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VOL. 125 | NO. 153 | Monday, August 9, 2010

Last-Minute Legal Opinion Affects Big Provision of Proposed Charter

The Metro Charter Commission has approved a consolidation charter for voters on the Nov. 2 ballot, but the last day of work on the charter was anything but ceremonial. A last-minute legal opinion caused a rewrite of a major provision.

Beyond the Stage

Hattiloo Theatre takes shows to the community

People stumble across Hattiloo Theatre performances without getting near its playhouse.

Leonard's BBQ Closes Downtown

A sign posted to the door of Leonard’s BBQ on the ground floor of the Claridge House building announces the end of an eight-year run for the Downtown Memphis eatery.

GTx’s Loss Widens on News of Abandoned Drug

The write-off of investments related to the development of a drug that didn’t pan out caused GTx Inc. to have a bigger loss during the second quarter.

Tobey Park Chosen for City's Skatepark

Tobey Park will be the home of the city’s first neighborhood skatepark. Memphis Mayor A C Wharton Jr. announced the site Monday for the $440,000 project.

Local Weather
Currently
Memphis, TN
67.0°F
Mostly Cloudy
Wind: Southeast at 9.2 mph
Humidity: 66%

EVENTS

The Memphis Chapter of the International Association of Administrative Professionals will meet Monday at 6 p.m. at the Holiday Inn Select East Memphis, 5795 Poplar Ave. Monica Fleming will speak on “Success Over Stress: Managing the 21st Century.” For reservations, call Demetria Sturgis at 448-5529 or e-mail Jennifer Thornton at jjthornton@fedex.com. Cost is $20.

more events »

July Home Sales Plunge 21 Percent

The local real estate industry suffered a setback in July, as new and existing home sales declined a staggering 21 percent from the same month a year ago.

Metro Charter Group To Complete Work Monday

The Metro Charter Commission will complete its work Monday on a proposed consolidation charter.

Triumph Lives Up to Name With Q2 Earnings

Profits down. Money set aside for bad loans on the rise. Outlook uncertain.

Commission Considers Pay Raise for Firefighters

Shelby County Commissioners consider a 1.5 percent pay hike for county firefighters at Monday’s meeting of the body.

Shelby County Looks to Play Role in Governor’s Race

The race for governor of Tennessee begins its second and final round this week. The results in last week’s Democratic and Republican primaries suggest Shelby County will remain a battleground.

Vanick Group Offers Businesses Custom Tech Solutions

Jim Van de Vuurst always wanted to start his own company.

Ego Is Expensive

In business, your greatest competitor is yourself, not the guy across town. A part of beating back yourself as a competitor is containing your ego. This is hardest for men.

THE MEMPHIS NEWS

The Hard Sell

To understand how Northwest Mississippi’s small boomtowns like Olive Branch keep one-upping Memphis and reeling in jobs and taxpayers with the promise of greener pastures, an Internet video is one place to start.

Time to Learn From Neighbor’s Success

Somewhere between the xenophobia and unblinking regionalism that Memphis’ economic development planning seems to run to and from is a middle ground where the attributes of our neighbors can be used in our interest and where our advantages over our neighbors can be coupled with those attributes.

Former Atlanta Mayor Says Memphis Needs to Brand Itself

Shirley Franklin, the former mayor of Atlanta, was in Memphis last month for the annual meeting of the Center City Commission.

Edelstein Blends Sacred and Abstract in Mural

Paul Edelstein’s works hang in homes and galleries from Oxford, Miss., to Damascus, Syria, but a lifelong artist always finds new frontiers in unique spaces.

Although Important, Chef’s Name Comes Second to Food

Every restaurant has a cook or chef in the kitchen, but how many diners know the name of the person cooking their lunch or dinner? How many give a hoot?

Bright Light Sure to Please

The label, designed by artist Andrea von Bujdoss of Brooklyn, screams retro-Hindu-psychedelic with pink and yellow hearts, stars and curlicues. The aromas are so seductively floral that guys might be forgiven for thinking it’s a girlie wine – until the jagged grapefruit-like acidity sears through their mouths with the effect of yanking a Band-Aid from a hairy wrist. And the label glows in the dark!

NATIONAL BUSINESS

Companies Hire at Slow Pace for 3rd Straight Month

WASHINGTON (AP) – Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly the rest of the year. The unemployment rate was unchanged at 9.5 percent.

Consumers Cut Back on Credit Cards Again in June

WASHINGTON (AP) – Consumer borrowing fell in June for a fifth straight month as households keep cutting back on credit card use.

Fannie Seeks Less Money, Bailout Price May Shrink

WASHINGTON (AP) – Fannie Mae is asking for less money from the government, a sign that the cost to taxpayers for bailing out the mortgage giant could be billions lower than once thought.

NATIONAL POLITICS

Lawmakers: Close SEC's Open Records Loophole

WASHINGTON (AP) – A bipartisan group of senators has introduced legislation designed to make regulation of financial companies more transparent – and to close a major loophole in the sweeping financial overhaul enacted last month.

Romer, Key Obama Economic Aide, Resigning

WASHINGTON (AP) – Christina Romer, one of President Barack Obama's most pivotal economic advisers, is resigning, a change that comes as the White House struggles to show signs of clear economic gains to a hurting nation.

GOVERNMENT AGENDA

Shelby County Commission Agenda

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

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 41 215 12,248
MARRIAGE LICENSES 29 121 4,478

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