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VOL. 123 | NO. 199 | Friday, October 10, 2008

Job Readiness Program Bucks Economy

More than 750 participants in the BRIDGES Inc. Work Bridge program have gained jobs over the last year despite an ailing economy, said Renee McCreight, the organization’s vice president for work force development.

Presidential Debate a Who’s Who of Tennessee Pols

Its setting was the geographic center of Tennessee’s political universe.

Administration Ponders Bank Ownership Stakes

WASHINGTON (AP) – The Bush administration is considering taking part ownership in certain U.S. banks as an option for dealing with a severe global credit crisis.

Jobless Claims Drop From Seven-Year High

WASHINGTON (AP) – New applications for unemployment benefits dropped last week from a seven-year high, the Labor Department reported Thursday, though they remain at elevated levels that indicate recession.

Norris Appointed to Join Effort to Examine Financial Health of State’s Transportation System

In the eight years Mark Norris has been in the state senate, the Collierville Republican has made transportation issues a priority.

Local Weather
Currently
Memphis, TN
72.0°F
Mostly Cloudy
Wind: from the South at 17.3 gusting to 27.6 mph
Humidity: 57%

EVENTS

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will host a program titled “Impact of International Information Sharing” today from 11:30 a.m. to 1 p.m. at the First Tennessee building, 165 Madison Ave. on the M level. The program will feature William F. Baity, deputy director of the Financial Crimes Enforcement Network. The program and lunch are free. For more information, contact Esther Stone at 577-8125 or estone@bakerdonelson.com.

more events »

Tenn. Budget Shortfall Grows Amid Economic Woes

NASHVILLE, Tenn. (AP) - A growing budget shortfall for state government reflects a deteriorating economy where Tennesseans are buying less and businesses are struggling to make money.

Interbank Rates Still High After Rate Cut

NEW YORK (AP) - The Federal Reserve's interest rate cut failed to pull down bank-to-bank lending rates Thursday, and the amount of commercial paper in the market fell for the fourth straight week.

Oil Prices Fall Below $87 on Recession Fears

NEW YORK (AP) - Oil prices dipped below $87 a barrel Thursday with the downward momentum slowed somewhat by continuing chatter from OPEC nations about an emergency meeting to address the market slide.

Talks to Resume in Boeing Machinists' Strike

SEATTLE (AP) - The Boeing Co. and its striking machinists union have agreed to return to the bargaining table, both sides said Wednesday night.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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