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VOL. 133 | NO. 140 | Monday, July 16, 2018

The Week Ahead: July 16-22

Good morning, Memphis! The popular Roundhouse Revival at the Mid-South Coliseum returns this weekend, along with a retro skate night against the scenic backdrop of the Mississippi River at sunset. Check out those events and more happenings you need to know about in The Week Ahead...

FCC Commissioner Tours Baptist eICU to Learn About Telemedicine

It may sound like science fiction, but doctors at Baptist Memorial Health Care Corp. recently saved a patient from becoming paralyzed by essentially Skyping with an infectious diseases specialist.

Youth Villages' New Board Chair, Jimmy Lackie, Believes in the Process

A lot has changed since 1984 when James “Jimmy” D. Lackie first became involved with the forerunner to Youth Villages. Spence Wilson, CEO of Kemmons Wilson, Inc., had asked Lackie to assist on a capital campaign at Dogwood Villages. This was two years before Dogwood merged with Memphis Boys Town to create Youth Villages.

Pastor Dr. James Netters Sr. Receives Spirit of ALSAC Award

ALSAC, the fundraising and awareness organization for St. Jude Children’s Research Hospital, has awarded its annual Spirit of ALSAC award to Dr. James LaVirt Netters Sr., pastor emeritus at Mt. Vernon Baptist Church-Westwood.

Around Memphis: July 16, 2018

The Daily News offers a weekly roundup of Memphis-related headlines from around the web, adding context and new perspectives to the original content we produce on a daily basis. Here are some recent stories worth checking out…

Local Weather
Currently
Memphis, TN
95.0°F
Mostly Cloudy
Wind: Variable at 6.9 mph
Humidity: 51%

EVENTS

The Whitehaven Farmers Market, hosted by Methodist South Hospital, is open Monday, July 16, from noon to 5 p.m. in front of Methodist South’s Medical Office Complex, 1300 Wesley Drive. Shop locally grown fruits and vegetables, then visit the University of Tennessee Extension booth, Farmers’ Market Fresh, for children’s activities, food demonstrations, recipes and more. The market continues Mondays through Sept. 24, except for Sept. 3. For more information, call 901-516-3580.

more events »

Frayser Bauhaus Draws Preview Crowd of 300

The investor developer of a Bauhaus-style home from the late 1940s in Frayser says the area is the “next frontier” in Memphis real estate.

The Memphis News, The Daily News Earn 17 Tennessee Press Association Awards

The Memphis News and The Daily News won a combined 17 awards in the 2018 Tennessee Press Association State Press Contest. The competition is co-sponsored by the University of Tennessee.

REAL ESTATE RECAP

Amazon, Container Store Eye New Locations in Memphis

5155 Citation Dr. -
The Container Store, a national retail brand that specializes in storage and organizational products, is planning a Germanton location near Trader Joe’s.

THE MEMPHIS NEWS

Heat Wave

Inside Memphis’ hot commercial real estate market

After what was a banner year in many ways for Memphis commercial real estate in 2017, projections for this year were bullish. But at the halfway point of 2018, have expectations in the area risen with the temperatures or have they begun to dry out under the sweltering summer heat? 

Editorial: Early-Voting Clash Shows Need for Refresher Course

The ruling by Chancellor JoeDae Jenkins in the early voting lawsuit shows a need for those doing the public’s business to rededicate themselves to being open and transparent.

July 13-19, 2018: This week in Memphis history

2017: Rachel Heck, a 15-year-old rising sophomore at St. Agnes Academy, makes the cut at the U.S. Women’s Golf Open, finishing the tournament at 2-over when she shot even par 72 for a second consecutive day.

LAST WEEK'S MOST POPULAR

Bartlett Victim Shot Multiple Times as He Lay on the Ground in Slaying During Fireworks Show

A 17-year-old fatally wounded on a restaurant parking lot during Bartlett’s fireworks display fell to the ground after the first shot, then the assailant “stood directly over him and unloaded multiple shots,” a witness told Bartlett police.

More Detailed Fairgrounds Plan Includes Smaller Garage, Lower Priced Sports Site

Memphis Mayor Jim Strickland plans to take a more specific $95 million to $100 million plan for Fairgrounds redevelopment to the City Council and Shelby County Commission in two weeks and the state building commission in Nashville in the fall.

Strickland Moves to De-Annex Southwind/Windyke, Rocky Point

Memphis Mayor Jim Strickland says his administration is set to begin the process of de-annexing the Southwind/Windyke area and the Rocky Point area, both in eastern Memphis.

22-Year-Old Going After Piece of $29B Mattress Industry

Starting a mattress company isn’t on the to-do list of most teenagers, but Kayla Duerstock did just that. Duerstock, 22, in May relaunched Revived 365, the company that she started in her teens in hopes of grabbing a piece of the $29 billion mattress industry that has been disrupted by online mattress sales in recent years.

Beale Hotel, South Main Mixed-Use Top Busy Week In Development

It’s a busy week for the city of Memphis when it comes to economic development. The Downtown Memphis Commission has two of its affiliate boards, the Center City Revenue Finance Corp. and the Design Review Board, in action this week, while the Economic Development Growth Engine for Memphis and Shelby County is holding a meeting for its Economic Development Finance Committee.

SPORTS

Cardinals Look for Spark After Manager's Shock Firing

ST. LOUIS (AP) — As the St. Louis Cardinals took stock of their situation a day after the firing of manager Mike Matheny, some players said they bear some responsibility for Matheny's sudden dismissal.

STATEWIDE

Firetruck Maker Oshkosh Plans East Tennessee Expansion

NASHVILLE, Tenn. (AP) – State officials and Oshkosh Corp. say the manufacturer of firetrucks, defense vehicles and concrete mixers plans to create a new facility in East Tennessee.

Tennessee Insurers to Cut Affordable Care Act Premiums

CHATTANOOGA, Tenn. (AP) – Tennessee's biggest health insurers are cutting the premiums for individual plans under the Affordable Care Act's health care exchange market for the first time.

REGIONAL NEWS

Students Write Bill to Open Civil Rights Files

JACKSON, Miss. (AP) – U.S. Sen. Doug Jones introduced a bill this month that would clear the way to open records from civil rights cold cases – a bill written by high school students.

7,000 People Fail to Meet Arkansas Medicaid Work Requirement

LITTLE ROCK, Ark. (AP) – More than 7,000 people on Arkansas' Medicaid expansion didn't meet a requirement that they report at least 80 hours of work in June and face the threat of losing their coverage if they fail to comply sometime before the end of this year, state officials said Friday.

NATIONAL BUSINESS

Papa John's Starts Pulling Founder's Image From Marketing

NEW YORK (AP) – Papa John's, which has featured founder John Schnatter as a spokesman in logos and TV ads, has begun pulling his image from its marketing and pledged to assess its diversity practices in response to his use of a racial slur.

JPMorgan's Profits Rise 18 Percent, Helped By Lower Taxes

NEW YORK (AP) – JPMorgan Chase's second-quarter profits rose by 18 percent from a year ago, as the nation's largest bank by assets and revenue continues to benefit from higher interest rates and a lower tax bill following last year's passage of President Donald Trump's tax law.

US Expected to Become World's Top Oil Producer Next Year

The U.S. has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world's biggest oil producer for the first time in more than four decades.

US ECONOMY

Federal Reserve Projects Further Gradual Hikes in Key Rate

WASHINGTON (AP) – The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth.

MEDICAL NEWS

FDA OKs 1st Drug to Treat Smallpox, in Case of Terror Attack

U.S. regulators Friday approved the first treatment for smallpox – a deadly disease that was wiped out four decades ago – in case the virus is used in a terror attack.

FDA Warns of Fake Gov't Warning Letters Sent to Consumers

WASHINGTON (AP) – U.S. health authorities are alerting consumers to a new scam involving fake government warning letters sent to people who tried to buy medicines online or over the phone.

TECHNOLOGY

Microsoft Raises Alarms About Face Recognition

REDMOND, Wash. (AP) – Microsoft is calling on Congress to regulate the use of facial recognition technology to protect people's privacy and freedom of expression.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 94 494 11,526
MORTGAGES 99 552 13,427
FORECLOSURE NOTICES 0 45 1,858
BUILDING PERMITS 135 926 24,165
BANKRUPTCIES 63 276 7,473
BUSINESS LICENSES 23 106 3,912
UTILITY CONNECTIONS 39 181 4,681
MARRIAGE LICENSES 10 74 2,544

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