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VOL. TMN-6 | NO. 16 | Saturday, April 13, 2013
Weekly Issue

In Need of Relief

Ownership, ballpark issues again surround Redbirds as season opens

Perhaps it is only too appropriate that baseball is played without a clock. For securing the future of the Memphis Redbirds may require extra innings, not to mention extra effort.

Editorial: City Must Say ‘No’ to Ballpark Burden

How many ways should there be to interpret the concept that it is a bad idea for the city of Memphis to buy AutoZone Park, no matter how layered the transaction might be?

EMPHASIS Residential Real Estate

Signs of Life

Home sales, average pricing improve in first quarter of 2013

Home sales activity picked up in the first quarter of this year across the Mid-South, and brokers believe the market recovery is gaining traction.

Reappraisal: Complex but Crucial Event

Anyone who owns property in Shelby County – especially new, recent homebuyers – may be interested in a primer on the local reappraisal process, a major event that happens here every four years and the initial phase of which is wrapping up now.

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Selling Homes Becomes ‘Forever Job’ for Dacus

Ashley Dacus got started as a Realtor in the worst possible economic climate, but with residential sales beginning to show signs of life, her optimism has been renewed.

Marx-Bensdorf Prides Itself on Strong Independent Spirit

A small, boutique real estate agency sees longevity as its strength rather than its worth to larger companies looking for acquisition targets.

THE MEMPHIS NEWS ALMANAC

April 12-18: This Week in Memphis History

2012: The largest solar farm in the state opened in Haywood County along Interstate 40. The West Tennessee Solar Farm has 21,000 solar panels, and its opening in Haywood County came one day after Agricenter International formally opened its solar farm, a 998,400 watt photovoltaic system on five acres.

Mullany Resigns as ServiceMaster CEO

Hank Mullany has resigned as CEO of The ServiceMaster Co. effective Friday, April 12.

Garden Party

Tony Bennett kicks off Live at the Garden concert season

Tony Bennett, Robert Plant and Foreigner are among the top-drawing acts performing at Memphis Botanic Garden during the Live at the Garden 2013 concert season, which kicks off June 1.

Number of Women-Owned Businesses Booming in Tennessee

The number of women-owned businesses in Tennessee has grown faster than the national average over a 16-year period, according to a recent report commissioned by American Express OPEN.

Differences Welcome County Budget Talks

Shelby County Mayor Mark Luttrell isn’t happy that the countywide school board hasn’t sent a budget proposal to the county yet.

Carson Takes Charge of Shelby Democrats

The new chairman of the Shelby County Democratic Party says the 2014 big ballot of county elections will require more than a conclusion that there are more Democrats than Republicans in Shelby County.

Call to Action

Robert F. Kennedy Jr. to address U of M law school graduates

Robert F. Kennedy Jr.’s famous father was a political iconoclast who captured the imagination of voters with stirring assurances in his speeches like, “Each time a man stands up for an ideal, he sends a tiny ripple of hope out into the world.”

Claim Costs Could Rise Dramatically

Medical claims costs could jump 32 percent nationally by 2017 for individual policies under the Affordable Care Act health care law, according to a study released recently by the Society of Actuaries.

Lynch Looks Ahead to Chisca’s Possibilities

When the cast of “Memphis: The Musical” opens its run at The Orpheum Theatre later this month, they will include an extra performance the afternoon of April 26.

Status of Auto Inspection Talks Varies

The state of Tennessee is helping facilitate talks between city and county leaders about the coming deadline.

Shakin’ Up Beale

Jerry Lee Lewis’ Cafe and Honky Tonk set to open

The newest addition to Beale Street is a Memphis music legend. Jerry Lee Lewis, the last living member of the Sun Records’ “Million Dollar Quartet,” is lending his name and personal items to a nightspot at 310 Beale St.

Time Recognizes St. Jude Genome Project

In February, St. Jude Children’s Research Hospital completed a three-year-effort to sequence the genomes of 700 pediatric cancer tumors. It’s the largest project of its kind in the world.

Magna Bank Adds Investment Services

Magna Bank has added investment services to its mix of offerings available for customers.

Motivated by Freshness

Consumer demand for locally grown food spurs farmers market growth

As consumer demand for healthy, locally grown food has increased, farmers markets are cropping up all over Memphis.

Mid-South Transplant Foundation Tops in US

When an organ donor dies in the Mid-South Transplant Foundation’s geographic territory, hospitals are able to procure an average of 4.24 organs per donor.

Commercial Practitioners Have Voice With Council

The Memphis Area Association of Realtors Commercial Council has grown and evolved over the past nine years since its inception, with membership increasing from 150 members in 2004 to more than 350 members this year.

Health Care Challenge

Seminar examines complex issues surrounding Affordable Care Act

To cap off National Public Health Week, The Daily News held an in-depth discussion about health care reform and the daunting task of trying to digest and comprehend the new Affordable Care Act, which encompasses more than 2,800 pages of law and more than 100,000 pages of regulations and rules.

City, County Bill for Klan Rally: $175,585

The cost to the city of Memphis and Shelby County governments for the massive response to a March 30 Ku Klux Klan rally at the Shelby County Courthouse was $175,585.

SPORTS

Grizzlies Clearly Eager for Playoffs to Begin

As the Grizzlies check off the last few days of the NBA’s regular-season calendar, the records continue to pile up.

Tigers Prepare for Life After Black, Thomas

Wading in with some thoughts on several topics, starting with Adonis Thomas and Tarik Black leaving the University of Memphis basketball program:

MEMPHIS STANDOUT

Elmwood’s McCollum Honored to be Part of City’s History

Kim McCollum is at home in the company of Confederate generals, musicians, politicians, murderers and civil rights leaders.

MEMPHIS LAW TALK

Probate Judge Gomes Chose Legal Career to Help Others

It was no joke when, on April 1, Kathleen Gomes was appointed by the Shelby County Commission to take the seat being vacated by retiring Probate Court Judge Robert Benham.

MEMPHIS NEWSMAKERS

CRG2 CEO Singer Named Women’s Biz Enterprise Star

Mary Singer, CEO of CRG2 SustainableSolutions, has been named a 2013 Women’s Business Enterprise Star by the Women’s Business Enterprise National Council. She was chosen by Women’s Business Council South, one of the national organization’s 14 regional partner organizations.

REAL ESTATE RECAP

New York Company Buys Country Squire for $49.2 Million

8056 Country Squire Lane Cordova, TN 38018

SMALL BUSINESS SPOTLIGHT

New School Media Blends Film, Music Into ‘Funky’

In 2007, Sean Faust and business partner Brad Ellis came together with Memphis music icon Doug Easley to create a company offering full-service audio and video recording and mixing services.

LOCAL COLUMNISTS

I’m Lucky to Know Bea

REMARKABLE CONNECTIONS. After last week’s column, Bea dropped me a thoughtful email note as she often does about whatever I’m writing about. My story about Linda Courtney and her son Bill struck a common chord, and Bea wanted to share.

Your Mobile Device: Friend or Foe?

Who is more important: you or a group of your fellow nonprofit volunteers or professionals? What signal are you sending when you direct your attention to your mobile device instead of the group’s discussion? If you believe the work of the organization or institution is unimportant, say so and work with your peers to restructure meetings. If not, give your attention to the business at hand. Each of you has carved out time from your busy schedules to attend the meeting: make the most of it.

Take Time to Budget Your Vacation

Ray’s Take It’s that time when people start looking forward to summer vacations. Unfortunately, all too often, the aftermath of those vacations turns out to be more than just wonderful memories – a blown budget and burdensome debt.

Judge v. Doc – Settled

Something happened recently that cries out for me to get a column from it. I got an email from a friend with a link to a “health column” in a ski resort town newspaper somewhere in these United States. The column’s author was a doctor with a clinic in the ski village.

The Psychology of Pricing

As much as we buyers hate to admit it, we’re emotional creatures, at least when it comes to decision making. We make a decision to buy based on emotional factors first, and afterward seek rational justification for the decision we’ve essentially already made. This same principle applies to how we assess your brand’s price points as well – whether you sell products or services.

Market Power Versus Brute Force

Pushing too hard? Often a rush to hit short-term numbers or an over-caffeinated executive can force some costly mistakes. Failed product launches. A weak but bloated product pipeline. A service in desperate need of reinvention but too entrenched and in love with its own methods too change. A company that charges ahead blindly, carrying dead weight and a dying value proposition to the market. A feature set that doesn’t meet users real needs. Add a bomb from your professional experience here ___.

Absolutely, Positively Memphis

It’s certainly old news to say that the Internet is changing the way we do business today. And most assuredly, we’ve only seen the tip of the iceberg. It’s not so farfetched to imagine a world where virtually everything is delivered, well, virtually. Maybe in the 2060s, the decade in which the futuristic Jetsons cartoon was set. Until then, while eCommerce is having a growing impact on where and how people shop, the fact of the matter is that goods still have to get to the consumer.

St. Jude: Local Resource With Global Impact

Last week we highlighted The Blues Foundation, which is Memphis-based and focused on the past, present and future of the music genre. This week let us spotlight the iconic Memphis institution that is a world leader in the fight against childhood cancer and other deadly diseases: St. Jude Children’s Research Hospital.

The Anatomy of a Habit

As humans, we would have a hard time getting through the day without our strongly ingrained habits. But as you know, some habits produce good results, some produce undesirable results.

New Hearing-Impaired Driver Exemptions

The U.S. Department of Labor reports that there will be a 21 percent increase in the job growth for truck drivers over the next 10 years. Currently, more than 20,000 truck driver positions nationwide go unfilled.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 13,385
MORTGAGES 73 73 17,422
FORECLOSURE NOTICES 32 32 3,423
BUILDING PERMITS 623 623 31,553
BANKRUPTCIES 66 66 12,761
BUSINESS LICENSES 11 11 4,608
UTILITY CONNECTIONS 153 153 19,610
MARRIAGE LICENSES 44 44 4,104

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