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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
69.0°F
Partly Cloudy
Wind: South at 15.0 mph
Humidity: 61%

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 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 30 147 12,996
MARRIAGE LICENSES 15 65 4,842

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