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VOL. 132 | NO. 11 | Monday, January 16, 2017

The Week Ahead: January 17-23

Good morning, Memphis! This is a good week to be inspired, as we honor the legacy of Dr. Martin Luther King Jr. and his courage to motivate and inspire change. Plus, UrbanArt Commission celebrates its 20th anniversary and the Brooks Museum of Art unveils an exhibition sure to make you hoppy – err, happy. Here’s what else you need to know in The Week Ahead...

Grizzlies' Defense Betrays Them in Loss to Bulls

In the first quarter, the Grizzlies allowed 14 points. In the second quarter, they allowed 38. And down the stretch, when their defense had to make stops, the Grizzlies weren’t up to the task.

Rhodes Grows Partnership With NCRM With $600K Grant

The National Civil Rights Museum will be the center of many observances on Monday, Jan. 16, the federal holiday honoring Dr. Martin Luther King Jr.

First Tennessee Parent Closes Book on Solid 2016

First Tennessee Bank’s parent company has closed the book on 2016 with a set of quarterly and full-year results attributable to its top executive’s mantra about sticking to the basics.

Land Use Board Makes Decision on Trio of Controversial Cases

The Shelby County Land Use Control Board met neighborhood opposition head-on Jan. 12, approving one controversial project and voting down two others.

Local Weather
Currently
Memphis, TN
47.0°F
Fair
Wind: North at 13.8 mph
Humidity: 61%

EVENTS

National Civil Rights Museum will remember Dr. Martin Luther King Jr.’s life and legacy Monday, Jan. 16, at its King Day Celebration, with the theme “Come Too Far to Turn Back Now.” The museum will offer reduced admission of $5 during the extended hours of 8 a.m. to 6 p.m. An entertainment stage, health pavilion and children’s activity tent (10 a.m. to 4 p.m.) will be set up outside. Visit civilrightsmuseum.org/king-day for details.

more events »

THE MEMPHIS NEWS

Rerouting Regulations

With new Trump administration, trucking industry has the chance to lobby for changes

With every new administration comes some degree of uncertainty when it comes to federal regulations.

Editorial: Increase the State Gas Tax And Prevent Poaching

Lamar Avenue to the Mississippi state line is arguably one of the most significant 5-mile stretches of road in the country.

January 13-19, 2017: This week in Memphis history

1977: On the front page of The Daily News, the Memphis City Council considers a resolution honoring undercover police officer Joe Hoing for his role in the federal investigation of the Memphis Playgirl strip clubs owned by Art Baldwin of Nashville.

LAST WEEK'S MOST POPULAR

Scenarios Emerge to Keep Booksellers at Laurelwood Going

For sale: One beloved, 32-year-old independent bookstore. Asking price? $800,000. That’s what Booksellers at Laurelwood owner Neil Van Uum says he’d accept to unload the store, days after announcing its impending closure and a liquidation sale that begins on Friday, Jan. 6.

Ugwueke Takes Reins as Methodist Healthcare CEO

Michael Ugwueke’s first day on the job as CEO of Methodist Le Bonheur Healthcare, a post he assumed Jan. 1, included a round of meeting the troops.

Parkside Developers Finish Acquiring Land for Shelby Farms Urban Village

Developers of Parkside at Shelby Farms, a proposed mixed-use project, took another step forward with the purchase nearly 40 acres of vacant property adjacent to Shelby Farms.

New Cordova-Area Brewery Coming Soon

The fact that Ben Pugh and Richie EsQuivel decided to name the brewery they’re developing in Cordova “Meddlesome Brewing Co.” gives at least some indication of the nature of their personalities.

Ossei-Anto Lifts Up Memphis Kids

After graduating from the University of Notre Dame, Theo Ossei-Anto knew he wanted to make a difference in education – but he says coming to Memphis was an unexpected adventure.

Luxury Home Sales Up 13 Percent in 2016

Memphis and Shelby County set several real estate records in 2016, including the highest average home sales price ever recorded. One of the contributing factors, in addition to a 15-year low in the foreclosure rate, was the sale of luxury homes, residential properties valued over $500,000.

TENNESSEE LEGISLATURE

Newly Elected Tennessee Senate Speaker Names Top Staffer

NASHVILLE, Tenn. (AP) – Newly-elected state Senate Speaker Randy McNally isn't wasting much time in reshaping the leadership of his office.

New Tennessee House Rule Requires Lawmaker Travel Disclosure

NASHVILLE, Tenn. (AP) – The state House has adopted a new ethics rule that requires lawmakers to disclose any expense-paid travel out of the state that is valued at more than $100.

Tennessee Lawmaker: No Food Stamps for Ice Cream, Sodas

NASHVILLE, Tenn. (AP) – A Tennessee lawmaker has introduced legislation seeking to ban the use of food stamps to buy items without nutritional value.

Tennessee Lawmakers Face Feb. 9 Deadline to File Bills

NASHVILLE, Tenn. (AP) – Tennessee lawmakers have until Feb. 9 to file legislation they want to have considered during this year's legislative session.

AUTO INDUSTRY

Electric Car Maker Greentech Lays Off Mississippi Workers

JACKSON, Miss. (AP) – Electric car maker GreenTech Automotive has laid off some or all employees at its Mississippi Delta plant.

Takata Agrees to Guilty Plea, Will Pay $1B for Hiding Defect

DETROIT (AP) Takata Corp. has agreed to plead guilty to a single criminal charge and will pay $1 billion in fines and restitution for a years-long scheme to conceal a deadly defect in its automotive air bag inflators.

LEGAL AFFAIRS

Justices Will Hear Venture Capitalist's Appeal Over SEC Fine

WASHINGTON (AP) – The Supreme Court will decide whether venture capitalist Charles Kokesh has to return millions in investor dollars he used to pay himself and other advisers.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 73 155 19,728
MORTGAGES 95 170 23,084
FORECLOSURE NOTICES 41 48 8,352
BUILDING PERMITS 200 338 40,366
BANKRUPTCIES 50 122 13,226
BUSINESS LICENSES 14 23 6,160
UTILITY CONNECTIONS 33 85 13,080
MARRIAGE LICENSES 28 58 4,900

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