VOL. 123 | NO. 74 | Tuesday, April 15, 2008
It was against the backdrop of a flat housing market, a spike in borrowers trapped in never-ending cycles of debt and foreclosure snatching away more homes than ever that Memphis Area Legal Services dug in for a fight. It was a fight the group won.
A real estate investment group from Texas hopes to breathe new life into a Raleigh shopping center by renovating its exterior and recruiting tenants. In the process, it also hopes to rejuvenate the entire neighborhood.
3977 Airways Blvd., Memphis, TN 38116, Permit Amount: $2 million -
The Memphis-Shelby County Airport Authority has received approval to build a structure that will house its new emergency generator, providing backup power to the airport terminal in case of an electrical outage, said airport development director Robert Beesley.
Whether Memphis strip clubs continue to serve beer at the end of this month depends on a ruling to come in the next two weeks by U.S. District Court Judge Bernice Donald.
On the day federal tax returns are due, Memphis Mayor Willie Herenton takes his budget proposal to the City Council.
During their inaugural event later this month, organizers of the Memphis Black Business Expo and Showcase hope to provide a venue for local minorities to spotlight their entrepreneurial endeavors as well as allowing them to network with other business owners with similar concerns.
NASHVILLE (AP) - Exemptions to sales and use taxes are projected to cost the state almost $2.7 billion next year.
NASHVILLE (AP) - Tennessee spent $1.13 million on lawmakers' expenses in the first quarter of 2008.
NASHVILLE (AP) - High school students who participate in voluntary extracurricular activities could be randomly drug tested under legislation advancing in the Senate.
NASHVILLE (AP) - Legislation that seeks to prohibit gang activity at high schools in Tennessee is advancing in the Senate.
WASHINGTON (AP) - Consumers, beset by a credit crunch, rising energy and food costs and a prolonged housing slump, boosted spending only slightly in March with the gain reflecting soaring gasoline costs rather than any real strength in demand.
WASHINGTON (AP) - A growing majority say they won't buy a home anytime soon, the latest sign of increasing pessimism about the nation's housing crisis, a poll showed Monday.
CHARLOTTE, N.C. (AP) - Wachovia Corp. is getting a lesson in "timing is everything."
WASHINGTON (AP) - Finance officials from the world's top economic powers endorsed a plan Friday aimed at preventing another financial crisis like the credit and mortgage debacles that erupted in the United States and quickly sent tremors around the globe.
WASHINGTON (AP) - The AFL-CIO on Monday said "outrageous" pay packages for banking industry executives were partly to blame for the credit crisis, encouraging risky investment strategies that ended up hurting shareholders and consumers.
WASHINGTON (AP) - A deep recession could force mortgage-finance titans Fannie Mae and Freddie Mac to require a federal bailout large enough to hurt the U.S. government's top-grade credit rating, Standard & Poor's warned Monday.