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VOL. 124 | NO. 185 | Monday, September 21, 2009

Experts: Mortgage Numbers Still Down, But Rebounding

It’s hard to find a mortgage banker who doesn’t appreciate the $8,000 first-time homebuyers federal tax credit. The program, set to expire Nov. 30 unless Congress extends it, has provided a spark for the industry as hundreds of thousands of buyers are taking advantage of it.

Business Brokerage Firm Sees Signs of Recovery

More business owners are beginning to put their enterprises up for sale and that’s actually good news for the Memphis economy, according to agents at Elite Business Brokers.

THE MEMPHIS NEWS

A Mayor’s Race to Remember: Candidates pump up the drama as election nears

The field is set at 25 candidates and Memphians start voting Sept. 25 in a mayor’s race that has been neither a surprise nor the expected.

Vote Wisely, Remember Mayor’s Post Is Temporary

Among the 25 people seeking to become Memphis’ next mayor, the ideal candidate does not exist. Even the more serious contenders, who are a minority in the record-setting group, lack the overall vision and ability to get things done.

Local Weather
Currently
Memphis, TN
61.0°F
Mostly Cloudy
Wind: East at 4.6 mph
Humidity: 78%

EVENTS

Methodist Hospice will sponsor the “Red Slipper Women’s Golf Tournament and Caddie Auction” today at the Windyke Country Club, 8535 Winchester Road. Registration beings at 11:30 a.m. with a shotgun start at 1 p.m. Each team member will receive lunch, a push cart and 18 holes on the par 3 course for $65. To register, call Dee Flood at 516-1727.

more events »

Rice Sounds Off on Protectionism, Quality of US Education

Former U.S. Secretary of State Condoleezza Rice was the first speaker in the Greater Memphis Chamber’s Global Leadership Series.

Cooper-Young Festival Revs Up for 22nd Edition Despite Economic Woes

A groundbreaking event at the Mid-South Fairgrounds, some highly anticipated chicken sandwiches, and even a band of Iguanas highlight the 22nd annual Cooper-Young Festival taking place Saturday.

STATEWIDE

Tenn. Swine Flu Vaccine Expected in October

NASHVILLE, Tenn. (AP) - The state's medical epidemiologist says there's no need for people to panic despite an increased number of deaths and school closings in Tennessee due to the swine flu.

REGIONAL

Ark. Jobless Rate Falls to 7.1 Percent

LITTLE ROCK, Ark. (AP) - Unemployment in Arkansas fell in August while the national rate rose.

REAL ESTATE

Gov’t Home Loan Agency Faces Cash Squeeze

WASHINGTON (AP) – The Federal Housing Administration reported Friday its cash cushion will dip below mandated levels for the first time, but officials insist it won’t need a taxpayer rescue.

Builders, Firefighters Differ on Sprinkler Rules

RICHMOND, Va. (AP) - Firefighters and safety advocates say they could triumph over the "last bastion of America's fire problem" – the family home – if officials require sprinklers in every new home.

NATIONAL BUSINESS

Sanofi Buys Merck's Half of Animal Health Business

TRENTON, N.J. (AP) - French drugmaker Sanofi-Aventis SA has completed its $4 billion purchase of Merck & Co.'s half-interest in their veterinary medicine business, Merial Ltd., the companies said Friday.

SEC Proposes New Rules for Credit Rating Agencies

WASHINGTON (AP) - Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating companies. They also proposed banning "flash orders," which give some traders a split-second edge in buying or selling stocks.

Geithner Ends Money Market Guarantee Program

WASHINGTON (AP) - U.S. Treasury Secretary Timothy Geithner said an emergency program that had guaranteed as much as $3 trillion in assets in money market mutual funds was being allowed to expire Friday.

NATIONAL POLITICS

Appeals Court Overturns Campaign Finance Rules

WASHINGTON (AP) - Independent advocacy groups will be able to spend more money to try to influence federal elections under a decision Friday from a federal appeals court that overturned rules limiting nonprofits' campaign spending.

Mass. Senate Delays Debate on Kennedy Interim Bill

BOSTON (AP) - Massachusetts Republicans temporarily blocked Senate debate Friday on a bill allowing Gov. Deval Patrick to name an interim appointment to the U.S. Senate seat left vacant by the death of Edward Kennedy.

Falling With the Leaves

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 31 327 17,870
MORTGAGES 49 409 20,835
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 129 800 36,616
BANKRUPTCIES 51 243 11,925
BUSINESS LICENSES 21 117 5,677
UTILITY CONNECTIONS 0 175 12,208
MARRIAGE LICENSES 29 121 4,478

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