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VOL. 132 | NO. 154 | Friday, August 4, 2017

Grocery Delivery Service Instacart Rolling Into Memphis

On-demand grocery delivery service Instacart is expanding into the Memphis area, offering same-day deliveries from retailers such as Whole Foods Market, Costco, CVS, Petco and Kroger in as little as an hour.

Jernigan Capital Reports Strong Second Quarter

Memphis-based self-storage financing company Jernigan Capital Inc. has “had an outstanding first half of 2017.” That’s according to its namesake chairman and CEO Dean Jernigan.

UTHSC’s Dr. David Stern Focusing on a Healthier Tennessee in New Role

Getting invited to make a presentation at the White House last fall as part of a meeting on drug addiction turned into an epiphany of sorts for Dr. David Stern.

New Academic Year Brings Changes, Familiar Issues

The school year for most students in Shelby County begins Monday, Aug. 7. But teachers and school administrators mentally remain at least a few weeks ahead, if not more – a permanent condition for educators.

Cordova Apartment Community Sells for $27.9M

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

Local Weather
Currently
Memphis, TN
48.0°F
Overcast
Wind: Southwest at 3.5 mph
Humidity: 89%

EVENTS

The 2017 Film Prize: Memphis Festival takes place Friday through Sunday, Aug. 4-6. All top 10 films will screen as one block lasting about two hours multiple times throughout the weekend Malco Studio on the Square, 2105 Court Ave. After the screening, festival passholders will vote on their favorite, and the winners will be announced at an awards brunch Sunday. Visit memphisfilmprize.com for a schedule of screening times, filmmaker Q&As and panel discussions.

more events »

Last Word: Primary Care, Weirich On Twitter and Tigers Offense

Shelby County District Attorney General Amy Weirich has been responding by Twitter for the last two days to the New York Times Magazine article about the Noura Jackson case that went up online earlier this week. Using the hashtag “ProCrimeNYTimes,” Weirich @ShelbyCountyDA -- tweeted Wednesday that the long read is “a blatant effort to create sympathy for the defendant while demonizing prosecutors.”

City Reopens Fairgrounds Planning Process

About two weeks after unveiling a concept plan for Memphis riverfront development, Mayor Jim Strickland’s administration has reactivated a dormant city move to redevelop the Mid-South Fairgrounds.

FedEx, in Online Pivot, Backs Away From Holiday Surcharges

MEMPHIS, Tenn. (AP) – FedEx will skip special charges for most packages shipped during the holiday season this year as it seeks to undercut rival UPS in a fight for a larger share of the millions of items now bought online.

SPORTS

Prolific Memphis Offense From 2016 Could Be Even Better in 2017

Wide receiver Anthony Miller is holding a football, says he just picked it up in the equipment room. Which is a little surprising because the usual way a football gets in Miller’s hands is for quarterback Riley Ferguson to throw it to him.

2 Quarterbacks Are Seldom Better Than 1

The old adage holds that if you have two quarterbacks you really have none. Are you listening, Butch Jones?

‘Doors Always Open’ for Titans, Help Dodd Ease Injury Angst

The NFL can be a cold and cruel business. In such a high-risk business, one injury or a sudden drop in production can put a player’s very livelihood in jeopardy. NFL, in such situations, really can mean “Not For Long.”

THE PRESS BOX

CFB Scheduling: Alabama’s Saban Wrong as He is Right

Riley Ferguson stands with American Athletic Conference commissioner Mike Aresco.

SNAPSHOT

A Night Out With Police

Memphis Police Department director Michael Rallings speaks Tuesday, Aug. 1, with an attendee at National Night Out, an event for citizens to meet local law enforcement officers and voice their concerns about crime.

LOCAL COLUMNISTS

No Place for Those Words

“WHAT TRUMP COULD HAVE SAID.” After Trump’s narcissistic impolitic/political rant/speech at the Boy Scout National Jamboree, I didn’t know what to say. But when my daughter sent me an opinion piece from LNP in Lancaster, Pennsylvania, I realized it had already been said.

Managing Money is a Marathon, Not a Sprint

Ray’s Take: Training to run a marathon and creating a financial plan have a lot in common if you’re going to succeed. An overall plan includes short-term and long-term goals and the ability to stick to the plan through thick and thin. No pain, no gain. Right? And that applies to money as well as running.

After Many Decades of Change, Why Haven’t Our Methods?

Cities have to be in a constant state of problem solving in today’s world, especially when you consider that the shelf life of leading industries is shortening in dramatic fashion. Consider that it took 55 years for the automobile to spread to a quarter of the country, 35 years for the telephone, 22 years for the radio, 16 years for the personal computer, 13 years for the cellphone, and only seven years for the internet.

STATEWIDE

Country Music Hall of Fame and Museum Opening Lynn Exhibit

NASHVILLE, Tenn. (AP) – The Country Music Hall of Fame and Museum is opening an exhibit on the life and career of Hall of Famer Loretta Lynn in Nashville.

Bill Lee Names Former GOP Chair to Run Tennessee Gov Bid

NASHVILLE, Tenn. (AP) – Businessman Bill Lee has hired former Tennessee Republican Party Chairman Chris Devaney to run his gubernatorial campaign.

REGIONAL NEWS

Auto Parts Maker to Expand in Mississippi, Hiring 40

NEW ALBANY, Miss. (AP) – An auto parts maker will invest $4 million and hire 40 new workers, expanding in northern Mississippi.

FINANCIAL SERVICES

Fannie Mae Posts $3.2B Profit in Q2; To Pay $3.1B Dividend

WASHINGTON (AP) – Fannie Mae reported net income of $3.2 billion from April through June, up from a year earlier as the mortgage giant marked gains on its investments.

With 401(k) Accounts Booming, What Should Investors Do?

NEW YORK (AP) – Did you notice that your toe doesn't hurt because you didn't stub it today?

NATIONAL GOVERNMENT

Trump Promotes Technology to Improve Veterans' Health Care

WASHINGTON (AP) – President Donald Trump announced new efforts Thursday to use technology to improve veterans' health care, saying the programs will greatly expand access, especially for mental health care and suicide prevention. Veterans living in rural areas will also benefit, he said.

Senate Passes Legislation to Ensure No Halt in FDA Reviews

WASHINGTON (AP) – Drug and medical device makers would pay higher user fees under legislation the Senate approved and sent to the president on Thursday. The revenue raised would help pay for the government reviews required to bring their products to the market.

GOP Plan to Slash Legal Immigration Wins Trump's Support

WASHINGTON (AP) – President Donald Trump has embraced legislation that would dramatically reduce legal immigration and shift the nation toward a system that prioritizes merit and skills over family ties.

CONSUMER NEWS

End Your Car Lease Without Getting Dinged

Your car lease is ending soon. Looking at the dent in the driver's door, you wonder if you'll be charged for it. Or maybe you've exceeded the mileage limit and you're bracing for a big hit. But you can avoid common issues like these if you know how the game is played.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 393 21,159
MORTGAGES 94 424 24,785
FORECLOSURE NOTICES 0 93 8,703
BUILDING PERMITS 173 1,010 43,347
BANKRUPTCIES 52 292 14,194
BUSINESS LICENSES 15 90 6,491
UTILITY CONNECTIONS 28 167 13,678
MARRIAGE LICENSES 12 89 5,158

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