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VOL. 125 | NO. 21 | Tuesday, February 02, 2010

UPDATE: Luttrell Running For County Mayor

Shelby County Sheriff Mark Luttrell is running for county mayor in the May 4 GOP primaries.

Bank of Bartlett on the Mend, Execs Say

With the book now closed on a turbulent 2009, Bank of Bartlett finds itself in the same position as countless community banks around the country.

Time to Improvise

The past couple of years have been brutal for homebuilders as demand for new houses plummeted and companies did what they could to cope.

County Takes Steps to Avert HIV Drug Crisis

Shelby County has pumped in about $800,000 to help cover the cost of HIV medication for people in the Memphis metropolitan area after the Tennessee AIDS Drug Assistance Program late last year started putting them on waiting lists.

Wharton’s Transition Team Unveils Agenda

Memphis Mayor A C Wharton Jr.’s transition team has recommended a chief economic development director for the city, a more comprehensive financial plan for city government and reining in the city’s Capital Improvement budget.

Local Weather
Today
Memphis, TN
77°F
Cloudy
Wind: 7 mph
Humidity: 76%

EVENTS

Methodist Le Bonheur Germantown Hospital’s Stroke Support Group will meet today at 4 p.m. in Suite 250 of Medical Office Building A on the its campus, 7655 Poplar Ave. For more information, call Angela Riggins at 516-6929.

more events »

Lightman Files Permit for Retail Center

7706 Winchester Road, Memphis, TN 38125, Permit Amount: $1 Million -
Michael Lightman Realty LLC has filed a $1 million permit application with the city-county Office of Construction Code Enforcement to build the shell of an 18,000-square-foot retail center called the Shoppes of Centennial.

STATEWIDE

State Clarifies Allowed Fees at Public Schools

NASHVILLE, Tenn. (AP) - The Tennessee Department of Education has clarified what fees parents must pay at public schools.

STATE LEGISLATURE

Cohen Readies for Primary With $1M on Hand

NASHVILLE (AP) – U.S. Rep. Steve Cohen, D-Memphis, has more than $1 million on hand as he gears up for a primary challenge by former Memphis Mayor Willie Herenton.

Bredesen: Use Reserves to Take Edge Off Tenn. Cuts

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen said Monday he plans to use money from the state's reserves to spare some state jobs and key services, but "painful cuts" in the overall state budget will be unavoidable.

Ex-US Rep. David Davis Won't Seek Primary Rematch

JOHNSON CITY, Tenn. (AP) - Former U.S. Rep. David Davis says he won't seek a rematch against Republican Rep. Phil Roe next year.

NATIONAL BUSINESS

Manufacturing Sector Accelerated in Jan.

NEW YORK (AP) – The U.S. manufacturing sector grew for a sixth straight month in January, to its strongest point since August 2004.

Fewer Banks Imposing New Loan Hurdles; Demand Low

WASHINGTON (AP) - Fewer banks are erecting new hurdles for people and businesses to get loans, a fresh sign credit problems are easing.

Personal Incomes, Consumer Spending Up in December

WASHINGTON (AP) - Personal incomes rose more than expected in December and consumer spending increased for the third straight month, helping the U.S. economy slowly recover from the worst recession in decades.

Jobless Rate Said Likely to Stay High Through 2010

WASHINGTON (AP) - The Obama administration is predicting little improvement in the nation's unemployment rate by the end of the year.

NATIONAL POLITICS

Obama Budget: Record Spending, Record Deficit

WASHINGTON (AP) - Spelling out painful priorities, President Barack Obama urged Congress on Monday to quickly approve a huge new shot of spending for recession relief and job creation, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation's history while only slowly beginning to put Americans back to work.

REAL ESTATE

Construction Spending Drops Sharply in December

WASHINGTON (AP) - Construction spending dropped sharply in December to its lowest level in more than six years as new home building fell by the steepest amount in seven months, evidence that housing remains a weak spot in the economy.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 48 184 11,385
MORTGAGES 90 332 16,366
FORECLOSURE NOTICES 0 42 7,970
BUILDING PERMITS 0 0 29,010
BANKRUPTCIES 72 222 13,512
BUSINESS LICENSES 40 95 3,847
UTILITY CONNECTIONS 112 436 19,826
MARRIAGE LICENSES 0 64 3,901
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