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VOL. 126 | NO. 153 | Monday, August 8, 2011

Mays Rules Schools Consolidation in 2013

Memphis federal court judge Hardy Mays has ruled Memphis City Schools and Shelby County Schools will be consolidated in the 2013-2014 school year and that the Norris-Todd state law governing the consolidation is valid.

On the Right Path

Green spaces not enough to spark depressed housing market – yet

Greenlines, greenbelts and greenways are already under way and are expected to grow and converge across the city in the years to come.

Dallas Co. Pays $35M for Depot

The Memphis Depot Business Park has sold for $35.8 million after being on the market for less than six months.

Affidavit: Millington Mayor Took Part in Illegal Gambling

Millington Mayor Richard Hodges was into an illegal gambling operation for more than $10,000 and the town’s police chief, Ray Douglas, watched the gambling but didn’t participate, according to an affidavit by a Tennessee Bureau of Investigation special agent filed Friday, Aug. 5, with the Shelby County Criminal Court Clerk’s office.

FedEx Freight Rate Hike Coming In September

FedEx Freight is raising its general rates for North America by 6.75 percent, effective Sept. 6.

Local Weather
Currently
Memphis, TN
66.0°F
Fair
Wind: South at 9.2 mph
Humidity: 54%

EVENTS

Methodist South Hospital Stroke Support Group will meet Monday, Aug. 8, at 6:30 p.m. at the hospital, 1251 Wesley Drive, suite 141. Light refreshments will be served. For more information or to register, call Patricia Morgan at 516-3726 or visit www.methodisthealth.org.

more events »

Housing Market Shows Signs of Life

Shelby County closed its July books with 1,266 home sales, the most since June 2010 and 9 percent higher than July 2010’s 1,157 sales.

University of Memphis to Start Classes at Lambuth Aug. 27

After several days of formal actions by several state boards, University of Memphis officials Friday announced they will begin offering classes at Lambuth University in Jackson, Tenn., later this month.

Former Shelter Veterinarian Sues City

The former veterinarian in charge of the Memphis Animal Shelter who was fired by the city late last year in the wake of an October 2009 raid by law enforcement officials is suing the city for wrongful termination.

Fayette, Tipton Sales Decrease

Fayette and Tipton counties’ July home sales report wasn’t as positive as Shelby County’s, with year-over year losses across the board.

Smith & Nephew Launches Mentoring Program

Smith & Nephew Orthopaedics is bolstering school-based corporate mentoring to new heights with its new Scholars Program, a long-term initiative dedicated to cultivating and nurturing the talent of Memphis’ middle and high school students focused on careers in medical technology and business.

Stokes Finds Rewards in Problem-Solving

After watching her mother work in the real estate industry, Christy Stokes, area manager of Memphis for First American Home Warranty, used her knowledge of the business to provide reliable solutions for clients with home warranties.

Jackson’s Suspension, Lawsuit Point Out State Law Paradox

After he was indicted last month by the Shelby County grand jury on four counts of official misconduct, General Sessions Court Clerk Otis Jackson said voters put him in office and only they could take him out of office.

MAA Reports Healthy Q2

Memphis-based MAA’s second quarter was marked by positive leasing conditions, year-over-year revenue growth and strong pricing trends, the real estate investment trust reported in its Aug. 5, conference call.

Commissioners Plan for 2nd Yr. of Term

Shelby County Commissioners meet Monday, Aug. 8, to set the stage for the second year of their current four-year term of office.

Difficult Work Follows Debt Deal

The consensus among a variety of financial service professionals in Memphis who were questioned in advance about the outcome of the debt ceiling deal seems to have been proven right.

John Green & Co. Finds Success In Community Involvement

Scattered throughout various front yards in the Collierville area are small green signs that read “John Green & Co. Realtors, On the Historic Town Square.”

GOVERNMENT AGENDA

Shelby County Commission Agenda

The Shelby County Commission will meet Monday, Aug. 8, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for a full agenda.

LOCAL COLUMNISTS

What It Means to Be An Executive

Steve Jobs meets with new vice presidents and tells them the difference between them and the janitor. He says that if an area is not clean, he will accept an excuse for why it happened. But once you are a vice president, he tells them, excuses are expected but not accepted.

HOPE for HIV-Impacted Children

Last week we offered three ways companies can encourage employees to volunteer with nonprofits and get more engaged in the community. This week let us spotlight a local organization that is improving the quality of life for HIV-impacted children and their families by addressing their educational, social, psychological and health needs: Hope House.

THE MEMPHIS NEWS

Back to School

August brings shot in the arm to economy as students return to class

Back-to-school shoppers will spend about the same dollar amount this year as last year, but they plan to wait until the 11th hour to do it.

The Second Coming of Schools Reform

Depending on what happens in Memphis federal court this could be either the last or the next to last school year for the Memphis City Schools system as we know it.

Education Often About Funding, Like It or Not

Education moves the needle of the local economy to the tune of $600 per student spent by their parents to buy the supplies and clothing necessary to make it through a school year.

Season Designed to Hook Newcomers

Opera Memphis’ 2011-2012 season will be an extended lesson in Opera 101. General director Ned Canty said that the three operas were meant to draw in newbies while treating well-versed opera-goers to well-loved standards.

Chef Back at Ciao Bella as Restaurant Turns 10

It turns out that you can go home again; at least Jonathan Steenerson did. The original chef at Ciao Bella when that salad, pasta and pizza restaurant opened in November 2001, next to Kroger in Mendenhall Commons, Steenerson is back as executive chef of the Ciao Bella that moved a few blocks west in November 2007 to the Erin Way Shopping Center and much larger digs.

Wine Nice Mix of Grenache, Syrah Grapes

Winemakers all over the world turn out imitations of the red wines called Côtes-du-Rhône or Côtes-du-Rhône Village, using such grapes as syrah, grenache and mourvèdre that are indigenous to the – not to be too obvious about it – southern valley of France’s Rhône River. The wine seems to beg for punning names, like Goats Do Roam, made in South Africa, and our present wine, Cotes du Crow’s, made by the Morgan Winery in California’s Monterey County. I have made this lively and appealing wine the Wine of the Week so often on my blog that I thought it was time to switch over to this venue.

MEMPHIS AREA

River Test Bolsters Tenn. Inventor's Turbine Idea

MEMPHIS (AP) – The metallic, wheel-shaped object looks like something taken off a spaceship from Stanley Kubrick's "2001: A Space Odyssey," a futuristic creation born from a 15-year labor of science and love.

STATEWIDE

More Than 150 TN Schools Get Fresh Fruit, Veggies

NASHVILLE (AP) – More than 150 Tennessee schools will get fresh fruit and vegetables for their students through grants provided by the U.S. Department of Agriculture.

NATIONAL BUSINESS

Consumer Borrowing Up in June by Most in 4 Years

WASHINGTON (AP) – Americans borrowed more money in June than during any month in nearly four years, relying on their credit cards and loans during a difficult economic stretch.

Bank of America Starts Overdraft Rebate Outreach

NEW YORK (AP) – If you had a Bank of America account with a debit card between January 2001 and May of this year, you may be due some cash.

NATIONAL POLITICS

Senate Dems Give Way to GOP to End FAA Shutdown

WASHINGTON (AP) – The Senate approved legislation Friday ending a two-week partial shutdown of the Federal Aviation Administration and President Barack Obama signed it into law, clearing the way for thousands of employees to return to work and hundreds of airport construction projects to resume.

Obama Promotes Jobs Initiative for Veterans

WASHINGTON (AP) – President Barack Obama on Friday proposed tax credits and training programs to help thousands of U.S. service members returning from war in Iraq and Afghanistan find jobs in the shaky economy at home.

Post Office Losses Mount to $3.1B for Quarter

WASHINGTON (AP) – The Postal Service said Friday it lost $3.1 billion in the April through June period and could be forced to default on payments due to the federal government when the fiscal year ends in September.

REAL ESTATE

Fannie Mae Loss Widens; Asking Taxpayers for $2.8B

NEW YORK (AP) – Government-controlled mortgage company Fannie Mae said Friday that its second-quarter loss widened as it continues to seek loan modifications to help reduce defaults amid the ongoing difficulties in the housing and mortgage markets.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 102 224 17,767
MORTGAGES 127 277 20,703
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 176 510 36,326
BANKRUPTCIES 54 146 11,828
BUSINESS LICENSES 21 80 5,640
UTILITY CONNECTIONS 27 147 12,181
MARRIAGE LICENSES 11 60 4,417

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