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VOL. 123 | NO. 30 | Wednesday, February 13, 2008

Mattila Vows Not to Cause Shake-Up; Wharton Concerned Over Bass Pro Deal

Shelby County Trustee Paul Mattila doesn't plan to make any changes in faces at the office he took over this week after winning appointment by the Shelby County Board of Commissioners.

Biotech Originator Helps New Crop Of Inventors

The entrepreneur who created Memphis' first biotech business is now helping a new generation of inventors.

Shoemaker Financial's Allen Earns Circle of Excellence

Frank Allen, a certified financial planner and financial adviser with Shoemaker Financial, has achieved the Circle of Excellence award from Securian Financial Services for his performance in 2007.

Morris, Chumney Reinvent Themselves in Private Sector

She's now teaching a class on political leadership at the University of Memphis, throwing herself back into her law practice and, in her free time, learning how to swing dance. He's building up a law practice of his own, traveling frequently on business and spending more time with his family.

Former Employees Sue Cargill For $3M in Damages

A group of former and current Cargill Inc. employees has filed a $3 million federal lawsuit against the Minneapolis, Minn.-based company claiming they've been subjected to a hazardous work environment, racial discrimination and retaliation.

Local Weather
Today
Memphis, TN
73°F
Cloudy
Wind: 7 mph
Humidity: 79%

EVENTS

Talk Shoppe will meet today from 9 a.m. to 10 a.m. at the Better Business Bureau of the Mid-South, 3693 Tyndale Drive. The topic is "Real Estate Property Management: What You Need to Know When You Need to Know It" with Hulet Gregory of Clothier & Gregory Real Estate. The event is free and open to the public. For more information, call Jo Garner at 759-7808.

more events »

Administration Announces Program To Help Embattled Homeowners

WASHINGTON (AP) - Homeowners threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the Bush administration announced Tuesday.

U.S. Budget Deficit so Far This Year Running at Twice the Pace of Last Year

WASHINGTON (AP) - The federal budget deficit is running at a pace that is more than double last year's imbalance through the first four months of the budget year.

Fed Auctions Another $30 Billion to Combat Severe Credit Crisis

WASHINGTON (AP) - The Federal Reserve, seeking to combat the effects of a serious credit crisis, said Tuesday it had auctioned $30 billion in funds to commercial banks at an interest rate of 3.010 percent.

Foreclosures Rising as Share of Sold Homes in Hard-Hit Cities, Hurting Prices

WASHINGTON (AP) - A growing share of home sales are from foreclosures, especially in states hardest hit by the housing bust. In some parts of California lately, nearly 50 percent of home sales come from foreclosed houses.

Tenn. Bill Would Create Criminal Offense for Leaving Boating Accident

NASHVILLE (AP) - A proposal that would make it a crime to leave the scene of a boating accident is moving forward in the Tenn. Legislature.

Measure Supporting Popular Election of Lt. Governor Advances

NASHVILLE (AP) - A resolution that would change the state constitution to allow voters to elect both the lieutenant governor and the secretary of state narrowly passed a key Senate committee.

Rep. Frank Buck Says Won't Seek Re-Election After 18 Terms

NASHVILLE (AP) - State Rep. Frank Buck says he won't seek re-election after serving 36 years in the state Legislature.

A Break for Your Sweet Tooth: A Plan to Cut Sales Tax on Candy

NASHVILLE (AP) - Here's a sweet deal: taxing candy at the same reduced rate as groceries like vegetables and milk.

State Legislation Would Require Voting Paper Trail for All Counties

NASHVILLE (AP) - A bill that would require a paper record for voters' ballots in Tennessee is among several measures moving through the Legislature that aim to improve the integrity of the election process.

Wilder Returns to Capitol After Hospitalization

NASHVILLE (AP) - State Sen. John Wilder is back at the Capitol.

Herenton Announces $500K Plan for Increased School Security

Memphis Mayor Willie Herenton has announced the city will immediately buy 65 walkthrough and 210 handheld metal detectors to be used by every middle, junior and senior high school in the Memphis City Schools system. In addition, the Memphis police department will shift 67 officers to city school campuses. Herenton announced the moves this afternoon at a City Hall press conference.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 182 13,079
MORTGAGES 135 267 17,025
FORECLOSURE NOTICES 0 21 3,322
BUILDING PERMITS 366 366 30,930
BANKRUPTCIES 69 135 12,478
BUSINESS LICENSES 23 43 4,532
UTILITY CONNECTIONS 182 328 19,221
MARRIAGE LICENSES 32 67 3,976

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