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VOL. 125 | NO. 141 | Thursday, July 22, 2010

Memphis to Launch Anti-Poverty Initiative

The city of Memphis will soon launch an ambitious anti-poverty initiative thanks to funding that a group of national foundations has pooled together at the request of New York City Mayor Michael Bloomberg.

Arts ‘All-Access Pass’

Bravo brings Memphis arts scene to young professionals

For close to 50 years, local foundation ArtsMemphis has offered various programs and fundraising efforts to support the vibrant arts community of the Memphis area.

Officers to Walk, Cycle Downtown Beat

Memphis police officers will be patrolling Downtown streets on foot and by bicycle starting next month.

Accredo Again Breaks Earnings Record

Accredo Health Group’s revenues hit $2.8 billion during the second quarter as the Memphis-based provider of specialty pharmaceuticals hit another sales record.

IDB Approves $45M in Revenue Bonds for Downtown Hilton

The Royal Phoenix Hotel project won approval of $45 million in taxable revenue bonds Wednesday afternoon from the Industrial Development Board.

Local Weather
Currently
Memphis, TN
68.0°F
Mostly Cloudy
Wind: South at 10.4 mph
Humidity: 68%

EVENTS

Christian Brothers University will host a child art therapy training workshop Thursday and Friday from 8 a.m. to 5 p.m. in the Cooper-Wilson Center for Life Sciences, room 105, on the CBU campus. To register, visit www.paintedchild.com.

more events »

EPA Adds Medtronic to Green Partnership

Medtronic Spinal and Biologics, one of the city’s largest purchasers of green power, has been recognized by the Environmental Protection Agency for its commitment to purchase 600,000 kilowatt-hours annually of electricity generated by the sun, wind or methane gas.

Thomas & Betts Sales Increase 11.6 Percent

Memphis-based Thomas & Betts Corp. on Thursday reported second quarter 2010 net sales of $514.6 million, up 11.6 percent compared to 2009, including $26.2 million in sales from acquisitions.

Charter Commissioners Consider Metro Council

Metro Charter commissioners are about to have a big debate about what a metro council

Kiesewetter Stays Busy With Health Care, Finance Reform

Jenny Kiesewetter hasn’t read a novel in a while, and it’s easy to see why.

Pyramid to Become ‘Cypress Swamp’

Memphis City Council members seem ready to put Bass Pro Shops in The Pyramid, as the council will vote on a lease between the company and the city next month.

Wrestlers Donate Time to Dropkick MED’s Money Woes

Grandparents and parents can revive memories of Saturday wrestling matches and share the thrill with their children this weekend during a family-friendly event to raise money for The MED Foundation.

Sen. Kyle Keeps Focus On Law Career

Jim Kyle has spent a long time in the Tennessee Senate, but a longer time as a lawyer.

A Belated Wedding Gift

Ray’s Take: June is the most popular month for weddings. Which means many newly hitched couples are now discovering the financial honeymoon is over as gift cards are exhausted and credit cards come due.

STATEWIDE

Flinn's Contributions Now $2.45M in 8th District

JACKSON, Tenn. (AP) — Memphis radiologist and broadcaster George Flinn has given another $450,000 to his bid for the Republican nomination in the 8th Congressional District on top of the $2 million he spent on his campaign through the first half of the year.

Ramsey, Wamp Now Airing Attack Ads in Gov's Race

NASHVILLE, Tenn. (AP) — Two of the three major candidates seeking Tennessee's Republican gubernatorial nomination are now airing negative ads.

REGIONAL

Ark. Surgeon General Says State Needs More Doctors

LITTLE ROCK, Ark. (AP) — Arkansas' surgeon general says he's worried that the state won't have enough medical providers to care for the thousands of newly insured covered under the federal health care overhaul.

NATIONAL BUSINESS

Bernanke: Fed to Hold Off on Steps to Aid Recovery

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the outlook for the economy remains "unusually uncertain" but that the Fed plans no specific steps "in the near term" to try to fuel the struggling recovery.

NATIONAL POLITICS

Obama Signs Sweeping Financial Overhaul Into Law

WASHINGTON (AP) – Reveling in victory, President Barack Obama on Wednesday signed into law the most sweeping overhaul of financial regulations since the Great Depression, a package that aims to protect consumers and ensure economic stability from Main Street to Wall Street.

A Piece-by-Piece Guide to Financial Overhaul Law

WASHINGTON (AP) — Two years after the global financial system nearly collapsed, a vast revamping of regulation has been signed into law. The measure targets the risky banking and oversight failures that led to the last crisis. The goal is to make another crisis less likely — and, if it does happen, less costly for taxpayers.

DOJ: Prosecutor Firing was Politics, Not Crime

WASHINGTON (AP) — The Bush administration's Justice Department's actions were inappropriately political, but not criminal, when it fired a U.S. attorney in 2006, prosecutors said Wednesday in closing a two-year investigation without filing charges.

REAL ESTATE

Mortgage Volume Increases 7.6 Percent Last Week

NEW YORK (AP) — Applications for home loans rose last week as rates on 30-year and 15-year fixed-rate loans sank to the lowest levels on the survey's record.

Relief Effort Fails Many at Risk Of Foreclosure

WASHINGTON (AP) – The Obama administration’s effort to help those at risk of losing their homes is failing to aid many and could spur a rise in foreclosures that would further depress the housing industry.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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