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VOL. 127 | NO. 66 | Wednesday, April 4, 2012

Central BBQ Files Permit for Downtown

A popular barbecue restaurant is expanding its local footprint to Downtown Memphis.

‘A Different View’

Donelson examines ’68 strike, council-mayor dynamics in new book

When the Memphis City Council got involved in the 1968 sanitation workers strike it forever changed the relationship between the council and the mayor.

Hertz Closes On Memphis CRE Portfolio

Hertz Investment Group LLC has completed its acquisition of five Memphis office buildings, marking the firm’s return to the Bluff City and focus shift to secondary and tertiary markets.

Morgan Keegan Future Finally Taking Shape

A Raymond James Financial Inc. spokesman said as the week began the company has no comment about what additional personnel shifting or cuts might still be to come in the days and weeks ahead, with longtime Memphis financial firm Morgan Keegan & Co. Inc. now officially owned by St. Petersburg, Fla.-based Raymond James.

Council Approves Liberty Bowl Upgrade Financing

The Memphis City Council approved up to $9 million in financing Tuesday, April 3, for improvements to the Liberty Bowl that come with the University of Memphis Tigers football team moving to the Big East athletic conference.

Local Weather
Memphis, TN
Partly Cloudy
Wind: South at 3.5 mph
Humidity: 96%


The Daily News will host its Health Care Reform seminar, part of the 2012 seminar series, Thursday, April 5, at 3:30 p.m. in the auditorium of the Memphis Brooks Museum of Art, 1934 Poplar Ave. The seminar, which will include a keynote by Greg Anderson of Horne LLP and a panel discussion, will look at the impact of health care legislation and what can be expected through 2013. Cost is $25. Visit seminars.memphisdailynews.com for more information or to register.

more events »

Argent Opens Trust Office in Nashville

It’s been a few years now since Louisiana-based Argent Financial Group, a diversified financial services company responsible for more than $3 billion in client assets, arrived in Memphis.

Municipal School District Bill Delayed a Week

The lobbyist for the countywide school board took no position Tuesday, April 3, on state legislation that would lift the statewide moratorium on creation of municipal school districts in January.

Robinson: Health Study Confirms Known Problem

Dr. Kenneth Robinson, public health policy adviser to Shelby County Mayor Mark Luttrell, said he wasn’t at all surprised by a recent study that found African-American women in Memphis are more than twice as likely to die from breast cancer as their white counterparts.

Changes Continue for Memphis Neighborhood

The street to Emmanuel Episcopal Center is the only reminder of what used to be part of Cleaborn Homes at Lauderdale Street and St. Paul Avenue.

Teachers Turning Focus to New Evaluation Models

Teachers and principals in Shelby County’s two public school systems are focused these days on about a third of the alphabet, the part from A to H and where they are on a number line from one to five.


Hampton Named Exec. Director of SRVS

Tyler W. Hampton has been named executive director of SRVS. He previously served as director of operations and director of finance for the agency.


Pros and Cons With Intrusive Marketing

Intrusive marketing gets a bad rap. It’s often thought of as overly invasive and a turnoff to customers. Done thoughtlessly and in poor taste, it certainly can be. However, savvy brands understand the power of taking your prospective customer off guard and breaking through all of the advertising clutter competing for their attention.

Market Hinges On Pols’ Action

Politics Returns Last week, politicians grabbed headlines and moved markets. First, stimulator-in-Chief Ben Bernanke goosed markets to multi-year highs by pledging his continued devotion to easy money. Thankfully, he has learned that “conversational easing,” simply talking about quantitative easing, achieves the desired result without the inflationary hangover of the act itself. Rates fell and equities rose as fears of premature rate hikes abated. The Fed has been using the microphone as effectively as the printing press lately … good Central Bankers!


Governor Says May Sign Evolution Bill

NASHVILLE (AP) – Gov. Bill Haslam says he may sign a proposal that critics deride as the "monkey bill" for once again attacking evolution.


Hernando's Mayor Cited as National Good Example

NEW ORLEANS (AP) – Hernando, Miss., Mayor Chip Johnson says listening to voters is a big part of the reason he's now being held up as a national model for creating healthier cities and counties.

Bill Would Push Back Miss. School Start Dates

JACKSON, Miss. (AP) – There would be no more early-August starts for Mississippi public schools under a bill lawmakers are considering.


Recovery Threatened by Runaway Student Loan Debt

WASHINGTON (AP) – The federal student loan program seemed like a great idea back in 1965: Borrow to go to college now, pay it back later when you have a job.

Auto Sales Surge in March, Led by Small Cars

DETROIT (AP) – Appealing small cars, low interest rates, truck deals and unseasonably warm weather helped the auto industry achieve its best monthly performance in almost four years in March.

US Factory Orders Up 1.3 Pct.

WASHINGTON (AP) – Businesses ordered more machinery and equipment from U.S. factories in February, a signal that many are investing in their companies despite the expiration of a tax credit.

IMF: Global Recovery Fragile

WASHINGTON (AP) – The managing director of the International Monetary Fund said Tuesday that the global economy is making some advances in digging itself out of a punishing recession, but that the recovery remains very fragile, especially in Europe.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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