VOL. 123 | NO. 188 | Thursday, September 25, 2008
Corker cautions against politics, wants action in shoring up financial system
U.S. Sen. Bob Corker met privately for more than an hour Sunday in his Washington office with U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke.
WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke on Wednesday faced a second straight day of tough questioning on Capitol Hill about the Bush administration’s proposed $700 billion bailout plan.
The Law Firm of William M. Jeter PLLC has changed its name to Jeter and Nahmias PLLC as a result of a partnership between Bill Jeter and Adam Nahmias, a 15-year veteran of the law profession who joined the Jeter firm in January 2007.
The clock is ticking on the Bass Pro Shops deal for The Pyramid, said the Herenton administration’s point man in negotiations with the outdoor retailer.
Memphis City Schools Supt. Dr. Kriner Cash this week downplayed the latest changes in his portrayal of the school system’s economic bottom line.
A new chapter began this week in the home of the former Burkes’ Book Store at 1719 Poplar Ave. in Midtown. After months of extensive renovations and additions to the 84-year-old structure, it has reopened as Steve’s Tire & Auto Service Center.
Kenneth E. Barnes recently joined Crone & Mason PLC as an attorney focusing on patent and trademark protection. He received both his bachelor’s and master’s degrees from the University of Memphis, and he graduated earlier this year with a juris doctorate from the U of M’s Cecil C. Humphreys School of Law.
WASHINGTON (AP) - The White House bowed on a crucial change in the $700 billion financial bailout plan Wednesday, and President Bush readied a prime-time speech to the nation as the administration scrambled to pull loudly resistant lawmakers onboard and stave off a deepening economic crisis.
CHARLOTTE, N.C. (AP) - American International Group Inc. may have agreed to take the U.S. government up on a two-year, $85 billion loan to help stave off bankruptcy, but now the nation's largest insurer faces an FBI investigation.
WASHINGTON (AP) - The House on Wednesday took up a $630 billion-plus spending bill awarding the Pentagon a record budget while giving generous help to U.S. automakers and victims of hurricanes and floods.
WASHINGTON (AP) - Executives whose companies get a piece of the $700 billion government bailout will have their pay packages strictly limited under proposals that are broadly supported by both Republicans and Democrats in Congress.
NEW YORK (AP) - Goldman Sachs Group Inc., seeking to improve not only its balance sheet but its standing with investors, has undertaken a huge capital-raising program that includes an investment of at least $5 billion from Warren Buffett and a common stock offering for another $5 billion.
WASHINGTON (AP) - Health insurance premiums rose a modest 5 percent this year for coverage that's getting skimpier, researchers say.