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VOL. 123 | NO. 32 | Friday, February 15, 2008

New Initiative Fosters Cooperation in Fighting Blight

Some Memphis citizens have been asking for years to have blight cleaned up in their neighborhoods, from vacant buildings used as drug houses to unsightly trash left on sidewalks.

Herenton Continues Call For Metal Detectors

All Memphis city middle, junior and senior high schools already have metal detectors. Memphis Mayor Willie Herenton's plan to put up $500,000 in city money for the immediate purchase of 65 walk-through and 210 handheld detectors is part of a plan to make daily searches of students less of an obstacle - logistically and politically.

Robertson Jumps Into Role Promoting Downtown Memphis

When the Center City Commission decided recently to create a new position - chief administrative officer - the group ventured outside its own ranks in tapping the new hire. Eric Robertson, who stepped into the role Jan. 14, had spent almost the past decade in a similar job elsewhere in the city and was already an enthusiastic booster of Downtown Memphis.

Bowers Sentenced to 16 Months in Waltz Case

Former State Sen. Kathryn Bowers was sentenced to one year and four months in prison by U.S. District Court Judge Daniel Breen Thursday after pleading guilty this summer to one bribery count. Bowers admitted taking $11,500 in bribes during an undercover FBI sting operation named Tennessee Waltz.

SEC Proposes Updating Investment Advisers' Brochures

WASHINGTON (Dow Jones/AP) - U.S. money managers would have to provide online brochures describing their services, fees, investment performance and potential conflicts of interest under a proposal approved Wednesday by the Securities and Exchange Commission.

Local Weather
Memphis, TN
Mostly Cloudy
Wind: Southwest at 10.4 mph
Humidity: 63%


The University of Memphis Law Review 2008 Spring Symposium, sponsored by the Memphis Bar Association (MBA), will be held today from 9 a.m. to 3:30 p.m. in the Methodist Presentation Theater in the FedEx Institute of Technology, 330 Innovation Drive. The event counts for 4.5 hours of general continuing legal education credit. For registration information, call the MBA at 527-3573.

more events »

Restaurant Tax Hike Sought by County

First comes the tax proposal. Then comes the tidal wave of opposition and a crushing defeat either by popular vote or by political will.

Regions Financial Names Esteves CFO

BIRMINGHAM, Ala. (AP) - Financial services provider Regions Financial Corp. has named Irene Esteves senior executive vice president and chief financial officer, effective April 1, to replace Al Yother, who is retiring.

Anti-Semitic Flier Attacks White Congressman In Black District

Steve Cohen, a white congressman representing a mostly black district, is no stranger to political attacks tinged with race.

Bill Would Require Parental Consent Before Prevention Discussion

NASHVILLE (AP) - A proposal that would require parental consent before child care agencies can discuss sexual abuse prevention with a child is advancing in the Legislature.

Airline Traffic Fell in November; Industry Still on Record Pace

WASHINGTON (AP) - U.S. airlines carried fewer passengers in November, the first time in 2007 that traffic declined compared with the same month a year earlier.

Jobless Claims Decline by Larger-Than-Expected Amount

WASHINGTON (AP) - The number of newly laid off workers filing claims for unemployment benefits fell last week by a larger-than-expected amount.

US Trade Deficit Declined in 2007 After Setting Records for 5 Straight Years

WASHINGTON (AP) - Despite a soaring foreign oil bill and another record deficit with China, the overall U.S. trade deficit declined in 2007 after setting records for five consecutive years.

Moody's Considers Thomas & Betts Upgrade

NEW YORK (AP) - Moody's Investor Service said Thursday it is considering a possible upgrade of its long-term rating on electrical component maker Thomas & Betts Corp.

Report: Bankers Want to Shift Some Risk of Loans to US

WASHINGTON (AP) - A plan to limit damage caused by the mortgage mess that is gaining traction in Congress and the administration would make it easier for banks to write off part of the unpaid balance on loans that exceed a property's value, The Wall Street Journal reported, citing people familiar with the matter.

John Ford's Trial Over Consultant Money Delayed Until June

NASHVILLE (AP) - Former Sen. John Ford's federal trial on charges related to consultant payments he got from state contractors has been postponed until June.

Bredesen Urges Expanded Access to Home-Based Care

NASHVILLE (AP) - Gov. Phil Bredesen acknowledges that there isn't much state money available for his plan to expand access to home care for the elderly and the disabled.

Senate Speaker Says Expanding Pre-K Will be Hot Topic

NASHVILLE (AP) - Senate Speaker Ron Ramsey says the idea of opening the governor's pre-kindergarten program to children who aren't poor will be a contentious issue this year.

Lunati Sentenced To 18 Months In Prison

And Lunati gives up his interest in the Tunica Cabaret strip club, 5599 Tenn. 61 South and another $19,297 in cash seized there in the same set of raids.

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