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VOL. 128 | NO. 76 | Thursday, April 18, 2013

Foreclosures Drop 17 Percent

Regulators and major lenders are still on the hot seat over flawed and sometimes abusive foreclosures that were carried out in recent years.

Riding the Rails

Memphis benefiting from increased railroad investments

By some estimates, America’s railroad companies are in the midst of the largest investment boom since the Gilded Age – when America’s railroad track mileage tripled between 1860 and 1880.

Wharton Proposes 28-Cent Tax Hike

The way Memphis Mayor A C Wharton Jr. views the city’s budget trajectory is shaped by a City Council with different fiscal ideas that have consequences the city is still paying for.

Mays Hears School Board Member Selection Question

A year and a half ago, all sides in the federal court case over the consolidation of public schools in Shelby County reached a hopeful milestone that set the ground rules for the merger.

Fitzhugh: Legislature Fixing Things Not Broken

As the state legislature moves toward completion, state Rep. Craig Fitzhugh, D-Ripley, offers his assessment:

Local Weather
Memphis, TN
Mostly Cloudy
Wind: South at 10.4 mph
Humidity: 69%


The Memphis Lawyers’ Chapter and University of Memphis Law Students’ Chapter of the Federalist Society will host a panel titled “Current Proposals to Change the Electoral College System” Thursday, April 18, from 11:30 a.m. to 1 p.m. at The University of Memphis Cecil C. Humphreys School of Law, 1 N. Front St. Cost is free. Email gregory.grisham@jacksonlewis.com or call 462-2616.

more events »


Butler Sevier’s Mead Helps Clients Craft New Realities

Attorney Anne Mead is not in Kansas anymore. Recently named partner with the firm of Butler Sevier Hinsley & Reid PLLC, a family law practice, she said, “We have some pretty incredible people working for us, I’m really, really lucky.”


Dream Home Nightmares

Ray’s Take As the real estate market recovers, more families are pulling out their dream home plans. They would be wise to watch that classic movie, “Mr. Blandings Builds His Dream Home.”

Apostrophe Yes or No?

Henry Chu of the Los Angeles Times reported in late March that “To grammarians’ delight, officials in southwest England who had considered expunging apostrophes from street signs threw out the idea … and vowed to follow the rules of proper English.” Ha! Good luck with that!

Selling the Business: Games Buyers Play

Entrepreneurs work years building up the value in their business only to give a big chunk of it away when it comes time to sell. Why? Savvy acquisition teams have a method for them wearing down so they sell at a steep discount.


Ricin in Obama Letter, Odd Packages Scramble Hill

WASHINGTON (AP) — Letters sent to President Barack Obama and a Mississippi senator tested positive for poisonous ricin in preliminary checks Wednesday, and authorities chased reports of other suspicious mail at a U.S. Capitol already on edge.


Attorney General Selection Bill Passes Senate

NASHVILLE, Tenn. (AP) – A proposed constitutional amendment to give lawmakers the power to select the state attorney general passed the Senate on Wednesday even though opponents argue there’s no need to change the current process.


Medicaid Framework Bill Sent to Arkansas Committee

LITTLE ROCK, Ark. (AP) — Framework legislation that sets up Arkansas' plan to use federal Medicaid funds to purchase private insurance for low-income residents has been pulled from the governor's desk and sent back to a Senate committee.

Bill to Cut Arkansas Planned Parenthood Funding Stalls

LITTLE ROCK, Ark. (AP) — A bill aimed at cutting off state funding for two Planned Parenthood grants for sex education narrowly failed to clear an Arkansas House committee.

Southwest Dropping one Jackson-to-Houston Flight

JACKSON, Miss. (AP) — Southwest Airlines is dropping one of two flights between Jackson, Miss., and Houston, Texas, on June 1.

1.285 Million in Mississippi Voted for President in 2012

JACKSON, Miss. (AP) — A new report finds more than 1.285 million Mississippians voted for president in 2012, one of the largest turnouts ever in the state.


Fed Survey: Housing, Auto Sales Lift US Economy

WASHINGTON (AP) — A strengthening housing recovery and robust auto sales contributed to moderate economic growth across the United States in late February and March, according to a Federal Reserve survey released Wednesday.

Bank of America Closes One Mortgage Lawsuit, Another Lingers

NEW YORK (AP) — As soon as Bank of America puts one mortgage-related lawsuit behind it, another always seems to rear its head.

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PROPERTY SALES 85 317 11,842
MORTGAGES 99 353 13,780
BUILDING PERMITS 304 784 24,948
BANKRUPTCIES 54 233 7,706

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