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VOL. 124 | NO. 10 | Thursday, January 15, 2009

’08 Foreclosures Set Stage for Rough ’09

The most revealing metric for gauging the extent of the foreclosure problem in Shelby County over the course of 2008 isn’t a number at all – though the numbers point to what arguably is a disturbing trend.

Q4 Pulls Off Pleasant Surprise

While the number of foreclosure sales in Shelby County in 2008 posted a nearly 7 percent increase compared to last year, the fourth quarter of 2008 did not follow that same general trend, according to the latest numbers from real estate information company Chandler Reports, www.chandlerreports.com.

Hospital Lawyers Say Wage Suit A Union Ploy

A lawsuit against Memphis hospitals over an alleged wage-fixing conspiracy is actually a union ploy to organize nurses, according to a court filing by the hospitals’ attorneys.

Memphis Lawyer Weighs in on Pay Legislation

Two pieces of national legislation that deal with equal pay for equal work recently were passed by the U.S. House of Representatives and soon will be up for Senate consideration.

Mortgage Bankers Aflutter Over Refi Boom

The new year brought new hope for the embattled mortgage industry, but it also brought a continuation of low interest rates, which has spurred a refinancing boom unlike any in recent memory in Memphis and elsewhere.

Local Weather
Memphis, TN
Partly Cloudy
Wind: Southwest at 13.8 mph
Humidity: 72%


The Memphis Advertising Federation is asking for entries for the ADDY competition by today. The ADDY competition recognizes creative excellence in advertising. Entries must be dropped off at the Fogelman Executive Center at the University of Memphis between 3 p.m. and 6:30 p.m. For more information, visit www.memphisadfed.org, www.addypills.com or call Marcia Anthony at 321-7638.

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Tenn. House Pitched Into Uncertainty by Speaker Vote

NASHVILLE (AP) – The surprise election of Republican Rep. Kent Williams as speaker of the Tennessee House has heightened the atmosphere of uncertainty in an already closely divided chamber.

Rice Receives Rare Family Law Inclusion In Mid-South Super Lawyers

Larry Rice, the senior member at Rice, Amundsen and Caperton PLLC, has been chosen for inclusion in the 2008 edition of Mid-South Super Lawyers. Rice is the only certified family law specialist selected for the honor.

UT Predicts 700 Lost Jobs to Deal with Budget Cuts

KNOXVILLE, Tenn. (AP) - The University of Tennessee predicts a $66 million cut in state appropriations could force the elimination of 700 jobs even with a tuition increase next year.

Obama EPA to Investigate Coal Ash Sites

WASHINGTON (AP) - President-elect Barack Obama's pick to head the Environmental Protection Agency promised Wednesday to immediately assess hundreds of coal ash disposal sites at power plants across the country in the wake of two spills in Alabama and Tennessee.

Economy Starts '09 on Weaker Footing; Outlook Dim

WASHINGTON (AP) - The U.S. economy started the new year on weaker footing as recession-shocked Americans retrenched further, forcing retailers to ring up fewer sales and factories to cut back production.

House Votes to Expand Health Care for Children

WASHINGTON (AP) - The House voted Wednesday to expand government-sponsored health care to 4 million more children of working families, making a down payment on President-elect Barack Obama's promise to provide universal health care to all Americans who want it.

Death Knell for Citigroup's 'Supermarket' Model

NEW YORK (AP) - The original financial supermarket is dead.

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Blog News, Training & Events
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700

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