VOL. 123 | NO. 63 | Monday, March 31, 2008
Wharton to pitch budget at today's meeting
After months of speculation, projections and number-crunching, the local government budget season begins today. And a somber one it promises to be. Painful could be added too, but not surprising.
Birmingham, Ala.-based Regions Financial Corp., one of the largest banks in Memphis, will report its
Georgette Brooks has always wanted to do something in the legal field.
A new multifamily product in Cordova is under way on the west side of Houston Levee Road near Pisgah Road. Stockbridge, Ga.-based Davis Development Inc. has filed a $16.2 million construction loan for Carrington Park, a 226-unit luxury apartment complex, according to The Daily News Online, www.memphisdailynews.com.
Even Memphis Police Director Larry Godwin described it as "another roundup."
WASHINGTON (AP) - Consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing.
The attorney for a developer accused by Memphis Mayor Willie Herenton of being part of a blackmail effort against the mayor has been told by the special prosecutor investigating the case that the developer did not do "anything illegal."
WASHINGTON (AP) - The Federal Reserve announced Friday it will auction another $100 billion in April to cash-strapped banks as it continues to combat the effects of a credit crisis.
Shelby County Mayor AC Wharton Jr. told County Commissioners today that his upcoming budget proposal will have nearly $23.5 million in red ink.