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VOL. 130 | NO. 180 | Wednesday, September 16, 2015

Andrew and Michael Are Coming to The Chisca

Chefs Michael Hudman and Andrew Ticer are stepping out of Brookhaven Circle for the first time to expand their restaurant interests, with a new concept – their fourth – planned for Carlisle Corp.’s The Chisca on Main.

ULI Panel Tackles Soulsville’s Dilemma as Shadyac Reveals Concept

Local shareholders and national development leaders got deep in the heart of Soulsville USA this week with an all-day deliberation on how to bring placemaking to one of Memphis’ struggling historical areas.

FedEx Sees Weaker-Than-Expected First Quarter

Affected by higher operating costs in its ground division and weaker demand for freight services, FedEx Corp. had to lower its projected earnings for fiscal 2016.

Council Approves DROP Freeze To Bolster Police Ranks

Memphis City Council members gave final approval Tuesday, Sept. 15, to a freeze on the city’s deferred retirement program in an effort to bolster police ranks and keep the force from dropping below 2,000 officers.

FedEx St. Jude Classic Director Moving Into Advisory Role

Phil Cannon’s long association with the FedEx St. Jude Classic is changing effective Nov. 1, when he relinquishes his role as tournament director

Local Weather
Currently
Memphis, TN
38.0°F
Fair
Wind: South at 8.1 mph
Humidity: 65%

EVENTS

Endowment Resource Group will host two seminars for nonprofits Wednesday, Sept. 16, at 11 a.m. and noon at Triumph Bank, 5699 Poplar Ave. The seminar will focus on avoiding the most common endowment-related mistakes nonprofits make. Cost is free; register at healthyendowment.com.

more events »

Soul Fish Cafe Expanding in Cooper-Young, Opening in Little Rock

Memphis-based Soul Fish Cafe is cooking up an expansion, both in Memphis and beyond.

FedEx to Raise Shipping Rates in January

NEW YORK (AP) – FedEx says it will raise a number of shipping rates in January, and will increase the surcharge on very large packages starting in November.

New Tax Incentive Aims to Boost Declining Memphis Neighborhoods

Just north of Interstate 40, the commercially empty gateways to the Frayser neighborhood between North Hollywood Street and North Watkins Street are hardly fit to accommodate the thousands of vehicles that pass by every day.

Lipscomb’s Exit Prompts Delay in EDGE Merger

A move to merge two Memphis economic development agencies has intersected with the exit of Robert Lipscomb as the city’s Housing and Community Development director.

Roland Claims Shelby County Commission Chairmanship

After Terry Roland took the chairman’s seat at the Monday, Sept. 14, Shelby County Commission meeting, Shelby County Mayor Mark Luttrell congratulated him and pledged to work with him.

Memphis Tigers Face Formidable Foe in Bowling Green

When the University of Memphis plays at Bowling Green Saturday, Sept. 18, the game will feature something that any number of SEC games could not: two well-established quarterbacks.

Berry-Buckley Retires as Lifeblood Joins Blood Systems

After guiding a six-year turnaround of the Memphis region’s blood bank, Susan Berry-Buckley has announced her retirement as CEO of Lifeblood, effective Sept. 30.

NEWSMAKERS

Mathes Takes Helm at Community Legal Center

Longtime attorney Anne Mathes has been named executive director of the nonprofit Community Legal Center, which has been providing civil legal services to lower-income Memphians for more than 20 years. In addition to civil cases and divorces, the CLC collaborates with other agencies to serve victims of domestic violence and elder abuse. They also take some immigration cases.

LOCAL COLUMNISTS

6 Ways to Gauge If Your Business is Built to Last

Perhaps Benjamin Franklin summarized a major business challenge best: “When you’re finished changing, you’re finished.”

Partying Like It’s 1998

Entering 1998, the U.S. economy was on a tear. U.S. GDP growth was running 4+ percent and the unemployment rate was 4.5 percent. Stocks gained 29 percent in 1997 after gaining 38 percent in 1995 and 23 percent in 1996. To cool things down, the Federal Reserve raised the Federal Funds rate to 5.5 percent.

Tough Questions for Life Insurance Awareness Month

Each September, Life Happens, a nonprofit organization dedicated to helping educate Americans about the need for financial security, helps more than 100 insurance carriers and hundreds of thousands of agents and advisers spread the word about why Americans need to make life insurance a key part of any sound financial plan.

MEMPHIS AREA

Third Millington Police Officer Loses Job Amid Investigation

MILLINGTON, Tenn. (AP) — A third Millington police officer is now off the force amid an investigation into money that was reported missing from the police department's evidence room.

STATE GOVERNMENT

Report: Outsourcing May Hurt Haslam's Graduation Plan

NASHVILLE, Tenn. (AP) — An internal report on the potential outsourcing of building management at public colleges and universities warns Gov. Bill Haslam that the changes could undermine his signature "Drive to 55" effort to improve graduation rates in Tennessee.

STATEWIDE

Task Force: Eliminate Tests for Younger Tennessee Students

NASHVILLE, Tenn. (AP) — Annual standardized exams should be eliminated for Tennessee kindergarteners and first-graders amid teacher concerns that students are being tested too much, according to a state task force.

Nashville Marathon Takes St. Jude Name

NASHVILLE, Tenn. (AP) — The race known as the Country Music Marathon has a new name for 2016, rebranding itself as the St. Jude Rock 'n' Roll Nashville Marathon and ½ Marathon.

Knox County's Ex-Nutrition Director Charged With Theft

KNOXVILLE, Tenn. (AP) — Officials say the former nutrition director for Knox County Schools has been charged with theft and official misconduct.

NATIONAL BUSINESS

UPS Will Hire Up to 95,000 Holiday Season Workers

NEW YORK (AP) — UPS said Tuesday it will hire 90,000 to 95,000 employees — about the same as last year — to help handle shipping and deliveries over the holiday season.

As Fed Meets, Decision on Rate Hike Seems Like a Toss-Up

WASHINGTON (AP) — Will they or won't they?

Autos, Restaurants Push US Retail Sales Higher in August

WASHINGTON (AP) — Americans stepped up their spending on cars, restaurant meals, groceries and clothing in August, suggesting that consumers will help sustain U.S. economic growth despite a broader global slowdown.

FedEx to Raise Shipping Rates in January

NEW YORK (AP) – FedEx says it will raise a number of shipping rates in January, and will increase the surcharge on very large packages starting in November.

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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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