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VOL. 127 | NO. 160 | Thursday, August 16, 2012

Board to Make Ad Hoc Choices

Countywide school board members meet Thursday, Aug. 16, to take another step toward the selection of a single superintendent to oversee the schools merger process.

Market Entrance

Panda Express launches Memphis presence with Cordova locale

The quick-service food concept Panda Express has entered the Memphis retail market on the city’s highest-trafficked surface street.

Wharton, Luttrell Will Take Airport Concerns to Nashville

Memphis Mayor A C Wharton Jr. and Shelby County Mayor Mark Luttrell are meeting Monday, Aug. 20, in Nashville with Gov. Bill Haslam about possible incentives for Memphis International Airport.

Tech Media Site Relocating To Memphis - and Bringing Conference Here

Nibletz.com, which bills itself as “the voice of startups everywhere else,” is moving its base of operations to Memphis, after considering a few other cities – and what reportedly were sweeter incentives elsewhere.

Wharton 'Troubled' By County Sales Tax Hike

Memphis Mayor A C Wharton Jr. has been talking with Shelby County Commissioners representing city districts about changing their votes for a countywide sales tax increase referendum.

Local Weather
Currently
Memphis, TN
42.0°F
Rain Fog/Mist
Wind: Northeast at 8.1 mph
Humidity: 96%

EVENTS

Memphis Breakfast Rotary Club will meet Thursday, Aug. 16, at 7 a.m. at The Racquet Club of Memphis, 5111 Sanderlin Ave. Shelby County Mayor Mark Luttrell will speak. Contact Mark Edwards at medwards@bankofbartlett.com.

more events »

Questions Stack up for Unincorporated County

Countywide school board member David Reaves said he didn’t know on Tuesday, Aug. 14, enough times that a standing-room-only crowd at Bolton High School began to anticipate the answer to their questions about where there children would attend school in the first year of the schools merger.

South Main Athletic Club, Cafe Wins $200K Loan

After some initial concerns by the Center City Development Corp. board, a local development team has received the green light to move forward with its plans to renovate the 26,500-square-foot building at 387 S. Main St. into a mixed-use development that will include an athletic club and café.

MALS History Stretches Far Back

Context for a capital drive launched by Memphis Area Legal Services Inc. to pull the organization back from the financial brink can be found in MALS’ history, including its formation in the wake of the death of Dr. Martin Luther King Jr.

MEMPHIS LAW TALK

Law Career Lets Gee Fulfill Mission of Helping People

Peter Gee Jr. was recently named a partner with the Memphis office of Morgan & Morgan, one of the Southeast’s largest consumer protection and injury law firms.

LOCAL COLUMNISTS

5 Best Practices For Leveraging Pinterest

Part two of a two-part series Virtual scrapbooking site Pinterest has quickly taken the world of social media by storm, leaving some business owners and marketers scratching their heads about how exactly to leverage their time investment accordingly.

Modern Crossword Humor

The past two weeks I’ve highlighted some stuff in New York Times crossword history that served to give crosswords a bad name. That is, obscure, nobody’s-ever-heard-of-‘em words and their clumsy, who-gives-a-darn clues. My focus was exclusively on the Farrar and Maleska Eras, so called for the Times’ first and third puzzle editors.

MEMPHIS AREA

Inspection Finds Overcrowding at Memphis VA's ER

MEMPHIS (AP) – Chronic overcrowding in the emergency department of the Memphis Veterans Affairs hospital led to some patients waiting up to 14 hours to be admitted or transferred to another hospital, according to a new inspection report released Wednesday from the VA Inspector General.

NATIONAL BUSINESS

US Economic Recovery is Weakest Since World War II

WASHINGTON (AP) – The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.

US Consumer Prices Flat for 3rd Time in 4 Months

WASHINGTON (AP) – US consumer prices were unchanged in July from June, as a small drop in energy costs offset slightly higher food prices. The consumer price index hasn't increased since March, evidence that the weak economy is keeping inflation in check.

EPA to Approve Grain Sorghum for Cleaner Ethanol

BISMARCK, N.D. (AP) – The federal government is on the verge of approving a grain mainly used as livestock feed to make a cleaner version of ethanol, a decision officials say could give farmers a new moneymaking opportunity, boost the biofuels industry and help the environment.

REAL ESTATE

Feds Tighten Appraisal Rules for Risky Mortgages

WASHINGTON (AP) – New federal rules proposed Wednesday would require all high-risk mortgage lenders to obtain property appraisals for the first time.

US Homebuilder Confidence at 5-Year-High in August

LOS ANGELES (AP) – U.S. homebuilders grew more confident in the housing recovery in August, as many reported that prospects for sales are the best they've been since the home bubble burst five years ago.

TECHNOLOGY

Major Retailers to Launch Mobile App for Payments

NEW YORK (AP) – A bevy of big-name retailers including Wal-Mart Stores Inc., Best-Buy Co. and Target Corp., are teaming up to create a company that will give customers another way to make purchases: with their cellphones.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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