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Editorial Results (free)

1. AP Survey: Fed's Outlook Correct but Not Solution -

WASHINGTON (AP) – Economists appear to be of two minds about the Federal Reserve.

They agree with the Fed that the job market still isn't healthy. Yet the latest Associated Press survey of economists finds that most fear the Fed will wait too long to raise interest rates and thereby risk stoking inflation or creating asset bubbles.

2. Sentencing Changes Sought for Business Crimes -

WASHINGTON (AP) – The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of drug dealers. Now, defense lawyers and prisoner advocates are pushing for similar treatment for an arguably less-sympathetic category of defendants: swindlers, embezzlers, insider traders and other white-collar criminals.

3. Brown’s Contempt Hearing Reflects Political Skirmish -

Joe Brown’s bid to unseat District Attorney General Amy Weirich in the 2014 elections probably wasn’t supposed to begin this way – in a courtroom dispute with Juvenile Court that has nothing to do with Weirich.

4. Criminal Justice Issues Likely to Dominate Races -

Expect to hear a lot between now and August about how the local criminal justice system does or does not work.

With Thursday’s filing deadline for candidates in the May 6 county primaries, two races for offices that are part of the system advanced to the August ballot.

5. Roland ReElected At Filing Deadline, Two Countywide Races Set For August -

One of the six Shelby County Commission incumbents seeking re-election this year was effectively elected to a new four-year term in a new district with the noon Thursday, Feb. 20, filing deadline for candidates in the May county primaries.

6. Election Filing Pace Quickens as Deadline Nears -

The May 6 Shelby County primary races began to move toward their final form Monday, Feb. 17, just ahead of the noon Thursday filing deadline for candidates.

Shelby County Commissioner Steve Mulroy brought the Democratic primary race for county mayor to four as he filed his qualifying petition Monday afternoon.

7. Judge OKs $84.9 Million Payout in Truck Stop Scandal -

LITTLE ROCK, Ark. (AP) – A federal judge in Arkansas approved a settlement Monday that pays $84.9 million to 5,500 trucking companies who were cheated out of promised rebates by Pilot Flying J, the nation's largest diesel retailer.

8. 2014 County Campaigns Come to Life -

There was plenty of political activity when suburban voters went to the polls last week to vote in school board races.

And much of it had to do with a different set of elections, the county primary and general elections on the ballot in 2014.

9. Morgan Stanley Closes a Bleak Bank Earnings Season -

NEW YORK (AP) — It's tough being a big bank these days.

Morgan Stanley, the storied investment house, reported Thursday that its revenue was down sharply for April through June and its profit missed Wall Street expectations. Its stock was clobbered — down more than 5 percent.

10. Resource Entertainment Group Plans Growth, New Offerings -

Resource Entertainment Group is continuing a steady growth path and looks to expand thanks to a new website as well as management of a new Downtown event space called The Columns.

The entertainment services company specializes in live entertainment, production services, entertainment consulting and event programming expertise. The company manages some of the Mid-South’s most popular entertainers and provides bands, DJs, speakers, audio systems, concert lighting, staging and tech crews.

11. Obama Offers Mortgage Relief on Western Trip -

LAS VEGAS (AP) — The Obama administration offered mortgage relief on Monday to hundreds of thousands of Americans in the latest attempt to ease the economic and political fallout of a housing crisis that has bedeviled President Barack Obama as he seeks a second term.

12. Hospital Operator HCA to Buy Back Stock From Bank of America -

NASHVILLE (AP) – HCA Holdings Inc. said Thursday that it will buy back about $1.5 billion of its shares owned by Bank of America Corp., one of the lead underwriters from the hospital operator's initial public offering of stock last March.

13. Job Hopes Rise on Flurry of Economic Reports -

WASHINGTON (AP) - A handful of economic reports released Thursday raised hopes for an improving job market with fewer layoffs and more hiring.

Productivity slowed more than initially estimated in the first quarter of the year, a sign that employers are struggling to squeeze more work out of leaner staffs. The lower figure was expected after the government last week revised its growth estimate for the first quarter.

14. Events -

The Memphis Business Xchange will hold a networking luncheon today from 11:30 a.m. to 1 p.m. at Bonefish Grill, 1250 N. Germantown Parkway. Cost is $30 in advance and $35 on site. To register, visit www.networktn.com.

15. MOUNTAIN OF DEBT: Americans' Debt Stress is Easing -

WASHINGTON (AP) - Unemployment is rising. Nest eggs are in tatters. Home values have tanked. And yet surprisingly, Americans are feeling less stress from debt these days.

Chalk it up to the power of positive thinking combined with people saving more, spending less and trimming debt to cope with the recession.

16. Homeowner Aid Act Raises Worries on Scope, Delays -

CHICAGO (AP) - Help is on the way for some debt-plagued homeowners. It just may not be fast enough or broad enough to keep many from losing their residences.

The mortgage relief plan that President Bush is poised to sign as soon as Wednesday is designed to rescue about 400,000 homeowners by allowing them to get more affordable mortgages backed by the Federal Housing Administration.

17. Lenders Raise Bar for Commercial Real Estate After Worries About Loose Underwriting Conditions -

NEW YORK (Dow Jones/AP) - Commercial real-estate lenders, spooked by the collapse in residential housing, are reining in riskier loans on fears that underwriting standards were too loose.

During the last few months, lenders have been requiring significantly more equity to get projects rolling, while the cost of obtaining debt continues to shoot higher. Meanwhile, banks are avoiding making loans to commercial real estate on concerns about the quality of construction and development loans.

18. Methodist's Marshall to Serve On American Heart Association Board -

Barry S. Marshall, administrator of Clinical Business Development and Cardiovascular Service Line at Methodist University Hospital, has been named to a three-year term on the board of directors of the Shelby County Division of the American Heart Association. Marshall joined Methodist in 2004 as the director of the Transplant Institute at Methodist University Hospital.

19. Fears on Wall Street Could Lead to Recession Troubles on Main Street -

WASHINGTON (AP) - The stock market is on a stomach-churning ride, the nation's once high-flying housing market is sinking deeper into gloom, and credit, the lifeblood of the economy, is drying up.

20. Archived Article: Memos - Todd Proctor was promoted to director of institutional sales at First Mercantile Todd Proctor was promoted to director of institutional sales at First Mercantile. He joined First Mercantile in 1997 as a retirement plan consultant from Merrill Lynch ...

21. Archived Article: Memos - John D John D. Davis Jr. joined accounting firm Bean & Ison as senior business consultant. He graduated from the University of Baltimore and attended Morgan State University Graduate School of Business. He was a sole practitioner for 12 years an...

22. Archived Article: Memos - Ann Hood was promoted to manager of community goodwill for BankTennessee Ann Hood was promoted to manager of community goodwill for BankTennessee. She was assistant to the branch manager at the banks Poplar and Yates location. She attended Mississip...

23. Archived Article: Back-bba - Local architecture firm Self Tucker was awarded the corporation of the year award by the Black Business Association during its 1997 Annual Benny Awards on Thursday night at the Adams Mark Hotel. Local architecture firm Self Tucker was awarded the co...