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VOL. 131 | NO. 249 | Thursday, December 15, 2016

New State Education Plan Limits ASD Ability to Take Over Failing Schools

The state of Tennessee is about to change the rules for how the Achievement School District takes over a failing school.

TNReady Report Cards Dip With New Test

Shelby County Schools leaders have a math literacy program that will rollout in phases starting next year. The plan was already in the works before new state test results were released Tuesday, Dec. 13, for school districts across the state.

Snapshots: A Look at Ikea Memphis' 2-Year Journey

From the announcement by former Memphis Mayor A C Wharton on Dec. 16, 2014, to people camping out before the official opening on Wednesday, Dec. 14, the Ikea store in Memphis has been much anticipated. The 271,000-square-foot store at Germantown Parkway and Interstate 40 will be a regional draw, with the next closest Ikea being in Atlanta. It includes, among many features, a 200-seat restaurant and solar array with 4,424 panels.

Analyst: Fred’s May Be in Talks To Sell

Memphis-based pharmacy operator and retailer fred’s Inc. was still keeping quiet at press time about the “pending transaction” that led the company to take the unusual step of declining to allow questions from analysts following its earnings presentation Dec. 8.

Last Word: ASD Changes & TNReady Scores, Fred's For Sale? and Cinnabon & Ikea

The day after the TNReady reports cards for school districts were released, Tennessee Education Commissioner Candice McQueen was in Douglass Wednesday with word of some changes in how the Achievement School District operates.

Local Weather
Currently
Memphis, TN
30.0°F
Fair
Wind: Calm mph
Humidity: 72%

EVENTS

PizzaRev will hold job fairs Thursday, Dec. 15, along with Dec. 19 and Dec. 28, from 10 a.m. to 4 p.m. at its future location near International Paper at 6450 Poplar Ave., suite 119. The fast-casual eatery, which is set to open the first of three Memphis locations in early 2017, will hire roughly 50 crewmembers, including shift leads and supervisors, through these job fairs. Interested applicants can apply in person or visit pleaseapplyonline.com/tennrev to begin the process online.

more events »

Tigers’ Bowl Trip About Getting – and Keeping – That Winning Feeling

The head coach who rebuilt the program, Justin Fuente, had left for Virginia Tech. The star quarterback, Paxton Lynch, was awful in his final game as a Tiger. And it rained … and rained.

Fed Raises Key Interest Rate and Foresees 3 Hikes in 2017

WASHINGTON (AP) – The Federal Reserve has raised a key interest rate in response to a strengthening U.S. economy and expectations of higher inflation, and it foresees three more rate hikes in 2017.

REAL ESTATE RECAP

Village Shops of Forest Hill Sold for $37.1 Million

9155 U.S. Highway 72 , -
A 360,000-square-foot commercial retail center in Germantown was recently purchased by Epic Real Estate Partners acting as EREP Forest Hill I LLC for $37.1 million.

LOCAL COLUMNISTS

Gatlinburg Reopens

I couldn’t believe my eyes late the night of Nov. 28 as I mindlessly scrolled through my Twitter feed and began seeing videos of drivers frantically passing through massive walls of flame shooting skyward along the road.

Fast Food Fun?

In the mid-1970s, Susan and I went into a fast food restaurant. We sat down, and the chair that she sat in – one of those glued-to-the-floor models that was prevalent at that time – just sorta slowly came loose from the floor and fell over. 

Faison’s Folly? Pushing Pot as a Conservative

By just about any measure, state Rep. Jeremy Faison is a hardcore conservative. But when it comes to the cannabis plant, the East Tennessee legislator is ready to fire up the General Assembly with a move to liberalize the state’s pot law.

STATEWIDE

Tennessee Businesses Align Against Possible Anti-LGBT Bills

NASHVILLE, Tenn. (AP) – Almost 200 Tennessee companies are aligning against proposals they fear would encourage discrimination.

REGIONAL NEWS

Opponents Urge Panel to Block Arkansas Ten Commandments Plan

LITTLE ROCK, Ark. (AP) – Opponents of an effort to build a Ten Commandments monument near Arkansas' Capitol are urging a panel to reject the statue, while the lawmaker behind the display says the only decision that remains is where to put it.

ECONOMY

US Retail Sales Barely Rise at Start of Holiday Shopping

WASHINGTON (AP) – Americans increased their retail spending just slightly in November, a possible sign of lackluster holiday shopping.

NATIONAL BUSINESS

Exxon Mobil Names Woods Chairman, CEO to Replace Tillerson

NEW YORK (AP) – Exxon Mobil on Wednesday named Darren Woods as successor to CEO Rex Tillerson, who is leaving the oil giant after being named the next secretary of state.

CONSUMER NEWS

Cuisinart Recalls 8M Food Processors; Broken Blades Reported

STAMFORD, Conn. (AP) – Cuisinart is voluntarily recalling about 8 million food processors after dozens of consumers reported finding pieces of broken blades in their food.

TECHNOLOGY

1 Small Delivery for a Man, 1 Giant Leap for Amazon, Drones

ATLANTA (AP) – Drone delivery has begun.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 128 183 20,949
MORTGAGES 130 174 24,535
FORECLOSURE NOTICES 4 27 8,637
BUILDING PERMITS 163 359 42,696
BANKRUPTCIES 61 116 14,018
BUSINESS LICENSES 24 46 6,447
UTILITY CONNECTIONS 29 85 13,596
MARRIAGE LICENSES 24 47 5,116

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