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VOL. 126 | NO. 5 | Friday, January 7, 2011

Schools Dispute About To Move Into Court

The move to court has begun in the ongoing standoff between Shelby County’s two public school systems.

Cash Infusion

Texas firm invests in LEDIC to fuel national growth

An El Paso, Texas-based investment firm has bought a “significant stake” in LEDIC Management Group LLC, a move that will enable the Memphis-based third party investment real estate firm to expand its national footprint, implement new technology, and hire additional employees.

New Chapter, Same Story for Edmundson

The “significant stake” Texas-based Hunt Cos. Inc. is making in LEDIC Management Group clearly means it’s a new day for the storied real estate company.

Pacific Logistics Picks Olive Branch for Hub

Pacific Logistics Corp. has signed a lease for its first Memphis-area location, which will serve as a regional hub for the company’s growing shoe and retail business.

Schools Merger Expert Urges Less Panic More Transition Planning

The Nashville attorney considered an expert on school system consolidations in the state told the Shelby County school board Thursday to get ready for an unprecedented transition to merging with Memphis City Schools (MCS), work with MCS officials and expect the transition to take at least a year and a half.

Local Weather
Memphis, TN
A Few Clouds
Wind: Northwest at 9.2 mph
Humidity: 53%


Rotary Club of Memphis Central will meet Friday from 11:45 a.m. to 1 p.m. at The Racquet Club of Memphis, 5111 Sanderlin Ave. Mei Ann Chen, conductor of Memphis Symphony Orchestra, will speak. Cost is free for members and first-time guests and $25 for returning guests and visiting members. For reservations, call Karen Shea at 683-9099.

more events »

City, County Seek to Create Economic ‘EDGE’

Memphis and Shelby County’s two mayors have talked for months about finding a way to give their joint business recruitment and retention efforts an edge.

Book Outlines Morris’ Ideals for Health, Well-Being

Back when Dr. Scott Morris, CEO of the Church Health Center, was a fourth-year medical student on a summer research project in Zimbabwe, he met with a nyanga, or witch doctor, to better understand the relationship between faith and healing.

‘Sun Studio Sessions’ TV Show Embarks on Second Season

Tim Jones studied Memphis music at Indiana University.

Schools Controversy Spotlight Moves From Election Prep

This may be where the dispute between Memphis City Schools and Shelby County Schools goes to court and drags in more political entities.

IT Veto Override Might Not Be Last in County

The Shelby County Commission’s decision to override a rare veto by County Mayor Mark Luttrell may not be the last time the mayor and the commission are likely to clash.

Riley Poised to Lead MAAR Commercial Council in 2011

Ron Riley launched his sales career by selling copiers and printers at Xerox Corp. shortly after receiving his bachelor’s degree in business from the University of Memphis.

A Stand-Up Schools Vote

This school fight is ours to win.

Fundraising Fundamentals

When it comes to raising money for a nonprofit organization or institution the thinking usually goes like this: ‘This is how much money we need; where can we get it?’ If our clients say this, our response is to ask if their fundamentals are in place. By this we mean taking the time to make sure the important work of education, awareness, and involvement has preceded the launch of your fundraising. These are crucial because an educated, aware and involved donor is more likely to make – and continue to make – a gift to your organization.


Governments Honored for Budget Preparation Work

NASHVILLE, Tenn. (AP) — Seventeen local governments and the state of Tennessee have been honored for their budget preparation work.

CEO Named for Health Information Exchange

NASHVILLE, Tenn. (AP) — A chief executive officer has been named for Tennessee's Health Information Exchange.

State Historian Walter Durham Reappointed

NASHVILLE, Tenn. (AP) — Gov. Phil Bredesen has reappointed Walter T. Durham as state historian, a position he has held since 2002.

Four New Tenn. Congressmen Take Seats

JACKSON, Tenn. (AP) — The four new Tennessee U.S. representatives have been sworn in as Congress shifts to Republican control.


Miss. Lawmakers Wrap-Up First Week's Work

JACKSON, Miss. (AP) — Lawmakers are taking a three-day weekend after wrapping up light legislative work on Thursday.

Phillips Announces Run for Miss. Ag Commissioner

JACKSON, Miss. (AP) — Republican Max Phillips has announced his run for agriculture commissioner.

Arkansas' Beebe Says Medicaid Changes Needed

LITTLE ROCK, Ark. (AP) — Gov. Mike Beebe said Thursday that Arkansas needs to look this year at changes to its Medicaid system, including increased tax collections from health care providers, to avoid cuts to essential services provided by the program for the poor, disabled and elderly in 2012.


Psychiatrists Say Stanford Not Competent for Trial

HOUSTON (AP) — Two psychiatrists testified Thursday that former Texas billionaire and financier R. Allen Stanford, who is set to go to trial at the end of the month on charges he bilked investors out of $7 billion in a Ponzi scheme, is not mentally competent to go forward with his case.

December Increase Seals Strong Holiday for Retail

NEW YORK (AP) — Retailers sealed their strongest holiday sales increase since 2006, as a robust November more than offset spending that tapered off in December.

Shoppers Won't Lose Energy in 2011, Economists Say

WASHINGTON (AP) — Shoppers' holiday-season splurge was likely a preview of what's to come in 2011, and economists say it should embolden companies to expand and hire.

Hiring Outlook Brightens as Layoffs Decline

WASHINGTON (AP) — The number of people applying for unemployment benefits over the past month has reached its lowest point since July 2008, raising hopes that hiring is about to accelerate.

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PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762

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