overton Park Compromise

Before the Tuesday, July 19, Memphis City Council vote approving the Overton Park compromise, council member Worth Morgan commended fellow council member Bill Morrison for taking up the torch of trying to find a consensus between the Memphis Zoo and the Overton Park Conservancy.

Last Word: Return of the Balloon Note, SCS and Migrant Teens & Greensward Doubts

One of the prime culprits in the housing bubble burst that played a role in the worst economic downturn since the Great Depression is back – the adjustable rate mortgage.

Local Weather
Currently
Memphis, TN
60.0°F
Fair
Wind: South at 5.8 mph
Humidity: 72%

EVENTS

The Orpheum Theatre Summer Movie Series will feature “10 Things I Hate About You” on Thursday, July 21, at 7 p.m. at The Halloran Centre, 225 S. Main St. Adult tickets are $8; children 12 and younger are $6. Visit orpheum-memphis.com.

more events »

More Public Funding Comes to Explore Bike Share

The Center City Development Corp. doubled down on its commitment to launching a bike share program at its July 20 meeting.

Chism Readying 2018 Bid for County Mayor

Former Shelby County Commissioner Sidney Chism wants to be the Democratic nominee for Shelby County mayor in 2018, and he plans to begin his campaign after the November presidential election.

REAL ESTATE RECAP

Bank Building Set To Become Boutique Hotel

158 Madison Ave., Memphis, TN 38103 -
The former Leader Federal bank headquarters will be converted into a boutique hotel.

LOCAL COLUMNISTS

Oklahoma City Districts Worth A Visit

Sitting under an umbrella at a little pizza joint in the Paseo Arts District it’s hard to imagine I’m in Oklahoma City.

At the Desk, But…

“Author’s obstacle.” Twelve letters. Hint: I prefer neither to say nor write the two-word answer.

Leadership Allowed Durham Sleaze To Fester for Too Long

The Tennessee attorney general’s sexual harassment investigation of Republican Rep. Jeremy Durham dragged halfway through the summer. Now we know why.

STATEWIDE

Democrats Want to Expel Republican Lawmaker to Block Pension

NASHVILLE, Tenn. (AP) – House Democrats in Tennessee are calling for a special session to expel a Republican lawmaker accused of sexually harassing at least 22 women to block him from receiving a lifetime pension.

Survey: 13 Percent of Tennesseans Without Broadband Access

NASHVILLE, Tenn. (AP) – A survey of state residents and businesses has found that about 13 percent of Tennesseans do not have broadband internet access.

REGIONAL NEWS

Casino Revenue Rises in All Regions Across Mississippi

JACKSON, Miss. (AP) – Casino revenue continued to grow statewide in Mississippi in June, with gamblers losing more at casinos along the Mississippi River and the Gulf Coast.

Attorney: NCAA Missed Deadline to Respond in Tyndall Case

JACKSON, Miss. (AP) – An attorney for former Southern Mississippi basketball coach Donnie Tyndall says the NCAA's Committee on Infractions missed its deadline to respond to the coach's appeal in the case.

NATIONAL BUSINESS

AB InBev Says It Has US Approval for SABMiller Merger

NEW YORK (AP) – Anheuser-Busch InBev, the world's largest beer maker, announced Wednesday that it has reached an agreement with the Justice Department clearing the way for U.S. approval of its acquisition of SABMiller.

Dow Chemical and DuPont Say Shareholders Approved Merger

NEW YORK (AP) – Shareholders for agriculture and chemicals companies DuPont and Dow Chemical have approved their merger. After it's complete, the century-old companies plan to break up into three parts.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 296 17,839
MORTGAGES 83 360 20,786
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 161 671 36,487
BANKRUPTCIES 46 192 11,874
BUSINESS LICENSES 16 96 5,656
UTILITY CONNECTIONS 28 175 12,208
MARRIAGE LICENSES 32 92 4,449

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