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VOL. 124 | NO. 145 | Monday, July 27, 2009

Local GOP Head Calls On Stanley To Resign

The first calls for the resignation of State Sen. Paul Stanley have begun within the Republican Party.

Priest Abuse Documents Get Final Edit

Thousands of pages of court records about allegations of child sexual abuse by Memphis Catholic priests could be released by the end of the summer. But much debate remains about whose names will be blacked out and whose won’t.

Banks Pay Back $30M in Interest on TARP Money

The federal government has collected almost $30 million in interest payments from Memphis-area banks that got emergency capital starting last year, according to a new report from the U.S. Treasury.

Strickland Decides Against Run For Memphis Mayor

The narrowing of the field begins.

Highland Hip

The Highland strip is growing a skyline. The Stratum on Highland Street, a five-story apartment complex, was the first new structure west of the University of Memphis to sprout last August on the storied commercial strip itself.

Local Weather
Currently
Memphis, TN
42.0°F
Fair
Wind: Northwest at 6.9 mph
Humidity: 76%

EVENTS

The Tennessee Beta Unit of Parliamentarians will meet today at 6 p.m. at the Poplar-White Station Branch Library, 5094 Poplar Ave. The educational topic will deal with the role and function of a teller’s committee.

more events »

Opinion: Highland Redevelopment Could Start a Chain Reaction

Whatever it is we want our institutions of higher education to become, it is clear our ambitions must stretch beyond campus borders.

Airport’s New Web Site Ready for Takeoff

Memphis International Airport today will launch a redesigned and reconfigured Web site, helping cyber visitors figure out where in the facility they can catch their flights or eat a barbecue sandwich.

Tactical Magic Conveys Brand Identity in Creative Forms

Tactical Magic compresses what a business is about into simple forms.

U.S. Attorney Touts Civil Rights

U.S. Attorney General Eric Holder was in Memphis last week to speak at the 26th annual meeting of the National Black Prosecutors Association.

Zoo President Gives Latest on Forest Trail

This fall, the Memphis Zoo is scheduled to open its latest attraction. Teton Trek will be a re-creation of a southwest U.S. ecosystem featuring grizzly bears, timber wolves, elks and cranes.

Opera Memphis Gets Creative In Hard Economic Times

Opera Memphis’ 2009-2010 season is being billed by the organization as offering “tests of fidelity, patience and sacrifice.” Mobility will also be a factor as the company stages two of its three productions in new venues.

10 Members of 'Memphis Mob' Indicted in NM

ALBUQUERQUE, N.M. (AP) - A Bernalillo County grand jury has indicted 10 members of a gang called the "Memphis Mob" on racketeering and other charges.

Tenn. Tax on Illegal Drugs Ruled Unconstitutional

NASHVILLE, Tenn. (AP) - The Tennessee Supreme Court ruled Friday that a state law that taxes illegal drugs is unconstitutional.

US Financial Oversight Reform Debated

WASHINGTON (AP) – U.S. Treasury Secretary Timothy Geithner said Friday that a new agency focused on protecting U.S. consumers is needed because the mission currently is too scattered among various regulators.

Bad Economy Sheds Light on Unlicensed Contractors

JACKSONVILLE, Fla. (AP) - When custom homebuilder Bob Liddell started seeing the decline in the housing market more than three years ago, he decided to supplement his business with home remodeling. But he ran into a different problem – competing with unlicensed contractors.

Swine Flu Could Strike Up to 40 Percent in 2 Years

ATLANTA (AP) - U.S. health officials say swine flu could strike up to 40 percent of Americans over the next two years and as many as several hundred thousand could die if a vaccine campaign and other measures aren't successful.

CIT Group Sweetens Debt Buyback Offer

NEW YORK (AP) - Small-business lender CIT Group Inc. said Friday it has sweetened some terms of a buyback offer for $1 billion of debt and repeated that it may have to seek bankruptcy protection if enough noteholders don't agree to it.

Citigroup Names Former Banking Regulator to Board

NEW YORK (AP) - Citigroup Inc. named three new outside directors Friday as the bank seeks to shift its focus back to traditional banking after it suffered a bruising hit from risky mortgage-backed securities.

Obama Offers Contest for US Schools

WASHINGTON (AP) - Using money as bait, President Barack Obama challenged U.S. states and school districts Friday to raise their academic standards, improve teacher quality and allow more innovation if they want a chance at roughly $5 billion in new grants.

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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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The Memphis News: Business, politics, and the public interest.