VOL. 127 | NO. 230 | Monday, November 26, 2012
Memphis-area banks on the whole were a lot less profitable at the end of the third quarter than they were during the same period in 2011.

A year after the arrival of bike lanes, Madison Avenue sees property investments
A year ago, city roads crews were wrapping up the installation of dedicated bike lanes on the two-mile stretch of Madison Avenue between McNeil and Cooper streets – the culmination of an extensive debate that included those radically for or radically against the two-wheeled route that entailed a major road diet and on-street parking.
Memphis-based advertising, marketing, design and public relations firm inferno won one gold and three silver awards in the 2012 Davey Awards, an international program that honors outstanding creative work from small firms.
Cars are indispensable necessities for many Memphians who don’t live close to their jobs. When they break down, the repairs often are costly and can force some tough choices to be made.
LOCAL COLUMNISTS
This morning I read in the news that John Gagliardi, the somewhat maverick coach of the St. John’s “Johnnies” Division III football team, is retiring after 64 years of coaching. In addition to holding the record for coaching longevity, there is one more little thing about Gagliardi that is worth noting. Let’s talk a little about football history.
Ray’s Take Here’s a surprising fact: the average American homeowner refinances their mortgage every four years.
THE MEMPHIS NEWS

Black Friday kicks off the holiday season – and hopefully launches the economy
The retail business has been described in recent times as Darwinian in nature to those in the industry, meaning formats come and go as competition intensifies each year.
In our goal-oriented, performance standardized society, it is sometimes hard to realize that dates circled in red on our calendars aren’t the beginning or end to some kind of measurement.
NATIONAL BUSINESS
WASHINGTON (AP) – U.S. consumers are optimistic the unemployment rate will drop over the next 12 months, boosting their confidence to the highest level in five years.
WASHINGTON (AP) – The number of people seeking U.S. unemployment benefits fell sharply to a seasonally adjusted 410,000, though the figure was elevated for the second straight week by Superstorm Sandy.
ST. LOUIS (AP) – A new report shows that the nation's worst drought in decades is getting worse again, ending an encouraging five-week run of improving conditions.
TECHNOLOGY
NEW YORK (AP) – Facebook is proposing to end its practice of letting users vote on changes to its privacy policies. The company says it will continue to let users comment on proposed updates.