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VOL. TMN-7 | NO. 48 | Saturday, November 22, 2014
Weekly Issue

After the Campaign

Making sense of the election year that was in Shelby County

The 2014 election year began in January with dissent from the floor.

Editorial: Midterm Election Sends Elected to New Work

There will be a lot of talk in future election years about whether the 2014 midterm elections were a “wave” election and if so how big the wave was.

THE MEMPHIS NEWS ALMANAC

November 21-27: This week in Memphis history

2013: The last in a series of 11 elections in Shelby County in three months. Memphis voters defeated a sales tax hike for prekindergarten and Democrat Raumesh Akbari was elected to the District 91 state House seat.

Delta Slashes More Memphis Flights

Delta Air Lines will dramatically reduce service at Memphis International Airport once again, delivering another blow to airline employees, local flyers and airport officials.

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Patients Before Profit

St. Jude Children’s Research Hospital Dedicates New Center

When Hillary Clinton visited St. Jude Children’s Research Hospital 20 years ago to dedicate the then new patient care center, she was the first lady.

BankTennessee Celebrates 80 Years in Business

The bank got its start in 1934 as First Federal Savings and Loan Association, founded by a group of local Memphis bankers and businessmen.

Boyle Sees Opportunity in East Memphis

Memphis-based Boyle Investment Co. hopes to break ground next year on a new office building at its Ridgeway Center complex near Poplar Avenue and Shady Grove Road, according to company officials.

New Daisy Changes Hands at Critical Time for Beale

Three decades is a long enough time on Beale Street for any institution to create its own remarkable life.

Moore Tech Awakens

Moore Tech leaders lobby to add the school to the Tennessee Promise program

The large old trees on its campus and the paned windows of its brick buildings indicate the William R. Moore College of Technology has been around for a while.

Wharton’s Hybrid Pension Falls in Council

Memphis Mayor A C Wharton Jr.’s hybrid pension proposal, the second of two parts of his overhaul of city employee benefits, was voted down Tuesday, Nov. 18, by the Memphis City Council in a bid by some on the council to end “uncertainty” among city employees.

Expedient Data Centers Expands to Memphis

Expedient Data Centers, a leading provider of cloud computing and other related services, has settled on Memphis as the site of its first data center in Tennessee.

Home for the Holidays

United Housing places its 4,000th homebuyer

Jasmine Morris, a 27-year-old Memphis native, had been renting while trying to raise her daughter, but she always longed to follow her dream of owning a home.

Potential Cargill Tenant Puts Rate Hike on Hold

As Cargill Inc. prepares to close down its Memphis corn mill by the end of the year, there are talks about moving another tenant into the facility. And about 50 of the 440 workers at the corn mill on Presidents Island will remain in Memphis at a smaller operation.

Hayes Perseveres to Lead Memphis Football

He belongs. As much, or more, than any of them.

Fairgrounds Project Linked to Schools Lawsuits

Attorneys for the city of Memphis and for Shelby County Schools are trying another round of court-ordered mediation before the Thanksgiving holiday in the six-year-old lawsuit over school funding.

Master Plan

UTHSC campus plan capitalizing on opportunity

Progress is usually expensive and seldom convenient. But the alternative?

Shelby County Commissioners Agree to Drop Lawsuit

Voices were raised and gavels were used to rule people and motions out of order. Motives were questioned and potential conflicts of interest were cited.

Lang Brings One-Man Show to Orpheum

Hollywood star Stephen Lang is a familiar presence on the silver screen, most famous for his roles in movies like “Avatar,” in which he plays Colonel Quaritch, and “Tombstone,” which includes his turn as Ike Clanton.

Wharton Defends Record, ‘Tough’ Decisions

When he ran for Memphis mayor in the 2009 special election, A C Wharton Jr. said he was running to win, but also to change the nature of the city’s politics.

Loeb Buys Office Complex in Heart of East Memphis

Loeb Properties has acquired an office complex in the heart of East Memphis, the company’s first major acquisition since it bought Overton Square in July 2012.

Exhibiting Soul

New Stax photo exhibit showcases legends, lesser-knowns

For more than a year, award-winning photographer and New York native Thom Gilbert has been shooting portraits of oil drillers in Texas, fishermen in Alaska, coal miners, cowboys, Detroit auto assembly workers – a group of people he refers to as “iconic Americans.”

School Phase-Ins Show Complicated Evolution

In 2 1/2 academic years, the state-run Achievement School District has had greater success in terms of student achievement with charter organizations that take over a grade or two at a time instead of all at once.

Target Eyeing Memphis Area for Distribution Center

Target is eyeing the Memphis area for an industrial project that could create up to 600 jobs, according to multiple sources.

SPORTS

Grizz Want NBA to Know They’re the Real Deal

It was early. How else do you define an NBA game played on Nov. 17?

Tigers’ Season Starts as a Hoops Nightmare

The comments on Twitter during the Memphis Tigers’ dreadful season debut against No. 11 Wichita State were shallow, cynical and, yes, spot-on.

Q&A: Bobby McCain, Tigers Senior Defensive Back

Fast Facts: 5-foot-11, 195 pounds; tied for fourth in the American Athletic Conference this season with four interceptions (one a pick-six); has 11 career interceptions; averaging 25.1 yards on 13 kick returns this season; sports management major.

Remember When Titans Had Home-Field Advantage?

There really are two ways to look at the remainder of the Tennessee Titans 2014 season and how the bleak present could affect the uncertain future of this franchise.

Just When We Started to Feel Good About UT Football

KNOXVILLE – All seemed so right for the University of Tennessee’s football team for 36 hours or so after last Saturday’s 50-16 victory over Kentucky at Neyland Stadium.

NEWSMAKERS

Bohannon to Chair Junior Achievement Board

Morgan Bohannon has been named chairman of the board of director of Junior Achievement of Memphis & the Mid-South Inc. Bohannon, the regional market manager for iHeartMedia, became engaged with Junior Achievement when iHeartMedia sponsored the “Broadcast Center” at JA BizTown in 2012. He joined the board soon thereafter and has been involved ever since.

REAL ESTATE RECAP

Elvis Presley Enterprises Seeks $70 Million Building Permit for Hotel

3600 Elvis Presley Blvd., Memphis, TN 38116, Permit Amount: $70 million -
Elvis Presley Enterprises is ready to shake, rattle and roll on its planned hotel near Graceland.

SMALL BUSINESS

Makowsky Ringel Greenberg Still Going Strong

In 2008, Memphis-based Makowsky Ringel Greenberg LLC acquired land inside the Schilling Farms community in Collierville for a new high-end apartment development.

LOCAL COLUMNISTS

Holden’s Hat

FINDING MEMPHIS. Last week the Church of the Holy Communion inaugurated a reading group called Words, and enticed an eclectic baker’s dozen of participants with Muddy’s cupcakes. I can’t speak for the rest, but I’ve worked for much less.

Doing Everything Right is Still No Guarantee

I meet people every day who are down on their luck. They’ve applied for job after job online and nothing is clicking. They’ve had a few phone interviews and even an in person interview or two. Their resume seems virtually flawless. They’re actively engaged in LinkendIn and regularly attending networking events.

Estate Planning and State Taxes

Ray’s take: A lesser-discussed aspect of estate planning is state inheritance taxes. Some states have tax separate and in addition to federal estate taxes. And to make it even more confusing, some states collect estate taxes and some states collect inheritance taxes, while two states collect both.

If You Don’t Come Across …

Ten years ago this month, as I was immersing myself into the nuances of cruciverbalism – the art of writing crosswords – these lines came to me:

Dollar, S&P Levels Point to 1996

As trading becomes more mechanized, investors must consider not only market fundamentals but also what‘s driving the algorithms. With the proliferation of ETFs, less analysis occurs at the security level, and more analysis occurs on the technical level.

Mobile Advertising Trends

2014 marked the first year that mobile Internet usage surpassed desktop, which is no doubt why a recent Forrester Research study predicts sales from consumers shopping on mobile phones will increase to $38 billion this year.

New Tech Imperatives for CEOs

It’s no secret that in today’s economy, small- and medium-sized businesses must constantly reinvent themselves in order to maintain relevancy in their marketplace.

The Wise Donor: Moving Beyond Emotion

It’s always good to give. To give from our hearts, according to our beliefs, and in line with our vision for the world we want to live in. There is a renewed emphasis now as we enter the giving season.

Handling the Stress of Thanksgiving Air Travel

Do you plan on traveling over the Thanksgiving holiday? You’re not alone, as Airlines for America has projected 24.6 million passengers will travel globally on U.S. airlines during the 12-day Thanksgiving travel period.

Building Innovation Networks

This Learning Lab was presented at the Back End of Innovation 2014 Conference, by Ayelet Baron, Futurist, Simplifying Work and Innovator in Residence, Roche/Genentech.

Resilience Gives Us Ability to Endure

It was the night of the Cub Scout Blue and Gold Banquet. The contest that year at the dinner was cake decorating, the theme was sports. Each Den, as those small groups of Scouts are called, was required to decorate a cake for the contest with no outside help.

TENNESSEE LEDGER
Nashville Edition

Hillsboro High Land Sale: New School, Big Profit

Merritt Rowe knows her children will never personally benefit from any changes to Hillsboro High School in Green Hills, but as the parent of two current students and another starting next year, it is something she is willing to fight for and encourages other parents – especially those of future students – to do the same.

School on ‘Nashville Nine’ List

Historic Nashville Inc., a nonprofit devoted to promoting and preserving historic places in Nashville, has placed Hillsboro High School on its annual Nashville Nine list.

Green Hills in Full Boom Despite Traffic Woes

Stephen Graw first moved to Green Hills in 2004 right after college, renting a house with a bunch of buddies from school. Like his neighborhood, he’s done a lot of growing in the last decade and is now a senior advisor at Sperry Van Ness Nashville and on the Chamber West Leadership Council.

Stonewall Jackson's Little Slice of Heaven in Brentwood

“Everybody has to meet his Waterloo,” sings honky-tonk hero Stonewall Jackson in his breakthrough No. 1 hit back in 1959.

Germantown Was Into Mixed-Use Before It Was Cool

Even before Mayor Karl Dean’s announcement that the $60 million ballpark would be constructed in Germantown, the area was flourishing – not to the extent that it is now, but it was experiencing growth and development.

Knoxville Edition

Rogero Talks ‘Smart Growth,’ Democratic Politics

Knoxville Mayor Madeline Rogero became the first woman to hold that office when she won the election in 2011.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

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The Memphis News: Business, politics, and the public interest.