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VOL. 123 | NO. 43 | Monday, March 3, 2008

Memphis Trader Racks up Nearly $142M Loss

A rogue trader at MF Global Ltd. rang up $141.5 million in losses on the broker's account last week, costing the company almost a fifth of its market value.

Party in the Neighborhood: Cooper-Young event to mirror S. Main trolley tour

Cheryl Mesler, who co-owns Burke's Book Store in Midtown with her husband, Corey, is doubly excited about the book signing happening in April to promote Corey's new book of poems, "Some Identity Problems."

Gents Proves Pampering Not Just for Women

It seems gender equity hasn't completely reached the barber shop, at least that's what Lisa West has experienced throughout her career as a barber. "I don't let women cut my hair" or "You don't look like a barber" are sayings she's heard more than once.

Edging Over a Million

CBU Finds Business Expertise With New Dean

When Christian Brothers University promoted Mike Ryan to vice president for advancement from dean of its school of business last summer, it was the fifth time in 13 years the school's dean had left the job.

Transportation Wages Better in Memphis, Study Finds

Memphis boasts a much larger proportion of employees in the trade, transportation and utilities industries than the overall U.S., and the city's transportation workers earn wages that are equal to or slightly higher than their national counterparts, according to a recent study by the Bureau of Labor Statistics.

Consumer Spending Flat For Second Straight Month

WASHINGTON (AP) - Consumer spending was essentially flat for the second straight month in January, raising new concerns about a possible recession.

Lawmakers Clash on Mortgage Bill, Bankruptcy Changes

WASHINGTON (AP) - Lawmakers clashed on how to deal with the home lending crisis last week, as Senate Republicans blocked a Democratic bid to let bankruptcy courts ease the burden on borrowers who can't make their mortgage payments.

Fed Announces March Auctions to Combat Credit Crisis

WASHINGTON (AP) - The Federal Reserve says it will auction another $60 billion in March as it continues to combat the effects of a severe credit crisis.

A Penny for Your Thoughts: Paulson Not a Big Fan of the One-Cent Coin

WASHINGTON (AP) - A penny for your thoughts? Treasury Secretary Henry Paulson thinks the answer to that question should be not much. In fact, if he had his way, he would like to get rid of the penny.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 238 10,116
MORTGAGES 103 297 13,172
FORECLOSURE NOTICES 0 40 2,578
BUILDING PERMITS 0 370 23,894
BANKRUPTCIES 75 227 9,760
BUSINESS LICENSES 20 71 3,674
UTILITY CONNECTIONS 126 390 14,353
MARRIAGE LICENSES 15 68 3,131

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