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Editorial Results (free)

1. Harris Files Ford Challenge at Deadline -

Memphis City Council member Lee Harris is challenging Democratic state Sen. Ophelia Ford in the August primary for District 29, the Senate seat held by a member of the Ford family since 1975.

2. Firm Selected to Market Mall of Memphis Site -

The local office of Jones Lang LaSalle has been selected to market the former Mall of Memphis property for industrial tenants.

Johnson Development Associates Inc. closed in April on the 113-acre site in the southwest quadrant of Interstate 240 and Perkins Road for $2.7 million. The Spartanburg, S.C.-based developer plans to build an industrial park called Aerotropolis Logistics Park that can accommodate two or more speculative or build-to-suit facilities of up to 1.2 million square feet.

3. House to Pass 6-Month Spending Bill -

WASHINGTON (AP) – As its last major act before leaving Washington for the fall campaign, the House is voting to put the government on autopilot for six months.

The temporary spending bill is needed to avert a government shutdown when the current budget year expires Sept. 30. At issue are the day-to-day operating budgets of Cabinet agencies that are funded annually by Congress through 12 appropriations bills.

4. GOP: Geithner Failed to Tell Congress About LIBOR -

WASHINGTON (AP) – Republican lawmakers are criticizing Treasury Secretary Timothy Geithner for failing to alert Congress four years ago that banks could have been manipulating a key global interest rate.

5. Johnson Finds Right Spot at Former Mall Site -

Local industrial brokers are well aware of the city’s taxes and its impact on putting together a competitive proposal for a potential user.

But occasionally, developers are able to snatch up property for such a value that helps offset some of those tax issues.

6. Bernanke: Weak Housing has Hurt Consumer Spending -

WASHINGTON (AP) – Ben Bernanke said declines in home prices have forced many Americans to cut back sharply on spending and warned that the trend could continue to weigh on the U.S. economy for years.

7. Bernanke Defends Fed Policies Against GOP Critics -

WASHINGTON (AP) – Ben Bernanke defended the Federal Reserve's decision to hold interest rates at record-low levels for the next three years, during a contentious hearing before federal lawmakers.

8. LaBelle Kicks Off Baptist’s Centennial -

Legendary recording artist Patti LaBelle was in Memphis Thursday, Dec. 8, to help kick off Baptist Memorial Health Care Corp.’s yearlong centennial celebration with a fundraiser for its new comprehensive cancer care center.

9. GOP Shifts Strategy on Housing Market Overhaul -

WASHINGTON (AP) – House Republicans plan to introduce eight bills on Tuesday that would each take a small step toward pushing taxpayer-backed mortgage giants Fannie Mae and Freddie Mac out of business, according to congressional aides and lobbyists.

10. GOP Shifts Strategy on Housing Market Overhaul -

WASHINGTON (AP) – House Republicans plan to introduce eight bills on Tuesday that would each take a small step toward pushing taxpayer-backed mortgage giants Fannie Mae and Freddie Mac out of business, according to congressional aides and lobbyists.

11. Key House Republican Praises Obama Housing Plan -

WASHINGTON (AP) – The Obama administration's plan to gradually dissolve ailing housing giants Fannie Mae and Freddie Mac and to shrink the government's role in the mortgage market drew praise from House Republicans on Tuesday. The GOP chairman of the House Financial Services Committee called the proposal a good starting point for bipartisan negotiations over a housing overhaul.

12. Tab for Fannie, Freddie Could Soar to $259B -

WASHINGTON (AP) — The government spelled out Thursday just how much the most expensive rescue of the financial crisis will end up costing taxpayers — as much as $259 billion for mortgage buyers Fannie Mae and Freddie Mac.

13. Gov't Official Warns on Home Down Payment Hikes -

WASHINGTON (AP) - The head of the Federal Housing Administration is warning that boosting the minimum down payment borrowers must provide to qualify for home loans backed by the agency could threaten the housing market.

14. Obama Tells Banks: 'We Want Our Money Back' -

WASHINGTON (AP) - President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. "We want our money back," he said.

15. Gardens of Germantown Secures Funding to Build Alzheimer’s Facility -

3179 Professional Plaza
Germantown, TN 38138
Loan Amount: $8 Million
Loan Date: July 16, 2009


Maturity Date: Aug. 1, 2050
Borrower: Gardens of Germantown LLC
Lender: Deutsche Bank Berkshire Mortgage Inc.
Details: The developer of an Alzheimer’s facility called the Gardens of Germantown has filed an $8 million construction loan through Deutsche Bank Berkshire Mortgage Inc.

16. Baptist Files $4.4M Auditorium Permit -

Baptist Memorial Hospital-Memphis has filed a $4.4 million permit with the city-county Office of Construction Code Enforcement to build an auditorium on its Walnut Grove campus. The hospital in June broke ground on the 282-seat auditorium, to be named in honor of the late Dr. H. Edward Garrett Sr., a surgeon who performed the world’s first successful heart bypass surgery in 1964, three years before he joined the staff of the Memphis hospital.

17. Baptist to Hold Conference Center Groundbreaking Ceremony -

Officials at Baptist Memorial Hospital Memphis will hold a groundbreaking ceremony Tuesday for a $6.9 million project that will bring a conference center to the campus.

The conference center will include an auditorium named in honor of the late Dr. H. Edward Garrett Sr., a surgeon who performed the world’s first successful heart bypass surgery in 1964, three years before he joined the staff of the Memphis hospital.

18. AIG CEO Says Employees Starting to Return Bonuses -

WASHINGTON (AP) – The head of battered insurance giant AIG told Congress on Wednesday that “we’ve heard the American people loudly and clearly” in their rage over executive bonuses and appealed to employees to voluntarily return at least half of the money.

19. Where’d the Bailout Money Go? Shhhh, It’s a Secret -

WASHINGTON (AP) – Think you could borrow money from a bank without saying what you were going to do with it? Well, apparently when banks borrow from you, they don’t feel the same need to say how the money will be spent.

20. House Lawmakers Consider $15B Mortgage Bailout Plan as Housing Troubles Continue -

WASHINGTON (AP) - Investors could sell up to $15 billion of troubled mortgages to the government under a plan key House members are discussing to bolster the U.S. housing market.

The tentative plan would allow the government to purchase up to 1 million mortgages over five years in an effort to help struggling borrowers avoid foreclosure and financial markets avoid more credit-related losses. The loans would be bought by the Federal Housing Administration, a Depression-era agency that insures loans made to borrowers with poor credit.

21. Archived Article: Newsmakers - GLANKLER BROWN ATTORNEYS SOME OF THE BEST IN AMERICA

VA Researcher Awarded for Scientific Achievement

Dr. Andrew H. Kang was presented the William S. Middleton Award, the Department of Veterans Affairs most prestigious award for scientific ach...

22. Archived Article: Real Briefs - Fifty two Memphis-area Crye-Leike sales associates earned the accredited buyer representative (ABR) designation this year A total of 52 Memphis-area Crye-Leike sales associates recently earned the accredited buyer representative designation. They jo...

23. Archived Article: Memos - Bill Ray has been named regional director-corporate and community affairs for BellSouths West Tennessee operation Bill Ray has been named regional director-corporate and community affairs for BellSouths West Tennessee operation. He joined the compan...

24. Archived Article: Memos - Storage USA names official Ian McFadden has been named chief operating officer for The Regional Medical Center. He formerly was vice president of hospital services for West Tennessee Healthcare Inc. He has masters degrees from the University of Memp...