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VOL. 123 | NO. 88 | Monday, May 5, 2008

Slow Economy Could Equal More Biz in Tunica

With an economic slump, painful increases at the gasoline pump and a housing slowdown all combining to make the average wallet lighter these days, the concept of disposable income might seem like a curious relic.

Despite Decline, 100 Percent Financing Can Be Found

While most banks and mortgage companies have pretty much eliminated 100 percent financing for home loans, the product still exists. It just doesn't flourish like it once did.

Summer Camp Teaches Healthy Activities, Habits

Physical-education teacher Nikiel Winston has always had a passion for working with children to keep them active and healthy.

On My Own

Wharton Not Surrendering to Tax Hike Just Yet

Shelby County Mayor A C Wharton Jr. still is in search of a budget proposal that can win a consensus on the Shelby County Board of Commissioners. The consensus seems to be a budget that does not require a county property tax hike.

Local Weather
Currently
Memphis, TN
50.0°F
Fair
Wind: from the Northwest at 13.8 gusting to 19.6 mph
Humidity: 39%

EVENTS

The Engineers' Club of Memphis will meet today at noon at the Holiday Inn-University of Memphis, 3700 Central Ave. This week's speaker is the U of M's Dick Ranta, who will present "College of Communication and Fine Arts Adds a Graduate Program in Architecture." The cost is $12 and no reservations are required. For more information, e-mail maryc@mscaa.com.

more events »

MCS Goes on Defensive in ACLU Claim

Memphis City Schools officials have defended the actions of a high school principal who kept a list of student couples on campus and called the mothers of two male students who were unaware their sons were a couple.

Employers Cut Fewer Jobs In April, Jobless Rate Falls

WASHINGTON (AP) - Employers cut far fewer jobs in April than in recent months and the unemployment rate dropped to 5 percent, a better-than-expected showing that nonetheless reveals strains in the nation's labor market.

Homeowners Pulling Less Equity Out of Their Houses

WASHINGTON (AP) - Falling home prices and tighter lending standards are preventing more homeowners from pulling money out of their homes, Freddie Mac said Friday.

Bredesen Signs Bill to Seal Government Workers' Contact Info

NASHVILLE (AP) - Gov. Phil Bredesen has signed into law a measure to close public access to state and local government employees' home addresses and telephone numbers.

John Ford Hearing Postponed

NASHVILLE (AP) - It looks like federal marshals ran into some travel problems in fetching former state Sen. John Ford from a prison in Louisiana for a court hearing in Nashville.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 2 8,305 8,305
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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The Memphis News: Business, politics, and the public interest.