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VOL. 124 | NO. 57 | Tuesday, March 24, 2009

MED Layoffs Follow Longstanding Money Problems

Officials of The Regional Medical Center at Memphis began laying off employees today at noon.

MED Execs Mull Burn Unit Options

The burn unit at The Regional Medical Center at Memphis should expand services to treat more people as a way to improve finances, not limit admissions to people with the worst injuries, said Dr. Bill Hickerson, the unit’s medical director.

Central Liquor Files for Bankruptcy

The owner of a liquor store who renovated a nearby building on Central Avenue and then learned it was too close to school property to sell alcohol has filed for bankruptcy.

Holy Rosary Moves Ahead With Life Center Plan

A master plan five years in the making will begin to take shape this spring as Holy Rosary Church and School in East Memphis builds a 16,400-square-foot family life center on the northeast corner of its campus at 4851 Park Ave.

Probate Clerk to Run For Commission Seat

Shelby County Probate Court Clerk Chris Thomas won’t be running for re-election next year. Instead, he’ll run for the Shelby County Board of Commissioners.

Local Weather
Memphis, TN
Partly Cloudy
Wind: from the South at 11.5 gusting to 24.2 mph
Humidity: 96%


The Alliance for Nonprofit Excellence will present a workshop titled “Focus … Organization … Productivity” today from 8:30 a.m. to noon at the Alliance Office, 5100 Poplar Ave., Suite 502. Maryanne Macdonald, director of professional and continuing education at the University of Memphis, will lead the workshop. Cost is $65 for members, $125 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Loopholes Evident In Tenn. Bank Execs’ Pay

NASHVILLE (AP) – The Nashville area’s largest banks are continuing in some cases to give bonuses, generous severance payments and pay raises to some executives.

Dental Building Sold In Cordova

850 Willow Tree Circle, Suite 101, Cordova, TN 38018, Sale Amount: $800,000 -
Jason Collier, a dentist at the Southern Dental Implant Center, has bought the Cordova building that houses the practice. Collier paid $800,000 to buy the 7,112-square-foot medical office building from William and Jeanne Locante.

Sen. Alexander's Chief of Staff Tom Ingram Leaving

NASHVILLE, Tenn. (AP) - U.S. Sen. Lamar Alexander's longtime chief of staff says he's leaving the Tennessee Republican's office to pursue private interests.

Bredesen: Tenn. Agencies to Cut 12 Pct in 3 Years

NASHVILLE, Tenn. (AP) - Federal stimulus money will allow Tennessee agencies to phase in 12 percent spending cuts over three years, Gov. Phil Bredesen said Monday.

Higher Education to Get $470M Over Next 3 Years

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen says just because higher education in Tennessee is receiving $470 million in federal stimulus money over the next three years doesn't mean that officials should overlook making changes to the structure of the state's colleges and universities.

States Missing Out on Extra Unemployment Benefits

COLUMBUS, Ohio (AP) - More than a half-million unemployed workers in Ohio and several other states are missing out on extended federal benefits because of the way laws in their states are written.

White House Takes on Banking Crisis

WASHINGTON (AP) - The Obama administration on Monday launched its much-awaited assault on the worst U.S. banking crisis in 70 years, preparing an infusion of billions of federal dollars to thaw the nation's frozen credit markets and ease the economy out of recession.

Administration Moves Against Bad Bank Assets

WASHINGTON (AP) - The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private investors. For once, Wall Street cheered.

Trustee Lawyer Says Madoff Assets Reach $1B Mark

NEW YORK (AP) - A lawyer for the trustee seeking to locate disgraced financier Bernard Madoff's assets for investors says more than $1 billion has been found.

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PROPERTY SALES 78 78 13,921
MORTGAGES 93 93 16,098
BUILDING PERMITS 242 242 28,995
BANKRUPTCIES 59 59 8,985

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