VOL. 122 | NO. 165 | Friday, August 31, 2007
The nation's residential housing market may be sinking, but commercial real estate in Memphis has remained afloat.
Shelby County government hasn't printed the forms that are a basic part of its new ethics ordinance. Memphis City Council members are still debating what could be the final piece of the city's ethics array.
The work day at Chef Jose Gutierrez's year-and-a-half-old Downtown business, Encore Restaurant & Bar, begins at about 3 in the afternoon. Some of the kitchen staff already are in place doing prep work for the French-style bistro in Peabody Place.
"A moment comes, which comes but rarely in history, when we step out from the old to the new, when an age ends, and when the sound of a nation, long suppressed, finds utterance." - Jawaharial Nehru, Indian statesman
WASHINGTON (Dow Jones/AP) - Companies trying to emerge from Chapter 11 protection by the end of this year may have trouble securing financing, as credit market woes extend into the niche arena of bankruptcy lending.
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke is suggesting that policymakers look for ways to encourage a wider range of mortgages geared for low-income and other borrowers who have been hard hit by the housing slump and credit crunch.
A state report shows that Tennessee taxpayers over the next year will spend from about $15,350 to $38,350 a year on insurance for all four, depending on whether they signed up for single or family coverage.
The subprime-mortgage downturn keeps showing up in unexpected places in unusual ways.
WASHINGTON (AP) - Lawmakers this fall will consider stricter rules for credit-rating agencies amid criticism that they failed to accurately assess - or warn investors about - the risks that mortgage investments posed to financial markets.
WASHINGTON (AP) - The government is taking action to enable more low-cost financing to be available for military veterans buying homes in pricier areas of the country.