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VOL. 124 | NO. 100 | Friday, May 22, 2009

Foreclosures Slow After Subprime Spigot Begins to Trickle

In the fight against foreclosure, even the smallest victories should be celebrated, from a family staying in its home to a predatory lender going out of business.

Foreclosure Crisis Hits All Sectors Of Community

Not even the rich and famous are immune to foreclosure, as evidenced by a handful of mortgage defaults by high-profile figures during the past year.

County Schools Deseg Suit Over, Appeals Court Rules

The 46-year-old racial desegregation lawsuit that has governed the Shelby County school system for decades is over, according to a ruling Thursday from the Sixth U.S. Circuit Court of Appeals.

CCC Could Table Cars On Main Street Mall

Center City Commission members meeting today could put to rest, at least for now, one idea for revitalizing the Main Street Mall.

United Housing’s Walker Sees Foreclosure’s Reach in Community

Homebuyer education manager Sharon Walker has worked for United Housing Inc. for more than a decade. But in all that time, it’s the past few months that particularly have shone a bright light on the importance of her work: educating borrowers on how to grab a piece of the American Dream.

Memphis Heritage Mobilizes to Protect Overton Square

Memphis Heritage Inc. has begun a mobilization effort to protect the streetscape and character of Overton Square, where a grocery store development has been proposed.

Airport Authority Unveils Smaller Budget for 2010

The nationwide slowdown in air travel will affect the Memphis-Shelby County Airport Authority’s 2010 fiscal-year budget, which the airport’s Board of Commissioners approved Thursday.

Beale Street Case Transferred To Different Judge

One of three separate Chancery Court cases involving control of the Beale Street Entertainment District has been transferred to the special judge handling the largest and oldest case.

Senate to Vote On Delaying Paper Ballot Rules

NASHVILLE, Tenn. (AP) – The state Senate is expected to vote soon on whether to delay starting a new Tennessee law that requires a paper trail from voting machines.

Tenn. Unemployment Rate Reaches 9.9 Pct in April

NASHVILLE, Tenn. (AP) - The state unemployment rate jumped to 9.9 percent in April, the highest it has been in 25 years, according to a Department of Labor and Workforce Development report.

Bill Preventing Jail Decertification Becomes Law

NASHVILLE, Tenn. (AP) - A proposal that would prevent a jail facility from being decertified is now a law.

Senate Passes Bill to Revise Tenn. Water Laws

NASHVILLE, Tenn. (AP) - The state Senate has approved legislation that would revise Tennessee's water laws.

Tenn. House Delays $50 Smoking Surcharge to Employees

NASHVILLE, Tenn. (AP) - The House has voted to postpone a $50 a month health insurance surcharge for state employees who smoke.

Tenn. House Passes Bill Targeting Underage Drinking

NASHVILLE, Tenn. (AP) - The House has passed a bill aimed at making it a crime for adults to host parties where alcohol is available to underage drinkers.

Green Plains to Buy Two VeraSun Plants for $123.5M

SIOUX FALLS, S.D. (AP) - Green Plains Renewable Energy Inc. said Thursday that it's buying two Nebraska ethanol plants that were acquired by a lender during VeraSun Energy Corp.'s bankruptcy auction.

Sector Snap: Capital Raises Batter Bank Stocks

NEW YORK (AP) - Regional bank stocks tumbled Thursday, led by a steep decline in Regions Financial Corp. shares, as several more banks announced plans to raise capital through stock offerings.

AP Sources: US Mulls Fresh Aid to GMAC

WASHINGTON (AP) - The government is close to providing auto lender GMAC with billions of dollars in fresh aid, according to people with familiar with the matter.

US House Members Seek $136.3 Billion in Road Projects

WASHINGTON (AP) - Abiding by a new policy of openness in seeking projects for their home districts, House members have requested $136.3 billion in earmarks in a highway and transit funding bill the House will take up this summer.

UAW Says It Has Tentative Deal with GM, Government

DETROIT (AP) - The United Auto Workers union has agreed on a tentative deal with the government and General Motors Corp. that would cut labor costs and change the way a union-run trust for retiree health care is funded.

Justice Department Moves to Dismiss Clinton Suit

WASHINGTON (AP) - The Justice Department is asking a judge to dismiss a lawsuit that argues that Hillary Rodham Clinton cannot legally serve as secretary of state.

Chrysler Exec Says Sales OK Despite Bankruptcy

DETROIT (AP) - Chrysler LLC's Chapter 11 filing so far doesn't appear to be affecting May sales, a top executive said Wednesday.

Hard Times Shift Economy From Global to Local

CHICAGO (AP) - Eat local, shop local, think local – it could be the slogan of a retro new economy.

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PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926

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