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VOL. 124 | NO. 117 | Wednesday, June 17, 2009

UPDATE: McGee To Retire As City CAO

Keith McGee, the city’s chief administrative officer, plans to retire effective July 4.

UPDATE: Council Goes Long to Approve $600 Million Budget

Three Percent Pay Raises Survive

The Memphis City Council late Tuesday approved a city operating budget of just over $600 milliion after cutting nearly $17 million from the budget proposed in April by Mayor Willie Herenton.

CCC Meeting Mirrors Economic Realities

The agenda for today’s Center City Development Corp. meeting offers a ground-level snapshot of how the economy is shaping business plans and real estate efforts in the heart of Memphis.

Mosquito Season Calls for Disease Prevention Efforts

As the number of foreclosed and abandoned properties increases with the stagnating economy, so do the breeding grounds for mosquitoes.

EM Printing Moves HQ to Bartlett

Ken Quick launched EM Printing from his parents’ garage in 1981. Back then, it was a two-person operation called East Memphis Printing, with Quick and his mother managing all of the nascent company’s printing jobs.

MSARC Now Firmly in County’s Palm

Shelby County Commissioners talked over the finances of moving the Memphis Sexual Assault Resource Center into county government this week. But the 13-member body was anxious to avoid discussions about anything else surrounding the politically volatile agency.

The Daily News, The Memphis News Win Regional Journalism Awards

The Daily News and The Memphis News were among the winners in the 59th annual Green Eyeshade Awards, placing in seven categories including a first place award for law and courts reporting.

UT’s Hathaway Named To Ruth Neil Murry Endowed Chair

Dr. Donna Hathaway has been named to the Ruth Neil Murry Endowed Chair in Nursing at the University of Tennessee College of Nursing.

House Budget Proposal Sent to Full Floor Vote

NASHVILLE (AP) – Tennessee’s Republican House speaker is describing a state spending plan headed for a full floor vote as a “compassionate budget” because it doesn’t include some of the deeper cuts proposed in the Senate Republican version.

Budget Not Only Issue Left for Tenn. Lawmakers

NASHVILLE (AP) – A number of contentious issues other than the budget remain for lawmakers to consider in the waning days of the legislative session.

Tenn. Senate Passes Gun Proposal for Off-Duty Officers

NASHVILLE, Tenn. (AP) - The Senate has passed a proposal that would allow off-duty law enforcement officers to carry their weapons in Tennessee establishments that serve alcohol.

Bill Supporting Gore Statue Fails in Tenn.

NASHVILLE, Tenn. (AP) - Senate Republicans on Tuesday rejected a resolution urging the erection of statues to honor the state's two Nobel Peace Prize winners, Al Gore and Cordell Hull, on Tennessee Capitol grounds.

Pre-K Advocates Oppose Republican Plan

NASHVILLE, Tenn. (AP) - Senate Republicans crashed a news conference pre-kindergarten advocates held asking lawmakers to reject a budget amendment that will change how the state education program receives its funding.

Senate Speaker Says Reprimand Appropriate for Aide

NASHVILLE, Tenn. (AP) - Senate Speaker Ron Ramsey says a "strong letter of reprimand" was the proper action to take against an employee of a Republican lawmaker who used a state computer to send a racist e-mail about President Barack Obama.

Tenn. Attorney Sued for Working on Suspended License

NASHVILLE, Tenn. (AP) - The state attorney general says a Tennessee attorney with a suspended license has been misleading clients and continuing to represent them.

Nucor Predicts Narrower-Than-Expected Q2 Loss

CHARLOTTE, N.C. (AP) - Nucor Corp., the largest U.S. steel maker by production, on Tuesday issued guidance for a narrower-than-expected loss for the second quarter, saying orders had improved in recent weeks.

AP Sources: Senate Health Overhaul Costs Top $1.6T

WASHINGTON (AP) - Senate sources say the latest cost estimates for health care legislation are around $1.6 trillion over 10 years.

Witnesses to Testify in Trial of Former AIG CEO

NEW YORK (AP) - Witnesses begin testifying Tuesday in the civil trial of American International Group Inc.'s former top executive, accused of plundering an AIG retirement program of billions of dollars.

May Housing Construction Jumps by 17.2 Percent

WASHINGTON (AP) - Construction of new homes jumped in May by the largest amount in three months, an encouraging sign that the nation's deep housing recession was beginning to bottom out.

Lawmakers Fear Turning Fed Into Regulatory Monster

WASHINGTON (AP) - Many lawmakers fear President Barack Obama's plan to prevent another financial meltdown might end up turning the Federal Reserve into an all-powerful monster – a friction that could slow down a major overhaul of banking and market regulations.

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PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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