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VOL. 133 | NO. 67 | Tuesday, April 3, 2018

EDGE Sets Date to Vote on Graceland Expansion Plans

The Economic Development Growth Engine board has set a date to vote on Elvis Presley Enterprises’ Graceland expansion plans.

County Commission Approves Contract Moratorium

Shelby County commissioners approved a moratorium Monday, April 2, on all county contracts and budget amendments worth more than $50,000 through the end of August.

Holder: After King, Political System is 'Far From Fair'

Former U.S. Attorney General Eric Holder told a University of Memphis and National Civil Rights Museum symposium Monday, April 2, that Dr. Martin Luther King Jr. helped create “a new country” in 39 years of life but that “it is necessary to be indignant and be impatient” 50 years after King’s death.

EMPHASIS Economic Development

Stock Market Grocery Spurs Interest In Lakeland’s Lake District Project

After more than a decade of preparation, The Lake District multiuse development in Lakeland is seeing some concrete progress. In fact, the developer, Los Angeles-based Gilad Development Inc., has signed its first tenant to the location on the southeast corner of the intersection of I-40 and Canada Road.

Local Weather
Currently
Memphis, TN
89.0°F
Partly Cloudy
Wind: Southwest at 6.9 mph
Humidity: 63%

EVENTS

The American Federation of State, County and Municipal Employees holds the I AM 2018 “Mountaintop” Speech Commemoration Tuesday, April 3, from 6 p.m. to 9 p.m. at Mason Temple. The program will include Bernice King and Martin Luther King III, the children of Dr. Martin Luther King Jr.; ambassador Andrew Young; COGIC bishop Charles Blake; AFSCME president Lee Saunders; and other dignitaries. Seating at Mason Temple is by invitation only; overflow seating at Temple of Deliverance, 369 G.E. Patterson Ave., is available on a first-come, first-served basis. Visit iam2018.org.

more events »

Last Word: Holder in Memphis for MLK 50, EDGE Sets a Date and South City Moves

The week of MLK50 commemorations began Monday with a speech by former U.S. Attorney General Eric Holder and the arrival Monday afternoon of Rev. Bernice King, the youngest child of Dr. Martin Luther King Jr. Meanwhile, Monday's day of free admission to the museum, underwritten by FedEx drew a long line. It also drew some remote trepidation that tends to make the situation seem worse than it is once you actually go there for yourself.

Community LIFT Looking to Build $5 Million Loan Pool Amid Growth

An organization that pursues sources of financial, human and intellectual capital to strategically revitalize neighborhoods wants to build a $5 million loan pool for investing in Memphis communities and leaders.

Lenoir: County Tax Decrease Was ‘Smoke and Mirrors’

With the estimate last month of an $18 million to $25 million county budget surplus for the fiscal year that ends June 30, taxes are about to become an even bigger issue in the Republican primary for Shelby County mayor.

Young Takes Helm at MLGW With Look At Storm Measures, Better Communication

The new president and CEO of Memphis Light, Gas and Water Division has seen a storm or two in his career, including hurricanes.

Rebranded Shoemaker Insurance Expands

Shoemaker Financial president and CEO Jim Shoemaker isn’t sure there is ever a perfect time for expansion and rebranding, but with the economy strong and his company well positioned for a transition of leadership, he could not hold off growing Shoemaker’s insurance line any longer.

REAL ESTATE RECAP

New Apartments Coming to Broad, Clark Tower Inks Another Tenant

A multifamily project planned for Broad Avenue could provide the housing element that takes the arts district to the next level.

LOCAL COLUMNISTS

Capitalism Isn’t Broken, It’s Been Hijacked

We live in tense times. In our era, we’ve seen systemic and corporate fraud at SkyTel, Enron, and others. We’ve watched our tax dollars bail out many of the largest banks and insurance companies.

Philanthropic Investments in the Black Community

As Memphis and the world marks the anniversary of the assassination of Dr. Martin Luther King Jr., there is much to reflect on and much to look forward to. Our reflections can be a source of inspiration for what we can accomplish together moving forward into the future. We can embrace the “fierce urgency of now” that King spoke of.

MLK 50

'This Was Like A War': Witnesses Remember Day MLK Was Shot

MEMPHIS, Tenn. (AP) Clara Ester's eyes were fixed on the Rev. Martin Luther King Jr. as he stood on the concrete balcony of the Lorraine Motel.

Commitment to King's Unfinished Work Remains 50 Years Later

ATLANTA (AP) Tyrone Brooks was 22 years old and 400 miles away, seeking clues to an unsolved lynching as old as he was, when he got the news that Martin Luther King Jr. was dead. Stunned, Brooks dropped everything and drove to Memphis, crying all the way.

Analysis: Blacks Largely Left Out of High-Paying Jobs

BOSTON (AP) Jonathan Garland's fascination with architecture started early: He spent much of his childhood designing Lego houses and gazing at Boston buildings on rides with his father away from their largely minority neighborhood.

MLK50 Events: A Roundup of Memphis Happenings

Here's a selection of events in Memphis marking the 50th anniversary of the 1968 sanitation workers' strike and the assassination of Dr. Martin Luther King Jr. April 3 is the 50th anniversary of King’s last speech – the “Mountaintop” speech at Mason Temple, while April 4 is the 50th anniversary of his assassination on the balcony of the Lorraine Motel.

STATEWIDE

2 Tennessee Insurers Report Drops in Opioid Prescriptions

KNOXVILLE, Tenn. (AP) – Two of Tennessee's largest insurers say they've made significant reductions in the number of opioid drugs prescribed.

MEDICAL NEWS

Every Arkansas County Part of Lawsuit Against Opioid Makers

LITTLE ROCK, Ark. (AP) – Pulaski County has agreed to join a lawsuit seeking relief from dozens of opioid manufacturers, and the addition of the lone holdout means every Arkansas county is now involved in the legal fight.

Studies Link Legal Marijuana With Fewer Opioid Prescriptions

NEW YORK (AP) – Can legalizing marijuana fight the problem of opioid addiction and fatal overdoses? Two new studies in the debate suggest it may.

NATIONAL BUSINESS

Facebook CEO Defends Advertising-Supported Business Model

NEW YORK (AP) – The CEO of Facebook is defending its advertising-supported business model.

Supreme Court Rules for Car Dealerships in Overtime Case

WASHINGTON (AP) – The Supreme Court ruled Monday that car dealerships' service advisers, like car salesmen and mechanics, are exempt under federal law from overtime pay requirements.

China Raises Tariffs on US Pork, Fruit in Trade Dispute

BEIJING (AP) – China raised import duties on a $3 billion list of U.S. pork, apples and other products Monday in an escalating dispute with Washington over trade and industrial policy.

EDUCATION

Cellphones Gaining Acceptance Inside US Schools

BUFFALO, N.Y. (AP) – Cellphones are still absent from most U.S. schools but new data shows them steadily gaining acceptance as administrators bow to parents' wishes to keep tabs on their kids and teachers find ways to work them into lessons.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 68 321 13,763
MORTGAGES 79 340 15,906
FORECLOSURE NOTICES 20 44 2,183
BUILDING PERMITS 265 765 28,522
BANKRUPTCIES 49 227 8,877
BUSINESS LICENSES 28 113 4,678
UTILITY CONNECTIONS 25 118 5,511
MARRIAGE LICENSES 16 73 2,967

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