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VOL. 133 | NO. 141 | Tuesday, July 17, 2018

The Daily Memphian to Launch in Fall as Memphis' Definitive News Source

A new seven-days-a-week news outlet called The Daily Memphian will make its debut this fall, with many of the biggest names in Memphis journalism and a unique not-for-profit funding model. The ambitious effort’s goal is to become the city’s definitive news source with reporting of, by and for Memphis.

Grizzlies Trading McLemore, Davis to Sacramento for Guard Garrett Temple

The Memphis Grizzlies are trading guard Ben McLemore, big man Deyonta Davis and a future second-round draft pick to the Sacramento Kings for guard Garrett Temple, according to ESPN’s Adrian Wojnarowski.

Efforts To Grow Black Business Face Wealth Gap

The story of a business founded by maxing out personal credit cards or using home equity or both is usually told when that big financial risk works. You don’t hear a lot about when it doesn’t work.

There’s an App for That

Startup diversiFIT Allows Members to Access Variety of Fitness Classes

Cole Giovannetti is one of those weekend athletes who can’t stop training, or finding different ways to train.

Colliers Hired to Lease Lake District Office Space

Lake District developer Gilad Development Inc. has hired real estate brokerage firm Colliers International to handle the leasing for the office portion of the 160-plus-acre mixed-use development.

Local Weather
Currently
Memphis, TN
85.0°F
Light Rain
Wind: South at 5.8 mph
Humidity: 68%

EVENTS

Memphis River Parks Partnership hosts Urban M: Considering the Future of Mud Island with Leslie Koch Tuesday, July 17, at 4 p.m. at Beale Street Landing, 215 Riverside Drive. Koch will discuss her work leading the transformation of Governors Island in New York and lessons that can be applied in Memphis. Visit facebook.com/memriverparks for details.

more events »

Last Word: Early Voting Goes Bigger, Worst Kept Secret and Christmas on Carr

By 9:30 p.m. Monday, 599 people were still without power from weekend storms, according to MLGW with crews working into Tuesday. Meanwhile, 4,324 citizens had voted early through Monday at five sites with early voting expanded to all 27 sites Tuesday. There has to be some kind of connection there but at the moment it eludes me. Meanwhile, here is the grid of early voting sites and their hours from the Shelby County Election Commission… grid, get it?

Shrinking Inventory Keeps Home Prices Climbing

Limited lot space, lack of lumber and a labor shortage are just a few of the reasons behind increasing home sales prices in Shelby County.

Former Redbirds Manager Mike Shildt gets First Win as Cardinals' Interim Manager

The St. Louis Cardinals’ firing of manager Mike Matheny late Saturday, July 14, cued an opportunity for former Memphis Redbirds manager Mike Shildt as he was promoted from his bench coach position to interim manager. He wasted no time getting his first victory as the Cardinals beat the Cincinnati Reds 6-4 on Sunday before the start of the MLB All-Star Break.

SEC Commissioner Sankey: 6-1-1 Football Scheduling Format has Worked Well

Expansion of legalized sports betting will require scrutiny, Sankey says at Media Days

ATLANTA – Southeastern Conference Commissioner Greg Sankey addressed the expansion of legalized sports betting and the league’s football scheduling format in his opening address Monday, July 16, at the annual SEC Media Days at the College Football Hall of Fame and Omni Hotel.

REAL ESTATE RECAP

Amazon, Container Store Eye New Locations in Memphis

5155 Citation Dr. -
The Container Store, a national retail brand that specializes in storage and organizational products, is planning a Germanton location near Trader Joe’s.

LOCAL COLUMNISTS

Three Fundraising Suggestions For Board Members

Summer is the season for nonprofit board retreats. We have been asked to facilitate a few recently, with a focus on the role of the board in fundraising. Our clients want to know tips, best practices and specific ways board members can increase their involvement. With this column we share with you three suggestions you as a board member – and you collectively as a board – can take. 

Take a Break from Social Media

A lot of professionals I know relieve stress with a few minutes on Facebook after they finish a phase of a project or need a break from their tasks.

Scammers Trick Consumers into Answering the Phone

Many consumers have become conditioned to not answering an unsolicited call from an 800 or other number they don’t recognize. Crooked telemarketers use a technology called “spoofing” to get past their defenses.

MEMPHIS AREA

3 Former FedEx Workers Charged With Mail Theft

MEMPHIS, Tenn. (AP) – Federal prosecutors in Tennessee say three former FedEx employees have been charged with stealing mail intended for religious organizations.

STATEWIDE

Program Raises Bees in the Face of Population Decline

CHATTANOOGA, Tenn. (AP) – Ivy Academy student Noah Lewis walks outside to inspect the school's bee population each week. Curious students eagerly watch from a distance as the senior beekeeper inspects the hive, looking for signs the queen bee is healthy and repopulating.

GOP, Dem Rivals Raise Millions in Tennessee US Senate Race

NASHVILLE, Tenn. (AP) – Republican U.S. Rep. Marsha Blackburn narrowly outraised Democratic former Gov. Phil Bredesen last quarter in Tennessee's open contest for U.S. Senate, with Blackburn maintaining a 2-to-1 cash-on-hand advantage.

NATIONAL BUSINESS

Small Businesses are Upbeat, But Tariff Fallout is a Threat

Small business owners remain generally optimistic, two recent reports show, but economists say the escalating trade disputes between the U.S. and its biggest trading partners could turn their upbeat attitude around.

Survey of Economists: US Sales and Employment Likely to Grow

DETROIT (AP) – Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them.

Prime Time: A Day of Deals at Amazon, and at its Rivals

NEW YORK (AP) – Amazon's annual "Prime Day" promotion that starts Monday will focus on new products, bringing Whole Foods into the process and persuading subscribers that Prime membership is worth the coming price hike.

Bank of America Q2 Profits Boosted by Tax Law, Higher Rates

NEW YORK (AP) – Bank of America's second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for customers to borrow.

US NEWS

Billionaires Fuel US Charter Schools Movement

SEATTLE (AP) – Dollar for dollar, the beleaguered movement to bring charter schools to Wash-ington state has had no bigger champion than billionaire Bill Gates.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 95 253 13,695
MORTGAGES 96 261 15,827
FORECLOSURE NOTICES 3 24 2,163
BUILDING PERMITS 250 500 28,258
BANKRUPTCIES 57 178 8,828
BUSINESS LICENSES 31 85 4,650
UTILITY CONNECTIONS 33 93 5,486
MARRIAGE LICENSES 9 57 2,951

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The Memphis News: Business, politics, and the public interest.