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VOL. TMN-5 | NO. 50 | Saturday, December 8, 2012
Weekly Issue
THE MEMPHIS NEWS

Timely Delivery

As busiest day in history nears, FedEx changes course in hopes of saving money

On Dec. 10 FedEx Corp. is expected to have its busiest day in the 40-year history of the global shipping company.

Failures Are Why Public Rejected MATA Funding

Charles Riley is a Memphian breaking new ground in modern dance.

Triumph Bank Reports 15th Straight Profit

Triumph Bank has enjoyed one of the most consistent success stories among Memphis-area community banks.

FedEx Sets Terms for Buyouts

FedEx Corp. took another step Tuesday, Dec. 4, in its reaction to a slow growth global economy as well as its own desires to make major changes to the oldest division of the Memphis-based global corporate giant.

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AutoZone Continues Earnings Streak

AutoZone Inc. reported lower-than-expected sales during its fiscal first quarter ended Nov. 17, partly the result of a warmer-than-expected winter that resulted in less of a need to replace car components because of parts wearing out.

Bright Starry Nights

Annual ‘festival of light’ show brings crowds to Shelby Farms

It’s been in the works for an entire year. More than 130,000 visitors are expected to drive through the Starry Nights holiday light show at Shelby Farms Park this year. And when they do, they’ll see the handiwork of volunteers who have been building dozens of set pieces starting as early as February.

Differences Discussed as Schools Move Ahead

Students and public schools in Shelby County’s six suburban towns and cities are almost certainly going to be part of the consolidated Shelby County public school system that debuts in August.

Real Estate Profession Trends Toward Teams

The residential housing market is recovering, but traditional real estate agents may not be, according to one agent who began at the height of the economic collapse.

Doctors Open New Art Show at Gallery 363

Two Mid-South doctors with an eye for nature photography and exotic locales opened their new art show on South Main Street last week.

MemShop Latest Boon for Overton Square

A year ago, Loeb Properties Inc. was granted the green light from Memphis City Council for the funds necessary to construct a parking lot and detention pond west of Cooper Street – the last component in the more than $30 million public/private partnership to revitalize the once thriving Overton Square district.

Discovering New Paths

Momtrepreneurs creating own ways to business success

In 2009, Charity Helvie, 35, left a successful career in the investment industry to start a home-based business, MadiBella, a custom clothing boutique featuring her handmade children’s clothes and women’s accessories.

Armstrong Unveils Precinct Realignment

There still will be nine Memphis police precincts with the new year. But they will each have six wards, new boundaries and handle something closer to the same amount of calls.

Calls Come to Change Schools Merger Process

As suburban mayors were scheduled to meet this week to talk over their options, the consolidation of all public schools in Shelby County that begins in August began to show signs of a shift.

Commission Approves Legal Fees in Schools Fight

A week after they won a major argument in the federal court fight over municipal school districts, Shelby County Commissioners approved Monday, Dec. 3, an additional $473,549 from its contingency fund to pay its legal fees in the lawsuit.

Label Watchers

Area groups promote food label awareness

Two organizations are combating the area’s obesity crisis and promoting healthier lifestyles by placing an emphasis on food label education.

Le Bonheur Plans Obesity Research Center

Dr. Jon McCullers unveiled plans for a Center for Excellence in Pediatric Obesity at Le Bonheur Children’s Hospital at the recent Healthy Memphis Common Table Let’s Change Summit.

Urban Land Institute: Memphis Recovering Slowly, Behind Nashville

Memphis’ economy and commercial real estate industry is recovering, but not as fast as other places – like Nashville.

Webinar Looks at Employment Law

At least from a regulatory perspective, the fog is starting to lift on what the next several years will bring in the way of employment law changes and updates.

Council Reconsiders Golf Course Closings

Four city golf courses were scheduled to close for the winter season on Dec. 1, with one of the four – Whitehaven – to close permanently.

Renewed Focus

South Memphis Alliance increasing community impact

Reginald Milton calls it the “dirty little secret” of nonprofits whose mission is to provide social services.

Relief Could Be Coming for Low River

Mississippi River water levels approaching historic lows in the Mid-South are expected to rise during the next few weeks due to increased precipitation to the northeast.

Brooks Brothers Relocating to Saddle Creek

High-end clothier chain Brooks Brothers plans to open a new location at The Shops of Saddle Creek West in Germantown.

Google Enables Virtual Tour of Amro Music

Google has extended its Street View technology inside select shops and businesses around the country.

Museum Renovation Brings Sculptor Back to Memphis

Construction sounds coming from a museum can be jarring, even when you know the exhibits are protected or have been moved.

SPORTS

Johnson’s Breakout Game Sparks Resounding Victory

Any metaphorical picture of the Tigers’ Geron Johnson requires that he hold a basketball in one hand and baggage in the other.

Z-Bo Bringing Back His ‘Two Years Ago’ Self

His team had been on his back all night long. Now, with 1:50 left in overtime and the Grizzlies up by five points, Zach Randolph was about to score the last of his 38 points.

SMALL BUSINESS SPOTLIGHT

NAI Saig Well-Positioned for Real Estate Rebound

Commercial real estate is making a strong come back for one Memphis brokerage firm as previously shelved projects come roaring back to life.

REAL ESTATE RECAP

MED Buys East Memphis Land for $3.4 Million

6525 Quince Road Memphis, TN 38119

MEMPHIS NEWSMAKERS

Gammon Joins Methodist in Business Development

Myra Gammon has joined Methodist Le Bonheur Healthcare as a business development account manager for Community Care Associates. In her new role, Gammon is responsible for the development and management of the Occupational Health and Wellness Services program.

MEMPHIS LAW TALK

McGhee’s Career of Service Stretches From Police to Bar

Charles McGhee of Shea Moskovitz & McGhee PLC grew up in a family dedicated to service.

MEMPHIS STANDOUT

Lekhy Brings Fresh Perspective to Convention Center Role

When Nikki Lekhy talks about Memphis, she speaks with the pride and knowledge usually heard in the voices of older residents who have been around for years and witnessed decades of changes.

LOCAL COLUMNISTS

Become Great by Choice

There are those who continually improve their knowledge and skills and have accumulated 30 years experience. And then there are those who simply repeat their initial year of experience 30 times, learning very little along the way.

More Holiday Givebacks

Last week we shared some easy holiday givebacks with The Exchange Club Family Center, SRVS, Shield Inc. and Youth Villages. Keeping the spirit alive, this week let us share more ways you can celebrate the holidays while giving back, at the same time.

Quotes Celebrating Zig Ziglar

Author, motivational speaker and consummate salesman Zig Ziglar died in late November at the age of 86. Heralding from Yazoo City, Miss., Ziglar impacted the lives of salespeople worldwide. His influence was undeniable and his legacy, long lasting. This compilation of “Zigisms” is in celebration of his life’s work. May they bring you inspiration.

The Innovation Process: What’s the Secret Sauce?

Business banter talks a lot about “the process for innovation,” which is usually referenced in the singular and stated definitively, leaving most business leaders scratching their heads. It makes us think that there is one correct process, the secret sauce that top companies have and follow. There are actually thousands of innovation processes, none of which have been quantified or proven to be the most effective. There is no one size fits all.

Fiscal Equality vs. Efficiency

Beneath the “fiscal cliff” debate is a fundamental battle of philosophy. Liberal economics prioritizes equality, while conservative economics prioritizes efficiency. Migration toward either of these polls contains costs and benefits. Below is an excerpt from a tax study of developed nations commissioned by the Paris based OECD:

Is Going Green Worth It?

Ray’s Take No matter what your position on global warming, going green and using fewer natural resources still makes sense. Why not preserve as much quality of the air, water, and earth as possible for our grandchildren? It’s another form of saving for the future. Plus, a lot of times it can save you money as well.

Champ, Don’t Chomp, at Your Bit!

In a recent newspaper article, a basketball coach is quoted: “I think our guys are champing at the bit to get back on the court.” The context was aptly suggested by the lead: “It’s been a long break between games … .” The team hasn’t played in nine days. They’re eager to get back into competition. They are champing at the bit. Congrats, coach! Your usage of the phrase is perfect!

It’s Past Time to Start Over

START. STOP. START SOMETHING NEW. There we were in our shirtsleeves, playing golf on a 70-degree Saturday in December, when my old friend, cart mate and Republican said, “I could get used to this global warming stuff.” Unable to resist the smart-ass opening I had just been provided, I replied, “Must be tough on you guys these days – not only do you have to admit to global warming, you have to throw Grover and the pledge under the elephant.”

Avoid the Year-End Crisis

Part two of a two-part series on year-end fundraising Year-end giving is in full swing. Amid the hustle and bustle of the holidays nonprofits are busy soliciting. Email, direct mail, TV and in-person solicitations are on in full force. Competition for the philanthropic dollar is fierce as organizations seek to encourage our generosity. Our heartstrings are pulled at, and it is easy – and good! – to impulsively give. With just a “click” on a link we can make a difference in no time flat.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 114 332 10,554
MORTGAGES 119 412 13,739
FORECLOSURE NOTICES 12 80 2,724
BUILDING PERMITS 522 915 25,222
BANKRUPTCIES 80 264 10,156
BUSINESS LICENSES 16 78 3,814
UTILITY CONNECTIONS 92 430 14,987
MARRIAGE LICENSES 15 83 3,250

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