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VOL. 124 | NO. 22 | Tuesday, February 3, 2009

Council Approves Apartment Energy Efficiency Standards

Changes Living Wage Reporting and Greenlights ADA Liberty Bowl Work

The Memphis City Council has given final approval to an ordinance that sets minimum energy efficiency standards for rental property.

Schuler Buys Stake in GTx

Jack Schuler, an investor who has held top leadership posts in the pharmaceutical and biotech industries, last week purchased 8.3 percent of the shares of GTx Inc. for himself, his foundation and his children.

Council to Discuss Employee Buyouts

The Memphis City Council today is to begin discussing the terms of a buyout for city employees.

‘Welcome Home’ Grads Win Added Cache

A little more than two years after the Memphis Area Association of Realtors launched its Welcome Home Memphis certification, eight real estate agents have completed all of its requirements, giving the program some momentum during a slumping market.

Coordinated Effort Sought To Save Musicians’ Homes

The childhood home of Aretha Franklin may already be on Soulsville’s wish list, but another structure on the campus of the Stax Museum of American Soul Music appears in need of more immediate attention.

Local Weather
Memphis, TN
Wind: South at 8.1 mph
Humidity: 94%


The Memphis Rotary Club will meet today at noon at the University Club of Memphis, 1346 Central Ave. Tommy Wells, president of the American Bar Association, will speak. Lunch is $18 per person and reservations are required. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

Int’l Paper Shares Fall After Downgrade

NEW YORK (AP)International Paper Co. shares fell sharply Monday after a Wall Street analyst said he expects the biggest paper and forest products company in the United States to cut its dividend by midyear.

Businesses Fare Better In Senate Econ Package

WASHINGTON (AP) – Businesses are faring much better in the Senate than they did in the House as Congress works on a massive package of spending and tax cuts designed to stimulate the economy.

Assisted Living/Alzheimer’s Facility Near Completion in Schilling Farms

15 Schilling Bend Commons, Collierville, TN 38017, Loan Amount: $4 Million -
Southridge Nursing LLC – the local limited liability company of Sikeston, Mo.-based Americare – has filed a $4 million construction loan to complete the company’s assisted living and Alzheimer’s facility on 1.9 acres of land in Collierville’s Schilling Farms Planned Development. The loan, dated Jan. 7, was through Financial Federal Savings Bank.

Bredesen to Give Speech, But Release Budget Later

NASHVILLE, Tenn. (AP) - Gov. Phil Bredesen may not be ready to lay out the details of a budget proposal, but he still plans to address Tennessee lawmakers next week.

Court Denies 2 Appeals to Stop Upcoming Execution

NASHVILLE, Tenn. (AP) - The U.S. Court of Appeals has issued two orders denying a request to stop the upcoming execution of a Tennessee death row inmate.

Who Gets What: Billions for Health Care Insurance

WASHINGTON (AP) - It will get vastly cheaper for most people to keep health insurance after losing a job if the government's stimulus plan becomes law. Some nickel and dime cuts in health coverage for the poor will be reversed, too. Geek jobs in medicine will grow.

Obama Says Differences Shouldn't Delay Stimulus

WASHINGTON (AP) - President Barack Obama said Monday that "very modest differences" over a massive package to revive the economy should not delay its swift passage, a fresh appeal to Congress as the nation dealt with another dose of dire financial news.

As Unemployment Rises, Uncle Sam Has Jobs

WASHINGTON (AP) - The economic downturn has forced private industry and state and local government to shed jobs, but one major employer in the country is hiring: The federal government.

Americans Saving More, Spending Less

WASHINGTON (AP) - Americans are hunkering down and saving more. For a recession-battered economy, it couldn't be happening at a worse time.

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PROPERTY SALES 94 494 11,526
MORTGAGES 99 552 13,427
BUILDING PERMITS 135 926 24,165
BANKRUPTCIES 63 276 7,473

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