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VOL. 123 | NO. 170 | Friday, August 29, 2008

Memphis School Board Race In Limbo

It looked like Memphis school board member Stephanie Gatewood was on her way to re-election without opposition on the Nov. 4 ballot.

Builder Defies Housing Slump

Someone forgot to tell Barry Watson about the housing slump. The owner of Eads-based Barry Watson Homes LLC is having a banner year, leading all Shelby County homebuilders in sales with 58 through the end of July. That’s far ahead of his 2007 sales pace, which was just 17. Watson also has led the county in sales during four of the first seven months of 2008, ranking near the top in the other three.

Political Groups Seek to Clarify Ballot Language

Voters in the Nov. 4 election have more than names to sort through on the ballot. They also have some complex questions to decide about changing the city of Memphis charter.

Eye Clinic Opens In Whitehaven Neighborhood

Tommy Childress and his friend and co-worker, Stan Pike, were out on a hunting trip when their conversation turned toward possible business opportunities. Pike mentioned to Childress that he knew of a community where, if it was possible to get the money together, it would be a good place to open an optometry office. But not just a clinic where people pick up glasses; they wanted to focus heavily on the medical end of the spectrum.

Holder to be Sworn In As First Woman Chief Justice

Justice Janice M. Holder has been tapped to serve as the chief justice of the Tennessee Supreme Court. Holder will be the first woman in the state’s history to serve as the chief justice, and she currently is the third woman ever to serve on the Supreme Court in the state’s history.

Local Weather
Currently
Memphis, TN
86.0°F
Mostly Cloudy
Wind: Variable at 3.5 mph
Humidity: 61%

EVENTS

The Memphis Farmers Market will celebrate Labor Day Weekend at its weekly market Saturday from 7 a.m. to 1 p.m. at the Central Station Pavilion at the corner of South Front Street and G.E. Patterson Avenue. For more information, visit www.memphisfarmersmarket.com.

more events »

Economy Rebounds In Second Quarter

WASHINGTON (AP) – The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.

Consumers Chosen To Test Hydrogen Cars

WASHINGTON (AP) – Tom Albert drove his loaner Chevrolet Equinox like any other car.

Renters Insurance: Why It's Essential

NEW YORK (AP) - The population of renters across the country is growing, edged up in part by a slumping housing market.

Microsoft's Newest Browser May Block Ads

SEATTLE (AP) - The next version of Microsoft Corp.'s Web browser makes it easier for people to surf the Internet without leaving a trace.

Fannie Mae Shakes Up Management Team

WASHINGTON (AP) - Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose for the third straight day as investors appeared less certain a government bailout of the two troubled companies is imminent.

Big Three Auto Dealers Squeezed

The credit crunch squeezing Detroit's Big Three auto makers is now spreading to some of their dealers, adding financial pressure to a group already strained by this year's big drop in auto sales.

Union Pacific Redirecting Trains from New Orleans

NEW YORK (AP) - Union Pacific, the nation's largest railroad, is redirecting rail traffic from New Orleans to two other cities in preparation for a possible strike by Tropical Storm Gustav.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 374 8,123
MORTGAGES 52 433 9,632
FORECLOSURE NOTICES 22 103 1,461
BUILDING PERMITS 218 906 17,513
BANKRUPTCIES 45 252 5,658
BUSINESS LICENSES 0 143 3,091
UTILITY CONNECTIONS 24 152 3,402
MARRIAGE LICENSES 38 158 1,846

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