VOL. 123 | NO. 127 | Monday, June 30, 2008
As he left City Hall on the evening of March 20, Memphis Mayor Willie Herenton told The Daily News that he planned to step down as mayor and was considering a variety of other job opportunities. One of those appeared to be the job of Memphis City Schools superintendent, which he held for 12 years before his election as mayor in 1991.
Issues plaguing residential lending such as stricter guidelines and shrinking credit tend to garner most of the headlines, but the commercial sector continues to deal with those same problems.
WASHINGTON (AP) – The millions of economic stimulus payments gave a massive jolt to household finances in May, sending after-tax incomes up by the largest amount in 33 years.
WASHINGTON (AP) – The Federal Reserve was scrambling to prevent a “contagion” from infecting the nation’s financial system when it took unprecedented actions to provide financial backing to a Bear Stearns rescue package and provide emergency loans to big Wall Street firms.
Peggy Adams, like many women surely have done, experimented with a home self-wax job. She was trying to remove unwanted fine hairs on her upper lip; however, when she pulled off the wax, it took off parts of her skin and she was left with horrible scabs.
MEMPHIS (AP) - FedEx founder Frederick W. Smith says he has no interest in becoming the running mate of presumed GOP presidential candidate John McCain.
NASHVILLE (AP) - An appeals court has rejected an order by a federal judge in a TennCare case to create electronic images of Tennessee officials' public and personal computers.
WASHINGTON (AP) - The Federal Reserve is looking into making it easier for private equity firms to invest in banks, a move that could usher new capital infusions to cash-hungry banks and help them cope with credit problems.