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VOL. 123 | NO. 243 | Friday, December 12, 2008

Payday Loan Issue Could Move Forward Tuesday

A proposed law that would put new restrictions on where payday lenders, check-cashing businesses and title loan establishments can operate in Shelby County still has a few more political hurdles to clear.

Computer Software Maps Muscles in Action

The simple idea of designing a better bicycle has evolved into a complex software program that gauges the biomechanics of the human body.

Freight Haulers Slam on the Brakes

In a normal year, Gordon Trucking Inc. might replace 20 percent of its fleet of 1,500 big rigs with new trucks. But given the bleak outlook for the freight business, the Pacific, Wash., hauler doesn’t intend to buy a single new truck next year.

Jobless Claims Surge Unexpectedly

WASHINGTON (AP) – New claims for jobless benefits rose more than expected last week, exceeding even gloomy expectations for an economy stuck in a recession that seems to be deepening.

New Development Illustrates Shift In Public Housing Philosophy

The green grass that came with spring and summer is gone now that winter is about to arrive, but this change has nothing to do with the seasons.

Local Weather
Memphis, TN
Partly Cloudy
Wind: South at 10.4 mph
Humidity: 72%


Amodeo Chiropractic Clinic will hold a vendor fair Saturday from 10 a.m. to 3 p.m. at 161 U.S. 72 East in Collierville. Refreshments will be served and door prizes awarded. For more information, call 853-8270.

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Davis, Gibbons Wait to Decide on Governor's Race

NASHVILLE, Tenn. (AP) - U.S. Rep. Lincoln Davis says he will decide early next year whether he will run for the Democratic nomination for governor in Tennessee in 2010.

UAW: Corker Risking 110,000 Jobs in Tennessee

CHATTANOOGA, Tenn. (AP) - A UAW local president at the General Motors plant in Spring Hill said Republican U.S. Sen. Bob Corker is "playing politics with 110,000 jobs" in his home state by opposing the auto industry rescue package.

Trade Deficit Rises Unexpectedly in October

WASHINGTON (AP) - America's trade deficit rose unexpectedly in October as a spreading global recession dampened sales of U.S. products overseas and the volume of oil imports surged by a record amount. The deficit with China jumped to an all-time high.

Fed: Household Debt, Net Worth Post Declines

WASHINGTON (AP) - U.S. households, hit by declining home values and stock market losses, have cut back on their debt levels for the first time on record as loans remain scarce amid what appears to be a deepening recession.

Berkshire Buys 3.26 Million More BNSF Shares

OMAHA, Neb. (AP) - Billionaire investor Warren Buffett's company bought another 3.26 million shares of Burlington Northern Santa Fe Corp. stock, increasing its stake to 67.9 million shares.

Foreclosure Activity Drops to June Levels

WASHINGTON (AP) - The number of American homeowners dragged into the housing crisis fell last month to the lowest level since June as new state laws lengthened the foreclosure process, RealtyTrac reported Thursday.

Hill Opposition Jeopardizes Auto Industry Rescue

WASHINGTON (AP) - Prospects for a $14 billion auto industry rescue bill dimmed Thursday amid growing opposition in both parties and despite urgent appeals by both President-elect Barack Obama and President George W. Bush.

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PROPERTY SALES 77 435 9,569
MORTGAGES 104 511 11,314
BUILDING PERMITS 196 1,045 20,310
BANKRUPTCIES 44 275 6,437

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