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VOL. 133 | NO. 54 | Thursday, March 15, 2018

FedEx Investing $1 Billion in Memphis Hub Modernization

Memphis-based FedEx Corp. will spend $1 billion on a modernization of its Memphis hub over a six-year period, company founder, chairman and CEO Fred Smith announced Wednesday, March 14.

Smith Out as Tigers Basketball Coach, No Word on Replacement

As expected, the University of Memphis and head men’s basketball coach Tubby Smith parted ways on Wednesday, March 14.

Bill Making It a Felony for Unauthorized Monument Action Dies for the Session

NASHVILLE – One of several bills considered retribution against the city of Memphis for the removal of Confederate statues died in a House committee today amid questions about its constitutionality.

Peace of Mind

Memphis Leadership Foundation aiding nonprofits with back-office support

Each summer, about 150 inner-city youth enjoy For the Kingdom Camp. The purpose is to provide a Christ-centered and challenging camping environment for discipleship, character-building and recreation.

Last Word: The Memphis Hub Modernization, Gun Protests and MLK 50 Plans

Back in January, the FedEx board approved a $3.2 billion package that had pay raises, bonuses and similar items that have become the corporate reaction to federal tax reform that set a lower rate of taxation for companies that repatriate money they have overseas. There was a mention of $1.5 billion for the Indianapolis hub and unspecified plans for the Memphis hub to come later. And later was yesterday in a pretty modest announcement at Signature Air given the scope of what FedEx has planned for its Super Hub here.

Local Weather
Currently
Memphis, TN
83.0°F
Overcast
Wind: West at 10.4 mph
Humidity: 82%

EVENTS

Nobel Prize winner John Mather will present “The History of the Universe from the Beginning to the End: Where Did We Come From, Where Can We Go?” as Rhodes College’s 2018 Peyton Nalle Rhodes Physics Lecture on Thursday, March 15, at 6:30 p.m. in McNeill Concert Hall on Rhodes’ west campus, 613 University St. Mather is a senior astrophysicist at NASA’s Goddard Space Flight Center and the senior project scientist for the James Webb Space Telescope. Free and open to the public; reception and book signing will follow. Visit rhodes.edu/events for details.

more events »

Dedication Of Plaza Among King Observances

The city will formally dedicate a plaza in honor of the 1968 striking sanitation workers at an April 5 ceremony, one of numerous events surrounding the 50th anniversary of Dr. Martin Luther King Jr.’s assassination.

Nashville Restaurateur Flies Back To Memphis with Food Truck

Come September, Jesse McDonald will be serving wings out of his new food truck, New Wing Order, with a menu that includes wings, Buffalo chicken tacos and barbecue nachos.

August State and Federal Primary Ballot Taking Shape

With less than a month to file for the August state and federal primary elections, there are still a few decisions to be made by would-be candidates working in the shadows of those running in the May 1 county primary elections.

VIEW FROM THE HILL

Florida’s Epiphany On Guns Means Little in Tennessee

Memphis resident Stevie Moore has been waging a war to take illegal guns off the streets since someone shot his son in the head with an AK-47 15 years ago.

LOCAL COLUMNISTS

Tourism Backlash Creates Dilemma For Travelers

In early February, CNN.com published “12 destinations travelers might want to avoid in 2018,” a list of destinations dealing with tourism backlash because of overcrowding and other issues. In my March 1 column, “Coming Around to Cruises,” I mentioned the mode of tourism as a reason many European destinations are overcrowded.

TENNESSEE LEGISLATURE

Tennessee In-State Immigrant Tuition Bill Clears 1st Hurdle

NASHVILLE, Tenn. (AP) – A Tennessee House subcommittee has approved legislation with in-state tuition for public college students whose parents brought or kept them in the country illegally.

Republican Reeves Wins Special Election to Tennessee Senate

NASHVILLE, Tenn. (AP) – Republican Shane Reeves has won a special election to fill a vacant seat in the Tennessee Senate.

STATEWIDE

Panel Dismisses Campaign Finance Complaints Against Black

NASHVILLE, Tenn. (AP) – A Tennessee panel has dismissed two campaign finance complaints against Republican U.S. Rep. Diane Black in her gubernatorial bid.

US NEWS

'Enough is Enough': US Students Stage Walkouts Against Guns

Declaring enough is enough, tens of thousands of young people from Maine to California walked out of school to demand action on gun violence Wednesday in one of the biggest student protests since the Vietnam era.

SCIENCE & TECHNOLOGY

Stephen Hawking: 'His Laboratory Was the Universe'

WASHINGTON (AP) – Everyone knew of Stephen Hawking's cosmic brilliance, but few could comprehend it. Not even top-notch astronomers.

NATIONAL BUSINESS

Microsoft Finds Few Gender Discrimination Complaints Valid

SEATTLE (AP) – Only one of 118 gender discrimination complaints made by women at Microsoft was found to have merit, according to unsealed court documents.

Former Equifax Executive Charged With Insider Trading

ATLANTA (AP) – Insider trading charges were announced Wednesday against a former Equifax executive who sold his shares for nearly $1 million before the company's massive data breach was revealed to the public and the stock price plunged.

Holmes Surrenders Theranos, Pays $500K After ‘Massive Fraud’

NEW YORK (AP) – Elizabeth Holmes, a Stanford University dropout once billed as the "next Steve Jobs" has forfeited control Theranos, the blood testing startup she founded, and will pay $500,000 to settle charges that she oversaw a "massive fraud."

Lawsuits Accuse Automakers of Faulty Air Bags, Recall Delays

DETROIT (AP) – General Motors, Fiat Chrysler, Volkswagen and Mercedes all knew of problems with dangerous exploding Takata air bag inflators years before issuing recalls, according to three class actions filed Wednesday with the federal court in Miami.

Tariffs Lift Hopes for Jobs in American Mill Towns

In the heart of America's diminished steel country, support for President Donald Trump's tariffs on imports is broad and bipartisan. It is tempered, though, by a strong streak of realism.

NATIONAL GOVERNMENT

Trump Picks Camera-Proven Kudlow as Top Economic Aide

WASHINGTON (AP) – President Donald Trump has chosen Larry Kudlow to be his top economic aide, elevating the influence of a long-time fixture on the CNBC business news network who previously served in the Reagan administration and has emerged as a leading evangelist for tax cuts and a smaller government.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 10 70 1,928
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762
BUSINESS LICENSES 23 184 4,083
UTILITY CONNECTIONS 22 166 4,847
MARRIAGE LICENSES 16 81 2,625

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