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VOL. TMN-7 | NO. 43 | Saturday, October 18, 2014
Weekly Issue

Time is Now

Grizzlies look for deep run during window of opportunity

For now, the Memphis Grizzlies’ window of opportunity is open.

Grizzlies’ Most Pressing Issue: Gasol’s Future

Our apologies for even addressing this depressing topic before the season starts, but realities are realities.

EMPHASIS Insurance

Long-Term Success

Lipscomb & Pitts celebrates 60 years in business

Insurance products by definition tend to be long-term oriented, providing value over an extended period of time. No surprise, then, that Memphis insurance agency Lipscomb & Pitts, which opened its doors with one employee in 1954, all of a sudden finds itself celebrating 60 years in business.

Regions Insurance Expands in Memphis

The recent expansion of the employee benefits practice of Regions Insurance in Memphis involved the addition of Stuart Zalowitz and Jonathan Frisch, owners of Zalowitz Frisch Benefits Group, along with a team of associates.

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City Hall Opens Enrollment on Changing Health Plan

City of Memphis employees just emerged from the open enrollment period for the still-evolving changes in health insurance benefits for 2015. And city retirees are about to enter their open enrollment period for the same benefits plans that take effect in January.

Editorial: Questions and Candidates for November

The last election of 2014 is underway with early voting across the state and in Shelby County.

THE MEMPHIS NEWS ALMANAC

This week in Memphis history: October 17-23

2013: Standing at the corner of Farrington Street and Hollowell Avenue in Riverside, District Attorney General Amy Weirich announced the city’s first no gang zone aimed at the Riverside Rolling 90s Crips gang.

Exploring Possibilities

Arkansas Delta Flatlander ride features glimpse at future

Just a few weeks before construction is scheduled to begin on the Big River Crossing boardwalk on the Harahan Bridge, bicycle riders will gather in West Memphis for a 100-kilometer bike ride designed to showcase what’s on the other side of the bicycle and pedestrian boardwalk across the Mississippi River.

Wharton, Norris to Speak at Rape Kit Summit

NASHVILLE, Tenn. (AP) – Tennessee Senate Majority Leader Mark Norris and Memphis Mayor A C Wharton Jr. have been invited to speak at a summit in Cleveland, Ohio, next week to discuss the handling of rape kit backlogs.

Shelby County Residential Foreclosures Drop 22 Percent

Foreclosures have been on a consistent downward slope in Shelby County, with newly available figures underscoring the comprehensive nature of the decline.

Developer Focuses on Midtown Corner

Developer Charles S. Ryan is looking to expand his Midtown real estate holdings. For several years Ryan has held discussions with property owners around the intersection of Cooper Street and Central Avenue.

‘Wake-Up Call’

Real estate industry renews focus on safety

Last week, Joel Hobson, broker-owner of Memphis-based Hobson Realtors, posted notes in the workplace and a message on the company’s website notifying clients that they may have to meet sales staff at the office or provide proof of identification.

State Rolls Out New Election App

Just in time for early voting, the Tennessee Secretary of State’s office is out with a Smartphone app that can answer common questions from voters in every election about where they can vote early, the polling place for their election day precinct and directions to it and some of the districts they live in.

Plans for Lakeland Prep Start to Move

Some of the six suburban school systems were already looking ahead to building new schools before they opened for their inaugural year this past August.

Shelby County Building Permits Rise 3.4 Percent

Shelby County’s homebuilding industry showed slight improvement in the third quarter, with builders filing 3.4 percent more permits in the quarter than in the same three-month period a year ago.

Outdoors Celebration

New festival brings Memphians to Shelby Farms

A new Memphis outdoors event kicking off this weekend at Shelby Farms will celebrate the lifestyle of the outdoors and sporting enthusiasts, alongside a set of friendly and competitive off-road races.

Early Voting Opens in Midterm Elections

Early voting opens Wednesday, Oct. 15, across Shelby County as well as Tennessee in the mid-term general elections that are the second most popular election cycle in Shelby County by voter turnout.

Commission Moves Past First Partisan Divide

As quickly as it surfaced, the Shelby County Commission’s first partisan divide of their term of office appeared to subside Monday, Oct. 13.

The Horizon Sells to Mississippi Developer for $13.5 Million

A Mississippi-based developer has acquired the uncompleted Horizon condominium tower overlooking the Mississippi River in Downtown.

Tourette Help

UTHSC clinical study offers hope for Tourette symptoms

In sports talk radio, questions are a good thing. They don’t have to bring solutions, after all, just open the gates to discussion and debate.

Shelby County Mortgage Activity Flat in Third Quarter

The third quarter was a pretty quiet period for mortgage brokers, based on activity during the period and a comparison to what was happening at this time last year.

Garrison Charts New Course for MATA

The new president of the Memphis Area Transit Authority wants more collaboration with groups that have ideas about where the city’s bus system can gain passengers while keeping those riders who depend on the bus system.

Silver Lining

Dramatic decrease in bank sales leads to dip in overall activity

Fueled by a steep drop in bank sales, Shelby County home sales slowed slightly in the third quarter compared to the same three-month period in 2013.

VIA Productions Expands in Memphis

A month after announcing one acquisition, Memphis-based video production company VIA Productions is still pursuing an “aggressive growth strategy,” including staff additions and more acquisitions.

Confusion Rampant on Judicial Selection Issue

The only real controversy locally about the proposed amendment to the Tennessee Constitution on judicial selection is confusion about how the race for Tennessee governor on the same Nov. 4 ballot is connected to the votes on that and three other amendments.

SPORTS

Tigers Look to Johnson to be Floor Maestro

Most of them, the ones that become their college basketball team’s leading scorer or the guy that runs the show from the point, were always obvious talents.

Slive’s Influence Stretches Beyond SEC

What would the NFL be today if Pete Rozelle had never been the league’s commissioner? We might still just be watching pro football on Sunday afternoons.

Locker’s Opportunities to Succeed Slipping Away

Titans coach Ken Whisenhunt says Jake Locker is still his starting quarterback.

UT Who? Vols-Ole Miss Game a Mirror Image of ’69

KNOXVILLE – Bud Ford usually had no problem wearing the orange blazer in his early days as assistant sports information director at the University of Tennessee.

NEWSMAKERS

McManus Joins Patrick Accounting

Michelle McManus, a Memphis native and certified public accountant, has joined Patrick Accounting and Tax Services PLLC as manager. In her new role, McManus will supervise and review the monthly accounting process for a section of clients. She will also prepare and review tax returns and work closely with clients, assisting them with ongoing tax planning.

REAL ESTATE RECAP

Acura of Memphis Owner Buys Dealership, Land

2611 Ridgeway Road, 6055-6085 Acura Cove, Memphis, TN 38119, Sale Amount: $12.4 million -
The owner of Acura of Memphis has paid $12.4 million for the East Memphis dealership and 25 acres of land.

SMALL BUSINESS

Acceleration Sports Gets All Ages Stronger

If personal trainer/performance coach Stacy Peterson could help volleyball players at the Hutchison School, including their own daughters, then maybe she could help them, too.

LOCAL COLUMNISTS

Different Windows, Same Views

THIS MORNING. THIS TOWN. This morning, I woke up in a challenged neighborhood. You know the challenges well.

Promotions and Advanced Opportunities

In the past week, Satya Nadella’s words have been all over the internet, television and newspaper. You may have seen the Microsoft CEO’s original statements, his later retractions or commentary from outsiders.

Choosing Your Own 401(k) Mix

Ray’s take: Recently, we talked about Target Date Mutual Funds and how these preset funds could be an effective tool for your retirement. These funds have a particular mix that changes as you approach your projected retirement date. These can be good as long as you have researched the funds and determined if the “mix” meets your unique retirement goals.

Less Heat, More Light

In a 1912 poem, Ezra Pound wrote, “Winter is icumen in.” Pound’s “Ancient Music” parodies a 13th century Anglo-Saxon poem that begins “Sumer is icumen in” (sic). Hardly a novel idea: “Here comes winter.” Happens every year, no? We want to prepare.

The Psychology Behind Persuasive Headlines

If you are writing lackluster headlines, you are wasting your time developing marketing content that will never be read.

Two Quotes to Inform Your Leadership

This week we heard two expressions we are compelled to share with you, our readers. They are “The Fooling Yourself Theory” and “Don’t mistake my kindness for weakness.”

Bringing Innovation to Innovation

Notes from a keynote by John Kao, BEI 2014, Las Vegas

Does Your Business Need a Fractional CIO?

With the final quarter of the year underway, many small- to mid-size businesses are planning their budgets for 2015, and technological expenses will likely play a role in the process.

TENNESSEE LEDGER
Nashville Edition

Recruiter’s Career Twist

Janet Miller on her jump to Colliers, future of Midstate development

Ask Janet Miller about her remarkable career at the Nashville Area Chamber of Commerce and she’ll likely attribute it to good timing or pass credit onto others.

Ben Little's: Service Station Service in Self-Serve World

The gentle soul who used to get his hair cut by an Everly Father a couple of doors down – and who pumped 100 percent pure gas to keep country immortal Ernest Tubb movin’ on – has enjoyed the last four-plus decades next to what used to be called Hailey’s Shopping Center.

Surging Sales, Prices Reset Reality for Buyers

Last week The Greater Nashville Association of Realtors (GNAR) released the sales information for the area for September, and the numbers were staggering, with sales up 19 percent.

Knoxville Edition

How Bad is Knoxville Crime?

Not as bad as 2 recent reports would have you believe, police say

From murders to burglaries, most of Knoxville’s crime can be attributed to illegal drugs, police say.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 209 209 16,401
MORTGAGES 252 252 18,937
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 393 393 33,519
BANKRUPTCIES 124 124 10,861
BUSINESS LICENSES 57 57 5,255
UTILITY CONNECTIONS 102 102 11,446
MARRIAGE LICENSES 70 70 3,937

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