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VOL. 124 | NO. 90 | Friday, May 8, 2009

Johnson Backs Legislation To Change Reappraisal Methods

Shelby County Assessor of Property Cheyenne Johnson said Thursday she supports a bill pending in the Tennessee legislature that would let her use foreclosure data in identifying property appraisals.

Home Sales Figures Less Ghastly in April

April is the first full month of spring, but this past April delivered a more important distinction for Shelby County’s sluggish housing market: It was the first month since October that home sales exceeded the 1,200 mark.

SEC Letters Show Early Red Flags in Stanford Case

“Is this possible and secure?”

New Technology Targets Tumors With More Power

The West Clinic is zapping tumors with microwaves, using a new technology that targets inoperable cancers with more power and consistency than radio frequency-based systems, which have been in use since the early 1990s.

Grocery Chain Signs Contract for Overton Square Development

Associated Wholesale Grocers Inc., a Kansas-based grocery wholesaler, has signed a contract to acquire and develop a portion of Overton Square.

Local Weather
Memphis, TN
Wind: Calm mph
Humidity: 63%


The Alliance for Nonprofit Excellence will present a workshop titled “Don’t Dread the Audit” today from 8:30 a.m. to noon at the Alliance office, 5100 Poplar Ave., Suite 502. Stephanie Chittom will lead the workshop. Cost is $65 for members, $125 for nonmembers and $55 for those in the Program for Nonprofit Excellence. For more information, call 684-6605 or visit www.npexcellence.org.

more events »

Memphis’ Kyle Has Budget Woes, Possible Run at Governor on Mind

A few weeks ago, followers of state Sen. Jim Kyle’s Twitter feed took note of a seemingly ordinary post that sparked a round of political speculation.

Tenn. House Postpones Vote on Child Support Bill

NASHVILLE, Tenn. (AP) - Lawmakers debated a bill Thursday that would let a person recoup child support payments if he's proven not to have fathered the child, then sent it back to the judiciary committee.

Bill Would Deregulate Basic Landline Service

NASHVILLE, Tenn. (AP) - A proposal to deregulate the price of basic landline phone service in Tennessee is headed to the governor.

Bill Stopping Confiscation of Guns Passes Tenn. Senate

NASHVILLE, Tenn. (AP) - A person who legally possesses a gun would not have it seized during periods of martial rule under a proposal headed to the governor for his consideration.

State Senate Passes Bill to Expand Tenn. Charter Schools

NASHVILLE, Tenn. (AP) - More Tennessee students would be eligible to attend charter schools under a bill passed by the Senate on Thursday.

Bill to Give Equal Weight to Home School Diplomas in Tenn.

NASHVILLE, Tenn. (AP) - Diplomas issued in home schools in Tennessee would have the same weight as those given by public schools under a proposal headed to the governor for his consideration.

Bank Stress Tests Show Some Banks Need More Funds

WASHINGTON (AP) - Some of the largest U.S. banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday.

Bernanke Calls for Revamped Banking Oversight

WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke on Thursday called for a comprehensive approach to strengthening oversight of the U.S. banking system and said information gleaned from big bank "stress tests" should pave the way for improvements on that front.

Consumer Credit Falls at Fastest Pace in 18 Years

WASHINGTON (AP) - Consumer borrowing plunged in March at the fastest pace in 18 years as Americans put away their credit cards and hoarded cash amid the worst recession in decades.

White House: Obama Wants to Cut $17B from Budget

WASHINGTON (AP) - President Barack Obama asked Congress on Thursday to eliminate or trim 121 federal programs for a savings of $17 billion in the coming budget year. Many of the proposed cuts have already been rejected by Obama's allies in Congress, including some programs that his predecessor, President George W. Bush, repeatedly sought to end.

Productivity Rebounds While Wage Pressures Ease

WASHINGTON (AP) - Productivity rebounded in the first three months of this year while wage pressures eased, both outcomes reflecting America's deep recession.

GE Plans to Invest $6B to Lower Health Care Costs

WASHINGTON (AP) - General Electric Co. said Thursday that it will invest $6 billion over the next six years in an attempt to lower the cost of health care and improve the quality of medical care in underserved regions of the United States and abroad.

FDA Nominee Pledges to Revamp Food Safety

WASHINGTON (AP) - President Barack Obama's pick to oversee food and drug safety pledged on Thursday to revamp protection of the nation's food supply to help prevent future disease outbreaks.

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Blog News, Training & Events
PROPERTY SALES 98 238 15,862
MORTGAGES 122 284 18,332
BUILDING PERMITS 137 452 32,966
BANKRUPTCIES 62 178 10,191

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