Memphis Commercial Appeal [
link]
By Amos Maki, Sunday, November 9, 2008
As the effects of the global meltdown trickle down to City Hall, Memphis officials are considering employee buyouts and other measures to deal with what could be the city's worst financial year in nearly two decades.
Mayor Willie Herenton and the City Council gathered Saturday at the FedEx Institute of Technology at the University of Memphis for their annual retreat. While the banter was lighthearted at times, the financial scenario laid out by city officials was anything but.