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VOL. 124 | NO. 5 | Thursday, January 8, 2009

Herenton Eschews Tax Hike, Says Consolidation Likely After He Leaves Office

Memphis Mayor Willie Herenton said he will not propose a property tax hike for the fiscal year that begins July 1.

Humane Society Undergoes Leadership Changes

The Humane Society of Memphis & Shelby County is looking for a new executive director with the skills to manage a bigger operation in a new facility, said Matthew Ian John, the president of the nonprofit agency’s board of directors.

Kyle Laments State Budget Shortfall

Jim Kyle, a Memphis Democrat who serves as minority leader in the state Senate, said he believes the state’s financial picture is as dire as it’s ever been.

City, State Nursing Home Ratings Low

In its first effort to rate the nation’s nursing homes using a ranking system, the Centers for Medicare and Medicaid Services has rated Tennessee third worst in the nation for geriatric care, behind only Georgia and Louisiana.

Calipari Tapped to Rally Real Estate Community

For many local sports fans, the lasting image of 2008 was the University of Memphis men’s basketball team suffering a heartbreaking loss to Kansas in the national championship game.

Local Weather
Currently
Memphis, TN
38.0°F
Fair
Wind: Calm mph
Humidity: 73%

EVENTS

The Tennessee Department of Revenue will hold its free bimonthly new business workshop today from 9 a.m. to noon at the Renaissance Business Center, 555 Beale St. The workshop is free and is designed to assist people encountering business-related taxes for the first time. To register, visit www.tennessee.gov/revenue/bustaxworkshops/.

more events »

Wal-Mart Names New Head Of International Division

LITTLE ROCK, Ark. (AP) Wal-Mart Stores Inc., the world’s largest retailer, on Wednesday named the president and CEO of its Sam’s Club warehouse division to fill the same roles at its expanding international unit.

Projected Deficits Put Obama Stimulus in New Light

WASHINGTON (AP) – President-elect Barack Obama said Wednesday he’ll have to juggle the competing interests of economic stimulus and deficit control, but that restoring general business health must come first.

Morrell Honored for Work In Malpractice, Personal Injury Law

Gary K. Morrell, an associate at The Boswell Law Firm, has been honored in the 2009 edition of The Best Lawyers in America in the areas of medical malpractice and personal injury litigation. Morrell has been included in the directory since 1994. He also was included in the 2006 and 2008 editions of Mid-South Super Lawyers. In addition, Morrell has been rated in the highest category of peer review ratings by Martindale-Hubbell Legal Directory each year since 1991.

CBO Projects $1.2 Trillion Deficit for 2009

WASHINGTON (AP) - The federal budget deficit will nearly triple to an unprecedented $1.2 trillion for the 2009 budget year, according to grim new Congressional Budget Office figures.

Time Warner Expects $25B Charge, Loss for Year

NEW YORK (AP) - Media company Time Warner Inc. said Wednesday that it expects a fourth-quarter charge of $25 billion to write down the value of its cable, publishing and AOL assets, leading to a loss for the year.

Mississippi Has Highest Teen Birth Rate, CDC Says

ATLANTA (AP) - Mississippi now has the nation's highest teen birth rate, displacing Texas and New Mexico for that lamentable title, a new federal report says.

Fisk: Remove NM O'Keeffe Museum from Art Dispute

NASHVILLE, Tenn. (AP) - Fisk University asked a panel of the Tennessee Court of Appeals on Wednesday to declare that a New Mexico museum representing the estate of late artist Georgia O'Keeffe has no right to a 101-piece collection she donated to the school in 1949.

After Sales, Will Shoppers Pay Full Price Again?

NEW YORK (AP) - Shoppers are getting used to those 75 percent off sale signs, and that's bad news for merchants who worry they will also have to quickly slash prices on spring goods to attract customers.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 331 19,904
MORTGAGES 80 391 23,305
FORECLOSURE NOTICES 0 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 35 231 13,335
BUSINESS LICENSES 28 76 6,213
UTILITY CONNECTIONS 0 125 13,120
MARRIAGE LICENSES 21 94 4,936

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