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VOL. 126 | NO. 227 | Monday, November 21, 2011

NYT Editor: Financial Crisis is Human Failure

The only applause line Gretchen Morgenson got during her presentation to the Economic Club of Memphis came during a question-and-answer session at the end.

Extraordinary Valor

Author Stanton shares heroic tales with Lipscomb Pitts Breakfast Club

The Lipscomb Pitts Breakfast Club welcomed best-selling author Doug Stanton as its guest speaker for November.

Van Vleet Flats Almost Ready For Occupancy

Over the past decade, Henry Turley Co. has delivered five mixed-use apartment communities on or near Downtown’s South Main Street.

New Memphians Get Taste of Thanksgiving

New Memphian Sia Forleh, who spent three years in Malaysia after fleeing civil war in her native Liberia, enjoyed her first Thanksgiving celebration in Memphis Thursday, Nov. 17, with a group of 200 people that included other refugees from around the world, as well as new American friends and volunteers.

Zimmer Acquires Memphis-Based ExtraOrtho

Memphis-based medical device company ExtraOrtho Inc. has been acquired by Warsaw, Ind.-based Zimmer Holdings Inc.

Local Weather
Today
Memphis, TN
75°F
Cloudy
Wind: 9 mph
Humidity: 84%

EVENTS

The Center for Entrepreneurship and Innovation at the University of Memphis will host “Lunch with an Entrepreneur” Monday, Nov. 21, at noon at the FedEx Institute of Technology, 365 Innovation Blvd. Jason Gillum, president and founder of Millennium Search, will speak. For more information or to register, visit lunchwithanentrepreneur1121.eventbrite.com.

more events »

SMALL BUSINESS SPOTLIGHT

See Main Street Finds Success In Downtown Locale

See Main Street this year is celebrating its five-year anniversary Downtown at 103 S. Main St.

LOCAL COLUMNISTS

Feet on the Street: The Original Social Media

I don’t think there is a small business today that could not find more business by plain old cold-call canvassing of a ZIP code. That used to be the only way of doing it, aside from phoning someone. That is, until email, voice mail texting, smartphones, social media and all the rest removed the person from the process.

We All Play Part in Retaining Talent

Last week we considered an upgrade to Secret Santa 2.0, blending traditional gift giving with a model of pooling resources to make a larger impact in our community. I am happy to report that our company is now operating on the 2.0 platform, so our $10 donations will be pooled together and split between two nonprofits this year.

THE MEMPHIS NEWS

The Road Ahead

Schools consolidation is on the horizon. What’s around the bend?

Even if Shelby County’s two public school systems weren’t consolidating, the two sets of schools would be changing. Add the merger to that and you have a faster moving process with more parts that is no less inevitable and possibly riskier.

Don’t Let Politics Undermine Process

The powers that be made schools consolidation more difficult in their agreed upon settlement when they created a 23-member school board to go with a 21-member consolidation planning commission.

Boychoir’s Angelic Sound Graces Series

They may not be cherubs exactly, but the young singers of the Memphis Boychoir have voices bordering on the divine according to their director.

Something to Chew On: 10 Controversial Policies

If you’re like me, you deep-six tons of email without reading, but I always at least glance at messages from restaurant trade bureaus or advocacy groups because they can be good sources of information and ideas for stories for this column.

Seek Out This Big-Hearted Wine From Southern France

Catherine Le Goeuil was the first grower in the hamlet of Cairanne, France, to farm vines organically, and even in these more enlightened, eco-conscious times, she is still looked upon with suspicion and resentment. Let the foolish rave, because Le Goeuil makes what is perhaps the finest expression of a Côtes-du-Rhônes Villages from this tiny area in the Vaucluse where Cairanne is one of 17 villages whose names are permitted on labels. We’re talking about way down in the South of France.

MEMPHIS AREA

Occupy Memphis, Tea Party Members Meet

MEMPHIS (AP) – Occupy Memphis member Mallory Pope had just finished telling a group of about 75 tea party followers Thursday night that politicians should not allow themselves to be influenced by lobbyists and unions when she received an unexpected invitation.

NATIONAL BUSINESS

Stay Safe While Shopping Online

NEW YORK (AP) – Retailers expect nearly half of all shoppers to make at least one online purchase this holiday season, and more than a third to use the Internet to compare prices or research products.

Treasury Raises $12.2 Million From Warrant Sales

WASHINGTON (AP) – The Treasury Department has raised $12.2 million from the sale of warrants of 17 banks that received government support during the financial crisis. The sales are part of the government's efforts to recoup the costs of the $700 billion financial bailout.

Leading Indicators Rise 0.9 Percent in October

WASHINGTON (AP) – A gauge of future economic activity rose at solid pace in October, offering hope that the economy may see stronger growth in coming months.

UPS Raises Ground and Air Rates 4.9 Percent

ATLANTA (AP)UPS Inc. says it is raising rates for ground and air shipments next year by 4.9 percent. The package shipping company typically announces rate increases in fall for the following year.

Ex-UBS Banker Gets 5 Years' Probation in Tax Case

MIAMI (AP) – A former banker at Swiss giant UBS AG was sentenced Friday to five years' probation and no jail time for tax fraud as a reward for helping U.S. prosecutors build other tax evasion cases.

McDonald's Drops Egg Supplier Over Cruelty Charges

MINNEAPOLIS (AP)McDonald's Corp. said Friday it has dropped a Minnesota-based egg supplier after an animal rights group released an undercover video of operations at the egg producer's farms in three states.

NATIONAL POLITICS

New Deficit Deal Proving Elusive as Deadline Nears

WASHINGTON (AP) – The lead Republican on a special congressional panel indicated Friday no deficit-reduction deal is near, but said lawmakers will work through the weekend in pursuit of one.

House Says No to Mandating Balanced Federal Budget

WASHINGTON (AP) – Rejecting the idea Congress can't control its spending impulses, the House turned back a Republican proposal Friday to amend the Constitution to dam the rising flood of federal red ink. Democrats – and a few GOP lawmakers – said damage from the balanced-budget mandate would outweigh any benefits.

AP Interview: Internet Tax a States' Rights Issue

CHEYENNE, Wyo. (AP) – Before he became a U.S. senator, Mike Enzi ran a shoe store and was mayor of Gillette, in the heart of Wyoming's coal country.

HEALTH CARE

FDA Revokes Approval of Avastin for Breast Cancer

WASHINGTON (AP) – The government delivered a blow to some desperate patients Friday as it ruled the blockbuster drug Avastin should no longer be used to treat advanced breast cancer.

SPORTS

Titans DE Ball Considered Retirement After Concussion

NASHVILLE (AP) – Tennessee Titans defensive end Dave Ball says he briefly considered retirement after his latest concussion two weeks ago against Cincinnati.

TECHNOLOGY

Research Firm: Amazon Tablet Costs $201.70 to Make

NEW YORK (AP) Amazon.com Inc.'s Kindle Fire tablet, which started shipping this week, costs $201.70 to make, a research firm said Friday. That's $2.70 more than Amazon charges for it.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 45 269 13,925
MORTGAGES 99 397 18,223
FORECLOSURE NOTICES 0 55 3,560
BUILDING PERMITS 0 430 32,733
BANKRUPTCIES 74 285 13,288
BUSINESS LICENSES 13 81 4,786
UTILITY CONNECTIONS 148 455 20,354
MARRIAGE LICENSES 24 96 4,293

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