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VOL. 126 | NO. 95 | Monday, May 16, 2011

‘Yes We Can’

Obama delivers commencement speech to BTW class of 2011

President Barack Obama left the bustle of Washington politics – on a day when the U.S. hit its debt ceiling and Donald Trump said he won’t run for president – to fly to Memphis and tell the Booker T. Washington class of 2011, “I’m so proud of each and every one of you.”

Mixing it Up

Scarce new development is providing the retail sector the opportunity to rethink how it delivers its goods and services, moving away from car-dependent models and toward walkable urban centers.

State House Approves Foreclosure Bill

Tennessee lawmakers have moved closer toward cutting back the number of foreclosure notices lenders have to publish in newspapers before borrowers in default lose their home.

Ridgeway Trace’s Success Fills ‘Huge Void’

A dramatic change to the retail landscape in East Memphis began in February of 2005 with one phone call.

Polley: Local Entrepreneurs Keep Market Going

With various national and regional retailers finally following suit and getting more active in the Memphis market, sometimes the local entrepreneurs can get overlooked.

Local Weather
Memphis, TN
Wind: Southeast at 3.5 mph
Humidity: 59%


Healthy Memphis Common Table will meet Monday from 11:45 a.m. to 1:30 p.m. at The Racquet Club of Memphis, 5111 Sanderlin Ave. Dr. Bonnie L. Zell will speak on the topic “How Collaboration Can Improve the Health and Health Care of Memphis and Shelby County.” For more information, contact Simi Atolagbe at 273-2693 or simi.atolagbe@healthymemphis.org.

more events »

Special Coverage: Mid-South Flooding

Coverage of the rising waters in the Memphis area

Schools Consolidation Case May Go Directly to Trial

Federal Judge Hardy Mays has decided to try to move up the trial on the schools consolidation lawsuit instead of ruling on several key motions in advance of a later trial on the merits of the lawsuit.

Mays Hears Arguments in Consolidation Suit

There were plenty of railroad analogies when Memphis federal court Judge Hardy Mays held the first hearing in the schools consolidation lawsuit last week.

Belgian Professor Discusses Biotech Ties to Memphis

The Bluff City and the city of Liége in Belgium, this year’s Memphis in May International Festival-honored country, are both growing hubs of biotech research and incubation.

Commission to Consider GIS Contract

Shelby County commissioners on Monday consider an $850,000 contract with the University of Memphis to further develop geographic information services.

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.

Loeb Builds Success on Long History, Strong Team

In 1887, a T-shirt maker named Henry Loeb, great-grandfather of Robert “Bob” Loeb and Louis “Lou” Loeb of LOEB Properties, opened a Laundromat on Main Street. His entrepreneurial spirit transpired four generations, officially reaching the Loeb brothers in the early 1980s.

Beware The X Factors

You are going along somewhat according to plan, some obstacles being overcome, and there is a chance of making a bit of profit this year. On track. Yeah. Then – are you kidding me?!

A Monument to Fallen Officers

Last week, we discussed the Memphis Police Foundation, which is helping to fund essential equipment and training for the Memphis Police Department, while also serving as the conduit to construct a monument to those MPD officers who have lost their lives protecting our city. This week, let us spotlight that monument: the MPD Fallen Officer Memorial.


Tenn. Senate Passes Bill to Limit Lawsuit Payouts

NASHVILLE (AP) – Gov. Bill Haslam's proposal to limit lawsuit damages in Tennessee passed the Senate on Thursday despite passionate arguments from opponents that the measure would unfairly target victims.


Rising Food and Gas Costs Push Up Consumer Prices

WASHINGTON (AP) – Consumers paid more for gas and food in April, lifting inflation to its highest level in two and a half years. But inflationary pressures have begun to ease this month, and analysts say some prices could taper off by summer.

Kroger CEO's Pay Falls 19 Percent

CINCINNATI (AP) – Pay for Kroger Co.'s CEO fell again as the grocery chain's sales and profit growth fell below tough targets in a choppy economy.

Report: Google Ad Inquiry Focused on Pharmacies

SAN FRANCISCO (AP)Google Inc. recently set aside $500 million to cover a possible settlement of a U.S. government investigation into the Internet search leader's distribution of online ads from illegal pharmacies, according to a report published Thursday.


Finances Look Worse for Medicare, Social Security

WASHINGTON (AP) – The bad economy has shortened the life of the trust funds that support Social Security and Medicare, the nation's two biggest benefit programs, the government reported Friday.

Gingrich: GE 'Clever' to Avoid Corporate Taxes

WASHINGTON (AP) – Republican presidential candidate Newt Gingrich said Friday that General Electric's aggressive legal and accounting strategy, which led to reports of a zero corporate tax liability last year, was a clever and rational response to the nation's high tax rates.

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PROPERTY SALES 98 238 15,862
MORTGAGES 122 284 18,332
BUILDING PERMITS 137 452 32,966
BANKRUPTCIES 62 178 10,191

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