VOL. 125 | NO. 250 | Monday, December 27, 2010
Downtown Memphis got an early Christmas present in the form of ownership of One Commerce Square officially changing hands in the wake of Pinnacle Airlines Corp. signing a lease at the tower earlier this month.
Commercial market struggles, but year closes on high note
As the commercial real estate market remained soft in 2010, a handful of major deals – including some to close the year – indicated light at the end of the tunnel.
From the high finance of Wall Street to the Main Street banks in Memphis that make loans and collect deposits, no corner of the financial services industry was spared from dramatic changes in 2010.
Three years and 50 houses.
Although most of the Mid-South’s more than 3,000 nonprofit organizations made cost-cutting changes in 2010, many continued to struggle through the challenges of a prolonged economic downturn.
Thursday evening’s special meeting was called by board members who wanted to leave no room for error in the move to a citywide referendum on the charter surrender. A copy of the resolution had already been delivered to the Shelby County Election Commission.
If voters approve a Memphis City Schools charter surrender, Shelby County Commission chairman Sidney Chism wants a quick transition to a new countywide system.
Dr. Warren Johnson went into optometry because he enjoyed helping people on a one-on-one basis.
When a banker asked a business owner about positive cash flow the response was, “Yes, I am positive I have no cash.” Sustaining positive cash flow is the No. 1 problem for small businesses. It has been said the term “undercapitalized small business” is redundant.
Last week, we discussed ways to communicate through art and leverage our city’s cultural assets to provide a unique experience while giving back. As we start to form our resolutions and prepare for the New Year, this week I would like to offer a suggestion that could have profound impact on our community.
THE MEMPHIS NEWS
Retail sales are looking bright this year, a sign that the pendulum of consumer confidence is swinging back in the right direction.
Creating an all new school system from the ground up is the way to go. No transition. No figuring out how to keep the day-to-day operation consistent for kids.
Aperfectly matched duet of sculpture and painting will open the Buckman Performing and Fine Arts Center at St. Mary’s Episcopal School with a new year’s exhibition at the Levy Gallery, where viewers can expect imagery of a physical and metaphorical journey.
“By Jan. 2, there will no vestige of Grace,” said Ben Vaughn.
I don’t know why the Nino Franco Rustico Prosecco is called Rustico – “rustic” – because as Proseccos go it’s among the more elegant.
MEMPHIS (AP) — An appeals court has ruled the federal court in Memphis must reconsider a dismissed lawsuit against a motorcycle helmet manufacturer.
NASHVILLE (AP) – Tennessee traffic fatalities this year already have exceeded those of 2009, reversing a three-year trend.
WASHINGTON (AP) — Economic reports Thursday suggest employers are laying off fewer workers, businesses are ordering more computers and appliances, and consumers are spending more confidently.
WASHINGTON (AP) – The Internal Revenue Service says some taxpayers will have to wait until mid- to lat- February to file their returns due to changes in the law approved by Congress in its lame-duck session.
NEW YORK (AP) — For UPS, it's beginning to look a lot like a normal Christmas.
WASHINGTON (AP) – President Barack Obama will resubmit the failed nomination of a Nobel Prize-winning economist to the Federal Reserve, even though he faces even stronger opposition from the next Congress.