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VOL. 127 | NO. 11 | Wednesday, January 18, 2012

Commission Strife Deepens with Censure, Ouster Moves

A deadlock among Shelby County Commission members on a redistricting plan moved into uncharted and roiling political waters Wednesday, Jan. 18, with a censure resolution and a possible move to oust Sidney Chism as chairman of the body.

Billion-Dollar Investment

Private industry makes large contributions to local economy in 2011

2011 was a billion-dollar year for Memphis and Shelby County.

Permits Remain Flat in 2011

Last year’s new home permits filed by local homebuilders were unchanged from the year prior, and inventory continued to deplete due to lack of demand.

Permits Rise 60 Pct. in Q4

Local homebuilders filed 60 percent more new home permits during the fourth quarter compared with the same period last year, but as with 2011’s overall total, there were several underlying factors that created artificially high year-over-year totals.

Suburban Schools Reports Conclude No Cost To Get Buildings

And the first public review of the reports Tuesday, Jan. 17, by the Germantown Mayor and Board of Aldermen indicated the leaders were encouraged by a report that concludes a suburban school district would not have to pay the countywide school system to get buildings within the boundaries of a separate school district they might form.

Local Weather
Memphis, TN
Wind: Calm mph
Humidity: 77%


Talk Shoppe will present “Making Money Domaining, Parking and More” Wednesday, Jan. 18, from 9 a.m. to 10 a.m. at the Better Business Bureau, 3693 Tyndale Drive. For more information, call Jo Garner at 482-0354.

more events »

Full Text of Schools Feasibility Study Reports

Feasibility studies for the creation of a municipal school district have been released for three of six suburban municipalities – Bartlett, Collierville and Germantown. These are the full reports from Southern Educational Strategies LLC.

House Votes to Reinsert Tipton Into Senate Seat

NASHVILLE (AP) – The House has passed a new version of the state Senate redistricting bill that corrects an omission of Tipton County from the Senate plan.

Electrolux Touts Local Contracts

Electrolux North America executives said Tuesday, Jan. 17, the company has awarded $6.3 million of the $15.3 million in contracts so far for construction of its new Memphis plant to local minority-owned firms.

Gulotta: Things ‘Falling Into Place for Millington’

If there’s one thing that’s going on right now in the area of economic development in Memphis and throughout Shelby County, it’s change.

Commission Restarts Redistricting Talks

Shelby County Commission members will start over with their once-a-decade redistricting process Wednesday, Jan. 18, with a committee session and a special meeting of the entire body to pass a plan on the first of three readings.

Carter Aims to Heal Millington City Hall

The new mayor of Millington says she doesn’t plan on changing any faces within City Hall now that Richard Hodges is no longer at the helm.

Health Equity Topic of Luncheon

Healthy Memphis Common Table will host a luncheon focused on the state of health equity in Shelby County Jan. 26 from 11 a.m. to 1 p.m. at the National Civil Rights Museum, 450 Mulberry St.

Haslam: State Committed to Charter Schools

The leader of a charter school company from out of state asked Tennessee Gov. Bill Haslam in Memphis last week if there is anything he and other charter school leaders in the room should know about Memphis City Schools and Shelby County Schools.

Grizz Honor MLK, Get Record to .500

Sometimes the youngest among us say it best. So it was on Monday at FedExForum, where Sherry Knights and her two sons stopped in at the Martin Luther King Jr. Day Sports Legacy Symposium before taking in the game between the Grizzlies and the Chicago Bulls.


Nichols Joins Spirco As Engineering Mgr.

Matthew Nichols has joined Spirco Manufacturing as engineering manager.


Top 2011 Social Media Campaigns

2011 was a banner year for social media marketing as brands large and small began to utilize it proficiently. Four brands in particular executed creative campaigns that generated high levels of targeted consumer engagement.

Quality Check Of 2012 Rally

Rally Quality Check So far, 2012 has struck a bullish tone. However, we should look beyond the pop indices and examine the supporting evidence to determine the quality of the current rally. This column should make you more qualified to translate the “Market Data” page of the WSJ’s Money and Investing section. Let’s take a quick tour and highlight the quality indicators with context. Once you have completed this, you will have earned your rally inspector merit badge.


Tenn. Lottery Head Likes Powerball Changes

NASHVILLE (AP) – The head of the Tennessee Lottery says players in the state will like changes to the Powerball game because of the larger jackpots.


Tenn. Senate to Redo Redistricting After Omission

NASHVILLE (AP) – Thought Tennessee's arduous redistricting process was over? Not so fast.

Harwell Opposes Changes to Tenn. Open Meetings Law

NASHVILLE (AP) – House Speaker Beth Harwell has voiced opposition to efforts to water down Tennessee's open meetings law and has called on a Republican colleague to drop a bill seeking to make changes to the current rules.

Tenn. GOP Leaders Seek to Avoid Legislative Lull

NASHVILLE (AP) – With the prickly issue of redistricting now complete, the lobbyists have returned to the halls of the legislative office complex and lawmakers are ready to get down to business.


Company Completes Purchase of Ark. Ice Cream Maker

LITTLE ROCK, Ark. (AP) – A Chicago snack food supplier has completed acquisition of an Arkansas ice cream maker and plans to make its products available to retailers across the state.


Big Banks Must Show Break-Up ‘Living Wills’ Under New Rule

WASHINGTON (AP) – The largest banks must show how they would break up their assets if they were in danger of failing, under a rule approved Tuesday, Jan. 17.


Obama Names Zients as Acting Budget Chief

WASHINGTON (AP) – President Barack Obama on Tuesday named Jeffrey Zients as his acting budget chief but held off on nominating him for the permanent job, avoiding a tough election-year battle with Senate Republicans.

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PROPERTY SALES 90 140 15,764
MORTGAGES 100 162 18,210
BUILDING PERMITS 194 315 32,829
BANKRUPTCIES 57 116 10,129

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