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VOL. 123 | NO. 147 | Tuesday, July 29, 2008

MCS Seeks Waiver From State

Closing arguments will be heard Aug. 11 in the Shelby County Chancery Court case over the issue of local funding for Memphis City Schools. But an effort is under way by some of the parties involved in the case to make sure a political solution – rather than a court of law – puts the issue to bed.

Property Values Shrink Downtown

The housing market is continuing to leave its fingerprints on already-stretched balance sheets in the Tennessee statehouse as well as on those of municipal agencies and government boards closer to home in Memphis.

Downtown Dolls Loses Courtroom Battle

A Downtown strip club owner has lost the opening round of a federal court fight with the city.

Pay Suit Against Baptist Grows To 30 Plaintiffs

A lawsuit alleging Baptist Memorial hospitals engage in unfair pay practices has grown from two plaintiffs who filed the suit late last year to now include nearly 30 plaintiffs.

8K Early Voters Cast Ballots So Far

Just more than 8,000 citizens voted early through Friday in advance of Shelby County’s Aug. 7 election day.

Local Weather
Currently
Memphis, TN
75.0°F
Overcast
Wind: South at 10.4 mph
Humidity: 46%

EVENTS

The East Memphis Kiwanis Club will meet today at noon at The Racquet Club of Memphis, 5111 Sanderlin Ave. Dennis Wilson, research associate professor at the Sparks Bureau of Business and Economic Research at the University of Memphis, will speak about the Memphis economy. For more information or reservations, e-mail Mathis Young at mathis.young@bankparagon.com.

more events »

Mercedes Benz of Memphis To Renovate Dealership

5389 Poplar Ave., Memphis, TN 38119, Permit Cost: $2 million -
Mercedes Benz of Memphis will do a renovation of its location on Poplar Avenue just east of Estate Drive. Richard Meena, vice president of Montgomery Martin Contractors, said they will be adding a new showroom and a new car wash, as well as performing general site work improvements, including some additions to the parking lot.

Homeowner Rescue Plan Awaits President Bush’s Signature

WASHINGTON (AP) – Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign it promptly, despite reservations.

White House Lowers Economic Growth for 2008, 2009

WASHINGTON (AP) - The White House on Monday lowered its forecast for economic growth this year and next and said unemployment is likely to rise as housing and financial debacles along with high energy prices take their toll.

Administration OKs New Way to Help Mortgage Market

WASHINGTON (AP) - The Bush administration and federal banking regulators joined with the nation's four largest banks Monday to endorse a new way to pump money into the battered U.S. mortgage market.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
MARRIAGE LICENSES 29 121 4,478

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