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VOL. 123 | NO. 190 | Monday, September 29, 2008

Vesta to Showcase Rossville Homes

Karen Garner remembers the inaugural Vesta Home Show in 1984, when she worked in the concession stand as one of many volunteer homebuilders.

Mays Consolidates Regions Funds Suit

The class action cases pending in U.S. District Court for the Western District of Tennessee on behalf of investors who lost money in several Regions Morgan Keegan mutual funds slowly are taking shape.

Credit Crunch Makes Cities' Borrowing More Costly

WASHINGTON (AP) – The fear of lending that has gripped Wall Street is making it more expensive – or impossible – for state and local governments to borrow money needed for schools, road improvements and other projects.

WaMu Biggest Bank to Fail In Nation’s History

NEW YORK (AP) – Washington Mutual Inc., one of the nation’s largest banks, has collapsed under the weight of its enormous bad bets on the mortgage market.

Economy’s Spring Rebound Was Less Energetic

WASHINGTON (AP) – The economy’s spring rebound turned out to be slightly less energetic than the government previously thought. And, the road ahead is likely to be rocky as the country gets pounded by the worst financial crisis in decades.

Local Weather
Currently
Memphis, TN
54.0°F
Overcast
Wind: Southwest at 11.5 mph
Humidity: 40%

EVENTS

The University of Memphis Intermodal Freight Transportation Institute will hold the seminar “Disaster Recovery in Freight Transportation – Moving Beyond First Response” today from 8 a.m. to 1 p.m. in The Zone at the FedEx Institute of Technology, 365 Innovation Drive. Conference speakers will include U.S. Rep. Steve Cohen, D-Memphis; Robert D. Jamison, undersecretary for National Protection and Programs for the Department of Homeland Security; and Joe Waldo, senior consultant for Global Insight Inc. Seating is limited to 180 people. Register online at http://cifts.memphis.edu.

more events »

All Youth Sports Roads Lead to Cordova’s Gameday Baseball

Gameday Baseball, called the best-kept secret in Cordova by its president, Leigh Fox, is doing great things. Since opening in 2005, the sports complex has been instrumental in drawing national attention to the area from people involved in youth sports.

Report: FDA Lax in Oversight of Produce Industry

FRESNO, Calif. (AP) – The Food and Drug Administration's efforts to combat food-borne illness are hampered by infrequent inspections, not enough staff and the failure to implement a program devoted to the safety of fresh produce, according to congressional investigators.

KB Home 3Q Loss Widens as Housing Slump Drags On

LOS ANGELES (AP) – KB Home, one of the nation's largest home builders, said Friday its third-quarter loss quadrupled from a year-ago period, missing Wall Street's expectations as revenue plunged by 56 percent amid falling sales and home prices.

Sliding Sales

The number of existing home sales nationally has dropped nearly 11 percent over the past year as the national sales price has declined almost 10 percent.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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