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VOL. 126 | NO. 130 | Wednesday, July 6, 2011

Council Races Slow to Develop

Only two weeks remain before the qualifying deadline for candidates on the Oct. 6 Memphis election ballot, but there aren’t very many names on the ballot so far – just 13.

British Invasion

Memphis Rock ‘n’ Soul Museum unveils Beatles exhibit

Right before visitors to the Memphis Rock ‘n’ Soul Museum enter a hallway at the end of the tour that takes them past a guestbook and leads into the gift shop, they’ll walk past a collection of black-and-white photos.

City Council Still Debating Budget Decision

In some ways, the city budget season isn’t over just yet.

‘Ask ABC’ Answers Construction Questions

The largest commercial and industrial construction association in West Tennessee is leveraging its size, resources and expertise to provide reliable and timely construction-related information to its members and the community.

Lambuth Aims to Clear Debts

As the June 30 deadline for closing Lambuth University came and went last week, the Jackson, Tenn., private school was out of business but still in limbo.

Local Weather
Currently
Memphis, TN
81.0°F
Thunderstorm in Vicinity
Wind: Calm mph
Humidity: 58%

EVENTS

Talk Shoppe will present “How to Improve Your Credit Scores & the Credit Simulator” Wednesday, July 6, from 9 a.m. to 10 a.m. at Hyatt Place, 9161 Winchester Road. For more information, call Jo Garner at 482-0354.

more events »

Burke Recognized As Outstanding Faculty Advisor

Tracie L. Burke, director of the Honors Program and Chair/Professor of Behavioral Sciences at Christian Brothers University has been named Tennessee’s Outstanding Faculty Advisor by the National Academic Advising Association.

LOCAL COLUMNISTS

Turn Weaknesses To Strengths

I was reading in Psychology Today about a new book, “A First-Rate Madness,” whose author, Nassir Ghaemi, describes historical figures who exhibited symptoms of mental illness. Among them were Winston Churchill and Abraham Lincoln, who, according to the Tufts psychiatrist, had “an eye for assessing tough situations because of their ‘depressive realism.’”

10 Twitter Tips You May Be Missing

Editor’s Note: This is the second in a two-part series.

STATEWIDE

Storm Spotters Help Forecasters Warn of Danger

NASHVILLE (AP) – Who wouldn't want to be that guy? The one whose timely warning saves lives when violent weather strikes.

Program Furnishes Apartments of Formerly Homeless

NASHVILLE (AP) – A new program in Nashville provides furnishings to homeless people entering a new apartment.

REGIONAL

Finance Report: Arkansas' Revenues Above Forecast

LITTLE ROCK, Ark. (AP) – While most states struggled to break even this year, tight-fisted Arkansas had enough in the bank to cover its bills and, as it turns out, end the year with a more than $90 million surplus.

NATIONAL BUSINESS

Factory Orders Increase

WASHINGTON (AP) – Businesses requested more airplanes, autos and oil drilling equipment in May. The jump in factory orders after a sluggish spring suggests supply disruptions stemming from the Japan crisis are fading.

Stores Find Success by Focusing on the Hunt

Trader Joe's, the specialty grocery chain, might not have the cheapest toilet paper or the most varieties of ketchup, but it hooks customers with mango butter, chocolate-covered pomegranate seeds and cilantro-and-jalapeno hummus.

Gallup: Slight Uptick in Trust in Newspapers, TV

WASHINGTON (AP) – Public confidence in newspaper and television news has picked up slightly in recent years but still lags behind levels of trust from two decades ago, a Gallup poll shows.

Wendy's Parent Completes Arby's Sale, Changes Name

ATLANTA (AP) – Wendy's/Arby's Group Inc. on Tuesday said it completed the sale of Arby's Restaurant Group Inc. to Atlanta-based private equity firm Roark Capital Group, and dropped the roast beef sandwich chain from its name.

NATIONAL POLITICS

House Panel to Take Up 3 Trade Agreements

WASHINGTON (AP) – House Republicans are bucking demands from the Obama White House to include renewal of a U.S. job training assistance program in long-pending legislation providing free-trade agreements with South Korea, Colombia and Panama.

Recession Hits Transit Budgets Despite Rising Need

BOSTON (AP) – Cash-strapped and debt-ridden, public transit systems across the nation are trimming service, raising fares and postponing badly needed upgrades just to maintain daily operations, even as rising gas prices increase demand and experts call modernization critical to cities' futures.

New Air Traffic Control System at Crossroads

WASHINGTON (AP) – The Federal Aviation Administration is creating a new air traffic system that officials say will be as revolutionary for civil aviation as was the advent of radar six decades ago. But the program is at a crossroads.

GOP Uses Budget, Other Tools to Sap Financial Law

WASHINGTON (AP) – Congressional Republicans are greeting the one-year anniversary of President Barack Obama's financial overhaul law by trying to weaken it, nibble by nibble.

Shuttle Cost: More Than AIG Bailout, Less Than War

CAPE CANAVERAL, Fla. (AP) – At $196 billion, the amount of money taxpayers spent during the lifetime of the space shuttle program seems astronomical.

HEALTH CARE

Analyst Sees Fallout Over Medtronic’s Infuse

WASHINGTON (AP) – Shares of medical device maker Medtronic fell Tuesday, July 5, after a Wells Fargo analyst said a recent medical journal report on the company’s spine device will reduce sales and attract scrutiny from federal regulators and prosecutors.

Medicare 'Doughnut Hole' Looms for Drug Customers

The federal health care overhaul delivers deep price cuts this year that will benefit Medicare prescription drug customers who fall into a coverage gap known as the "doughnut hole." But limited coverage still may pose a financial challenge for a few more years.

REAL ESTATE

Borrowers Sue Over Apparent Loan Mod Mishaps

LOS ANGELES (AP) – It seemed Maria Campusano's financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 312 16,192
MORTGAGES 0 293 18,685
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 655 33,126
BANKRUPTCIES 0 237 10,737
BUSINESS LICENSES 0 112 5,198
UTILITY CONNECTIONS 0 127 11,344
MARRIAGE LICENSES 0 94 3,867

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