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VOL. TMN-6 | NO. 19 | Saturday, May 4, 2013
Weekly Issue

Beyond the Numbers

City, county budget seasons pose new challenges

It’s that time of year again when thick budget books dominate life for those in the Memphis and Shelby County governments.

Editorial: City, County Budgets Need Sustainability

There is always a reason, always a graph or charter that explains why something in a government budget can’t be cut.

THE MEMPHIS NEWS ALMANAC

May 3-9: This Week in Memphis History

1993: J. Terry Steib became the new bishop of the Catholic Diocese of Memphis.

Test Drive

Zipcars begin pilot project in automobile-centric Memphis

When car sharing meets the parking and driving practices of Memphians on the streets of Downtown, the encounter could go so many ways between bad and good.

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International Paper’s Net Earnings Up

Memphis-based International Paper Co. reported net earnings Thursday, May 2, of $318 million for the first quarter of 2013, a $130 million increase from a year ago.

Smith & Nephew Profit Falls 10 Percent

Smith & Nephew PLC said it will start a $300 million share buyback program and buy an Indian orthopedic trauma company, after a first-quarter slump in profit.

Metropolitan Bank Earnings Up 43 Percent

Metropolitan Bank is starting off its fifth year by reporting another quarter of increased earnings – the 14th straight quarter in which that’s happened.

School Board Approached by Suburbs

A new round of talks about the schools merger and municipal school districts is about to begin.

Medical Metrics

Memphis-made VeinViewer increasing patient satisfaction at hospitals

A provision of the Affordable Care Act that ties patient satisfaction to reimbursement has been a boon for medical device maker Christie Medical Holdings Inc.

Siblings Behind Pop-Up Shop Plan

Later this month, three independent retail shops that stretch from Oxford, Miss., to East Memphis will join forces Downtown for a one-day “pop-up shop” event that includes food and music.

Luttrell: County Budget Reaching Cuts Limit

Shelby County Mayor Mark Luttrell refers to county government as “wholesale level government.”

Beale Street Landing Eatery Search Resumes

There were some signs early on that finding a restaurant operator for Beale Street Landing might be difficult.

Harahan Bridge Project Plans Nearing Completion

Design work on the “Main to Main Connector” project is at the halfway point. And the city team overseeing the project is due to complete plans by the end of May to trigger a $15 million appropriation of federal funding in June.

Priced to Rent

More young people hold off on home ownership

Local property management companies like Lubin Property Management LLC and Renshaw Property Management are capitalizing on the trend for young potential homebuyers choosing to rent instead of buy.

Parks Controversy Back to City Council

The committee recommendations are in for new names for three Confederate-themed city parks. And the long-running controversy about the parks is now back to the Memphis City Council.

Tribute Symposium Honors Six Local Women

The Women’s Foundation for a Greater Memphis paid tribute to six local women at a sold-out luncheon of more than 1,600 attendees on Friday, April 26.

Papa Murphy’s Considers 25 New Local Stores

Papa Murphy’s, one of the largest pizza companies in the U.S., is looking to grow its Memphis presence exponentially.

Carlisle Corp. Solidifies Development of Chisca

Paul Morris hesitated when he started organizing the project launch two weeks ago for the renovation and conversion of the old Chisca hotel into an apartment building.

Arts Award

New Ballet Ensemble extends reach with grant

The New Ballet Ensemble and School is a first-time recipient of a grant from the National Endowment for the Arts, money the Midtown-based school is using to create and perform an original dance work.

Kyle, Kelsey Debate Health Care, Government’s Role

State Senate Democratic leader Jim Kyle of Memphis says Republicans in the Tennessee General Assembly are becoming like “Dixiecrats” – the Southern segregationist Democrats in the U.S. Congress in the late 1940s who formed their own party for a time.

Dixon Opens Petit Palais Jewelry Exhibition

A rare display of French jewelry and designs at the Dixon Gallery and Gardens traces the history of jewelry design from the late 17th century to after World War II.

Nonprofits Coping With New Challenges

About 74 percent of Mid-South nonprofit organizations reported increased service demands in 2012, compared with 72 percent a year earlier. But many of those organizations cannot fully meet the demand for increased services because of funding constraints.

Cates Named Commercial Broker of Year

The Memphis Area Association of Realtors Commercial Council honored its most productive members of 2012 at the 12th annual Pinnacle Awards gala, held Thursday, April 25, at the Memphis Country Club.

SPORTS

Grizzlies Flip Script on Clippers Series

A quick rewind, back to those desperate days after the first two games of the Grizzlies-Clippers series in Los Angeles. You remember those days, right? Grizzlies in a 0-2 hole and, in the first game, looking totally outclassed.

Grizzlies Trying to Create Season to Remember

Disappointments past can set up unmitigated joy in the present. At its best, that’s how this whole sports fandom thing works.

MEMPHIS STANDOUT

Harper Finds Newest Adventure at Community Foundation

When Memphis native Ashley Harper graduated from Central High School and left town, it was for the mountains.

MEMPHIS LAW TALK

Coupé Works to Protect City’s Most Vulnerable

As supervising attorney over both the Judge’s Action Center and the Office of Advocate for Noncustodial Parents at Memphis-Shelby County Juvenile Court, Tom Coupé works to ensure that the most vulnerable members of society are being fairly and equally represented.

MEMPHIS NEWSMAKERS

Briglia Joins Archer-Malmo as Web/Broadcast Artist

Kristen Briglia has joined archer-malmo as web/broadcast turbo artist. In her new role, Briglia will produce web graphics, HTML and video-editing services for the growing digital and broadcast departments, and will also help on print projects as needed.

REAL ESTATE RECAP

Virginia Company Buys Poplar Avenue Retail Property

7665 Poplar Ave. Germantown, TN 38138

LOCAL COLUMNISTS

One End to the Other

GET IT TOGETHER. Cooper is on fire. From the cougars in the zoo to the cougars in Alchemy, the viewing is best at feeding time. From the lions at the zoo to the lyonnaise salad at 1912, this is a stretch to strut in.

The No-Growth Rally

Over 200 S&P 500 companies have now reported earnings. While 70 percent or so have beaten expectations, the blended earnings growth rate has basically flat lined. Using revenues as a purer gauge adds little encouragement. Revenues have also flat lined over the last year. Without an uptick in global economic activity or the ability to pass on price increases to customers, US earnings look winded. How can the rally persist without growth?

Consider Norwegian Approach

Ray’s Take Modern Portfolio Theory argues it’s essential to determine the right mix of investments for your portfolio so your level of risk tolerance is balanced with opportunities gained. A portfolio of 60 percent stocks and 40 percent bonds has long been considered a standard.

Please, Please Belize! Part 2

In last week’s column, I told how a guy from another city and state who spends his winters in Belize wound up with a dead ringer for my phone number on a cell phone he bought in that country. Starting with Belize’s country code, 501, being identical to Arkansas’ 501 area code and continuing through each and every one of the last seven digits, “George’s” cell number is identical to my home land line.

Time Management Secrets for Sales Pros

I’ve never met a sales person worth his weight who feels as though he has free time during the workday. Time is definitely a luxury for motivated sales professionals. After all, there are typically infinitely more prospects to call on than we have hours in the day. That’s why the most successful in sales are masters of their schedule, rather than slaves to it.

Nobody Wins the Low Price War

We get asked about pricing all of the time. Usually, the inquisitor is looking for a simple answer but the topic is vastly complex due to the many variables involved.

Data Facts Leading by Example

Last week we highlighted Friends For Life Corp., which is an organization helping people affected by HIV/AIDS to live well. This week let us discuss an important trend in corporate philanthropy and spotlight a local company leading by example.

E-Strategy for Retailers

A couple of weeks ago, my colleague Andy Cates penned an article regarding the impact of e-commerce on distribution and industrial real estate. If you think about it, regardless of the channel you use to buy, the item you purchase still has to get from seller to buyer in some manner. From a distribution perspective, as more people order online rather than shop in retail stores, more distribution is moving to direct-to-consumer and that will have an impact on distribution strategy. So what about the impact from the retail perspective? What is the future of the physical retail store?

A Quick, Cheap Fix for Stress

If you read much about stress, you quickly find out that stress isn’t necessarily a bad thing. The human stress response, or fight-or-flight system, was designed by Mother Nature to be your friend and help you in times of potential trouble. However, if you read on you also learn that, to state it somewhat bluntly, stress can kill you. So there you go; from not being so bad to … it can kill you. That’s not very confusing is it?

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 5,073
MORTGAGES 0 0 6,709
FORECLOSURE NOTICES 0 0 1,556
BUILDING PERMITS 0 0 11,979
BANKRUPTCIES 0 0 5,300
BUSINESS LICENSES 0 0 2,061
UTILITY CONNECTIONS 0 0 7,058
MARRIAGE LICENSES 0 0 1,458

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