VOL. 124 | NO. 185 | Monday, September 21, 2009
It’s hard to find a mortgage banker who doesn’t appreciate the $8,000 first-time homebuyers federal tax credit. The program, set to expire Nov. 30 unless Congress extends it, has provided a spark for the industry as hundreds of thousands of buyers are taking advantage of it.
More business owners are beginning to put their enterprises up for sale and that’s actually good news for the Memphis economy, according to agents at Elite Business Brokers.
THE MEMPHIS NEWS
The field is set at 25 candidates and Memphians start voting Sept. 25 in a mayor’s race that has been neither a surprise nor the expected.
Among the 25 people seeking to become Memphis’ next mayor, the ideal candidate does not exist. Even the more serious contenders, who are a minority in the record-setting group, lack the overall vision and ability to get things done.
Former U.S. Secretary of State Condoleezza Rice was the first speaker in the Greater Memphis Chamber’s Global Leadership Series.
A groundbreaking event at the Mid-South Fairgrounds, some highly anticipated chicken sandwiches, and even a band of Iguanas highlight the 22nd annual Cooper-Young Festival taking place Saturday.
NASHVILLE, Tenn. (AP) - The state's medical epidemiologist says there's no need for people to panic despite an increased number of deaths and school closings in Tennessee due to the swine flu.
LITTLE ROCK, Ark. (AP) - Unemployment in Arkansas fell in August while the national rate rose.
WASHINGTON (AP) – The Federal Housing Administration reported Friday its cash cushion will dip below mandated levels for the first time, but officials insist it won’t need a taxpayer rescue.
RICHMOND, Va. (AP) - Firefighters and safety advocates say they could triumph over the "last bastion of America's fire problem" – the family home – if officials require sprinklers in every new home.
TRENTON, N.J. (AP) - French drugmaker Sanofi-Aventis SA has completed its $4 billion purchase of Merck & Co.'s half-interest in their veterinary medicine business, Merial Ltd., the companies said Friday.
WASHINGTON (AP) - Regulators on Thursday proposed rules designed to stem conflicts of interest and provide more transparency for credit rating companies. They also proposed banning "flash orders," which give some traders a split-second edge in buying or selling stocks.
WASHINGTON (AP) - U.S. Treasury Secretary Timothy Geithner said an emergency program that had guaranteed as much as $3 trillion in assets in money market mutual funds was being allowed to expire Friday.
WASHINGTON (AP) - Independent advocacy groups will be able to spend more money to try to influence federal elections under a decision Friday from a federal appeals court that overturned rules limiting nonprofits' campaign spending.
BOSTON (AP) - Massachusetts Republicans temporarily blocked Senate debate Friday on a bill allowing Gov. Deval Patrick to name an interim appointment to the U.S. Senate seat left vacant by the death of Edward Kennedy.