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VOL. 129 | NO. 155 | Monday, August 11, 2014
EMPHASIS Small Business

Business on Wheels

Food truck owners face unique set of issues as numbers increase

When asked once by a reporter whether he’d consider supplementing his business with a food truck like many of his industry peers, the owner of a popular Midtown restaurant was matter-of-fact in his reply.

Cannon Wright Blount Names Wages as Partner

It might be easy to think of Mike Wages’ line of work as involving stone-faced number-crunchers whose main task involves making sure figures line up correctly, as they focus mostly on gathering and presenting data.

Levy Dermatology Celebrates Five Years in Memphis

Dr. Alan Levy owns a 5-year-old dermatology practice in Memphis, and to understand why business is booming for him right now, it helps to consider how medical advances are making it possible for people to live longer lives these days.

Midtown Corner Could See Turnaround

While Midtown as a whole is experiencing a resurgence, two properties at the key intersection of Union Avenue and McLean Boulevard remain vacant, decaying eyesores.

Pressure Builds to Grant More Tax Breaks

The head of the Economic Development Growth Engine organization says there is another side to the controversy over granting property tax abatements through payments-in-lieu-of-taxes that isn’t heard in the current civic discussion about the incentives.

Wharton Reacts to Beale Street Incident

Memphis Mayor A C Wharton Jr. said Monday, Aug. 11, it is “upsetting” that a man found bloodied and unconscious in the Beale Street entertainment district over the weekend wasn’t immediately helped by a group of people on the street.

Shelby County Home Sales, Prices Dip in July

From 2008 to 2012, bank sales – or foreclosure sales – propped up what was an otherwise crumbling real estate market.

Luttrell: Some Changes Coming in Second Term

Shelby County Mayor Mark Luttrell says there will likely be some “tweaks” to his team and its efforts as he prepares to begin his second and final term as the county chief executive.

Nonprofits to Pitch Ideas for GiVE 365 Grants

Three minutes to make their best pitch. That’s what the finalists will have Monday night, Aug. 18, when they compete for Community Foundation of Greater Memphis GiVE 365 grants.

Democratic Divide Widens in Election Results

Democrats have retained their seven-vote majority on the new single-district Shelby County Commission that takes office Sept. 1.

SPORTS

Redbirds' Pham Named PCL Player of the Week

To coin a really corny phrase, he was Phamtastic.

Tigers Athletics Announcer Ray Mullins Dies at 66

Ray Mullins, the public address voice of many University of Memphis athletic teams and the “Mighty Sound of the South,” died on Saturday, Aug. 9. Mullins was 66.

Grizzlies Preseason Schedule Includes Cavs

The Memphis Grizzlies’ eight-game preseason schedule has four games at FedExForum, including Oct. 22 against LeBron James and the Cleveland Cavaliers.

SMALL BUSINESS

New Business Helps Clients Organize Homes, Lives

When Amy Tuggle and her mother, Fran Cutshall, moved to Memphis from St. Louis recently they each decided to make a career change.

LOCAL COLUMNISTS

Why Experts Live in Fear

More trouble has fallen upon companies that tempt the universe with this ego-inflated statement: "We are the experts.” A sizable lack of innovation occurs in the practice of being perceived as experts instead of practicing humility in the workplace.

Examining the Penalty of Leadership

Nearly one hundred years ago, Theodore F. MacManus, working as a copywriter for Cadillac, wrote a brilliant piece on leadership.

NATIONAL BUSINESS

US Productivity Recovers After Steep First-Quarter Fall

WASHINGTON (AP) – U.S. workers were more productive in the April-June quarter and labor costs rose slightly, a sharp turnaround from grim first-quarter figures.

US Wholesale Inventories Rise 0.3 Percent in June

WASHINGTON (AP) – U.S. wholesalers restocked their warehouses at a modest pace in June for a second straight month, a sign they may anticipate slower growth ahead.

McDonald's Sales Hit by China Scandal, US Weakness

NEW YORK (AP) – McDonald's says a global sales figure fell 2.5 percent in July, dragged down by persistent weakness in the U.S. and a food safety scare in China.

A Q&A on Changes Coming to FICO Credit Scores

NEW YORK (AP) – There are changes coming to FICO, a broadly used credit score, that may mean higher credit scores for many consumers. Banks, credit card issuers, auto lenders and other businesses use those scores to decide whether to lend to consumers and how much interest to charge them. A higher score could get you better terms on loans for cars and homes.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 63 269 16,682
MORTGAGES 85 313 21,745
FORECLOSURE NOTICES 0 56 4,322
BUILDING PERMITS 0 209 39,587
BANKRUPTCIES 65 287 15,829
BUSINESS LICENSES 16 67 5,558
UTILITY CONNECTIONS 126 413 23,986
MARRIAGE LICENSES 22 94 5,129

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