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VOL. 132 | NO. 100 | Friday, May 19, 2017

Hackett Retires From CMOM to Devote Effort to Grand Carousel Fundraising

Former Memphis Mayor Richard C. Hackett is retiring as CEO of the Children’s Museum of Memphis in June to devote his attention to fundraising for the institution he helped create 30 years ago. Hackett became leader of the museum in 2006.

Wunderlich Securities Acquired by LA Firm in $67M Deal

Memphis-based investment firm Wunderlich Securities Inc. will be acquired by a publicly traded Los Angeles-based financial services firm, B. Riley Financial, in a $67 million deal expected to close in June.

'War' on Blight

Second anti-blight summit marks progress, more challenges

Attorney Steve Barlow has been working on blight issues for 20 years, which is to say he’s been working for two decades almost exclusively on the maze of rules, regulations and procedures that make blight possible and sustainable.

Memphis, Shelby County See Bump in Major Violent Crime Rate

Major violent crime in Memphis and countywide increased from January to April by 4.4 percent and 4.2 percent respectively compared to the first four months of 2016, according to numbers released Thursday, May 18, by the Memphis-Shelby Crime Commission.

Innova Turns Focus Toward Agriculture Technology

By 2050, National Geographic Magazine recently warned readers, the world will somehow have to be able to feed 2 billion more people than it does now.

Local Weather
Memphis, TN
Thunderstorm Rain
Wind: South at 15.0 mph
Humidity: 100%


Germantown Community Theatre will present Ken Ludwig’s murder mystery “The Game’s Afoot” Friday, May 19, through June 4 at GCT, 3037 Forest Hill-Irene Road. Visit gctcomeplay.org for show times and tickets.

more events »

Last Word: Carousel Preview, New Crime Stats and EDGE Does Multi-Family

The group Friends of the Fairgrounds got together Thursday evening at the Children’s Museum of Memphis and got the first group tour of the Grand Carousel center under construction at CMOM. This is as the museum focuses more on fundraising for the $6 million project that has already raised the money for the restoration of the carousel itself and now sets about the task of paying for the building around it including a banquet hall. Here’s a look from our Facebook page with more to come on CMOM and the Fairgrounds for the Monday edition that will probably go up on line Friday.

EDGE to Test Multifamily Tax Abatements

The Economic Development Growth Engine of Memphis and Shelby County has approved a trial run of a new payment-in-lieu-of-taxes program aimed at encouraging development of multifamily housing the city of Memphis feels it needs to break free of the cycle of stagnant population growth.

EDGE Approves Trio of Tax Incentives

The Economic Development Growth Engine board has granted tax incentives for a pair of Presidents Island manufacturing operations and a South Memphis health care company that together will result in the creation of 126 jobs and capital investments topping $140 million.


On Redbirds’ Wings: Memphis Triple-A Team Off to a Flying Start

They already had won 10 straight games – a franchise record for the Memphis Redbirds. In winning their 11th consecutive game, at Iowa more than a week ago, the Redbirds used an eight-run ninth inning to wipe out a two-run deficit and take the game 15-9.

The Press Box: Conley Finds His Best Game Starts with Him

After Mike Conley signed the richest deal in NBA history last summer – five years and $153 million – his old coach with the Memphis Grizzlies, Lionel Hollins, made a couple of predictions during an interview on SiriusXM NBA Radio.

If Saban’s the Best, Why Aren’t His Protégés?

In a recent article at CBSSports.com, Nick Saban was ranked the top coach in the so-called Power Five conferences.

Road to WCWS Once Again Goes Through UT

Several of Tennessee’s athletic teams would just be glad to get an NCAA Tournament bid. UT’s softball team expects a lot more. Like getting to the Women’s College World Series.


Uncertain Times

Ray’s Take We live in uncertain times. There are no guarantees; there is only planning and adapting. A sound financial plan is a great hedge against uncertain times, and the inability to predict future tax rates or the direction of the stock market should not be a deterrent to having a good financial plan.

Unhealthy Motives

WE DON’T CARE ABOUT HEALTH CARE. WE CARE ABOUT INSURANCE. Like casinos, the insurance business is a bet, you know, like a roll of the dice. And like casinos, the house always wins. An army of actuaries hedges every bet. If you buy life insurance, they’re going to charge you enough to make money before you die. They win. If you buy health insurance, they’re going to charge you enough to make money if you get sick. They win.


Burr is Building a Prison-to-Opportunity Pipeline

The first time Mahal Burr walked into the Shelby County Jail, she was planning to meet with prison officials. Instead, to her surprise, she was shown into a room with 18 incarcerated kids.


Tennessee AG Sues Company Labeled a Government Impostor

NASHVILLE, Tenn. (AP) – The Tennessee attorney general is suing a California company over claims that it sent government-styled invoices to make new homeowners pay to receive copies of their deeds.


Hagerty, Trump's Japan Envoy Pick, Says He's Optimistic on Trade Deal

WASHINGTON (AP) – The Tennessee businessman in line to be American ambassador to Japan said Thursday that he was optimistic about reaching a deal with Japan that could mean equal or better results than the Asia-Pacific agreement that President Donald Trump pulled the United States out of after taking office.


Wal-Mart Sees Online Sales Surge, More Shoppers at Stores

BENTONVILLE, Ark. (AP) – Wal-Mart saw online sales surge as it changed up its shipping offers, and drew more shoppers to its stores as well in the most recent quarter even as retail overall is more competitive.


Roger Ailes, Media Guru and Political Strategist, Dies at 77

NEW YORK (AP) – Roger Ailes, the communications maestro who transformed television news and America's political conversation by creating and ruling Fox News Channel for two decades before being ousted last year for alleged sexual harassment, died Thursday, according to his wife, Elizabeth Ailes. He was 77.


Lauded Rocker Chris Cornell Killed Himself by Hanging

DETROIT (AP)Chris Cornell, one of the most lauded and respected contemporary lead singers in rock music with his bands Soundgarden and Audioslave, killed himself Wednesday by hanging in a Detroit hotel room, according to the city's medical examiner. He was 52.


FCC Vote Kicks Off a Battle Over Regulation of the Internet

NEW YORK (AP) – A federal agency voted to kick off the repeal of "net neutrality" rules designed to keep broadband providers like AT&T, Verizon and Comcast from interfering with the internet.

Twitter's Privacy Update: What It Means for You

NEW YORK (AP) – Twitter is updating its privacy policy so it can track users' interests better and target advertisements to them, at least in the US.


Many Women Think Men are the Better Investors; They're Not

NEW YORK (AP) – Many men and women think men are the better investors. They're wrong.

Lauded Rocker Chris Cornell Killed Himself by Hanging

DETROIT (AP)Chris Cornell, one of the most lauded and respected contemporary lead singers in rock music with his bands Soundgarden and Audioslave, killed himself Wednesday by hanging in a Detroit hotel room, according to the city's medical examiner. He was 52.

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PROPERTY SALES 78 78 13,921
MORTGAGES 93 93 16,098
BUILDING PERMITS 242 242 28,995
BANKRUPTCIES 59 59 8,985

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