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Editorial Results (free)

1. Clarksville to Vote on Wine Sales in Stores -

Voters in Clarksville, Tenn., will decide in November whether to allow wine to be sold in the city’s supermarkets.

Montgomery County Administrator of Elections Vickie Koelman told The Leaf-Chronicle that enough signatures have been gathered and certified through petitioning to place the wine question on the November ballot in referendum.

2. Paying Attention -

ON MY WATCH. AND YOURS. Mrs. Parker tends her corner of the garden at Trezevant with loving dedication, looking up from her planting and fussing with a gloved wave to Nora and me as we walk by of a morning. A couple of years ago, she presented us with a bag of ginger lily roots. Hers was taking up too much room, and she didn’t want it to spread any more.

3. BuzzFree Mosquito Keeps Properties Free of Pests -

Lisa Thomas was well-aware of how relentless the mosquitoes could be. For several years, her family lived in the Mississippi Delta.

4. Relationship Building Blocks -

When you’re working to turn over a new leaf in your career, you start with the basics: an updated resume, a catchy cover letter, new business cards and a fresh LinkedIn profile. These pieces are requirements of your search, but they’re not where the important work happens. The foundation of a long-term career is built on networking.

5. City Sprouts -

The vacant homes and lots on Jennette Place near Walker Avenue and Mississippi Boulevard in South Memphis began germinating like an urban form of kudzu. They appeared like an invasive species in this proud neighborhood, spreading quickly, choking the life from viable properties and growing into a scourge that at one point seemed impossible to eradicate.

6. The Sweet Spot -

Gary Wilkes usually doesn’t notice the smell at the family business, Wayne’s Candy Co. Inc., unless he has just returned from vacation.

7. Dear Nick -

An open letter to America’s Best Coach …

Dear Nick,

Please forgive me. I doubted. Just for a moment. I said in private conversations and – I can’t believe I did this – on the radio that LSU had a chance.

8. State Leaders Avoid Zero-Emissions Plan -

The Nissan plant in Tennessee that makes the all-electric Leaf stands to benefit from an announcement last week that eight states will work together to dramatically increase the number of zero-emission cars on the nation’s roads.

9. Tennessee Leaders Avoid Zero-Emissions Plan -

The Nissan plant in Tennessee that makes the all-electric Leaf stands to benefit from an announcement last week that eight states will work together to dramatically increase the number of zero-emission cars on the nation’s roads. But Tennessee isn’t among the states signing the agreement, and Republican leaders say they have no plans to do so.

10. Cotton Growers See Bugs, Disease Ahead of Harvest -

LITTLE ROCK, Ark. (AP) – Arkansas cotton growers have watched their costs rise this season as bugs fed from the ground up and a fungus descended from above.

Corynespora leaf spot disease emerged late in the season, crop consultant David Hydrick said Thursday.

11. Longleaf Funds Disappoint in Second Quarter -

The Longleaf Partners family of mutual funds – for which Memphis-based Southeastern Asset Management acts as adviser – had a disappointing second quarter.

Three of the four funds were down for the quarter.

12. Longleaf Funds Underperform in Second Quarter -

The Longleaf Partners family of mutual funds – for which Memphis-based Southeastern Asset Management acts as adviser – had a disappointing second quarter.

Three of the four funds were down for the quarter.

13. Johnny Football Frenzy Knows No Bounds -

HOOVER, Ala. – This being SEC Media Days and him being Johnny Football, the blitz was inevitable. The reigning Heisman Trophy winner, Texas A&M quarterback Johnny Manziel moved from room to room while grown men and women toting microphones, cameras and tape recorders pursued him like so many bad actors fulfilling the clichéd media moment in a made-for-TV movie.

14. Nissan Adds 900 Jobs to Make Rogue at Tennessee Plant -

NASHVILLE (AP) – Nissan is adding 900 jobs to start making the Rogue crossover SUV at its Tennessee plant, the Japanese automaker announced Thursday.

The new jobs are in addition to 800 positions added at the Smyrna plant last year, and will bring total employment at the suburban Nashville facility to more than 7,000. Hiring is already underway, and Rogue production is scheduled to begin this fall.

15. US Auto Sales See Big Gains in May -

DETROIT (AP) – Price cuts at Nissan and strong demand for pickup trucks helped U.S. auto sales rebound in May after a slight dip in April.

General Motors reported its strongest monthly sales since September of 2008. Chrysler, Ford, and Toyota also reported increases. Nissan Motor Co. notched its highest May sales ever after cutting prices on seven popular models early in the month. Only Volkswagen said sales fell compared with May of last year.

16. Greenleaf on Servant Leadership -

This weekend I took the time to reread Robert K. Greenleaf’s essay titled “The Servant as a Leader.” I thought some of the ideas in the essay were worth sharing with you.

After spending 40 years researching management development, Greenleaf came to the conclusion that the command and control authoritarian leadership style so prevalent in American institutions and organizations was an ineffective way to lead people. He then spent the next 26 years of his life helping people understand the basics of what he referred to as servant leadership. In a nutshell, great leaders are servants first. In fact, being a servant and being seen as a servant by those you lead are keys to greatness.

17. Southeastern Forms New Longleaf Fund -

Southeastern Asset Management has launched the Longleaf Partner Global Fund, a new fund that seeks long-term capital growth.

The fund works to achieve its objective by investing largely in U.S. and non-U.S. companies believed to be significantly undervalued. It’s not a diversified fund; it’s generally invested in 15 to 25 companies. The fund also has an unconstrained portfolio, investing in companies of all market capitalizations without limit to geography.

18. Southeastern Forms New Longleaf Fund -

Southeastern Asset Management has launched the Longleaf Partner Global Fund, a new fund that seeks long-term capital growth.

The fund works to achieve its objective by investing largely in U.S. and non-U.S. companies believed to be significantly undervalued.

19. Payne Joins Fulton CPAs as Senior Accountant -

Tarasha Payne has joined Fulton CPAs PLLC as a senior accountant in the areas of taxation, compilation and reviews, and client services. Payne has more than 15 years’ experience in the field and is working toward CPA certification. The announcement comes on the heels of big changes at the accounting firm, including new ownership and a name change from Polsgrove & Fulton. (See The Daily News’ Monday, Dec. 17, edition for more information.)

20. Paragon National Bank Hosts Student Artwork -

Paragon National Bank’s Saddle Creek branch at 7600 Poplar Ave. is showing art pieces from Dogwood Elementary School students through January.

21. Paragon National Bank Hosts Student Artwork -

Paragon National Bank’s Saddle Creek branch at 7600 Poplar Ave. is showing art pieces from Dogwood Elementary School students through January.

22. Nissan to Add Shift, 800 Jobs at Tennessee Plant -

Japanese automaker Nissan Motor Co. announced Friday it will add a third shift at a vehicle assembly plant in Tennessee, adding more than 800 jobs.

23. River Walk Rehab -

What is 2,000 feet long, 30 years old, has 20 cities and can carry a leaf from Cairo, Ill., to the Gulf of Mexico in 40 minutes?

The Mud Island River Walk, a scale model of the Mississippi River, has seen a lot of changes since it opened as the dominant feature of the river park in 1982.

24. Hard Work, Sincerity Keep Albertine Thriving -

When Gary Albertine Sr. got into the real estate business in 1948, an average 1,500-square-foot house sold for about $15,000.

Contracts were one-page long, men dominated the industry and the eastern boundary of Memphis city limits was Goodlett Street. It was a simpler time, when business was based on trust and word of mouth.

25. Scorched Earth -

The daily hustle and bustle of city life makes it easy for Memphians to forget that the urban pocket they call home sits amid one of the nation’s richest agricultural regions, one that’s suffering the economic impact of unusually high temperatures and a nationwide drought.

26. State Rated No. 1 For Automotive Manufacturing -

A national publication ranks Tennessee No. 1 in automotive manufacturing strength for the third straight year.

Business Facilities’ July/August issue cited the state for economic growth potential, job growth, business and education climate, transportation infrastructure, data center hubs and other factors.

27. Another Round -

The revitalization of Overton Square can perhaps be best summed up with a famous quote often attributed to Mark Twain: “History does not repeat itself, but it does rhyme.”

The history of the Midtown entertainment district dates back to late 1970, when T.G.I. Friday’s opened its first franchised location on Madison Avenue near Cooper Street following the passage of a referendum vote allowing liquor by the drink citywide a year prior.

28. Nicest AD In the World Steps Down -

Sixteen years ago R.C. Johnson became the University of Memphis athletic director and he started the tradition of an annual media appreciation luncheon. John Calipari, among others, would have choked on the idea.

29. ‘Second Label’ Double T Red Worth a Try -

Wineries often launch what are called “second labels” to provide consumers with less expensive alternatives to their primary wines. The practice originated in Bordeaux, where estates would bottle wines from younger vines that were deemed inappropriate for their Big Deal wines and sell them at a fraction of the price; it’s also a way of keeping the cash flow healthy. Unfortunately, the great wines of Bordeaux have gotten so expensive that for 2009 one of the second labels costs $450 a bottle. Perhaps that’s a bargain in some other universe.

30. Stock Up On Lovely Rioja From Spain -

Rush right out and buy a few bottles of this wonderfully appealing yet suitably serious example of Rioja, from Spain’s most renowned wine region. Burgo Viejo Reserva 2006, Rioja, was produced by a cooperative established by six families in 1987, since grown to 16 families.

31. Pressure Builds for Civilian Drone Flights at Home -

WASHINGTON (AP) – Heads up: Drones are going mainstream.

Civilian cousins of the unmanned military aircraft that have tracked and killed terrorists in the Middle East and Asia are in demand by police departments, border patrols, power companies, news organizations and others wanting a bird's-eye view that's too impractical or dangerous for conventional planes or helicopters to get.

32. Former CBRE Exec Barton Joins Memphis-Based EdR -

Scott Barton has joined EdR, a student housing real estate investment trust based in Memphis, as vice president of real estate acquisitions.

33. US Auto Sales Rise in January, Led by Chrysler, VW -

DETROIT (AP) – U.S. auto sales are off to a strong start this year, continuing their brisk pace from late 2011.

Chrysler had its best January in four years while Toyota got a boost from its new Camry. Volkswagen, which wants to aggressively expand in the U.S., reported much higher sales. One sour note was GM, where sales fell compared to a strong January a year earlier.

34. ABB CEO: T&B Acquisition Expands Reach -

Memphis-based Thomas & Betts Corp. will become a new global business unit based in Memphis as part of the ABB Group of Zurich.

35. Casey Jones Village Adding Charging Station -

JACKSON, Tenn. (AP) – Electric car owners will soon be able to plug in at a spot known for a different kind of locomotion – Casey Jones Village in Jackson.

36. Education Realty Trust Rebrands, Promotes Key Execs -

Memphis-based Education Realty Trust Inc. has had a busy few months, ending fourth-quarter 2011 with several new properties in hand and starting 2012 by turning over a new leaf entirely – to be more specific, a new name, a new logo, new positions for several key executives and a $28 million acquisition.

37. GrowMemphis to Award Garden Project Grants -

Nonprofit GrowMemphis has teamed up with Memphis Housing and Community Development to grant $5,000 to new community garden projects in 2012. Applications for the grants will be accepted through Jan. 31. New garden projects can apply for as much as $1,500 in equipment and supplies and as much as $1,500 for site improvements.

38. Some Big Taste Found in Small Calif. Winery Cimerone -

The small production wines of Cimerone Vineyards are available in limited quantities in a few states and by mail order only in California, and the winery does not offer a tasting-room. Pretty exclusive stuff, but because of a friendship between owners Roger and Priscilla Higgins and a local wine retailer, some cases of the Cimerone wines can be found in Memphis.

39. GM Willing to Buy Back Volts -

NEW YORK (AP) – General Motors will buy Chevrolet Volts back from any owner who is afraid the electric cars will catch fire, the company's CEO said Thursday.

In an exclusive interview with The Associated Press, CEO Dan Akerson insisted that the cars are safe, but said the company will purchase the Volts because it wants to keep customers happy. Three fires have broken out in Volts after side-impact crash tests done by the federal government.

40. Clarion’s Heathcott Says Respect has Led to Success -

Larry Heathcott, president of Clarion Security LLC, started his business venture in Memphis in 2009 with three accounts. It rapidly ballooned to more than 20 accounts in three states.

41. Back into the Fold -

Before there was South Bluffs, there was French Fort.

Before the Hernando DeSoto Bridge was built and city zoning regulations placed more distance between commercial, industrial and residential areas, this neighborhood by the trio of older Mississippi River bridges south of Downtown survived in one of the most historic and isolated parts of the city.

42. Many Cities Imposing Broad Cuts as Revenue Shrinks -

WASHINGTON (AP) – More than half of U.S. cities have cut staff, canceled construction projects or raised fees this year, according to a report from the National League of Cities that catalogs the vast damage from shrunken property- and income-tax revenue.

43. Shelby Oaks Red Roof Among 143 Sold -

6055 Shelby Oaks Drive
Memphis, TN 38134
Sale Amount: $1.6 million

44. Texas LLC Buys Property at Chelsea/Hollywood -

N3 319 N Hollywood Memphis TN LLC has bought 0.82 acres on the north side of Chelsea Avenue from two sellers for $312,856, filing a $1 million construction loan at the time of purchase.

45. Bartlett Electrician Offers Electric Car-Charging Site -

Above and Beyond Electric Co., one of the first green electrical service companies in Memphis, is taking its green initiative a step further with the installation of a plug-in charging station for electric vehicles.

46. $20M in Improvements On Tap for One Commerce -

Plans for $20 million in tenant improvements are coming right along at One Commerce Square.

Commercial Advisors LLC held a tenant meeting and appreciation lunch Thursday, Aug. 11, in the historic bank lobby, 40 S. Main St. The event was led by Gary Prosterman, president and CEO of Development Services Group and one of the partners in Memphis Commerce Square Partners LLC, the new ownership group of One Commerce.

47. $20M in Improvements on Tap for One Commerce -

Plans for $20 million worth of tenant improvements are coming right along at One Commerce Square.

Commercial Advisors LLC held a tenant meeting and appreciation lunch Thursday, Aug. 11 in the historic bank lobby, 40 S. Main St. The event was led by Gary Prosterman, president and CEO of Development Services Group and one of the partners in Memphis Commerce Square Partners LLC, the new ownership group of One Commerce.

48. Coverage With No Copay Extended to Birth Control -

WASHINGTON (AP) – A half-century after the advent of the pill, the Obama administration on Monday ushered in a change in women's health care potentially as transformative: coverage of birth control as prevention, with no copays.

49. New Mileage Standards Aim for Less Fuel, Pollution -

WASHINGTON (AP) — President Barack Obama and automakers ushered in the largest cut in fuel consumption since the 1970s on Friday with a deal that will save drivers money at the pump and dramatically cut heat-trapping gases coming from tailpipes.

50. Charging Ahead -

A row of four electrical outlets with cords in the Peabody Place garage Downtown are a first for the city’s hospitality industry and retailers in general – charging stations for electric vehicles.

51. White House Considers Big Boost to Fuel Economy -

WASHINGTON (AP) – The Obama administration is telling American automakers that it would like cars and light trucks to average 56.2 miles per gallon by 2025 – a boost to fuel economy that would save consumers money at the pump and help with global warming but drive up the cost of automobiles.

52. New GMs at Murfreesboro, Clarksville Newspapers -

MURFREESBORO, Tenn. (AP) – Michelle Russell has been named general manager of Murfreesboro's The Daily News Journal and Richard Stevens is the new editor/general manager of Clarksville's The Leaf-Chronicle.

53. Small Cars Getting Safer, Insurance Group Says -

DETROIT (AP) – Small cars are getting safer as more models than ever earn the top safety rating from the insurance industry.

The Insurance Institute for Highway Safety said Thursday that 6 of the 13 small cars it most recently tested are top safety picks. They include the 2012 Ford Focus and Honda Civic and the 2011 Hyundai Elantra, Nissan Juke, Lexus CT 200h and Toyota Prius.

54. Nissan Headquarters to Celebrate Earth Day -

FRANKLIN, Tenn. (AP) – Nissan will celebrate Earth Day on Wednesday with what it calls several first-ever employee events at its Nissan Americas headquarters in Franklin.

A media advisory said the activities will include the recycling of electronics and personal papers, plus an environmental fair and wetlands tour.

55. MLGW Unveils Electric Vehicle Charging Stations -

Memphis Light, Gas and Water Division officials Wednesday unveiled a set of 69 proposed sites for stations to charge electric vehicles.

The sites across Shelby County include seven Memphis public libraries as well as the Millington public library and seven MLGW facilities that would add the electric charging stations.

56. Cosmic Coconut to Add Juicy Fare to Memphis Dining Scene -

In a city renowned for pulled pork sandwiches and slow-cooked ribs, opening a vegan juice bar and cafe might seem like an entrepreneurial gamble.

But Ashley Dunn, owner of the Cosmic Coconut, scheduled to open in East Memphis’ Sanderlin Center in April, said she believes now is the perfect time.

57. Hybrid Luxury -

With gas selling at $3 a gallon, the staff at Lexus of Memphis gathered earlier this month for a training session.

The East Memphis dealership had just taken delivery of a first for the luxury carmaker – a five-door hybrid hatchback Lexus. The CT200h is the fifth hybrid Lexus has offered, but the first hybrid car classified as a luxury car that promises to top 40 miles per gallon of gas.

58. Memphis Closer to Electric Vehicle Technology -

Memphis Light, Gas and Water Division should have 10 locations up and running by September for public charging stations for electric vehicles.

And Tennesseans who buy a Nissan Leaf, the all-electric vehicle coming to the market in 2012, will get a free home charging station as part of federal government incentives in six states and Washington as well as state government incentives in Tennessee.

59. GM, Chrysler, Kia Report Big Jan. US Sales Gains -

DETROIT (AP) – U.S. sales of cars and trucks rose in January, a strong start to what the auto industry hopes will be an extension of last year's recovery.

In another good sign, sales to individuals were better than sales to fleet buyers such as rental-car companies, which are far less profitable for automakers

60. Leaf-Blower Manufacturing Moving to Tennessee -

Giant-Vac, a producer of leaf and debris control equipment, is moving manufacturing to Lawrenceburg, Tenn., from Connecticut and could bring in 75 new jobs.

Blake Lay, chief executive officer for InSyte Solutions Inc., which purchased Giant-Vac last year, told the Times Daily in Florence, Ala., that the manufacturing operation and warehouse will move to the old Murray manufacturing plant in Lawrenceburg.

61. Magna Bank CEO Appointed to New Fed Council -

Magna Bank chairman, president and CEO Kirk Bailey has been appointed for a one-year term to a new Community Depository Institutions Advisory Council working with the St. Louis branch of the Federal Reserve.

62. Change of Pace -

In this buyer’s market, one local homebuilder is responding to customer feedback in a big way – by going small.

After a slow 14 months, construction on Magnolia Homes Inc.’s speculative homes on four lots in Winstead Farm LLC’s Lakeland development is well under way. Out of Winstead’s 77.4 acres and 115 lots, Magnolia has bought 94 lots with plans to acquire more.

63. Longleaf Funds Still Strong -

All three of Southeastern Asset Management’s Longleaf funds – the Partners Fund, the Small-Cap Fund and the International Fund – made “substantial gains” in the third quarter, the Memphis investment firm’s principals wrote in an update to shareholders this month.

64. Wine List Priority for Fleming’s, Luckey -

Think Fleming’s, and you think steaks; think steaks, and you think red wine.

It’s a concept that has built California-based Fleming’s Fine Steakhouse and Wine Bar, from its beginning in 1998, into a chain of 69 locations in 28 states, including stores in Knoxville, Nashville and Memphis.

65. Gov't Looking at 62 mpg Goal for 2025 Autos -

WASHINGTON (AP) – The new cars and trucks sold in 2025 may be required to average 62 miles per gallon as a group, far surpassing the fuel efficiency of current high-mileage stars like the Toyota Prius and Honda Civic hybrids.

66. Andrew Michael Kitchen: Where the South Meets Italy -

One in an occasional series on the signature dishes of local chefs.

It’s appropriate that over the fireplace at Andrew Michael Italian Kitchen hangs a painting of a pig.

67. Museum Spotlights Master Metalsmith -

The current exhibition on display at the Metal Museum shows that bowls aren’t just for eating breakfast and pewter isn’t only for making faucet handles.

This year’s honored Master Metalsmith, Michael Jerry of Santa Fe, N.M., proves that dynamic artistry can be rooted in function.

68. GM CEO: Repayment of Bailout Could Take Years -

DETROIT (AP) — It will take a couple of years for taxpayers to get back the billions they spent bailing out General Motors, but the company has a goal of returning the money, GM's new CEO said Thursday.

69. Youth, Enthusiasm Drive Vietnamese Bistro Owners -

Tommy Bui and Annie Tran grew up in towns only half an hour away from each other in Vietnam, two hours south of Saigon, but they didn’t meet until they were in high school in Memphis. And even then they attended different schools, Overton for Annie and Kingsbury for Tommy. Their families came to Memphis in 1995.

70. Hunt-Phelan Dish Steeped In Tradition – and Butter -

Kjeld Petersen had no intention of “going back into the kitchen” when he and his wife, Melissa, moved to Memphis from Portland, Ore., several years ago.

A well-trained and experienced chef, he was interested in what he perceived as a growing food culture in Memphis and the potential for an Edible Memphis quarterly magazine, part of the national Edible Communities Publications. With Melissa Petersen as editor, the magazine was launched in the summer of 2007.

71. Big Tobacco Cutting Contracts with US Farmers -

CYNTHIANA, Ky. (AP) - After years of faithfully supplying leaf to tobacco giant Philip Morris International, farmer Jess Burrier received a postcard, thanking him for his contributions and telling him his service wasn't needed this year.

72. Administration Releases New Fuel Efficiency Rules -

WASHINGTON (AP) - The Obama administration set tougher gas mileage standards for new cars and trucks Thursday, spurring the next generation of fuel-sipping gas-electric hybrids, efficient engines and electric cars.

73. Felicia Suzanne’s Signature Dish Sets Restaurant Apart -

One in an occassional series on the signature dishes of local chefs.

The spaciousness and sensible layout of the kitchen at Felicia Suzanne’s is enough to make most restaurant chefs murderously envious. There's even an office and a window to the outside.

74. Life or Death for The MED -

A hand as tiny as a budding leaf punched at the air inside a baby incubator.

Kelley Smith, the head nurse of the neonatal intensive care unit at The Regional Medical Center at Memphis, checked on the little fighter.

75. Energy Secretary Announces Nissan Loan Closing -

The U.S. Department of Energy has closed a $1.4 billion loan agreement with Nissan North America Inc., a transaction the automaker said will eventually create up to 1,300 jobs at its Smyrna assembly complex to make the all-electric Leaf and lithium-ion battery packs to power it.

76. No Scrimping on Christmas Trees This Year -

NASHVILLE, Tenn. (AP) - Some families may be cutting back on expensive Christmas gifts under the tree this year, but they aren't settling for a limp Charlie Brown sapling for the holidays.

77. Furniture Designer Opens First Outlet Store in Memphis -

Mid-South shoppers can now buy at discount prices the intricately crafted furniture Amy Howard creates for dignitaries, celebrities and five-star hotels.

78. Bill Allocates $100M For Tenn. Military Facilities -

CLARKSVILLE, Tenn. (AP) – More than $100 million could be coming to Tennessee under a spending bill for veterans programs and military construction projects approved by the Senate.

A bulk of the funds – $83 million – is slated to go to improvements at Fort Campbell, on the Tennessee-Kentucky state line. The bill, which passed the U.S. Senate Tuesday night, must be signed by the president.

79. Annual State Conference on Insects Under Way -

NASHVILLE, Tenn. (AP) - Top scientists in the state who specialize in studying insects are gathered for their annual meeting.

The 36th meeting of the Tennessee Entomological Society at the Tennessee Department of Agriculture's Ellington Agricultural Center will recognize excellence by veteran professionals and high school students.

80. APME Survey: Newspaper Cuts Clip Younger Workers -

SAN FRANCISCO (AP) - Cost-cutting newspapers are losing many of their youngest reporters, editors and photographers at the same time publishers are trying to break some of their old habits and learn new tricks on the Internet.

81. Paul Stanley's Fall From Grace -

Jim Kyle, a Memphis Democrat who serves as minority leader in the state Senate, gave the first lunchtime address of 2009 to the Memphis Rotary Club.

Rotarians got a bird’s-eye view of the state’s financial picture from Kyle, who described choices needed to close the state’s budget shortfall. Kyle this week announced his candidacy in the 2010 gubernatorial race.

82. Tennessee Joins In Zero-Emission Vehicles Study -

The state of Tennessee has joined four other states in an electric vehicle plan designed to study, develop and implement the use of technologies to support zero-emission vehicles, including electric vehicles.

83. Longleaf Managers Reassure Investors as Bear Market Recedes -

In a letter they sent to shareholders a few days ago, the managers of a family of Memphis-run mutual funds worked to reassure investors their holdings are on track to recover last year’s losses.

The Memphis-based managers of the Longleaf Partners family of mutual funds – who promised, once the Great Recession took hold last year, they would keep a conservative approach as “an anchor against fear” – told shareholders they’re optimistic again. And they are slowly posting the results to back that up.

84. Southeastern Asset Mgmt. Touts Longleaf Funds -

Executives of Southeastern Asset Management in Memphis who manage the Longleaf Partners family of mutual funds sent a glowing letter to shareholders last week touting the second quarter performance of the three Longleaf funds, all of which posted strong numbers in the quarter.

85. University Professor Announces Bid for Tenn. House Seat -

CLARKSVILLE, Tenn. (AP) - An Austin Peay State University assistant professor has announced he will run next year as a Democrat for the seat held by Republican U.S. Rep. Marsha Blackburn.

86. Public Comment Period Open for Constitutional Offices -

Now that Republican lawmakers have grilled several applicants for Tennessee’s state constitutional offices of treasurer, comptroller and secretary of state, legislators are encouraging the public to provide feedback about the candidates and the process.

87. Longleaf Managers See Brighter Days Ahead - Memphians Mason Hawkins and Staley Cates apparently consider themselves “the luckiest managers in the mutual fund world.”

That’s the way they put it in the quarterly report released last week for the Longleaf Partners family of mutual funds they manage. They used those words to describe themselves because they have in large part not been abandoned by shareholders of their funds – even though those funds have taken quite a beating this year.

The Longleaf Partners fund, Longleaf Partners International fund and Longleaf Partners Small-Cap fund each have lost about half their net asset value so far in 2008. To get an idea about the reason for the financial pain, holdings of the trio of funds include FedEx Corp., Sun Microsystems, General Motors and Dell Inc., all of which have troubles of their own.

GM is teetering on the brink of bankruptcy. Stock analyst Keith Schoonmaker said Memphis-based FedEx took a “one-two punch” in 2008 in the form of lower package density combined with increases in jet and diesel fuel prices. Sun – a computer, computer parts and computer software vendor – announced last week it is cutting at least 6,000 jobs.

Fortunate days?

Meanwhile, the managers of the Longleaf Partners funds wrote in their third quarter shareholder update that they are lucky. The reason for their good fortune is they have “loyal and long-term fellow shareholders” who have continued to support the funds even as dark days appear to be on the horizon for the global economy.

“For those with the conviction, fortitude and time horizon to live through this volatility, we firmly believe that their patience will be rewarded,” the fund managers wrote to shareholders.

The quarterly report comes on the heels of a flurry of communication over the past several weeks from the managers of the Longleaf Partners funds who also are executives of the Memphis firm Southeastern Asset Management. Hawkins is chairman and CEO of the firm, and Cates is its president.

The money managers sent a letter to shareholders last month in which they promised a conservative appraisal of the funds’ economic picture as an “anchor against fear.” They arranged a conference call for shareholders on Oct. 7 for which the executives received more than 300 e-mails with questions in anticipation of the conference call.


The Q3 report adds context to the picture and represents a transparent assessment of the funds’ situation from its managers.

Investors are being urged to stay calm. “Some pundits are talking depression and positing that today’s environment is somewhat analogous to the 1930s,” Hawkins told investors during the conference call. “We strongly disagree and believe that such talk is not only irresponsible but is not supported by the facts.”

Among the themes of the Q3 report, Longleaf’s managers assure shareholders they know what the companies in their portfolios are worth and that many of the executives whose companies are included in the portfolios have much of their net worth tied to their own stocks.

As a further show of confidence, each director on the board of directors overseeing the Longleaf funds has much of their wealth tied up in the funds, according to Chicago-based investment research firm Morningstar Inc. The directors have more than $100,000 invested in the funds, and most of them have more than $100,000 in each of the three funds.

The Q3 report is available at the funds’ Web site, www.longleafpartners.com.

“We are confident that the Longleaf portfolios will deliver large returns coming out of the bear market because of the competitive and financial strength of our holdings, the extreme undervaluation of their shares, and the numerous and aggressive share repurchases at these discounted price levels,” the fund managers assured investors in the report.


88. Local Managers Keep Stake In Longleaf Funds -

“When the seas are roughest, a conservative appraisal is our anchor against fear.”

That’s one line from a letter sent to shareholders last month by the Memphis-based managers of the Longleaf Partners family of mutual funds. Its reference to choppy financial waters is an apt metaphor for the group of funds, three of which have taken a beating during the year-to-date period and at times lag the performance of rival funds and the S&P 500 Index.

89. Early Voting Under Way in Tennessee -

NASHVILLE, Tenn. (AP) - Voters took to the polls Wednesday as Tennessee kicked off its two-week early voting period.

About 45 percent of the state's votes were cast early in the last presidential election in 2004, and State Election Coordinator Brook Thompson said this year's percentage could be higher because there are more sites and some counties have expanded hours.

90. Kurita Challenger Plans to Contest Election Result -

CLARKSVILLE, Tenn. (AP) - The primary challenger to state Sen. Rosalind Kurita says he will contest his 19-vote loss in last week's race.

Tim Barnes, who was running as a Democrat, said he had affidavits from at least seven supporters who claimed polling place officials told them they needed to get a Republican ballot in order to vote for him in the Aug. 7 primary.

91. Events -

The Memphis Regional Chamber will host its members-only Leadership Luncheon today from 11:30 a.m. to 1 p.m. at the Holiday Inn-University of Memphis, 3700 Central Ave. My Harrison, FBI special agent, will be the featured speaker. The luncheon costs $25 per member. R.S.V.P. to Ericka Milford at 543-3518 or emilford@memphischamber.com.

92. Events -

The Leadership Bartlett Class of 2008 will graduate today at 6 p.m. at Jim’s Place East, 5560 Shelby Oaks Drive.

The Dixon Gallery and Gardens will host a “Hands-On Leaf Casting Workshop” Friday from 10:30 a.m. to noon at the Dixon, 4339 Park Ave. Gardener Pat Skaggs and the Dixon staff will provide materials and instructions for casting leaves. Participants will return at a later date to pick up the cured castings they make. Bring your own leaf, or leaves will be provided. The cost is $20 for Dixon members or $25 for nonmembers. Pre-registration is required by calling the Dixon at 761-5252.

93. Oakleaf Office BuildingSells for $1.8 Million -      A 14,000-square-foot office building at 699 Oakleaf Office Lane has sold for $1.8 million. An entity called Rosecrest bought the property from Oakwood Professional Building LLC, with the deal closing last week.

94. Dole Recalls Salad MixSold in Tenn., 8 Other States -      A package of Dole salad mix that tested positive for E. coli has triggered a recall in Tennessee and at least eight other states, prompting new produce fears almost exactly a year after a nationwide spinach scare.

95. New Leaf -

Instead of spending their summer break in front of television sets or at the pool, 21 Memphis high school students are learning about the history of the Downtown area, from the yellow fever epidemic of the 1800s to the origins of the Pinch District.

96. Archived Article -

3737 Stage-James Road
Memphis, TN 38128
Sale Amount: $4.6 million

Sale Date: Feb. 15, 2007

Buyer: Heavon Co. LLC (50 percent interest), Eastern Management & Financial LLC (45 percent) and DA Realty Holdings LLC (5 percent)

97. Archived Article: Standout - Tom Needham Memphis Standout

Engineering Professional Earns Industry Honor


The Daily News

When Tom Needham, senior project manager for engineering firm Ellers, Oakley, Chester and Rike Inc., was named Outstanding Engine...

98. Archived Article: Comm Focus - Community

Public art elements connect center to community


The Daily News

When renovation work is finished on the Glenview Community Center sometime next year, residents of the historic Memphis neighborhood wont just be abl...

99. Archived Article: Calendar - Calendar of events April 28-May 4

Calendar of events April 28-May 4

April 28

U.S. District Judge Bernice B. Donald will discuss Striving for Social Change and Equal Justice at 7 p.m. in Rhodes Colleges Blount Auditorium. She presides over t...

100. Archived Article: Calendar - Calendar of events April 21-27

Calendar of events April 21-April 27

April 21

Memphis Investors Group presents Surviving as a Real Estate Investor at 7 p.m. at the Memphis Area Home Builders Association, 776 N. Germantown Parkway. For inform...