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VOL. 123 | NO. 60 | Wednesday, March 26, 2008

Yo! Memphis Files Suit Against City Schools

The foundation operating the Memphis charter school Yo! Memphis Academy is suing the Memphis City Schools system over its 2007 decision to revoke the academy's charter and close it.

Blindness Research Could Apply to Other Areas

When the retina does not get enough of a protein known as Epo, it can lead to degenerative blindness, but scientist Tonia Rex has a strategy to stop that disease in its tracks.

Stallworth Named Board President At Association of Fundraising Professionals

Virginia Stallworth is the new president of the board of directors for the Association of Fundraising Professionals.

Take Back! Mayoral Resignation Saga Marches On

Less than a week after he said he was going to give up the office of mayor in July, Willie Herenton has taken back what originally seemed to be a simple but stunning plan to leave the mayor's office with plenty of notice.

$55M Transaction Lifts Commercial RE

Shelby County's sluggish commercial real estate market got a boost when a portfolio that includes Cordova's Countrywood Crossing shopping center and Dick's Sporting Goods sold to an out-of-town real estate investor for $55.2 million.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: South at 6.9 mph
Humidity: 77%


The Memphis Bar Association will hold a continuing legal education seminar, "Family Law Seminar," today from 8:30 a.m. to 4:15 p.m. in the MBA conference room, 80 Monroe Ave., Suite 200. For more information, call the MBA at 527-3573.

more events »

Project to Bring Art to Madison Ave.

The vacant, six-story office building at 195 Madison

Playhouse Celebration Slated For Thursday

Construction officially begins Thursday on the new home for Playhouse on the Square, the city's only professional theater company.

Ethics Opinion: Ex-Bredesen Aide, PR Group Engaging in Lobbying

NASHVILLE (AP) - Draft Ethics Commission opinions released Monday indicate a former member of Gov. Phil Bredesen's Cabinet and a Nashville public relations firm may have violated the state's lobbying laws.

Office of Federal Housing Enterprise Oversight Says Home Prices Dropped 3 Percent in January

WASHINGTON (AP) - Government data show U.S. home prices fell 3 percent in January from the same month last year.

Fed Auctions Another $50 Billion to Banks, Bringing Total to $260 Billion Since December

WASHINGTON (AP) - Fighting to ease a dangerous credit crisis, the Federal Reserve has provided a total of $260 billion in short-term loans to squeezed banks since December to help them overcome credit problems.

Federal Deposit Insurance Corp. to Add 140 Workers to Bank-Failure Division as Crisis Deepens

WASHINGTON (AP) - Federal bank regulators plan to increase staffing 60 percent in its bank failure division in coming months to handle an anticipated surge in troubled financial institutions.

Resolution Proposes Process for Replacing a Disabled Governor

NASHVILLE (AP) - A proposal that would change the Tennessee Constitution to establish procedures in case the governor is incapacitated is advancing in the Senate.

Several Voting Bills Likely Dead This Session

NASHVILLE (AP) - Four proposals that seek to tighten Tennessee's voting laws likely have failed this legislative session.

Bill Strengthens Penalty for Violating Campaign Spending Law

NASHVILLE (AP) - The state Registry of Election Finance would have more authority to penalize individuals who misuse campaign funds under a proposal advancing in the Legislature.

Legislation Would Fine Internet Ticket Scalpers up to $5,000

NASHVILLE (AP) - Individuals who use software to breach security measures on the Internet and purchase tickets for profit would be fined as much as $5,000 under a proposal advancing in the Legislature.

Bill to Close Access to State Employees' Home Addresses Advances

NASHVILLE (AP) - A proposal to close public access to state and local employees' home addresses and phone numbers is advancing in the state House.

Wine Bills Stall in State Senate Committee

NASHVILLE (AP) - Two bills that would have made it easier to buy wine in Tennessee stalled Tuesday in the Legislature.

Bill Would Allow Sheriffs to Get Fee for Handgun Checks

NASHVILLE (AP) - Tennessee sheriffs' departments would be compensated for doing background checks on handgun permit applicants under a bill advancing in the Senate.

Commissioners Finish Prelim Work on Charter Rewrite

Shelby County Commissioners today completed their preliminary work on a rewrite of the County Charter. And they took back the proposed change setting a three-term limit for those holding the five county-wide offices at the focus of the charter changes: sheriff, register, trustee, assessor and county clerk.

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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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