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Editorial Results (free)

1. Funding for Southbrook Repairs Delayed -

A Shelby County Commission resolution seeking $2.1 million in qualified energy conservation bonds to make roof and HVAC repairs to Southbrook Mall was sent back to committee Monday, May 23.

The owners of the Whitehaven mall sought $1.5 million from the city of Memphis during former Mayor A C Wharton’s administration for the same purpose but never got it.

2. County Commission Delays School Funding Redirect, Southbrook Mall Funding -

Shelby County Commissioners held up $2.8 million in redirected Shelby County Schools funding Monday, May 23, as the commission and school system leaders prepare for a Wednesday meeting on the school system budget for the coming fiscal year.

3. School Board Vacancy to be Filled in August -

Shelby County Commissioners plan to fill the vacancy on the countywide school board from the resignation of Reginald Porter at the Aug. 19 meeting.

4. School Board Vacancy to Be Filled in August -

Shelby County Commissioners plan to fill the vacancy on the countywide school board from the resignation of Reginald Porter at the Aug. 19 meeting.

5. Commission Approves $4.38 Property Tax Rate -

Shelby County Commissioners approved a $4.38 county property tax rate Monday, July 22, ending a budget season that spilled into the first 22 days of the new fiscal year.

The key to the 7-5 vote on third and final reading of the ordinance was Commissioner Justin Ford changing his “no” vote earlier this month back to a “yes” vote and Commissioner Sidney Chism announcing he would no longer abstain from voting on the matter because of a day care center his family operates.

6. Oil Sinks on Reserve Release Talk -

NEW YORK (AP) – The price of oil fell Monday as the threat to production from Tropical Storm Isaac appeared to lessen and traders speculated about a release of oil from U.S. reserves.

Forecasts for Isaac have moderated, easing concerns that the storm could damage key oil and gas operations in the Gulf of Mexico.

7. Natural Gas Prices Dip Below $2 -

NEW YORK (AP) — The price of natural gas has dropped below $2 for the first time in more than a decade.

A mild winter and production boom have left the U.S. with more natural gas than Americans can consume. Storage facilities are quickly filling up. The glut has pushed down the futures price of gas 59 percent since it peaked at $4.85 last summer.

8. Oil Wavers on Debt Ceiling, Tropical Storm -

NEW YORK (AP) — Oil settled virtually unchanged Thursday, as traders waited to learn more about the possible impact of a tropical storm in the Gulf of Mexico, the wrangling over the debt ceiling in Washington and the debt crisis in Europe.

9. Oil Jumps to Above $90 as Libya Protests Spread -

Oil prices jumped by over $4 a barrel on Monday amid investor concerns that violent protests spreading in Libya could disrupt crude supplies from the OPEC nation and affect other oil-rich countries in the region.

10. Oil Prices Fall Despite Drop in Supply -

Oil prices fell Wednesday as traders shrugged off an unexpected drop in crude supplies and focused instead on government data that showed Americans still have little appetite for more petroleum.

Benchmark crude for November delivery lost $1.15 to trade at $69.73 on the New York Mercantile Exchange. In London, Brent crude gave up 68 cents to $67.88 on the ICE Futures exchange.

11. FTC Issues Rule Policing Oil Price Manipulation -

NEW YORK (AP) - The Federal Trade Commission said Thursday it would begin policing the petroleum industry with new penalties for anyone attempting to manipulate energy prices.

The rule, which will go into effect in November, targets anyone dealing with crude oil, gasoline and petroleum distillates. It prohibits market distortions through false or misleading statements about stockpiles, prices or crude and fuel output.

12. FedEx CEO: Use of Foreign Oil Threatens US Economy -

WASHINGTON (AP) - FedEx Corp. Chief Executive Fred Smith said Monday that U.S. reliance on foreign oil is the biggest threat to the nation's economy after terrorism.

13. Oil Falls Below $72 as Dollar Gains Against Euro -

NEW YORK (AP) – Oil prices tumbled back below $72 a barrel Tuesday as a stronger dollar dented investor demand for commodities and outweighed concerns about an expected OPEC output cut.

At the pump, consumers got another price cut as a gallon of regular gasoline lost 3.4 cents overnight to a new national average of $2.89, according to auto club AAA, the Oil Price Information Service and Wright Express. Prices have fallen 30 percent from their July 11 peak of $4.11 a gallon and are quickly closing in on year-ago levels.

14. Oil Plummets on Big Jumps in US Crude, Gas Stocks -

NEW YORK (AP) - Oil prices closed at a new 14-month low beneath $70 a barrel Thursday, bringing its price to less than half its July record high after the government reported massive increases in U.S. crude and gasoline stockpiles.

15. Oil Plunges to 13-Month Low on Global Slowdown -

NEW YORK (AP) - Oil prices plunged in another violent sell-off Friday, briefly tumbling below $78 a barrel as investors grow more pessimistic about the prospects for resolving a mushrooming global economic crisis.

16. Oil Prices Fall Below $87 on Recession Fears -

NEW YORK (AP) - Oil prices dipped below $87 a barrel Thursday with the downward momentum slowed somewhat by continuing chatter from OPEC nations about an emergency meeting to address the market slide.