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VOL. 133 | NO. 91 | Monday, May 7, 2018

Week Ahead: May 7-13

Happy Monday. This weekend is the one between the Beale Street Music Festival and the World Championship Barbecue Cooking Contest, but there are still Memphis in May International events to attend. Great month to be in Memphis!

AutoZone Liberty Bowl to be Played on New Year’s Eve

The 60th AutoZone Liberty Bowl will be played at 2:45 p.m. on Monday, Dec. 31, and carried on ESPN. Last season, the University of Memphis appeared in the AutoZone Liberty Bowl for the first time after winning the West Division of the American Athletic Conference, but losing to UCF in the league title game.

Verdict Still Out on Tale of Increased Voter Turnout In Primaries

Voting in the May election that included primaries for most Shelby County government nonjudicial offices was up from the 2010 and 2014 primaries for both parties. But what that says about new political blood and energy in both of the local parties is still an open question.

Fred’s Reports Another Quarter’s Bleak Results

Joseph Anto’s first presentation of the quarterly numbers for discount retailer Fred’s Inc. lasted about 13 minutes from start to finish.

Around Memphis: May 7, 2018

The Daily News offers a weekly roundup of Memphis-related headlines from around the web, adding context and new perspectives to the original content we produce on a daily basis. Here are some recent stories worth checking out…

Local Weather
Currently
Memphis, TN
73.0°F
Light Rain
Wind: West at 6.9 mph
Humidity: 87%

EVENTS

Luna Nova Music will perform its Belvedere Festival Preview Concert on Monday, May 7, at 7:30 p.m. at the Beethoven Club, 263 S. McLean Blvd. The program includes works to be performed at the 12th annual festival, scheduled for June 20-23. Admission is free; reception to follow. Visit belvederefestival.org.

more events »

Last Word: BSMF Notes, Political Dominoes and The Teacher Pipeline

Yes, it rained. There was even hail for a brief period. None of that appeared to make a dent in the run of the Beale Street Music Festival. We are still waiting on exact box office numbers. The park was sold out – Ticketfly and at the gate -- early Sunday evening. It wasn’t a sellout Friday and Saturday but ticket supplies were tight for Tom Lee Park with the festival estimating there were thousands more people Saturday than there were Friday. Much to be said for a lineup this year that managed to strike a balance between hipster, cutting edge nobody-knows-about-this-yet new and used-to-be-big-not-so-long-ago nostalgia.

REAL ESTATE RECAP

Two Large Industrial Portfolios in Southeast Memphis Sold

4049 Willow Lake Blvd., Memphis, TN 38118 (portfolio) -
Faropoint Ventures has purchased another batch of properties in the Memphis area, effectively increasing its local footprint by almost 1 million square feet.

THE MEMPHIS NEWS

Editorial: TNReady Problem Reopens Debate on Testing Culture

If there’s a better way to measure academic achievement and growth than testing, we wish someone would name it. Until then, we need a reliable way to objectively determine where students are and what they need to go further. And we can’t change that test so drastically on a regular basis that teachers and school leaders must start over from square one.

Inner Fortitude

College educators partner to train teachers for challenges in urban schools

Amid a teacher shortage attributed partly to economic opportunities luring away candidates, local educators are creating urban teaching programs and adopting new recruitment strategies.

May 4-10, 2018: This week in Memphis history

1989: The Beale Street Music Festival is a two-day affair spread across nine nightclubs on Beale, the stage in Handy Park, a tent and First Baptist Church on Beale. J. Blackfoot and Nighthawks featuring Jimmy Hall as well as Rufus Thomas and Ruby Wilson are the headliners in a mostly local, blues-centric lineup with some zydeco and blues-flavored rock thrown in.

LAST WEEK'S MOST POPULAR

Gibson Building Owners to Partner with Orgel Family

The new owners of the Gibson Guitar Factory building in Downtown Memphis have partnered with a prominent local family to bring the prime parcel of land back to life. 

Commission Races Feature Basar Upset

The Shelby County Commission will have eight new faces when all of the votes are counted in the Aug. 2 county general election.

Lenoir and Harris Advance in County Mayor's Race

Republican David Lenoir and Democrat Lee Harris will meet in the Aug. 2 county general election to decide who will be the next Shelby County Mayor. Lenoir and Harris won their respective primaries easily Tuesday, May 1, 2018.

Once America's Best-Selling Car, The Ford Taurus Dies, Again

DETROIT (AP) – A car that once was America's top-seller is about to die – for a second time.

County Commission Urges Haslam Veto of Immigration Bill

Shelby County commissioners approved a resolution Monday, April 30, urging Tennessee Gov. Bill Haslam to veto a bill that would require local and state law enforcement agencies to work with federal immigration agents on immigration matters.

US NEWS

At What Point Does Crying 'Lynching' Trivialize the Word?

WASHINGTON (AP) – R. Kelly says boycotting his music because of the sexual abuse allegations against him amounts to a "public lynching." Bill Cosby's people say his conviction was a lynching, too. Kanye West, in trying to defend his inflammatory comments about slavery, has been tweeting lynching imagery to assure fans he won't be silenced.

NATIONAL BUSINESS

Wells Fargo Agrees to Pay $480M to Settle Shareholder Suits

SAN FRANCISCO (AP) – Wells Fargo says it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices.

2nd-Longest US Expansion on Record Keeps Churning Out Jobs

WASHINGTON (AP) – The U.S. economy has delivered steady if only modest gains for most Americans since the Great Recession ended in 2009. It's been a frustration for many.

Why Wall Street's Worried About Tesla

Elon Musk's track record for technological feats as chief of SpaceX has turned skeptics into believers in everything from his quest to open space travel to Mars to his desire to build a tunnel for high-speed travel between New York and Washington. As Tesla's CEO, his ambitious vision for electric cars has also earned him a faithful following.

Google to Verify Identity of US Political Ad Buyers

SAN FRANCISCO (AP) – Google says it will do a better job of verifying the identity of political ad buyers in the U.S. by requiring a copy of a government-issued ID and other information.

Keeping What's Yours: Fund Investing Has Never Been Cheaper

NEW YORK (AP) – Being cheap pays off when it comes to fund investing, and more investors are heeding the call.

US ECONOMY

Just Right: Fed Official Says US Living 'Goldilocks' Economy

WASHINGTON (AP) – With steady growth, low unemployment and tame inflation, the U.S. is experiencing a "Goldilocks" economy: Not too hot. Not too cold. But just right.

MEDICAL NEWS

Drug Epidemic Ensnares 25-Year-Old Pill for Nerve Pain

WASHINGTON (AP) – The story line sounds familiar: a popular pain drug becomes a new way to get high as prescribing by doctors soars.

TECHNOLOGY

How to Pick a New Password, Now That Twitter Wants One

NEW YORK (AP) – Yet another service is asking you to change your password.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 401 13,843
MORTGAGES 99 439 16,005
FORECLOSURE NOTICES 19 63 2,202
BUILDING PERMITS 233 998 28,755
BANKRUPTCIES 49 276 8,926
BUSINESS LICENSES 23 136 4,701
UTILITY CONNECTIONS 23 141 5,534
MARRIAGE LICENSES 15 88 2,982

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