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VOL. 124 | NO. 97 | Tuesday, May 19, 2009

City Council to Discuss Tax Rate Today

The Memphis City Council today will move closer to setting a new city tax rate, an annual decision that will require extra steps this year because of the recent property reappraisal and a continuing struggle over funding for the city school system.

Herenton: Rape Center To Get Help From Le Bonheur

Memphis Mayor Willie Herenton announced Monday a reorganization of the Memphis Sexual Assault Resource Center that will include Le Bonheur Children’s Medical Center handling all forensic examinations of child rape and sexual assault victims.

Work Begins on Habitat’s Green Neighborhood

Trinity Park, the first all-green neighborhood being developed by Habitat for Humanity of Greater Memphis, reached an important milestone last week when crews began site work on the project.

Stanford Receiver Requests $20M To Pay Helper Firms

Cleaning up the wreckage of a fallen financial giant that once cast a long shadow in Memphis apparently will be an expensive task.

69 Local Jobs Axed After Closing, Layoffs

Sportsman’s Warehouse and Memphis Biofuels LLC have joined the list of businesses in Memphis taking drastic steps to compensate for the downturn in the economy.

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. Marshall Gramm of Rhodes College will speak. Lunch is $18 per person and reservations are required. For reservations, e-mail Taylor Hughes at taylor@memphisrotary.org.

more events »

New Health Official Wants To ‘Talk About Sex’

Dr. Kenneth S. Robinson, the newly appointed Shelby County health officer, has challenged bioscence leaders to think of innovative ways to address what he termed the “tough stuff,” the city’s high rates for sexually transmitted diseases, teenage pregnancy and infant mortality.

Carriage Crossing Jewelry Store Sold to Florida Investor

4615 Merchants Park Circle, Collierville, TN 38017, Sale Amount: $2.8 Million -
The Jared the Galleria of Jewelry store adjacent to Collierville’s The Avenue Carriage Crossing has sold for $2.8 million in a special warranty deed to Philip Brabyn of Naples, Fla. Brabyn bought the outparcel property at 4615 Merchants Park Circle from Carriage Avenue LLC, which developed the open-air mall. The sale date was May 6.

Tenn. Ethics Commission Fires Executive Director

NASHVILLE, Tenn. (AP) - The Tennessee Ethics Commission, facing an uncertain future, on Monday fired its executive director.

Tenn. Senate to Vote on Rejecting 'Cap and Trade'

NASHVILLE, Tenn. (AP) - The state Senate was to vote Monday on a resolution declaring that Tennessee won't participate in a federal system for limiting greenhouse gas emissions.

Tenn. Health Officials Confirm 84 Swine Flu Cases

NASHVILLE, Tenn. (AP) - Health officials say the number of confirmed cases of swine flu in Tennessee has increased to 84.

Judge Files Lawsuit Against Regions Bank

BIRMINGHAM, Ala. (AP)Regions Financial Corp.’s chief executive and board are accused in a lawsuit of mismanagement that allegedly resulted in stock losses from $38 to $5 a share.

Congress Has Little Appetite For Health Care Taxes

WASHINGTON (AP) – It’s the toughest question of all in the debate over revamping the nation’s health care system – how to pay for expanding coverage to nearly 50 million uninsured people.

FASB Tightens Off-Balance-Sheet Loan Rules

WASHINGTON (AP) - The board that sets U.S. accounting standards on Monday moved to end companies' use of a device that allowed them to park hundreds of billions of dollars in loans off their balance sheets without capital cushions and has been blamed for helping stoke banks' losses in the housing boom.

Lowe's Q1 Profit Falls, But Tops Wall Street View

CHICAGO (AP) - Lowe's Cos. Inc. said shoppers buying paints, plants and replacement parts in the first quarter helped the home-improvement chain beat Wall Street forecasts and prompted it to boost its full-year outlook.

AIG Plans to Spin Off Asian Life Insurance Unit

NEW YORK (AP) - American International Group Inc. plans to spin off its Asian life insurance unit in an initial public offering to help repay billions of dollars in U.S. government loans.

Post Office Has Cut 25,000 Jobs This Year

WASHINGTON (AP) - The U.S. Postal Service has cut its staff by 25,000 this year as it struggles to reduce massive deficits, Postmaster General John Potter said Monday.

Retailers, Service Cos. Gain as People Stay Home

CINCINNATI (AP) - As Americans grow accustomed during the recession to spending more time at home and living in the same places longer, home-improvement companies are regaining momentum.

EPA Urged to Act on Climate, Not Wait for Congress

ARLINGTON, Va. (AP) - The Environmental Protection Agency should not wait for Congress before taking steps to control the gases blamed for global warming, supporters of federal greenhouse-gas regulation said Monday.

Nations Urge WHO to Change Swine Flu Assessment

GENEVA (AP) - China, Britain, Japan and other countries urged the World Health Organization on Monday to be very cautious about declaring the arrival of a swine flu pandemic, fearing that a premature announcement could cause worldwide panic and confusion. WHO bent to their wishes.

Complaint Seeks Disbarment of Bush Lawyers

WASHINGTON (AP) - A coalition of liberal groups filed petitions Monday seeking disbarment of Bush administration attorneys linked to memos on harsh interrogation techniques of detainees.

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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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