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VOL. 123 | NO. 40 | Wednesday, February 27, 2008

Fasten Your Seatbelts

County can expect plenty of turbulence during '09 reappraisal

As the housing market continues its roller coaster ride, Shelby County officials have begun to fret openly amongst each other about something that was little more than a private concern before now.

UTHSC's Haik on Lookout for Heir Apparent

Barrett Haik works 80 to 120 hours a week, and after 13 years in Memphis, he can point to one of the nation's premiere ophthalmology centers, the Hamilton Eye Institute.

St. Jude's Evans Elected Chair-Elect of National Group

William Evans, St. Jude Children's Research Hospital director and CEO, has been elected as chair-elect of the Pharmaceutical Sciences section of the American Association for the Advancement of Science.

Foreclosure Bite Deepens in Usual Suspects; Suburbs Feel It Too

Steve Lockwood doesn't need to review an economic impact study or read a housing report to understand how foreclosures have taken a toll on the community where he works.

Waddell to Address Globalization At Annual Meeting

David Waddell, president and CEO of the Waddell & Associates Inc. wealth management firm, will host his annual "State of the Union" meeting Friday at the FedEx Institute of Technology. About 200 people are expected to attend.

Local Weather
Today
Memphis, TN
67°F
Fair
Wind: 8 mph
Humidity: 37%

EVENTS

master IT will host a business seminar, "Business Unplugged," today from 8 a.m. to 11:30 a.m. at the University of Memphis FedEx Institute of Technology, 365 Innovation Drive. Several speakers from technology companies will be in attendance. For more information or to register, visit www.master-it.com/unpluggedevent.html or call 377-7891.

more events »

Commissioners Scratch Heads - And Bump Heads - Over Financial Issues

Some Shelby County Board of Commissioners members seem resolved to make some kind of cuts in county spending. Others say they will propose a different way of raising revenue beyond a property tax rate hike.

Higher Costs for Food, Energy and Medicine Push Wholesale Prices Up Sharply

WASHINGTON (AP) - Battered by bad economic news, consumer confidence plunged while wholesale food, energy and medicine costs soared, pushing inflation up at the fastest pace in a quarter century.

State Senate Passes Bill to Ban Cars From Stopping on Highway Ramps

NASHVILLE (AP) - The Senate has passed a bill to make it illegal to park cars on highway ramps.

Bill Would Move Up Qualifying Deadline for Presidential Primary

NASHVILLE (AP) - Legislation that would move up the qualifying deadline for the presidential primary is headed now to the governor.

Some Lawmakers Skeptical of $10M for Conservation Grants

NASHVILLE (AP) - Some lawmakers are expressing concern about approving another cash infusion for the state's Heritage Conservation Trust Fund amid tight budget conditions.

Tenn. Bills Would Close Access to Public Employees' Contact Info

NASHVILLE (AP) - Tennessee lawmakers are considering proposals to close public employees' home addresses, phone numbers and dates of birth from public inspection.

Abortion Resolution Fails Again in House Subcommittee

NASHVILLE (AP) - A resolution that would change the state's constitution to allow more limits on abortion has failed again in a House subcommittee, but supporters say they aren't giving up hope this year.

State Senate Passes Bill to Move Sales Tax Holiday off Easter Weekend

NASHVILLE (AP) - The state Senate has voted to move next month's sales tax holiday so it won't fall on Easter weekend.

Tenn. Bill Would Require Larger Birth Dates on Driver’s Licenses

NASHVILLE (AP) - The state Senate has passed a bill that would require birth dates to be printed in large, red numbers on driver’s licenses.

State Senate Delays Vote on Removing Time Limits for DUI Tests

NASHVILLE (AP) - Questions over the legal implications of removing a time limit on drunken driving tests have led the Senate to delay a vote on the matter until later this week.

Number of US Homes Facing Foreclosure Jumps 57 Percent in January

LOS ANGELES (AP) - The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn't unload at auctions, a mortgage research firm said Monday.

Health Care Spending Projected to Nearly Double to $4.3 Trillion Annually by 2017

WASHINGTON (AP) - By 2017, total health care spending will double to more than $4 trillion a year, accounting for one of every $5 the nation spends, the federal government projects.

Thompson Pleads Guilty To Fraud

The plea came on Thompson’s first appearance before U.S. District Judge Jon P. McCalla on the corruption charges he was indicted on in November.

Regions 10-K Filing Indicates SEC Interest

The U.S. Securities and Exchange Commission is looking into recent events at Morgan Keegan & Co., the Memphis-based subsidiary of Regions Financial Corp. that currently is the subject of several lawsuits filed on behalf of angry investors.

State Rep. Rowe Dies of Cancer

State Rep. Gary Rowe, the chairman of the Shelby County legislative delegation, died early today of cancer at Baptist Memorial Hospital Memphis.

Ford Report Date Put Off Until Thursday

U.S. District Judge J. Daniel Breen has continued until Thursday a hearing on when former State Sen. John Ford must report to prison.

Working Group May Be Key To Pyramid Plans

Members of the Shelby County Board of Commissioners and Memphis City Council have an informal consensus that they will hire a team of financial and real estate experts to negotiate with the two companies that want to develop The Pyramid.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 242 14,959
MORTGAGES 111 255 19,585
FORECLOSURE NOTICES 21 43 3,838
BUILDING PERMITS 153 512 35,842
BANKRUPTCIES 61 182 14,216
BUSINESS LICENSES 18 104 5,095
UTILITY CONNECTIONS 76 246 21,679
MARRIAGE LICENSES 16 75 4,632

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