`Got to do somethinG` square comes full circle

Transcription

November 8-14, 2013, Vol. 6, Issue 46
Shelby
•
Fayette
•
Tipton
•
Adversity key
foe for tiGers
Crosstown
plans evolving
University of Memphis
basketball coach Josh
Pastner has picked
“adversity” as the
secret to the season –
that is, how the Tigers
handle it throughout
the season. P. 14
The latest plans for
Sears Crosstown
include new windows
that look like the old
ones, but a plan for
greenery is gone as
discussions continue on
parapets. P. 20
»
•
Madison
•
Mechatronics
A new term describes an old concept as manufacturing returns to Memphis P. 16
Herbert Beasley makes
adjustments to a multiple shaft
drive assembly at Southwest
Tennessee Community College.
(Memphis News/Andrew J. Breig)
Square comes
full circle
‘Got to do
something’
The right mix of
entertainment, retail
tenants has Overton
Square abuzz. P. 12
Freedom Awards
honorees challenge
community to be
engaged. P. 20
•
digest: page 2
|
Inked/recap: page 8
|
•
health care: page 18
|
law talk: page 24
|
editorial: page 30
A Publication of The Daily News Publishing Co. | www.thememphisnews.com
www.thememphisnews.com
2 November 8-14, 2013
weekly digest
Get news daily from The Daily News, www.memphisdailynews.com.
Fred’s Key Sales Metric
Edges Higher for October Discount store operator Fred’s Inc.
said Thursday that sales at stores open at
least a year rose 0.8 percent in October.
The company also lowered the high
end of its third-quarter earnings forecast,
citing its October sales performance.
Total revenue for the four weeks
ended Nov. 2 climbed 2 percent from last
year, to $143.4 million.
CEO Bruce Efird said in a statement
that bad weather near Halloween hurt
sales and shoppers clamped down on
their spending during the recent federal
government shutdown. He noted that
while general merchandise sales were
sluggish, pharmacy sales were strong. The
company also had solid performances
from reconfigured departments such as
auto & hardware.
For the third quarter, Fred’s sales
at stores open at least a year rose 1.4
percent, while total revenue increased 2
percent to $460.5 million. Wall Street, on
average, was expecting sales for the quarter of $458 million, according to FactSet.
Year-to-date sales at stores open at
least a year climbed 1.1 percent. Total
revenue rose 2 percent to $1.44 billion.
Fred’s now expects third-quarter earnings to be up 5 percent to 10 percent from
a year earlier. Based on the prior-year
period’s earnings of 18 cents per share,
that implies about 19 cents to 20 cents per
share. Its prior guidance was for 19 cents
to 23 cents per share.
Analysts, on average, forecast earnings
of 22 cents per share.
VESTA Home Show
Begins Saturday
This West Tennessee Home Builders
Association is launching the VESTA Home
Show Saturday, Nov. 9.
This year’s home show, which runs
through Dec. 1, features six homes, built
by Bryce Homes, Ruch Builders, The Dave
Moore Cos., D&D Custom Homes, David
Clark Construction LLC and Darin K.
Halford.
The show will be located at St. James
Place, a subdivision on Forest Hill-Irene
Road in Germantown that was also the
site of last year’s show.
The West Tennessee Home Builders
Association has partnered with Neighborhood Christian Centers of Memphis for
this year’s show.
General admission tickets are $12.
Tickets for individuals who are 60 and
older cost $10, while tickets for ages 7 to
14 are $5.
For more information, visit www.
mahba.com/vesta or call 756-4500.
Visible Music College
Expands Leadership
Visible Music College has a new vice
president of academics.
Corey Latta will oversee all aspects
of academics for the college, including
hiring faculty and advancing academic
programs. Latta also will teach courses in
English and theology.
Latta holds a Bachelor of Arts in
biblical studies from Crichton College, a
Master of Arts in New Testament studies from Harding School of Theology, a
second Master of Arts in English from the
University of Memphis and a doctorate
from the University of Southern Mississippi, according to Visible Music College.
Martin Institute Screens
Education Documentary
The Martin Institute for Teaching
Excellence will present a free screening
Saturday, Nov. 9, of the film “The Hobart
Shakespeareans.”
The documentary, to be shown at
the Malco Paradiso theater at 10 a.m.,
chronicles how teacher Rafe Esquith introduced Shakespeare to students at a Los
Angeles school in a low-income neighborhood where English is a second language
for many students, and the impact it had
on their achievement.
The film also includes the reaction to
the students’ work from Shakespearean
actors.
Registration at martininstitute.org is
required to reserve a seat.
Tennessee Leads Nation
In Academic Growth A new report shows Tennessee students are leading the nation in academic
growth.
Commonly known as “The Nation’s
The Memphis News | almanac
November 8-14, 2013
This week in Memphis history:
1963: Mass immunizations against polio using the new Sabin oral vaccine
began in Memphis and Shelby County
1933: The Tennessee Brewing Co. reopened for the first time in 15 years with
the first bottles of Goldcrest beer, brewed and bottled in Memphis, delivered
to stores by the Memphis company. The final state necessary to ratify the 21st
amendment to the U.S. Constitution, the amendment that repealed the 18th
amendment and ended national prohibition, would not approve the amendment for another month. But a Tennessee Constitutional convention had ratified the amendment in August.
Source: “Finest Beer You Ever Tasted” by Kenn Flemmons
1923: On Election Day in Memphis, incumbent Mayor Rowlett Paine beat Joe
Wood, the mayoral candidate of the Ku Klux Klan, by less than 5,000 votes in
an election that political boss E.H. Crump stayed out of until the day before
the polls opened. That’s when Frank Rice and Joe Boyle, Crump’s political right
arm and the city’s police commissioner, respectively, showed up at Paine’s
campaign headquarters. The only candidate on the Klan ticket who won was
Cliff Davis, the secretary to Paine that Paine had fired just before the election. In a 1957 interview, Judge Lois Bejach said he witnessed polling officials
reading names off the paper ballots that were different than the ones selected
by voters. Bejach said without the election fraud more Klan candidates would
have won.
Source: “Mr. Crump of Memphis” by William D. Miller
Report Card,” the National Assessment of
Educational Progress assesses students
in fourth- and eighth-grade reading and
math. The report released Thursday
shows Tennessee students had the largest
growth of any state from 2011 to 2013,
with a 22-point growth across all subject
areas. The next closest state in growth was
Indiana with 15.
For fourth-grade students, Tennessee
went from 46th to 37th in math and from
41st to 31st in reading.
State officials say the improvement is
partially due to education reforms over
the last few years including a tougher
teacher evaluation process.
30-Year Mortgage Rate
Averages 4.16 Percent Average U.S. rates on fixed mortgages
rose slightly last week but remained near
historically low levels.
Mortgage buyer Freddie Mac said
Thursday that the average rate on the 30year loan increased to 4.16 percent from
4.10 percent last week, which was the
lowest level in four months. The average
on the 15-year fixed mortgage rose to 3.27
percent from 3.20 percent.
Rates have been falling since September when the Federal Reserve surprised
investors by continuing to buy $85 billion
a month in bonds. The purchases are
intended to keep long-term interest rates
low.
Slower hiring in recent months has
many analysts predicting that the Fed will
maintain the current pace of the bond
purchases into early next year, which
should keep mortgage rates low for the
time being.
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The recent drop in mortgage rates
could help boost home sales, which
slowed in September after rates reached
their highest averages in two years.
Economy Expands
In Third Quarter
The U.S. economy expanded at a 2.8
percent annual rate from July through
September, a surprising acceleration
ahead of the 16-day partial government
shutdown. But much of the strength came
from a buildup in company stockpiling.
Home construction also rose, and
state and local governments spent at their
fastest pace in four years. But businesses
spent less on equipment, federal spending fell and consumers spent at a slower
pace. All are cautionary signs for the final
three months of the year.
Overall, growth increased in the third
quarter from a 2.5 percent annual rate in
the April-June period to the fastest pace
in a year, the Commerce Department said
Thursday.
The third-quarter growth was nearly a
full percentage point stronger than most
economists had predicted. Analysts noted
that much of the unforeseen strength
came from a buildup in company inventories. That suggests that businesses
overestimated consumer demand.
Restocking contributed 0.8 percentage
point to growth – double its contribution
in the second quarter.
Consumer spending weakened to a
1.5 percent annual growth rate from a 1.8
percent rate in the previous quarter. It
was slowed by flat spending on services.
This category includes everything outside
manufacturing and makes up about twothirds of all purchases. One reason was a
steep drop in utility spending, possibly
because of an unseasonably cool summer.
Jan. 1 effective date, will be a privately
held company. Key principals from each
firm will remain in their leadership positions, and corporate functions of the
new entity will be directed from several
locations.
Principals of the new firm are Richard
Sweebe, president and CEO of the Diamond Cos.; Blaine Roberts, president of
Roberts Truck Center; and Blair Roberts,
vice president of Roberts Truck Center.
Diamond Merging With
Roberts Truck Center
County Pension Fund
Value Keeps Growing
The Diamond Cos., already one of
Memphis’ biggest privately owned companies, is about to get bigger.
Diamond, a holding company for
International Truck and IC Bus dealerships in Arkansas, Kansas, Missouri and
Tennessee, will merge Jan. 1 with Roberts
Truck Center LLC, a holding company for
truck and bus dealerships in Kansas, New
Mexico, Oklahoma and Texas.
The new company will have revenues
approaching $1 billion, which officials
said would provide “a greater potential
for improved financial strength” through
economies of scale.
Once the merger of the two familyowned firms is complete, the company
will employ 1,300 people at 29 locations
in 26 markets. The new enterprise, which
will be named and branded before the
The value of the pension fund that
pays benefits to Shelby County retirees
is as high as it’s been in six years, new
figures show.
The fund’s value climbed to nearly
$1.06 billion in September, up from $1.02
billion in August. The last time the fund
was higher than September’s total was
in October 2007, when the fund topped
$1.08 billion.
Domestic equity gains, attributable
to a robust stock market, are part of the
reason why. The domestic equity component of the portfolio is up 23.3 percent
year to date.
Do more than work in Memphis.
Work for it.
Council Approves
Wastewater Fix Funding
The Memphis City Council approved
weekly digest
$24.8 million in funding Tuesday, Nov. 5,
to rehabilitate the city’s wastewater collection system to meet terms of a consent decree with the U.S. Environmental
Protection Agency.
The decree settles claims of pollution on the Mississippi River the federal
agency filed against the city. The funding
is financed through a state revolving loan
fund and is to be paid back from the city’s
sewer fund.
In planning and zoning items, the
council approved the Overton Square
North planned development at North
Cooper Street and Court Avenue, with
conditions that any retail business operating there will close by 9 p.m.
The council also approved a funeral
home at Knight Arnold and Mendenhall
roads. And it approved a daycare center
at 1135 Winchester Road at Twinkletown
Road but restricted it to no more than 30
children. A council vote was delayed for
two weeks on a commercial retail development by Crosstown Arts LLC at 495
Watkins St. at Autumn Road.
Orion Recognized
For Marketing Efforts
Memphis-based Orion Federal Credit
Union has been recognized as among the
best in credit union marketing worldwide
by the Credit Union Executives Society.
The recognition was via the society’s
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4 November 8-14, 2013
weekly digest
annual Golden Mirror Awards competition.
Out of 426 entries, Orion was awarded
the GMA Golden Shoestring, one of four
top honors, for a successful marketing
piece within the constraints of a shoestring budget.
Gauge of Economic
Health Rises 0.7 Percent
A gauge of the U.S. economy’s future
health rose solidly in September, suggesting the economy was making gains before
the government shut down for 16 days.
The Conference Board said Wednesday its index of leading indicators rose 0.7
percent in September to a reading of 97.1.
That follows a similar gain in August and
marked the fifth increase in six months.
The index is designed to signal economic conditions over the next three to
six months. It is composed of 10 indicators, most of which have already been
released individually.
In September, the index rose largely
because unemployment benefits fell,
credit conditions improved, manufacturing orders rose and the gap between
short- and long-term interest rates widened sharply.
Michael Englund, an economist at Action Economics, said that nothing in the
leading index altered his view that overall
economic growth is stuck at a modest annual rate of around 2 percent through the
rest of this year.
Still, Conference Board economist
Ken Goldstein said the September
performance was an indication that the
economy was expanding modestly and
possibly gaining momentum before the
shutdown.
Agency Warns Mississippi
About Bond Rating
The Fitch credit rating agency has
downgraded Mississippi’s bond rating
outlook from stable to negative.
The state’s bond rating remains AA+,
only one notch below the highest AAA level, but the agency warns the rating could
be lowered unless officials take steps to
shore up finances. A lower bond rating
would make it more expensive for state
government to borrow money.
The agency says the revised outlook
reflects Mississippi’s slow recovery from
the recession and continued use of onetime money to cover recurring government expenses. It says poverty and low
education levels hurt Mississippi.
Fitch is one of the three leading U.S.
credit rating agencies, along with Standard & Poor’s and Moody’s Investors
Service.
Derwin Apppointed
Terminix President
Bill Derwin, vice president of the Otis
Elevator division of United Technologies
Corp., is the new president of the Terminix division of Memphis-based ServiceMaster Co.
ServiceMaster CEO Robert Gillette
announced the hiring of Derwin Monday,
Nov. 4.
Derwin starts Monday, Nov. 11, at
Terminix, where Larry Pruitt has been
interim president of the pest control provider since March. Pruitt becomes chief
operating officer at Terminix in the transition, which is the latest change among
the residential and commercial services
offered by ServiceMaster since Gillette became ServiceMaster CEO this past June.
Memphis Indie Holiday
Market Slated for Nov. 16
The first Memphis Indie Holiday Market is happening next week.
Anna Avant of Hoot-Louise and Brit
McDaniel of Paper & Clay announced
the new event, which will be held Nov. 16
from 10 a.m. to 2 p.m. in the lot behind
Hoot-Louise’s Downtown Memphis store,
109 G.E. Patterson Ave.
Vendors at the market will include
Muddy’s Bake Shop, Amelia Presents, The
End of All Music, Memphis Mean Time,
Paper & Clay and Question The Answer.
Gift wrapping will be available for a
donation to Evergreen Montessori.
Bartlett, Collierville Named
Good Places for Business
Bartlett and Collierville recently
ranked high on a list of cities for jobseekers in Tennessee.
Bartlett was named the best town in
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came in third place, according to a survey
from the NerdWallet website. NerdWallet developed the list by measuring the
growth in each city’s working-age population, median household income and cost
of unemployment.
According to NerdWallet, Bartlett saw
a 13.9 percent increase in the workingage population between 2009 and 2011,
while the median household income was
$75,988. Collierville witnessed a 9.1 percent spike in the working-age population,
and median household income weighed
in at $102,298.
Marston Group Moves
To East Memphis
The Marston Group PLC accounting
firm has relocated to 1661 International
Drive in East Memphis from 6055 Primacy
Parkway.
The firm’s new digs are in The Colonnade, an 89,000-square-foot, four-story
building, where the firm will be on the
second floor.
The Marston Group was founded in
1985.
US Home Prices Rise
Slightly in September
A measure of U.S. home prices rose
only slightly in September from August,
a sign that prices are leveling off after big
gains earlier this year.
Real estate provider CoreLogic said
Tuesday that home prices increased 0.2
percent in September from the previous month. That’s sharply lower than the
0.9 percent month-over-month gain in
August and well below the 1.8 percent
increase in July.
Prices still rose 12 percent in September compared with a year ago.
Higher mortgage rates and steady
price increases began to slow home sales
in September. As a result, price gains have
cooled off.
Mortgage rates are still very low.
And the average rate on a 30-year fixed
loan has fallen to 4.1 percent in the past
month, down from a two-year high of
nearly 4.6 percent over the summer.
Many economists expect the housing
recovery to continue, though with slower
gains in sales. Still, the spike in rates over
the summer has weighed on the market. A
measure of signed contracts to buy homes
fell 5.6 percent in September to the lowest
level in nine months.
There is generally a one- to twomonth lag between a signed contract and
a completed sale. The sharp drop in September suggests final sales will decline in
the coming months.
Kinard Elected President
Of State Attorneys Assoc.
Christy Kinard, governmental affairs
and professional standards director for
the Memphis Area Association of Realtors,
has been elected president of the Tennessee County Attorneys Association.
Kinard, who joined MAAR last January, is the first woman to hold the position
since the TCAA’s creation in 1985.
Previously, Kinard served as the assistant county attorney for Shelby County.
She worked 12 years for Shelby County
government, serving as assistant county
attorney since 2006. From 2008 to 2011,
Kinard was an attorney and parliamentarian for the Shelby County Commission.
Kinard also volunteers with Memphis
Area Legal Services and is a candidate for
the Memphis Bar Association board of
directors.
Hudson Sets MATA
Retirement Date
William Hudson Jr., president and
general manager of the Memphis Area
Transit Authority for 20 years, will retire in
January.
Hudson announced his long-anticipated retirement date at last week’s meeting of the transit authority board.
When A C Wharton Jr. was elected
Memphis mayor in 2009, Hudson had
indicated he wanted to serve two more
years at the head of the city bus system
and then retire. Since then, the MATA
board has passed a series of resolutions
extending Hudson’s contract for six
months at a time.
Hudson began his career with the
transit authority 49 years ago as a bus
driver.
Iberiabank Expands
Local ATM Presence
Iberiabank now has seven branded
ATMs in Rite Aid pharmacies in Memphis
through its partnership with Payment
Alliance International, a leader in retail
ATM solutions.
PAI owns and operates the ATM placements, and Iberiabank cardholders can
now make transactions at those ATMs
without incurring surcharges.
Greg Smithers, Iberiabank’s Memphis
market president, said the newly branded
ATMs are one piece in a larger growth
strategy to serve the Memphis market by
providing clients with greater access to
banking services in a variety of convenient locations.
The ATMs are at 4642 Quince Road,
7570 Farmington Ave. in Germantown,
3500 Ramill Road, 2670 Frayser Blvd.,
4212 Elvis Presley Blvd., 1810 Union Ave.
and 1780 Germantown Parkway.
Lawmakers to Review
Textbook Selection Process
Tennessee lawmakers are holding
hearings this week to review the state’s
textbook selection process.
The Senate Education Committee and
the Senate Government Operations Committee will hold the hearings jointly on
Monday and Tuesday.
Lawmakers say the hearings are
intended to seek clarity regarding the
structure and function of the Tennessee
Textbook Commission.
contact (866) 326-4309 or [email protected]
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November 8-14, 2013 5
The commission recently came under
fire by a group of parents for having
adopted textbooks containing alleged inappropriate language and a controversial
interpretation of historical facts.
The panel is composed of 10 members
whose responsibility is to recommend an
official list of textbooks for approval by
the State Board of Education.
Local school systems choose which
textbooks to adopt from the list for a sixyear period.
Report: Arkansas Revenue
Remains Up in October
Arkansas’ October tax revenues beat
expectations and those of the same
month last year, although they may not
reflect yet the impact of last month’s
partial federal government shutdown
on state coffers, finance officials said
Monday.
The state Department of Finance and
Administration reported that Arkansas’
net available revenue for October totaled
$372.8 million, which was $17.2 million
more than October 2012 and $8.1 above
forecast. Arkansas’ revenue for the fiscal
year that began July 1 total $1.6 billion,
which is $37.8 million ahead of forecast.
“There’s nothing out there that’s really
dramatic going up or down,” DFA Director Richard Weiss told reporters.
The department said October’s figures
were boosted by gains in income tax collections that offset a shortfall in revenue
from sales tax collections. Individual
income tax collections totaled $226.4 million for the month, which was $8.3 million more than in October 2012 and $3.2
million above forecast. Corporate income
tax collections totaled $25.6 million, an
increase of $3.3 million above last year
and $2.6 million above forecast.
Sales tax collections totaled $171.8
million for the month, which was
$600,000 more than the previous October
but $6.8 million below forecast.
US Factory Orders Rise
1.7 Percent in September
Orders to U.S. factories rose in
September on a big jump in commercial
aircraft demand. But businesses cut back
sharply on machinery and other goods
that signal their confidence to expand,
signs of slower economic growth.
The Commerce Department said
Monday that factory orders increased 1.7
percent in September from August. That
followed a 0.1 percent decline in August
and a 2.8 percent plunge in July.
The September gain was driven by a
57.7 percent jump in demand for aircraft.
But so-called core capital goods,
which include machinery and electronics, fell 1.3 percent in September. And
demand for machinery plummeted 23.6
percent, with big declines in construction
machinery, electric turbines and generators.
The decline suggests businesses may
have been worried about the economy
before the 16-day partial government
shutdown, which began on Oct. 1.
Economists pay close attention to core
capital goods.
They are viewed as a better gauge of
companies’ plans to invest because they
exclude more volatile orders for aircraft
and defense equipment. The decline was
the second in three months and points to
weaker activity at factories in the JulySeptember quarter.
Manufacturing Expands
At Best Pace in 2.5 Years
U.S. factory activity expanded in
October at the fastest pace in 2.5 years,
suggesting that the 16-day partial shutdown of the government had little effect
on manufacturers.
Instead, overseas demand and healthy
U.S. auto sales appear to be supporting
factory output. The housing recovery is
also lifting the furniture and wood products industry despite a recent slowing in
home sales.
“We’ve become accustomed to the
way Washington operates in the past
couple of years and assume that it will get
resolved eventually, however painfully,”
said Bradley Holcomb, head of the survey
committee of the Institute for Supply
Management, a trade group of purchasing
managers that on Friday reported a solid
manufacturing figure for October.
The ISM’s manufacturing index rose
to 56.4 from 56.2 in September. A reading
above 50 indicates growth.
Factories also expanded in Europe
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this month, though at a slightly slower
pace, according to surveys in that region.
Manufacturing indexes have all picked up
in China, Japan, and South Korea.
The overseas strength is boosting
demand for U.S. factories. A measure of
export orders jumped to its highest level
in nearly a year and a half in October, the
ISM report said.
“The outlook for manufacturing looks
far more constructive now than it did over
the past several months, in light of the
improving global backdrop,” said Michael
Dolega, an economist at TD Economics.
U.S. factory activity has now risen at
an increasingly fast pace for five straight
months, according to the ISM’s index.
Report Lauds Tennessee
For Child Screenings
A recent report shows Tennessee is
leading most states when it comes to
screening low-income children for developmental issues.
The Tennessee Commission on Children and Youth released the report by the
Annie E. Casey Foundation on Monday.
According to the report, only four
states are screening more low-income
children for such issues.
It says addressing problems earlier
costs less and provides the opportunity to
intervene before those problems escalate.
The report stresses providing children with the services and support they
need for cognitive, social and emotional
development during the first eight years
of their lives.
It calls that time period foundational
for assuring success in school and life.
Wal-Mart Kicks Off
Holiday Shopping Online
Wal-Mart Stores Inc. is upping the
ante on holiday shopping.
The world’s largest retailer is pulling forward by nearly a month seven big
deals on items such as TVs and tablets
that were originally reserved for the day
after Thanksgiving and so-called Cyber
Monday.
Shoppers were able to purchase the
items online starting shortly after midnight Friday. At the same time, Walmart.
com began pushing another 300 holiday
weekly digest
deals on its website, from toys to home
decor.
The seven deals include a 42- inch JVC
LED TV for $299, a savings of 36 percent,
and a 10-inch XELIO tablet for $49, a 51
percent discount. Last year, Wal-Mart offered about 100 holiday deals online right
after Halloween, but the offerings were
focused on home decor.
The move comes as Wal-Mart, like
others, have seen customers scale back
purchases heading into the holiday
season, which accounts for anywhere
from 20 percent to 40 percent of retailers’
annual revenue. While the job and housing markets are recovering, the improvements haven’t been enough to sustain
increased spending among shoppers.
Automakers Post
Big October Gains
Chrysler, Ford, General Motors,
Nissan and Toyota all posted October
sales increases as the U.S. auto industry
rebounded from a lackluster September.
The gains signal that automakers made
it through the 16-day partial government
shutdown relatively unscathed. All automakers reported October sales on Friday.
Ford Motor Co.’s U.S. sales jumped
14 percent last month on strong demand
for the F-Series pickup and the Fusion
sedan. F-Series sales were up 13 percent
to 63,803, its sixth-straight month of sales
above 60,000. Sales of the Fusion midsize
car jumped 71 percent over last October,
when the old model was being phased
out.
At General Motors Co., sales rose
16 percent as its full-size pickup trucks
rebounded from a poor showing in
September. The Chevy Silverado, GM’s
top-selling vehicle, posted a 10 percent
increase to nearly 43,000, while the GMC
Sierra pickup saw sales rise 13 percent to
just over 16,500.
Nissan Motor Co. sales rose 14.2
percent to more than 91,000, an October
record for the company. Nissan Division sales were up just over 15 percent,
while the company’s Infiniti luxury brand
posted a 4.5 percent increase from a year
ago. Toyota sales rose nearly 9 percent last
month to nearly 167,000 vehicles despite
headwinds from the government shutdown, the company said.
Playing with your baby
helps his brain develop.
And you’ll probably win
until he’s at least 3.
WHO
NadineBaxter,MNSc,APN-BC,AOCNP
UniversityofArkansasforMedicalSciences
Sandy,LivingwithMultipleMyeloma
MILLENNIUM and
are registered trademarks of Millennium Pharmaceuticals, Inc. Other trademarks are property of their respective owners.
Millennium Pharmaceuticals, Inc. Cambridge, MA 02139 Copyright © 2012, Millennium Pharmaceuticals, Inc. All rights reserved. Printed in USA V-12-0166 5/12
Go to TUCI.org for a copy of the Parents Guide to Kindergarten Readiness.
6 November 8-14, 2013
contributors
N o v e m b e r 8 - 1 4 , 2 0 1 3 , VO L . 6 , N O . 4 6
news
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Suburban Mayors,
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Discuss Negotiations
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G
ermantown Mayor Sharon Goldsworthy is still “hopeful” that Germantown Elementary, Middle and
High schools can remain part of the coming Germantown municipal school district
under some kind of negotiated agreement
between the Germantown school board
and the Shelby County Schools board.
“We are hopeful of continuing that
conversation,” Goldsworthy said on the
WKNO-TV program “Behind The Headlines.” “Obviously those are schools that
are well-embedded in our community and
have enjoyed a lot of community support.”
Goldsworthy, along with Bartlett
Mayor Keith McDonald and Shelby County
Schools vice chairman Chris Caldwell, discussed the coming negotiations as Shelby
County Schools superintendent Dorsey
Hopson was meeting Friday with PTA
leaders at the three Germantown schools
he has proposed remain part of Shelby
County Schools. The program, hosted by
Eric Barnes, publisher of The Daily News,
can be seen on The Daily News Video page,
video.memphisdailynews.com.
Goldsworthy indicated the key to
an agreement is getting past the Shelby
County Schools’ use of the word “perpetuity” – as in who will be responsible in
perpetuity for educating those children
in unincorporated Shelby County who attend what Germantown residents call “the
three Gs,” should those schools be filled to
capacity with students who live within the
Germantown city limits.
“Perpetuity has such finality because
of the prospect of change within all of our
communities,” she said. “People move.
Student populations change. … And we
would hope that down the road there
would be an opportunity if that occurred
that we might enter into conversations
how we could avoid, for instance, having
to build new schools. There are other ways
to solve issues on over capacity.”
Caldwell said the perpetuity issue “defines the discussion” to come.
“Our responsibility is to the kids currently in Shelby County and the ones that
will remain in Shelby County (Schools),”
he said. “There’s another issues about
representation for those children that are
in the unincorporated areas because they
will not have representation on a municipal school board. … If at some point those
children were not able to be educated in
Germantown, that would cause us to build
new buildings.”
Having schools within the borders of
the suburban towns and cities that would
remain part of Shelby County Schools
system was a possible scenario McDonald
had anticipated for Bartlett as well.
“We were surprised the other way,”
he said. “I’d been saying for months that
the possibility existed that a couple of our
schools might not be included for that
very reason. If they did not allow us to
keep schools that had non-Bartlett kids
in it, that there were a couple of schools
they might use. As it turns out, there were
schools around our perimeters that those
children could go to.”
McDonald
McDonald would also like to see the
negotiations involve 99-year leases instead
of the 40-year leases recommended by
Hopson in his framework for the six sets of
talks that the board accepted at its Oct. 28
meeting. McDonald again said he wants
to see Shelby County Commissioners drop
their part of a federal lawsuit claiming the
suburban school districts are unconstitutional because they would racially resegregate public schools in Shelby County.
He also said that if the suburban leaders paid money described as going toward
Shelby County Schools’ continuing costs
for funding retired teachers’ pensions and
benefits, he could live with the description
as long as the lawsuit ends.
“It sounds like to me … some negotiations we were involved in a couple of years
ago. It sounds like something the County
Commission was talking about,” McDonald said, referring to a proposal that
emerged in late 2012 in lawsuit settlement
talks that collapsed.
It involved suburban governments giving an equal amount of funding to Shelby
County Schools if the suburban governments funded their respective schools at
a level greater than the combined county,
state and federal funding.
“I think it’s all tied together. … My
point is, let’s get the lawsuit to go away,”
McDonald said. “If they are asking for
some additional funds, then I want the
lawsuit to go away.”
Caldwell wasn’t sure the school system
could do that on its own in what will be
talks with the municipal school districts
that are being elected this month. McDonald thought differently.
November 8-14, 2013 7
news
Res ta u r a n t I n d u s t r y
Politics
3 Memphians
Among State
Supreme Court
Applicants
Bill Dries
[email protected]
T
Bleu’s executive chef Kevin Rains has rewritten the Downtown restaurant’s dinner menu, with items
such as his peppered ahi tuna.
Simple Plan
New chef at Bleu focuses on fresh, local food and eclectic menu
Andy Meek
[email protected]
A
new chapter has begun at a
premier Downtown restaurant
– Bleu Restaurant & Lounge,
whose new executive chef took a
circuitous professional route to his
current career destination.
Kevin Rains arrived in the kitchen
at Bleu, inside The Westin Memphis
Beale Street hotel, a few weeks ago.
He’s already rewritten the dinner
menu, been pushing for the use of as
many local vendors as possible and
has been talking about his long-term
interest in securing and catering to
a loyal customer base that includes
Downtown professionals.
It was a phone call from Westin
general manager Patrick Jordan, and
an invitation to coffee, that started the
process of luring Rains away from his
previous job, which was in the kitchen
at the Marriott at Interstate 240 and
Poplar Avenue.
“He told me about Bleu, his
thoughts, and where they currently
were standing here,” recalled Rains,
whose appointment roughly coincides
with the two-year anniversary of Bleu.
“It sounded great to me. I’m from a
restaurant background. I worked with
Ritz Carlton some 17, 18 years ago, I
had my own restaurant here in town
and worked in private restaurants
throughout my career. Being able to
cook a la carte restaurant food again
was a really big plus. It was the best of
both worlds – to be attached, affiliated
with the hotel, and to be able to cook
in a real restaurant again that’s high
volume. That’s where my passion is.
“As far as my passion on food, my
standpoint is fresh is always best. We
make everything from scratch here,
and we take pride in doing it. And
where we’re going with the place is
we’re somewhat of an eclectic menu,
but we’re really doing new spins on
some old favorites. We’re just trying to
put out a good product. Nothing too
fancy about the plan.”
While Bleu will focus on flying in
fresh fish and other seafood items
regularly for its dishes, Rains stressed
the restaurant is using plenty of farmers in town for other items. Some of
the local vendors used include Dickey
Farms Mushrooms, Oxford’s "Original
Grit-Girl" and the Memphis Farmers
Market in Downtown.
At a media day in October at which
Bleu’s new dinner menu was unveiled,
items presented included black pepper encrusted seared ahi tuna and
a grilled half rack of herb encrusted
lamb, among other things.
Rains is a Georgia native, and prior
to serving as the executive chef at the
Marriott, he spent more than three
years as chef instructor at L'Ecole Culinaire. Before that, he was an owner
and executive chef at the restaurant
Roustica and had served as executive chef at Equestria Restaurant and
Lounge.
He also served as chef de cuisine at
Erling Jensen's Brasserie in Memphis
and sous chef at Strings Restaurant in
Denver. He began his career in Denver,
working as sous chef at The Ritz Carlton there.
Bleu general manager Lance
Morton said the addition of Rains is
critical to keeping up the restaurant’s
standard of excellence and to presenting customers with a memorable
experience.
“I’m from the West Coast and spent
a lot of time out in Colorado – that’s
where I picked up my line-cooking
abilities,” Rains said. “One problem I’d
heard Bleu was having is, from what
I’ve been told, on these large game
nights and event nights they were getting 300 people and not able to service
them as fast as possible. We’re trying
to streamline that so we can meet the
demand of larger groups coming in.
“There’s definitely a large Downtown group audience we’re trying to
please. They’ve kept the place going,
with their loyalty. Where I’ve been
cooking most of my career I’ve been in
Memphis is out East, so we’re also trying to get some of those groups back
down here.”
wo Memphis judges and a Shelby
County Commissioner are among the
five applicants for a vacancy on the Tennessee Supreme Court.
Criminal Court Judge Chris Craft, Tennessee Court of Appeals Judge Holly M. Kirby and
Shelby County Commissioner Steve Mulroy
have submitted applications to the Governor’s
Commission on Judicial Appointments, the
newly formed body that will send a list of three
finalists to Tennessee Gov. Bill Haslam.
Mulroy is a professor of law at the University of Memphis Cecil C. Humphreys School
of Law and had been among finalists U.S. Rep.
Steve Cohen considered recommending to
President Barack Obama for the U.S. District
Court for the Western District of Tennessee.
Cohen eventually recommended attorney Sheri
Lipman, who Obama then nominated for the
federal position.
Mulroy has also been considering a bid for
the Democratic nomination for Shelby County
mayor in the May 2014 county primaries.
The two other applicants for the Tennessee
Supreme Court position are William L. Jenkins
Jr., a partner in the Dyersburg law firm Wilkerson Gauldin Hayes Jenkins & Dedmon, and
John Brook Lathram, a member of the Memphis law firm Bass, Berry & Sims PLC.
Tennessee Supreme Court Justice Janice
Holder announced earlier this year that she
would not seek re-election to the court in the
August 2014 judicial retention elections but
would serve out her full eight-year term, which
runs out Aug. 30, after the election. The timing
leaves open, at least for now, the question of
whose name would be on the ballot since there
won’t be a vacancy on the court until after the
election.
Several other state appellate court judges
also announced they would not seek re-election. The new commission plans to meet Nov.
13 in Nashville to interview the applicants and
then submit a list of three finalists to Haslam.
Meanwhile, five attorneys and one Memphis judge applied to fill Judge David R.
Farmer’s seat on the Tennessee Court of Appeals, Western Section. Like Holder, Farmer’s
resignation is effective Aug. 30, at the end of his
term of office.
Applicants include Shelby County Chancellor Kenny Armstrong; Frank S. Cantrell,
the deputy director of Memphis Area Legal
Services Inc.; Brandon O. Gipson, attorney and
partner with Pentecost & Glenn PLLC of Jackson; Rhynette Northcross Hurd of Memphis
mediation practice Ridder Hurd PLLC; attorney
Edward L. Martindale Jr. of Jackson; and Dorothy Pounders, managing partner of Pounders
Coleman PLLC of Memphis.
The new commission plans to meet Nov. 12
in Jackson to interview those applicants.
8 November 8-14, 2013
Winchester Law Firm Inks Lease at Triad Centre
The Winchester Law Firm is moving to
a new space within the Triad Centre II office building in East Memphis with a new
buildout.
The law firm will occupy 5,523 square
feet in the Highwoods Properties office
building at 6060 Poplar Ave.
Rick Charlton, managing partner with
the Winchester Law Firm, said the Triad
Centre II building, on Poplar near Interstate 240 in the heart of East Memphis,
has proved an ideal location for the firm’s
attorneys and clients.
The location, along with the law firm’s
long-term relationship with Highwoods,
solidified the deal.
“The Winchester Law Firm began its
tenancy at 6060 Poplar in 1992 when we
combined our Downtown office and our
East Memphis office in one location,”
Charlton said. “This address has proven
convenient for our attorneys and clients –
regardless of their location in the Memphis
metropolitan area or when coming from
elsewhere, and regardless of whether the
matter involved commercial transactions,
real estate, litigation, estates, government
or otherwise.
“We appreciate the cooperation and
support that Highwoods has given us over
the years and look forward to continuing a
good relationship.”
Kemp Conrad and Matt Weathersby,
principals with Commercial Advisors/
Cushman & Wakefield, represented the
law firm, while John Mercer represented
Highwoods.
Conrad said everybody involved in the
transaction worked hard to find a creative
solution that allowed the Winchester Law
Firm to maintain its prime location.
“We were honored to arrange a solution that allowed the Winchester Law Firm
to stay in a Class A building in new space
by flipping across the hall, as opposed
to a rolling renovation of their current
space,” Conrad said. “Highwoods, as usual,
was very creative and accommodating in
working with us in assisting a 20-plus-year
customer in meeting their needs.”
R E A L E S TAT E R E CA P
Developer Buys Land
For Somerset Subdivision
Eric Smith
[email protected]
S Ger
mant
own R
d
Falling Leaf Rd
Walking Horse Cir
Neshoba Rd
26.21 acres
Somerset
26.3 Acres near Neshoba
And Germantown Roads
Sale Amount: $1.5 million
Sale Date: Oct. 28, 2013
Buyer: Somerset-Exeter GP
Seller: Owen Investments LP
Loan Amount: $2.8 million
Loan Date: Oct. 28, 2013
Maturity Date: Oct. 28, 2016
Lender: Kent Wunderlich
Details: An entity related to Germantown-based developer McNeill Investment Co. has paid $1.5 million for 26.3
acres near the intersection of Germantown and Neshoba roads.
Somerset-Exeter, a general partnership
whose managing general partner M.
Spence Ray is executive vice president
of McNeill Investment, bought the land
in two parcels in an Oct. 28 warranty
deed from Owen Investments LP of
Eads.
The first and largest parcel is 26.21
acres on the east side of Germantown
north of Neshoba, and encompassing
part of Exeter Road. Its 2013 appraisal
is $4.4 million, according to the Shelby
County Assessor of Property.
The second, 0.052-acre parcel is adjacent to the larger one and has a 2013
appraised value of $11,100.
In conjunction with the purchase,
Somerset-Exeter filed a $2.8 million development loan deed of trust through
Kent Wunderlich. Ray signed the trust
deed.
The land is slated for the Somerset
In other news, Lakeland will be
getting a new McDonald’s restaurant. McDonald’s recently closed on
the $500,000 purchase of a vacant,
1.1-acre parcel on the north side of
U.S. 64, just east of Houston
Levee Road in Lakeland.
Charlie Oates of Oates Commercial Properties represented
McDonald’s. Danny Buring
and John Reed of The Shopping
Center Group LLC represented
the seller, PPM LP.
Oaks Corporate Park.
MasTec, a national engineering
and construction infrastructure
firm, has signed a lease for 1,875
square feet at 1679 Shelby Oaks
Drive inside the Shelby Oaks
development. MasTec will
provide alarm installation for
AT&T.
Elliot Embry with NAI Saig
Amos Maki
Inked Co. represented MasTec, while
Trip Spear with Belz Enterprises represented Belz.
In leasing news, Eye Spectrum is staying at Palisade Place.
Eye Spectrum renewed its lease for
1,600 square feet in the 14,460-square-foot
center at Poplar Avenue and Holmes Road.
Laura Warren represented landlord
Loeb Properties, while Tracy Speake of
Paradigm Realty Advisors represented Eye
Spectrum.
MasTec has inked a lease at Shelby
Subdivision, according to a city of
Germantown planning commission
subcommittee agenda from August.
2655 Frayser Blvd.
Memphis, TN 38127
Buyer: WGC Partners (Memphis)
LLC
Seller: NTP Frayser-Range Line
Loan Amount: $3.8 million
Loan Date: Oct. 25, 2013
Maturity Date: Nov. 1, 2020
Lender: EverBank
Details: The Walgreens store at 2655
Frayser Blvd. in Frayser has been
sold to a North Carolina buyer for
$6.4 million.
WGC Partners (Memphis) LLC of
Winston-Salem, N.C., bought the
14,850-square-foot Walgreens in an
Oct. 21 special warranty deed from
NTP Frayser-Range Line, comprised
of three entities – WN Frayser-Range
Line LLC, JMT Frayser-Range Line
LLC and SFC Frayser-Range LLC.
Built in 2010, the Class A retail store
sits on 1.5 acres at the southeast
corner of Frayser Boulevard and
Range Line Road. The Shelby County
Assessor of Property’s 2013 appraisal
is $1.9 million.
WGC Partners (Memphis) filed a
$3.8 million loan through EverBank.
Paul G. Chrysson, James Chrysson
and James D. Yopp Jr. signed the
trust deed as managers of the borrower.
1315 N. Germantown Parkway
Memphis, TN 38016
Buyer: Cordova TN LLC
Seller: Cordova Village LLC
Leslie’s Pool Supplies has renewed its
Collierville lease.
The pool-supply company occupies
2,550 square feet at 875 W. Poplar Ave.,
Suite 11, inside the Shops of Collierville.
Allen Israel of Loeb Realty Group represented the landlord.
Send commercial lease announcements
to Amos Maki, who can be reached at 5212464 or [email protected].
Details: The Cordova Village retail
strip center at 1315 N. Germantown
Parkway in Cordova has sold for $3.4
million.
Cordova TN LLC, which lists a West
Palm Beach, Fla., address, bought
the 30,060-square-foot shopping
center in an Oct. 22 special warranty
deed from Cordova Village LLC.
No financing was associated with
the transaction.
The Fallbrook, Calif.-based seller
had acquired the property in 2005
from IWS Shelby Partners for $4.5
million.
Built in 1988, the Class B center
sits on 3.6 acres along the west side
of North Germantown Parkway
between Autumn Creek Drive and
Club Parkway. The assessor’s 2013
appraisal is $2.9 million.
3951 Lamar Ave.
Memphis, TN 38118
Sale Amount: $1 million
Buyer: WC Memphis Storage II LP
Seller: CSMC 2007-C3 Lamar Storage LLC
Details: An affiliate of Austin, Texasbased real estate investment firm
World Class Capital Group has paid
$1 million for the 63,740-square-foot
A-AAA Key Mini Storage facility at
3951 Lamar Ave. in Oakhaven.
The entity, WC Memphis Storage II
LP, bought the property in an Oct. 23
special warranty deed from CSMC
2007-C3 Lamar Storage LLC, an
affiliate of Miami Beach, Fla.-based
special servicer LNR Partners, which
took ownership following a foreclosure earlier this year.
The property’s previous owner,
Memphis Storage I LP, defaulted on
$1.3 million loan through Column
Financial Inc. dated May 9, 2007.
November 8-14, 2013 9
Money&Markets Extra
What investors Insider
are doing right Q&A
Title:
Chief executive
officer of Natixis
Global Asset
Management in
the Americas and
Asia
John Hailer has a good window into the
behavior of investors as an executive at
Natixis Global Asset Management. It’s one
of the world’s 15 largest asset managers
with $783 billion under management,
and its roster of mutual funds includes
everything from traditional stock and
bond funds to alternative offerings that act
more like hedge funds. He talks about the
challenges ahead for the economy and
what he sees investors doing.
Have investors been doing anything
that’s surprised you?
Yeah, they’re investing. I thought they
might sit for a little longer. They’re asking
questions, they’re getting smarter. We
saw that on a recent survey — three out
of four investors said they would consider
alternative investments if their financial
John Hailer
advisor recommended it. And people
started buying back into the market
quicker than I thought. What we need to
do in our industry and across the board
is have people understand long-term
investing. I feel bad for the people who
sold in 2008 and are now back in. If they
had stayed in, they’d be back and ahead
of where they were.
You mentioned alternative investments.
You think everyone should own some?
I think one of the things our industry does
poorly is explain investment products.
Right now the term “alternatives” can
mean a lot of different things to a lot of different people. To one group, it could mean
real estate or gold. But the majority of the
most knowledgeable investors wouldn’t
think of either one as an alternative.
When you look at the old 60/40
traditional investment allocation between
equity and fixed-income, that’s kind of died
and gone the way of the dinosaur. The
crisis put the last nail in that coffin. When
you’re looking at alternatives today, it’s the
concept of diversification and mitigating
risk. The funny thing is people see the
S&P 500 is up 20 percent and say risk is
down. No, risk is still there.
looking. Secondly, for those getting jobs:
Are they at the income levels they had
before the crisis?
Given all those worries, is it ridiculous
then that the S&P 500 is near a record
now?
I think there are good companies out
there, and I think there are good stocks
out there. I think there are still places you
can put money to work. Valuations are not
cheap anymore, and I think the real good
run has already happened, but I think
there might be a little bit of room here. My
issue with the market is I don’t know how
much has taken place because of the
fundamentals of the economy.
The economy doesn’t look good to
you?
I think if you ask working-class people
around the country, they’ll say it’s not.
Who’s participating in this rise? Most likely
people who have money in the markets. I
think we still have some real issues across
the board here. It’s all about jobs, and it’s
a big issue that many people have quit
Interviewed by Stan Choe.
Answers edited for content and clarity.
AP
Deals deferred
Merger and acquisition activity remains in the
doldrums this year despite a surging stock market.
That is unusual because they usuallyy go hand-in-hand.
The stock market is trading near a record
d high,
hi h but
b t
the total value of U.S. deals announced
ced through the
first nine months of this year was 33
percent below the same period of
2007, before the recession began.
A total of $761 billion compared
with $1.1 trillion in 2007.
The biggest reason for this, analysts
sts
say, is confidence. Lawmakers in
Washington have not been able to
provide business leaders with
long-term fiscal clarity, instead
Congress moves from one crisis to
BEHIND THE BRAND FLOWSERVE(FLS)
Pumped
up
the next. The economic recovery is struggling and no
one is sure what could happen when the Federal
Reserve begins to withdraw
its stimulus.
wi
Rising
also are holding
Ri i stock
t k valuations
valua
l
executives back. Companies
in the Standard &
Com
Poor’s 500 index have an
a average priceearnings ratio—which measures
how much
me
investors are willing to pay for future earnings—of
15.7, that’s up from 13.5 at the start of this year.
The most recent peak in merger activity came
in the second quarter of 2007, when U.S.
companies announced $508
billion of acquisi$
tions, according to the consultancy
EY. M&A activity
consu
is trending upward. In the third quarter companies
announced deals worth $338 billion,
up from $200
b
billion in the second quarter.
Flowserve, a maker of pumps,
valves and seals, may not be a
household name. But under the
surface, the boom in U.S. oil
and gas drilling has helped
fuel profits for the company in
the past few years.
The company was
created in 1997 out
of a merger.
Based in
Irving, Texas,
a suburb of
Dallas,
M&A activity A rising stock market since 2009 hasn’t produced the typical rise in M&A activity.
2,000
$800 billion
M&A volume and the S&P 500 index
S&P 500 index
(right scale)
600
1,000
200
500
0
U.S. M&A
deal value
(left scale)
’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02
’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10 ’11 ’12 ’13
Source: EY
GLOBAL REACH: Flowserve
has operations in more than 50
countries. It generates about
two-thirds of its revenue outside
North America, with about half of
that coming from emerging
economies.
1,500
400
Flowserve’s equipment helps move
oil, gas and chemicals through
pipelines. It also supplies the
power generation, water and other
industries and services its
products.
In the year through September,
Flowserve’s earnings rose
12 percent from a year
ago to $344
million, while
revenue rose
4 percent to
$3.57 billion.
EXPANSION PLANS: The
company has 66 manufacturing
facilities worldwide and continues to
expand, adding factories in China
and India. It has plans for further
growth in manufacturing capacity
next year.
• Flowserve’s brands include
Worthington, Durco, Anchor/Darling
Price-earnings ratio : 20
and Durametallic.
(Based on trailing 12 month results)
• The company
has more than
1-YR price change
17,000
FLS: 53%
S&P 500: 30%
employees.
Market value: $9.7 billion
Thursday’s close: $68.45
0
Steve Rothwell; J. Paschke • AP
Source: FactSet
Alex Veiga, Jenni Sohn • AP
Data through Nov. 7
LocalStocks
COMPANY
AT&T Inc
AutoZone Inc
BancorpSouth
Boyd Gaming
Community Hlth Sys
Corrections Corp
Cummins Inc
Delta Air Lines
Dillards Inc
Dover Corp
DuPont
Education Realty Tr
FedEx Corp
Fst Horizon Natl
Freds Inc
GTx Inc
Ingram Micro
Intl Paper
Isle Capri Casino
Kellogg Co
Kirklands Inc
Kroger Co
LifePoint Hosp
Macy’s Inc
Medtronic Inc
TICKER
T
AZO
52-WK RANGE
LO
32.71 4
CLOSE
HI
39.00
341.98 0 452.19
12.55 0
22.67
BYD
4.75 6
14.75
CYH
27.51 6
51.29
CXW
26.89 7
39.90
CMI
93.98 8 139.17
BXS
DAL
9.21 0
27.79
DDS
75.33 4
94.86
DOV
59.18 0
92.87
DD
41.67 0
62.69
8.30 2
11.77
EDR
FDX
85.15 9 136.98
FHN
8.91 6
12.75
FRED
12.30 7
17.71
GTXI
1.31 1
7.24
IM
15.17 9
24.28
IP
32.95 6
50.33
4.75 7
8.79
52.22 7
67.98
8.26 7
21.74
KR
24.19 9
43.85
LPNT
34.72 8
53.87
M
36.30 7
50.77
MDT
40.28 0
58.82
ISLE
K
KIRK
CLOSE THUR. %CHG
35.11
443.49
22.14
9.86
40.52
35.31
128.89
26.68
82.63
90.18
60.85
8.79
130.55
10.91
16.05
1.59
23.12
43.10
7.47
62.08
17.42
41.65
49.58
45.96
57.30
-.71
-3.93
-.40
-.39
-2.04
-.73
-3.59
-.20
-.08
-1.20
+.08
-.18
-2.22
-.10
-.22
-.07
-.42
-.33
-.15
-1.27
-.44
-1.11
-.93
-.44
-.17
YTD% 1YR%
WK MO QTR CHG RTN P/E
+4.2
COMPANY
1.80
Merck & Co
TICKER
52-WK RANGE
LO
CLOSE
HI
THUR.
CHG %CHG
YTD% 1YR%
WK MO QTR CHG RTN P/E
DIV
MRK
40.02 6
50.16
45.82
-.14
-0.3
s
t
t +11.9
+3.8 28
1.72
MAA
60.19 2
74.94
62.63
-1.76
-2.7
t
s
s
-3.3
+4.2 19
2.78
MON
82.70 8 109.33
104.00
-.27
-0.3
t
t
t +10.3 +19.0 23 1.72f
MLI
42.43 9
61.07
58.28
-1.24
-2.1
t
s
s +16.5 +28.8 15
0.50
NAV
19.24 0
40.10
38.81
-.63
-1.6
s
s
s +78.3 +84.0 dd
...
Nike Inc B
NKE
44.83 0
77.66
75.70
-1.06
-1.4
t
s
s +46.7 +61.4 26
0.84
Pinnacle Entert
PNK
11.39 9
25.86
23.44
-.89
-3.7
s
t
t +48.1 +89.9 dd
...
Regions Fncl
RF
6.19 8
10.52
9.26
-.19
-2.0
t
t
r +29.9 +40.1 12
0.12
Renasant Corp
RNST
16.53 0
29.89
28.76
-.29
-1.0
t
s
s +50.3 +57.8 23
0.68
0.44 Smith & Nephew PLC
SNN
50.74 0
65.63
64.44
-.59
-0.9
r
s
s +16.3 +28.1 81 1.33e
-2.0
t
s
s
-0.9
s
s
s +25.1 +16.1 16
-1.8
s
s
s +52.3 +60.8 25
-3.8
t
t
t +48.5 +87.7 dd
-4.8
t
t
t +31.8 +49.3 21
-2.0
t
s
s +18.9 +25.0 23
-2.7
r
t
t +19.0 +32.1 17
2.50
-0.7
s
s
s +124.8 +168.9 10
0.24
-0.1
s
s
s
-1.4
+8.1 26
DIV
... Mid Amer Apartments
0.20
Monsanto Co
...
Mueller Inds
0.25e
1.92 Navistar Intl
+7.4 11 0.24f
-1.3
t
s
s +37.2 +50.5 16
1.50
+0.1
t
s
s +35.3 +40.4 12
1.80
-2.0
t
t
t
-1.7
t
s
s +42.3 +42.8 26
0.60
Smucker, JM
SJM
81.60 8 114.72
107.61
-4.26
-3.8
t
s
s +24.8 +32.9 21
2.32
-0.9
r
t
t +10.1 +16.8
0.20
-1.4
s +20.6 +19.6 21 0.24a
25.30 9
36.29
34.30
+.12
+0.4
s
s
STI
s
t
Suntrust Bks
s +21.0 +24.3 13
0.40
-4.2
t
s
t
-59.6 dd
...
Synovus Fincl
SNV
2.07 9
3.52
3.24
-.03
-0.9
t
t
t +32.2 +37.9 dd
0.04
-1.8
s
t
s +36.6 +45.7 12
...
Sysco Corp
SYY
29.75 6
36.05
33.14
-.52
-1.5
s
s
s
+5.6 +13.6 20
1.12
-0.8
t
t
t
Trustmark
TRMK 20.76 9
27.98
26.81
-.46
-1.7
t
s
s +19.4 +20.4 15
0.92
-2.0
t
s
t +33.4 +24.9 dd
TSN
16.50 7
32.40
27.56
-.43
-1.5
t
t
t +42.1 +63.9 13
0.20
-2.0
t
s
s +11.2 +18.9 24
-2.5
t +64.5 +83.7 20
69.56 0 100.67
98.59
-.51
-0.5
s
s
UPS
s
t
s +33.7 +38.0 64
2.48
-2.6
t
s
s +60.1 +72.7 14
-1.8
t
s
s +31.3 +36.3 18
-0.9
r
s
s +17.8 +14.3 13
1.84 UPS class B
...
Utd Technologies
0.66f
Valero Energy
...
1.00 Verso Paper Corp
-0.3
s
s
s +39.7 +36.8 15
1.12
-17.4
-62.1
-9.6
cc
cc
+8.2 +25.3 16 1.40f
... Tyson Foods
Wright Medical Grp
UTX
74.44 9 112.46
107.27
-1.40
-1.3
t
s
t +30.8 +38.6 16 2.36f
VLO
28.23 6
48.97
39.28
-.96
-2.4
t
s
s +15.1 +49.5 14 0.90f
VRS
0.60 1
1.68
.70
+.04
+6.1
s
t
t
-48.0 dd
...
WMGI 18.89 8
28.73
26.58
-.29
-1.1
s
t
s +26.6 +33.0 dd
...
-34.6
Dividend Footnotes: a - Extra dividends were paid, but are not included. b - Annual rate plus stock. c - Liquidating dividend. e - Amount declared or paid in last 12 months. f - Current annual rate, which was increased by most recent dividend announcement. i - Sum of dividends paid after stock split, no regular rate. j - Sum of
dividends paid this year. Most recent dividend was omitted or deferred. k - Declared or paid this year, a cumulative issue with dividends in arrears. m - Current annual rate, which was decreased by most recent dividend announcement. p - Initial dividend, annual rate not known, yield not shown. r - Declared or paid in preceding 12
months plus stock dividend. t - Paid in stock, approximate cash value on ex-distribution date. PE Footnotes: q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months.
10 November 8-14, 2013
Community
Ignite Memphis
Brings People,
Ideas Together
He a l t h C a r e & B i o t e c h
Eye of the Tiger
SCO opens optometry clinic at University of Memphis
Michael Waddell
Andy Meek
[email protected]
[email protected]
I
n a couple of weeks, via a series of structured
slide-based presentations, a group of creatives
will try to live up to the event’s official billing
and ignite Memphis.
Undercurrent, which holds regular events
around the city to help people connect with fellow
Memphians, is producing the latest version of
Ignite Memphis, which happens Nov. 19 at Crosstown Arts, 430 N. Cleveland St.
The gathering will pack in everyone from
former I Love Memphis blogger Kerry Crawford,
who’ll talk about the secret to happiness, to
Rhodes graduate Peter Hall, outlining 10 businesses that can be launched in Memphis for less than
$1,000, and Opera Memphis general director Ned
Canty, who will touch on video games, pop culture
and opera by the time he’s finished.
The goal, said a-m ventures director Patrick
Woods, is to expose people to new ideas – and
each other.
“Ignite is a platform for the city’s most interesting people to share their passions,” Woods
said. “But they have to do it quickly. Each of the
12 featured presenters has five minutes to make
their point, along with 20 slides that auto-advance
every 15 seconds. Speakers for Ignite represent a
myriad of backgrounds, from nonprofit, business,
civic and (religious circles). And the topics are as
diverse as the speakers, with talks ranging from art
to opera to nuclear war.”
Those topics include the art of storytelling
– a natural choice for WMC-TV reporter Lauren
Squires.
She picked up on Ignite after a few friends
from Start Co. mentioned it to her, then she saw it
generate chatter on Twitter.
The title of Squires’ presentation is “Contagious Storytelling: How one story can change the
world.”
“In television news, we are always under time
constraints, so the idea of telling a story or giving a
timed talk seemed fun to me,” Squires said. “When
I was submitting a talk, I thought about what I am
most passionate about, and storytelling came to
mind.
“I think we have the power to change the world
for the better if we share our stories and inspire
each other. I'll be citing a few examples from my
day-to-day experience in TV news at Action News
5 and hopefully calling others to action at the
end.”
Joining her in making a presentation is Canty, who has given
his presentation the quirky title
of “All your opera are belong to
us.” It’s a take on a popular video
game meme.
Canty, who’s participated
Canty
in Ignite before, said his talk “is
about Gilbert and Sullivan as pioneers of mashup culture, how Japanese video games and pop
culture remix American icons, and how we turned
all of that into a production of The Mikado that
(Opera Memphis is) doing in January.”
“I love the event, and the folks who attend,”
Canty said. “Lots of creative thinkers and tons of
creative energy. Everyone in that room is passionately engaged in making Memphis a better city,
and those are the kind of folks I choose to spend
time with.”
“
Dr. Aaron Kerr examines Kelli Brignac at University Eye Care, which opened on the University of Memphis campus Nov. 4. It’s Southern College of Optometry’s first full-scope primary care external clinic. (Memphis News/Andrew J. Breig)
S
outhern College of Optometry
opened its first full-scope primary care external clinic Monday, Nov. 4, as University Eye Care at
the University of Memphis welcomed
its first patients.
The 2,000-square-foot, full-service
eye health and vision clinic is located
above the university bookstore at the
V. Lane Rawlins Service Court Facility.
“We’ve been working towards
having a clinical presence physically
on the campus at the University of
Memphis for almost three years,” said
Dr. James Venable, SCO vice president
for clinical programs, who explained
the college has received countless
referrals from the U of M’s Student
Health Services division through the
years.
SCO has invested roughly
$300,000 in the new facility, which
will offer comprehensive pediatric
and adult primary eye health and
vision care.
“This is a wonderful partnership,”
said Dr. Richard Phillips, SCO president, in a prepared statement. “We
look forward to bringing top-notch
eye care to the U of M community.”
The new facility will have the
capacity to see approximately 4,000
patients per year.
“We are very close to 100 percent
capacity in our clinic on our Midtown
campus, so we have a need to reach
out to other locations to provide
care as more and more people come
to us and ask for our services,” said
Venable, who graduated from SCO in
1989 with a doctorate in optometry.
One of Venable’s major duties as
vice president for clinical programs is
We look forward to
bringing top-notch
eye care to the
U of M.”
– Dr. Richard Phillips
President, Southern College of Optometry
to assure that the school’s interns and
residents have exposure to a diverse
and large number of patients during
their training program.
“Because of the nature of our
main clinical facility on our campus,
where we see about 60,000 patients
annually, we do not see many young
college students or a tremendous
number of contact lens patients,”
Venable said. “So this was an ideal
fit to be able to diversify our patient
population for our students as well as
provide really convenient care for the
students of the University of Memphis, its faculty and staff.”
University Eye Care is staffed by
five optometric physicians, with support by student interns.
Services include eye examinations, contact lens fittings and ocular
disease management.
“Our focus is on primary care,”
Venable said. “We will manage
some ocular disease, but the more
advanced specialty care such as
rehabilitation or vision therapy will
continue to take place on our main
clinic on our campus in Midtown.”
In addition to eye health services,
the clinic offers designer eyewear and
contact lenses.
The clinic is open to the public
from 8 a.m. to 5:30 p.m. Monday
through Friday, except on holidays
and when the university is closed.
Most major medical insurance
plans will be accepted, and SCO has
created the Tiger Eye Care program
to make vision care affordable for
students and their families without
other vision coverage. Tiger Eye Care
packages range from $35 to $169.
“It will be very affordable for students, their dependents, the faculty
and staff to be able to get the eye care
and the eyewear they need without
having to pay a fortune for it,” said
Venable, who estimates that the new
clinic will be able to do about 85 percent of everything that its main facility in Midtown is capable of doing.
University Eye Care will also
provide some educational services for
the U of M’s College of Public Health.
“This will be a working health
care clinic where students from the
College of Public Health and other
areas throughout the university can
actually come in and do internships
or clerkships as part of their education,” Venable said.
Further SCO growth plans over
the next five years call for at least another three external clinical facilities,
including one that is likely to be located at the Sears Crosstown building.
“We have signed a letter of intent
with the Crosstown Redevelopment
Corp. for the plans taking place in
the old Sears Crosstown building,”
Venable said. “Beginning in 2015, if all
goes according to plan, we will begin
build out a 4,000-square-foot clinical
facility in that location.”
November 8-14, 2013 11
Re ta i l
e n t r ep r e n e u r s h i p
Fresh Market Eyes Union
Avenue Site
StartCo. Gears Up
For Entrepreneurial
Events, Initiatives
Andy Meek
Amos Maki
[email protected]
[email protected]
B
y this time next year, Midtown residents could be
shopping at a new Fresh Market grocery story.
Earlier this year, Walgreen Co. closed the gas station
at its Ike’s store on Union Avenue, saying it was a “corporate
decision to withdraw from the gasoline business.”
Ike’s employees told a reporter and other sources over
the last week that the store will close Dec. 31. Several sources
have said Fresh Market has been scouring Midtown for some
time and would likely lease the property and convert the
pharmacy and store into one of its upscale grocery markets.
When asked earlier this year if the store could be sold
or somehow turned into a grocery store, a Walgreen Co.
representative said, “We have nothing to announce regarding potential future changes at this location.” Officials from
Walgreen Co. and the Fresh Market could not immediately
be reached for comment.
The Fresh Market currently has a store at 835 S. White
Station Road, inside the Eastgate Shopping Center, and on
Poplar Avenue in Germantown.
The Fresh Market specializes in all-natural, organic and
specialty products, everything from meats and fish to coffees
and candy.
The Memphis area is going through something of a grocery store renaissance era.
Cincinnati-based The Kroger Co. is investing heavily in
the area, pouring around $100 million into new stores and
redeveloping older ones. Kroger has replaced its store in the
large retail center at Poplar and Highland Street and is planning an ambitious new store to replace its existing Union
Avenue location.
In addition to Kroger, Whole Foods is currently expanding its location on Poplar in East Memphis and has
submitted plans to the city of Germantown for a new store
there. The Cash Saver grocery store on Madison Avenue in
Midtown is undergoing significant improvements.
In 2010, Walgreen bought out USA Drug’s prescription
(Memphis News File/Lance Murphey)
Customers shop at Ike’s, 2145 Union Ave., which could close
by the end of the year, making way for a new Fresh Market.
files and acquired the Ike’s stores on Union and Park Avenue.
Both stores still carry the Ike’s name, although Walgreen is
building a new drugstore at Poplar Avenue and White Station
Road to replace the Ike’s on Park.
In 2011, Walgreen Co.’s top rival, CVS, bought the Union
Avenue United Methodist Church property across Cooper
Street from the Ike’s and erected a new store there.
Real estate experts have long said that if Walgreen Co.
were to change directions with the Union Avenue Ike’s store,
it would likely convert the 1.09-acre property to a non-pharmacy-based retailer, such as a grocer.
The Fresh Market has had its sights set on Midtown
Memphis for some time and the Ike’s location on Union –
with high visibility and traffic counts – should be inviting.
The Union Avenue Ike’s store is roughly 27,800 square feet.
Fresh Market stores are typically between 22,000 and 26,000
square feet.
The Fresh Market has also explored the vacant office
property at the southwest corner of Union and McLean
Boulevard.
Founded in 1982, Fresh Market operates 145 stores in 26
states, primarily in the Southeast, Midwest, Mid-Atlantic,
Northeast and West Coast.
Global Entrepreneurship Week is around
the corner, and Memphis’ Start Co. organization – a hub of related local entrepreneurial
initiatives – is gearing up to participate in its
own way in the international weeklong celebration and support of entrepreneurs.
This year, Global Entrepreneurship Week is
Nov. 18-24. Leading up to that, the first of three
Start Co. efforts related to the broader initiative
is a new 48 Hour Launch, which kicks off in the
final days leading up to the week of events.
The 48 Hour Launch is Nov. 15-17, with the
course of that weekend producing the same
kind of launch event as Start Co. has led before.
Which is to say, ideas will be pitched, some will
be nurtured over the course of the weekend and
some may hatch into something more.
“It’ll be the standard 48 Hour Launch
programming,” said Start Co. founder and
CEO Eric Mathews. “Community members will
come together. Some will have an idea (for a
venture) they want to pitch and see if the community will be into. Five or six are chosen, and
we’ll start building those over the course of the
weekend. It’s an important way to help us feed
and find talent.”
A variety of ticket price tiers are available
via the Start Co. website, neverstop.co, including early bird tickets, a full day pass and others.
Participants with an idea will have two minutes
in the evening on Nov. 15 to pitch their concept,
and the five most popular ideas will proceed
to be “launched.” Those participants will draw
from others in attendance who may not be fellow company founders but nevertheless have
necessary skills to help build a venture.
African-American Corporate Executives Needed
The expertise and connections of
African-American corporate executives
can help chart a sustainable future for
historically black colleges and universities.
Historically black colleges and
universities are amongst the largest
African-American-controlled businesses
in America. Many date back to the 19th
century. They have educated generations
and built the black middle class. They are
major employers in communities across
the country, including the Mid-South. They
also face well-documented challenges as
they operate in an increasingly competitive educational marketplace.
These challenges can be addressed
through a deep and meaningful partnership with African-American corporate executives. These executives have increased
corporate profits, managed turnarounds,
introduced new products, increased employment, expanded operations, managed
globalization, developed new technologies,
and introduced social media to market
and sell their products. Their expertise and
management skills – when combined with
that of academic leaders and trustees –
can creatively and strategically address
higher-education challenges in areas such
as recruitment, retention and graduation; finances; marketing; and fundraising
including alumni giving, corporate, foundation, state and federal support.
African-American corporate executives can serve as executive coaches and
mentors to presidents and chancellors,
shadowing these leaders and working
with them to provide additional strategies,
perspective and potential solutions gained
from their corporate experience. They can
volunteer to serve as trustees providing
HBCUs with the same level of professionalism they would bring to a corporate
board. They can serve as interim-presidents acting as change agents who help
address unresolved structural challenges.
They can serve on a corporate leadership
team – joining with their peers – to provide
management expertise and
their fellow citizens. Today
we need African-American
connections that can transexecutives to heed the call
form institutions. Such a
to service. HBCUs provide
team can surround and
a special brand of higher
support the president
education. They play a
and trustees helping to
critical role in educating
resolve challenges and
MEL & Pearl shaw
take advantage of unlevFUNdraising Good Times African-American, Hispanic and first-generation
eraged opportunities.
students
who
seek
an education that will
Corporate executives can also provide
allow
them
to
fully
participate
in the global
funding and resources needed to stabilize
economy
and
build
a
strong
future
for
our HBCUs. They can build endowments.
themselves
and
their
families.
They can ensure the continued competiIncreased “business know-how” and
tiveness of HBCUs through timely capital
financial investment can help local HBCUs
investments in facilities, equipment and
such as The LeMoyne-Owen College, Rust
technology. Mutually beneficial strategic
College and Lane College continue to
collaborations can support corporations
play a key role in addressing educational
who place a premium on attracting and
disparities. Volunteer now!
retaining a diverse talent.
When the White House or a state
governor needs top talent they often turn
to the private sector, calling upon the
patriotism of corporate executives, asking
them to take a leave of absence to serve
Mel and Pearl Shaw are the authors
of “Prerequisites for Fundraising Success.”
They position nonprofits for fundraising
success. Visit them at www.saadandshaw.
com.
12 November 8-14, 2013
Re a l E s tat e & De v el o p m e n t
Square Roots
Loeb brings mix of tenants, events to sustain entertainment, retail district
Amos Maki
[email protected]
B
reakaway Running owner
Barry Roberson was
blown away by the crowds
who visited his new Overton
Square store, which opened Oct.
30. Roberson knew his dedicated
customer base would shop at
the store that is focused on all
things running and walking, from
apparel to classes and clinics, but
he was pleasantly surprised by
the amount of walk-up business
he experienced over the first
weekend.
“With our stores, we’re kind
of a destination and our people
come to us so I knew they’d
come to Overton Square,” said
Roberson. “But there were a lot
of people we didn’t know existed
who walked through our doors. I
think it probably almost doubled
my business. I knew people
would come in and look, but I
was surprised that they bought.”
That’s the type of synergy
Loeb Properties hoped to create
when it decided to pour around
$20 million into Overton Square’s
rebirth.
Day or night, the retail, entertainment and restaurant center
is buzzing with activity, from
patrons mingling at the multiple
outdoor patios or skipping from
one storefront to another.
Loeb Properties is taking
steps to make sure the Midtown
district is brimming with activity
throughout the day, looking for
a tenant that will serve breakfast
and assigning a staff member to
develop events and attractions
that will make Overton Square a
draw seven days a week.
“We want to see it crowded
from the first bell to the last bell,
and we’re determined to get more
retail,” said Louis Loeb, executive
vice president of asset management at Loeb Properties. “We’ve
talked to a number of prospects
(about a breakfast location) but
we haven’t got there yet. Our
vision for Overton Square is it
being not just a place to go shop,
work out and eat, but a place to
go to be entertained.”
Loeb Properties officials knew
from the beginning that many
Memphians – those who fell in
love with Overton Square during
its heyday and a younger generation thirsting for new retail,
dining and entertainment options – would support the revived
district. The challenge, as they
see it, is to make sure that desire
endures.
“We want to grow that support so people, including families
and children, can always find
something to do at the Square,”
Loeb Properties has new branding for Overton Square and artist
Yvonne Bobo installed a three-story steel sculpture at Madison Avenue and Cooper Street, the latest addition at the Square.
Loeb said.
One of the reasons the original Overton Square failed was because it never became diversified.
It had a lively restaurant scene
but little else to maintain a steady
stream of visitors. To avoid that
fate, Loeb has focused on a mix
of uses, signing several athletic
or sports-based businesses and
boutique clothing and food shops
in addition to the restaurants.
Danny Buring of The Shopping Center Group LLC said
Loeb’s strategy of pursuing a wide
variety of tenants will be central
to the district’s sustained success.
“If you’re just one thing you’ll
never be able to sustain it,” said
Buring. “Look what happened to
Overton Square. It was pigeonholed – just entertainment and
restaurants. You want to have a
mix of uses.”
A lot of activity has occurred
at Overton Square over the last
month. Loeb Properties unveiled
a new branding campaign for
the district and artist Yvonne
Bobo installed a three-story steel
sculpture at Madison Avenue and
Cooper Street, the latest addition
to a wide variety of public art created at the Square.
In October, the city-owned
451-space parking garage at the
northeast corner of Monroe Avenue and Florence Street opened.
So far, Loeb officials say around
2,300 cars have used the facility
since the opening. On average,
around 250 vehicles a day used
the garage on the weekends and
125 during the week.
“We expect that to increase
significantly as a string of new
tenants move in over the next
few months – Babalu Tacos and
Tapas, Robata Ramen & Yakitori
Bar, Sweet Noshings, Bikram Yoga
Memphis and Gould's on the
Square,” said Elizabeth Berglund,
community relations director for
Loeb Properties. “All have signed
leases but are not open for business yet.”
Special events, which could
attract visitors who otherwise
may not be inclined to visit Overton Square’s businesses, will play
a large role in the future vitality
of the district. The parking garage
and new Tower Courtyard behind
Memphis Pizza Cafe were created
with hosting events in mind.
This year’s Indie Memphis
Film Festival held an outdoor
showing at the courtyard and
the first floor of the garage was
designed so it could host events,
such as a farmer’s market or small
festival.
G ov e r n m e n t
2014 City Council Chairman Could Have New Rules
Bill Dries
[email protected]
T
he new chairman of the Memphis
City Council in 2014 could be overseeing the council under a different
set of ground rules.
Jim Strickland was elected chairman by
his fellow City Council members Tuesday,
Nov. 5, to start his one-year term in January.
Meanwhile, three council members
have been meeting since October as an ad
hoc committee examining council rules
of procedure. And by the end of its second
meeting last week the group already had
two changes it intends to recommend to
the full council later this month.
Council Chairman Edmund Ford Jr.
last month appointed the committee, led
by Wanda Halbert and including Bill Boyd
and Myron Lowery, saying he is concerned
that some on the council aren’t following
the rules as closely as they should.
The chairmanships of every Memphis
City Council committee would change
each year under the first change approved
by the ad hoc committee.
Lowery suggested the rotating chairmanships for the nine committees, saying
he tried to implement the change when he
was chairman and faced opposition from
no fewer than eight of the 13 council members. Lowery was elected vice chairman
for 2014 by the council Tuesday, Nov. 5, in
a race with Halbert. Halbert challenged
Lowery with his call for changing committee leadership on a frequent basis.
Lowery is the council’s longest serving member, elected in 1991. Halbert was
elected to the council six years ago and
pointed out that during those six years,
Lowery has been either chairman or vice
chairman for four of those years.
“I hope he believes in sharing in leadership,” she said. “We have a diverse council. There are 11 men and two women and
it is time for us to step outside the norm
and respect the diversity of the council.”
Committees have been a part of the
council’s political infrastructure since the
early 1980s. Prior, council members met
in an executive session before their voting
meeting to ask any questions they had
about any item on the council’s agenda.
The council’s budget committee is
unique among the set of committees. It is a
committee of the whole and its chairmanship normally does not rotate because
some council chairmen have said the
committee that oversees budget deliberations should have some consistency in its
leadership.
The trio of council members also
expect to have more discussions about the
council’s time limits on the amount of time
and the number of times a council member can speak on a motion in committee
and at the full council session.
Halbert pushed for some change in
the rules, saying she could accept limits in
committee sessions or at the full council
session but not both.
“I understand but I don’t like the control factor,” she said. “I feel very limited as
an elected official.”
Halbert’s problem is also that when
a council member asks a question of an
administration official or someone not on
the council, the time that person takes to
answer the question counts against that
council member’s time limit.
“Where you can, don’t ask an attorney
a question,” Boyd said.
The second recommendation approved by the committee wasn’t a change
in the rules but stronger enforcement of
the existing rule on the deadline for when
items on the council agenda are due in the
council office.
The deadline remains 10 a.m. Thursday
before the Tuesday council sessions, which
are held twice a month. The committee is
recommending that council staff enforce
the deadline by refusing to add items to
the agenda after the deadline. In most
cases, those are items requested by the
administration.
“That is unacceptable,” Halbert said.
“You know the date. You know the time.”
Items could still be added after the
deadline but only by a majority vote of the
City Council. The committee is also talking
about some kind of fiscal consent agenda
with routine items that normally don’t
generate much if any discussion like grants
awarded to the city, which the council has
to formally accept through resolutions.
November 8-14, 2013 13
Distribution
L aw & t h e C o u r t s
Tencarva Looking to Expand
Memphis Presence
Erinn Figg
Special to The Memphis News
T
he story of how industrial distributor Tencarva Machinery Co.
got its start has all the makings of
a great motivational business speech –
or a tale told in the iconic style of Sophia
Petrillo from “The Golden Girls.”
Picture it: Norfolk, Va., 1974. A group
of investors buys a thriving industrial
supply company. As with many acquisitions, they bring new leadership, new
priorities and a new business focus.
Many of the company’s employees are
unsettled. They start feeling less than
thrilled about this new direction. The
disgruntled-employee grumblings begin.
Some of these employees, however,
choose to skip the “woe is me” routine
and actually do something about the
situation. These 19 employees – some
apprehensive, but all of them passionate
– take a leap of faith and band together
to start their own company. The risky
move turns out to be the right one. Over
the course of the next three decades,
their company grows to become an acclaimed industry leader.
That industry leader is Tencarva
Machinery Co., named for Tennessee,
Virginia, North Carolina and South Carolina, where the first offices were located.
And that group of 19 defectors from the
now-defunct Tidewater Supply Co. has
grown to more than 340 employees at
28 branches in eight states, including a
Memphis location.
The company specializes in distributing pumps, liquid process and
custom-designed systems for the industrial and municipal marketplaces, along
with maintenance, repair and consulta-
(Submitted Photo)
Memphis Branch Office of Tencarva
tion services. Retired vice president and
current company director Bill Strong of
Germantown is one of the original 19
trailblazers.
“We just wanted to survive,” he said.
“Tidewater was a fine organization until
it was sold, but the new owners didn’t
really understand the industry or what
we were doing. The company started to
decline, and we decided our future was
to go elsewhere.”
Strong said that when he and his
associates left Tidewater, they had no
suppliers and had to rely solely on their
reputations and field knowledge to get
Tencarva off the ground.
“There are always risks when you
start a new organization, particularly
one with no lines of equipment to sell,”
Strong said. “But I had confidence in
these guys. I knew that even if we didn’t
have anything to sell other than paperclips, well, we’d be the best darned
paperclip sellers in the world.”
While paperclips aren’t on Tencarva’s
current list of products, the company
did, in fact, become one of the leading
industrial distributors in the country, per
a recent high industry honor.
In its September/October issue,
Industrial Distribution magazine ranked
Tencarva Machinery at No. 41 in its
annual “Big 50” list of largest industrial
distributors in the nation.
The publication bases its Big 50 rankings on total worldwide sales. In 2012,
Tencarva Machinery had $197 million
in sales revenue. Strong describes the
Memphis branch as one of Tencarva’s
largest and most significant branches,
and he attributes the company’s success as a whole to a number of factors,
including the management structure.
“We have been a strictly employeeowned company since 1978, so all the
owners are vitally involved in the day-today company operations and invested in
our success,” he said.
However, employee motivation goes
beyond the desire to boost Tencarva’s
bottom line, he said.
“We are a family here. We hire many
of our people right out of college and
they stay with us throughout their careers,” he said. “And we’re proud of the
personal relationships we develop with
our customers. We go in and establish
credibility with them in that we have a
genuine desire to solve their problems
and help them succeed at their jobs.”
The news page on Tencarva’s website,
tencarva.com, is dotted with updates
on acquisitions and new product lines.
Strong says the company is in growth
mode and most likely will continue to
expand during the next six months.
“We’re growing our ability to serve
our customers, particularly in field
maintenance and repairs. In the past,
industrial manufacturers had extensive
maintenance staffs and were pretty
self-supporting,” he said. “But now,
economic challenges have forced some
of those companies to cut back on their
maintenance staffs. We’re in the process
of ramping up our ability to serve those
needs and provide solutions for them.”
Be Open to Surprises at Your Business
The commercial world of research
and development, product development
and innovation can learn from the insights
of poetry by applying the deep wisdom
to its process and pipeline. A single line
from a Robert Frost essay has the gravity to change the growth trajectory of a
business: "No surprise for the writer, no
surprise for the reader." If you change the first phrase to read
either "no surprise for the inventor …" or
"no surprise for the product team…" then
you can conclude that the sentence reads
"no surprise for the company." In other
words, if all R&D and innovation efforts
simply make small adaptations to products and all solutions look basically the
same, the results are predictable and the
returns barely additive. No surprise. When a company is brave
able products and services
enough to be open to surprises in
that make living better. As a
its pipeline and business model,
species, we can do better. then it opens itself to being
We can surprise ourselves.
surprised with unimaginable
We can take responsibility
top-line growth. This recepJOCELYN ATKINSON
and push for new prodtiveness to surprise needs to & michael graber
ucts and services that
let’s grow
be built into the metrics, the
go beyond what we know today, beyond
process and pipeline expectations; otherme-too products, and surprise ourselves
wise, the unimaginative sea of sameness
and the market. We owe it to each other,
will drown out the shelves and landfills of
to humanity and to the globe to surprise
the world. ourselves. The planet has enough me-too products and cheap knockoffs already. The
Jocelyn Atkinson and Michael Graber
bland leads the bland in short-sighted
run the Southern Growth Studio, a straproduct development efforts every day.
tegic growth firm based in Memphis, TN.
The only surprise is that humans do not
Visit www.southerngrowthstudio.com to
choose to reach higher and spend their
energies creating really helpful and valulearn more.
Nineteenth
Century Club
Bond Posted
Bill Dries
[email protected]
P
laintiffs seeking to stop planned
demolition of the Union Avenue
mansion once home to the
Nineteenth Century Club haven’t
cinched a deal with the property’s new
owner, but they have closed on a court
appeal that could take years to play
out.
The appeal in Chancery Court also
has given them more time to find a
buyer who would agree to preserve the
mansion.
The plaintiffs posted an additional
$50,000 bond Thursday, Oct. 31, as
they appeal a Chancery Court decision
permitting the demolition of the mansion to make way for a retail shopping
center.
The additional bond was ordered
by Chancellor Walter Evans at an Oct.
16 hearing that set conditions for the
appeal to the Tennessee Court of Appeals.
Evans ruled in September that the
club’s leadership acted legally when its
leaders decided to sell the mansion to
Union Group LLC, the group seeking
to demolish the club headquarters and
build the retail center with a restaurant
as its anchor. Evans also said plans for
the demolition could go ahead.
But Evans then stayed the effect
of the order pending an appeal by the
plaintiffs, who contend the decision to
sell violated the club’s bylaws.
They had worked out a tentative
settlement with Union Group in which
a Nashville businessman planned to
buy the property and preserve the
mansion while opening a restaurant
in it. Dave Wachtel, however, did not
meet the deadline to post $40,000 in
earnest money from his investors, and
the plan fell through.
That’s when the case went back to
Evans, who set conditions for pursuing
the appeal.
Evans set the additional $50,000
bond because most of the money from
the sale remains frozen by the court
while the case is on appeal – including
most of the proceeds the Nineteenth
Century Club donated to the Children’s Museum of Memphis.
Attorneys for the museum contend
the money has already been committed to a museum project and the
prospect of an appeal means possibly
years of delay that could damage the
museum.
Attorneys for Union Group say the
group is unlikely to be granted a new
demolition permit when its current
permit runs out with the new year.
Evans ruled in October that he
would not yet hear arguments on possible damage claims.
14 November 8-14, 2013
sports
T i g e r s B a ske t b a ll
Overcoming Adversity
Key to Tigers Season
Don Wade
T
he coach might have picked rebounding, defense or his favorite
pet peeve – getting those “50-50
balls.” Any one of these might have been
singled out by Josh Pastner as the key to
the Tigers’ success.
But here in the 2013-2014 preseason,
with his team holding a lofty No. 13 national ranking, the University of Memphis coach has picked “adversity” as the
secret to the season – that is, how the
Tigers handle adversity. In possessions, in
halves, when opponents make runs, when
the officiating is really tight or really loose,
on the road, in the locker room, anywhere
and everywhere imaginable.
The first jab of adversity? A rather
minor incident in which senior Chris
Crawford and freshmen Nick King and
Kuran Iverson missed the trip for a scrimmage against No. 25 Baylor in Ruston,
La., because they were late for the team
bus. About this time last season, you may
recall, Crawford and Adonis Thomas
were late for a film session because they
got stuck behind a train on the U of M
campus. Pastner didn’t play them in the
exhibition game against CBU.
A few weeks ago, Crawford was asked
what he knew now that he didn’t know as
a freshman. His answer: “Time moves fast
(obviously). Very fast. You don’t want to
regret nothing. Now that you’re a senior,
just make sure you don’t make all those
little mistakes.”
Being on time is step one in showing
that you’re serious about your work. Step
two is being ready once you do arrive.
Which brings us to that scrimmage with
Baylor. Though media were not permitted
to attend, Pastner has been more than up
front about how poorly the team played
in many areas and that Baylor put a beating on the Tigers.
Pastner’s perspective: just what the
Tigers needed. Adversity, free of charge
with not even a box score to memorial-
In the 2013-2014 preseason, with his team holding a lofty
No. 13 national ranking and facing huge expectations
from fans, University of Memphis basketball coach Josh
Pastner has picked “adversity” as the secret to the season
– that is, how the Tigers handle adversity.
ize the lessons learned. Although for the
unofficial record, Baylor beat the Tigers by
27 points over three 20-minute periods.
“I’m very happy that it occurred,”
Pastner said.
As for the players …
“Definitely an eye-opener,” said freshman forward Austin Nichols.
“We can take a lot from it,” said senior
guard Michael Dixon, a Missouri transfer
who is used to playing on a team with big
expectations. “It was our first time playing
as a unit against another team. Nobody
is gonna let you come in and walk over
them.”
Adversity, thy name is competition.
The Tigers are in for so much more of it
this year with a stout non-conference
schedule that includes No. 8 Oklahoma
State and No. 10 Florida before Christmas
and No. 15 Gonzaga in February. Then
there is life in the much-tougher American Athletic Conference that includes
home-and-home sets with No. 3 Louisville, No. 18 Connecticut, plus Cincinnati
and Temple.
Pastner will tell you they aren’t looking
past Austin Peay in the season-opener on
Nov. 14 at FedExForum – right thing to
say, if also a bit comical – and that before
that the focus is on CBU in a Nov. 8 exhibition game at home.
Grizz Proving They Have a Lot to Prove This Year
To the question, how patient are
Grizzlies fans willing to be, we now have
a definitive answer.
Their patience broke as the third
quarter ended Wednesday, Nov. 6, at
FedExForum. Their Grizzlies – that gritty,
lovable bunch that won 56 games last
season and went to the Western Conference Finals – trailed the New Orleans
Pelicans by 22 points.
That’s when the boos were not just
scattered but united – a chorus of displeasure that might have been directed
at a lot of things, but surely was directed
at being made to watch this abuse from
the young Pelicans.
“It hurt a lot because we’ve come
a long way,” point guard Mike Conley
said after he had scored 26 points in
what turned out to be a 99-84 loss that
saw the Grizzlies trail by as many as 29
points in the fourth quarter. “We’ve come
a long way in my six years here and I remember the boos as a rookie and in my
second and third year. I don’t ever want
to go back to it.”
Conley, by the way, wasn’t trying to
infer the Grizzlies gave anything close to
an acceptable effort against the Peli-
THE PRESS BOX
DON WADE
cans (and doesn’t it sound all the more
humiliating when you get thumped by
“Pelicans” as opposed to Hornets)?
“If we lost giving the effort we
normally give and laid it out all there, we
would have been fine with that,” he said.
“But we were never really in the game.”
Agreed. So what now?
If you want to say not having power
forward Zach Randolph for much of this
game was a factor – he left the arena in
the second quarter to be with his fiancée, who was in labor – then I guess you
can say that. But the butt-whipping was
well underway by then.
Anthony Davis, the Pelicans’ 6-10,
220-pound wunderkind, was clearly the
one and only franchise player on the
floor. The Grizzlies are a cast of good
players, overachievers who simply do
not possess enough talent to not play
hard, smart or together.
So far, in this disjointed 2-3 start to
the season, they look a lot like a team
that wants credit for what it did last season. So instead of playing with the kind
of defensive intensity that would, over
four quarters, break other teams’ will,
they show up and assume opponents
will wilt because they’re the Grit-n-Grind
Grizzlies.
Or at least that’s how it looked
throughout the New Orleans game and
for large chunks of the other four games
this season.
Even before the embarrassing loss
to the Pelicans, first-year coach Dave Joerger must have recognized something
was amiss because he said, “Nobody is
going to give us anything off of last year.
That’s over. If we’re drinking that KoolAid, we are sadly mistaken.”
Yet to watch the Grizzlies is to wonder if their Gatorade has been replaced
by that very Kool-Aid.
“We can’t sit here and think we’re
the same team as last year,” Conley said.
“We don’t have that status.”
Nor do they have Lionel Hollins. Management didn’t retain him as coach and
they had some valid reasons for wanting
to make a change. But the team intensity, while on display in the person of
Tony Allen and other players on the court
during last season’s magical run, always
began with the cantankerous Hollins.
His rough edges kept the players
sharp. Five games are too few, of course,
to make a judgment on what Joerger can
or can’t do. But maybe it’s not soon to
again recognize that Hollins had more
than a little to do with the team’s identity
and success.
Then again, maybe if Hollins was still
the coach the Grizzlies still would be off
to a 2-3 start and, by all appearances,
still a little too pleased with what they
did last season. Human nature is tough
opponent. Right now, it’s winning.
“We haven’t done anything,” Conley
said. “We’ve got to prove it all over again.”
There’s a name for that challenge,
too. It’s called this season.
Don Wade’s column appears weekly
in The Daily News and The Memphis
News. Listen to Wade on “Middays with
Greg & Eli” every Tuesday at noon on
Sports 56 AM and 87.7 FM.
November 8-14, 2013 15
sports
Memphis head coach Josh Pastner is stressing adversity as the secret to the Tigers’ success this season. More specifically, how the team handles all types of adversity thrown its way. (AP Photo/Randy Snyder)
Multifunction Machines
Scanners
Copiers
Printers
Focus being another big word this
season, as in, “We’ve got to have laser-like
focus every time we step on the floor,”
Pastner said.
But it is true. Life in the new conference is only an opportunity if the Tigers
can win enough – beat enough good
teams – that the NCAA Tournament Committee takes note and hands Memphis a
better seed. A No. 3 seed, for example, is
within the realm of possibility this season
and would give the Tigers a good chance
for a deep run.
First things first, though. And that
begins with recognizing that this season’s
opponents have a lot more in common
with No. 25 Baylor than the bottom threefourths of Conference USA.
“We’ve got to give more of an effort on
the defensive end and we’ve got to take
care of the ball in this new conference,”
senior guard Joe Jackson said. “Turnovers
will kill us.”
Yes, such self-created adversity is
what Pastner hopes to avoid. The coach
termed the Baylor scrimmage a “wake-up
call,” but Dixon says don’t read into that
the Tigers are too impressed with themselves.
“I don’t think we’re an arrogant team
by any means,” Dixon said.
Hopefully, they are a resilient team,
a team that can take a punch. Because
come Nov. 19 in Stillwater, Okla., adversity stands ready to throw a few.
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16 November 8-14, 2013
mecha
tronics
t
Tommy Hall operates the Motor
Control System at Southwest
Tennessee Community College.
q
Joe Vazquez and instructor Steve
Browning work on the PLC – the
computer that manages all of the
other manufacturing equipment.
A new term describes an old concept as manufacturing returns to Memphis
By Bill Dries |
[email protected]
“Mechatronics.”
Tennessee Gov. Bill Haslam said the word so fast that it got lost in the echo of the large
aircraft hangar at the Tennessee College of Applied Technology near Memphis International Airport.
And he said it only once. The rest of the time, he used a better-known term, “advanced
manufacturing.”
Mechatronics is the latest buzzword in the resurgence of manufacturing in Memphis.
Haslam was at the hangar near the airport in September to announce $2.8 million in
grants for TCAT and Southwest Tennessee Community College to get the equipment they
need to train those who already have manufacturing in mechatronics.
“It’s really kind of the old multi-craft. … It is an individual that really understands
maintenance in the manufacturing field,” said John Churchill, executive director of workforce development at STCC.
The change in terminology is an indication of why the comeback of manufacturing a
decade into the 21st century is on terms that are much more advanced and complex than
they were 30 years ago. That’s when traditional, industrial-age manufacturing at bedrock
Memphis workplaces like Firestone, International Harvester and Kimberly Clark began to
lock the doors and turn to rust.
Manufacturing companies work
more deliberately in today’s rejuvenated manufacturing sector to keep
unplanned shutdowns of equipment to
a bare minimum. So those maintaining
the machinery often also do preventive
maintenance.
Executives at Memphis-based
International Paper Co. always outline
planned outages during the company’s
quarterly earnings calls with investors. Outages, or down time that isn’t
planned, are accounted for in the
earnings statements the publicly traded
company makes every three months.
“(Mechatronics) entails just about
anything you would need a maintenance person to do,” Churchill said.
“It ranges from mechanics, pumps,
gear boxes, belts, chains, all of that. It
can be PLCs, electric motors, drives,
instrumentation and it even includes
machine shop skills. I guess the best
term is a complete maintenance person
for most manufacturing industries.”
PLC is shorthand for programmable
logic controller, the computer that
manages all of the other manufacturing
equipment.
“In all modern manufacturing,
that thing right there is one of the ones
that’s going to control the rest of it,”
said Hunter Purnell.
Purnell is heading a four-member
instruction team at Southwest that was
working in a lab on the school’s Macon
Cove campus just before Halloween
with four employees of the Hershey
plant in South Memphis.
At the PLC station, Joe Vazquez
stared intently into a computer screen
and a manual. His object, like those
at three other stations, was to make
a small motor at the station move
through a simulator that confronts them
with problems along the manufacturing
chain between the start of the process and
getting the motor to run. That translates
to keeping the plant running and making
products.
“We are seeing what kind of skills they
have for a multilevel, multiskilled technician,” Purnell said of the lab work, which
followed online cognitive tests.
Vazquez and his coworkers scored
high enough to advance to this next assessment. With the combined score they
get credit toward an associate degree or
training certificate from Southwest and
could pursue more training.
“Instead of just throwing training at
them – stuff that they already know – let’s
get prior learning assessment on what
they already know,” Purnell said. “Let’s
concentrate on the things that we can
make them better at.”
The four workstations demonstrate
just how the assembly process crosses
boundaries.
Herbert Beasley used a socket wrench
and a mallet at the mechanical or motor
control station.
Cody Cole cupped a hand over a
display atop a small digital keypad at the
Human Machine Interface station. To his
right was a small motor.
“All inside of what Cody’s messing
with – that’s what you would see in a
modern plant,” Purnell said.
Meanwhile, Tommy Hall repeatedly
and methodically shut a power box switch
up and down as he checked a network of
patch cords that represented an assembly
line leading to yet another small motor.
Purnell worked at Hall’s station creating problems for the team to solve.
“I can go in the back like the Wizard
of Oz and I can pull out a plug and put in
faults,” Purnell said. “I can make things
break. They have to find where the fault
is.”
Across the room, after lots of adjustments with the mallet and wrenches, Beasley unlocked a safety switch and started
up his motor at a slow speed at first. The
motor’s whine filled the room as the others continued working at their stations.
The whine went higher as Beasley
slowly adjusted the speed up and after the
whine leveled out, Beasley just as gradually adjusted the speed down to a stop.
“Try that one more time,” said his
instructor, David Fulcher.
A few minutes later, Vazquez diverted
his gaze a bit to his right from the computer screen and manual to a button he
pushed. Another kind of small motor with
a different whine began moving like a
lathe with a ring on the cylinder moving
left and right.
Southwest will be working with three
industries in its mechatronics training –
medical device manufacturers, process
control personnel at plants like Hershey
and DuPont and paper companies and
logistics.
And Churchill said the goal isn’t to
make the workers experts in everything.
They will continue after the mechatronics training to pursue more intently a
specialty like being a mechanic or an
electrician.
“They are not going to become experts
at all of them. But they want them to become very familiar with all of it,” Churchill
said. “I can send almost anybody to do
November 8-14, 2013 17
most of the elementary things
and do it safely and correctly.”
There is the possibility
those trained in mechatronics
could become engineers but
the training is not a straight or
clear line to a four-year degree.
“We have two types of
degrees. One is where they take
all of the math and science
and English mainly so they can
transfer to a four-year college,”
Churchill said. “When they take
the applied degree, then what
they are really doing is learning how things work. Very few
of the hours are English and
math. Most of it is getting them
to go out and get a job immediately.”
The point Churchill and
Haslam make is that while
mechatronics is a new name
for an old concept, the machinery and technology behind the
concept requires some kind
of degree or certification and
no longer just a high school
diploma and being “good with
p Cody Cole and instructor James Warwick
their hands.”
troubleshoot an Electronic Drives System in a
Southwest is working with
employers like Hershey who
lab where “mechatronics” is being used.
are able to say specifically what
they want in a training program
they send their workers to. The
Photos: Memphis News/Andrew J. Breig
Unilever plant in Covington
is putting all of its operators
The first test of that, he adds, is a
do some of this troubleshooting in a lab
through 40 hours of mechanical training.
supervisor walking up to a first-day emenvironment. So that when they get their
“It’s no longer where the operator just
ployee and saying, “That switch is open.
job and they walk out on that floor, they
sits and watches equipment. They have
Do you know what I mean?”
are talking the same language.”
to really understand what’s happening,”
Churchill said. “It takes a more educated
operator and maintenance person to keep
up with the new technologies.”
The recently released Greater Memphis Chamber report on the city’s resurAll Great Change Starts with a Good Idea.
gent manufacturing sector showed manufacturers in the Memphis area plan to
Tuesday, December 10, 2013
hire more than 4,000 employees through
2016 at an average annual pay of $32,180.
Those are new jobs in a local economy
historically dominated by the logistics
and distribution sectors – which are also
affected by the mechatronics training –
along with health care and tourism.
Purnell likens the skill set needed in a
single plant to cross training.
“In a plant of the size that these guys
are running, every day is a different day.
It’s a new day and a new problem,” he said
of the Hershey employees. “It could be a
mechanical problem. It could be an electrical problem. It could be a piping problem. A pipe’s broken or a pump’s broken
or the piping to a pump is broken. From
all of the stuff that these guys do mixing candy, all of that’s involved – pumps,
electrical motors, gears, rollers. Once they
get the stuff made, they have to be able to
palletize it and distribute it.”
The experience of the quartet showed
in the methodical way they went about
the exercise. Each person followed the
basic procedures of making sure the machine was off at the power box and testing
Thanks to Our Title Sponsors:
connections.
“You are getting the cream of the crop
here. You’re getting guys who already do
this for years,” Purnell said. “We have to
bring students up, kids out of high school
in our area and bring them up and get
them to at least a level where they can
For more local and national news, visit www.memphisdailynews.com
“Mechatronics” – a new kind of manufacturing that
combines engineering, science and technology – is the latest
buzzword in the resurgence of manufacturing in Memphis
as new plants in the city begin looking for skilled workers.
18 November 8-14, 2013
He a l t h C a r e & B i o t e c h
St. Jude’s Downing Elected to IOM
Michael Waddell
[email protected]
D
r. James R. Downing
of St. Jude Children’s
Research Hospital has
been elected to the Institute of
Medicine, a branch of the National Academy of Sciences.
Downing, the hospital’s
scientific director, deputy director and executive vice president,
becomes the sixth member of the
institute from St. Jude.
“It is a very nice honor to
receive from my scientific peers.
Very few scientists are elected
to the IOM,” Downing said.
“This year, there were only eight
individuals working in the area
of cancer from across the world
elected to the IOM. To be among
this group is very high praise.”
The IOM was established
in 1970 and now includes more
than 1,900 members and foreign
associates. Each year, up to 70
new members and 10 foreign
associates are elected for their
excellence and professional
achievement in a field relevant to
the institute’s mission.
Other members from St.
Jude are Nobel Laureate Peter
Doherty; director and CEO Dr.
William E. Evans; former St.
Jude CEO Dr. Arthur Nienhuis;
Howard Hughes Medical Institute
investigator and Tumor Cell Biology chair Dr. Charles Sherr; and
Pharmaceutical Sciences chair
Mary Relling.
“Dr. Downing’s election to the
Institute of Medicine is a great
testament to his many scientific
accomplishments and a great
honor for St. Jude,” Evans said
in a statement. “As we continue
to focus on finding cures for
life-threatening diseases, Dr.
Downing is among those leading
the way in revealing the genetic
causes of childhood cancers.”
Downing is internationally
recognized for his contributions
to the understanding of the
molecular pathology of acute leukemia. In 2010, he helped launch
the St. Jude Children’s Research
Hospital/Washington University Pediatric Cancer Genome
Project, the world’s largest project
devoted to understanding childhood cancer.
“The first phase of the Pediatric Cancer Genome Project
was more successful than I could
have possibly imagined,” Down-
Downing
ing said. “We rapidly amassed a
team that I think is now the best
on the world, and we tackled 23
different pediatric cancers.”
The $65 million first phase,
which ended in February, includes sequencing the complete
normal and cancer genomes
of approximately 700 children
and adolescents with some of
the least understood and most
aggressive pediatric cancers. The
team was also able to sequence
another 2,000 cases at a slightly
lower level of resolution, Downing said.
Prior, only one genome had
been sequenced. The project has
produced key discoveries related
to childhood leukemias, brain
tumors, central nervous system
tumors and eye tumors.
“In every cancer that we’ve
looked at, we’ve made fundamental discoveries that have altered
the way we think about that cancer,” Downing said. “We’re getting
new insights into the mutations
driving those cancers and new
biologic markers that will help us
to better diagnose those cancers
and perhaps risk-stratify them.
It’s a remarkable set of results
coming out of a very focused
effort.”
One specific finding identified a common mutation in 80
percent of cases involving diffuse
intrinsic pontine glioma, a highly
lethal form of brain cancer.
“This finding provides a
glimpse into the nature of the
driver mutations in this tumor,”
Downing said. “The results provide hope that through a focused
effort on understanding how the
identified mutation drives the
formation of the cancer, we will
ultimately be able to develop
rational approaches to the treatment of this cancer.”
The project’s $30 million second phase to dig deeper into the
genomic landscape of childhood
cancers is now underway. In addition, the hospital has undertaken a major effort to translate
genomics into clinical decisionmaking.
Downing joined St. Jude in
1986 as an assistant member in
pathology, and he ascended to
serve as chair of the department
from 1997 to 2009. He was appointed as the institution’s executive vice president and scientific
director in 2004 and as its deputy
director in 2011.
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November 8-14, 2013 19
‘Pastor Larry’
Inspires at Sober
House
S MA L L- B U S IN E S S S P OT L IGHT
Edwards Finds Green Niche
That Makes a Difference
Richard J. Alley
W
hen Madeleine Edwards
considered returning to the
workforce in 2008 following
time as a stay-at-home mom, she said
she wanted to do “something that I felt
like made a difference.” She was looking
for a “green job.”
What she ended up doing would
satisfy her environmental soft spot as
well as the first rule of entrepreneurship
– she found a niche and filled it.
It was a niche she didn’t even know
existed. In her spare time she had been
helping her brother-in-law collect plastic water bottles from Presbyterian Day
School, where he worked, and hauling
them to a recycling center. He suggested the school might be able to pay
her for her time.
From these altruistic beginnings
grew Get Green Recycleworks. Edwards
has a list of clients that include restaurants, bars, schools, offices, churches
and retailers who contract with her to
pick up and haul away recyclable items.
The city of Memphis does not provide
such services to businesses and the
larger waste management firms won’t
typically accommodate the smaller
organizations that Edwards counts as
customers.
The business foundation was built
after reading an article on Margot McNeeley and her nonprofit startup Project Green Fork, which helps restaurants
reduce their environmental impact.
“At the end of the interview I put a
plea out there and I said, ‘If there is anyone out there that wants to start a recycling business, that’s the missing piece
to making this whole Project Green Fork
Midtown
2000 Union Avenue
901-272-7300
Downtown
50 North Front Street
901-432-7300
East Memphis
510 South Mendenhall Road
901-888-2265
cbtcnet.com
Madeleine Edwards wanted to do something that “made a difference,” so she
began Get Green Recycleworks, which hauls away recyclables from businesses.
thing happen,’” McNeeley said.
Edwards responded and the two
women came together with McNeeley
helping Edwards formulate a business
plan.
“All along the way, we’ve grown
together and kind of been unofficial
partners,” Edwards said.
People tend to confuse her operation with Project Green Fork, or think
the two entities are intertwined. They
are not.
Get Green’s collection trailer is
wrapped in the Project Green Fork logo
because McNeeley won a grant to buy
the trailer, which Edwards leases from
her. It’s a win-win, providing McNeeley’s
nonprofit with regular income and Edwards with a large enough conveyance
to handle her workload.
Her startup costs were minimal, saying, “My approach was just to do it with
the least overhead possible.”
She stayed in touch with the city’s
Public Works Department throughout
the process to make sure she wasn’t
crossing any boundaries and that each
step was handled correctly.
Working alongside Project Green
Fork gave Edwards an in to like-minded
restaurants and from there, word of
mouth has helped her grow to nearly
70 clients, all within the Interstate 240
loop.
“That’s one way that I’m really
blessed, I’ve never had to really sell it,”
she said. “If people are interested in my
service, they call me and I talk to them
about it. Basically, they’re coming to
me because they want to do it and they
need help doing it.”
Get Green provides bins and collects
recycle continued on P25
When you look at the big
picture of poverty, homelessness, and under-education in this country, or
here in Memphis, it appears
rather bleak. However,
when you focus on the
individual efforts
Mary C. McDonald
being made to
Guest Column
combat those societal ills that are bending the cycle of poverty
to the breaking point, from where I sit, the big
picture is looking better all the time.
Where I sit is as a host of the radio talk
show “Seize the Day” on KWAM 990. It has
been an eye-opening privilege to hear the
guests on the show share their stories of
hope and inspiration, stories of the difference
that one person with a vision and tenacity
can make in the lives of people who have no
hope, no way out of life in a downward spiral.
Memphis has many of those inspirational
people, those social entrepreneurs, each
doing his or her part to lift up Memphis, one
idea at a time, one person at a time. One such
inspirational person is Larry Hunter.
Larry Hunter, or Pastor Larry as he is
called, came to Memphis to fulfill his dream
of driving a bus, and he loved his job. His
bus was like hope on wheels for many of the
people who rode it as he greeted each one
with words of joy and encouragement, and a
sermon or two. One night a man got on the
bus who just lost his job, was now homeless,
and addicted to alcohol. He fell in the seat
and said to Pastor Larry, “I know I could get
sober if I just had a place to go, like a sober
house.”
Pastor Larry was so inspired by the man’s
need that he quit his job and converted his
own home into a homeless shelter in 2007,
offering shelter, counseling, and education
services to homeless adults in the greater
Memphis area. He provided hope and incentives for the addicted to return to a life of
sobriety, and assisted them in re-establishing
themselves in the community.
By 2010, Pastor Larry and the volunteers
at Sober House Homeless Shelter, which
has since become a nonprofit entity, have
serviced more than 1,500 people, including families, with meals, shelter, counseling,
education, and even provided more than 30
donated cars to people in need of transportation. In the big picture of social service
responses, there are many established
agencies with excellent services and reputations that respond to a wide range of negative
social conditions in our community.
Philanthropy is alive and well in Memphis, and the generosity that is displayed by
Memphians who want to help is inspirational.
But when you focus in on fine brush strokes
of that big picture, there is even more depth,
more richness with the multitude of individuals who, each in his or her own way, are an
important part of that big picture. One person
with a vision and tenacity can still make a
difference.
Contact Dr. Mary C. McDonald, a National Education Consultant, at 574-2956 or
visit mcd-partners.com.
20 November 8-14, 2013
A r c h i t e c t u r e & Des i g n
Crosstown
Plans Continue
To Evolve
Community
‘Got to Do Something’
Freedom Awards honorees challenge community to be engaged
Bill Dries
[email protected]
T
he National Park Service nixed plans for
planting greenery on one side of the Crosstown parking garage but is OK with developers of the old Sears Crosstown property replacing
windows in the mammoth building with new,
similar-looking and configured ones.
Those are just some of the evolving details of
the $180 million development that Crosstown LLC
hopes to begin early next year.
The review by the National Park Service is essential to receiving federal historic tax credits that
are part of the financing for the project.
The garage will still be restored, but without the
plantings that were originally planned as a feature
of the exterior.
Developers argued that the original windows
are too deteriorated to repair, which is normally the
first choice of park service preservationists. In this
case, the park service agreed all of the windows,
which are a major architectural feature across the
north and south faces of the Crosstown building,
could be replaced. The new ones would include
the same section of opening panes in the middle,
which follows the original design.
The windows are present in all three of the
stages of the building, from the 1927 original to the
1950s addition. But Tony Bologna, an architecture
and planning consultant to the Crosstown developers, said the windows differ from one part of the
building to another when it comes to details like
their color and how they were made.
The new windows will be based on a single old
window configuration, with planners still working
on the exact color of the window framings.
Crosstown LLC has commitments from eight
“founding partners” to use 600,000 square feet in
the 1 million-square-foot building. The partners
are Crosstown Arts, Gestalt Community Schools,
Church Health Center, Methodist Healthcare,
Memphis Teacher Residency, Rhodes College, St.
Jude Children’s Research Hospital and ALSAC, the
fundraising arm of St. Jude.
Their uses and others will include commercial,
office space, retail and residential uses within the
building.
Still uncommitted at this point is $15 million in
funding the developers are seeking from the city of
Memphis. That funding would be for infrastructure
work, including some interior demolition to create
several atriums within the existing building.
Bologna said this week that demolition will also
include a part of the original 1927 building, a singlestory structure behind the tower fronting North
Watkins Street that is too deteriorated to save. It was
the site of the original power plant for the tower and
its two wings, all of which were built in 180 days in
1927.
Bologna also said the developers and National
Park Service officials are still discussing deteriorating parapets on the fifth floor that are five to 10
degrees out of plumb by Bologna’s estimate.
A drive-thru lane for the Church Health Center
Clinic that would have linked up with Claybrook
Street would no longer link with the street in the latest set of plans. Design plans approved Wednesday,
Nov. 6, by the Downtown Memphis Commission
Design Review Board still show a main entrance
on the south side of the building instead of the old
main entrance on North Watkins.
International Paper CEO John Faraci with the 2013 Keeper of the Dream award winners M’Lea Scott (White Station High School), from left, Jack Dougherty (Schilling Farms Middle School) and Iyonia Boyce (Collierville Middle
School) at the National Civil Rights Museum Freedom Awards Nov. 6.
Bill Dries
[email protected]
E
ducator and Harlem Children’s
Zone founder Geoffrey Canada
came to the National Civil
Rights Museum Freedom Awards
Wednesday, Nov. 6, with some harsh
words as he and two others accepted
the awards.
“We ought to be ashamed of
ourselves,” Canada began his remarks
before several hundred people at
Temple of Deliverance Church of
God in Christ, site of the 22nd annual
awards forum.
“You all know what’s happening
in your schools, in our communities,”
Canada continued. “We ought to be
ashamed for allowing a system to
destroy so many of our young people.
There is a system in place that is
determined to not have these young
people be successful. We’ve got to do
something about that.”
Canada and Black Enterprise
magazine founder Earl G. Graves
Sr. sounded a common theme that
connected systemic challenges of the
civil rights era to different contemporary systemic challenges of the 21st
century.
And Mary Robinson, former
president of Ireland, connected local and national struggles to global
movements for change.
Graves challenged the audience
composed primarily of school groups
to “be just as engaged and disciplined
as my generation was and had to be
when Emmett Till was with us. Your
generation has Trayvon Martin.”
“
We’ve allowed
failure to become
the norm in
schools across this
country.”
– Geoffrey Canada
Founder, Harlem Children’s Zone
“My generation had to walk into
the back of the department stores
to buy clothes without being able to
try them on,” he said. “Your generation faces the fact of being stopped
and arrested by police after you’ve
made your purchase because of racial
profiling.”
Harlem Children’s Zone is a
nonprofit organization that is now a
model for rebuilding communities
around schools. Canada acknowledged resistance to the changes in
education.
“We’ve allowed failure to become
the norm in schools across this
country and nothing changes. So you
can fail a group of kids for 30 years
and nothing changes,” Canada said
after his speech. “And then when
people try to bring innovation – when
someone says we want to do a charter
school, then people go crazy. No one
goes crazy when the kids fail every
single year.”
Canada said schools and the
reforms taking place in them are
competing with other institutions like
prisons.
“We’ve allowed our communities
to invest so much in jails and prisons
that it’s pressured our budget. So any
time you want to do something like
pre-K, people tell you we have no
money,” he said. “You just have these
things that just keep grinding away.
… And those are the institutions I
think we have to actively interfere
with.”
Robinson told those at the forum
that the struggles present in the
United States are linked to larger
global struggles including “the growing inequality of wealth and influence
in countries, including in this great
country.”
“This is our world – such inequality,” she said. “Dignity comes before
rights.”
Robinson is a former United Nations High Commissioner for Human
Rights and a UN special envoy to the
Great Lakes Region of Africa.
The first woman to be president
of Ireland also talked of “incredible
gender discrimination” worldwide
even in societies which are not in
conflict with other nations.
She talked of standing on the balcony at the museum Tuesday where
civil rights leader Dr. Martin Luther
King Jr. was assassinated in 1968 and
the emotional experience.
She said the awards serve “to
connect the very tough struggle in
this country, with a lot of racism and
inequality, with the international
struggle.”
“They have so many things in
common,” she said.
November 8-14, 2013 21
P r o fess i o n a l S e r v i c es
News m a ke r s
Inman Joins Next Day Access ‘Hoarders’ Star
Partners With
As Franchise Manager
ServiceMaster
Kate Simone
[email protected]
Michael Waddell
[email protected]
Greg Inman has joined accessibilities solutions
provider Next Day Access as franchise manager for
the Memphis office, where he will supervise sales,
marketing, service management and hiring. Next Day
Access offers wheelchair ramps, stair lifts, bathroom
safety products and other accessibility products for
people with disabilities or accessibility challenges.
Hometown: Memphis
right now? Jason Crabb
Experience: I have been an entrepreneur and business owner most
of my professional career. I was coowner of Inman-Murphy Termite and
Pest Control for more than 12 years,
as well as founder and owner of GospelGigs.com, which I still own and
manage.
Activities you enjoy outside of work: Singing with my
family in our Southern gospel
group and spending time with
my wife, drinking coffee and
watching “Dateline.” (Pretty
exciting, huh?)
Family: I have been married to my
lovely wife, Kelly, for 24 years. We
have four boys: Alex, 23; Parker, 20;
Dawson, 18; and Harrison, 16.
Favorite quote: “A day without sunshine is like night.” – Steve Martin
Favorite movie: I absolutely love
movies to the point that I go to five or
six movies per month. My interests
are very broad, from comedy to drama to horror. I think my all-time favorite movie would have to be “Dumb
and Dumber.”
The sports team(s) you root for:
Grizzlies, of course.
What’s playing on your stereo
Rychetta Watkins has been
named the new assistant
director of the Benjamin L.
Hooks Institute at the
University
of Memphis. Watkins most
recently
served as
Watkins
development manager for Stand for
Children. Loel Kim, an associate professor in the University of Memphis English
department, has joined the
Hooks Institute as a faculty
fellow for fall 2014. Carla
Peacher-Ryan, a shareholder in the Memphis office of
Baker, Donelson, Bearman,
Caldwell & Berkowitz PC, has
joined as the Hooks Institute
Corporate Fellow.
Dr. Charles J. Sherr, chair
of the St. Jude Children’s Re-
Inman
What talent do you wish
you had? I wish I was a better
golfer. I don’t play much anymore
because my talent level is nowhere
close to where I would like it to be.
Who has had the greatest influence on you? I have had many men
over the course of my life who have
influenced me. My father taught
me my work ethic. My father-in-law
taught me how to think big. And, my
former pastor, Adrian Rogers, taught
me how to put it all into perspective.
What attracted you to Next Day
Access? My friendship with Brian
Clark, president of Next Day Access,
is what initially attracted me to the
company. I have known him, his wife
and family for years, and I respect
search Hospital Department
of Tumor Cell Biology and
a Howard Hughes Medical
Institute investigator, has
been awarded the 2013 Prize
for Scientific Excellence in
Medicine by the AmericanItalian Cancer Foundation.
The prize recognizes discoveries in cancer biology,
prevention, diagnosis and
treatment.
Barbara Daush, president of
St. Agnes Academy-St. Dominic School, has been elected
chair of the
Southern
Association of Independent
Schools
board of
trustees.
Daush
Daush has
been a member of the board
since 2008 and currently
serves as chair of its accredi-
what he and his brothers have done
with the company. I was excited
when the opportunity presented itself.
What are your goals in your new
position? My goal for my new position is to create a team of like-minded people who are excited and work
daily to grow our franchise to its fullest potential.
If you could give one piece of advice to young people, what would
it be? If I could give one piece of
advice to young people, it would be
to dream big and follow your dream.
You’ve got to work at least 40 hours
a week, so you might as well enjoy it
– and you might as well make money.
tation committee.
Tennessee Sen. Mark Norris, of Collierville, has been
elected to the executive committee of the
Southern
States Energy Board,
which includes governors and
state legislaNorris
tors from 16
states, Puerto Rico and the
U.S. Virgin Islands. Norris
was appointed to the board
in 2009 by Tennessee Lt. Gov.
Ron Ramsey.
The University of Memphis
School of Public Health has
been awarded a five-year,
$2.9 million grant from the
National Cancer Institute.
The grant will fund a lung
cancer research study in
collaboration with Baptist
Cancer Center and other
Mid-South health care institutions.
Ben H. Arnold Jr. and Michael S. McManus have
partnered with Group Benefits LLC to provide group
health insurance services to
employers, and employee
education and enrollment
tools. Arnold and McManus
will continue to operate their
business independently, but
will work under the Group
Benefits umbrella.
The University of Memphis has been designated
an Innovation & Economic
Prosperity University by the
Association of Public and
Land-Grant Universities. The
designation acknowledges
universities working with
public- and private-sector
partners to support economic development.
“Hoarders” television personality and Clutter Cleaner owner Matt Paxton met this week
with ServiceMaster Clean and Restore franchisees and staff at the ServiceMaster Training Academy to discuss their newly formed
partnership and examine hoarding, which has
been officially listed as a mental disorder by the
American Psychological Association.
Paxton and Clutter Cleaner recently partnered with Memphis-based The ServiceMaster
Co.’s Clean and Restore divisions to expand
the reach of specialized hoarding and estate
cleaning services on a national scale. Between
5 million and 14 million people in the U.S. are
compulsive hoarders.
“For hoarders, it really is not about stuff.
Hoarding is an emotional disorder that manifests itself out as trash. A hoarder is generally a
very caring person,” Paxton said. “For the past
seven years, we’ve traveled the country, cleaning thousands of houses and helping families.”
As the TV show “Hoarders” grew in popularity over the past six years and awareness of
hoarding increased, Richmond, Va.-based Clutter Cleaner began fielding more job inquiries,
reaching more than 1,000 requests per month
that it could not handle due to its size. So
Paxton began searching for a partner with an
established network to help people in need.
“One of the things that we are always looking for are service expansion opportunities,
ways to identify new customers,” said Bobby
Lewis, ServiceMaster vice president of innovation and project management. “Our partnership with Clutter Cleaner is a co-branded, comarketed deal because we see strength in both
brands. Matt brings more than eight years of
experience dealing with hoarders, and we see
this as a growing segment and an opportunity
to more effectively service those people.”
Lewis feels the partnership differentiates
itself from other services due to a focus on
helping the person get help with their problem.
Clutter Cleaner takes each customer through a
checklist to examine their hoarding and figure
out ways to break the habit before the job is
submitted to ServiceMaster.
“Our approach is to get to know the
hoarders and their families, and then tailoring
solutions around their emotions and not their
stuff,” said Paxton, who spends 10 to 20 hours
with families before cleanup begins. “There’s
no way to cure hoarding just by taking the stuff
out of the house. If you don’t get therapy of
some kind and you don’t deal with the mental
side of it in some way, the house absolutely will
fill back up.”
Clients are guided to local therapists, social
workers and adult protective agencies to help
address their disorder.
“There’s always a reason the hoarding
starts. Usually something tragic happens as a
trigger, such as depression or grief from loss of
a job or family member, some sort of abuse, or
divorce,” Paxton said. “I’ve never really met a
bad hoarder. They are usually good people that
something bad has happened to. Every hoarder
starts out with a normal, clean house and a
happy life.”
22 November 8-14, 2013
Earnings
Sales Can’t Save Wright’s Quarter
Amos Maki
[email protected]
M
emphis-based Wright
Medical said that while
sales soared in the third
quarter, its quarterly loss swelled
to $130 million due to the writedown of its recent acquisition of
bone graft maker BioMimetic.
Sales for the medical device
maker’s knee and ankle business
helped sales in the third quarter jump to $57.6 million, up 13
percent. Wright Medical said sales
through the first nine months of
the year totaled $174.5 million, up
from $155.7 million over the same
period last year.
Sales for Wright Medical’s core
foot and ankle business in the
quarter hit $35.2 million, up from
$29 million in the same quarter
last year. For the year, foot and
ankle sales increased roughly 23
percent to $107.6 million.
“Our third quarter results
again demonstrated the growth
potential of the go-forward business with sales from continuing
operations and global foot and
ankle increasing 14 percent and
22 percent, respectively, on a
constant currency basis,” Wright
Medical president and CEO Robert Palmisano said in a release.
“Notably, we were able to accelerate our growth rate in our U.S.
foot and ankle business despite
the ongoing transition activities as
a result of the MicroPort transaction.”
While sales increased, Wright
Medical said its financial losses
increased in the third quarter due
to the write-down of its recent
acquisition of bone graft maker
BioMimetic. Wright's quarterly
loss grew to $130 million, or $2.80
per share, from a net loss of $5.3
million, or 14 cents per share, in
the third quarter of 2012.
The company reported a
$137.9 million write-down on the
value of the company's BioMimetic acquisition, which became
final in March.
Minus the write-down, and
other one-time costs, the company would have lost 18 cents per
share.
Wright maintained its fiscal
year 2014 guidance of a loss between 55 and 59 cents per share,
which is in line with analysts’
expectations.
Wright is awaiting U.S. regulatory approval for the Augment
Bone Graft product, which would
be used as an alternative product
for use in foot and ankle fusions.
Augment Bone Grant was acquired with BioMimetic and was
designed to be an alternative to
the use of a patient's own tissue.
Wright said the Food and Drug
Administration intends to hold
a dispute resolution panel to
address the company's product
application, which was originally
rejected in August. The company
said it will work with the FDA to
schedule the panel as soon as
possible.
“We appreciate the FDA’s
willingness to grant our request
to convene a Dispute Resolution Panel in connection with
our appeal of the not approvable decision for Augment Bone
Graft,” Palmisano said. “We look
forward to working with the FDA
to schedule the panel meeting as
soon as possible.”
Wright Medical announced
in October that it had reached a
$75 million agreement to buy the
French company Biotech International, a privately held manufacturer of surgical implants and
advanced fixation technologies
that deal with fractures.
In addition, Wright Medical
and MicroPort Scientific Corp.
are awaiting regulatory approval
for the proposed $290 million
sale of Wright’s knee and hip division, OrthoRecon, to a division of
Shanghai-based MicroPort.
“We were pleased to see another quarter of strong international growth with positive progress in market development in
several key countries,” Palmisano
said. “In addition, our recent
agreement to acquire Biotech
International represents another
important step in the transformation of our business to a
dedicated Extremities-Biologics
company exclusively focused
on extending our leadership
position in this fast growing and
underpenetrated market and
is an important addition from
which our international business
can continue to grow.
“During the fourth quarter,
we look forward to closing the
transactions with MicroPort and
Biotech and exiting the year as a
(Memphis News File/Andrew J. Breig)
While sales soared in the third quarter, Arlington-based Wright Medical said its quartely loss swelled to $130 million.
high-growth, pure play Extremities and Biologics company. We
will continue to focus on accelerating growth opportunities
in this area, including increasing U.S. foot and ankle sales
productivity and extending the
global reach and penetration of
our products in key international
markets.”
Wright Medical won approval
earlier this year to relocate its
corporate headquarters from
Arlington to Memphis.
G ov e r n m e n t
Council Shares Criticism of Mayor
Bill Dries
[email protected]
M
emphis City Council members
profoundly disagree with one
another on how far the city
should go to fund a renovation of Southbrook Mall in Whitehaven. But both sides
of the council discussion were of one mind
Tuesday, Nov. 5, about their dissatisfaction
with the qualified support the administration of Memphis Mayor A C Wharton Jr. has
gradually given to the project.
George Little, the city’s chief administrative officer, took the brunt of criticism
Tuesday from council members on both
sides of the issue.
“What filter do y’all use to say yes or no
to a project?” asked council member Kemp
Conrad, a critic of any funding for the mall.
“Certainly there’s no shortage of buildings
with bad roofs. … There’s no shortage of
need in this community. … In an era of less
and finite resources, what filter do y’all use
to get behind and allocate scarce dollars?”
Little said the administration has a
rigorous process and says “no” frequently to
projects that the council never hears about.
Conrad became more pointed on a day
when the council unanimously approved a
transfer of $7.5 million capital funding for a
Memphis police traffic precinct to redevelopment of Raleigh Springs Mall, which
could be the new site of the precinct.
“What do y’all say no to?” Conrad said.
“What about other malls?”
Little and the administration also took
fire from council member Janis Fullilove,
who proposed the original $1.5 million in
funding for the project.
“Has not money been juggled around to
do what the administration wanted done?”
Fullilove said. “I just get the feeling that you
all don’t want to do this little black project
for $1.5 million but we can do these other
projects. Coming before us soon will be the
Crosstown project where we will come up
with some $15 million that we don’t have,
according to the administration.”
Fullilove has said several times that
she believes the project has had difficulty
at City Hall because the developers are
African-Americans.
Despite the wording of the October
resolution that made city funding contingent on a legal opinion about whether
it was a prohibited private use, Fullilove
claimed the legal complication that killed
the funding that way was a surprise.
“You said nothing and sometimes
silence is golden. But sometimes silence
means consent,” Fullilove told Little. “Surely with all of these attorneys we have on the
council … someone knew at that moment
that they couldn’t take place.”
The funding would have come from
state and federal money for improvements
to the Elvis Presley Boulevard streetscape
that will not be spent this year. But if the
funding had been used for what federal officials later determined was a private use, it
would have endangered the larger amount
of federal funding for the streetscape improvements as well. The legal opinion from
the city attorney’s office is that the council
cannot fund the mall renovation in that
way. And council attorney Allan Wade made
the same point.
“You lost complete control of it after
that,” he told council members. “It’s gone.
It’s in the administration’s hands. … The
public uses are still going to be an issue.”
That set off a council debate about
whether to try to revive the possibility
with a public use like a police precinct in
the mall. Conrad, at one point, proposed
and the council approved an amendment
directing the administration to “attempt to
conjure up a public use for the property.”
“This, to me, is more that we are conjuring up things … just so we can give someone a million and a half dollars because
their roof is falling in,” he said.
Council member Harold Collins later
amended that language out of the resolution and replaced it with directions to “find
an appropriate use for the facility, if any,
and identify the proper funding to carry it
out.”
The council approved Collins’ language
on the feasibility study and a report from
the administration is due by the Dec. 3
council meeting.
“To use the term ‘conjuring up’ to come
up with an idea, in my opinion, is disingenuous to the people who work very hard out
there to make something of a good community,” Collins added.
November 8-14, 2013 23
Me m p h i s s ta n d o u t
Kelley Shares Memphis Stories
As Public Defender Assistant
Richard J. Alley
L
urene Kelley loves to tell a good
story. These days she’s sharing
some important stories that often
go unheard in her role as special assistant
for organizational communications in the
law offices of the Shelby County Public
Defender. She is involved with organizational and external communications for
the office, as well as internal planning on
special projects and public outreach.
One of those recent projects is Street
Court for those with outstanding court
debts to have them forgiven. It’s a second
chance for them to get on with their lives
and become productive citizens.
“It seems like a small thing,” Kelley
said. “They can pile up into the tens of
thousands, and the people that we’re helping are indigent. … It holds these people
back.”
Kelley grew up in Butte, Mont., and
went to Gonzaga University to study television journalism. As a reporter and anchor
back in Montana, she met her future husband, Chris – then a minor league baseball
player – and moved to Knoxville, where he
was a student at the University of Tennessee. In 1995, when it came time for another
move, she looked for work in four Southern cities. Memphis was the first to call.
“We came on the first day of Memphis
in May,” she said. “It was the most fun
time to move to Memphis, the weather
was great and all the stuff going on. So we
just kind of immediately fell in love, and
we’ve been watching Memphis continue to
change and evolve in a lot of ways.”
She went to work for WREG-TV as
an on-air journalist. When the late-night
police beat became too much, she began
looking elsewhere for work and had to
make the decision between a similar beat
in a different city or returning to school.
She went to the University of Memphis
and earned a doctorate in organizational
Kelley
communications. Teaching journalism at
that level is a highly competitive field, and
there was only one such position in Mem-
phis at the time.
As her luck would have it, her professor
– the holder of that one job – was retiring.
She learned of the opening as she waited
to walk at graduation.
While teaching in the journalism
department at the university, Kelley began
MicroMemphis, a program that takes
students out of the classroom and into a
defined neighborhood to gather stories
and share them on social media. It was a
way for her to share her love for storytelling in a real-world capacity.
“I loved teaching,” she said. “I loved being at the university. I loved working with
students and thinking of new programs.”
Despite that enthusiasm, when she got
a call from Shelby County Public Defender
Stephen Bush to act as consultant for the
office, she jumped at the chance.
“He had a vision for how he wanted to
see public defense change in Memphis,”
kelley continued on P25
Nonprofit Sector
Grant Helps HopeWorks Expand GED Program
Erinn Figg
L
ast month, Andy Burgess
of Memphis received
his GED diploma. With
his sights set on a career in the
transportation industry, Burgess
knew the high school equivalency
certificate would make him a
more viable job candidate.
However, when he decided to
take GED classes, he wavered on
the logistics. His biggest concern
was where to take the classes. He
was reluctant to enter an impersonal classroom setting. Years
ago, life and its demands had
intercepted his plans to graduate
from high school. He wanted to
make sure life and its demands
didn’t get in the way again. He
needed flexibility and support.
“A friend of mine from church
talked me into checking out
HopeWorks’ program,” Burgess
said. “She said they were very
hands-on there and all about
encouraging you and making you
believe in yourself.”
It turned out to be great
advice. Burgess enrolled in
HopeWorks’ four-week fast-track
program with a focus on math,
one of several free high school
equivalency test training options
offered through the local not-forprofit organization.
“Everybody there is wonder-
ful to work with,” Burgess said.
“The one thing they tell you over
and over – and they get you to
memorize it – is ‘You can do this.
You can do this. You can do this.’
They teach you how not to be
stressed out about the classes.
They remind you, ‘You can do
this – just read, think and relax.’
If you’re a student there, they’re
going to be with you every step of
the way.”
Anna Snickenberger, adult
education instructor, has been
with HopeWorks for almost five
years. She is a fan of both the
organization and the city.
“I love the energy and spirit of
this city, that people are so willing to come together to work for
positive change and make Memphis a better place to live,” said
Snickenberger, a former Teach for
America instructor. “And I love
that HopeWorks looks at each
student holistically to determine
what we can give them to better
prepare them for life, a family
and a career.”
Founded in 1988 as the Life
Skills Lab and renamed in 1998,
HopeWorks primarily serves lowincome adults and ex-offenders
with the ultimate goal of developing individual worth and
encouraging personal responsibility. According to 2012 statistics,
about 70 percent of HopeWorks
students have been incarcerated,
(HopeWorks)
Instructor James Calhoun and student Temicka Oliver at a GED class
at HopeWorks, at Midtown Church of Christ on Union Ave.
and about 65 percent don’t have
a high school diploma. Through
outreach programs such as educational and life skills training,
spiritual counseling and community meals, the faith-based organization strives to break cycles of
crime, poverty and addiction.
HopeWorks’ GED program
in particular has evolved significantly during the past year. In
2012, the Tennessee Department
of Labor and Workforce Development awarded a $188,000 grant
to the organization, expanding
the program to serve up to 700
students throughout the county.
This year, an additional
$300,000 Labor and Workforce
Development grant has al-
lowed HopeWorks to expand
even more, increasing its goal to
serving 2,000 students through
July 2015. The new grant also has
enabled the organization to hire
more staff and offer more classes
throughout the week. They’ve
even shifted the focus to encompass more than just test scores
and given it a new name – the
Adult Education Program.
“We want to keep improving
our success rate,” Snickenberger
said. “We also want to prepare
our students for testing changes
on the horizon as well as life
beyond that test.”
Starting in January, the GED
test will be computer-based and
is expected to be more rigorous,
she said. The cost of the test also
will increase from $65 to $120,
although HopeWorks pays each
of its students’ test fees.
In response to the GED
changes, the nonprofit testing
group Educational Services created an alternative high school
equivalency test called the HiSet,
which costs $50 and has paper
and computer options.
Tennessee accepts both the
HiSet and the GED as high school
equivalency credentials, and
HopeWorks plans to offer test
prep courses for HiSet as well.
Snickenberger notes that
HopeWorks considers these
certificates to be just one factor
needed to get participants on the
path to success. She and her colleagues have worked extensively
to tailor the organization’s educational programs to fit the needs of
each individual and to make the
experience last far longer than
the time it takes to complete a
high school equivalency exam. To
that effect, HopeWorks also offers
a number of personal and career
development courses, including classes in interviewing skills
and job searching. There also is
a program in the works that will
soon allow students to train with
industry partners to gain skills
in their chosen industries while
also preparing for the necessary
exams.
24 November 8-14, 2013
Automate Your
Finances For
Painless Saving
Ray’s Take
Saving is hard.
There are so many
temptations when you
have to make a
conscious decision to put mon- ray & dana Brandon
rays of wisdom
ey aside each
paycheck. For many, the money goes straight into
a checking account, and then flows right out again
to pay an endless stream of bills.
If something is left over it might go into savings, but how often is something left over? Our intentions are good, but even with modern technology easing the way, inertia is still a powerful force:
An object at rest tends to stay at rest.
I’m a big believer in PYF, the “pay yourself
first” philosophy – before you pay all your bills and
expenses, you should save something for yourself
first, not last. After all, isn’t your future at least as
important as all those other responsibilities? So
why not save to secure it?
Putting your savings plan on automatic is the
easiest way to make “pay yourself first” a reality.
It’s easier to save when the process is something
you don’t have to think about – there are no additional steps to take, and the decision of what to
save has already been made. Even better, when
you don’t see the money in the first place, you’re
far less likely to miss it.
The first step is to contribute the maximum to
your retirement plan, not just enough to get any
match. It’s hard to spend money that you never
“get.” After that, you should set up an automatic
draft from your checking account to your investment accounts. Most mutual funds are glad to set
these up.
Try to automatically save as much as you can,
but even if it is little as $50 a month, you’re creating the habit of regular investing. When you get a
raise, be sure to “raise” your PYF. At some point
you can calculate in more detail exactly how much
you need to save for various goals, but at least
you’re already saving.
Make automatic savings your first tool to
“pay yourself first,” and you’ll be surprised at how
quickly the money accrues.
Dana’s Take
To instill the idea of saving, or “paying yourself
first,” in your children, take advantage of their
natural love for ritual and tradition.
As soon as you start giving a child an allowance, make it clear that part of that allowance is
to be saved for the future. However, don’t just hold
that money for her. Have your child place it herself
in a special bank or container so that she can see
it grow.
You might even add some aspirational statement to the occasion, something like: “What I’m
saving will get me a bicycle/video game/whatever.” By doing this every time your child receives an
allowance, you are instilling the idea of saving as
a positive force from the very start. That can only
serve well for the future.
Ray Brandon is a certified financial planner
and CEO of Brandon Financial Planning (www.
brandonplanning.com). His wife Dana has a
Bachelor’s in Finance and is a Licensed Clinical
Social Worker (LCSW). Contact Ray Brandon at
[email protected].
m e m p h i s L a w Ta lk
Box’s Law Career Spurred
By Helping Community
Richard J. Alley
B
rad Box, a partner at Rainey,
Kizer, Reviere & Bell PLC, has
been named the 2013-2014
president of the Tennessee Defense
Lawyers Association. The association is the state arm of the national
Defense Research Institute, an organization committed to the exchange of
ideas, technique and information.
“It’s a great honor,” Box said. “It’s
just a great association for building
skill and integrity … and having a
voice for ourselves and our clients on
issues that are important to the folks
that are generally on the defense side
of cases.”
Rainey Kizer has offices in Jackson, Tenn., and Memphis. Box, who
lives in Jackson, has embraced the
commute – with the majority of his
work being Shelby County, state and
federal cases.
“I consider myself as a Memphis
lawyer,” he said.
Box is a civil trial attorney
representing national and regional
corporations in business, tort and
insurance litigation, mainly on the
defense side. It isn’t the area he
thought he would focus on as he was
working toward a bachelor’s degree
in economics at the University of
Tennessee-Knoxville. “I thought I
would do transactional work, and I
never have.”
He grew up on the Tennessee
River in Decatur County, Tenn., and
may have been set on his path early in
life when his father told him his name
– Bradford David Box – “sounded like
a lawyer.”
Whether the seed was planted
then or not, he graduated from the
University of Memphis Cecil C. Humphreys School of Law in 1994, having
interned with Rainey Kizer between
his second and third years of school.
He told the firm during his internship
exit interview, “Look, I’m coming to
Jackson and y’all can hire me if you’re
Box
“
I’ve got great
mentors ahead of me
that are living their
lives the way I want
to live mine.”
willing, but either way, I’m coming to
your town.”
A firm believer in the importance
of family and community, Box seeks
such characteristics, not only in his
private life but professionally as well.
This is a key reason why he’s stayed
with Rainey Kizer since the beginning.
“The unique thing about our firm,
and the thing that stood out to me
and stands out to me now, is our firm
… is really committed to supporting
people in their personal lives, giving
them encouragement in living their
lives the right way in their faith, in
their family, and I’ve got great mentors ahead of me that are living their
lives the way I want to live mine,” he
said.
Memphis Attorneys
Receive court
dockets each
business day
and market
your services
to potential
clients.
He’s active within the community
with the Room in the Inn program,
part of Area Relief Ministries. The program helps shelter homeless men in
Jackson, which doesn’t have a men’s
homeless shelter. Area churches
provide a place to sleep, dinner and
breakfast.
As an avid runner – a “fanatic,”
he says – he’s come in fifth overall in
the Lean Horse 100 ultra marathon
in South Dakota, and is training for
Chattanooga’s first Ironman next year.
Running is something he came
into late in life. As a way to help get
his community involved in the sport
he loves so much, he’s on the committee working to build Jackson’s first
greenway.
“(Running) was a big part of stabilizing my life because I realized after
about 10 years of practicing law that
I wasn’t exercising. I was gaining two
or three pounds a year, and I just kind
of made a life change,” he said. “It’s
been great. I feel better, I sleep better
– there’s no substitute for that.”
Box and wife Angela have four
children – Weston, 14; Jenna, 10; Marshall, 8; and Jondavid, 6. With four
children, he says, “there’s never a dull
moment.”
It’s been a year of honors for Box.
In addition to being named president
of the TDLA, an organization he first
became associated with 15 years ago,
he was also added to the executive
committee of Rainey Kizer. He’s an AV
rated lawyer, a member of the Howell
Edmunds Jackson American Inns of
Court, and a fellow in the Federation
of Defense and Corporate Counsel.
Box has become the attorney he’d
hoped to be, largely because of the
environment he’s worked in since
embarking on his career. As a recruiting partner within the firm, he plays
the part of mentor, telling the young
lawyers he comes in contact with that
“you become what’s around you.”
With DATA DIRECT service from The Daily News Online
you can receive court dockets directly to your Inbox
each business day. Use these mailing lists to reach out
to prospective clients and win new business.
DOCKETS AVAILABLE FOR:
• General Sessions
Criminal Court
• State Criminal Court
• Circuit Court (Weekly)
We also provide lists
of bankruptcy ﬁlings,
foreclosure notices,
FED warrants and
much more!
LISTS START AT JUST $20/MONTH!
Contact us today for more details or to subscribe
to service. Call 901152885273
or email [email protected]
www.memphisdailynews.com
November 8-14, 2013 25
»
happenings
The West Tennessee Home Builders Association will
hold the 2013 Fall Vesta Home Show Saturday, Nov. 9, to
Dec. 1 at the St. James Place development in Germantown.
General admission is $12. Visit vestahomeshow.com for
hours and parking information.
» Community
The Access to Justice Committee will host
a free Saturday legal clinic Saturday, Nov. 9,
from 10 a.m. to noon at the Benjamin L. Hooks
Central Library, 3030 Poplar Ave. Volunteer
attorneys provide free legal assistance on a
first-come, first-served basis. Visit memphisbar.org.
The University of Memphis will hold its 2013
homecoming Saturday, Nov. 9, starting with a
homecoming parade at 10:30 a.m. at Liberty
Bowl Memorial Stadium, 335 S. Cooper St.
The Memphis vs. UT Martin homecoming
game starts at 3:30 p.m. Visit memphis.edu
for a full list of activities.
The Democratic Women of Shelby County
will meet Saturday, Nov. 9, at noon at Piccadilly Cafeteria, 5272 Mt. Moriah View. Linda
Marks, interfaith relations officer for the Metropolitan Inter-Faith Association, will discuss
the Plus-1 Campaign and MIFA’s importance
to the community. Email veebanks8@yahoo.
com.
The Memphis chapter International Association of Administrative Professionals
will meet Monday, Nov. 11, at 6 p.m. at the
recycle continued from P19
“anything the city picks up for residents,”
Edwards says, including glass, paper, plastic, aluminum and cardboard, which is
then taken directly to recycling companies
such as ReCommunity Recycling, Memphis Recycling Services or Dixie Recycling
Co.
Business has grown at a pace she can
handle. With two contract employees, she
makes weekly or monthly visits to pick-up
locations where she says she’s gotten to
know the people who work there, people
she might not have met any other way
such as back-of-the-house restaurant
employees.
She considers it a perk of the job, as is
the flexibility of setting her own schedule.
She counts among her clients Charlie Vergos’ Rendezvous, Presbyterian Day School,
Tsunami, the Waterford Condominiums,
the Soulsville Charter School and Miss
kelley continued from P23
she said. “It was just a really compelling
story and, as a journalist, how could I not
want to be a part of some of this?”
Her plan was to help with a little of the
planning as they developed the best way to
get their story out and educate the public
on what they do. It worked out well, and
in January, the office was able to find a
permanent part-time position for her.
“I thought this would be something
good for me, for my family, but also I
thought it was a new way to help Memphis.”
Kelley spreads the word through the
Memphis Marriott East, 5795 Poplar Ave. Cost
is $22. RSCP to sharon.gardner@asentinel.
com or 752-6213.
The Urban Child Institute will open “The
Early Advantage,” its early childhood brain
development awareness exhibit, Tuesday, Nov.
12 at Memphis Pink Palace Museum, 3050
Central Ave. The exhibit will be on display
through mid-February 2014. Visit urbanchildinstitute.org.
The University of Memphis Center for Information Assurance and LBMC Security &
Risk Services will host seminars on changes
in HIPAA and PCI regulations Tuesday, Nov. 12,
from 11:30 a.m. to 4:30 p.m. at the University
of Memphis FedEx Institute of Technology,
365 Innovation Drive. RSVP to abarton@lbmc.
com.
CBIZ MHM Memphis office will host a CFO/
Controller conference Wednesday, Nov. 13,
from 8:30 a.m. to 1 p.m. in The University
of Memphis Fogelman Executive Center,
3675 Central Ave. Topics will include people
strategy, employer-provided health care and
the Affordable Care Act. Cost is $50. Visit
cbizmemphis.com.
Cordelia’s, which is an everyday pick-up.
McNeeley sings the praises of Edwards
and the operation she has built.
“Project Green Fork would have a hard
time existing if it weren’t for Madeleine
Edwards; she really is the unsung hero,”
McNeeley said. “She’s behind the scenes,
but her role in what we do and in the
sustainability effort in Memphis, it’s just
huge.”
For Edwards, recycling is just a “nobrainer” and something she did “before it
was cool” and before she filled its niche.
“I remember the dark years when
nobody around here was doing it, before
the city even did it and it was hard, much
more difficult,” Edwards said. “I just think
it’s one of the easiest, most impactful
things that people can do on a daily basis.
If people are recycling at home, why can’t
they do it at work, too, because that’s really
a larger portion of the waste stream is
from commercial businesses?”
media and the blog justcity.org. Shelby
County is one of the few offices in the
country seeking to educate the public with
such a platform. She points to San Francisco and the Bronx as others.
“There are a few that do a little bit, but
we actually are probably one of the leaders
in trying to get the word out about what
we’re doing on a local level.”
While there is good done as a college
professor, and she remains in close contact
with her students, watching them as they
rise through the university and into careers, there is the understanding that they
are “on the right track, they’re doing pretty
well already.”
Sales and Marketing Society of the MidSouth will meet Wednesday, Nov. 13, from
11:30 a.m. to 1 p.m. at The Racquet Club
of Memphis, 5111 Sanderlin Ave. Rebecca
Janes of FedEx’s global brand management
will present “The Power of the FedEx Brand:
Packaging … It’s not just a touch point, it’s
an experience.” Cost in advance is free for
members and $25 for nonmembers; cost at
the door is $30. Visit sms-midsouth.org.
Kiwanis Club of Memphis will meet Wednesday, Nov. 13, from noon to 1 p.m. at The
University Club of Memphis, 1346 Central Ave.
Electrolux plant manager George Robbins will
speak. Cost is $18 for nonmembers.
The Project Management Institute Memphis chapter will meet Wednesday, Nov.
13, at 6 p.m. at the DoubleTree Hotel, 5069
Sanderlin Ave. Greg Jackson, IT business
manager for commercial printing papers at
International Paper, will discuss implementing
a “bring your own device” IT solution. Cost is
$15 in advance or $20 at the door. Register at
pmimemphis.org.
The Greater Memphis Chamber will host
the 2013 HR Legal Summit Thursday, Nov.
14, from 7 a.m. to 11:30 a.m. at the Hilton
Memphis, 939 Ridge Lake Blvd. Topics include
social media, bullying and harassment, and
recruiting and hiring. Cost for members is
$55, or $90 to receive CLE credit; cost for
nonmembers is $65. Register at memphischamber.com or email [email protected].
Zounds Hearing will hold hearing screenings
and education Thursday, Nov. 14, from 9 a.m.
to 1 p.m. at Church Health Center Wellness,
1115 Union Ave. Cost is free. Visit churchhealthcenter.org.
National Hispanic Professional Organization-Memphis will meet Thursday, Nov.
14, from 11:30 a.m. to 1 p.m. at the Hilton
Memphis, 939 Ridge Lake Blvd. Sharon Ryan,
senior vice president and general counsel of
International Paper, will speak. Cost is free for
members and $20 for nonmembers. RSVP to
[email protected] or 466-6476.
» THE ARTS
Playhouse on the Square will host Curtain
Up: Carnival Noir on Friday, Nov. 8, from 7
p.m. to 11 p.m. at the theater, 66 S. Cooper
St. The fundraiser will include five differentthemed rooms of games, live music, food and
cocktails. Tickets, $75. Visit playhouseonthesquare.com.
Germantown Performing Arts Center will
host jazz singer Kathy Kosins as part of its
Jazz in the Box series Friday, Nov. 8, at 7 p.m.
and 8:30 p.m. at GPAC, 1801 Exeter Road. Buy
tickets at gpacweb.com.
The Buckman Performing Arts Center at
St. Mary’s School will present Flamenco Vivo
Carlota Santana Saturday, Nov. 9, at 8 p.m.
at Buckman, 60 Perkins Road Extended. Visit
buckmanartscenter.com.
UrbanArt Commission will host artist Christina Miller’s “Before I Die Memphis” community celebration Sunday, Nov. 10, from 2 p.m. to
4 p.m. at 1605 Monroe Ave. at Avalon Street.
The temporary public art project involves
chalkboards where individuals can fill in the
blank “Before I die I want to.” Visit urbanartcommission.org.
Germantown Performing Arts Center will
host the Shanghai Ballet, performing “Butterfly Lovers,” on Sunday, Nov. 10, at 3 p.m. at
GPAC, 1801 Exeter Road. Visit gpacweb.com.
Poplar Pike Playhouse will present Neil Simon’s “Fools” Thursday, Nov. 14, through Nov.
23 at the theater, 7653 Old Poplar Pike. Buy
tickets at ppp.org.
Emphasis Issues
What’s Coming Up
NOVEMBER 15
FINANCIAL SERVICES
NOVEMBER 29
HEALTH CARE
DECEMBER 6
DISTRIBUTION
&
LOGISTICS
DECEMBER 13
REGIONAL BUSINESS
For information about advertising in these upcoming issues,
contact your account executive or Advertising Director
Donna Waggener at 901-528-8122 or
[email protected]
26 November 8-14, 2013
Week of 10/28/13 - 11/3/13
crosswords
The Weekly
Crossword
Edited by Margie E. Burke
The Weekly Crossword
ACROSS
1 Pond scum
5 Flower part
9 Eagle's claw
14 Ring of light
15 Auction giant
16 Foil the Feds
17 Ham's handoff
18 Edible root
19 DEA invasions
20 1983 Streisand
film
22 Eminem's music
23 Central spot
24 Form 1040
figure, briefly
26 Like some
lawsuits
28 Rower's need
31 Fasten with
fetters
33 Trail the pack
36 Genealogy
diagram
38 Moriarty, to
Holmes
39 Mexican dish in
a cornhusk
41 Encourage
43 Leader of a
cause
44 Make beloved
45 Objective
46 White-tailed, eg.
47 Liotta of film
48 Resistance to
change
51 Mobile to
Dayton dir.
52 In the air
53 Zero
55 Street talk
58 In shape
60 Finger or toe
64 Line often seen
at wedding
receptions
65 Canyon sound
67 Point on a curve
68 Group of eight
69 Dressed
70 Hazzard deputy
71 Period of time
72 Take care of
1
2
3
by Margie E. Burke
4
5
6
7
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9
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13
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48
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53
58
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70
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67
Copyright 2013 by The Puzzle Syndicate
73 Music character
37 Poetic adverb
40 70's satirical
magazine
42 Parking lot party
43 Mine excavation
45 Ezine item
49 Cause follower?
50 Helping hand
52 Any of Charlie's
girls
54
55
56
57
59
61
62
63
66
Cruise ship, e.g.
Flat-bottom boat
Scottish lake
One opposed
Larger ___ life
Departed
Altar words
SAT or GMAT
Simon's couple
DOWN
1 Nautical cry
2 Wash
3 Hidden valley
4 Largest artery
5 Become solid
6 Ski lift
7 Aural ailment
8 Nearsightedness
9 Airport building
10 Be of service to
Answer to Last Week's Crossword
11 ____ to rest
F I S T
R A J A
C O
12 Chances of
C O L I C
A P
I D E A
winning
R U M B A
T A
T E R M
13 Bird's bed
S E A L E G S
C H A L
21 Bigger than a
L E A H
T I E R
med.
A B S E N T
C H A R A D
25 Huge blaze
S O L A R
S C R
L A C
27 B12, eg.
R E N E W
T I
B L O C
28 Additional
D
O
W
R
Y
L
U
S
U
A
L
29 Concert venue
Week of 10/28/13
E A G L
M A R -R11/3/13
I A G E
30 Rough-andD A V E
M A R L
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A
D
M
I
R
E
L
E T D O W
32 Swindle
H
A
A
G
S
L
A
S
H
B E
33 Burdened
T E R S E
A R
A L M A
34 E.T., eg.
A N D Y
L E
35 Pop or country B E A N
Sudoku
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Difficulty : Medium
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Copyright 2013 by The Puzzle Syndicate
I
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F
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W
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HOW
TOTOSOLVE:

HOW
PLAY

Each row must contain the

numbers 1 to 9; each column
must contain the numbers 1

to 9; and each set of 3 by 3

boxes must contain the

numbers 1 to 9.

Answer to Last Week's Sudoku
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Friday at 7:00pm WKNO
Friday at 7:30pm WKNO2
Sunday at 8:30am WKNO
November8 8-14,
2013 2277
November
- 14, 2013
public notices
Foreclosure Notices
Fayette County
NOTICE OF TRUSTEE’S SALE
WHEREAS, default has occurred in the
performance of the covenants, terms,
and conditions of a Deed of Trust Note
dated March 21, 2003, and the Deed of
Trust of even date securing the same,
recorded March 24, 2003, at Book
D662, Page 82 in Office of the Register
of Deeds for Fayette County, Tennessee,
executed by Freddie Norment and Marie
Norment, conveying certain property
therein described to Arnold M. Weiss,
Esq. as Trustee for Wells Fargo Home
Mortgage, Inc.; and the undersigned,
Wilson & Associates, P.L.L.C., having
been appointed Successor Trustee.
NOW, THEREFORE, notice is hereby
given that the entire indebtedness has
been declared due and payable; and
that an agent of Wilson & Associates,
P.L.L.C., as Successor Trustee, by
virtue of the power, duty, and authority
vested in and imposed upon said Successor Trustee will, on November 25,
2013 on or about 10:00 A.M., at the
Fayette County Courthouse, Somer‑
ville, Tennessee, offer for sale certain
property hereinafter described to the
highest bidder FOR certified funds paid
at the conclusion of the sale, or credit
bid from a bank or other lending entity
pre-approved by the successor trustee.
The sale is free from all exemptions,
which are expressly waived in the Deed
of Trust, said property being real estate
situated in Fayette County, Tennessee,
and being more particularly described
as follows:
Described real estate situated in the
1st Civil District of Fayette County,
Tennessee, to wit:
Beginning at a stake on fence in
center of old Southern Railroad bed,
this point being South 70 degrees
East 82 feet from the Northeast cor‑
ner of a 4 acre tract owned by Ellis
Bolden, from said point of beginning
North 70 degrees West 210 feet to
a stake on fence and in North line of
said Ellis Bolden tract; thence North
23 degrees East 210 feet to a stake,
an internal corner of remainder of land
owned by Robert Murphy; thence
South 70 degrees East 210 feet to
a stake on fence and in East line of
original Robert Murphy tract; thence
South 24 degrees West, along fence
and centerline of said old Southern
Railroad bed, 210 feet to the begin‑
ning containing 1.0 acre.
Also conveyed herein is the following
described easement:
Beginning at a stake on fence and in
center of old Southern Railway bed,
(now abandoned) this point being
North 24 degrees East 20 feet from
the Southeast corner of a 1 acre lot
being conveyed to Jim Pugh by Robert
Murphy, from said point of beginning
South 66 degrees East 20 feet to
a stake; thence South 24 degrees
West, parallel to center of old Railroad
bed, 192 feet to the North margin
of the Somerville and Macon Road;
thence South 52 degrees 15 minutes
West, along the North margin of said
Road 40 feet to a stake at intersec‑
tion of center line of old Railroad bed;
thence North 24 degrees East, along
center line of old Railroad bed and
East line of Mewborn lot, 230 feet
to the beginning.
ALSO KNOWN AS: 7405 Herman Way,
Somerville, Tennessee 38068
This sale is subject to all matters
shown on any applicable recorded plat;
any unpaid taxes; any restrictive covenants, easements, or setback lines
that may be applicable; any statutory
rights of redemption of any governmental
agency, state or federal; any prior liens
or encumbrances as well as any priority
created by a fixture filing; and to any
matter that an accurate survey of the
premises might disclose. In addition, the
following parties may claim an interest in
the above-referenced property: Freddie
Norment; Marie Norment; Tennessee
Department of Revenue; Ford Motor
Credit Company
The sale held pursuant to this Notice
may be rescinded at the Successor
Trustee’s option at any time. The right
is reserved to adjourn the day of the
sale to another day, time, and place
certain without further publication, upon
announcement at the time and place
for the sale set forth above. W&A No.
1286‑239735
DATED October 16, 2013
WILSON & ASSOCIATES, P.L.L.C.,
Successor Trustee
FOR SALE INFORMATION, VISIT WWW.
MYFIR.COM and WWW.REALTYTRAC.
COM
Oct. 25, Nov. 1, 8, 2013 Fin11642
SUBSTITUTE TRUSTEE’S SALE
WHEREAS, default having been made in
the payment of the debts and obligations
secured by a Deed of Trust executed
on March 3, 2006, by CHARLES E.
CRENSHAW & GLEANDA D. CRENSHAW,
HUSBAND AND WIFE to Closetrak Title
and Escrow Services, Trustee, for the
benefit of Mortgage Electronic Registration Systems, Inc., solely as nominee
for First Horizon Home Loan Corporation
D/B/A First Tennessee Home Loans
and appearing of record in Register’s
Office of Fayette County, Tennessee,
in Instrument No. 06002204; and
WHEREAS, the beneficial interest of said
Deed of Trust was last transferred and
assigned to Federal National Mortgage
Association (“FNMA”) and WHEREAS,
Federal National Mortgage Association
(“FNMA”), as the holder of the Note for
which debt is owed, (“Note Holder”),
appointed the undersigned, Priority
Trustee Services of TN, LLC, as Substitute Trustee by Instrument filed or to be
filed for record in the Register’s Office
of Fayette County, Tennessee, with all
the rights, powers and privileges of the
original Trustee named in said Deed of
Trust; and WHEREAS, pursuant to Tenn.
Code Ann. § 35-5-117, not less than sixty
(60) days prior to the first publication
required by § 35-5-101, the notice of
the right to foreclose was properly sent,
if so required; and NOW, THEREFORE,
notice is hereby given that the entire
indebtedness has been declared due
and payable as provided in said Deed
of Trust by the Note Holder, and that the
undersigned, Priority Trustee Services
of TN, LLC, Substitute Trustee, or its
duly appointed attorneys or agents, by
virtue of the power and authority vested
in it, will on Thursday, November 21,
2013, commencing at 11:00 AM At the
Fayette County Courthouse, proceed
to sell at public outcry to the highest
and best bidder for cash, the following
described property situated in Fayette
County, Tennessee, to wit: Lot 3, Shelton
Subdivision, as shown on plat of record in
Plat Book 5, Page 124, in the Register’s
Office of Fayette County, Tennessee, to
which plat reference is hereby made for
a more particular description of said
property. Being all or part of the same
property conveyed to Grantor(s) herein
as shown in Warranty Deed of record in
Plat Book 417 Page 18 in said Register’s
Office. Parcel Number: 05-043-0024-.05
PROPERTY ADDRESS: 21095 HIGHWAY
194, SOMERVILLE, TN 38068, CURRENT
OWNER(S): Charles E. Crenshaw &
Gleanda D. Crenshaw The sale of the
above-described property shall be subject to all matters shown on any recorded
plan; any unpaid taxes; any restrictive
covenants, easements or set-back lines
that may be applicable; any prior liens
created by a fixture filing; and any matter
that an accurate survey of the premises
might disclose. Substitute Trustee will
only convey any interest he/she may
have in the property at the time of sale.
Property is sold “as is, where is.” For
every lien or claim of lien of the state
identified above, please be advised
notice required by § 67-1-1433 (b)(1)
was timely given and that any sale of the
property herein referenced will be subject
to the right of the state to redeem the
land as provided for in § 67-1-1433(c)
(1). All right and equity of redemption,
statutory or otherwise, homestead, and
dower are expressly waived in said Deed
of Trust, and the title is believed to be
good, but the undersigned will sell and
convey only as Substitute Trustee. The
right is reserved to adjourn the day of
the sale to another day, time, and place
announcement at the time and place for
the sale set forth above. Priority Trustee
Services of TN, LLC 1587 Northeast
Expressway Atlanta, GA 30329 404417-4040 File No.: 83324 Web Site:
www.rcolegal.com TS#: 83324
FEI # 1008.246946
Nov. 1, 8, 15, 2013
Fin11652
Foreclosure Notices
Madison County
dated May 20, 1999, and the Deed of
recorded June 3, 1999, at Book T1191,
Page 133 in Office of the Register of
Deeds for Madison County, Tennessee,
executed by Phyllis Bledsoe and Sean
Bledsoe, conveying certain property
therein described to Barney L. Mathews
as Trustee for American National Mortgage, Inc.; and the undersigned, Wilson
& Associates, P.L.L.C., having been
appointed Successor Trustee.
Madison County Courthouse, Jack‑
son, Tennessee, offer for sale certain
situated in Madison County, Tennessee,
as follows:
Beginning at the Northwest corner of
Lot conveyed by Mrs. Julia Blackert
to T.O. Martin, runs thence North
with the East line of a lot formerly
belonging to Q. Ingram, Later T.A. Hill,
100 feet to Hale Street; thence East
with the South margin of Hale Street
50 feet more or less to lot occupied
by Arthur West; thence South with
the West line of this lot 100 feet to
the North line of the T.O. Martin lot;
thence 50 feet, more or less to the
beginning.
ALSO KNOWN AS: 352 Hale Street,
Jackson, Tennessee 38301‑5350
following parties may claim an interest
in the above-referenced property: Phyl‑
lis Bledsoe; Sean Bledsoe; CACV of
Colorado
1286‑239840
Successor Trustee
COM
Oct. 25, Nov. 1, 8, 2013 Fin11643
dated September 27, 2006, and the
Deed of Trust of even date securing the
same, recorded October 5, 2006, at
Book T1775, Page 1121 in Office of the
Register of Deeds for Madison County,
Tennessee, executed by Kimberly L.
Butler, conveying certain property therein
described to Holmes, Rich & Sigler, PC
as Trustee for Castle Mortgage (MERS
as nominee for); and the undersigned,
as follows:
Beginning at a point in the center of
the Mason Road, said point also being
Mrs. Nina Thompson’s Northwest cor‑
ner and runs thence South 4 degrees
East with Nina Thompson’s West line
255 feet to a stake; thence South 86
degrees West 318 feet to a stake;
thence North 3 degrees East 266 feet
to a point in the center of the Mason
Road; thence North 89 degrees East
289 feet with the center of said Ma‑
son Road to the point of beginning,
and contains 1.62 acres, excluding
Mason Road right of way.
ALSO KNOWN AS: 174 Mason Road,
Humboldt, Tennessee 38343
Related Info
Also read our daily edition, The Daily
News, in print or online every business
day for public notices for Memphis &
Shelby County.
Go to www.memphisdailynews.com or
call 683.NEWS for more information.
the above-referenced property: Kimberly
L. Butler; GE Money Bank for Lowe’s
Consumer; Shoreline Funding II, LLC
931‑198859
Successor Trustee
COM
Oct. 25, Nov. 1, 8, 2013 Fin11644
dated February 28, 2007, and the Deed
of Trust of even date securing the same,
recorded March 5, 2007, at Book T1791,
executed by Stephen Donahue and
Wenderlin Donahue, conveying certain
property therein described to Teel,
McCormack & Maroney as Trustee for
Mortgage Electronic Registration Systems, Inc., as nominee for Ameritrust
Mortgage Company, its successors and
assigns; and the undersigned, Wilson
& Associates, P.L.L.C., having been
appointed Successor Trustee.
Continued on Page 28
• Sales Comparables
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Call 458-6419 or go to
www.chandlerreports.com
28 November 8
- 14,2013
2013
8-14,
public notices
Foreclosure Notices
Continued from Page 27
P.L.L.C., as Successor Trustee, by virtue
of the power, duty, and authority vested
in and imposed upon said Successor
Trustee will, on December 5, 2013 on
or about 11:00 A.M., at the Madison
County Courthouse, Jackson, Ten‑
nessee, offer for sale certain property
hereinafter described to the highest
bidder FOR certified funds paid at the
conclusion of the sale, or credit bid
from a bank or other lending entity preapproved by the successor trustee. The
sale is free from all exemptions, which
are expressly waived in the Deed of
Trust, said property being real estate
as follows:
Beginning at an iron pin on the East
margin of Currie Avenue at the North‑
west corner of Lot 198, Section XI,
Briarcliff Subdivision as recorded in
Plat Book 3, Page 53 in the Register’s
Office of Madison County, Tennes‑
see; thence with the East margin
of Currie Avenue following a curve
(Radius of 435.28 feet) to the left
a distance of 56 feet to an iron pin
at the Southwest corner of Lot 196;
thence with the South line of Lot 196
South 87 degrees 54 minutes East
a distance of 82 feet to an iron pin
at the Southwest corner of Lot 195;
thence with the South line of Lot
195 South 68 degrees 39 minutes
East a distance of 63.55 feet to an
iron pin; thence South 2 degrees 06
minutes West a distance of 55 feet
to an iron pin at the Northeast corner
of Lot 198; thence with the North
line of Lot 198 North 80 degrees 38
minutes West a distance of 149 feet
to the point of beginning. Being Lot
197, Section XI, Briarcliff Subdivision
platted as aforesaid.
ALSO KNOWN AS: 14 Currie Avenue,
Jackson, Tennessee 38301
the above-referenced property: Stephen
Donahue; Wenderlin Donahue; Madison
Currie Trust, J.E. May as Trustee; City
of Jackson ‑ Building and Codes Depart‑
ment; Madison Currie Trust, J.E. May
as Trustee
700‑222019
Successor Trustee
COM
Nov. 1, 8, 15, 2013
Fin11647
dated June 26, 1996, and the Deed of
recorded July 2, 1996, at Book T1045,
executed by Pamela L. Moore and Bradley V. Moore, conveying certain property
therein described to James B. Webb as
Trustee for Norwest Mortgage, Inc.; and
the undersigned, Wilson & Associates,
The Memphis New
Call 683-NEWS
P.L.L.C., having been appointed Successor Trustee.
virtue of the power, duty, and authority vested in and imposed upon said
Successor Trustee will, on January 9,
as follows:
Described property in the Fifth Ward in
the City of Jackson, Madison County,
Tennessee beginning at a point in the
East margin of Breezewood Cove, said
point being the Northwest corner of
Lot No. 3, Section XIII, Old Hickory
Estates, a plat of which appears of
record in Plat Book 4, at Page 78,
in the Register’s Office of Madison
County, Tennessee; runs thence
North 25 degrees 51 minutes West
with the East margin of Breezewood
cove a distance of 60 feet to a point,
said point being the Southwest corner
Lot No. 1; runs thence 64 degrees 09
minutes East with the South margin
of Lot No. 1, a distance of 135 feet
to a point, runs thence South 25
degrees 51 minutes East a distance
of 60 feet to a point, said point being
the Northeast corner of Lot. 3; runs
thence South 64 degrees 09 minutes
West with the North margin of Lot
No. 3, a distance of 135 feet to the
point of beginning, being Lot No. 2,
Section XIII, Old Hickory Estates,
platted as aforesaid.
ALSO KNOWN AS: 10 Breezewood
Cove, Jackson, Tennessee 38305
the above-referenced property: Pamela
L. Moore; Bradley V. Moore; Secretary
of Housing & Urban Development
1286‑33546
Successor Trustee
COM
Nov. 8, 15, 22, 2013
Fin11655
Foreclosure Notices
Shelby County
SUBSTITUTE TRUSTEE’S SALE
Sale at public auction will be on
December 12, 2013 at 11:00 am local
time, at the southwest door, the Adams
Avenue entrance of the Shelby County
Courthouse, Memphis, Tennessee,
conducted by Shapiro & Kirsch, LLP
Substitute Trustee, pursuant to Deed
of Trust executed by Carlos R. Dease
and Susan Dease, his wife, to H. Ray
Beliles, Trustee, on January 17, 2001 at
Instrument No. KU9163; all of record in
the Shelby County Register’s Office.
Party entitled to enforce security interest: PNC Bank, National Association,
its successors and assigns
The following real estate located in
Shelby County, Tennessee, will be sold
to the highest call bidder subject to all
unpaid taxes, prior liens and encumbrances of record:
Lot 157, PHASE 6, DIAMOND ESTATES
Subdivision, as shown on plat of record
in Plat Book 185, Page 46, in the
Register’s Office of Shelby County,
Tennessee, reference to which plat
is hereby made for a more particular
description of said property.
Street Address: 773 Sunstone Avenue,
Memphis, Tennessee 38109
Parcel Number: 075259 H00023
Current Owner(s) of Property: Carlos R.
Dease and Susan Dease, his wife
Other interested parties: Gemstones
Community Homeowners Association,
Inc. c/o William E. Miller & Associates,
Gemstones Community Homeowners’
Association, Inc., Capital One Bank
c/o John E. Buffaloe, Attorney and
CitiBank c/o Law Office of Fisiwe
Desiree Kies
The street address of the above
described property is believed to be
773 Sunstone Avenue, Memphis, Tennessee 38109, but such address is
not part of the legal description of the
property sold herein and in the event of
any discrepancy, the legal description
referenced herein shall control.
SALE IS SUBJECT TO TENANT(S)
RIGHTS IN POSSESSION.
All right of equity of redemption,
statutory and otherwise, and homestead
are expressly waived in said Deed of
Trust, and the title is believed to be
good, but the undersigned will sell and
convey only as Substitute Trustee.
If you purchase a property at the
foreclosure sale, the entire purchase
price is due and payable at the con‑
clusion of the auction in the form of
a certified/bank check. No personal
checks will be accepted. To this end,
you must bring sufficient funds to out‑
bid the lender and any other bidders.
Insufficient funds will not be accepted.
Amounts received in excess of the
winning bid will be refunded to the
successful purchaser at the time the
foreclosure deed is delivered.
This property is being sold with the
express reservation that the sale is
subject to confirmation by the lender
or trustee. This sale may be rescinded
at any time.
Shapiro & Kirsch, LLP Substitute
Trustee
www.kirschattorneys.com
Law Office of Shapiro & Kirsch, LLP
555 Perkins Road Extended,
Second Floor
Memphis, TN 38117
Phone (901)767-5566
Fax (901)761-5690
File No. 13-053246
Nov. 2, 9, 16, 2013
Fin11651
Foreclosure Notices
Tipton County
dated October 29, 2004, and the Deed
of Trust of even date securing the same,
recorded November 9, 2004, at Book
1172, Page 652 and re-recorded on
February 10, 2005, at Book 1187, Page
698 in Office of the Register of Deeds
for Tipton County, Tennessee, executed
by Sonya Emerson, conveying certain
property therein described to Charles
M. Ennis as Trustee for Patriot Bank;
and the undersigned, Wilson & Associates, P.L.L.C., having been appointed
Successor Trustee.
Trustee will, on November 20, 2013
on or about 10:00 A.M., at the Tipton
County Courthouse, Covington, Ten‑
situated in Tipton County, Tennessee,
as follows:
Lot 71, McLister Place Subdivision,
as shown on plat of record in Plat
Cabinet G, Slide 72 in the Register’s
Office of Tipton County, Tennessee to
which plat reference is hereby made
for a more particular description of
said property.
ALSO KNOWN AS: 435 Regency Drive,
Brighton, Tennessee 38011
in the above-referenced property: Sonya
Emerson; Tennessee Housing Develop‑
ment Agency
700‑236188
Successor Trustee
COM
Oct. 25, Nov. 1, 8, 2013 Fin11641
dated August 7, 2009, and the Deed of
recorded August 13, 2009, at Book
1448, Page 707 in Office of the Register
of Deeds for Tipton County, Tennessee,
executed by Danny Muex and Marilyn
Muex, conveying certain property therein
described to Monte Connell as Trustee
for Mortgage Electronic Registration
Systems, Inc., as nominee for American
Mortgage Services, Inc., its successors
and assigns; and the undersigned,
Trustee will, on December 11, 2013
as follows:
Lot 88, Templeton Farms Subdivision,
Section C, as shown in plat of record
in Plat Cabinet H, Slide 358, in the
Register’s Office of Tipton County,
Tennessee, to which plat reference
is hereby made for a more particular
description of said property.
ALSO KNOWN AS: 87 Webster Cove,
Atoka, Tennessee 38004
in the above-referenced property: Danny
Muex; Marilyn Muex
931‑239595
Successor Trustee
COM
Oct. 25, Nov. 1, 8, 2013 Fin11645
dated December 19, 2008, and the
Deed of Trust of even date securing the
same, recorded December 30, 2008, at
Book 1421, Page 386 in Office of the
Register of Deeds for Tipton County,
Tennessee, executed by George David
Walk, III, conveying certain property
therein described to Monte Connell as
Trustee for American Mortgage Service,
Inc.; and the undersigned, Wilson &
Associates, P.L.L.C., having been appointed Successor Trustee.
as follows:
Land situated in Tipton County, Ten‑
nessee:
Lot 5, Harris Subdivision, as shown
on Plat of record in Deed Book 56,
Page 403, in the Register’s Office
of Tipton County, Tennessee, and
being more particularly described
as follows:
Beginning at a point in the East right
of way line of Maple Street (having a
60.0 foot right of way) in the Town
of Covington, Tennessee, said point
being the Northwest corner of Lot 5
belonging to L.D. Elliston also being
the Southwest corner of Lot 7 be‑
longing to R.L Petty, from said point
Northwestwardly along the North line
of Lot 5, also being the South line of
Lot, North 89 degrees 35 minutes 49
seconds East, 225.27 feet to a fence
post being the Northeast corner of Lot
5, also being the Southeast corner of
Lot 7; thence Southeastwardly along
the East line of Lot 5, also being the
West line of North Tipton Street (hav‑
ing a 30.0 foot right of way), South
01 degrees 12 minutes 08 seconds
East, 73.33 feet to an iron pin being
in the Southeast corner of Lot 5, also
being the Northeast corner of Lot
3 of the Harris Subdivision; thence
Southeastwardly along the South line
of Lot 5, also being the North line of
Lot 3, North 89 degrees 35 minutes
49 seconds West, 225.27 feet to
an iron pin being in the East right of
way line of North Maple Street, also
being the Southwest corner of Lot 5
and the Northwest corner of Lot 3;
thence Northwestwardly along the
East right of way line of North Maple
Street, also being the West line of
Lot 5, North 01 degrees 12 minutes
08 seconds West, 73.3 feet to the
point of beginning.
ALSO KNOWN AS: 414 North Ma‑
ple Street, Covington, Tennessee
38019
November
- 14, 2013 229
9
November88-14,
public notices
the above-referenced property: George
David Walk, III
700‑240116
Successor Trustee
COM
Nov. 1, 8, 15, 2013
Fin11649
recorded June 19, 2012, at Book 1554,
Deeds for Tipton County, Tennessee,
executed by Donielle Dennis, conveying
certain property therein described to
Charles M. Ennis as Trustee for Mortgage
Electronic Registration Systems, Inc. as
nominee for Patriot Bank, its successors and assigns; and the undersigned,
as follows:
Being Lot No. 32 of Territown un‑
recorded Subdivision and thus de‑
scribed: Beginning at an iron stake
the Northeast corner of lot described,
said stake being South 89.25 degrees
West 351.5 feet South 01.5 degrees
East 60 feet from the Northeast
corner of the Jon Strong 15.77 acre
tract of which this survey is a part,
said stake being the Northwest cor‑
ner of Lot No. 30 and in the South
line of Dawn Drive, a 60 foot street;
thence with the West line of Lot No.
30 South 01.5 degrees East 134
feet to an iron stake, the Northwest
corner of Lot No. 28 and the Northeast
corner of Lot No. 33; thence with the
North line of Lot No. 33, South 89.25
degrees West 151.5 feet to an iron
stake, the Northwest corner of Lot
No. 33 and in the East line of a 50
foot street; thence with the East line
of said street, North 01.5 degrees
West 134 feet to an iron stake the
Northwest corner of Lot described,
and in the South line of Dawn Drive;
thence with the South line of Dawn
Drive North 89.25 degrees East 151.5
feet to the beginning.
ALSO KNOWN AS: 195 Dawn Lane,
Brighton, Tennessee 38011
any unpaid taxes; any restrictive cov-
enants, easements, or setback lines
the above-referenced property: Donielle
Dennis
1286‑239988
Successor Trustee
COM
Nov. 1, 8, 15, 2013
Fin11650
recorded June 15, 2011, at Book 1516,
Deeds for Tipton County, Tennessee,
executed by Samuel Wesley Ashcraft
and James M. Ashcraft, conveying
certain property therein described to
Glenn Balletto as Trustee for Mortgage
Electronic Registration Systems, Inc., as
nominee for Mortgage Investors Corporation, its successors and assigns; and
the undersigned, Wilson & Associates,
P.L.L.C., having been appointed Successor Trustee.
Trustee will, on December 11, 2013
as follows:
Description of Lot 6 of Reed Subdivi‑
sion and being a part of the Guy Reed
property as recorded in Deed Book
548, Page 394 Tract No. 2, said
property being located on the West
side of Reed Lake Road and situated in
the 6th Civil District of Tipton County,
Tennessee, being more particularly
described as follows:
Beginning at a found iron pipe be‑
ing the Northeast corner of Lot 6 of
Reed Subdivision and being a part of
the Guy Reed property as recorded
in Deed Book 548 Page 394, Tract
No 2, said iron being located on the
West row of Reed Lake Road having
a total row of 60 feet; thence in a
Southwestwardly direction, along
the East line of Lot 6 and said row
line, South 02 degrees 00 minutes 00
seconds West, a called and measured
distance of 198.00 feet to a set iron
post being the Southeast corner of Lot
6 and the Northeast corner of Lot 5
of Reed Subdivision and being a part
of the Guy Reed property as recorded
in Deed Book 548, Page 394, Tract
No. 1; thence in a Northwestwardly
direction, along the South line of Lot
6 and the North line of Lot 5, North
86 degrees 40 minutes 00 seconds
West, a called and measured dis‑
tance of 220.00 feet to a set iron
being the Southwest corner of Lot
6, the Northwest Corner of Lot 5,
also being in an East line of Lot 302
of Reed Subdivision, as recorded in
Plat Book 2, Page 57A; thence in a
Northeastwardly direction along the
West line of Lot 6 and the East line
of Lot 302 and Lot 303, North 02
degrees 00 minutes 00 seconds East,
a called and measured distance of
198.00 feet to a set iron post being
Northwest corner of Lot 6; thence in
Southeastwardly direction, along the
North line of Lot 6 South 86 degrees
40 minutes 00 seconds East, a called
and measured distance of 220.00 feet
to the point of beginning and contain‑
ing 1.00 acres more or less.
ALSO KNOWN AS: 1092 and 1094
Reed Circle, Drummonds, Tennes‑
see 38023
the above-referenced property: Samuel
Wesley Ashcraft; James M. Ashcraft;
Estate of Samuel Wesley Ashcraft;
Heir(s) of Samuel Wesley Ashcraft, if
any
902‑236907
Successor Trustee
COM
Nov. 8, 15, 22, 2013
Fin11654
30 November 8-14, 2013
opinion
Education Must Adapt
To New Workplace
A
dd another piece to
the realigned demographic puzzle of
those on college campuses these days.
The college students
who are already older than the immediate post-high school years include
students who are coming as part of
training in their full-time jobs. Their
goal isn’t a four-year degree and they
aren’t taking the courses that go toward
such degrees.
Their companies are sending them
to college campuses like Southwest
Tennessee Community College for
job training over a matter of weeks
the company itself has had a hand in
designing.
Community colleges are the first
into the breach on what is expected to
be a large number of manufacturing
jobs coming to the Memphis economic
sector in the next four to five years.
But the colleges and universities
we identify now with four-year degrees
and graduate programs are also seeking
out a share of what is a basic route to a
training certificate or associate degree
that means an immediate promotion
or step up in the workplace or a job as a
direct result of that training.
The route is as direct as it is swift. It
does not include the required courses
that have historically been considered
necessary to make for a well-rounded
student no matter what course of study
they choose to major in.
Questions about the more direct
route to associate degrees and other
short term job training certification
Social Media: Best of the Rest
are certain to add fuel to the debate
about how “well rounded” the path to
a four-year degree should be and the
relevance of courses with no direct connection to a major.
We believe higher education in
Tennessee must be big enough to add
the workforce training that the technology in our resurgent manufacturing
sector now requires but also keep the
elements that help students decide for
themselves the places that a broader
education can take them.
Many of the students attending
Southwest Tennessee and other community colleges are there in pursuit of
courses they can take for less or at times
not available on other campuses as they
work toward a bachelor’s degree.
Similarly, students at the University
of Memphis are part of what is likely
to become the largest software testing
organization in the country with direct
ties to the businesses seeking advances
in the software crucial to what they do.
As students learn through a mix of
online, digital and classroom experiences, there is one element that will
remain – the uncertainty of career plans
and majors that can change positively
with exposure to a world beyond a path
set before the walk across the stage for a
high school diploma.
Making that uncertainty a positive
thing doesn’t mean there isn’t room for
those who want a direct and rapid path
to technical knowledge. It should mean
elements beyond that path are available to all should their quest move to
something else that catches their eye
and their soul.
making it the most male-oriented of
the major social networks.
Instagram – While still a relaWith more than 200 major, actively young company, photo-shartive social media networks cited by
ing site Instagram boasts over 150
Wikipedia, it’s easy to get overmillion active users. Over 90 perwhelmed with all of the choices
cent of users are under the age
available. Given the considerLori turner- of 35, making it an ideal platform
able amount of time that busiwilson for clothing and entertainment
guerrilla sales brands, for example, targeting 18
nesses are investing in social
and marketing
media marketing, it’s vital to
to 34 year olds. Nearly 70 percent
focus those efforts on the right networks
of Instagram’s users are female.
versus every network.
Pinterest – Most users access PinterBy first determining your social media
est via a tablet or other mobile device. In
goals and who you’re targeting, you can
fact, Pinterest users make up 48 percent
then identify the social media networks
of all social media sharing on iPads – more
where your target market and industry
than double runner-up Facebook, according
influencers are spending their time. Last
to Business Insider. What are they sharing?
week’s column outlined the average user
Food and drink-related content accounts
profiles for three well-known industry gifor 18 percent of all items shared. Over 80
ants – Facebook, Twitter and LinkedIn – but
percent of Pinterest users are female, the
there are certainly additional contenders to
majority of whom earn a household income
consider. More about the best of the rest:
of $50,000 or more. Retailers are given
YouTube – Think of YouTube as the
a particular advantage, in that Pinterest
second largest search engine in the world,
has an e-commerce element to it, allowing
rivaled only by Google, that happens to
users to “pin” items they’d like to buy and
have social features as well. More than 1 bilclick through to those websites to make a
lion unique users visit YouTube each month, purchase if they are so inclined.
40 to 50 percent of which are under the
The social media options are endless, so
age of 35. According to Nielsen, YouTube
ensure that you’re making the most of your
reaches more U.S. adults ages 18-34 than
time investment by choosing the platform
any cable network. The gender split is
that best fits your business and attracts
nearly even, with females making up 53
your target demographic.
percent of users.
Google+ – Perhaps the greatest benefit
Lori Turner-Wilson is an awardto this social network is that it’s owned by
winning columnist and CEO/Founder of
Google, and therefore easily searchable,
RedRover, a sales training and marketing
which means your posting efforts can
firm based in Memphis, Tennessee, www.
improve your company’s search results.
redrovercompany.com. You can follow ReQuickly gaining ground on Twitter, Google+
dRover on Twitter (@redrovercompany and
has roughly 350 million active users.
@loriturner) and Facebook (facebook.com/
Seventy percent of those users are male,
redrovercompany).
Editor’s Note: This is the second in a
two-part series.
This Memphis Success Story a True Sight
MEMPHASIS
dan conaway
IT’S ALL IN THE WAY YOU LOOK AT IT.
In this town, this should play.
They teach music in there, but
more, they teach purpose and meaning
in music. Music as more than sound,
but as expression of the soul. Music as
more than notes, but as evidence of
who we are and what we believe, of what
we’re capable of and what moves us.
Sometimes a celebration, sometimes a
lament, sometimes both, but always a
reminder that we share our destinies.
Sounds like Memphis itself.
The building that houses it began
as a bank – dependable, predictable,
practical, pragmatic – but it didn’t look
like that from the very beginning. It was
different – strange, even wild looking,
even disturbing in the way it challenged
acceptable norms, in the way that new
excites and frightens.
Sounds like the sounds we were the
first in the world to make, and nothing in
the world should keep us from making
more.
The name of it is Visible Music College – an original, even weird name, for a
creative, even inspirational place. It’s in
what was originally the C&I Bank Building, Francis Gassner’s 1974 wonderful
wedge of light, glass, stone and steel. It
was recognized in 1979 by the Museum
of Modern Art as one of 400 buildings
that “have had a significant influence in
the recent directions of architecture,”
and in 2000 by the Memphis Chapter of
the American Institute of Architects as
the Design of the Decade (1971-1980).
Yet, it would remain empty for years and
years and eventually be acquired by the
Greater Memphis Chamber who almost
turned it into a parking lot.
Regrettably, that sounds like Memphis, too.
The Visible Music College is a
Christian artist community of 130 or
so students in an intensive three-year
bachelor degree program that “includes
a core of Bible, Theology, and Ministry
courses that teach students to glorify
God in the integrity of their thoughts
(orthodoxy), emotions (orthopathy),
and actions (orthopraxy).” That alliterative, musical model has already been
successful enough to spin off another
campus in Chicago, and a total of 20
campuses are planned by 2020 … what
college president, Ken Steorts, calls a
“20/20 Vision.”
Perhaps 17th century English poet
and theologian, Thomas Traherne, can
give us meaning for the visible in the
name, “This visible world is wonderfully to be delighted in, and highly to
be esteemed, because it is the theatre
of God’s righteous Kingdom.” Or 20th
century theologian, Dietrich Bonhoeffer,
“It is by the grace of God that a congregation is permitted to gather visibly
in this world to share God’s Word and
sacrament.”
Or maybe 19th century Irish writer
and world-class smartass, Oscar Wilde,
fits your view, “The true mystery of the
world is the visible, not the invisible.”
It’s not necessary that you believe in
what they’re doing in that building to believe this: what they’re doing in there, like
the building itself, is creative, artistic, a
bit mysterious, and original to Memphis.
I’m a Memphian, and we could all
stand to see a lot more of that.
Dan Conaway is a lifelong Memphian, longtime adman and aspiring
local character in a city known for them.
Reach him at dan@wakesomebodyup.
com.
November 8-14, 2013 31
32 November 8-14, 2013

`Got to do somethinG` square comes full circle

Transcription

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