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VOL. 123 | NO. 63 | Monday, March 31, 2008

Commissioners, Get Ready

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.

Regions Prepares For Q1 Earnings Report in Light Of Credit Crunch

Birmingham, Ala.-based Regions Financial Corp., one of the largest banks in Memphis, will report its

Memphis Process Server Goes Where Few Women Go

Georgette Brooks has always wanted to do something in the legal field.

Fuel for Fire

Luxury Apartments Under Way in Cordova

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.

Local Weather
Currently
Memphis, TN
54.0°F
Overcast
Wind: South at 11.5 mph
Humidity: 87%

EVENTS

The Shelby County Board of Commissioners will meet today at 1:30 p.m. in the first floor commission chamber of the Shelby County Administration Building, 160 N. Main St. For more information, call Chief Administrator Steve Summerall at 545-4301.

more events »

Godwin Seeks Support in Light of Pitchfork's Success

Even Memphis Police Director Larry Godwin described it as "another roundup."

Consumer Spending Posts Weakest Gain in 17 Months

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.

No Wrongdoing By Clark In Herenton Blackmail, Prosecutor Says

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."

Fed Offers $100 Billion More to Commercial Banks to Fight Credit Crisis

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.

Wharton Budget Proposal Expected to be $23.5M in the Red

Shelby County Mayor AC Wharton Jr. told County Commissioners today that his upcoming budget proposal will have nearly $23.5 million in red ink.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 288 2,335
MORTGAGES 85 341 2,894
FORECLOSURE NOTICES 11 68 477
BUILDING PERMITS 167 765 5,003
BANKRUPTCIES 38 258 1,779
BUSINESS LICENSES 22 150 896
UTILITY CONNECTIONS 33 119 1,012
MARRIAGE LICENSES 19 80 343

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