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VOL. 124 | NO. 130 | Monday, July 6, 2009

UPDATE: Lowery Bides Time On Mayoral Resignation

Council Takes Up Matter Tuesday

Memphis City Council chairman Myron Lowery told reporters Monday afternoon that he has no fight with outgoing Mayor Willie Herenton.

First Alliance Takes TARP Money

Another Memphis-area financial institution has sold preferred shares to Uncle Sam as part of the Troubled Asset Relief Program unveiled last year to boost the banking system.

Herenton Staying Put for Almost Three More Weeks

Memphis mayor Willie Herenton sent a letter Monday to City Council chairman and would-be mayor pro tempore Myron Lowery saying the mayor will delay for almost three weeks his resignation.

Banking Community Awaits More Scrutiny From Washington

Lawmakers in Washington are talking about new rules for a broad swath of financial companies and their transactions with customers.

There Goes the Neighborhood: New hope emerges in one of Memphis’ roughest areas

Hope and despair have co-existed for a long time along the stretch of Poplar Avenue between Danny Thomas Boulevard and Decatur Street. And for the past two years, the area has seen more change than just about any other inner-city avenue in Memphis.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: Southwest at 10.4 mph
Humidity: 51%


The Alzheimer’s Awareness Tour will stop in Memphis for a breakfast event today from 8 a.m. to 10 a.m. at the Embassy Suites Hotel, 1022 S. Shady Grove Road. The breakfast is free and will include information about the latest research and clinical studies. Space is limited. For reservations, call 877-307-8839 or e-mail info@newleafevents.com.

more events »

Poplar’s Patchwork Quilt Stitches Progress Amid Blight

For as long as most Memphians can remember, we’ve been a city of plans and studies. We seemingly can’t resist artists’ renderings, and particularly the ones depicting a skyline-altering structure by the Mississippi River – a river invariably drawn with blue water instead of the less attractive brown.

McWherter Talks About Personal Identity, Jobs Creation

The Republican pack of candidates for governor in 2010 emerged early this year, but Democrats are assembling a pack of their own for the governor’s mansion.

Maggie’s Pharm: Smelling Sweet and Staying Put

Customers lift their noses in curiosity when they walk into Maggie’s Pharm for the first time.

‘Wicked’ Turns Oz, The Orpheum Upside Down With Surprises

Dorothy’s famous line from “The Wizard of Oz” might be “There’s no place like home.” But in “Wicked,” the smash Broadway musical that turns perceptions of Oz and its inhabitants upside-down, that phrase is mouthed by the Wicked Witch of the West.

Web Retailers, States Tussle Over Tax Rules

NEW YORK (AP) - In a big break for online shoppers, Web retailers generally don't have to charge sales taxes in states where they lack a store or some other physical presence.

Banks Keep Hiking Rates As Credit Card Law Looms

NEW YORK (AP) – Credit card reform may be looming in the headlines, but for now the fine print is still hitting consumers hard.

Bad Economy Brings Out Scammers, Crackdown

WASHINGTON (AP) - The economic downturn appears to be bringing out the worst in some people.

Smart Spending: Make Home More Energy-Efficient

CHICAGO (AP) - Times may be tight, but in making your home more energy-efficient it's actually true that the more you spend the more you save.

New Year, New Tax Rate

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PROPERTY SALES 83 188 9,757
MORTGAGES 100 182 11,496
BUILDING PERMITS 194 328 20,638
BANKRUPTCIES 61 119 6,556

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