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VOL. 128 | NO. 55 | Wednesday, March 20, 2013

FedEx Earnings Drop on Weakness in International Freight

FedEx Corp. reported third quarter earnings that missed analysts’ expectations on continued weakness in international air freight markets and customers that chose less expensive and slower shipping services.

Coffee, Beer Bar Slated for Downtown

Downtown residents soon will be able to grab a cup of Joe, locally brewed beer and a fresh sandwich or salad in one fell swoop.

Raising the Roof

Blues Foundation in final stage of fundraising for Hall of Fame

If all goes well, The Blues Foundation will be raising the roof on a new Blues Hall of Fame at 421 S. Main St. in six months.

Aitken Buyout Approved

The contract of Shelby County Schools superintendent John Aitken has been bought out by the countywide school board at Aitken’s request. And it takes effect immediately.

Riverfront Report Highlights Quick Fixes

With a set of 20 Memphis riverfront plans and reports spanning several decades, urban planner and designer Jeff Speck’s mission wasn’t to add to the stack of documents, maps and renderings.

Jack Jones Shootout Returns to Memphis

Four of the five players in the 2013 recruiting class of the University of Memphis basketball team will be featured in the annual Jack Jones Basketball Shootout that begins Thursday, March 21, and continues through Saturday, March 23.

Crosstown Project Has $15 Million City "Ask"

Leaders of the Crosstown Development Project are asking the city of Memphis for $15 million toward a $175 million project.

Trustee Releases Slate of Financial Literacy Workshops

Shelby County Trustee David Lenoir’s office has worked with almost 800 financially struggling taxpayers since the summer of 2011 to educate them via the trustee’s Project H.O.M.E. financial literacy workshop series.

School Board Restructuring Plan Goes to Mays

On the way to U.S. District Court for the Western District of Tennessee Judge Samuel “Hardy” Mays is a plan by the Shelby County Commission to convert the countywide school board to a 13-member single-district body effective Sept. 1.

St. Agnes-St. Dominic Installs Solar Panels in Memory of Alumnus

St. Agnes Academy-St. Dominic School has honored Ryan Edwards by promoting environmental sustainability, a concept that was close to the late St. Dominic alumnus’ heart.

MEMPHIS NEWSMAKERS

Hagan Named President of Memphis Heritage Board

Joey Hagan, principal of Architecture Inc., has been named the 2013-2014 board president for Memphis Heritage Inc. after being nominated and elected by the previous board. Hagan’s primary responsibilities as one of two principals at Architecture Inc. include running the organization, marketing, design and project management. As MHI president, he will strive to continue to make preservation of important properties a priority for Memphians.

LOCAL COLUMNISTS

Sales: PR’s Missing Ingredient

If your company’s contributions are more newsworthy than the media coverage generated, you could have a sales problem. That’s right, I said a “sales” problem.

Put Your Internal Team on Bootstrap to Drive Innovation

In 1992, The American Heritage Dictionary acknowledged the popular use of a new word, “intrapreneur,” meaning “a person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive risk-taking and innovation.” This term and concept is enjoying a revival as current companies struggle to realize growth and innovation. Companies seeking growth typically design programs that are based in strategy-driven or intrapreneur-driven innovation.

Look at the Facts, Not Rhetoric

CITE YOUR SOURCE. In human psychology, fear seems more legitimate than hope. Claims of “impending doom,” and “bursting bubbles” elicit fast emotional responses that seem impervious to critique. So many programs, speeches and advertisements prey on this phenomenon today.

STATE GOVERNMENT

Haslam's School Voucher Bill Advances in House

NASHVILLE (AP) – Gov. Bill Haslam's proposal to create a school voucher program in Tennessee has advanced out of the House Government Operations Committee.

Tennessee House Strips Student IDs From Voting Bill

NASHVILLE (AP) – A House committee has stripped student identification cards issued by public universities from a bill about photo IDs that can be used to vote.

College Nondiscrimination Ban Passed by House

NASHVILLE (AP) – The House has passed a bill to bar public universities and colleges from implementing nondiscrimination policies for student groups.

NATIONAL BUSINESS

Twinkies Sale Approved by Judge

NEW YORK (AP) – A bankruptcy judge on Tuesday approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer.

NATIONAL GOVERNMENT

Assault Weapons Ban Won't be in Democrats’ Gun Bill

WASHINGTON (AP) – Senate Majority Leader Harry Reid has decided that a proposed assault weapons ban won't be part of a gun control bill the Senate plans to debate next month, the sponsor of the ban said Tuesday, a decision that means the ban stands little chance of survival.

Court: Can Generic Drug Maker be Sued Over Design?

WASHINGTON (AP) – The Supreme Court seemed skeptical Tuesday of allowing generic drug manufacturers to be sued in state court for a drug's design defects if federal officials approved the brand-name version the generic drug copied.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 136 5,209
MORTGAGES 79 182 6,891
FORECLOSURE NOTICES 13 50 1,606
BUILDING PERMITS 328 328 12,307
BANKRUPTCIES 70 175 5,475
BUSINESS LICENSES 30 58 2,119
UTILITY CONNECTIONS 85 182 7,240
MARRIAGE LICENSES 19 43 1,501

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