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VOL. 131 | NO. 126 | Friday, June 24, 2016


Bill Dries

Last Word: Brexit, Grizz Picks in the NBA Draft and the Race for the 8th

By Bill Dries

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Brexit – British Exit – it is. The end of the European Union in the United Kingdom in Thursday’s referendum there began to make its presence known in financial markets even before the very close vote count was well established.

And that is likely to remain the case into Friday in the U.S. The day is likely to be one of reaction around the world politically and financially.

Overnight here, the pound took a tumble against the dollar as well as the Euro but the Euro was taking a beating as well.

The Guardian runs down the results and what they mean.

Some of you were up late not just for the Brexit vote but for the NBA draft as well and for our purposes here in Memphis, the draft went later than the Brexit outcome.

The Grizzlies draft Vanderbilt guard Wade Baldwin in Thursday evening’s NBA draft. That is the early part.

There was some swapping after that in which the Grizz traded a future first round pick to the Celtics and at the start of the second round took Michigan State power forward Deyonta Davis as well as Serbian player Rade Zagorac, the Celtics doing the honors for the Grizzlies on both.

Then the Grizz followed later in the round with Wang Zhelin, a 7 foot center for Fujian, a Chinese team.

The Republican primary in the 8th Congressional district is the race to watch in the summer campaign season with 13 contenders, six of them from Shelby County. And over the course of several weeks we’ve found the major contenders to agree on much but differ on the question of who is most likely to stick with conservative principles in the hurly burly of Washington, Congress and the full-time practice of politics as well as the holding of real political power.

More on the catering company that is moving into Overton Square’s Atrium – that is the space known as Palm Court in the original square scheme of things.

CFY Catering will also be managing the Atrium, a location where it has lots of experience already catering events.

Biker Alert: Large packs of scooters, including Vespas, around town Thursday.

This is the 24th annual Amerivespa national gathering – a convention of scooter people that began Thursday and ends Sunday. And the several hundred Vespa enthusiasts in town will be riding in large groups for safety.

The Thursday city rides were a music ride and a history ride.

The music ride of 20 miles included several Elvis and Johnny Cash sites.

The history ride of 31 miles included Chucalissa as well as Forest Hill and Elmwood Cemeteries.

There were two long rides Thursday too, both listed as “not 50cc friendly.” Those rides took in Arlington and the Mississippi River Trail through Shelby and Tipton Counties to Mason, Tennessee and lunch at the original Gus’s Fried Chicken.

There are some tips for the visitors in the Amerivespa program including: “Two words about trolley tracks in Memphis, avoid them.”

A different kind of biker alert, the Explore Bike Share effort is being looked at as a possible part of the reconfiguration of the city’s historic Medical Center district.

And much like our Vespa visitors, there are plans for a music route for Explore Bike Share customers.

Cover story by Madeline Faber in the new issue of The Memphis News is on the coming of wine in grocery stores next month. Turns out the rules may change a bit more even after the July 1 launch.

The PDF of the whole issue is on our website already. It hits the streets Friday and the story goes up on this very website a few hours later.

And former Nashville Mayor Karl Dean is our guest Friday at 7 p.m. on the WKNO program Behind The Headlines.

The Memphis Redbirds are half-way through their current season and Don Wade checks in with new majority owner Peter Freund just before Saturday’s “Princess & Pirate Night” which offers some lucky fans a choice between a wand or an eyepatch. The ‘Birds are about 25 percent above last year in attendance.

Reaction galore from our environs to several national stories during the day Thursday:

Memphis Congressman Steve Cohen was among the Democrats who staged a sit-in in the House chambers that ended Thursday. The sit-in was to push for a House vote on gun control legislation. And after the sit-in ended, Cohen went back to make his case further.

“The low-hanging fruit was simply people on the terrorist list not getting guns. Second graders could figure it out. They didn’t,” he said referring to Republicans, “because they knew they would lose."

Cohen then turned to social media posts from those opposing any gun control measures.

“I look at these people and I see the crazy, loony Tweets and see where they come from. A lot of them want their guns to defend themselves from our country. They are survivalists. They are nuts and they run that side. That’s the linchpin of where they are coming from.”

U.S. Sen. Lamar Alexander voted to continue debate on the gun control bill amendments including “no fly-no buy.” He said such proposals should prevent gun sales only “in a way that is consistent with every American’s Second Amendment and Fifth Amendment due process rights.” He also said homegrown terrorists are “our gravest national security threat.”

U.S. Sen Bob Corker voted for the “Johnson amendment” that allows law enforcement to stop those suspected of being terrorists from buying guns and explosives. It also includes due process protections for such a ban. “I have said that I would only support legislation that prevents terrorists from obtaining firearms and protects the Second Amendment rights of law-abiding citizens. I supported the Johnson amendment today because it meets that test and provides a practical solution that could have prevented the terror attack in Orlando while ensuring strong due process protections for all Americans.”

On the U.S. Supreme Court decision on immigration:

Tennessee Attorney General Herbert Slatery: “With the court affirming the lower court, we finally have a decision placing limits on executive authority and confining its role to enforcing, and not making, our laws. … Everyone is frustrated over immigration, regardless of viewpoint. Congress needs to resolve this issue and has done virtually nothing. But with that said, the President does not have the authority to change the law, whether by directive, executive order, a letter or the like. That role is reserved for Congress. Otherwise, the people do not have a voice or an opportunity to influence policy.”

State Sen. Republican Leader Mark Norris of Collierville: “The Supreme Court struck a blow for liberty today and against regulation without representation. It matters who governs and it matters when the power of those who govern is unconstitutionally usurped. … As this administration and its unelected regulators have become increasingly disconnected from the reality of American life and law, it is up to those elected by the people to ensure the federal government stays in check.”

Other Reading:

A political saga from Alabama as chronicled in GQ that is quickly going viral.

PROPERTY SALES 69 357 17,741
MORTGAGES 66 403 20,438
BUILDING PERMITS 208 696 36,641
BANKRUPTCIES 52 210 11,374