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VOL. 126 | NO. 70 | Monday, April 11, 2011

Q1 Home Sales See 14 Percent Decline

Sagging numbers for Shelby County home sales during the first quarter of 2011 came as a surprise to some industry officials who are seeing increased activity, while others said the figures matched the difficult homebuying climate.

March Home Sales Drop 17 Percent

While Shelby County home sales activity in March didn’t perform quite as well as the same month a year ago, it was an improvement from February’s totals.

‘Glass Half Full’

Crow brings message of empowerment to LPBC

The Nashville-area recording studio Robin Crow created has played host to such marquee acts as Faith Hill, Neil Diamond, Jewel and Taylor Swift. It’s where the band Matchbox 20 will be recording soon.

Memphis-Paris Pact Kicks Off Airport Cities Conference

The Airport Cities World Conference & Exhibition opened informally Monday with Memphis Mayor A C Wharton Jr. and French Minister of Urban Development Maurice Leroy signing a trade pact between the cities of Memphis and Paris.

SCOTN Rules IQ Score Not Enough to Impose Death Penalty

The Tennessee Supreme Court Monday set new standards in death penalty cases for determining whether a defendant was intellectually disabled or retarded at the time of the crime.

Local Weather
Currently
Memphis, TN
47.0°F
Overcast
Wind: Southeast at 5.8 mph
Humidity: 52%

EVENTS

Methodist South Hospital will open its Farmers Market Monday at with a consecration service at 1 p.m. in front of the Medical Office Complex, 1251 Wesley Drive. The Farmers Market will open every Monday through Oct. 10 from 1 p.m. to 6 p.m. and is open to the public. For more information, call 516-3580.

more events »

Luttrell Takes $1.2 Billion Budget to County Commission

Shelby County Mayor Mark Luttrell took his first budget proposal as mayor to Shelby County Commissioners Monday morning.

Wharton Orders All Impound Lot Employees On Leave

All employees of the city of Memphis impound lot have been ordered to take paid leave next week and the Memphis Police Department will run the city facility for at least the next three months.

Turner ReElected Local Democratic Party Chairman

Shelby County Democratic Party chairman Van Turner Jr. was re-elected to a new term Saturday without opposition.

Paris Trade Pact Comes As Conference Begins

The Airport Cities World Conference & Exhibition begins its three-day run Monday at The Peabody with Memphis and Paris leaders signing a trade pact.

Analysts: First Horizon Could Report Small Q1 Profit

The consensus estimate of more than two-dozen analysts is that First Tennessee Bank’s Memphis-based parent company will report a 4-cent profit for the first quarter when First Horizon National Corp. announces earnings this week.

Pinnacle Awards Honor City’s Best Brokers

As emcee Dan Conaway noted in his opening address Thursday night at the 10th annual Pinnacle Awards, “OK is the new great.”

Schools High on Haslam’s ‘To-Do’ List

The legal documents in the schools consolidation lawsuit include the name of Patrick Smith, the acting state commissioner of education when the lawsuit was filed Feb. 11 by the county school system.

Cooper-Young Latest Locale for Vegan Eatery

Comfort food meets compassionate living at Imagine Vegan Café, set to open later this month at 2156 Young Ave. in Midtown’s eclectic Cooper-Young Neighborhood.

Meeting Customers’ Needs Is Goal No. 1 at TSI

Trigon Sports International Inc. is truly a family business. The company’s founder and president, Cary Bawcum, serves as both father and boss to employees Chris Bawcum and Jonathan Bawcum.

Flea Market as Business Incubator

There are MBA programs to make you a business Jedi, business degrees to educate you, incubators to learn from other businesses. And then there is the Tennessee Flea Market. More like the Flea Mall. It opened last week and is the largest indoor flea market in Tennessee.

Creating a STEM for Our Future

Last week we explored Habitat for Humanity of Greater Memphis, which is helping eliminate substandard housing by helping families build new homes and brighter futures. This week let us discuss an exciting movement bringing government, business and education together to build an innovation infrastructure that fuels improved quality and outcomes in science, technology, engineering and mathematics (STEM) education – the Mid-South STEM Alliance.

THE MEMPHIS NEWS

Front and Center

Hundreds of aviation leaders from around the globe will descend on Memphis this week for the annual Airport Cities World Conference & Exhibition.

City Needs Flight Plan to Soar in 21st Century

Some of the elements of an aerotropolis are already in place as work begins on a master plan for the concept.

‘Barber’ Sure to Delight Any Audience

Opera newbies and connoisseurs alike may have an interest in Opera Memphis’ season finale “The Barber of Seville” by Gioachino Rossini, which is standard repertoire for the seasoned audience and a good test drive for beginners.

The Right Manager Can Make or Break Restaurant

Here’s why restaurants need good managers to be there on the spot, to watch what’s going on, to keep everything smooth and proper and comfortable.

Another French Wine Worth Checking Out

It was not my intention to start a series of recommendations for French wines, but here we are on the third French wine in a row. Actually, I’ve been thinking a lot about French wine – which is about as general as saying that I’ve been thinking a lot about, oh, the stars in the sky – especially because, in comparison with the myriad wines from California that I taste day-in and day-out, French wines often don’t hit you in the face with high alcohol content and super-ripeness, and they play down the influence of oak. The result, even in inexpensive products, can be an attractive sense of freshness and purity.

MEMPHIS AREA

6 High Schools Vie to Win Obama at Commencement

WASHINGTON (AP) – The White House says six high schools – from Washington state to New Jersey – have been chosen as finalists in a competition to land President Barack Obama as their commencement speaker.

STATEWIDE

Teachers May be Evaluated on Performance of Others

NASHVILLE (AP) – More than two-thirds of the state's teachers may have a portion of their evaluations in the next school year based on what students learned, or didn't, in someone else's classroom.

Clinton, Gore to Attend McWherter Funeral

NASHVILLE (AP) – Former President Bill Clinton and former Vice President Al Gore are scheduled to attend a memorial service on Saturday for former Tennessee Gov. Ned McWherter.

STATE LEGISLATURE

New Solicitor General Named in Tennessee

NASHVILLE (AP) Bill Young has been named the new solicitor general for Tennessee.

Tenn. House Passes Evolution Bill

NASHVILLE (AP) – Teachers who allow students to critique scientific theories would be shielded from discipline under a proposal that passed the House 70-23 on Thursday despite some opponents who said it was unnecessary.

NATIONAL BUSINESS

New Google CEO Larry Page Reshuffles Exec Team

NEW YORK (AP) – Google CEO Larry Page has promoted six executives to head key parts of the company in one of his first big moves since he took over the Internet search company on Monday. The management reshuffle is an attempt at streamlining a bureaucracy that's sometimes bogged down Google even as it became the world's most valuable Internet company.

US Airlines Attempt to Raise Fares for 10th Time

NEW YORK (AP) – Two major U.S. airlines are again raising round-trip ticket prices by $10 on some domestic routes as they try to counter rising fuel costs.

NATIONAL POLITICS

Congress Doesn't Shut Down During a Shutdown

WASHINGTON (AP) – Senators would have to push their own elevator buttons. House members would go without their free gym. Food on Capitol Hill would be sparse. And the lawmakers' restrooms? Perhaps not as fresh.

Fed Board Questions Gulf Fail-Safe Device's Design

METAIRIE, La. (AP) – A senior official for the maker of the blowout preventer that failed to stop last year's Gulf oil spill said Friday the device hadn't been tested to see if it could cut through a bent drill pipe.

Fed Official Mulls Early End to Bond-Buying Plan

WASHINGTON (AP) – A Federal Reserve official on Friday called on the central bank to consider ending its $600 billion Treasury bond-purchase program, fearing it could lead to higher inflation.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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