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VOL. 127 | NO. 5 | Monday, January 9, 2012

Cohen Expresses Concern Over Redistricting

U.S. Rep. Steve Cohen, D-Memphis, got a closer look over the weekend at the proposed set of new district lines for his congressional district.

‘No Place Like It’

St. Jude celebrates 50 years of treating childhood cancer

Actor and philanthropist Danny Thomas’ dream of a day when no child would die in the dawn of life continues to be the driving force behind St. Jude Children’s Research Hospital, which this year marks its 50th anniversary.

First Horizon Expected to Post Profit

The parent company of First Tennessee Bank reports fourth-quarter earnings and its full-year 2011 results this month, and Wall Street analysts are expecting another quarterly profit from the Memphis-based company.

Parkway Sells Most of Local CRE Portfolio

Parkway Properties Inc. has sold the majority of its Memphis portfolio, totaling 672,247 square feet, to Hertz Investment Group LLC.

Education Realty Trust Rebrands, Promotes Key Execs

Memphis-based Education Realty Trust Inc. has had a busy few months, ending fourth-quarter 2011 with several new properties in hand and starting 2012 by turning over a new leaf entirely – to be more specific, a new name, a new logo, new positions for several key executives and a $28 million acquisition.

Local Weather
Today
Memphis, TN
57°F
Cloudy
Wind: 0 mph
Humidity: 67%

EVENTS

ArtsMemphis will hold an opening reception for “Time, Talent and Tempera: ArtsMemphis’ Volunteer Art Show” Monday, Jan. 9, from 4:30 p.m. to 6:30 p.m. at the organization’s East Memphis office, 575 S. Mendenhall Road. The show will run through March 31. For more information, visit www.artsmemphis.org.

more events »

Petties Trial Date Delayed

The upcoming trial of the last two defendants in the largest drug case ever brought in Memphis federal court has been delayed until Feb. 6.

Hyde Foundations Put $500K Toward Overton Park Effort

A $500,000 grant to the Overton Park Conservancy from the Hyde Family Foundations is the latest contribution to the nonprofit group that manages and maintains the Midtown park for the city of Memphis.

GOP Redistricting Plan Changes Shelby Representation in D.C.

The Republican leaders of the Tennessee legislature on Friday, Jan. 6, rolled out their second redistricting proposal in as many days.

Planning Commission Asks for Public Input

The schools consolidation planning commission goes on the road Tuesday, Jan. 10, with the first public hearings by the group that will soon begin drafting the plan for operating a single Shelby County public school system.

County Commission Could Further Redistricting Talks

Shelby County Commission members avoided the topic at least in the public, on-the-record discussions during committee sessions last week.

GOVERNMENT AGENDA

Shelby County Commission Agenda

The Shelby County Commission will meet Monday, Jan. 9, at 1:30 p.m. in the Shelby County Administration Building, 160 N. Main St. Click on the meeting icon for a full agenda.

SMALL BUSINESS SPOTLIGHT

Billie’s Pecans Meshes Family Recipes, Internet

Frank Capra might have loved to film the story of Billie’s Pecans, a business that started on a family farm in Mississippi and grew over the years thanks to a mixture of earnestness and family recipes.

LOCAL COLUMNISTS

Attracting Clients With Clarity

In my role as a consultant, I occasionally encounter situations where, shall we say, things are not going well for my clients and they want solutions to their problems.

THE MEMPHIS NEWS

A Century of Health Care

Baptist Memorial Health Care celebrates 100 years of service

Memphians packed the new Dr. H. Edward Garrett Auditorium at Baptist Memorial Hospital-Memphis last month to listen to music icon Patti LaBelle discuss her struggle with diabetes and the grief she experienced after losing three sisters to cancer.

Baptist Story Speaks to City’s Rich Past

The making of modern Memphis is an ongoing story that now has some age on it.

Grand Masters Arrive at Dixon

For the New Year, the Dixon Gallery and Gardens chose an exhibition so grand it wouldn’t all fit through the doors.

Patrick Travels Long Road Before Opening Rizzos

Michael Patrick came to Memphis in 1997. Things are finally starting to look up.

Rhone Wine Provides Perfect Punch Through Year

First wine recommendation of 2012! What a challenge!

MEMPHIS AREA

MCS Included in Gates Fdtn. Education Report

SEATTLE (AP) – Once-a-year evaluations aren't enough to help teachers improve, says a report by the Bill & Melinda Gates Foundation that includes comments about Memphis City Schools.

STATEWIDE

Tenn. Tea Party Disbands, 1 of Several in State

NASHVILLE (AP) – The Tennessee Tea Party, one of several tea party groups in the state, is disbanding after three years.

STATE GOVERNMENT

Fayette Among 14 Tenn. Counties Declared Agriculture Disasters

NASHVILLE (AP) – The federal government has declared 14 Tennessee counties as agricultural disaster areas after drought and excessive heat last summer.

NATIONAL BUSINESS

Nation Adds 200K Jobs in December Hiring Surge

WASHINGTON (AP) – Four painful years after the Great Recession struck and wiped out 8.7 million jobs, the United States may finally be in an elusive pattern known as the virtuous cycle – an escalating loop of robust job growth, healthier spending and higher demand.

2011 Job Hopes Improved Most for Worst-Hit Groups

WASHINGTON (AP) – For many people whose job prospects faded most during the recession, 2011 brought a small dose of relief.

NATIONAL GOVERNMENT

IRS Estimate: 17 Percent of Taxes Owed Went Unpaid

WASHINGTON (AP) – The Internal Revenue Service is estimating that people and businesses underpaid their taxes by $450 billion in the most recent year studied.

IRS Says Audit Rates Have Grown for Wealthy

WASHINGTON (AP) – If you earn less than $200,000 a year, there's a strong chance you don't have to worry about an Internal Revenue Service audit. But if you make more than $1 million annually, the odds have been rising that you'll be hearing from the tax man.

Obama Says Economy is Rebounding

WASHINGTON (AP) – Welcoming positive economic news in an election year, President Barack Obama said Friday, Jan. 6, the new monthly jobs report shows the U.S. economy is starting to rebound. The Labor Department report said the economy added 200,000 jobs in December. The unemployment rate fell to 8.5 percent, the lowest in nearly three years.

SPORTS

Lakers Beat Grizzlies for 6th Straight Home Win

LOS ANGELES (AP) – Kobe Bryant says the Los Angeles Lakers' early-season schedule has been every bit as brutal as they expected, forcing them to learn coach Mike Brown's system on the job rather than in practice.

Barton, Memphis Edge UAB 62-59 in Tight Game

BIRMINGHAM, Ala. (AP)Will Barton scored 16 points and grabbed 10 rebounds as Memphis pulled away late to edge Alabama-Birmingham 62-59 Saturday night in the Conference USA opener for both teams.

Hamilton, Warren Lead LSU Past Ole Miss 81-55

BATON ROUGE, La. (AP) – It had been a long time since LSU enjoyed such a performance in its Southeastern Conference opener as it did Saturday against Ole Miss.

Vols' Rogers has Procedure on Finger

KNOXVILLE (AP) – Tennessee wide receiver Da'Rick Rogers has had a minor procedure performed on his right index finger.

TECHNOLOGY

The 'CES Curse?' Gadget Show has Poor Record

NEW YORK (AP) – The largest trade show in the Americas must be a great place to show off new products, right? Wrong. The International Consumer Electronics Show is quickly becoming a launch pad for products that fall flat.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 250 5,016
MORTGAGES 0 382 6,608
FORECLOSURE NOTICES 0 55 1,534
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 0 257 5,216
BUSINESS LICENSES 0 89 2,025
UTILITY CONNECTIONS 0 443 6,907
MARRIAGE LICENSES 0 81 1,422

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