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VOL. 127 | NO. 29 | Monday, February 13, 2012

EmergeMemphis Names Mathews As Executive Director

Eric Mathews, long at the center of a variety of tech ventures and entrepreneurship projects in the city, is taking the reins at EmergeMemphis.

SPECIAL EMPHASIS: CONSTRUCTION

Uplifting Project

One-fourth of The Pyramid’s deconstruction is complete, and the project to transform the arena into a Bass Pro Shops superstore by August 2013 is even slightly ahead of schedule.

Equipment Shortage Possible by Mid-Summer

Some local construction companies could be scrambling by summertime in search of heavy equipment like cranes, scissor lifts and backhoes for their projects.

Oxford Immunotec Wants to Bring New U.S. Location to Memphis

Oxford Immunotec Inc., a medical diagnostics company founded in 2002, wants to put its first U.S. location outside of its Massachusetts headquarters in Memphis.

IP Completes Acquisition of Temple-Inland

International Paper Co. has completed the acquisition of Temple-Inland Inc., the Memphis-headquartered company announced Monday, Feb. 13.

Muddy's Bake Shop Inks New Lease on Broad

Muddy’s Bake Shop will soon bring some of its lovin’ from the oven to Binghampton.

Nucor Steel Plans to Expand, Add Jobs

Nucor Steel Memphis Inc. is growing.

Hedgepeth’s Work Intersects With Council Role

A Memphian born and raised, Reid Hedgepeth takes great pride in his city’s institutions, whether they be the tangible of medicine and education, or the more intangible of sports and politics.

County Commission - Luttrell Clash on Urgency of School Transfer Rules

Shelby County Commissioners approved Friday, Feb. 10, a resolution authorizing Shelby County Mayor Mark Luttrell to negotiate with the countywide school board on the terms of a transfer of school buildings in the event suburban municipal school districts are formed.

Jan. Mortgage Volume Up 2 Percent

As the first page was torn off the 2012 calendar, Shelby County’s mortgage market found itself pretty much in the same place as it did during the same period in 2011.

Elmwood Cemetery Launches Education Initiative

Historic Elmwood Cemetery, Memphis’ oldest active cemetery, has started its own “university” to educate Memphians about the lives of the individuals who helped shape a small river town into a modern metropolis.

Testimony to Begin in Fed Drug Case

The first witnesses could testify Monday, Feb. 13, in the federal drug conspiracy, racketeering and murder-for-hire trial of Martin Lewis and Clinton Lewis.

Social Media Compliance at Heart of Seminar

Glen Gilmore won the crowd over within seconds of taking the podium at The Daily News’ social media seminar Thursday, Feb. 9, at the Memphis Brooks Museum of Art.

GOVERNMENT AGENDA

Agenda: City Council Special Mtg. on Annexation

The Memphis City Council meets in special session Tuesday, Feb. 14, at 3:30 p.m. to consider two annexation ordinances. Up for first reading is the Bridgewater annexation. The council has also added second of three readings on the Grays Creek annexation.

SMALL BUSINESS SPOTLIGHT

Client Satisfaction Key To Linkous’ Success

Since its grand opening on May 2, 2010, Highland Church of Christ on Houston Levee Road in Cordova has been a special source of inspiration and promise for congregation member Rusty Linkous, owner and director of business development for Linkous Construction Co. Inc.

LOCAL COLUMNISTS

Sneaky Traffic-Flow Designers

I don’t know much about traffic-light timing. However, I suspect that a mischievous traffic-flow designer might be having fun at the expense of lead-footed drivers in our fair city.

THE MEMPHIS NEWS

Turning Point

2012 set to be a watershed year for e-commerce sales tax debate

In World War II, it was the beaches of Normandy. During the Great Recession, it was the collapse of Lehman Brothers. In Shakespeare's “Hamlet,” it's the reaction of Claudius when he storms out of the play that Hamlet staged in an attempt to guess whether his uncle killed his father.

Fairness Act Offers Sales Tax Solutions

The smallest business with a product or service is being encouraged to think globally in today’s dynamic economy.

U of M Stages ‘Phantom’ for Centennial

The University of Memphis will celebrate its centennial year in part by producing one of the monoliths of modern Broadway musicals, Andrew Lloyd Webber’s “The Phantom of the Opera.”

Not to Put a Damper On Cupid’s Day But ...

And the voice of the curmudgeon is heard in the land!

A Taste Of Sparkling Romance

OK, now that I’ve ruined Valentine’s for everybody, let me toss you a bouquet in the form of the Rosa Regale 2010, produced by Banfi at Acqui in Italy’s Piedmont region. This is, frankly, a truly romantic lightly sparkling wine that’s a winner for après-dinner sipping, especially with delicate desserts based on fresh fruit. Also, Rosa Regale is one of the few wines that actually goes with chocolate, that is, dark or bittersweet chocolate, not milk chocolate.

NATIONAL BUSINESS

Turbo-Traders Take Bank of America for a Ride

NEW YORK (AP) – On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear.

NATIONAL GOVERNMENT

Bernanke: Weak Housing has Hurt Consumer Spending

WASHINGTON (AP) – Ben Bernanke said declines in home prices have forced many Americans to cut back sharply on spending and warned that the trend could continue to weigh on the U.S. economy for years.

Budget Deficit Drops to $27 Billion in January

WASHINGTON (AP) – The federal budget deficit fell sharply in January compared to a year earlier, as an improving economy lifts income tax revenue.

Trade Deficit Widens to $48.8 Billion in December

WASHINGTON (AP) – Monthly U.S. exports to Europe grew in December, a hopeful sign after a steep decline the previous month. But, some economists remain concerned that the region's debt crisis will still weigh on the U.S. economy this year.

Obama Call for Manufacturing Revival a Tough Goal

WASHINGTON (AP) – President Barack Obama is making a strong election-year push for an economic revival "built on American manufacturing." But he faces an uphill slog, with little consensus even within his own party on how to do it.

TECHNOLOGY

Review: Netflix and Hulu's New Scripted Originals

NEW YORK (AP) – Within just over a week, Netflix and Hulu are both debuting their first stabs at original scripted programming.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 224 13,880
MORTGAGES 0 298 18,124
FORECLOSURE NOTICES 0 55 3,560
BUILDING PERMITS 0 430 32,733
BANKRUPTCIES 0 211 13,214
BUSINESS LICENSES 0 68 4,773
UTILITY CONNECTIONS 0 307 20,206
MARRIAGE LICENSES 0 72 4,269

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