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VOL. 123 | NO. 4 | Monday, January 7, 2008

Consolidation Not On Mind of All Mayors

It will be up to Memphis Mayor Willie Herenton to prove that his latest bid for local government consolidation is different from

Study Grades Tenn. Lottery Last For Fairness

Soon after state lawmakers return to Nashville for Tuesday's reconvening of the 105th Tennessee General Assembly, they're expected at some point to try and re-jigger elements of the state's lottery operation. Changes to the HOPE scholarship program, which is funded by the lottery, might also be in the works.

Nicolette's Menswear Brings Beverly Hills Style To Memphis

It wasn't Nicole Becton's bachelor's degree in criminal justice that determined her path in life. It was, rather, her eye for fashion.

Everybody's Business

Under Oath, Cooper Alleges More Backroom Deals at City Hall

The informant in an FBI undercover probe that led to federal indictments against two Memphis City Council members now has talked about his role in that case – and a related civil matter – under oath.

Local Weather
Currently
Memphis, TN
42.0°F
Fair
Wind: Northwest at 10.4 mph
Humidity: 53%

EVENTS

The Shelby County Board of Commissioners committee meetings will begin today at 9 a.m. in the fourth floor conference room of the Shelby County Administration Building, 160 N. Main St. For a complete schedule of commission meeting times, call Steve Summerall, chief administrator, at 545-4301.

more events »

Administration Considering a Possible Economic Stimulus Package to Ward Off Recession

WASHINGTON (AP) - The Bush administration, faced with a deteriorating economy and a big jump in unemployment, said Friday it was considering an economic stimulus package that might include tax cuts to ward off a recession.

Fed Says it Will Boost New Auction Amounts by 50 Percent to Help Banks Through Credit Squeeze

WASHINGTON (AP) - The Federal Reserve announced Friday that it is increasing the amount of money available to banks through the new auction process it created to ease the nation's severe credit squeeze. The Fed again pledged to continue the auctions "for as long as necessary."

Fred's President, Operating Chief Retire

MEMPHIS (AP) - Discount-store operator Fred's Inc. on Friday said its president and chief operating officer will both retire.

Blues Trail Marker to Honor Elvis Birthplace

TUPELO, Miss. (AP) - A Mississippi Blues Trail marker will be placed at the Tupelo birthplace of legendary musician Elvis Presley on Tuesday, on what would have been his 73rd birthday.

Commercial Real Estate Could Weather Economic Storm

Memphis is among the few cities whose commercial real estate market should remain stable in 2008 amid a sluggish U.S. economy, according to a report released last week by Santa Ana, Calif.-based Grubb & Ellis Co.

Wheel Workz Hopes New Partnership Will Grow Business

A little more than a year ago, Dale Ingram and Tommy Crenshaw, principals of Memphis-based Wheel Workz, sold their first franchise. They predicted more than 10 locations of the tire and wheels shop would be opening following that.

Wharton Takes First Step With Payroll Tax Today

Shelby County Mayor A C Wharton Jr. takes the idea of a county payroll or privilege tax to the Shelby County Board of Commissioners today.

Rice Processor to Build Plant, Warehouse In Memphis

Riviana Foods Inc. will expand its local footprint with the construction of a 400,000-square-foot rice processing and packaging plant and onsite warehouse and distribution center on 31 acres in South Memphis, the company announced last week.

Wharton Calls for Government Consolidation, Payroll Tax

Shelby County Mayor A C Wharton Jr. called for the consolidation of city and county governments as well as a county privilege or payroll tax today in his annual State of the County address Monday.

Ophelia Ford's Lawyer Says She Will Miss Several Weeks of Session

NASHVILLE (AP) - State Sen. Ophelia Ford will miss several weeks of the legislative session with an unspecified illness, her attorney said Monday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 35 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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