VOL. 127 | NO. 202 | Tuesday, October 16, 2012
With the Federal Reserve taking steps to keep financing costs at extreme lows across the economy, it’s probably not surprising to hear an economist say he’s getting an earful from community banks and credit unions around the country.

Church Health Center celebrates 25 years of care
When racers and supporters gather this weekend for the food, games and competition that all will be part of the Church Health Center’s 5K/10K and 1-mile Family Fun Walk, they’ll be part of something more than a race and something more meaningful than fun and games.
Nike has a plan on the drawing board to expand its presence in Memphis in a big way, spending millions to grow its local operation – and add 250 new jobs.
With a legal opinion from City Attorney Herman Morris in hand, Memphis City Council members on Tuesday, Oct. 16, again take up an ordinance that would ban the city from discriminating in hiring and promotions based on sexual orientation.
A group of organizations working to bring to life the Soulsville community ended a busy weekend that is an indication of the area’s promise at about where the produce section was supposed to be in the Soulsville Towne Center supermarket.
Talk to author, business coach and strategy expert Michael Synk long enough, and not only will a few images and themes make an appearance, but they’ll do so repeatedly.
GOVERNMENT AGENDA
The Memphis City Council will meet Tuesday, Oct. 16, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for a full agenda.
8040 Wolf River Blvd.
LOCAL COLUMNISTS
Last week we shared a heartwarming story that featured a number of everyday heroes from various organizations and companies, like ServiceMaster and SeniorBsafe, who helped an elderly couple out of a dire situation. This week let us spotlight the Overton Park Conservancy and share a fun way we can support their efforts by attending a Halloween party.
Oct. 9 marked the five-year anniversary of the record closing high of the S&P 500. With the S&P 500 getting within 3 percent of that closing high last week on a total return basis, many investors wonder if this current equity bull market has any legs left.
REGIONAL
JACKSON, Miss. (AP) – A computer conversion at the Mississippi Department of Revenue delayed some revenue collections from being posted and contributed to a report that showed a September drop in state tax collections.
NATIONAL BUSINESS
NEW YORK (AP) – Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.
REAL ESTATE
NEW YORK (AP) – Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to go unrepaid.
HEALTH CARE
WASHINGTON (AP) – Tobacco companies are urging a federal judge to reject the government's proposed industry-financed corrective statements, calling them "forced public confessions."