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VOL. TMN-8 | NO. 27 | Saturday, June 27, 2015
Weekly Issue

Business in Politics

Greater Memphis Chamber takes political dive in ‘most important election’ in recent history

One of the first things Shea Flinn noticed when he left the Memphis City Council this year was that benches for audience members in the council chamber are less comfortable than council members’ seats.

Gay Marriage Marks First Day in Memphis

Tennessee Gov. Bill Haslam was in Memphis taking a tour of the Nike plant expansion in Frayser when the highly anticipated U.S. Supreme Court decision on gay marriage was released Friday, June 26, in Washington, D.C.

Supreme Court Extends Gay Marriage Nationwide

WASHINGTON (AP) – The Supreme Court declared Friday that same-sex couples have a right to marry anywhere in the United States, a historic culmination of decades of litigation over gay marriage and gay rights generally.

React: Supreme Court’s Gay Marriage Ruling

A divided U.S. Supreme Court voted 5-4 that same-sex couples have a right to marry anywhere in the United States. Here is a roundup of local reaction to the landmark ruling.

Memphis Mayoral Election Heating Up As Strickland, Wharton Take Turns

Here come the yard signs.

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Memphis Botanic Garden and World Forum Nature will celebrate International Mud Day Monday, June 29, from 10 a.m. to 4 p.m. at MBG, 750 Cherry Road. Make mud crafts, including a take-home planting, mud mask and mud paintings. Cost is $3 plus MBG admission. Visit memphisbotanicgarden.com.

more events »

Editorial: Racism vs. Reality In Charleston’s Aftermath

Rarely does something as horrific as the massacre at Charleston’s Emanuel African Methodist Episcopal Church align so closely with issues of our national identity and long-held attempts to deny that identity.


This Week in Memphis History: June 26-July 2

1972: Humble Pie plays Ellis Auditorium.

Baptist's Healing Hand

Memphis health care organization quantifies impact with economic study

Comprised of 14 hospitals and more than 4,000 affiliated physicians spanning three states, Baptist Memorial Health Care Corp. is obviously known as a place where patients can turn to address their physical health.

Wharton Proposes to Move Forrest Statue and Grave

Memphis Mayor A C Wharton Jr. is proposing to remove the statue of Confederate General, slave trader and Ku Klux Klan Grand Wizard Nathan Bedford Forrest from the park formerly named in his honor.

Shelby County Unemployment Zigzags in May

The unemployment rate in Shelby County was 6.7 percent in May, which was higher than the previous month but lower than the year-ago month.

Dog Daycare Bringing New Life to East Memphis Retail Center

A new doggy daycare and camp is coming to East Memphis.

Grizzlies Facilities Getting $350,000 Upgrade

The Memphis Grizzlies have applied for a $350,000 building permit to upgrade facilities at FedExForum, 191 Beale St.

Seeds of Nutrition in South Memphis

Knowledge Quest to build packhouse for Green Leaf Learning Farm

Second in a series of profiles on the Community Foundation of Greater Memphis’ GiVE 365 grantees.

Supreme Court Upholds Nationwide Health Care Law Subsidies

The Supreme Court on Thursday upheld the nationwide tax subsidies under President Barack Obama's health care overhaul, in a ruling that preserves health insurance for millions of Americans.

Sea Isle Principal Prepares ‘The Island’ for New School Year

Cardboard letters on the cinderblock wall just inside the entrance to Sea Isle Elementary School in East Memphis welcome students to “the island” – a much quieter place in these summer days but not a deserted island.

Nike Formally Opens $301 Million Frayser Expansion

Executives of Nike Inc. are in Memphis Friday, June 26, to formally open the $301 million expansion of the sports shoe and apparel giant’s Northridge distribution center at 3100 New Frayser Boulevard.

Ballet Memphis Turns to Overton Square

Scratch those plans for a new Hotel Overton where the French Quarter Inn now sits in Overton Square.

100 N. Main Keeps Power On for Another Month

The head of the Downtown Memphis Commission says the skyscraper at 100 N. Main St. suffers from “weak” ownership and that the building would probably be better off with a new, deep-pocketed owner.

Pinnacle Financial Partners Adds to Memphis Team

The team launching Nashville-based Pinnacle Financial Partners’ expansion into the Memphis market is getting bigger.

Baptist Health Care, Church Health Center Launch Residency Program

Baptist Memorial Health Care and the Church Health Center have teamed up to launch a new family medicine residency that involves recruiting a group of residents in waves, with the first batch starting work next summer.

Graceland Hotel Developers File $84 Million Construction Loan

The developers behind a massive hotel near Graceland are ready to shake, rattle and roll on the project.

Memphis City Council Approves Pay Raises, Stable Property Tax Rate

Memphis City Council members put City Hall’s budget season to rest Tuesday, June 23, with approval of a $656.5 million city operating budget that includes 2 percent pay raises for city police and firefighters and a 1 percent pay raise for all other city employees starting in January.

CBU's 'New Vision’

Christian Brothers University launches $70 million capital campaign focused on community

As Kenrick Hall on the campus of Christian Brothers University has been prepped for demolition, leaders of the university have been preparing for what follows when the 1940s-era classroom building is gone.

OneJet Lands in Memphis, Thanks in Part to FedEx

Mid-South business travelers now have an easy, efficient way to reach several large Midwestern markets.

HopeWorks Workshop Aims to Help Memphis Employers Reduce Entry-Level Job Turnover

Different experiences, different vocabularies, and a different perspective on what it means to go to work each day. The difference, really, between a “job” and a “career.”

Collierville Aldermen Approve 25-Cent Property Tax Hike for New School

The Collierville Board of Mayor and Aldermen approved Monday, June 22, a 25-cent property tax hike to partially finance construction of a new, $99 million Collierville High School.

County Commission Takes Long Way to Budget Approval

In the space of five hours Monday, June 22, Shelby County Commissioners voted down an operating budget, a capital budget and an attempt at a continuation budget to keep spending at the same levels past July 1 and into the new fiscal year.

Greening the Region

Already an award winner, Greenprint plan seeks regional approval

A result of a $2.6 million grant from the U.S. Department of Housing and Urban Development and two years of planning, the pre-implementation phase of the Mid-South Regional Greenprint and Sustainability Plan is gaining momentum.

Wunderlich’s Hogan Offers Latest Read on Economy

A little more than a year ago, Wunderlich Securities Inc. chief market strategist Art Hogan stood before an audience of business leaders assembled by The Daily News – part of the paper’s regular seminar series – and offered his take on an economic recovery that looked different depending on where a person stood.

American Bar Association President Pushes Online Models for Civil Disputes

The president of the American Bar Association says the traditional method of providing pro bono legal services in civil matters to those who can’t afford to pay for an attorney isn’t working despite best efforts.

I Choose Memphis: Gray Fiser

“I Choose Memphis” spotlights Memphians who are passionate about calling this community home. New Memphis Institute provides the profiles.


Memphis Redbirds' Winning Record Doesn't Extend to Attendance

The Memphis Redbirds are running last in the 16-team Pacific Coast League’s attendance race; the St. Louis Cardinals own the best record in the 30-team on-field competition run by Major League Baseball.

Tigers Alumni Game a Chance for Fans to Relive Fond Memories

It’s not the Final Four. In fact, it’s not even a November nonconference game against some directional school.

Grizzlies Draft LSU’s Jarell Martin, Kentucky’s Andrew Harrison

The Memphis Grizzlies needed more shooting and may have found at least some of it in two off-Broadway draft day trades. But with the 25th overall pick in the first round Thursday night, June 25, the Grizzlies went a different direction and chose 6-foot-9, 235-pound forward Jarell Martin from LSU.


Simmons Joins Cushman & Wakefield/Commercial Advisors

Mary Leesa Simmons has joined Cushman & Wakefield/Commercial Advisors as vice president – senior asset manager. In her new role, Simmons provides all aspects of property management duties for the firm’s clients.


Michigan Investor Pays $7.5 Million for Hickory Hill Apartments

5995 Waterstone Oak Way, Memphis, TN, Sale Amount: $7.5 million -
RoCo-Lakes LLC, a Michigan limited liability company, purchased two parcels comprising The Lakes at Ridgeway Apartments on June 11.


Modern Throwback Over the Moon Diapers Finds Growth in Online Sales

New parents often look to their own mothers for support and advice, but Courtney Moser found a business partner in her mother, Janice Bogott. The pair operates Over the Moon Diapers, a web-based distributor for cloth diapers, breastfeeding accoutrements and other baby supplies.


In It Together

WE’RE RELATED. For a few years, Nora was in a handbell choir at our church. The choir was invited to perform here and there. Being an Episcopal church, those trips were more a celebration than a solemn occasion, and, like the service itself, food and drink were central to the issue at hand. I tagged along because the here and there included roux-full places like Mobile and New Orleans.

'Underqualified' for a Job? You Can Still Apply

If you’re like most people, there was a time in life when you were underqualified for a job. This is typically the case when you apply for your first job. It can also happen when you make a big career change midstream and have to start over.

Things or Experiences: Which Mean More?

Ray’s take: We talk a lot about budgets in financial planning, but less often about the type of spending we should do. Finances, like so much in life, are personal.

Murphy, the Realist

“Whatever can go wrong will go wrong.” That’s a common wording for the epigram that we call “Murphy’s Law.” Granted, others have said it somewhat differently.

Haslam Needs to Back Up Call for More Local Control

If Gov. Bill Haslam is trying to build political capital, he’s making the right move by trying to light a fire under local officials.

Who Donates The Most? Individuals!

The numbers are in: Americans gave an estimated $358.38 billion to charity in 2014. That’s 7.1 percent over 2013, and the fifth year in a row that giving increased. Individuals – that’s you and me – continue to give an estimated 90 percent of all gifts.

Money & Markets Around the World

On central bank policy: At an early press conference, Janet Yellen quipped that the U.S. Fed might initiate rate hikes six months after QE, corresponding with March of 2015. She has been backpedaling ever since.

Men’s Silence Leads to Abuse

As one of Shelby County’s eight Judicial Commissioners, I must decide whether or not a person should have an order of protection against another person. Our office reviews and makes decisions on thousands of petitions every year in an effort to provide abuse victims legal protection from their abuser. Although we rarely know the outcome of individual cases, we are all keenly aware that an order of protection is an important and powerful tool for helping victims escape abusive situations.

Sales Gauging Techniques that Move the Needle

Unless you have more sales from ideal customers than you know what to do with, your organization can benefit from sales measurement strategies. They allow you to not only forecast future sales but also to dissect your team’s success through each step of the sales cycle in order to fine-tune your approach and improve results.

I Survived Disneyland

I must’ve been out of my mind. How else to explain an anti-Disney person deciding to travel two time zones to visit Disneyland, just days after the official kickoff of the madness of the 60th anniversary celebration?

When Less Means More

Anxiety floods the boardroom, the conference rooms, every decision. Costs are rising. Returns are flat. Margins are thinning. Now, private label competitors are beating us in every area: technology, price, placement, design and sales. Worse, they have turned the category that we invented into a commoditized war zone and keep us in a rigid box that controls every factor of our influence and gives them every advantage.

Nashville Edition

Nashville’s Long, Hot, Delicious Summer

New restaurants, pop-ups, special events you won’t want to miss

Summertime brings us wedges of juicy watermelon and drippy ice cream cones. It yields pies piled with blackberries and peaches so fresh they can fill a room with their aroma.

Martin, Wilson Travel Parallel Paths to Success

Pitmaster Pat Martin of Martin’s Bar-B-Que Joint and Chef Tandy Wilson of City House didn’t know one another in early 2007. Yet they’d soon have more than a few things in common.

Capitol Commission to Review Which Historical Figures Should Be Honored

Lt. Gov. Ron Ramsey and House Speaker Beth Harwell are encouraging the Tennessee Capitol Commission to evaluate the characteristics of Tennesseans honored in the Capitol Complex.

Uncomfortable Truths in Real Estate Contracts

Bill Decker of Decker Wealth Management was recently discussing a contract issue he had with one of his vendors, the issue being whether Decker should be allowed to purchase additional product at a certain price.

Knoxville Edition

Knoxville’s Amazing Network of Trails, Parks and Waterways

With the Great Smoky Mountains looming in the distance, and no shortage of ball fields and other outdoor recreation sites closer at hand, Knoxville and its surrounding communities don’t lack for recreational opportunities.

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PROPERTY SALES 68 321 13,763
MORTGAGES 79 340 15,906
BUILDING PERMITS 265 765 28,522
BANKRUPTCIES 49 227 8,877

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