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VOL. 126 | NO. 132 | Friday, July 8, 2011

Stakes ‘Enormous’ in Debt Decision

The U.S. government has around three weeks left to resolve the high-stakes confrontation over raising the country’s so-called debt ceiling, to draw up legislative language, get a bill to pass both chambers of Congress and get it on President Barack Obama’s desk to sign.

Bridging the Gap

Transportation planners ponder best place for new Mississippi River span

Between now and the end of the year, transportation planners in the tri-state area and beyond will round up the final work product that will go into the preliminary search for a new Mississippi River bridge at or near Memphis.

Pinnacle Taps Frontier's Christie as New CFO

Edward Christie is the new vice president and chief financial officer of Memphis-based Pinnacle Airlines Corp.

Trinity Place Sells For Third Time In Five Years

A Cordova retail center is under new ownership for the third time in five years. Atlanta-based Altus Real Estate Advisors LLC has purchased Trinity Place, 7990 Trinity Road, for $2.8 million.

Carpenter Out Of Chairman’s Contest

Shelby County Commissioner Mike Carpenter won’t be seeking the chairmanship of the body next week when the commission chooses its leader for a one-year term to start Sept. 1.

Local Weather
Memphis, TN
A Few Clouds
Wind: South at 4.6 mph
Humidity: 90%


The Rotary Club of Memphis Central will meet Friday, July 8, from 11:45 a.m. to 1 p.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Dee Floyd of Methodist Hospice will speak. Cost is $20 for nonmembers. For reservations, call Karen Shea at 683-9099.

more events »

Sea of Blue

Officers honor slain policeman Warren

Hundreds of law enforcement vehicles from Memphis and surrounding areas formed a "sea of blue" procession through Downtown Memphis Thursday evening to honor slain Memphis policeman Timothy Warren. The squad cars went from The Pyramid south on Front Street and passed the site of Warren's death at the DoubleTree Hotel.

Second Madison Meeting Maps Out Bike Lanes

A group of more than 100 citizens got a chance to do more than just look at maps of Madison Avenue on Wednesday, July 6.

MAAR: June Home Sales Improve 4.5 Pct.

The housing market may be inching its way to recovery, as the Memphis Area Association of Realtors has reported a 4.5 percent increase in June home sales.

Beer Pairing Events Brewing in Memphis

Local chefs and restaurateurs are hoping to show more people that beer pairs up just as well, and in many cases better, with fine food as wine has traditionally been known for in the past.

Hyde Takes Reins Of Alco Management

After starting at Alco Management Inc. in 2002, Robert Hyde has been named president of the company that has become a national leader in affordable housing during the past 35 years.


Chain Reaction

PASS THIS ON. My brother just sent me a chain letter. Within 10 minutes, a friend of his sent the same one. Both suggested it might be a column. Both are respected journalists, published authors – two seasoned guys who live in D.C. and wear their cynicism as proudly and visibly as a Heidelberg dueling scar – and both are suggesting I pimp a chain letter.

Summertime Fundraising Blues

Part one in a two-part series. For some organizations summertime is “downtime,” in terms of fundraising. The special events of spring are over, families are on vacation, and year-end appeal letters won’t go out for months. So what’s a fundraiser to do? Here are some ideas.


Preliminary TCAP Data Show Improved Scores

MURFREESBORO, Tenn. (AP) – Gov. Bill Haslam on Thursday applauded the state's improved standardized test scores but acknowledged more work has to be done to meet federal regulations.


Tupelo Awaits USPS Decision

TUPELO, Miss. (AP) – U.S. Postal Service officials say the agency can save $491,000 a year by sending Tupelo's outgoing and incoming mail operations to Grenada


Job Outlook Rises as Reports Suggest More Hiring

WASHINGTON (AP) – June may turn out to have been a good month to find a job after all.

Retailers Post Strong June Sales

NEW YORK (AP) – Colossal discounts enticed consumers to shop like it was 1999 last month. But higher prices ahead could cause the party to end soon.

Buffett Sees Risks in Failing to Hike Debt Ceiling

OMAHA, Neb. (AP) – Billionaire investor Warren Buffett said Thursday Congress is playing a dangerous game by considering not raising the U.S. debt ceiling.

JPMorgan Pays $211M to Settle Bid-Rigging Charges

WASHINGTON (AP)JPMorgan Chase & Co. has agreed to pay $211 million after admitting one of its divisions rigged dozens of bidding competitions to win business from state and local governments.


Obama Calls Meeting With Leaders ‘Constructive’

WASHINGTON (AP) – Deadline approaching, President Barack Obama said he and congressional leaders worked through a "very constructive" debt-crisis session Thursday with congressional leaders but the parties were still far apart on deficit reduction proposals. He said he would reconvene the negotiators on Sunday.

House and Senate Panels Take Up 3 Trade Bills

WASHINGTON (AP) – House and Senate trade leaders said Thursday they were looking at a compromise solution to extend a worker assistance program that has become the primary obstacle to congressional approval of free trade agreements with South Korea, Colombia and Panama.


Gov't Eases Foreclosure Rules for Unemployed

WASHINGTON (AP) – The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program.

Rate on 30-year Fixed Mortgage Rises to 4.60 Pct

WASHINGTON (AP) – Fixed mortgage rates rose this week by the most in four months.


Grisly Labels Not so Scary for Cigarette Sales

RICHMOND, Va. (AP) – The nation's top tobacco companies' sales aren't expected to go up in smoke despite new grisly warning labels that are set to appear on U.S. cigarettes packs next year.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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