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VOL. 132 | NO. 226 | Tuesday, November 14, 2017

Beale Hotel Developers Change Plans

The developers of a five-story, 101-room Best Western Vib hotel on Beale Street have changed their plans for the project.

County Pay Raises Move Comes Up Short as Commission Makes New Legal Moves

A move to raise the pay of the county’s top 19 elected positions effective with the winners of the 2018 county elections fell short Monday, Nov. 13, of the two-thirds majority needed to pass in a set of votes by the Shelby County Commission.

Landers Loss Factored Into Coliseum Not Being in Plan

The probability of a repurposed Mid-South Coliseum running an operating deficit as part of a youth sports tournament complex at the Fairgrounds was what prompted Memphis Mayor Jim Strickland and his administration to put a renovation of the arena on hold for now.

EMPHASIS Financial Services

Guidingpoint’s Douglas Discusses Pros, Cons of Short-Term Investing

When folks talk about investing, they are usually referring to something for the long term: saving for retirement, stashing away money for a newborn’s college fund, that sort of thing.

Local Weather
Currently
Memphis, TN
30.0°F
Fair
Wind: Calm mph
Humidity: 75%

EVENTS

Latino Memphis will host “The Future of DACA, an Analysis and Panel Discussion About the DREAM Act” Wednesday, Nov. 15, from 5:30 p.m. to 7:30 p.m. at the Halloran Centre, 225 S. Main St. Jeanne Batalova, senior policy analyst at the Migration Policy Institute, will discuss different versions of the DREAM Act and the impact it could have if approved. There also will be a panel discussion and Q&A with local leaders, immigration advocates and a local DREAMer. Cost is free. RSVP at eventbrite.com.

more events »

Last Word: No County Pay Raises, Landers' Red Ink and Diversity at First Tn

Grizz lose to the Bucks in Milwaukee Monday 110-103. They return to Beale Street Wednesday to play the Pacers. Beyond that, the football Tigers are home Saturday for the next to last game of their regular season that could clinch their athletic conference.

First Tennessee’s Walker Leading Push To Infuse Diversity Throughout Bank

Memphis-based First Tennessee Bank is already the biggest bank in the state and award-winning for its work atmosphere. But the company isn’t resting on its laurels, instead forging ahead with unique strategies to better reflect the communities it is serving through a top-down, baked-in approach to ensuring diversity at every level of the organization.

Non-Bank Lenders See Business Rise Among Shelby County Homebuyers

One byproduct of the steady upward climb in volume generated by Shelby County’s mortgage market over the past year or two is that banks – traditional brick-and-mortar institutions, that is – haven’t been the only beneficiary of the consumer demand behind that trend.

Tennessee Elections Coordinator Says Ranked-Choice Voting Not Permissible

The Tennessee elections coordinator told Shelby County’s administrator of elections in September that it is illegal to use ranked-choice voting anywhere in the state because there are no state guidelines and procedures for counting the second and third preferences of voters to avoid a runoff election.

Chemical Manufacturer Seeks Incentives to Open Memphis Facility

Peroxychem LLC, a Philadelphia, Pennsylvania manufacturer of hydrogen peroxide, peracetic acid and persulfates, is looking to expand into the Memphis market.

SPORTS

Tigers Can Clinch AAC West Saturday at Home vs. SMU

Good things were expected. Great things were considered possible. In the preseason, anticipation was high for Mike Norvell’s second University of Memphis football team.

Butch Jones Out as Tennessee’s Football Coach

KNOXVILLE, Tenn. (AP) – Tennessee began the season in the Top 25 and is ending it with a coaching change. The Volunteers fired Butch Jones on Saturday, Nov. 11, as they enter their final two regular-season games searching for their first Southeastern Conference victory, a stunning fall for a team that had won bowl games each of the last three seasons.

REAL ESTATE RECAP

Shelby Farms Draws $142 Million, 71-Acre Development

Elmington Capital Group has submitted plans for a 71-acre senior housing, apartment and single-family development next to Shelby Farms Park. Dwell at Shelby Farms is a new $142 million development to be located on the north side of Raleigh-LaGrange Road near the intersections of Trinity and Fischer Steel roads.

LOCAL COLUMNISTS

What Business Are We In?

Frequent readers of this column know we are always asking questions. What you may not know is that our team members are busy asking us questions, challenging us to “think outside the box.”

How Betting On the 76ers Paid Off

A talk by Rhyan Truett, director of Innovation Lab operations, Philadelphia 76ers. Rhyan Truett is the director of operations at the Sixers Innovation Lab crafted by Kimball. The Sixers Innovation Lab supports rapidly growing, early-stage companies in the consumer product space and provides speed and flexibility; individualized, industry-leading consulting; and investment opportunities to startups with potential.

STATEWIDE

UT-Chattanooga Gets $1M Donation for Veterans Program

CHATTANOOGA, Tenn. (AP) – The University of Tennessee at Chattanooga has received a donation of more than $1 million to support an entrepreneurship program for veterans at the school.

REGIONAL NEWS

Appeals Court Won't Reconsider Planned Parenthood Defunding

LITTLE ROCK, Ark. (AP) – A federal appeals court says it won't reconsider a panel's ruling that Arkansas can block Medicaid funding to Planned Parenthood, two years after the state ended its contract with the organization over videos secretly recorded by an anti-abortion group.

Arkansas High Schools to Teach Financial Literacy

FAYETTEVILLE, Ark. (AP) – Arkansas students won't be able to graduate from high school without some understanding of financial planning, taxes and household budgeting.

Oxford Mayor Planning Leadership Program for Girls

OXFORD, Miss. (AP) – Just a few months after taking office, the new mayor of Oxford is working on a priority that pre-dates her election: launching a leadership program for fifth-grade girls.

NATIONAL BUSINESS

Qualcomm Rejects Broadcom's $103 Billion Offer

NEW YORK (AP) – Qualcomm rejected an unsolicited, $103 billion offer from Broadcom, saying that the proposal is significantly undervalued and that a tie-up between the massive chipmakers would face substantial regulatory resistance.

NATIONAL GOVERNMENT

Trump Names Former Drug Exec as New Health Secretary

WASHINGTON (AP) – Turning to an industry he's rebuked, President Donald Trump on Monday picked a former top pharmaceutical and government executive to be his health and human services secretary, overseeing a $1 trillion department responsible for major health insurance programs, medical research, food and drug safety, and public health.

Trump Barges Into Tax Debate, Seeks Deeper Cut for Wealthy

WASHINGTON (AP) – President Donald Trump on Monday barged into congressional Republicans' carefully calibrated work on revamping the nation's tax code, calling for a steeper tax cut for wealthy Americans and pressing to add a contentious health care change to the mix.

LEGAL AFFAIRS

Sports Betting Isn't Legal, But Firms are Jockeying Already

ATLANTIC CITY, N.J. (AP) – Some gambling technology companies expect the U.S. Supreme Court to legalize sports betting and are jockeying for position in the new industry months before a decision is even rendered.

Trump Choosing White Men as Judges, Highest Rate in Decades

WASHINGTON (AP) – President Donald Trump is nominating white men to America's federal courts at a rate not seen in nearly 30 years, threatening to reverse a slow transformation toward a judiciary that reflects the nation's diversity.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 115 270 19,843
MORTGAGES 141 311 23,225
FORECLOSURE NOTICES 35 83 8,387
BUILDING PERMITS 0 338 40,366
BANKRUPTCIES 74 196 13,300
BUSINESS LICENSES 25 48 6,185
UTILITY CONNECTIONS 40 125 13,120
MARRIAGE LICENSES 15 73 4,915

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