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VOL. TMN-6 | NO. 41 | Saturday, October 5, 2013
Weekly Issue

Logistics Limelight

City’s transportation and distribution capabilities on display during Southeast Freight Conference

World-renowned as a logistics and distribution hub, Memphis will further raise its profile this month with events that showcase the city’s transportation assets and standing in the global economy.

Editorial: Logistics Remains Memphis' Bread and Butter

Calling Memphis a “battleground” for cargo may suggest conflict to some looking from the outside into the business of logistics in Memphis.

THE MEMPHIS NEWS ALMANAC

October 4-October 10, 2013: This week in Memphis history

2012: Robert J. Pera, the new majority owner to be of the Memphis Grizzlies was assembling his local partners for the ownership group. The names included NBA and University of Memphis basketball star Anfernees “Penny” Hardaway, pop star Justin Timberlake and former U.S. Rep. Harold Ford Jr.

Crosstown Developers Seek 20-Year PILOT

Developers of the former Sears Crosstown building will seek a 20-year, $41.8 million tax break on the $180 million project from the Center City Revenue Finance Corp. on Thursday, Oct. 10.

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EVENTS

The Booksellers at Laurelwood will host “I’m a Memphian” author Dan Conaway for a discussion and book signing Thursday, Oct. 10, at 6 p.m. at the bookstore, 387 Perkins Road Extended. “I’m a Memphian” is a collection of Conaway’s “Memphasis” columns from The Daily News. Visit thebooksellersatlaurelwood.com.

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Doty Opening Crust & Crumb Nov. 1

Jason Doty, formerly the executive pastry chef and baker for Bluff City Coffee, is opening Crust & Crumb Bakery Nov. 1 at 1620 Madison Ave., inside the Cash Saver grocery that is under renovation now.

Business Lessons

International Paper CEO Talks Leadership Skills

John Faraci answered without hesitation when asked this week about his biggest mistake as a corporate leader.

City Explores Crucial Crosstown Funding

City officials are exploring multiple options for financing $15 million in infrastructure improvements at the Sears Crosstown site, key funding that could make or break the ambitious $175 million project.

Indie Memphis Unveils New Festival Lineup

The lineup for this year’s 16th annual Indie Memphis Film Festival is set.

Office Team Helps Colliers Expand Local Footprint

As a part of the Colliers International office in Memphis’ growth strategy, the brokerage office has been expanding its presence in the office sector over the past year by adding a new office team consisting of Frazier Baker and Will Barden.

Saint Blues Adds New Guitar Models

Thanks to Saint Blues Guitar Workshop, Memphis native and blues guitar player Eric Gales now has a guitar with his name on it.

Community Foundation Awards 15 Nonprofit Grants

The Community Foundation of Greater Memphis has awarded grants totaling $188,500 to 15 area organizations. The Nonprofit Capacity Building grants are meant to help fund the cost of improving operations and increasing efficiency.

Class Project

Woodland breaks ground on school expansion

Woodland Presbyterian School broke ground Monday on phase one of a church and campus overhaul and expansion, a project that will include the construction of a building to be used for seventh- and eighth-grade classrooms and a technology lab.

Memphis Financial Experts ‘Not Worried’ About Shutdown

David Waddell, president and CEO of Memphis-based Waddell & Associates, had a two-word response when asked what financial and economic impact there might be from the current dysfunction in the nation’s capital.

GTx Layoffs Show Drug Market’s Volatility

The layoffs at Memphis-based GTx Inc., announced Tuesday, Oct. 1, came with the resignation of the drug manufacturing company’s chief financial officer and pay cuts for GTx’s top three leaders.

City Pension Crisis Meets Sanitation Overhaul

The city’s looming pension liability crisis and the proposed solution to it intersected Tuesday, Oct. 1, with a plan to overhaul city sanitation services and, in the process, provide a pension supplement to sanitation workers.

Loose Ends Remain in Nineteenth Century Club Case

The still-tentative deal to prevent the demolition of the Nineteenth Century Club building in Midtown has a crucial deadline on Oct. 15 and lots of loose ends before then that involve money and timing.

Social Graces

Etiquette protocol delivers life lessons for Westminster students

For many teenagers, a multicourse meal can cause some consternation.

English Brings New Concept to Midtown

Five years after opening one of the city’s most popular restaurants, Kelly English is preparing to open The Second Line, a more casual restaurant next door to his original eatery, Restaurant Iris.

Belle Forest Community School Makes Debut

Lori Phillips, the principal of the first new school of the new Shelby County Schools, could have had the ribbon-cutting for Belle Forest Community School on the first day of the school year in August.

Shelby Farms Road Reflects New Realities

Eight years ago, environmental groups reached a consensus that a single north-south road through Shelby Farms Park was unavoidable and should be pushed as far west in the park as possible.

New Model Brings Ford Back to Funeral Business

Memphis political icon Harold Ford Sr. is changing careers again. In this case, it is a return to the Ford family business for the 11-term U.S. representative, who has been a Washington consultant and lobbyist since he opted not to seek re-election in 1996.

Eighth Serving

Huey’s prepares to open Germantown restaurant

Huey’s isn’t finished growing in Memphis.

Education Leaders Frame Reforms in Faith Response

The leader of the Memphis Teacher Residency program and the superintendents of Shelby County Schools and the Achievement School District told several hundred people at Second Presbyterian Church this weekend that Memphis’ public education reformation needs less “negativity” and more citizen involvement.

Democrats ‘Roast’ Herenton, Look Ahead to 2014

Divisions within the local Democratic party took a backseat over the weekend as the Shelby County Democratic Party held the first of two large fundraisers for the 2014 election year.

Dunavant Picks Up TCI's Houston, Dallas Operations

Dunavant Transportation Group recently completed the acquisition of the Houston and Dallas operations of Transportation Consultants Inc., a New Orleans-based third-party logistics provider founded in 1983.

Grading System Reflects National Debate

In the ongoing reformation of public education in Shelby County, the 2013-2014 school year has been one of milestones.

Speak Creative Grows With Client Needs

Speak Creative, a Memphis-based Web design and interactive agency, has already added a few people this year to its staff.

SPORTS

Grizz Hope to Extend Honeymoon Period

Marc Gasol got married during the offseason so, naturally, he was asked how he was enjoying married life.

College Football Notebook

College football is played from coast to coast in this great land, but it’s still a small world. The proof? When USC fired head coach Lane Kiffin, who had bolted Tennessee for Southern Cal, assistant Ed Orgeron (Ole Miss head coach from 2005 to 2007) became USC’s interim coach.

Nichols Ready to Back Up Hype

Every player has his favorite spot on the floor, that go-to place where everything seems to slow down, where the player most feels like himself even amid the chaos.

MEMPHIS STANDOUT

Mann Takes on Development Role at Shelby Farms Park Conservancy

Cameron Mann has traded in an office of brick and glass for one of trees and meadow.

MEMPHIS LAW TALK

Coston-Holloway Finds Myriad Ways to Give Back

Joann Coston-Holloway, an associate with Baker, Donelson, Bearman, Caldwell & Berkowitz PC, is Shelby County’s district representative for the Tennessee Bar Association.

MEMPHIS NEWSMAKERS

Chisley Named CEO of Methodist North Hospital

Gyasi C. Chisley has joined Methodist North Hospital as CEO. In his new role, Chisley will lead thousands of associates and aligned and contracted medical staff. He says that as health care transitions from volume to value, his platform is to grow outpatient practices, physicians and services while creating a viable patient-centered environment.

MEMPHIS LAW TALK

Coston-Holloway Finds Myriad Ways to Give Back

Joann Coston-Holloway, an associate with Baker, Donelson, Bearman, Caldwell & Berkowitz PC, is Shelby County’s district representative for the Tennessee Bar Association.

SMALL BUSINESS SPOTLIGHT

Junior Achievement Adds Business Savvy to Education

For Kim Cherry, executive vice president of corporate communications for First Horizon National Corp., a panel discussion with Kemmons Wilson Jr. and Pitt Hyde drove home the rich history of the city’s entrepreneurial spirit.

LOCAL COLUMNISTS

Good Dog

TRICKS YOUR DOG TEACHES YOU. Last weekend, the Lawsons’ church retreat was interrupted by loss. A dog had to be put down – more than a dog – Posey had to be put down. The fact that she had long been failing didn’t make the vet’s call any easier to answer, the drive north from Mississippi’s Camp Bratton Green any shorter. Posey came before the other children, before the move to Memphis, came to be part of everything and everybody for 16 years.

Go Beyond Insight to Foresight

Foresight is better than insight.

Don’t Leave Your Kids a Big Mess

Ray’s Take You may believe your financial records are fairly well organized. However, you could unwittingly be leaving your loved ones a big mess. No one likes to dwell on dying, but one day we’ll all “make the switch,” and a little planning can greatly ease the pain for those left behind.

Roger and Me

Bummer! I drove in from Tulsa a while ago. No big deal that my teammates and I suffered an ignominious defeat on the golf course this morning. No big deal that I opted to not listen to the football game on the radio during the drive home, which might have made the drive seem briefer.

Universal Sales Pitfalls

Second in a two-part series. Sales is a tough profession – an art that can take years of practice to master. That’s perhaps why so many sales professionals struggle to find success, with the Harvard Business Review reporting that 63 percent of salespeople drive down performance versus producing a return on their employer’s investment in them.

A Dose of Fiscal Truth: Important, Not Urgent

I recently received an email from a client asking how in the world the U.S. would overcome its bulging debt pile. There are three parts to this answer.

African-American Philanthropy and Museums, Part 3

Part three of a three-part series The African-American and African Diaspora museums and cultural institutions that have emerged across the United States are a testimony to perseverance. At the same time they, like many other cultural institutions, face many challenges. Nonprofit CEO, capacity building consultant, master strategist and cultural arts worker Grace C. Stanislaus recently shared her perspectives on African-American and African Diaspora giving, philanthropy, and the role of cultural and arts institutions.

The Structural Tension Sales Strategy

I first ran across the term structural tension in a book called “The Path of Least Resistance” by Robert Fritz. Structural tension has to do with the kind of tension that naturally moves things toward some sort of resolution.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 74 312 15,378
MORTGAGES 125 389 20,168
FORECLOSURE NOTICES 0 86 3,972
BUILDING PERMITS 431 872 36,714
BANKRUPTCIES 54 232 14,575
BUSINESS LICENSES 9 64 5,193
UTILITY CONNECTIONS 71 312 22,129
MARRIAGE LICENSES 10 83 4,746

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