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VOL. 124 | NO. 50 | Friday, March 13, 2009

Despite Distance, Memphis, Halifax Become Close Allies

Memphis is separated from Halifax, Nova Scotia, by thousands of miles and an international border, but the distant cities are now closely aligned in a shared mission.

Some Reappraisals Become Clearer

All of the municipalities outside of Memphis that will be mailed residential reappraisal notices today saw overall increases in their appraised values, according to preliminary results from the 2009 countywide reappraisal of property.

The MED Receives Omnibus Funds

The Regional Medical Center at Memphis will receive appropriations totaling $714,000 for improvements to its trauma and newborn intensive care units.

Group Pushes for Health Care Reform

The Tennessee Health Care Campaign wants to hear from Memphians as it plans to push for industry reforms this year in Congress.

Tenet Settles Calif. Lawsuit for $85M

SANTA ANA, Calif. (AP)Tenet Healthcare Corp. has agreed to pay $85 million to settle claims that nurses and other staff in California were denied extra overtime pay for working 12-hour shifts.

Local Weather
Currently
Memphis, TN
54.0°F
Overcast
Wind: Southwest at 11.5 mph
Humidity: 40%

EVENTS

Rhodes College will hold its 22nd annual Institute on the Profession of Law today from 8 a.m. to 12:30 p.m. in the Bryan Campus Life Center Ballroom. The topic is “The Lost Lawyer: Failing Ideals of the Legal Profession.” Anthony Kronman, the Sterling Professor of Law at Yale Law School, is the keynote speaker. Cost is $300 per person and includes breakfast at 7:30 a.m. To register, call the Meeman Center 843-3965 or visit meeman.rhodes.edu.

more events »

Johnson Has No Small Task as County Assessor

When she speaks, Shelby County Assessor of Property Cheyenne Johnson’s voice is usually low-key and unassuming. It’s a quality that belies her message, which, starting today, will begin to resonate with jittery homeowners and be heard loud and clear across the county.

General Electric Loses Top Credit Rating

WASHINGTON (AP) - General Electric Co. lost its prized top credit rating from Standard & Poor's over fears of rising loan losses and lower earnings at its lending arm.

House Panel Gets FASB Pledge on Accounting Rule

WASHINGTON (AP) - A House panel wrung a pledge Thursday from the head of an accounting board to try to issue guidelines in three weeks that will ease rules that force banks to value assets at current prices.

Fed Reports Record Fall in Household Net Worth

WASHINGTON (AP) - The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.

Tenn. House Votes to Ax Fingerprint Rule for Guns

NASHVILLE, Tenn. (AP) - The state House has voted to no longer require Tennessee firearms dealers to take the thumbprint of anyone buying a gun.

Lawmakers OK $25 Boost in Unemployment Benefits

NASHVILLE, Tenn. (AP) - State Finance Commissioner Dave Goetz says unemployed Tennesseans will soon be eligible for $25 more in weekly benefits after two legislative panels approved the expansion.

Tenn. Posts Nation's Biggest Gain in HS Graduation

ALBANY, N.Y. (AP) - The national high school graduation rate remained flat at about 75 percent between 2002 and 2006, while a dozen states made substantial gains, according to a new report by researchers at Johns Hopkins University.

A 'Sorry and Ashamed' Bernard Madoff Pleads Guilty

NEW YORK (AP) - A sentencing date of June 16 has been set for disgraced financier Bernard Madoff.

US Jobless Claims Rise as Retail Sales Slip

WASHINGTON (AP) - With layoffs spreading, the number of initial claims for jobless benefits rose last week, while the total number of Americans continuing to receive benefits set a record high, the government said Thursday.

Friday the Thirteenth Fun Facts

Although Friday the Thirteenth is rife with theories and myths, one of them involves the monastic military order of the Knights Templar.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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The Memphis News: Business, politics, and the public interest.