VOL. 127 | NO. 223 | Wednesday, November 14, 2012
The Federal Reserve has signaled its intent to buy mortgage-backed securities for much of the near future to try and goose the economy, which means mortgage rates are liable to keep skating along the bottom, as they are now.

Crew Training International directs way missions are flown
In an unassuming building in Germantown is a company helping to shape the way combat pilots and ground crew work, and combat missions are flown the world over.
Pinnacle Airlines Corp. has delayed filing a reorganization plan and financial disclosure to Delta Air Lines, possibly until the end of December.
Saint Francis Hospital-Memphis this week becomes the first hospital in the city to offer the MAKOplasty partial knee resurfacing treatment.
Entrepreneurs are by nature risk-takers, but it’s not everyday that you see a 24-year-old putting his livelihood on the line to pursue his calling.
Memphis-based Verso Paper Corp. took a net loss of $104.7 million in the third quarter compared to a year ago with the closure of its mill in Sartell, Minn.
Leaders of the Achievement School District started earlier in the run-up to their second school year than they did with the first group of five Memphis schools they picked for the state-run district’s debut in August.
MEMPHIS NEWSMAKERS
Erika Ewen has joined Cushman & Wakefield/Commercial Advisors Asset Services LLC as controller. Ewen will direct the accounting department in all accounting functions and financial reporting of Commercial Advisors Asset Services as well as all property management clients.
LOCAL COLUMNISTS
To deliver a stellar performance, great actors engage in an extensive process to get inside the head of their characters – understanding their persona. Similarly, imagine if your sales force were armed with such a deep understanding of their buyers. Not only would it improve their ability to connect with prospects in a more meaningful way; it would also allow them to tailor their pitch to ensure it moves prospects to buy.
Entrepreneurialism is the last frontier – an uncharted region with unprecedented, unforeseen, unknown dangers, challenges and rewards.
NATIONAL BUSINESS
WASHINGTON (AP) – Labor leaders said Tuesday that President Barack Obama remains committed to preserving tax cuts for middle class families and ensuring the wealthy pay more in taxes, outlining plans for a public campaign to pressure Republican lawmakers.
WASHINGTON (AP) – Everyone who pays income tax – and some who don't –will feel it.
NEW YORK (AP) – Slightly more Americans will hit the road this Thanksgiving, according to AAA. That includes people who are choosing to drive instead of fly as household budgets remain tight.
NATIONAL GOVERNMENT
WASHINGTON (AP) – The federal government started the 2013 budget year with a $120 billion deficit in October, an indication that the nation is on a path to its fifth straight $1 trillion-plus annual deficit.
HEALTH CARE
WASHINGTON (AP) – Nearly a decade ago, federal health inspectors wanted to shut down the pharmacy linked to a recent deadly meningitis outbreak until it cleaned up its operations, according to congressional investigators.