VOL. 124 | NO. 7 | Monday, January 12, 2009
Of all the real estate storylines from 2008, perhaps the most revealing was that bank sales – i.e., foreclosures – accounted for 37.3 percent of the residential market share in 2008, up from 24.7 percent in 2007.
Fourth quarter real estate was in lockstep with the rest of the year in Shelby County, as home sales tumbled 15 percent compared with the same quarter in 2007, according to real estate information company Chandler Reports, www.chandlerreports.com.
As part of its $700 billion effort to shore up the country’s financial system and stabilize a shaky economy, the U.S. Treasury Department had as of last week pumped more than $177 billion in new capital into 215 banks and financial institutions.
WASHINGTON (AP) – The nation’s unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs, capping one of the worst years in modern history for American workers.
Switching from selling paint to specializing in cake decorating supplies may seem like a risky proposition, but the family behind Mary Carter Decorating Center made it work.
NASHVILLE, Tenn. (AP) - Two Republican candidates for Tennessee constitutional offices have been linked to a proposal for the state to benefit from taking out life insurance policies on unwitting retired state employees.
CHARLOTTE, N.C. (AP) - Shares of SunTrust Banks Inc. fell on Friday after an analyst downgraded shares of the regional bank, saying he expects continued credit woes and a difficult operating environment in 2009.
NASHVILLE, Tenn. (AP) - State officials temporarily suspended admissions to a Nashville mental health treatment facility for youth after the same boy twice drank disinfectant.
WASHINGTON (AP) - President-elect Barack Obama's economic team is broadening the mission of the 700 billion bailout for the financial sector, aiming to unfreeze credit for homeowners, consumers, small businesses and local governments.
NASHVILLE, Tenn. (AP) - Tennessee State University has dropped nearly 500 students at a time when state appropriations and revenue from students are decreasing.
WASHINGTON (AP) - The Democratic-led House took up two wage discrimination bills Friday, moving quickly to affirm its worker rights credentials as labor ally Barack Obama prepares to move into the White House.
KNOXVILLE, Tenn. (AP) - The University of Tennessee's endowment dropped nearly 32 percent in the face of an economic recession, but school officials say fundraising is exceeding expectations.
BRENTWOOD, Tenn. (AP) - Bank officials say Republican U.S. Rep. Marsha Blackburn's home in Brentwood was placed into foreclosure proceedings because of a processing error.