VOL. 123 | NO. 48 | Monday, March 10, 2008
Condo market provides sliver of hope
It's not easy to find a silver lining in the dark cloud that hovered over February's residential housing numbers. With home sales in Shelby County dropping 15.6 percent from the same month last year, the real estate slump that began in 2007 appears to be in full force.
Shelby County Mayor A C Wharton Jr. has invited some of the top financial minds both in and out of county government to a roundtable discussion that will be held this morning at the University of Memphis.
Some teenagers spend years trying to figure out what they want to do with their lives once they graduate from high school. For Gene Mangiante, it seems his path was determined long before he earned a diploma.
The Herenton administration and the Memphis Police Association already are in court and contract negotiations between the two are just getting started.
WASHINGTON (AP) - Home foreclosures soared to an all-time high in the final quarter of last year and are likely to keep on rising, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy.
NEW YORK (AP) - The nation's retailers got a little reprieve in February, as consumers hesitantly returned to malls and stores after retrenching in recent months. Among the big winners were discounters like Wal-Mart Stores Inc., whose results beat expectations.