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Editorial Results (free)

1. Storm's Cost May Hit $50 Billion; Rebuilding to Ease Blow -

WASHINGTON (AP) – Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm.

2. Allie Prescott to Head U of M Alumni Association -

Allie Prescott has been elected president of the University of Memphis Alumni Association national executive board of directors.

Prescott holds his bachelor’s and law degrees from the U of M, and he is a life member of the University of Memphis Alumni Association. As a former adviser to the executive director and former vice president for membership, Prescott is serving his fifth year on the national board.

3. AP-CNBC Poll: Investors Wary of Stock Trading -

WASHINGTON (AP) – Wild gyrations on Wall Street have made U.S investors leery of buying individual stocks and skeptical that the market is a fair place to park their money.

In an Associated Press-CNBC poll of investors, 61 percent said the market's recent volatility has made them less confident about buying and selling individual stocks. And the majority of those surveyed – 55 percent – said the market is fair only to some investors.

4. Court Says Judges Can Settle Mutual Fund Fee Fight -

WASHINGTON (AP) – The U.S. Supreme Court on Tuesday rejected a lower court standard that investors say would have made it almost impossible for them to sue over “excessive” fees on mutual funds.

5. Americans Saving More, Spending Less -

WASHINGTON (AP) - Americans are hunkering down and saving more. For a recession-battered economy, it couldn't be happening at a worse time.

Economists call it the "paradox of thrift." What's good for individuals – spending less, saving more – is bad for the economy when everyone does it.

6. Swaggers Turn to Shudders a Year After Market High -

SAN FRANCISCO (AP) – Just a year ago, investors were swaggering as the stock market surged to an all-time high. Now, almost everyone on Wall Street and Main Street seems to be shuddering amid a frightening reversal of fortune that has erased $8.3 trillion in shareholder wealth in the past year.

7. Treasury, Fed Move to Bolster Money Market Funds -

WASHINGTON (AP) - The Treasury Department and the Federal Reserve announced separate actions Friday designed to bolster $2 trillion of assets in money market funds, which had come under threat from one of the worst financial crises in decades.

8. Top Lawmaker Pushes for More Power Over Banks, Hedge Funds After Bear Stearns Near-Collapse -

WASHINGTON (AP) - A key House Democrat is calling for tougher and broader regulations of the financial system after the fall of investment bank Bear Stearns.

Rep. Barney Frank, D-Mass., the chairman of the House Financial Services Committee, wants to give either the Federal Reserve or a new regulator the power to oversee the activities of major financial players, regardless of whether they are a bank, securities firm or hedge fund.

9. Government Steps Up to Help Borrowers, But Not Without Controversy -

As more states and cities struggle to find the money to bail out homeowners caught up in the housing downturn, some Americans are wondering why government should be rewarding people for their greed or irresponsibility.

10. Archived Article: Newsmakers - Timm Locke, president of Locke Marketing Public Relations, was named new executive vice president of NOFMA: The Wood Flooring

Askew Appointed to AIA Fellows Jury

Lee Askew III, partner and founder of Askew Nixon Ferguson Architects, was appoin...

11. Archived Article: Ccdc P.2 - CCDC approves CCDC approves three project loans By KATHLEEN BURT The Daily News Development loans for three small but significant projects were approved by the Center City Development Corp. Tuesday. The board unanimously approved a total of $81,500 ...

12. Archived Article: Ccdc (lead) - CCDC to consider CCDC to consider Downtown projects By KATHLEEN BURT The Daily News On Feb. 22, the Center City Development Corp. will consider three Downtown projects seeking development loans. Two of the projects are renovations, while the third i...

13. Archived Article: Law Briefs - The Memphis Bar Association will continue its estate planning series from 4:30 p The Memphis Bar Association will continue its estate planning series from 4:30 p.m. to 6:30 p.m. Tuesday at the Racquet Club, 5111 Sanderlin. The seminar offers two hou...

14. Archived Article: Milestones - The International Television Association will meet Tuesday at 5:30 p The International Television Association will meet Tuesday at 5:30 p.m. at Parkway Village Branch Library, 4655 Knight Arnold Road. Officers and board members will be nominated and...