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VOL. 124 | NO. 71 | Monday, April 13, 2009

Ford Won't Run For Governor In 2010

Former Memphis Congressman Harold Ford Jr. announced today he will not be a candidate in the 2010 Democratic primary for governor.

No Commission Vote On City's Pyramid Health Dept. Offer

Members of the Shelby County Board of Commissioners considered and, at least for now, rejected a vote on a proposal by the Herenton administration to buy the county’s share of The Pyramid and partially fund the local health department in the fiscal year that begins July 1.

Home Sales Freefall Continues in Q1

Shelby County home sales continued their downward spiral during the first quarter of 2009, proof that consumer confidence has yet to be restored and that credit issues have yet to be resolved.

Commission To Consider Fite Road Bridge

Members of the Shelby County Board of Commissioners today will consider $68,000 in funding for environmental and design work on a bridge that would span Fite Road in northern Shelby County from U.S. 51 to Woodstock Boulevard.

Community Bankers Express Frustration With TARP

James Lambright, the chief investment officer of the federal government’s Troubled Asset Relief Program, received a call earlier this year from Gary Crittenden, the former chief financial officer for Citigroup Inc.

Local Weather
Memphis, TN
Wind: South at 10.4 mph
Humidity: 94%


The Shelby County Ethics Commission will meet today at 9 a.m. in conference room 660 of the Shelby County Administration Building, 160 N. Main St. The Shelby County Board of Commissioners will meet at 1:30 p.m. in the first floor chambers. For more information, call Steve Summerall at 545-4301.

more events »

At Last, Economy Leveling Off – But Bumps Not Over

WASHINGTON (AP) – At last, after a nerve-racking six-month descent, the economy appears to be leveling off.

Meltdown 101: How Banks Make, Lose Money

WASHINGTON (AP) – It’s easy to think of banks as imposing granite fortresses buttressed by columns and adorned with marble, places whose very structures exude strength and safety.

Business Helps Women Tackle Eating Disorders

The Transformation Center for Women looks more like a home than a clinic.

Half of Housing Grants Used to Buy Foreclosures

Just over half of a new $4 billion federal housing program approved late last year will go to purchase and fix up foreclosed homes nationwide, a study released this week showed.

Federal Budget Deficit Sets March Record $192.3B

WASHINGTON (AP) - The Treasury Department said Friday that the budget deficit soared to $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount.

CB Richard Ellis CEO Compensation Fell 45 Percent

DES MOINES, Iowa (AP) - The chief executive for commercial real estate services company CB Richard Ellis Group Inc. saw his total compensation for 2008 fall 45 percent as he declined a performance-based bonus.

Boeing to Cut Production of Some Jets in 2010

PITTSBURGH (AP) - Boeing Co. plans to scale back production of some of its jetliners next year as the global economic crisis further saps demand for commercial aircraft, a move expected to result in fresh job cuts.

Gannett Shares Up 39 Percent on Investment

Shares of USA Today publisher Gannett Co. Inc. surged 39 percent Thursday after a regulatory filing showed fund manager Ariel Investments LLC more than doubled its stake in the newspaper company in the last quarter.

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PROPERTY SALES 94 494 11,526
MORTGAGES 99 552 13,427
BUILDING PERMITS 135 926 24,165
BANKRUPTCIES 63 276 7,473

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