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VOL. 123 | NO. 20 | Wednesday, January 30, 2008

Democrats Heat up Primary Race

There was a telling moment Sunday at Monumental Baptist Church. It came as Democratic presidential contender Hillary Clinton swayed in her chair to the melody of the church choir.

Nursing Landscape Could Change With New Specialty

An increasingly complex web of technology, regulations and aging patients has compelled the health care industry to create a new type of nurse trained to lead others through the maze.

Jewell Receives Certificate of Planning

Laura Jewell of A2H has received a certificate of planning from the American Institute of Certified Planners.

Herenton Pitches Options for Convention Center

Memphis Mayor Willie Herenton wants to look at either building a new convention center Downtown or expanding the existing Memphis Cook Convention Center. Herenton made the formal pitch during a speech Tuesday at the Memphis Rotary Club. The Daily News first reported Thursday that the idea was being pursued by the administration.

Federal Reserve's Fourth Auction of Short-Term Loans Sees Interest Rate Drop to 3.123 Percent

WASHINGTON (AP) - The Federal Reserve, working to combat effects of a serious credit crisis, said Tuesday it had auctioned $30 billion in funds to commercial banks at an interest rate of 3.123 percent.

Local Weather
Today
Memphis, TN
56°F
Partly Cloudy
Wind: 10 mph
Humidity: 40%

EVENTS

The Memphis Regional Chamber will present its Breakfast Forum '08 today from 7:30 a.m. to 9 a.m. at the Hilton Memphis hotel, 939 Ridge Lake Blvd. Tom Schmitt, the 2008 chamber chair and the president and CEO of FedEx Global Supply Chain Services, will present "Moving the Needle on Memphis!" The cost is $20 for chamber members and $30 for nonmembers. Reservations should be made by calling 543-3518 or e-mailing emilford@memphischamber.com.

more events »

Bank of America's Lewis Says Deal for Countrywide "Is a Go"

CHARLOTTE, N.C. (AP) - Bank of America Corp. is moving forward with its purchase of beleaguered mortgage lender Countrywide Financial Corp., Chief Executive Ken Lewis said Tuesday.

Lawmakers Consider Changes to Ethics Overhaul

NASHVILLE (AP) - Some state lawmakers are still confused over what's allowed under Tennessee's ethics law when it comes to meeting with special interest groups trying to influence legislation.

Bill to Ban 'Girls Gone Wild' TV Ads Stalling in Legislature

NASHVILLE (AP) - A proposal that would ban late-night TV ads showing half-naked young women is stalling its second time through the Legislature.

S&P Says November Home Prices Fell at Record Pace; 2nd Study Found Prices Mostly Unaffordable

NEW YORK (AP) - U.S. home prices plunged by a record 8.4 percent in November, marking two years of slowing returns, according to a key index released Tuesday.

House Passes Economic Recovery Package

WASHINGTON (AP) - The House, seizing a rare moment of bipartisanship to respond to the economy's slump, overwhelmingly passed a $146 billion aid package Tuesday that would speed rebates of $600-$1,200 to most taxpayers.

State Bill Would Make Displaying Fake Gun an Offense

NASHVILLE (AP) - Displaying a fake gun in a threatening manner would be against the law under a proposal moving through the Legislature.

County Task Force to Explore Taxing Options

As his proposal for a flat-rate payroll tax took withering fire from the local corporate community including FedEx Corp., Shelby County Mayor A C Wharton Jr. was working on another front with some of those same business leaders.

Number of US Homes In Foreclosure Soared 79 Percent in '07

LOS ANGELES (AP) - The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79 percent higher than in the previous year, a real estate tracking company said Tuesday. Many home-

Numerous Homes For Sale Being Burglarized

Homes for sale are being burglarized at a rapid rate in five different East Memphis neighborhoods, officials with the Memphis Area Association of Realtors said Tuesday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 64 64 16,477
MORTGAGES 72 72 21,504
FORECLOSURE NOTICES 6 6 4,272
BUILDING PERMITS 0 0 39,378
BANKRUPTCIES 69 69 15,611
BUSINESS LICENSES 13 13 5,504
UTILITY CONNECTIONS 84 84 23,657
MARRIAGE LICENSES 37 37 5,072

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