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VOL. 123 | NO. 216 | Tuesday, November 4, 2008

Election Fever

Early voting numbers indicate strong showing at polls

Topped by the presidential race between Democrat Barack Obama and Republican John McCain, today’s ballot features a special City Council election as well as eight city of Memphis charter amendments and two Shelby County charter amendments.

Realtors Get Creative In Slow Market

When real estate agent Larry Ohrberg landed a 10-acre ranch in Olive Branch as one of his listings, he knew the property needed a fresh approach for the open house, not the run-of-the-mill fare reserved for traditional homes.

Tennessee Voters Must Be in Line By Closing Time

Polls in Tennessee opened Tuesday to bright, sunny skies and long lines of voters waiting to cast ballots in what election officials expect to be a record turnout.

Obama and McCain Vote, Prepare Their Final Pitch

Republican John McCain and Democrat Barack Obama joined voters eager to cast ballots on Tuesday before making one last pitch for supporters to turn out for their historic presidential contest.

Democrats Head for Bigger House Majority

WASHINGTON (AP) – Democrats reached for a blowout at the polls Tuesday in heavy early congressional balloting that could add more than 20 seats to their House majority.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: South at 5.8 mph
Humidity: 85%


The Center City Commission Diversity Outreach Committee will meet today at 5 p.m. at the CCC, 114 N. Main St. The committee will consider new proposals for an internship program and a mentorship program. For more information, call 575-0581.

more events »

Both Parties Expect Democratic Senate Pickups

WASHINGTON (AP) - Democrats counted on solidifying their thin leadership grip on the Senate as voters flocked to the polls Tuesday to fill 35 Senate seats. Embattled Republicans braced for losses but hoped they would be modest ones.

Turnout Records Fall Even in GOP-Friendly States

MONTGOMERY, Ala. (AP) - Even in reliably red states where Barack Obama has little chance of winning Tuesday, unprecedented numbers of registrations and early votes have been tallied, and elections officials are predicting a record turnout in places where neither candidate even bothered to campaign.

Ohio Voters Finally Picking President, Lawmakers

COLUMBUS, Ohio (AP) - Ohioans lined up early Tuesday to cast ballots in a historic election that ended hard-fought campaigns set to change the White House, the U.S. Capitol and the Ohio Statehouse.

Ex-Campaign Chief, Memphian Watches Election

Memphians who go to the polls today will help shape a new direction for the country with the votes they cast for president. And in one of the more unlikely stories of the 2008 campaign, the recent efforts of a former Memphian contributed to the choice of contenders.

Circuit City to Close Two Memphis-Area Stores

Circuit City Stores Inc. will close two of its four locations in the Memphis area as part of a nationwide downsizing effort, the company announced Monday.

Delta-Northwest Merger Boon for Memphis

MEMPHIS, Tenn. (AP) – Memphis airport and business leaders have hailed the completion of a $2.8 billion Delta-Northwest merger and say it should help the city’s economic development efforts.

Appeals Court to Hear Mississippi Water Lawsuit

JACKSON, Miss. (AP) – A federal appeals court will hear arguments in a lawsuit that accuses the city of Memphis, Tenn., of stealing millions of gallons of Mississippi water.

62-Bed Alzheimer’s Facility Coming to Germantown

3179 Professional Plaza
Germantown, TN 38138
Permit Amount: $5.6 Million
An Alzheimer’s facility called the Gardens of Germantown soon will rise at 3179 Professional Plaza, which runs between Poplar Avenue and Poplar Pike near the Germantown/Collierville border.

Fed's Latest Survey Finds Tighter Loan Standards

WASHINGTON (AP) – Banks tightened up further on all sorts of lending, from home mortgages to credit cards and business loans, as the worst financial crisis in seven decades took a bigger toll on the economy.

Treasurys Edge Up After Manufacturing Contraction

NEW YORK (AP) - Treasury prices rose modestly in quiet trading Monday after a bleaker-than-expected reading on the manufacturing sector, but investors avoided making large bets ahead of Tuesday's presidential election. Meanwhile, key interbank lending rates extended their declines, a sign of further easing in the credit markets.

Meltdown Highlights Shortcomings of 401(k) Plans

The market turmoil of recent weeks has been brutal to 401(k)s. But beyond highlighting the woeful inadequacy of many Americans' retirement savings, the meltdown puts a spotlight on some longstanding pitfalls of 401(k)s themselves – and makes it even more urgent that investors guard against them.

FDIC Plan Tests Limits of Leniency

ANTIOCH, Calif. – When the Federal Deposit Insurance Corp. seized control of IndyMac Bancorp – the nation's 10th-largest mortgage lender by loan volume – the agency vowed to ease terms for many of its troubled borrowers. In doing so, the FDIC wanted to show the mortgage industry how it could slash home foreclosures by making decisions both sensible and humane.

GM Oct. Sales Fall Nearly Half; Ford Drops 30 Pct

DETROIT (AP) – General Motors' October U.S. sales plunged 45 percent and Ford's dropped 30 percent, as low consumer confidence and tight credit combined to scare customers away from showrooms.

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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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