VOL. TMN-6 | NO. 19 | Saturday, May 4, 2013
City, county budget seasons pose new challenges
It’s that time of year again when thick budget books dominate life for those in the Memphis and Shelby County governments.
There is always a reason, always a graph or charter that explains why something in a government budget can’t be cut.
THE MEMPHIS NEWS ALMANAC
1993: J. Terry Steib became the new bishop of the Catholic Diocese of Memphis.
Zipcars begin pilot project in automobile-centric Memphis
When car sharing meets the parking and driving practices of Memphians on the streets of Downtown, the encounter could go so many ways between bad and good.
Memphis-based International Paper Co. reported net earnings Thursday, May 2, of $318 million for the first quarter of 2013, a $130 million increase from a year ago.
Smith & Nephew PLC said it will start a $300 million share buyback program and buy an Indian orthopedic trauma company, after a first-quarter slump in profit.
Metropolitan Bank is starting off its fifth year by reporting another quarter of increased earnings – the 14th straight quarter in which that’s happened.
A new round of talks about the schools merger and municipal school districts is about to begin.
Memphis-made VeinViewer increasing patient satisfaction at hospitals
A provision of the Affordable Care Act that ties patient satisfaction to reimbursement has been a boon for medical device maker Christie Medical Holdings Inc.
Later this month, three independent retail shops that stretch from Oxford, Miss., to East Memphis will join forces Downtown for a one-day “pop-up shop” event that includes food and music.
Shelby County Mayor Mark Luttrell refers to county government as “wholesale level government.”
There were some signs early on that finding a restaurant operator for Beale Street Landing might be difficult.
Design work on the “Main to Main Connector” project is at the halfway point. And the city team overseeing the project is due to complete plans by the end of May to trigger a $15 million appropriation of federal funding in June.
More young people hold off on home ownership
Local property management companies like Lubin Property Management LLC and Renshaw Property Management are capitalizing on the trend for young potential homebuyers choosing to rent instead of buy.
The committee recommendations are in for new names for three Confederate-themed city parks. And the long-running controversy about the parks is now back to the Memphis City Council.
The Women’s Foundation for a Greater Memphis paid tribute to six local women at a sold-out luncheon of more than 1,600 attendees on Friday, April 26.
Papa Murphy’s, one of the largest pizza companies in the U.S., is looking to grow its Memphis presence exponentially.
Paul Morris hesitated when he started organizing the project launch two weeks ago for the renovation and conversion of the old Chisca hotel into an apartment building.
New Ballet Ensemble extends reach with grant
The New Ballet Ensemble and School is a first-time recipient of a grant from the National Endowment for the Arts, money the Midtown-based school is using to create and perform an original dance work.
State Senate Democratic leader Jim Kyle of Memphis says Republicans in the Tennessee General Assembly are becoming like “Dixiecrats” – the Southern segregationist Democrats in the U.S. Congress in the late 1940s who formed their own party for a time.
A rare display of French jewelry and designs at the Dixon Gallery and Gardens traces the history of jewelry design from the late 17th century to after World War II.
About 74 percent of Mid-South nonprofit organizations reported increased service demands in 2012, compared with 72 percent a year earlier. But many of those organizations cannot fully meet the demand for increased services because of funding constraints.
The Memphis Area Association of Realtors Commercial Council honored its most productive members of 2012 at the 12th annual Pinnacle Awards gala, held Thursday, April 25, at the Memphis Country Club.
A quick rewind, back to those desperate days after the first two games of the Grizzlies-Clippers series in Los Angeles. You remember those days, right? Grizzlies in a 0-2 hole and, in the first game, looking totally outclassed.
Disappointments past can set up unmitigated joy in the present. At its best, that’s how this whole sports fandom thing works.
When Memphis native Ashley Harper graduated from Central High School and left town, it was for the mountains.
MEMPHIS LAW TALK
As supervising attorney over both the Judge’s Action Center and the Office of Advocate for Noncustodial Parents at Memphis-Shelby County Juvenile Court, Tom Coupé works to ensure that the most vulnerable members of society are being fairly and equally represented.
Kristen Briglia has joined archer-malmo as web/broadcast turbo artist. In her new role, Briglia will produce web graphics, HTML and video-editing services for the growing digital and broadcast departments, and will also help on print projects as needed.
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GET IT TOGETHER. Cooper is on fire. From the cougars in the zoo to the cougars in Alchemy, the viewing is best at feeding time. From the lions at the zoo to the lyonnaise salad at 1912, this is a stretch to strut in.
Over 200 S&P 500 companies have now reported earnings. While 70 percent or so have beaten expectations, the blended earnings growth rate has basically flat lined. Using revenues as a purer gauge adds little encouragement. Revenues have also flat lined over the last year. Without an uptick in global economic activity or the ability to pass on price increases to customers, US earnings look winded. How can the rally persist without growth?
Ray’s Take Modern Portfolio Theory argues it’s essential to determine the right mix of investments for your portfolio so your level of risk tolerance is balanced with opportunities gained. A portfolio of 60 percent stocks and 40 percent bonds has long been considered a standard.
In last week’s column, I told how a guy from another city and state who spends his winters in Belize wound up with a dead ringer for my phone number on a cell phone he bought in that country. Starting with Belize’s country code, 501, being identical to Arkansas’ 501 area code and continuing through each and every one of the last seven digits, “George’s” cell number is identical to my home land line.
I’ve never met a sales person worth his weight who feels as though he has free time during the workday. Time is definitely a luxury for motivated sales professionals. After all, there are typically infinitely more prospects to call on than we have hours in the day. That’s why the most successful in sales are masters of their schedule, rather than slaves to it.
We get asked about pricing all of the time. Usually, the inquisitor is looking for a simple answer but the topic is vastly complex due to the many variables involved.
Last week we highlighted Friends For Life Corp., which is an organization helping people affected by HIV/AIDS to live well. This week let us discuss an important trend in corporate philanthropy and spotlight a local company leading by example.
A couple of weeks ago, my colleague Andy Cates penned an article regarding the impact of e-commerce on distribution and industrial real estate. If you think about it, regardless of the channel you use to buy, the item you purchase still has to get from seller to buyer in some manner. From a distribution perspective, as more people order online rather than shop in retail stores, more distribution is moving to direct-to-consumer and that will have an impact on distribution strategy. So what about the impact from the retail perspective? What is the future of the physical retail store?
If you read much about stress, you quickly find out that stress isn’t necessarily a bad thing. The human stress response, or fight-or-flight system, was designed by Mother Nature to be your friend and help you in times of potential trouble. However, if you read on you also learn that, to state it somewhat bluntly, stress can kill you. So there you go; from not being so bad to … it can kill you. That’s not very confusing is it?