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VOL. 123 | NO. 191 | Tuesday, September 30, 2008

Behind the Scenes

What you haven’t heard about Oxford’s presidential debate

For television viewers around the world, it began with the host of PBS’ “The NewsHour with Jim Lehrer” intoning, “Good evening from the Ford Center for the Performing Arts at the University of Mississippi in Oxford.”

Shocking Defeat for Econ Bailout; Record Stock Dip

WASHINGTON (AP) – In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. The Dow Jones industrials plunged nearly 800 points, the most ever for a single day.

Salvaggio Group Plans Brownstone Building in G’town

If success breeds success, as the old saying goes, then The Salvaggio Group LLC’s next project in Old Germantown could be destined for a bright future.

Local Weather
Currently
Memphis, TN
82.0°F
Mostly Cloudy
Wind: South at 5.8 mph
Humidity: 69%

EVENTS

The Memphis Urban League Inc. will host its 2008 Annual Empowerment Luncheon today from 11:30 a.m. to 1 p.m. at the Holiday Inn-University of Memphis, 3700 Central Ave. The featured speaker will be political strategist Donna Brazile. For reservations, call 272-2491, Ext. 23 or e-mail tbaymon@mphsurbanleague.org.

more events »

Fannie, Freddie Disclose Subpoenas, Investigations

WASHINGTON (AP) – A federal grand jury is investigating accounting and disclosure issues at Fannie Mae and Freddie Mac, the mortgage finance companies reported Monday.

Extensive Rehab Planned For Frayser Apartments

2881 Range Line Road, Memphis, TN 38127, Permit Amount: $2.6 Million -
Just a few months after Indiana-based Rynard Properties Ridgecrest LP bought the Ridgecrest Apartments in Frayser for $5 million, the company is embarking on a renovation of the complex’s 256 units.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 92 158 13,600
MORTGAGES 89 165 15,731
FORECLOSURE NOTICES 10 21 2,160
BUILDING PERMITS 250 250 28,008
BANKRUPTCIES 54 121 8,771
BUSINESS LICENSES 33 54 4,619
UTILITY CONNECTIONS 28 60 5,453
MARRIAGE LICENSES 20 48 2,942

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