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VOL. 126 | NO. 240 | Friday, December 9, 2011

Pinnacle Begins Cost, Debt Reduction

Memphis-based Pinnacle Airlines Corp. is in overhaul mode. The regional air carrier’s CEO, Sean Menke, announced Thursday, Dec. 8, that the corporation has hired a consultant and attorneys to “commence a comprehensive program to reduce short- and long-term costs and enhance liquidity.”

‘A Different Place’

City stands out as place where brokers work in friendly competition

In Memphis’ small commercial real estate network, it’s not uncommon for brokers to be on opposite sides of the negotiating table one hour then clinking beers in celebration at Jim’s Place East the next.

Colliers Signs Baker to First Site in Tenn.

Colliers International’s industrial team of Andy Cates, Preston Thomas and Mike Driscoll has inked 63 transactions this year. Here’s a rundown on a flurry of recent deals the trio has brokered.

Commission Fails to Reach Redistricting Consensus

Shelby County Commissioners didn’t have nine votes among them to give final approval Friday, Dec. 9, to any redistricting plan.

Schools Planning Commission Hires Consultant, Sets Budget

Boston Consulting Group has been hired as the consultant to the schools consolidation planning commission and could begin its work as early as Friday, Dec. 9.

Local Weather
Today
Memphis, TN
67°F
Mostly Cloudy
Wind: 13 mph
Humidity: 87%

EVENTS

The Tennessee Minority Development Council will hold a membership luncheon meeting Friday, Dec. 9, from 11:30 a.m. to 1 p.m. at Regions Bank, assembly room one, first floor, 6200 Poplar Ave. For more information or registration, contact Joyce Tabb at 830-8242 or joyce39268@aol.com.

more events »

Memphian Brings Big Experience to ‘Nut ReMix’

Years ago, Charles Riley needed access to dance teachers, technique and facilities. Now international stars are clamoring for access to him.

USPS Cuts Will be Felt in Memphis

The recent set of U.S. Postal Service recommendations for closings would have a larger impact in Memphis than customers waiting two or three days instead of next-day service for letter and package delivery.

Study: Recession Changing Orgs’ Approach to Service

Less funding, increased operational costs and a growing demand for services continue to beleaguer the Mid-South’s nonprofit sector, according to a new report from the Alliance for Nonprofit Excellence.

Weirich and Ross Unopposed At Filing Deadline

Shelby County District Attorney General Amy Weirich appeared to have no opposition in the March GOP primary for the job as the county’s top prosecutor.

GOVERNMENT AGENDA

Shelby County Commission Special Meeting Agenda

The Shelby County Commission will meet Friday, Dec. 9, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for a full agenda.

MEMPHIS STANDOUT

Dewald’s Insurance Brokerage Undergoes Industry Changes

Jack Dewald went to work for his father in 1982 at Agency Services Inc., a full-service life and health brokerage agency his father started in 1962.

LOCAL COLUMNISTS

Memphis – With a Bow On Top

GIVE MEMPHIS TO SOMEBODY YOU LOVE. Put a polar bear and a panda under the tree. But walk them first. You really don’t want all that on the living room rug. Do this yourself; don’t ask Santa. Polar bears make reindeer skittish.

Be Brave, Ask Questions

Editor’s note: Part two in a two-part series. Sometimes the questions we don’t ask are the ones that lead us astray. In part one of this series, we discussed how today’s changing – and challenging – economic times can be a catalyst for nonprofits if we are brave enough to ask questions we might prefer to run from. Here are a few.

SPORTS

’Kings Rely on Diehards And New Fans for Success

Late in the third period of what would be a Mississippi RiverKings victory, right winger Mike Tuomi had control of the puck, and a lot of open ice between him and the net.

Fuente Looks to Turn Tigers Around

The next phase of University of Memphis football officially began Thursday, Dec. 8. That’s when 35-year-old Justin Fuente, co-offensive coordinator at Texas Christian University, told media and fans gathered at an on-campus press conference, “This is going to be Memphis’ team. … I don’t care what school you went to, you live in the city, I want this to be your team.”

Can’t Gripe When Best Teams Reach Title Game

After the final Bowl Championship Series rankings came out and Oklahoma State wasn’t invited to the national title game, the Okie sports columnist did what he had to do.

Battier to Join Heat, Chalmers Waiting to Decide

MIAMI (AP) – Shane Battier will be with the Miami Heat this season. Mario Chalmers is deciding if he'll be there with him.

STATEWIDE

Tennessee Solar Study Says Need to Stay Aggressive

KNOXVILLE (AP) – Tennessee's solar and related industries provide more than 6,400 jobs in a growing green economic sector, but the state needs to stay aggressive in supporting and pursuing the ventures, a report released Thursday shows.

STATE GOVERNMENT

State has New Initiative to Boost Exports

NASHVILLE (AP) – The state has announced an initiative to boost Tennessee exports.

NATIONAL BUSINESS

US Household Wealth Takes Biggest Hit Since 2008

WASHINGTON (AP) – Americans' wealth last summer suffered its biggest quarterly loss in more than two years as stocks, pension funds and home values lost value.

Hiring Outlook Brightens as Jobless Claims Fall

WASHINGTON (AP) – A steady decline in the number of Americans applying for weekly unemployment benefits is the latest signal that the U.S. economy has strengthened and businesses may be poised to step up hiring.

NATIONAL GOVERNMENT

Plan to Boost Employment for Disabled Workers

WASHINGTON (AP) – The Obama administration wants to use the power of government purchasing to help increase the number of disabled people in the workforce, proposing to require federal contractors to set a goal of having disabled workers make up at least 7 percent of their employees.

GOP Blocks Obama Nominee to Head Financial Agency

WASHINGTON (AP) – The battle over the future of a new financial watchdog office escalated Thursday with Senate Republicans blocking confirmation of the man President Barack Obama named to head the office and Obama countering by holding out the possibility of appointing the nominee when Congress is on recess.

GOP Leaders Hope for Agreement on Payroll Tax Cut

WASHINGTON (AP) – The Senate rejected dueling Democratic and Republican plans for extending the Social Security payroll tax on Thursday as partisan skirmishing continued over a cornerstone of President Barack Obama's plan for breathing life back into the American job market.

GOP Faces Uphill Battle on Policy Issues

WASHINGTON (AP) – Conservative flashpoint issues from abortion and abstinence education to President Barack Obama's health care law are the biggest obstacles to Congress completing a massive year-end spending bill next week that would keep the government running through next September.

HEALTH CARE

House Votes to Ban Synthetic Drugs That Mimic Pot

WASHINGTON (AP) – The House voted Thursday to ban synthetic drugs nicknamed "bath salts" and other compounds that mimic marijuana, cocaine and methamphetamines.

TECHNOLOGY

Study: Twitter Users Tough on Republicans, Obama

NEW YORK (AP) – The 2012 presidential contenders have had a rough go of it on Twitter, according to an analysis of the political conversation taking place on the popular social network.

Twitter Simplifies in Bid to Engage More Users

SAN FRANCISCO (AP) – Twitter has redesigned its short messaging service to make it simpler, faster and more personal.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 81 217 5,290
MORTGAGES 94 276 6,985
FORECLOSURE NOTICES 22 72 1,628
BUILDING PERMITS 384 712 12,691
BANKRUPTCIES 66 241 5,541
BUSINESS LICENSES 27 85 2,146
UTILITY CONNECTIONS 52 234 7,292
MARRIAGE LICENSES 10 53 1,511

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