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VOL. 125 | NO. 131 | Thursday, July 8, 2010

MCS Funding Moves Closer to Ballot

The latest move in the three-year battle over city funding of Memphis City Schools could be a referendum on the Nov. 2 ballot.

Earth Conscious

Green wave sweeps local eateries

Some Memphis restaurants are finding it ain’t easy being green.

LUCB Rejects CVS Union Ave. Plan

Preservationists won a major victory Thursday in their battle to preserve a key point at the intersection of Union Avenue and Cooper Street, but at least one additional hurdle still must be cleared for the victory to be complete.

Memphis Bar Releases Judicial Candidates Poll Results

The Memphis Bar Association’s poll of most qualified judicial candidates on the Aug. 5 ballot is good news for the three appointed incumbents in the races.

Judge Sides With Morgan Keegan Investor

When a three-person arbitration panel affiliated with the Financial Industry Regulatory Authority decides how a dispute between an investor and a securities firm should be resolved, its ruling is almost never accompanied by an explanation.

Local Weather
Currently
Memphis, TN
80.0°F
Mostly Cloudy
Wind: West at 4.6 mph
Humidity: 76%

EVENTS

The University of Memphis School of Audiology and Speech-Language Pathology will host the Elizabeth J. Webster Visiting Scholar Institute Thursday from 9 a.m. to 4:30 p.m. in the auditorium of the Memphis Speech and Hearing Center, 807 Jefferson Ave. The seminar is free but reservations are required. For reservations, call 678-5800 or e-mail ausp@memphis.edu.

more events »

Candidates Feast on Issues During Memphis Stops

It was doughnuts for Bill Haslam and barbecue for Mike McWherter during stops in the Memphis area this week.

Law Takes Ruby Wharton On Interesting Journey

She brings to the table more than 40 years of law experience in areas that include contract disputes, domestic relations, employment discrimination, personal injury and probate matters. She has practiced extensively in the Chancery, Circuit, Probate and Federal courts.

Avoiding Joint Bank Account Risks

Ray’s Take: I’ve talked to many clients whose bankers or adult children suggest they add the child’s name to their bank accounts. The rationale is that if anything happens to the parent, such as illness, injury or death, the child can instantly access the money to pay bills.

Stimulus Funds New Christ Community Dental Clinics

Federal stimulus money financed the construction of two dental clinics for Christ Community Health Services, but the 24 permanent positions created by the project will carry on after that funding has run its course.

STATEWIDE

Dad Says Tenn. License Office Tried to Take Papers

NASHVILLE, Tenn. (AP) — A Tennessee father says the Puerto Rican birth certificates for his two daughters were nearly confiscated at a driver's license station in Dyersburg.

Corps: Dams Have up to $60 Million Flood Damage

NASHVILLE, Tenn. (AP) — Communities along the Cumberland River are waiting see how much money the U.S. Army Corps of Engineers will get to repair its facilities after May flooding.

NATIONAL BUSINESS

Auto Dealers, Local Banks Avoid Consumer Oversight

WASHINGTON (AP) – The financial overhaul bill awaiting final action in the Senate includes a new regulator whose aim is to make sure mortgages, credit cards and other products from big banks don’t abuse or confuse you. But if you want your auto dealer to arrange a car loan or get a community bank to extend you a credit line, be sure to read the fine print.

Fed to Hold Forum to Boost Small-Business Lending

WASHINGTON (AP) — The Federal Reserve said Wednesday it will hold a forum next week to explore ways to improve the flow of lending to small businesses.

Obama Naming 18 to Advisory Council on Exports

WASHINGTON (AP) — President Barack Obama declared good progress Wednesday on his pledge to double U.S. exports over the next five years, saying America's sales abroad were up 17 percent in first four months of this year.

Feds Ask Court to Reinstate Drilling Moratorium

NEW ORLEANS (AP) — Federal authorities have asked an appeals court to reinstate a moratorium on deepwater drilling declared after BP's oil well blew out in the Gulf of Mexico.

OECD: Rich Country Unemployment May Have Peaked

PARIS (AP) — Unemployment in rich countries may have peaked — but there are still 17 million more people out of work than at the start of the crisis, the OECD said Wednesday.

Rates Rise as Traders Exit Treasurys, Buy Stocks

NEW YORK (AP) — Interest rates rose in the bond market Wednesday as bargain-hunting investors shifted money out of Treasurys and into riskier assets like stocks.

REAL ESTATE

Mortgage Applications Rise 7 Percent as Rates Fall

WASHINGTON (AP) — Applications for home loans rose last week as consumers raced to refinance at the lowest rates in decades.

HEALTH CARE

Obama Bypasses Senate for New Health Program Chief

WASHINGTON (AP) — President Barack Obama bypassed the Senate on Wednesday by by appointing an educator to head the government's two main health programs while Congress was not in session.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
FORECLOSURE NOTICES 19 63 2,202
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926
BUSINESS LICENSES 23 136 4,701
UTILITY CONNECTIONS 23 141 5,534
MARRIAGE LICENSES 15 88 2,982

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