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VOL. 124 | NO. 190 | Monday, September 28, 2009

UPDATE: Appeals Court Rules No Second Juvenile Court Judge

The Tennessee Appeals Court ruled today that the Shelby County Commission cannot fill a second Juvenile Court judge’s position.

Commission Could Give Lots to Delinquent Developer

Shelby County Commissioners are scheduled to vote today on turning over 140 inner-city lots to a developer who is more than $1 million behind on his county property taxes.

CN’s Harrison Yard Elevates Railroad, Memphis

E. Hunter Harrison’s railroad legacy was cemented last week when Canadian National Railway Co. renamed its Johnston Yard freight car switching facility after him.

Banking Field Trip Shows Signs Of Local Recovery

The economy is beginning to see a small break in the clouds.

Herenton Faces Child Support Issues

Michael J. Herenton turned 5 over the weekend. It was a difficult transition.

Local Weather
Currently
Memphis, TN
41.0°F
Fair
Wind: South at 6.9 mph
Humidity: 62%

EVENTS

The Center City Commission Diversity Committee will meet today at 1:30 p.m. at the Center City Commission office, 114 N. Main St. For more information, call Jay Goff at 575-0582.

more events »

Former Trucker Builds National Logistics Service

Jake Mohundro learned the logistics business one highway at a time.

THE MEMPHIS NEWS

After the Fall: The messy cleanup of Stanford Financial

R. Allen Stanford, the Texas billionaire now passing time in a Texas jail for his role in what U.S. regulators have called a “massive Ponzi scheme,” once told a roomful of his employees they ought to have three priorities in life.

Beware of Stanford’s Echoes in Memphis

The perp walks are a fading memory. So is R. Allen Stanford’s protestation of innocence during a night on the town earlier this year.

Museum President Talks About Renovations

This has been a busy month for the National Civil Rights Museum.

Memphest Offers Fair Alternative Back at Old Fairgrounds Home

Fans of pronto pups and funnel cakes have double the opportunity to fill up this week, though the hogs, chickens and cattle are optional. The first-ever Memphest opened Friday at the Mid-South Fairgrounds just as the Mid-South Fair opened at the DeSoto Civic Center in Southaven.

STATEWIDE

Tenn. 2-Year, 4-Year Colleges Set Enrollment Record

NASHVILLE, Tenn. (AP) - Tennessee's state community colleges and universities set an enrollment record this fall with more than 16,000 students.

Houseless, Not Homeless Stay at Tenn. Campground

LEBANON, Tenn. (AP) - Terry Lee Ballard holds a sign when he goes looking for work in front of hardware stores. It reads: "No job. No food. Almost homeless."

Conte Offers Tour of Bredesen's New Entertainment Hall

NASHVILLE, Tenn. (AP) - Tennessee's first lady Andrea Conte is giving her first previews of a new underground entertainment hall at Gov. Phil Bredesen's official residence in Nashville.

REGIONAL

Spirits High in Miss. Alcohol Trade

JACKSON, Miss. (AP) - During the first eight months of the year, liquor and wine sales in Mississippi have increased by more than $523,000 to $173.5 million.

NATIONAL BUSINESS

New US Home Sales Rise 0.7 Percent in August

WASHINGTON (AP) – New U.S. home sales posted a tepid 0.7 percent increase last month, missing Wall Street expectations and providing more evidence that housing market recovery remains tentative.

Durable Goods Orders Drop Unexpectedly

WASHINGTON (AP) – Orders for goods expected to last at least three years fell unexpectedly in August mainly because of a drop in demand for commercial aircraft. The worst reading since January for durable goods is evidence that any recovery in manufacturing will be slow and gradual.

Fresh Bailouts for Smaller Banks Being Weighed

WASHINGTON (AP) - Federal regulators and lawmakers are weighing a fresh round of bailouts for banks that were deemed too small or too risky to qualify for earlier aid.

Small Details Sometimes Hinder Help on Mortgages

PHILADELPHIA (AP) - It all comes down to details: The success of the federal government's attempts to keep homeowners from defaulting on their mortgages appears to hinge on small things such as a servicer not losing a customer's documentation.

NATIONAL POLITICS

Panel Says Spend More on National Parks

WASHINGTON (AP) - Spending on national parks should be increased by at least $700 million over the next seven years, an independent panel urged Congress on Thursday .

Oversight of Tax-Exempt Groups Like ACORN Examined

WASHINGTON (AP) - The U.S. Treasury Department's inspector general is looking into the government's oversight of tax-exempt organizations like ACORN when they engage in political activities.

Woes on the Commercial Front

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 82 82 19,655
MORTGAGES 75 75 22,989
FORECLOSURE NOTICES 7 7 8,311
BUILDING PERMITS 138 138 40,167
BANKRUPTCIES 72 72 13,176
BUSINESS LICENSES 9 9 6,146
UTILITY CONNECTIONS 52 52 13,048
MARRIAGE LICENSES 30 30 4,872

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