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VOL. TMN-11 | NO. 14 | Saturday, April 7, 2018
Weekly Issue

Strickland Jeered Over Duran Arrest During MLK50 Event

Memphis Mayor Jim Strickland was jeered Saturday, April 7, and called a “coward” and “liar” at a rally as part of a “Cathedral to City Hall” MLK50 event outside City Hall.

State of Flux

Health care costs, delivery evolving in an environment that’s always changing

Anyone paying attention to recent news headlines alone should have a pretty good indication that health care in the U.S. – really anywhere you look, on local, state or national levels – remains a byzantine, expensive proposition. Health care keeps getting more expensive. It involves navigating a lot of paperwork with bureaucratic legalese that bears the fingerprints of a tangle of stakeholders, including insurers, doctors and lawmakers.

SPECIAL EDITION The Status of Health Care

Medical Device Makers Hoping For Permanent Repeal of Excise Tax

Local medical device manufacturers are breathing a sigh of relief this year following the January delay of the 2.3 percent medical device excise tax, and most are hoping for a permanent repeal sometime in the next 21 months. The tax is now set to go into effect on Jan. 1, 2020, saving device companies as much as $3.7 billion during the two-year suspension.

ER Visits Show Methodist South Filling Primary Care Gap in Whitehaven

Methodist South Hospital in Whitehaven has for more than a year been the site of a flurry of construction projects, including an $8.7 million expansion of the emergency department that wrapped up last year, while an upgrade of the intensive care unit is underway now.

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EVENTS

Art by Design, a designer showcase benefiting ArtsMemphis, is underway through Sunday, April 8, in the Pipkin Building at the Mid-South Fairgrounds. More than a dozen interior design team have created custom “vignettes” within a chic gallery showroom, with special presentations each day. Single-day tickets are $20.  Visit artsmemphis.org for details and hours.

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Medical Pot Bill Dies in Committee, But Senate Sponsor Promises Return

Legislation decriminalizing medical marijuana in Tennessee is effectively dead for the year after its Senate sponsor, Nashville Republican Sen. Steve Dickerson, withdrew the bill from a Senate Judiciary Committee hearing Tuesday, April 3.

Memphis Lawmakers Helped Advance Medical Marijuana Bill in House

NASHVILLE – Three Shelby County lawmakers played key roles in helping a medical marijuana bill move through the Legislature, supporting its passage in the House Criminal Justice Committee before the bill was pulled Tuesday, April 3, by its Senate sponsor, Democratic state Sen. Steve Dickerson of Nashville.

EDITORIAL

Editorial: Universal Life a Blueprint For Building Black Wealth

While many of us were thinking about and remembering the turbulent events of 1968, this week brought another significant nod to the past with a commitment to the future.

MLK 50

MLK50 Observances Come With Appeals, Memories

The way National Civil Rights Museum president Terri Lee Freeman described it as the MLK50 commemorations began this week, the church bells would cascade when they rang Wednesday, April 4, starting at 6:01 p.m. – the moment Dr. Martin Luther King Jr. was shot 50 years ago.

Holder: After King, Political System is 'Far From Fair'

Former U.S. Attorney General Eric Holder told a University of Memphis and National Civil Rights Museum symposium Monday, April 2, that Dr. Martin Luther King Jr. helped create “a new country” in 39 years of life but that “it is necessary to be indignant and be impatient” 50 years after King’s death.

King's Children See New Movements, Same Challenges 50 Years After Mountaintop

The bright and multi colored lights at Mason Temple Church of God In Christ gave way for a few minutes Tuesday, April 3, to a single white spotlight on the empty pulpit of the South Memphis church and a recording of part of the speech Dr. Martin Luther King Jr. delivered from the pulpit 50 years ago Tuesday.

THE MEMPHIS NEWS ALMANAC

April 6-12, 2018: This week in Memphis history

2008: The University of Memphis Tigers play Kansas at the Alamodome in San Antonio, Texas, for the NCAA men’s basketball championship. The Tigers, led by coach John Calipari and Derrick Rose in his one and only year of college basketball, lose 75-68 in overtime. It marks the first time the Tigers have played in the NCAA championship since the 1973 finals won by UCLA, and it is Calipari’s first time back at the championship since his University of Massachusetts team won in 1996.

ECONOMIC DEVELOPMENT

Universal Life Insurance Building Reopens With New Hope for Black Economic Growth

There is still some build-out to be done on the Universal Life Insurance building at Danny Thomas Boulevard and Martin Luther King Jr. Avenue. But Memphis Mayor Jim Strickland and other dignitaries cut the ribbon Tuesday, April 3, on the formal reopening on the 1920s Egyptian-themed landmark in black business enterprise.

EDGE Advances Both of EPE’s Graceland Expansion Requests

After multiple delays, lawsuits, and revamped plans, the next phase Elvis Presley Enterprises’ expansion plans have been approved by the Economic Development Growth Engine for Memphis and Shelby County.

ARTS & ENTERTAINMENT

Outside the Box

Memphis Symphony Orchestra unveils 2018-19 season lineup

The Memphis Symphony Orchestra wants audiences to be “challenged” and introduced to new people and ideas via its programming choices and performance series, a philosophy that informed how the symphony’s upcoming season, which kicks off in September, was put together.

REAL ESTATE & DEVELOPMENT

Two Downtown Hotel Projects Moving Forward After Delay

Two Downtown Memphis hotel projects that were seemingly in stasis appear to moving forward.

New Apartments Coming to Broad, Clark Tower Inks Another Tenant

A multifamily project planned for Broad Avenue could provide the housing element that takes the arts district to the next level. -
In many ways the Broad Avenue water tower has become the defining emblem of the iconic arts district, but the empty warehouse it sits on stands in stark contrast from the vibrant shops, restaurants and art galleries that line the more developed south side of the street.

NONPROFIT SECTOR

A Place to be Heard

AngelStreet Memphis lifting girls up through music

On a recent weekday afternoon at AngelStreet in North Memphis, dozens of girls age 8-18 are practicing a song, “We Are the World.” Their voices seem to blend together naturally. It takes but a few seconds to hear the talent that’s in the room.

GOVERNMENT & POLITICS

Luttrell Says He Might Veto Contract And Budget Amendment Moratorium

Shelby County Mayor Mark Luttrell says placing a moratorium on any contracts or budget amendments through the end of August is “counterproductive” and he is considering, among other reactions, a veto of the measure approved Monday, April 2, by the Shelby County Commission.

County Commission Approves Contract Moratorium

Shelby County commissioners approved a moratorium Monday, April 2, on all county contracts and budget amendments worth more than $50,000 through the end of August.

Young Takes Helm at MLGW With Look At Storm Measures, Better Communication

The new president and CEO of Memphis Light, Gas and Water Division has seen a storm or two in his career, including hurricanes.

Lenoir: County Tax Decrease Was ‘Smoke and Mirrors’

With the estimate last month of an $18 million to $25 million county budget surplus for the fiscal year that ends June 30, taxes are about to become an even bigger issue in the Republican primary for Shelby County mayor.

TRANSPORTATION & LOGISTICS

Airport Overhaul Hits Milestone With B Concourse Closure

Roughly a year after Memphis International Airport first unveiled its $214 million modernization plan, the project is taking its next significant step.

MEMPHIS NEWSMAKERS

Perry Leading Fire Museum Forward as Executive Director

Shannon Perry became executive director of the Fire Museum of Memphis earlier this year, a role that brings her back to the institution she helped launch in the 1990s, when she served as its first curator. As executive director, Perry is the Fire Museum’s only full-time employee, and she handles a range of functions – including its collection, exhibits and facilities, budgets, fundraising, public relations, special events, staff and volunteers – while also working directly with the museum’s board.

Under Hardaway, Memphis Again Can Have Hometown Heroes

Headline from the future: “Alex Lomax Leads Memphis Tigers into the Sweet 16.”

MARKETING & ADVERTISING

Former FHN Communications Chief Launches New Venture

Back in the summer, Memphis-based First Tennessee Bank was listed as the fifth most reputable bank in the nation in a report from the industry-focused news publication “American Banker.”

FINANCIAL SERVICES

Rebranded Shoemaker Insurance Expands

Shoemaker Financial president and CEO Jim Shoemaker isn’t sure there is ever a perfect time for expansion and rebranding, but with the economy strong and his company well positioned for a transition of leadership, he could not hold off growing Shoemaker’s insurance line any longer.

Nashville-based Trust Company Opening Memphis Office

Pendleton Square Trust Co., a Nashville-based independent trust and family office company, has hired an executive away from First Tennessee Bank to help launch and open an office in Memphis in the coming months.

SPORTS

Redbirds Redux?

After Historic 2017 Season, Redbirds May Have as Much Talent This Year

So what do the Memphis Redbirds do for an encore after an historic 2017 season? “For an encore, hopefully do it again,” said infielder Patrick Wisdom. “That’s what encore means. Get to 100 wins. That’d be nice.”

Who Starts on Defense? You’ll Have to Wait

Jeremy Pruitt hasn’t been afraid to change things around during his first spring practice as Tennessee’s head football coach.

MARTHA KELLY'S MEMPHIS

A Dream Remembered

With the world honoring the memory of Dr. Martin Luther King Jr. this week, Memphis artist Martha Kelly depicts the National Civil Rights Museum at the Lorraine Motel, where King was assassinated 50 years ago. Kelly, who illustrates local life and culture each month for The Daily News, can be reached at marthakellyart.com. (Martha Kelly)

VIEW FROM THE HILL

Lawmakers See Conspiracy In UT Board Alterations

It’s not that hard to light a fire under some state lawmakers, but the University of Tennessee FOCUS Act raised blood pressure considerably in the House of Representatives before barely passing with 51 votes.

LOCAL COLUMNISTS

Bouki Fait Gombo

THE OWNED PERSPECTIVE. From 1936 to 1938, as part of the WPA and the Federal Writers’ Project, more than 2,000 interviews were conducted with former slaves resulting in “Slave Narratives: A Folk History in the United States.” Those former slaves were very old by then, but their memories of dark childhoods were clear.

To Refinance or Not to Refinance?

Ray’s Take: According to The American Mortgage in Historical Context, 30-year mortgages are a relatively new thing. In the time before the Great Depression, mortgages had short maturity times and usually required a very high down payment. Pre-Depression mortgages featured variable interest rates and were usually renegotiated on a yearly basis. Boy, have times changed!

Tracing Civil Rights Struggle Through Travel

Attention is on Memphis this year with the MLK50 commemoration to honor Dr. Martin Luther King Jr. on the 50th anniversary of his assassination on April 4, 1968. Keeping this focused on travel, I believe it’s a good time to point out some of the newer civil rights sites across the U.S., along with a few that have been around for a while – all opportunities to honor King’s legacy while trying to better understand the struggle.

Fake Hotel Booking Websites a Growing Problem

NBC ran a story about a family who booked a room on the ocean but found they had no view of the water at all when they got to the hotel. A family of five arrived at the hotel and found that the room reserved for them only had one king bed. It was summer in Florida, the hotel was full, and there was nothing the manager could do to accommodate the families.

Transparency Helps Build A Diverse Workforce

Diversity is one of the most important issues companies are focused on today. LinkedIn recently found that more than half of companies say they are very or extremely focused on diversity. This is good news, especially when you consider the World Economic Forum recently estimated it will take 217 years for women to reach complete equality in pay and employment opportunities.

Geofencing is Gaining Ground

While marketers anticipate that e-commerce will continue to push retail boundaries throughout 2018, mobile commerce is a large factor in that boundary movement, widely due to advanced interest in geofencing.

Capitalism Isn’t Broken, It’s Been Hijacked

We live in tense times. In our era, we’ve seen systemic and corporate fraud at SkyTel, Enron, and others. We’ve watched our tax dollars bail out many of the largest banks and insurance companies.

Philanthropic Investments in the Black Community

As Memphis and the world marks the anniversary of the assassination of Dr. Martin Luther King Jr., there is much to reflect on and much to look forward to. Our reflections can be a source of inspiration for what we can accomplish together moving forward into the future. We can embrace the “fierce urgency of now” that King spoke of.

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PROPERTY SALES 0 0 11,526
MORTGAGES 0 0 13,427
FORECLOSURE NOTICES 0 0 1,858
BUILDING PERMITS 0 0 24,165
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UTILITY CONNECTIONS 0 0 4,681
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The Memphis News: Business, politics, and the public interest.