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VOL. 133 | NO. 48 | Wednesday, March 7, 2018

Smith Pens Email to Local Leaders to Clarify Position on EDGE

Greater Memphis Chamber chairman Richard Smith penned a lengthy email to Memphis City Council and Shelby County Commission members Tuesday evening to clarify “misconceptions amongst the bodies when it comes to economic development in our community.”

TVA Says Arsenic Found In Upper Aquifer But Not Memphis Aquifer

The Tennessee Valley Authority has confirmed arsenic and other substances found last spring in elevated levels in monitoring wells in southwest Memphis are also in an upper water aquifer above the deeper Memphis aquifer.

Allegiant Adds New Nonstop Flight to California

Allegiant will be adding a new nonstop service between Memphis International Airport and Oakland International Airport beginning May 30.

City Council Continues to Dabble In Art Issues

Memphis City Council members were told Tuesday, March 6, that removing a mural from a private business front on Lamar Avenue will be difficult despite a council call to do so.

City Weighs New Sewer Connections in Cordova, Bartlett

The city of Memphis’ policy of no new connections to the city’s sewer system for unincorporated Shelby County got the attention of local developers last week.

Local Weather
Currently
Memphis, TN
73.0°F
Mostly Cloudy
Wind: South at 6.9 mph
Humidity: 94%

EVENTS

Memphis International Airport will host the MEM Modernization Pre-Bid Networking Forum Thursday, March 8, from 8 a.m. to 10:30 a.m. at the Holiday Inn University of Memphis, 3700 Central Ave. Attendees will hear from airport officials, learn about the bidding process and meet eligible bidders who are being evaluated for the B Concourse modernization project. Local, minority- and women-owned businesses are encouraged to attend to learn about subcontracting opportunities. Visit flymemphis.com/prebidforum to learn more.

more events »

Halfway There

ServiceMaster welcomes latest wave of employees Downtown

Downtown’s office population grew by 300 people this week as ServiceMaster Global Holdings welcomed the largest influx of employees to its new corporate headquarters in the old Peabody Place Mall.

Forrest Slave Market Site to Get New Marker In April

A new historical marker to be unveiled April 4 on the southwest corner of Adams Avenue and B.B. King Boulevard will note what the existing 63-year old marker doesn’t – that it was not only an early home of Confederate general, slave trader and Ku Klux Klan Grand Wizard Nathan Bedford Forrest. It was also the site of the slave market that Forrest owned and operated for six years.

Last Word: Penny Turns Up, Boots to Tickets and Ag Innovation

So it begins as it always does in the world of Tigers basketball. Gary Parrish of CBSSports reporting the University of Memphis is considering a change from Tubby Smith to Penny Hardaway. Hardaway’s name last surfaced during the exit of Josh Pastner. This time around, the report is that Hardaway has already started rounding up possible staff members. This will either vanish with a very quiet poof and University officials saying they always review their options at the end of the regular season or it will move swiftly to an announced deal.

AgLaunch Finds Traction In Intersection of Startups, Investors and Farmers

Jan Bouten, a partner in Innova, the local early stage investment capital group, has some basic standards when deciding on startup companies to invest in.

3 Elite Teams Favorites in AAC Tournament

Memphis, Others Aim to Make Noise

The American Athletic Conference Tournament tips off on Thursday, March 8, In Orlando, Florida, and the field will include two teams in the Associated Press Top 15 and a third in Top 25.

Fed Numbers Show Local Lending Increase

Robert Shaw is among the Memphis banking executives looking forward to what the rest of 2018 will bring. He is CEO of Memphis-based Paragon Bank, which at the end of February announced record-breaking revenue and pre-tax income for the fourth quarter of 2017. The numbers were driven by solid loan growth, a healthy net interest margin and continued attention to controlling expenses.

LOCAL COLUMNISTS

The New World Of Social Media

Social media used to be so fun. We could all stay connected with friends and family, for long periods of time and around the world. It felt like social media was expanding our friend circles. For example, I have reconnected with friends that date back to kindergarten. Before the internet, this would have been much more difficult.

Is Facebook Still Relevant?

Expected to lose nearly 2 million users younger than 25 in 2018 to growing social platform Snapchat, many are wondering whether Facebook will remain a prominent business partner beyond 2018.

MEMPHIS NEWSMAKERS

Trey Carter Honored Among Top 35 Millennial Influencers

Patrick “Trey” Carter III has been named one of the Top 35 Millennial Influencers in the Country by the Next Big Thing Movement, a global network of more than 20,000 young professionals and creatives. Carter, president of Olympic Career Training Institute and an active community volunteer, is the only Tennessean to be included on the list. He will be honored Saturday, March 10, at NBTM’s Forward Conference in New York City alongside other influencers, including “The Daily Show” host Trevor Noah, Teen Vogue editor Elaine Welteroth and YouTube vlogger Tyler Oakley.

STATEWIDE

Nashville Mayor Resigns After Affair, Pleads Guilty to Theft

NASHVILLE, Tenn. (AP) – Mayor Megan Barry, a one-time rising star in the Democratic Party with big plans to remake Nashville, resigned Tuesday after pleading guilty to cheating the city out of thousands of dollars as she carried on an affair with her bodyguard.

TENNESSEE LEGISLATURE

Tennessee GOP Leader Drops Name From Bump Stock Ban Bill

NASHVILLE, Tenn. (AP) – A few days after signing on, a Republican Tennessee Senate leader has dropped his name from a Democratic proposal to ban bump stock devices that allow guns to fire like automatic weapons.

Tennessee Mulls $250 1st-Time Fine to Carry Gun If No Permit

NASHVILLE, Tenn. (AP) – The Tennessee House has passed legislation that would lower the penalty to $250 for a first offense of toting a gun without a handgun carry permit.

Country Singer Advocates for Tennessee Anti-Harassment Bill

NASHVILLE, Tenn. (AP) – A country music singer is speaking out in support of a proposed bill in Tennessee that would provide better protections against sexual harassment to those working in the music industry.

REGIONAL NEWS

Mississippi Senate OKs 15-Week Abortion Ban, Earliest in US

JACKSON, Miss. (AP) – Mississippi senators have passed a bill that would ban abortions after 15 weeks of pregnancy, which would be the earliest in the nation.

Mississippi GOP Governor Won't Appoint Himself to US Senate

JACKSON, Miss. (AP) – Mississippi's Republican governor took himself out of the mix Tuesday for the U.S. Senate seat being vacated by Thad Cochran, saying he'll find another strong contender to keep the seat firmly in GOP hands for decades, as Cochran did.

NATIONAL BUSINESS

Target's Remake is Accelerating, at a Cost

NEW YORK (AP) – Target is increasing the minimum hourly pay to $12 starting this spring, the second increase in a matter of months, while accelerating its reinvention plan to make the discounter more competitive in the age of Amazon.

Payday Lenders, Watchdog Agency Exhibit Cozier Relationship

NEW YORK (AP) – The former CEO of a payday lending company that had been under investigation by the Consumer Financial Protection Bureau has asked to be considered for the top job at the watchdog agency, The Associated Press has learned.

HEALTH CARE

UnitedHealthcare to Pass Drug Rebates On to Some Customers

The nation's biggest health insurer will pass drugmaker rebates along to some customers starting next year, giving a potential break to those taking expensive prescriptions.

Opioid Overdoses in ERs Up 30 Percent as Crisis Worsens

NEW YORK (AP) – Emergency rooms saw a big jump in overdoses from opioids last year – the latest evidence the nation's drug crisis is getting worse.

NATIONAL GOVERNMENT

GOP Lawmakers, Business Groups Pressure Trump on Tariffs

WASHINGTON (AP) – Warning of economic fallout, congressional Republicans and industry groups pressed President Donald Trump on Tuesday to narrow his plan for across-the-board tariffs on imports of steel and aluminum. They said the White House appeared to be open to changes that might soften the impact.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 119 482 10,051
MORTGAGES 119 497 11,811
FORECLOSURE NOTICES 29 82 1,716
BUILDING PERMITS 268 1,056 21,366
BANKRUPTCIES 50 263 6,700
BUSINESS LICENSES 28 151 3,584
UTILITY CONNECTIONS 33 172 4,155
MARRIAGE LICENSES 20 111 2,290

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