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VOL. TMN-7 | NO. 15 | Saturday, April 5, 2014
Weekly Issue

Past, Present, Future

Perspectives on civil rights era changing with time

The weekend before the formal reopening of the National Civil Rights Museum, Dr. Martin Luther King Jr.’s voice could be heard in the museum plaza.

Editorial: Narrative Must Evolve Just as Movement Has

Every April, many of us take time to reflect and make new commitments as well as strengthen our resolve to act in our city on the hard lessons of 1968.

EMPHASIS Residential Real Estate

Market Mystery

Long-term impact of investor activity on housing still unknown

Over the last several years, investors ranging from mom-and-pop shops to large hedge funds have been acquiring single-family homes in Memphis at a historic pace.

MAAR’s New MLS System Designed for Mobile Users

The Memphis Area Association of Realtors had a system that allowed members to access its Multiple Listing Service on mobile devices, but users sometimes had to jump through sizable hoops to connect with the system while in the field.

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Trustee’s Texts Reaching Tardy Taxpayers

Shelby County Trustee David Lenoir has found a new way to reach out and touch someone – specifically, tardy taxpayers.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: April 4-10

2013: The Memphis Soul concert in the East Room of the White House featuring Sam Moore and Justin Timberlake.

Museum Milestone

National Civil Rights Museum begins new chapter

When the National Civil Rights Museum formally reopens Saturday, April 5, it will be with the “breaking” of a ceremonial chain at the new entrance to the building that was once the Lorraine Motel, where Dr. Martin Luther King Jr. was assassinated in 1968.

Steiner Resigns as CEO of GTx

Dr. Mitchell Steiner has resigned effective Thursday from being CEO and vice chairman of GTx, the Memphis-based company he co-founded.

Rape Survivors Go Public in Backlog Lawsuit

The three rape victims who filed a federal lawsuit March 26 against city and county governments over the backlog of 12,000 untested rape kits deliberately wanted their real names used in the lawsuit, their attorney said Wednesday, April 2, as two of the three women talked with reporters about the case.

Restivo Group Moves to New Midtown Digs

The Restivo Group Realtors has expanded into new offices at 1861 Madison Ave. in the landmark Gilmore Building.

Filing Frenzy

Juvenile Court race highlights election deadline

Until Tuesday, no one was running for the District 7 seat on the Shelby County Schools board. No one had pulled a qualifying petition from the Shelby County Election Commission until just two days before the filing deadline for candidates on the August election ballot.

New Partners Sign On to Tennessee Brewery Effort

This weekend, volunteers will return to the Tennessee Brewery property to continue getting it ready for Tennessee Brewery Untapped, a six-week series of community events that will run April 24 through June 1.

Council Displeased With Budget Ideas

This isn’t going to be pretty. Two weeks before Memphis Mayor A C Wharton Jr. takes a budget proposal to the Memphis City Council, council members reacted angrily to how Wharton’s administration set the stage for its definitive recommendations.

Toast Cafe Chain Seeks Memphis Expansion

A breakfast-focused restaurant chain called Toast Cafe, described by its CEO as the “antithesis of a greasy spoon,” is looking to expand into Memphis by opening as many as five stores over the next two to three years.

Council Defers Action on Music Hall of Fame

The Memphis Music Hall of Fame, launched in 2012, would have a home on Beale Street – specifically in the new location of the Hard Rock Cafe at Second and Beale streets –under a $1.2 million proposal that already has some private financial backing.

Change Agents

Healthy Memphis Common Table helps diabetes patients help themselves

Greg Smith was a hard worker. Ran a carpet cleaning crew, didn’t mind putting in 10 or 12 hours a day to get the job done.

Ignite Memphis Doubling Event Capacity

Ignite Memphis, an event at which Memphis creatives give a series of slide-based presentations on a range of diverse topics, sold out its gathering in November.

Campfield Sticks to Goals of Smaller Government

For a decade, state Sen. Stacey Campfield has been unafraid of making headlines.

Bares: EPIcenter Effort Targets ‘Scalability’

It’s all about “scalability” when it comes to creating new businesses in Memphis, and that means creating ones with a reach beyond the city to customers in other places – customers that more often than not are other businesses, not consumers.

Berger Withdraws From Commission Race

In a somewhat abrupt turnaround, Memphis businessman Taylor Berger has decided to withdraw his candidacy for the Shelby County Commission about a month after announcing his intent to run for the District 5 seat.

Mosaic in the Making

South Main art projects foster neighborhood identity

A group of artists soon will be chosen to add something new to the canvas of Downtown’s South Main Historic Arts District.

Brown’s Contempt Hearing Reflects Political Skirmish

Joe Brown’s bid to unseat District Attorney General Amy Weirich in the 2014 elections probably wasn’t supposed to begin this way – in a courtroom dispute with Juvenile Court that has nothing to do with Weirich.

Pittman Brings Love of Memphis to Yelp Role

On a recent lunchtime visit to Mot & Ed’s, the restaurant at 1354 Madison Ave. specializing in Southern food with a popular stuffed burger, Joelle Pittman immediately got the owner’s attention after the owner introduced herself and found out Pittman works for Yelp.

I Choose Memphis: Sehrish Siddiqui

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.

SPORTS

Cardinals Expect ‘Good Things’ to Happen Again

At grantland.com, the writer said the St. Louis Cardinals have even more depth than last year’s team, but then he went on to pick the Los Angeles Dodgers to win the World Series.

Grizz Running in Mud

So the group text came in a little before midnight after the Grizzlies’ horrible excuse for a basketball game at Minnesota against the Timberwolves.

MEMPHIS NEWSMAKERS

Methodist University Hospital Names Liebman New CEO

Jeff Liebman has joined Methodist University Hospital as chief executive officer. In his new role, Liebman said, he will ensure the hospital continues to be a community resource providing the highest possible quality of care to the community while following the guidelines of the Methodist LeBonheur mission.

REAL ESTATE RECAP

Industrial Portfolio Sells for $43 Million

4550 Swinnea Road, 6005 Freeport Ave., 3399 E. Raines Road, Memphis, TN, Sale Amounts: $10.1 million; $14.8 million; $18 million -

SMALL BUSINESS

Tomato Baby Co. Offers Plants and Philosophy

Being “Tomato Girl” isn’t a full time job for Alainia Hagerty. She has a day job that doesn’t involve selling dozens of varieties of tomato plants grown in her Brighton, Tenn., greenhouse.

LOCAL COLUMNISTS

Where There’s Smoke

DON’T WAIT FOR THE FIRE TO FIND THE WATER. Neglect and denial burns in empty buildings and blighted neighborhoods, futures are hazy, moods are dark and the smoke from all of it chokes cities and sends those able to flee to greener ground at the edges, leaving behind a bitter landscape, a smoldering threat.

Going Back to Graduate School

“Should I go back to graduate school?” This is a question many professionals wonder about each day. If you’ve struggled to find a new job in the difficult economy, you may be seriously considering it.

Invest Early For the Best Retirement

Ray’s Take The very best friend a young investor has is time. Someone who puts $4,000 per year into retirement accounts starting at age 22 could have $1 million by age 62, assuming an 8 percent average return. Waiting 10 years to start contributing means you would need to put in $8,800 per year to get the same results.

One and One for the Morrisseys

Robin and Darren Morrissey, wife and husband, finished one and one at the 2014 Clinton School Puzzle Festival. That would be first place in crosswords and first place in Sudoku.

Now Tack!

In sailing, when the wind shifts direction, you must move your sails or risk losing the wind. The first indication of a shifting breeze comes from the telltales, strips of lightweight material attached to the sails that foreshadow a change in conditions. Recently, the market telltales have been active.

Talk Like TED in Your Sales Pitch

TED is a nonprofit committed to spreading ideas in the form of succinct yet powerful talks that are all 18 minutes or less – the ideal length of time to connect with and persuade viewers.

Sustainability is a Win for All

Editor’s Note: This column will appear Tuesdays through April in honor of Sustainability Month for Memphis and Shelby County.

Are You Begging or Fundraising?

Fundraising is a noble profession. As a fundraiser you meet some of the best people around. You provide people with information and opportunities that allow them to pursue things that are important to them: “things” that really can’t be bought. You can’t buy an end to world hunger, gun violence, AIDS or domestic violence: you have to give. When you ask people to give you bring people together with projects, programs and institutions that align with their beliefs. You help people realize some of their highest aspirations.

The Right ROI of Innovation for Your Firm

Innovation as investment is a simple three-step process. First, figure out the risk tolerance level at a firm. Then you can get real with your expectations, roles, resources, and metrics. Second, come up with a mix based on the risk-tolerance level of your culture. Third, formalize the assignment – and kick off all projects with visible executive leadership support. The executive support is critically important.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 153 14,870
MORTGAGES 64 144 19,474
FORECLOSURE NOTICES 0 22 3,817
BUILDING PERMITS 217 359 35,689
BANKRUPTCIES 59 121 14,155
BUSINESS LICENSES 24 86 5,077
UTILITY CONNECTIONS 71 170 21,603
MARRIAGE LICENSES 22 59 4,616

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