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VOL. 123 | NO. 236 | Wednesday, December 3, 2008

Economic Forum Gives Insight Into Local, Global Crisis

In a down economy, it’s critical to tout one’s strengths, which is why David Waddell of Waddell & Associates Inc. suggested the following slogan for the Regional Chamber in its attempts to attract new business to the city: “Memphis is Cheap. Move Here.”

UPDATE: Lee To Sue Over Denial Of Legal Fees

Less than 24 hours after the Memphis City Council voted 7-6 against paying the legal bills of former Memphis Light, Gas and Water Division chief Joseph Lee, his attorney said Lee is headed to court.

Lee To Announce Next Step In Legal Fees Flap

Council Approves Payday Lender Regs/Fairgrounds Plan Vote Scheduled

The bill for Lee’s legal defense in a grand jury probe that led to his indictment as well as a hearing before the council came to $426,422. The corruption charges were later dropped by federal prosecutors.

City Tweaks Capitol Hill Presence

A political changing of the guard will bring new courtiers to Nashville’s Legislative Plaza.

Higher-Deductible Health Plans Cut Costs

Self-insuring for health care may sound like a scary concept, but it can save money for small businesses as well as individuals.

Local Weather
Memphis, TN
A Few Clouds
Wind: Northwest at 5.8 mph
Humidity: 67%


The Alliance for Nonprofit Excellence will hold a workshop titled “Mastering the Art of Public Speaking” today from 8:30 a.m. to 4:30 p.m. at the Alliance office, 5100 Poplar Ave., Suite 502. The facilitator will be Bradley Harris. Cost is $89 for Program for Nonprofit Excellence participants, $99 for members and $150 for nonmembers. For reservations, e-mail adeberry@npexcellence.org, call 684-6605 or visit www.npexcellence.org.

more events »

Ride Continues for Whitehaven Complex

One chapter in the continuing saga of the New Horizon Park apartments has been closed, but more twists are likely coming for the embroiled property.

Delta Details Planned Capacity Cuts

ATLANTA (AP)Delta Air Lines Inc. hinted Tuesday that more job cuts could be on the way as it disclosed that it will reduce consolidated system capacity by 6 percent to 8 percent in 2009, compared to the current year.

Ford Tells Congress It May Be Able To Go It Alone

WASHINGTON (AP) Ford Motor Co. is asking Congress for a $9 billion “stand-by line of credit” to stabilize its business, but says it doesn’t expect to tap it.

Dillihunt Joins Southeast Community Capital

Craig Dillihunt has joined nonprofit financial institution Southeast Community Capital as assistant fund manager for the Memphis Business Opportunity Fund, a partnership between the city of Memphis, local banks and SCC.

Fed Extends Key Credit Programs Through April 30

WASHINGTON (AP) – The Federal Reserve has extended the life of key programs aimed at busting through credit clogs and restoring stability to financial markets.

Q3 Mortgage Delinquencies Shoot Higher

NEW YORK (AP) – The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC.

Obama Seeks to Assure Nervous Governors on Economy

PHILADELPHIA (AP) – President-elect Barack Obama pledged quick work Tuesday on an economic recovery plan to include tax cuts and increased federal spending, and told the nation's governors he wants their advice in designing a package to help their hard-hit states.

Mortgage Fraud Incidents up 45 Percent in Q2

MIAMI (AP) – Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed.

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PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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