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VOL. 124 | NO. 165 | Monday, August 24, 2009

UPDATE: Long To Endorse Wharton

Scratch City Court Clerk Thomas Long from the race for Memphis mayor.

Another Black Eye for Commercial Real Estate

Sales down more than half since last year

Commercial real estate sales suffered yet another decline in July as the ongoing economic crisis and tightened lending landscape continued to wreak havoc on the market.

Sammons: Two Months Left For Cushy SUV

The administration of Memphis Mayor Pro Tem Myron Lowery is still dealing with agreements made during the tenure of former Mayor Willie Herenton. One of those involves a car lease for the Cadillac Escalade SUV that had been Herenton’s official transportation.

Attention Shifts From Health Care To Consumer Protection

Tennessee’s Robert Cooper Jr., along with 24 other state attorneys general, signed a letter a few days ago to U.S. congressional leaders supporting the creation of a new Consumer Financial Protection Agency.

Funding Floodgates Burst Open for Schools

Memphis City Schools Superintendent Kriner Cash had a very good week last week.

Local Weather
Currently
Memphis, TN
67.0°F
Fair
Wind: from the West at 16.1 gusting to 21.9 mph
Humidity: 44%

EVENTS

The Memphis Symphony Chorus will hold auditions to find new chorus members for the 2009-2010 season today at 6 p.m. at Balmoral Presbyterian Church, 6413 Quince Road. Interested people should call the Memphis Symphony office at 537-2500 or e-mail info@memphissymphonychorus.org.

more events »

Parents Carry on Murdered Son’s Business

Three months after the murder of their only child, Sean and Beverly Walker are turning their tears into sweat.

Braking Point: Inside MATA's identity crisis

The bus system in Memphis has an undeserved “mythology,” according to the people who run it. However, some who ride Memphis Area Transit Authority buses everyday – and many who don’t – contend the system is far from perfect.

Only a Much-Improved MATA Will Attract ‘Choice’ Riders

Memphis needs a bus system that works for people who have no other form of transportation AND for those of us who want to leave the car at home.

Brown: Adroit Use of Federal Money, Ridership Key for Light Rail

Democratic U.S. Rep. Corrine Brown is from Florida’s 3rd District, which includes Jacksonville and Orlando. She’s also chair of the rail subcommittee of the U.S. House Transportation Committee.

Dixon’s Civil War Exhibit Punctuated by Whitman’s Poetry

The Dixon Gallery and Gardens is attempting to tackle the environment of the American Civil War through the eyes of an unconventional poet in the current art exhibition “Bold, Cautious, True: Walt Whitman and American Art of the Civil War Era.” The exhibit, which opened last month, includes American masterpieces of the 1860s from collections across the country.

Harley-Davidson Looks at Four States in Plant Move

NEW YORK (AP) - Harley-Davidson Inc. is considering sites in four states for a possible relocation of its main motorcycle plant in Pennsylvania, a company spokesman said Friday.

DC Vote Reaching Nationwide for Lobbying Help

WASHINGTON (AP) - Advocates for a Washington, D.C., congressional seat are ramping up their lobbying efforts, seeking leverage on members of Congress by enlisting the help of their constituents far from the nation's capital.

National Home Sales Surge More Than 7 Percent in July

WASHINGTON (AP) – The U.S. housing market is rebounding quicker than expected, with home resales in July posting the largest monthly increase in at least 10 years as first-time buyers rushed to take advantage of a tax credit that expires this fall.

Last-Minute Negotiations Ease Some Foreclosures

LOUISVILLE, Ky. (AP) - Peter and Gina Fochtman sat stone-faced at the courtroom table. Across from them was the man who could determine their family's future: an attorney for the bank trying to foreclose on their home.

Poll: Americans Losing Confidence in Obama

WASHINGTON (AP) - A new poll says that Americans, concerned over the future of health care reform and anxious about the growing federal budget deficit, are losing faith in President Barack Obama.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 128 17,998
MORTGAGES 155 155 20,990
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 149 149 36,765
BANKRUPTCIES 60 60 11,985
BUSINESS LICENSES 19 19 5,696
UTILITY CONNECTIONS 49 49 12,297
MARRIAGE LICENSES 40 40 4,518

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