VOL. 123 | NO. 125 | Thursday, June 26, 2008
In a free-ranging discussion that lasted about an hour, Herenton – who at one point held up a recent copy of The Commercial Appeal to blast its coverage of him – sounded off on one of several recent federal corruption cases. Referring to the decision by federal prosecutors earlier this week to drop charges against former Memphis Light, Gas and Water Division president and CEO Joseph Lee and former Memphis City Council member Edmund Ford Sr., Herenton said the feds wanted to get that case out of the way so they could focus on the mayor.
A local stalemate over school funding was the reason Memphis City Schools filed a lawsuit against the city of Memphis last week. At some point, education officials in the state capital could weigh in.
Mothers of the NILE has a mission to “reduce the number of children who come into contact with the juvenile justice system.”
Membership in the Memphis Area Association of Realtors (MAAR) declined 8 percent in June compared with the same month a year ago, a sign the housing slump finally is taking a toll on the area’s industry professionals.
NASHVILLE (AP) – State officials have barred reporters and the public from town hall meetings with state employees about Tennessee’s voluntary buyout plan.
WASHINGTON (AP) – Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, underscoring the depth of the nation’s housing woes.
Russell “Rusty” Reviere is moving Downtown. Well, sort of.
MEMPHIS (AP) - FedEx Trade Networks Inc., a subsidiary of FedEx Corp., has opened two new West Coast gateways to support its distribution service.
LOS ANGELES (AP) - Countrywide Financial Corp. says stockholders controlling a majority of the mortgage lender's outstanding shares have approved the company's takeover by Bank of America Corp.
WASHINGTON (AP) - With inflation moving higher on its worry list, the Federal Reserve held interest rates steady Wednesday, ending nearly a year of cuts to bolster the economy, and hinted that the next direction for rates could be up.