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VOL. 126 | NO. 175 | Thursday, September 8, 2011

$8M Apt. Project on Tap for Mud Island

The developers of a roughly $8 million apartment development planned for Mud Island are scheduled to go before the Center City Revenue Finance Corp. Tuesday, Sept. 13, to apply for a nine-year tax freeze for the project.

Hometown Exploration

First Downtown Museum Day intended to lure locals to attractions

Cruise by Sun Studio any day of the week and you’ll see tourists from every corner of the globe taking photographs of its famous brown brick façade and queuing up for a ticket to the birthplace of rock ‘n’ roll.

Gibson Guitar CEO to Join Blackburn for Obama Address

Gibson Guitar CEO Henry Juszkiewicz will be the special guest of U.S. Rep. Marsha Blackburn at President Barack Obama’s address to a joint session of Congress Thursday night, Sept. 8.

County Commission Interviews School Board Applicants

It took Shelby County Commissioners nearly 10 hours Wednesday, Sept. 7, to interview nearly 100 contenders for seven appointments to the countywide school board that takes office Oct. 1.

Methodist Breaks Ground Next Month on Olive Branch Hospital

Methodist Le Bonheur Healthcare Wednesday announced that it will break ground on its new Olive Branch, Miss. hospital at the southeast corner of U.S Highway 78 and Bethel Road on Wednesday, October 19 at 3:00 p.m.

Local Weather
Currently
Memphis, TN
65.0°F
Mostly Cloudy
Wind: South at 12.7 mph
Humidity: 56%

EVENTS

The Small Business Chamber will hold a power lunch titled “Doing Business with the Memphis Latino Community” Thursday, Sept. 8, from 11:30 a.m. to 1 p.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Sally Baker Brenner at 748-8889.

more events »

Elected Bodies Sign Off, Next Up Consolidation

The next step in the schools consolidation process is the appointment of seven members to the new countywide school board that takes office Oct. 1.

Commission Readies to Replace Carpenter

After the Shelby County Commission fills seven positions on the new countywide school board next week, it will then consider a vacancy in its own ranks.

Mueller Plots Next Move Amid Plant Damage

Mueller Industries, the Memphis-based company whose Wynne, Ark., factory was heavily damaged in a fire Tuesday, Sept. 6, has had a busy Labor Day weekend.

Judge Donald Gets Week Off to Busy Start

U.S. District Judge Bernice Donald came back from the Labor Day holiday to a busy Tuesday.

Butler Snow’s Van Horn Sworn in as TBA President

When Danny Van Horn left Memphis in 1990 to pursue his undergrad degree at the University of Tennessee-Knoxville, he swore he would wind up anywhere but back home where he started.

LOCAL COLUMNISTS

Find Real Cost of Retirement Communities

Ray’s Take: As the Boomer generation ages, more and more retirement communities are in development. They are an attractive option to many, with choices ranging from permanent cruise living to college-based communities to developments with traditional apartment amenities. But before you start packing, there’s a lot you need to investigate to protect your physical, mental and financial future.

Whether You Win …

“A man made the bet of a horse that another could not say the Lord’s Prayer without a wandering thought. The bet was accepted.” So begins a fable. Halfway through the prayer, the one praying looked up and asked, “Do you mean the saddle also?”

STATEWIDE

Tennessee's Civil War Trail Gets $819,000 Grant

NASHVILLE (AP) – Tennessee's Civil War Driving Trail has received a grant of $819,000 for further work.

NATIONAL BUSINESS

Businesses Post Most Job Openings in 3 Years

WASHINGTON (AP) – Companies in July advertised the most jobs in three years, and layoffs declined – a bit of hope for a weak economy. Still, many employers are in no rush to fill openings.

Fed Says 12 Regions Grew Modestly This Summer

WASHINGTON (AP) – Despite the turmoil that shook the financial markets last month, the Federal Reserve says its 12 bank regions grew modestly this summer because consumers spent more in most parts of the country.

Shocker: Power Demand From US Homes is Falling

NEW YORK (AP) – American homes are more cluttered than ever with devices, and they all need power: Cellphones and iPads that have to be charged, DVRs that run all hours, TVs that light up in high definition.

GE Vows Vigorous Defense Against Federal Lawsuit

NEW YORK (AP)General Electric Co. said Wednesday that it will vigorously defend itself against a lawsuit filed by the Federal Housing Finance Agency over $549 million in mortgage-backed securities the company sold to Freddie Mac in 2005.

Oil Industry: Boost in Energy Could Create 1M Jobs

WASHINGTON (AP) – Government policies to increase domestic energy production could create up to a million jobs over the next seven years, the oil industry said in a report issued a day before President Barack Obama delivers a major speech on jobs.

Working-Age Adults Make Up Record Share of US Poor

WASHINGTON (AP) – Working-age America is the new face of poverty.

NATIONAL POLITICS

GOP Pipeline Bill Would Block Safety Reforms

WASHINGTON (AP) – A pipeline bill offered by House Republicans on Wednesday would block some safety reforms and ignores other recent safety recommendations made by accident investigators in response to a deadly gas explosion last year near San Francisco.

HEALTH CARE

Debt Panel Members Rake in Health Money

WASHINGTON (AP) – The powerful new congressional panel assigned to tame the deficit will have to squeeze Medicare and Medicaid for any chance of success. But health care industries that depend on those programs have invested millions over the years to woo its members.

Fewer Medicare Part D Enrollees Hit Coverage Gap

Fewer Medicare prescription drug plan enrollees are falling into a coverage gap known as the doughnut hole in which they bear the full cost of their prescriptions, according to a study from the nonpartisan Kaiser Family Foundation.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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