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VOL. 126 | NO. 156 | Thursday, August 11, 2011

Schools Consolidation Case Far From Over

U.S. District Court Judge Hardy Mays met with all sides in the Memphis City Schools/Shelby County Schools consolidation case the day after he ruled in the case that will change the face of local public education.

Natural Selection

Overton Park supporters take next step toward forming conservancy

Overton Park may be the next city-owned park to fall under nonprofit management.

$20M in Improvements on Tap for One Commerce

Plans for $20 million worth of tenant improvements are coming right along at One Commerce Square.

County School Board Requests Info From MCS

Shelby County Schools board members sent a long list of requests for very specific information to Memphis City Schools officials Wednesday, Aug. 10. The 20-part resolution is the county school board's first formal response to this week's ruling in the federal court lawsuit over schools consolidation.

Chamber Fires Up 2011 Membership Drive

The Greater Memphis Chamber could not exist without the support of its members. That is why every year the nonprofit economic development organization holds a membership campaign with the aid of its current investors to encourage new membership and spark growth.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: Variable at 6.9 mph
Humidity: 51%


Family Dollar will commemorate the grand opening of its 7,000th store Thursday, Aug. 11, from 7:45 a.m. to1 p.m. at the 7,000th store, 656 S. Highland St. The event will include prizes, deals, games, products and light catering.

more events »

HopeWorks, Businesses Give Hope Through Internships

A number of local businesses are offering hope to the city’s chronically unemployed in the form of internships that provide real-world, on-the-job training.

Family Law Firm Moves to Clark Tower

After more than a decade with an office Downtown at 100 North Main St., the law firm of Richter & Rasberry PC has shifted east.

New Law Scholarship Honors Dr. Hooks

Corey Strong, a graduate of White Station High School and the U.S. Naval Academy who recently returned home to Memphis from a tour of duty in Afghanistan, is the first recipient of a new college scholarship in honor of the late civil rights pioneer Benjamin L. Hooks.

Waterford Place Apartments Sells in Foreclosure for $18.2M

Waterford Place Apartments at 8037 Waterford Circle in Southeast Shelby County’s 38125 ZIP code has sold for $18.2 million in a substitute trustee’s sale following a foreclosure. The complex sold May 11 but wasn’t recorded by the Shelby County Register of Deeds until this week.

Freedom Awards Expand for NCRM’s Anniversary

The National Civil Rights Museum will honor 14 people and two civil rights organizations at its 20th annual Freedom Awards in November.

Morrison Settles in After Joining Ogletree Deakins

Labor and employment law caught Carl Morrison’s attention immediately after graduating from the University Of Memphis Cecil C. Humphreys School Of Law.


Conquering College Costs

Ray’s Take: Kids grow up fast and college is expensive. These are two facts you can’t get around. If you plan to save for their college education, the best time to start is when they’re in diapers. But, whenever you begin, check out the saving plans available to you. They offer different advantages and drawbacks, depending on your needs.

Netflix Nirvana

Regarding the recent piece on “Friday Night Lights,” David from Chattanooga writes, “Good column. I’ve not seen the show, but your piece made me want to watch it. And I have Netflix, too!”


US Education Secy. Says Tenn. Courageous in Reform

NASHVILLE (AP) – U.S. Education Secretary Arne Duncan applauded Tennessee Gov. Bill Haslam and other state leaders for what he called courage in making education reforms.

Pfizer Ending Manufacturing at Bristol Plant

BRISTOL, Tenn. (AP) – Pharmaceutical company Pfizer Global Supply is ending manufacturing and logistics operations at its Bristol, Tenn., facility, but the plant will continue its commercial and support operations.

West Tenn. Reported Lagging in Business Investment

UNION CITY, Tenn. (AP) – A new Delta Regional Authority study shows many communities in West Tennessee continue to struggle with accessing basic resources to invest in their businesses and create jobs.


Arkansas Getting $33 Million in HUD Funding

LITTLE ROCK, Ark. (AP) – The state of Arkansas and the cities of Fort Smith and West Memphis will share $33 million in U.S. Department of Housing and Urban Development funding to support community development and produce more affordable housing.


The iPad Trumps Oil: Apple is Most Valuable US Co.

NEW YORK (AP) – Investors seem to think you want an iPad more than oil, as Apple Inc. became the most valuable company in the United States, surpassing Exxon Mobil Corp. on Wednesday.

Chart-Based Trading Behind Big Market Swings

NEW YORK (AP) – Support levels. Moving averages. Breakouts.

Job Openings Rose in June, Though Levels are Low

WASHINGTON (AP) – Employers posted more job openings in June and layoffs fell, a sign that hiring could improve a bit in the coming months.

Capital One to Buy HSBC US Credit Card Arm

McLEAN, Va. (AP)Capital One Financial Corp. said Wednesday that it will buy the U.S. credit card arm of Britain's HSBC for a premium of about $2.6 billion as a way to expand its domestic credit card business.


Debt Panel Members Prompt Doubts

WASHINGTON (AP) – A conservative Texas Republican congressman has been chosen by House Speaker John Boehner to co-chair a powerful new committee tasked to find a bipartisan plan to slash the federal budget deficit by over $1 trillion.

Federal Deficit Tops $1T for 3rd Straight Year

WASHINGTON (AP) – The nation's budget deficit has topped $1 trillion for a third straight year, adding pressure on Congress and the White House to make more progress a long-term plan to shrink the growing imbalance.


Gov't Considers Turning Foreclosures Into Rentals

WASHINGTON (AP) – The Obama administration may turn thousands of government-owned foreclosures into rental properties to help boost falling home prices.


Health Plan Rules: What Counts as an Emergency?

When is an emergency not an emergency? In health care, that can be a costly distinction.

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PROPERTY SALES 94 494 11,526
MORTGAGES 99 552 13,427
BUILDING PERMITS 135 926 24,165
BANKRUPTCIES 63 276 7,473

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