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VOL. 127 | NO. 168 | Tuesday, August 28, 2012

Commercial Sales Drop 36 Percent

Local commercial real estate sales in July posted a 36 percent decrease from the same period a year ago.

Being Rainbows

Angelou encourages Memphians to shine during storms

American literary and civil rights icon Dr. Maya Angelou repeatedly encouraged audience members to “be a rainbow in somebody’s cloud” Saturday, Aug. 25, at the Cannon Center for the Performing Arts in Downtown Memphis, during the Agape HeartLight 2012 benefit.

Commission Overrides Sales Tax Referendum Veto

There is about to be a swap on the Nov. 6 ballot.

Archer-Malmo Division Adds To Portfolio

The new division that ad firm archer-malmo launched last year to invest money and creative capital into digital startups is continuing to expand its portfolio of companies.

Venson Center Work Kicks Off Heritage Trail

The ambitious $1 billion, 10-year redevelopment project called Triangle Noir during former Memphis Mayor Willie Herenton’s administration is now called Heritage Trail.

Local Weather
Currently
Memphis, TN
70.0°F
Fair
Wind: Calm mph
Humidity: 87%

EVENTS

The Society for Human Resource Management Memphis chapter ethics council will hold a Dutch treat breakfast Tuesday, Aug. 28, from 7:30 a.m. to 9 a.m. at Treetops Cafe at International Paper, 6400 Poplar Ave., tower 3, room 100. The topic is “You’ve Got a Code … Now What? Training Your Employees.” Cost is $5. R.S.V.P. to cynthia@hrprosmemphis.com.

more events »

Leaders Lay Ground Work for Municipal Districts

With the Aug. 2 referendums behind them, most of the suburban leaders in Shelby County are moving toward a rapid transition to establishing school districts. And it has gone largely unnoticed.

REAL ESTATE RECAP

McDonald’s Buys Lamar Retail Center for $850,000

2342 Lamar Ave., Memphis, TN 38114 -
McDonald’s Real Estate Co. has paid $850,000 for a strip shopping center at the intersection of Lamar Avenue, South Trezevant Street and Deadrick Avenue in the Defense Depot area.

LOCAL COLUMNISTS

Calvary Mission Building Hope

Last week we highlighted Agape Child & Family Services, a Christian-based organization that is providing children and families with healthy homes. This week let us discuss an independent, Christian organization focused on rebuilding the lives of homeless men while ministering to their physical and emotional needs and working to restore them to personal and spiritual fulfillment: Calvary Rescue Mission.

Taxes, Spending Cuts Lead To Recession Prediction

Cliff Avoidance 2 Last week, the Congressional Budget Office (CBO) released an update to its budget and economic outlook for the ensuing 10 years. You could probably count on one hand the number of times that official government organizations actually predict recessions.

REGIONAL

Arkansas Prepares for Arrival of Isaac Evacuees

LITTLE ROCK, Ark. (AP) – Arkansas officials are preparing to accommodate people evacuating from the path of Tropical Storm Isaac.

Miss. Reports 10 New West Nile Virus Cases

JACKSON, Miss. (AP) – The Mississippi State Department of Health is reporting 10 new cases of the West Nile virus.

NATIONAL BUSINESS

Most Americans Say the Rich Don't Pay Enough Taxes

WASHINGTON (AP) – As the income gap between rich and poor widens, a majority of Americans say the growing divide is bad for the country and believe that wealthy people are paying too little in taxes, according to a new survey.

Oil Sinks on Reserve Release Talk

NEW YORK (AP) – The price of oil fell Monday as the threat to production from Tropical Storm Isaac appeared to lessen and traders speculated about a release of oil from U.S. reserves.

Navistar CEO Steps Down, Interim Replacement Named

LISLE, Ill. (AP) Navistar International Corp. said Monday that its CEO has stepped down and named an interim replacement.

TECHNOLOGY

What Apple's Billion-Dollar Victory Means for Consumers

NEW YORK (AP) – Apple's $1 billion court victory over Samsung poses a lot of questions for consumers. Will Samsung phones still be available for sale? Will they be more expensive? Will owners of existing phones need to worry?

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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