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VOL. 123 | NO. 12 | Thursday, January 17, 2008

Breaking Point

Foreclosures could signal 'crisis' in '08 - and suburbs far from immune

Over the last few months, the finishing touches have been put on a settlement agreement covering a series of companion lawsuits that Memphis Area Legal Services recently brought against defendants including appraisers, brokers, closing agents and others.

Group Studies Family Court Creation

As the question of government consolidation is debated in a bright and often hot media spotlight, a panel of judges, attorneys and social service providers has been quietly debating the idea of legal consolidation.

Work-Life Balance Can Exist, Martin Tate's Keough Finds

As a director and shareholder at Martin, Tate, Morrow & Marston PC and member of the Memphis Bar Association's board of directors, Liz Landrigan Keough knows a thing or two about balancing a busy career with a personal life.

Q4 Foreclosures Rise 11 Percent

The counts of first-run foreclosure notices as well as actual foreclosure sales didn't jump as dramatically in the fourth quarter as they did throughout 2007. But both categories did see modest gains in Q4 2007 compared to the same period in 2006.

MFR Moves Toward Manufacturing Recycled Foam

Reduce, reuse and recycle are chief tenets of the green movement, and a Memphis company is upholding all three of them with a service aimed at the city's numerous manufacturers and distributors.

Local Weather
Memphis, TN
Wind: South at 11.5 mph
Humidity: 85%


Women on the Move will host a luncheon today at 11:30 a.m. at The Crescent Club, 6075 Poplar Ave., ninth floor. My Harrison, special agent in charge of the FBI Memphis field office, is the featured speaker. The cost is $19.50 per person. For reservations, call 684-1010.

more events »

Obama Office to Open in Eastgate Today

With three weeks to go before Tennesseans vote in the Feb. 5 "Super Tuesday" presidential primary, the campaign of Sen. Barack Obama, D-Ill., has established an office in Memphis and will host a grand opening celebration tonight.

Luban to Address Legal Ethics Friday

Attorneys can have different opinions about the law. But how do they know when they've gone too far ethically in the service of the institutions they work for?

Treasurer Concerned About Implementing Divestment Proposals

NASHVILLE (AP) - Tennessee Treasurer Dale Sims says he is concerned about how his agency would ban the state from investing in companies that deal with nations accused of supporting genocide or terrorism.

Donald Allows School Construction While Mayors Call Off Meeting With Gov.

U.S. District Judge Bernice Donald ruled Wednesday afternoon that the Shelby County school system can build two new schools – one middle school and an elementary school – to be ready for students in the 2009-2010 school year.

Tenn. Bill Would End Anonymous Complaints of Environmental Violations

NASHVILLE (AP) - The sponsor of a sweeping proposal to eliminate most environmental investigations based on anonymous complaints says the measure is aimed at a property dispute in his Northeast Tennessee distinct and will be narrowed down during the legislative session.

Lawmakers Have Up to $27M to Put Toward Lottery Scholarships

NASHVILLE (AP) - The chief economist for the Legislature's Fiscal Review Committee told lawmakers on Wednesday they can put as much as $27 million toward lottery scholarships next year.

Senate Approves Bill Allowing Guns Where Alcohol Served

NASHVILLE (AP) - Tennessee is a step closer to joining more than 30 other states that allow individuals with handgun permits to carry the weapon in establishments that serve alcohol.

Tennessee Getting $2M More to Help Poor Pay Heating Bills

NASHVILLE (AP) - Tennessee is getting an infusion of $2 million dollars from the federal government to help the poor pay heating bills.

Audit Finds Problems With State Energy Program

KNOXVILLE (AP) - An audit has found plenty of leaks in state government's energy efficiency and conservation efforts.

Voter Registration Increases Leading Up to Feb. 5 Primary

NASHVILLE (AP) - Voter registrations are growing in Tennessee ahead of next month's presidential primary.

$4.8 Million Workers’ Comp Bill Looms Over Restaurant Owners

NASHVILLE (AP) - Restaurant owners across the state may have to pay thousands each to shore up a workers' compensation fund that the state says was mismanaged.

Merger Math: Northwest Could Face $215M Penalty if it Moves Headquarters Out of Minnesota

MINNEAPOLIS (AP) - If another carrier combines with Northwest Airlines, where would the duo be based? The answer could be worth $215 million.

Democrats, Republicans Promise Speedy Work on Economic Stimulus Legislation

WASHINGTON (AP) - Under pressure to act quickly on the sagging election-year economy, Democratic and GOP leaders held talks Wednesday amid increasing optimism that the warring factions might actually agree soon on an economic stimulus bill.

Fed Says Economy has Lost Momentum; Recession Fears Persist

WASHINGTON (AP) - Retailers, home builders and many manufacturers should brace for even more rough times ahead, a somber Federal Reserve suggested Wednesday amid growing fears that the U.S. might be sliding into recession.

Index of Home Builders' Confidence Remains Near Record Low as Housing Woes Continue

WASHINGTON (AP) - A reading of U.S. homebuilders' sentiment remained near a record low in January, as gloom engulfed the housing industry.

U.S. Banks Seeing Higher Delinquencies on More Than Just Mortgage Payments

NEW YORK (AP) - The bill for America's excessive borrowing during the housing boom has arrived, and more people are having trouble paying it.

Corporate Lobbyists Seek Tax Breaks in Proposed $100 Billion Economic-Stimulus Measure

WASHINGTON (AP) - From Congress to the campaign trail, everyone seems to have an economic stimulus plan - and from missile makers to garden suppliers- every business wants a piece of it.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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