May 17-23, 2013, Vol. 6, Issue 21 11 Health Care 28 Logistics A recent study The Memphis- placed Memphis Shelby County No. 3 on the Authority list of the most passed a $127.3 challenging places in the U.S. to live million budget in with asthma. that slightly lowers landing fees even after Delta reduced Memphis enticing FBI to move downtown: flights here. Shelby • Fayette • Tipton • Madison Leaders, including U.S. Rep. Steve Cohen, are trying to lure the FBI. Page 14

UNDER THE MICROSCOPE Drug discount program used by local hospitals facing scrutiny // PAGE 18

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16 Sports The Grizzlies closed the door on their series against Oklahoma City with an 88-84 win in Game 5. Once again, they did it with their usual dose of grit and grind.

weekly digest: page 2 government: page 21 law talk: page 24 small business: page 26 EDITORIAL: page 34

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The Memphis News | almanac Fisher Tapped for Economic Willingham tested his turbo cooker as Development Post well as seasonings and sauces at the 1982 MAY 17-23 barbecue contest and his team placed This week in Memphis history: The Department of Eco- first for ribs and as the overall champion >>>>> 2012: Construction began on Greenbrier Apartments at South Front nomic and Community Development of the contest. The recognition boosted Street and East Nettleton Avenue, a $2.5 million, three-story develop- has tapped Gwyn Fisher to be the Greater Willingham’s profile in the restaurant ment with 25 apartment units and underground parking. Memphis regional director of economic business. and community development. Don Pelts, founder and owner of >>>>> 1993: Tennessee Gov. Ned McWherter signed legislation creating She’ll be responsible for leading Corky’s Ribs & BBQ, also died Wednesday. TennCare as Tennessee’s version of Medicaid. Tennessee Gov. Bill Haslam’s economic Pelts founded Corky’s in 1984 after 13 developments in the Memphis area and years operating another barbecue restau- >>>>> 1973: On the front page of The Daily News, a study by Memphis will be a key point of contact for issues rant that he didn’t own. State University’s Bureau of Business and Economic Research con- related to job creation. She’ll oversee ef- For Pelts, his business plan includes cluded Shelby County would not have a majority African-American forts to attract new businesses, help busi- a 1950s decor and slow-cooked ribs that population for the next 50 years, as it did from 1880 to 1910. “If blacks nesses expand and support other regional were hand pulled. in Shelby County hope to gain a stronger say in local government, it economic development efforts. The original Memphis location in the must come through working with whites in a spirit of cooperation,” said Her regional area encompasses Poplar corridor has since expanded to Donald E. Pursell, senior research associate of the bureau. 2010 U.S. Lauderdale, Tipton, Shelby and Fayette include other locations. Census numbers show 52.3 percent of the county’s population is black. counties.

>>>>> 1951: Billy Graham (right) headlined the Greater Memphis Evangelistic Campaign at the Fairgrounds. Southern Airways Express Local Barbecue World Announces Flight Plans >>>>> 1857: James McMillan, a slave trader from Maysville, Loses Two Icons Ky., was shot and fatally wounded on the Memphis A new Memphis-based air carrier, riverfront by Isaac Bolton, a slave trader angry over a On the opening day Thursday, May Southern Airways Express, announced previous deal in which McMillan sold him a slave whose 16, of the Memphis In May World Cham- non-stop flight service to Destin and term had ended, forcing Bolton to make a refund. pionship Barbecue Cooking Contest, Panama City Beach, Fla., Gulf Shores, Ala., GRAHAM Bolton, who was later acquitted, reportedly shot McMil- the Memphis barbecue community was and New Orleans earlier this week. lan and then threw a knife on the floor by McMillan claiming McMillan mourning the loss of two icons in the Southern is the only airline that will had tried to attack him. The incident kicked off the county’s bloodiest business of barbecue. offer non-stop flights from Memphis to feud, which continued after the Civil War and slavery ended. John Willingham, a past winner of the the Gulf Coast between New Orleans and – Source: “The Bolton-Dickins Feud” by Kenneth Hensley contests, restaurant owner and former Tampa, Fla. Shelby County Commissioner died Southern Airways is not yet offering Wednesday. tickets for sale, but the company expects

We congratulate our seniors who have been accepted to the following colleges and universities.

THE CLASS OF 2013 EXPERIENCED MORE Abilene Christian University Rose-Hulman Institute of Technology Agnes Scott College Saint Louis University AT ST. GEORGE’S INDEPENDENT SCHOOL Arizona State University Samford University Auburn University San Diego State University Bard College Seattle University Baylor University Sewanee: The University of the South Belmont University Southern Methodist University Berry College Spelman College Birmingham-Southern College Stephens College Boston University Syracuse University Butler University Texas Christian University Carnegie Mellon University The College of Wooster Case Western Reserve University The Evergreen State College Centre College The George Washington University Christian Brothers University The Ohio State University (Honors0 Clark University The University of Alabama Clemson University The University of Alabama, Birmingham College of Charleston The University of Georgia Columbia College Chicago The Dartmouth College The University of North Carolina at DePaul University Chapel Hill Eckerd College The University of Tampa Emory University Trinity University Emory University (Oxford College) Tulane University Florida State University United States Merchant Marine Academy Furman University University of Georgia Institute of Technology University of California at Santa Barbara Goucher College University of Connecticut Guilford College University of Kentucky Gustavus Adolphus College University of Miami Harding University University of Minnesota, Twin Cities Hendrix College University of High Point University University of Missouri Columbia Howard University University of Oregon Indiana University at Bloomington University of Richmond Ithaca College University of San Diego Lewis & Clark College University of South Carolina (Honors) Lipscomb University University of Southern California Louisiana State University University of Tennessee, Chattanooga Loyola University Chicago University of Tennessee, Knoxville Loyola University New Orleans (Honors) Macalester College University of Vermont Marquette University University of Virginia Maryville University University of Wisconsin, Madison Middle Tennessee State University Utah Valley University Millsaps College Vanderbilt University Mississippi College Virginia Military Institute Mississippi State University Virginia Polytechnic Institute Mount Holyoke College and State University Murray State University Wake Forest University Uniting a challenging curriculum with a caring community in an extraordinary learning environment. Occidental College Washington University in St. Louis Oglethorpe University Webster University Ohio Wesleyan University Westmont College Pennsylvania State University Wofford College www.SGIS.org Randolph College Xavier University (Cincinnati) Xavier University of Louisiana Richmond The American International College of London www.thememphisnews.com May 17-23, 2013 3

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FROM THE BLOG

Memphis Native, Hedge Fund Manager Paul Tudor Jones Appears on ‘60 Minutes’

Editor’s Note: “From the Blog” who today is a prominent good!” Hood Foundation, the group is a weekly feature that highlights hedge fund manager, because And it’s true, Jones – the he founded that fights poverty some of the enterprising work our of some of his assessments brother of Peter Schutt, presi- in New York City. Twenty-five staff and contributors post on The about the economy Jones had dent and CEO of The Daily years after its founding, the Daily News blog, blog.memphis- dailynews.com. given me. News Publishing Co. Inc. – has organization has given away Melissa Lee, one of the three “done good.” He’s one of the more than $1.25 billion. hosts, wondered on air, “Why is richest men in America. He’s “You cannot have signifi- ANDY MEEK | The Memphis News he talking to the local paper?” renowned for reasons that cance in this life if it’s all about n late 2011, the hosts of CN- Her co-host Carl Quintanilla include his correctly predict- you,” Jones told CBS’ Scott Pel- IBC’s “Squawk on the Street” chimed in, “I think it’s a local- ing the stock market convul- ley. “The only way to break the discussed a story I had written boy-done-good-story.” And sion of 1987. Jones was on CBS’ cycle of poverty is higher levels the previous day about Mem- finally, Jim “Mad Money” Cra- “60 Minutes” recently to talk of education attract higher lev- phis native Paul Tudor Jones, mer, piped up – “Yeah, REAL about his work with the Robin els of income.”

its website, www.iFlySouthern.com, to be islation signed by Gov. Bill Haslam. Goods Store, at 163 Beale St. month by the most since December 2008. online shortly. The first flights will take Currently, ignition-locking devices, This year’s party will feature live music Excluding the drop in fuel costs, prices off on May 29, and fares on all flights will which force drivers to pass breath tests to by Reba Russell and catering by Mac were largely unchanged. range from $129 to $249 one-way. start vehicles and keep them running, are Edwards of the Elegant Farmer. Tickets The consumer price index fell 0.4 “All of us at Southern are very excited required for DUI offenders whose blood are $75 per person, and the party will last percent in April from March, the Labor to call Memphis our home and to offer alcohol level topped 0.15 percent. from 6 p.m. to 9 p.m. Department said Thursday. The main these new destinations to the people of This bill drops the level to the in- The party, which also will feature a si- reason the index fell was that gas prices the Mid-South,” said Southern Airways toxication threshold of 0.08 percent and lent auction, comes against the backdrop plunged 8.1 percent. Express CEO and Chairman Stan Little. would require first-time offenders to get of sad news for the organization, which For the 12 months that ended in April, “Rather than having an air carrier that the devices. In turn, those convicted of lost its co-founder recently. overall prices rose 1.1 percent – the small- needed another city, we have a city that DUI won’t get a restricted driver’s license Caravan co-founder Sid Selvidge lost his est year-over-year increase in 2 1/2 years. needs another air carrier.” and will be allowed to drive anywhere. battle with cancer earlier this month. Excluding volatile energy and food Little says the airline won’t charge The measure was unanimously ap- The Beale Street Caravan radio show costs, “core” prices ticked up 0.1 percent baggage or parking fees and that passen- proved 95-0 in the House and 31-0 in the has more than 400 radio stations each last month. Core prices have risen only gers will be able to arrive for flights from Senate. week that carry its programming to 2.4 1.7 percent in the past 12 months. That’s Olive Branch Airport and General Dewitt- It was sponsored by Republican Sen. million listeners. just below the Federal Reserve’s 2 percent Spain 15 minutes prior to departure. The Mae Beavers of Mt. Juliet and Republican inflation target. airline will operate nine-seat aircraft. Rep. Tony Shipley of Kingsport. Scant inflation is allowing the Fed to continue its extraordinary efforts to stim- Governor Signs ulate the economy. Worries about lower School Security Bill inflation or even deflation might push the Governor Signs Beale Street Caravan Fed to step up its low interest-rate policies Ignition Interlock Bill Blowout Held at A. Schwab Tennessee Gov. Bill Haslam has signed to stimulate more borrowing and spend- a bill that allows school districts to let ing and push prices higher. Tennessee’s ignition interlock law will The annual Beale Street Caravan Blow- people with police training be armed in Deflation is a destabilizing cycle in apply to more drunken drivers under leg- out party will be June 13 at A. Schwab Dry schools. which prices and wages fall steadily. It can The measure passed the House 82-15 slow economic growth. and was approved 27-6 in the Senate. It allows schools to hire retired law enforcement officers after they meet Playing with your baby certain requirements, such as completing 30-Year Mortgage Rate a 40-hour school security course. Rises to 3.51 Percent The measure makes information helps his brain develop. about which teachers are armed or which Average U.S. rates on fixed mort- schools allow the guns confidential to gages rose this week but stayed near their And you’ll probably win anyone but law enforcement. historic lows. Cheaper mortgages have Haslam included $34 million in his helped the economy by spurring more until he’s at least 3. budget for local government officials home buying and refinancing. to use on their priorities, which could Mortgage buyer Freddie Mac says the include security measures. average rate for the 30-year loan in- creased to 3.51 percent from 3.42 percent last week. That’s still near the average of 3.31 percent reached in November, the US Consumer Prices lowest on records dating to 1971. Fall 0.4 Percent The average on the 15-year loan rose to 2.69 percent. That’s up from 2.61 per- Go to TUCI.org for a copy of the Parents Guide to Kindergarten Readiness. A plunge in the cost of gas drove down cent last week, which was the lowest on a measure of U.S. consumer prices last records going back to 1991. 4 May 17-23, 2013 www.thememphisnews.com

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Low mortgage rates have helped sus- and electronic products, among the few Foreign Holdings Of Tuesday in Sauget, just across the river tain the housing recovery that began last areas that showed gains. Treasury Debt Up from St. Louis. He touted the company’s year. Home sales and construction are up Factories are making fewer goods in decision as an endorsement of his admin- from a year ago, and prices are rising in part because of a weaker global economy, Foreign demand for U.S. Treasury istration’s efforts to lure business. most U.S. markets. which has reduced demand for U.S. securities rose to a record level in March Quinn’s office says the facility will sup- exports. even though China, the largest foreign port 25 full-time jobs and 150 part-time And exports are likely to stay sluggish holder of Treasury debt, reduced its hold- jobs once it opens, in August 2014. because the recession of the 17 European ings slightly. The overall increase indicat- Illinois is offering the company tax EPayment America Debuts Union countries that use the euro has ed that foreign investors remain confident credits worth $459,000 over 10 years if it Social Commerce Tool extended into its sixth quarter. in holding U.S. debt. meets a commitment to create jobs at the Overall industrial production, which The Treasury Department says total Sauget site and invest in the community. Christopher Reckert, president and also includes output at utilities and foreign holdings of Treasury securities CEO of Memphis-based ePaymentAmer- mines, dropped 0.5 percent in April. increased 0.7 percent in March compared ica, has created a new social commerce That’s the biggest decline since with February to a record $5.76 trillion. tool called Yapyzal, which launched this August. Utility production plunged 3.7 That is an increase of 11.9 percent Magna Bank Executives week. percent, as power output returned to over a year ago. Garner Distinctions The tool is intended to allow busi- more normal levels after an unusually China’s holdings dipped by 0.1 percent nesses to design and share product offers cold March. to $1.25 trillion. Japan, the second-largest Three Magna Bank employees from on social media sites, then complete the A separate regional manufacturing re- holder, also trimmed its holdings to $1.11 the bank’s mortgage division have gar- sale via secure credit and debit card pro- port indicated that factory activity in the trillion, down 0.1 percent. nered some new distinctions recently. cessing without leaving the social media New York region shrank in May, signaling The third largest holder, five countries Laura Sinclair, a senior vice president platform. further weakness. in the Caribbean including the Bahamas and Middle Tennessee production man- The service is first launching on Face- The New York Federal Reserve Bank’s and the Cayman Islands, saw their hold- ager with Magna, has been appointed book. It’s powered by ePaymentAmerica, Empire State manufacturing survey fell to ings rise 3.9 percent to $291.3 billion. to the board of directors of the Nashville which provides customer service and 1.4 in May, down from 3.1 in April. Mortgage Bankers Association. billing for the new service. Still, there are some signs that factory Meanwhile, at the annual conven- And the goal is to eventually extend output could pick up later this year, par- tion of the Tennessee Mortgage Bankers the service to other social networking ticularly in the auto industry. FedEx Plans Center Association the group awarded Magna platforms. Ford, GM, Chrysler and Nissan all In Southwest Illinois executive vice president and mortgage EPaymentAmerica is a wholesale mer- reported double-digit U.S. sales increases, division manager Lisa Reid with the Er- chant service provider, with customers in signaling the best April for car and truck FedEx Corp. is building a $23.5 million nest P. Schumacher Lifetime Achievement all 50 states. sales in six years. ground distribution facility in southwest- Award. That honor goes to recipients Car sales have risen steadily this year ern Illinois that will process 10,000 pack- who have a long-standing reputation as a after reaching a five-year high in 2012. ages an hour once fully operational. leader in the mortgage industry and who Gov. Pat Quinn announced the plans have contributed locally and statewide to US Factory Output Falls 0.4 Percent in April Wunderlich Adds U.S. manufacturers cut back on Advisers in Three Cities production in April, as auto companies cranked out fewer cars, factories made Wunderlich Securities Inc. has added fewer consumer goods and most other new financial advisers in a few offices, industries reduced output. including in Memphis. The weakness suggests economic In Memphis, Jenny King has joined growth may be slowing this spring. Wunderlich as a financial adviser from The Federal Reserve said Wednesday Morgan Keegan & Co. Inc. There, she had that factory output dropped 0.4 percent served as director of marketing for retail in April, the third decline in four months. fixed-income trading for nine years. Production of autos and auto parts King’s responsibilities at Morgan fell 1.3 percent in April. The drop is likely Keegan also included the coordination of temporary because automakers are re- the fixed-income marketing initiatives for porting stronger sales. a sales force of more than 1,200 advisers Still, the declines in April were and product development. broad-based. Factories produced fewer Memphis-based Wunderlich also machines, electrical equipment, clothes, recently added advisers in Houston and appliances, furniture and primary metals. Dallas. Manufacturers made more computers

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the Mortgage Bankers Association. post-secondary success for low-income State Attorney General Bob Cooper tired Thomas & Betts chairman and CEO Also, Meribeth LaBarreare, a vice adults. last week said in a legal opinion that Dominic J. Pileggi. president and senior loan officer with Also speaking will be Jose Cabrales the measure would be “constitutionally Of the total, $500,000 went to St. Magna’s mortgage division, has been and Margarita Benitez, representatives suspect” because it could violate Fifth Jude ALSAC, the fundraising arm of the inducted as president of the Tennessee from Excelencia in Education, a policy Amendment protections against self- research hospital. Another $400,000 was Mortgage Bankers Association. As part group that advises municipal and institu- incrimination and for placing burdens on awarded to Le Bonheur and $100,000 was of her responsibilities, she will advocate tional advocates of public policy that sup- news collection. presented to the Memphis Development for the mortgage industry on the national ports higher educational achievement, Haslam said the opinion is among at Foundation for use in the $14 million level. especially for Latino students, including least three reasons he’s vetoing the bill. education and performing arts center college attainment. “First, the Attorney General says the the foundation is building as part of The law is constitutionally suspect,” the Re- Orpheum Theater. publican governor said in a news release. “We’ve sponsored the tournament. RedRover Picks Up “Second, it appears to repeal parts of We’ve done that for years,” said Charles Four Communicator Awards Del-Nat Tire Volunteers Tennessee’s Shield Law without saying so. L. Treadway, president and CEO of the Collect Discarded Tires If that is the case, it should say so. Third, Thomas & Betts business unit, refer- RedRover Sales & Marketing took there are concerns from some district ring to the FedEx St. Jude Golf Classic at home four international awards as part of Del-Nat Tire Corp. hopes to turn an attorneys that the act actually makes it the Tournament Players Club where the the 2013 Communicator Awards. eyesore into things of beauty. more difficult to prosecute animal cruelty checks were presented Thursday evening The firm got three Awards of Distinc- A volunteer team from the Memphis- cases, which would be an unintended and Pileggi as well as long-time Thomas tion for creative work completed for cli- based company on Saturday collected 832 consequence.” & Betts general counsel Jim Raines were ents Thomas & Betts Corp., DreamCatch- discarded tires, which it plans to trans- A number of groups and celebrities honored. “When we asked Dominic all the er Hotels and The MED Foundation. The form into living trees. have spoken out against the proposal they different charities he’s donated to since firm also earned an Award of Excellence Del-Nat is donating $1 toward the pur- have dubbed the “ag gag” bill. They say his time in Memphis, the list was quite for its own newly designed website. chase of trees for each tire collected dur- the bill is designed to prevent whistle- long. We limited it to these three just to The award winners were announced ing the cleanup effort, which took place blowers from collecting evidence of ongo- have a significant impact.” by the International Academy of the around the 700 block of Peebles in South ing patterns of abuse. Pileggi presented the checks and told Visual Arts. With more than 6,000 entries Memphis. The Memphis City Beautiful The American Civil Liberties Union a group of 100 at the club that the acquisi- received from around the world, the Com- Commission and Shelby County govern- of Tennessee was among the groups that tion has gone well with both companies municator Awards is the largest and most ment assisted in the effort, which Del-Nat lauded Haslam’s decision. integrating their cultures and practices competitive awards program honoring called “Tires for Trees.” The veto is Haslam’s second since he with Thomas & Betts adding 100 jobs in creative excellence for communications “We feel this is a perfect way for Del- took office in 2011. its Memphis-area operations since the professionals. Nat to contribute to our community – $3.9 billion deal was finalized one year The awards are judged and overseen helping to beautify our city, and combat- ago this month. by the International Academy of the ing a health hazard by eliminating places Visual Arts, a more than 600-member or- inside discarded tires where mosquitoes Memphis Tech Firm ganization of professionals from various can breed,” said Jim Mayfield, president Develops Museum Kiosks disciplines of the visual arts. of Del-Nat, an independent provider of Baptist Cancer Center automobile, agriculture and commercial When The Woody Guthrie Center Taps New Medical Director truck tires and tubes. “You could say we’re opened recently in Tulsa, Okla., it in- completing the cycle, from delivering new cluded 12 touch-screen kiosks that were Baptist Memorial Health Care said it Leadership Memphis tires to properly disposing the used ones.” developed by Memphis-based custom has named Dr. Stephen Edge as the medi- Hosts Education Experts The collected tires will be recycled by software development firm Mind Over cal director of the Baptist Cancer Center. Pittsburgh-based Liberty Tire Recycling. Data. Edge, who most recently served as Marjorie Cohen, senior associate for The donated trees will be planted during The kiosks that Mind Over Data the Alfiero Foundation Endowed chair in education with the National League of the fall in areas selected by Memphis City helped develop allow visitors to browse Breast Oncology at Roswell Park Cancer Cities, will be the featured speaker at the Beautiful. photos, writings, audio recordings, videos Institute in Buffalo, N.Y., will oversee con- quarterly meeting of Memphis Talent and other digital artifacts. struction of the new cancer center build- Dividend this week. One of the kiosks allows visitors to ing slated to open in 2014 near the Baptist The meeting starts at 9 a.m. Thursday, type their own song lyrics into a digital Memorial Hospital-Memphis campus. May 16, at the Leadership Memphis Gal- Bill Haslam Vetoes version of an Olympia typewriter, the Edge is a graduate of Tufts University lery, 363 S. Main St. ‘Ag Gag’ Bill same kind Guthrie used. Another kiosk in Medford, Mass., and earned his medi- Cohen is a leading education policy allows multiple users to browse informa- cal degree from Case Western Reserve adviser for municipalities. Her work Gov. Bill Haslam on Monday vetoed a tion about Guthrie’s life via an interactive University in Cleveland and completed focuses on the importance of early child- bill that would require images document- map. his internship and residency at University hood education as well as post-secondary ing animal abuse be turned over to law Woody Guthrie, who lived from 1912- Hospitals of Cleveland. He completed his education policy issues, and she’s cur- enforcement within 48 hours, saying his 1967, was a prominent folk singer and fellowship at the National Cancer Insti- rently involved in a national initiative on main concern is its constitutionality. songwriter. tute in Bethesda, Md. Mind Over Data specializes in interac- He is active in cancer care research tive touch screen kiosks; mobile applica- and national policy development. tions for Android and iPhone; business process automation; development of por- tals, intranets and extranets; and knowl- edge management and collaboration. Assisi Foundation Donates Are You Laid Off? $200,000 to Attorney General The Assisi Foundation of Memphis Unemployed? Thomas & Betts Inc. is giving the Shelby County District Donates $1 Million Attorney General’s office $200,000 to Tired Of Dead-end Jobs? replace file servers and other computer Thomas & Betts Corp. executives hardware that is outdated as well as desk- Hard Workers NEEDED marked one year since the acquisition of top and laptop computers. The grant will the Memphis-based power and electric allow a much-needed update in the com- Overnight Travel Required utility devices company by ABB Group puter system of the prosecutor’s office. of Zurich Thursday, May 9, with three Shelby County District Attorney contributions from both. The contribu- General Amy Weirich said the funding COnTACT (866) 326-4309 or tions, totaling $1 million, went to St. Jude is critical for the office, which replaced [email protected] Children’s Research Hospital, Le Bonheur some desktops and laptops in 2008, but Children’s Hospital and the Memphis otherwise hasn’t had a significant upgrade Development Foundation. to its software and computer systems The contributions honor recently re- since 1999. 6 May 17-23, 2013 www.thememphisnews.com

contributors may 17-23, 2013, VOL. 6, NO. 21 news

HEALTH CARE & BIOTECH

President & CEO bill dries Retail Lab Franchise Peter Schutt Senior Reporter

Government, Education, Manufacturing, Agribusiness General Manager Emeritus 528-5277 | [email protected] Ed Rains Sees Business Boom

Publisher Eric Barnes JENNIFER JOHNSON BACKER | The Memphis News

Associate Publisher & Executive Editor James Overstreet Any Lab Test Now thriving in Memphis market Managing Editor Lance Allan Wiedower s insurance plans transfer more so it gives them the freedom in proactively costs of procedures like lab work managing their health care,” Rock said. Deputy Managing Editor andy meek Eric Smith Senior Reporter A onto the consumer, entrepreneurs Revenue at Rock’s Any Lab Test Now Banking/Financial Services/Accountants, Markets & Economy, like Andrew Rock are seeing a growing Memphis location gained about 40 percent Associate Editor Economic Development, Small Business niche. Rock is the owner of the Memphis from 2011 to 2012, and he’s expecting an- Kate Simone 528-5279 | [email protected] franchise of Any Lab Test Now, a storefront other 25 percent boost this year. Rock esti- lab in Memphis that allows consumers to mates his store generated about $90,000 in Graphic Designer & Photo Editor Brad Johnson order from a menu of more than 8,000 lab revenue its first year of operations. tests – everything from thyroid hormone While labs like Any Lab Test Now are Graphic Designer & Illustrator levels to cholesterol. Unlike a visit to a doc- popular with consumers, they are drawing Emily Morrow tor, the lab doesn’t require referrals. Franchises like the 5075 Park Ave. Senior Production Assistant location of Any Lab Test Now act as a Sandy Youngblood middleman. Consumers pay for the tests upfront and the lab sends the blood work Production Assistant Laurie Beck jennifer JOHNSON backer to Memphis-based American Esoteric REPORTER Laboratories. Within a few days, Any Lab Advertising Director Health Care/Biotech, Transportation/Distribution/Logistics, Test Now receives the results and passes DON FANCHER Attorneys/Courts/Civil Litigation, Nonprofits them along to the consumer. 528-8622 | [email protected] “We are really a collection point,” Rock Senior Account Executive said. “We use the same certified laborato- JANICE JENKINS We offer services that ries that hospitals and physicians use.” normally the general public Account Executive Rock says most Any Lab Test Now LUCY BLACKMON clients don’t have insurance or are insured doesn’t have access to. under high-deductible insurance options. People can choose the tests Business Development Manager Most of the lab tests ordered at storefront themselves, so it gives them Patricia mckinney laboratories like Any Lab Test Now cost the freedom in proactively about 50 percent less than labs ordered by “ Director of Marketing managing their health care.” DONNA WAGGENER physicians and hospitals; a cholesterol test DON WADE will run you $50, blood type testing costs – Andrew Rock SPORTS COLUMNIST Owner, Any Lab Test Now Controller/Human Resources $29 and Vitamin D testing runs $129. That’s PAM MALLETT [email protected] because labs like Rock’s don’t have the overhead costs of physicians and hospitals. Administrative Specialist “We don’t have to pay for treatments concern from some physicians that worry MARSHA PAYNE or advice,” he said. “We can also operate in consumers who order enough tests will spaces with smaller square footages and eventually get a false-positive result with- Circulation Coordinator KAYE KERR can get people in and out very quickly.” out access to someone that can explain the Retail lab chains like Any Lab Test Now results. Critics also say lab franchises are Production/Distribution Manager are spreading quickly because of their in the business of selling tests that doctors JOHN BUESCHER convenience, affordability and confiden- might have never ordered. Rock says his tiality, Rock said. Just more than two years lab offers convenience, transparent pricing Pressman after he opened his first Any Lab Test Now and that consumers can make an appoint- CEDRIC WALSH LANCE MURPHEY PHOTOGRAPHER location, Rock is opening a new location in ment with a physician to go over their lab

Pressman Weekly features, spot news Southaven this month. The grand open- results. Some local physicians also refer PETE MITCHELL [email protected] ing is on May 16, with a ribbon cutting patients without insurance to the clinic. provided by the Southaven Chamber of “When they can go to a doctor with lab To reach our editorial department, e-mail: Commerce at 4:30 p.m. results in hand, they can have a frank and [email protected] or call: 901-523-1561 Published by: There are now more 150 Any Lab Test honest discussion, rather than getting a THE DAILY NEWS PUBLISHING CO. Now stores across the U.S. and several call two weeks later on the phone,” he said. 193 Jefferson Avenue Memphis, TN 38103 other national chains that are expanding. Privacy also is a concern for many pa- P.O. Box 3663 Rock doesn’t think Any Lab Test Now’s tients who want STD testing, drug testing, Memphis, TN 38173-0663 Tel: 901.523.1561 popularity will wane anytime soon even or don’t want the results to be shared with Fax: 901.526.5813 The Daily News is supportive, including in with new Affordable Care Act provisions their insurance companies. www.memphisdailynews.com some case being on the boards of, the following that require everyone to purchase health Rock says he speaks from personal The Daily News is a general interest organizations: Literacy Mid-South, Grace St. newspaper covering business, law, Luke's Episcopal School, Conservancy, insurance. The health care law requires ev- experience. Before buying Any Lab Test government, and real estate and Ronald McDonald House, Great Outdoors eryone to purchase a plan, but the cheap- Now, he was laid off and had a medical development throughout the Memphis University, Tennessee Wildlife Federation, metropolitan area. Temple Israel, St. Jude's, St George's est plans – the bronze level – will have an scare while uninsured. He was concerned Independent Schools, Shelby Residential & actuarial value of 60 percent. That means about getting the necessary tests because The Daily News, the successor of the Daily Vocational Svcs, Park, Calvary Record, The Daily Court Reporter, and The & The Arts, Bridges, Boys & Girls Club of these plans will still have very high deduct- positive results could have made insurance Daily Court News, was founded in 1886. Greater Memphis, Binghampton Development ibles and allow out-of-pocket spending up impossible to obtain or very expensive. Corporation, U of M Journalism Dept., Chickasaw AUDIT PENDING Council Boy Scouts, Memphis Leadership to thousands of dollars. Though the Affordable Care Act will now Foundation, Junior Achievement, “We offer services that normally the ban insurance companies from preventing Conservancy, and WKNO. general public doesn’t have access to. patients with pre-existing conditions from People can choose the tests themselves, obtaining insurance. www.thememphisnews.com May 17-23, 2013 7

news

TECHNOLOGY LEADERSHIP Civic Leader Grocery Gadgetry Says Memphis Technology helps Kroger cut customer wait times in local stores Has ‘Right Stuff’

ANDY MEEK | The Memphis News

little less than two years ago, Dr. Robert Ross was up for a standard performance Areview from the board of the foundation he leads. Ross is the president and CEO of the Califor- nia Endowment, a group established in 1996 to help address health care needs for the state of California. And at the time of his performance review, Ross didn’t want the extra money a favorable result would bring. He only wanted time. As in, time to go on a deep dive into the factors surrounding why so many young African-American men in the U.S. are not living up to their full potential. Ross came to Memphis in recent days as a guest of the Lipscomb Pitts Breakfast Club to talk to local business leaders about what he found and about why he thinks Memphis has all the right ingredients in place to do some- thing about the problems that get in the way of young men leading successful lives. “I wanted to immerse myself in why this crisis is happening to young black men in this country,” Ross said. “And then come back to the endowment after going around the country Photo: Lance Murphey with a sharper strategy.” Cashiers check out customers at the Mendenhall Road Kroger store, where infrared cameras are used by the company to He met with 60 people around the country, monitor customer traffic. QueVision is available in all of the stores in Kroger’s Memphis-based Delta Division. including congressional leaders, foundation presidents and the like. He heard “anxiety, ANDY MEEK | The Memphis News concern and worry” about things like how some urban schools were essentially a so-called roger’s Memphis-area shop- Division, invites customers to check ogy consultant Bill Piper. “They’re prison pipeline. pers might not have noticed, out the screens themselves to take making a strong move toward improv- He was confronted with a litany of scape- Kbut the supermarket chain is note of the numbers and watch them ing their operations and customer goats. Some pointed to schools. Others, to paying more attention to them these change. experience.” parents. days. “We didn’t do a lot of advertising of QueVision is one of several kinds One of the insights he shared in Memphis The high-tech proof doesn’t neces- this, and it wasn’t necessarily intended of technology in which Kroger has was how the single greatest predictor of life sarily call attention to itself, but that’s to be something directly shown to the invested to improve the customer expectancy is not a person’s genetic code, it’s a not to say it’s not hidden, either. Tele- consumer,” Bell said. “But the benefits experience. In Memphis, the company person’s ZIP code. vision screens mounted near the front are enormous for our customers. also is making a big investment in the While cautioning that “data is not destiny,” of its Memphis stores are a product And the capital investment, we think, stores themselves. Ross pointed to data that highlight what he of Kroger making a big investment a was worth the time and effort. A lot Kroger’s Delta Division is spend- calls three intervention points when it becomes few years ago in new infrared camera of people complain about waiting in ing $50 million in 2013 and another clear a young male is heading for trouble. technology. line and cutbacks in service in today’s $50 million over the next three to five The first is third grade reading proficiency. The cameras track body heat in world, but Kroger’s kind of gone in the years on upgrades, fixes, renovations Up to that point, Ross said, children are the stores. The goal of the technol- opposite direction.” and some store replacements in the learning to read. From that point on, though, ogy – called QueVision – is to capture On average over the course of a Memphis area. they’re “reading to learn.” the traffic pattern of shoppers in the week, Bell said the system has helped That includes Kroger’s recent an- And a large number of African-American stores to get a better handle on what cut wait times in checkout lines to nouncement of its plan to invest $2 boys in urban school districts are at less than Kroger’s staffing levels should be and around 30 seconds. He stresses that’s million into the Kroger store at 1366 third grade reading proficiency, Ross lamented. how many checkout lanes to open. an average and that a big order can Poplar Ave., at the corner of Poplar The second intervention point is days To that end, the screens at the skew both that average and the per- and Cleveland Street. The renova- missed from school. And the third point is front of stores show a set of numbers, ception of that average. tions there, which will happen in the school suspensions. including how many checkout lanes The system began to be installed first quarter of 2014, will include an If a child is suspended once in high school, are open now and how many will be in Kroger’s Memphis stores in 2012, expanded pharmacy, new paint inside Ross said the data show that child dramati- open in, say, 30 minutes. The data and it runs constantly, seven days the store, lowering the ceiling over the cally begins to reduce their chances of going to have helped Kroger shave the time a week. Its accuracy improves as a produce section, new interior decor, college. Ross said suspensions reflect a lack of customers spend waiting in line, and store’s history and patterns accu- the installation of new refrigeration tools available to educators to help young men. the technology is available in all of mulate over time, helping pinpoint and frozen cases and a resetting of “I’ve looked at your data on school suspen- the stores in Kroger’s Memphis-based the right number of employees and products on the shelves. sions in Memphis, and it ain’t pretty,” Ross said. Delta Division, which operates 115 checkout lanes. The company also recently Ross is a trained physician, but he says he Kroger grocery stores and 70 fuel cen- “The key thing here is that Kroger opened a new store at Poplar and made the switch into community health after ters in five states. is using technology to draw meaning- Highland Street and announced plans he got tired of treating patients with the same Joe Bell, manager of marketing ful business-level data out of their to expand its Lakeland store as well as problems. He wanted to make an impact earlier and public affairs for Kroger’s Delta stores,” said Memphis-based technol- build a new Union Avenue store. in people’s lives. 8 May 17-23, 2013 www.thememphisnews.com

MANUFACTURING Thomas & Betts CEO Sees Growth Post-Acquisition

BILL DRIES | The Memphis News

ing, the product management to be Treadway bullish on future year after $3.9 billion sale to ABB Group able to develop the product roadmap to say what the needs are and then the ominic Pileggi, the retired CEO of low voltage business in North America for ences.” mechanical drawings and things like Thomas & Betts Corp., remem- them.” Thomas & Betts is part of a global that,” Treadway said. “We will be able to D bers being concerned more than That includes in the next year getting company that spends $1.5 billion annu- leverage ABB’s engineering and tooling a year ago when the Memphis-based Thomas & Betts back-office software and ally on research and development, which organizations and operations throughout maker of low voltage electrical and utility systems in low voltage ready to be used by Thomas & Betts has access to and vice the world. And they’ll use ours here.” hardware was in talks with ABB Group of ABB teams in other parts of the world. versa. Thomas & Betts has a UL and NEMA Zurich to buy Thomas & Betts. “Which is unique in an acquisition,” “It’s the chicken or the egg. We would testing lab in Southaven that ABB has Pileggi told a group of about 100 gath- Treadway said. “Usually when you get have never made the investments in R&D access to for testing. The plant is also as- ered at Southwind Tournament Players bought you go on their system. In this and in tooling and in capital equipment sembling circuit breakers. Club last week that he and his team had case, they are going on Thomas and Betts’ if we didn’t have the market access,” The Southaven facility is also an ex- concerns about job losses on their end. system.” Treadway said of growth from the merger. ample of the back and forth between ABB “We were very concerned about the With a global reach comes differing “Now we have the market access. So, now and Thomas & Betts with ABB employees city of Memphis,” he added, as well as electrical and manufacturing standards we can make the investment and ABB is from Italy in Southaven training workers the possibility of another acquisition and for Thomas & Betts’ products that are doing the same thing for the U.S. market.” on assembly, techniques and testing. merger becoming what he termed “acqui- also a priority and will likely spur more The same development of abilities Thomas & Betts also made a $7 mil- sitions and executions.” research and development as well as ac- is likely to happen with the engineering lion investment in its Byhalia plant that A year ago this month, the $3.9 bil- cess to ABB research and development, required for the conversions. now distributes ABB products in the U.S. lion deal was finalized with Thomas & and engineering. But that also works the ABB has a much larger engineering as well to 6,000 electrical distribution Betts retaining its name and its Memphis other way. division than Thomas & Betts. branches with two trucks a week out of location. A year later, Pileggi judges the “It takes a long time to get our prod- “I think it would be helpful. But I the Byhalia location. integration a success with growth for ABB ucts all specified in and certified and would say as the products get a little bit Electrical contractors as a whole who overall and growth continuing for Thomas tested. We also have to modify some of more sophisticated, either from their side bought more from ABB than from Thom- & Betts in Memphis. our designs to be able to work outside or our side, we need our own engineers as & Betts have more exposure to Thomas Charles L. Treadway, president and North America,” Treadway said. inside our business working on those,” he & Betts. Treadway calls it “relevance.” CEO of the Thomas & Betts Business Unit, “You take an ‘imperial’ product and said. “The idea would be to accelerate and “Our products probably make up said there has been “virtually no overlap get a ‘metric’ version. You take an ‘NEC’ to be able to do everything that we need about 15 percent of what an electri- whether it was products or geographical and ‘UL- NIMA’ product and get an ‘IEC’ to do.” cal contractor would buy in material. coverage.” version,” he said, referring to the different The development involves prioritiz- Whereas ABB’s probably closer to 40 or 50 “They are helping us with leadership standards. “We’re going to be develop- ing and an enhanced Thomas & Betts percent,” he said. outside of North America in terms of the ing the products that we’ll be able to sell engineering presence handing off designs “Now, we’re relevant in a majority of sales organization and the distribution outside North America through the ABB to ABB in other countries. projects around the world and have ac- channels,” he said. “And we’re leading the channels once we identify the differ- “We have to do the product market- cess to them through ABB.”

How High Can We Go Before Bubbles Start to Form?

Total stock market returns highest correlations. Using the Fed Model to drift higher from today’s 16.5 level. In- portfolio values, the so-called “wealth combine dividends with a change in as a blunt instrument for asset class trepid money seeking out its highest and effect,” encourages economic risk taking earnings and a change in multiples. Right comparison, a 5 percent yield on a 10- best use will not choose low yields in and hiring. The primary risk the Fed runs now, the dividend yield on year Treasury equates to a bonds over comparatively low multiples is that the increase in asset prices fails to the S&P 500 is 2 percent. 20 P/E for the stock market. in stocks. As echo crisis threats recede, translate into an increase in hiring. The earnings estimate for Since stocks and bonds buyers will increasingly rely on math over So, now we are in a foot race. If the the S&P 500, for year- represent the primary com- emotion. pace of hiring severely lags the pace of end 2014 as projected petitors for investor cash, If the P/E of the stock market today multiple expansion, bubbles will form in by Standard and Poor’s, having a mechanism to drifted to 20, with no change in the funda- the asset markets, increasing the size and approximates $120, as compare them like the Fed mentals at all, the S&P 500 would price probability of eventual loss. trailing earnings equal Model makes sense. at 1970 – 20 percent higher than today. If the pace of hiring quickens and David S. Waddell $100 per share. There- the worldly Today, the 10-year Add to that the fundamental expansion overtakes the pace of multiple expansion, fore, without any change investor Treasury yields 1.9 percent outlined earlier, and the market could the Fed can initiate tightening and deflate in multiples, the market meaning the parity multiple mathematically reach 2450 by Jan. 1, asset prices in an orderly fashion. Based could return another 22 percent based for the stock market equals 53. A multiple 2015 – 50 percent higher than today. upon recent global central bank activity, upon fundamentals. Handicapping this of 53 seems a bit excessive and without A 50 percent rise in the S&P 500 we are nowhere near the finish line. Be by 50 percent still projects fundamen- Fed manipulation, interest rates would seems implausible, as it would certainly pleased, but beware. tal returns of 12 percent over the next certainly be higher. Unsubsidized 10-year attract the Fed’s attention. Somewhere 18 months … assuming multiples stay bond yields might reach 3-4 percent. At 4 along the way, the Fed would recognize David Waddell, who is regularly fea- constant. percent, the comparable P/E for the mar- the growing threat of asset inflation as tured in the Wall Street Journal, USA Today Multiples never stay constant. Many ket would be 25. Herein lies the point. If a consequence of interest rate suppres- and Forbes, as well as on Fox Business factors hold influence over P/E direction, interest rates remain low for an extended sion. However, the mission is job creation, News and CNBC, is president and CEO of but inflation and interest rates bear the period, multiples can and should continue and the Fed does believe that rising Memphis-based Waddell & Associates. www.thememphisnews.com May 17-23, 2013 9 Money&Markets Extra

Many investors believe in owning What do you look for? perpetuate culture and make the hard equipment, lease more space on these all the stocks in the market to stay Rothberg: We’re looking for four things: a decisions needed to be made for the long towers, which will result in more revenue diversified. But Brian Macauley and Ira high quality business that earns outsized term. for American Tower. Staying Rothberg are more discriminating. They returns on capital, a large growth opportu- buy only stocks in which they fervently nity and an excellent management team. Your top holding, wireless-tower If you’re so bullish on wireless data Insider believe, and their Hennessy Focus And we just don’t like to pay very much owner American Tower (AMT), makes demand, why not just buy Verizon or focused Q&A mutual fund (HFCSX) holds only 20 to 30 for those first three ingredients. up about 9 percent of the total fund. AT&T? stocks at a time. The fund has a five-star What’s so attractive about it? Rothberg: We like picks-and-shovels Who they are: Portfolio managers, rating from Morningstar and has returned How do you determine what’s a good Rothberg: It’s a business where 70 businesses. They sell the picks and Broad Run Investment an annualized 13 percent over the last management team? Are there common percent of the revenue is domestic and shovels to the gold miners, so it’s not Management decade. threads among the stocks you own? 30 percent is international. If you look really a bet on which gold miner is going What they suggest: Macauley: They tend to be run by here at the United States, in the last to strike it rich. Stay selective when Why focus on so few stocks? company founders, or the second or third two years smartphone penetration has American Tower has great assets. picking stocks Macauley: We are very disciplined in generation. Or run by somebody who gone from 20 percent to 60 percent, and No one is going to build a tower next those that we choose to own. We think has spent the vast majority of their career mobile data demand is up fivefold. If we to the incumbent tower, because they that’s what’s given us an edge in the at the company and has been handed look at some of the forecasts for the next have 10-year contracts where they’ve past: Hold a few names, hold them the reins. These people have long-term five years, we think data demand can be essentially already locked up all the Brian Macauley & for a long time, get to know them very orientations, and they’re steeped in the up another tenfold from here, and that potential customers for that tower. Ira Rothberg well and be discriminating in what you culture that’s worked for the business, will result in wireless carriers — Verizon choose to own. and they’ve got the internal credibility to and AT&T — having to put up more radio Answers edited for content and clarity. AP Time for Whole Foods? BEHIND THE BRAND AKAMAI TECHNOLOGIES (AKAM) The stock of Whole Foods Market changed course Poor’s index for much of this year. Investors sold the this week. After the stock market closed Tuesday, the stock in February after the company narrowed its natural grocer reported its fiscal second-quarter profit revenue forecast and said earnings growth may slow. rose 20 percent. Management also raised its profit Whole Foods struggled when the recession hit and forecast for the full year. Shares shot shoppers cut back on their spending. up $9.39, or 10 percent the next day. The financial analysts covering the In the cloud Whole Foods also said it will split stock are still split firmly between its stock, two for one, at the end of “Buy” and “Hold.” Gregory Badishka- May. A stock split does not change a nian of Citi was among the financial company’s market value, but it analysts raising his price target on the The growing popularity of Internet and other devices acessing data increases the number of shares stock this week, to $108 from $96. But video is helping lift sales for “cloud” stored remotely, a process known outstanding. he maintained his “Neutral” rating, computing company Akamai as cloud computing. This could be a turning point for noting that the stock has a price- Technologies. The trend has led to strong the stock which had been one of the earnings ratio of 35 based on his The company, which was gains in Akamai’s media delivery worst performers in the Standard & earnings projections. founded in 1998, helps websites business and network cost deliver video and other content to controls. Whole Foods Market (WFM) has trailed the S&P 500 this year, but the stock price is rising quickly. users on computers, smartphones Last year, revenue jumped 18 percent to $1.37 billion, while Percent change YTD 1-month price change 52-week range earnings grew 2 percent to $204 Thursday’s close: $45.61 million. Akamai’s stock is up 10 20% $106 Price-earnings ratio: 41 S&P 500 index Thursday’s close $81 104 percent this year. $100.87 52-week price range In April, the company posted an Stores: 340 in 39 states, earnings outlook for the second Canada and the U.K. 0 93 $26 $46 quarter that exceeded Wall Street’s Annual dividend expectations. $0.80 YTD stock change: 11% Akamai’s business has had WFM Dividend yield April 9 $83.68 0.80% YTD S&P 500 change: 15% setbacks. Last year, Netflix said it -20 80 would provide content deilvery A M Market value: $8.06 billion J F M A M est. services for itself, eventually $2.90 $3 EPS 2012 revenue: $1.37 billion replacing Akamai. Total return WFM S&P 500 Average target price $107 That’s one reason Wall Street 2 YTD 11% 15% Average broker rating Avg. broker rating: cheered a deal announced in December that calls for Akamai to 1-yr 18 23 1 SELL HOLD BUY Sell Hold Buy provide its services to AT&T 0 10-yr* 16 8 15 analysts ’09 ’10 ’11 ’12 ’13 customers. The pact removes the Source: FactSet Data through May 9 *annualized Trevor Delaney; J. Paschke • AP threat of a rival AT&T service. Source: FactSet Data through May 9 Alex Veiga, Jenni Sohn • AP

LocalStocks 52-WK RANGE CLOSE YTD% 1YR% 52-WK RANGE CLOSE YTD% 1YR% COMPANY TICKER LO HI CLOSE THUR. %CHG WK MO QTR CHG RTN P/E DIV COMPANY TICKER LO HI THUR. CHG %CHG WK MO QTR CHG RTN P/E DIV AT&T Inc T 32.71 8 39.00 37.53 +.30 +0.8 s t s +11.3 +16.3 28 1.80 Medtronic Inc MDT 35.67 0 49.93 50.01 +.09 +0.2 s s s +21.9 +33.8 14 1.04 t s s AutoZone Inc AZO 341.98 0 423.46 418.28 +.72 +0.2 +18.0 +10.6 17 ... Merck & Co MRK 37.02 9 48.79 46.73 +.08 +0.2 s t s +14.1 +26.5 22 1.72 0 s s s BancorpSouth BXS 12.48 17.11 17.37 +.29 +1.7 +19.5 +26.6 20 0.04 Mid Amer Apartments MAA 60.38 0 73.03 73.20 +.19 +0.3 s s s +13.1 +9.4 31 2.78 Boyd Gaming BYD 4.75 0 14.50 13.83 -.51 -3.6 t s s +108.3 +104.0 dd ... Monsanto Co MON 69.70 0 108.63 109.22 +1.57 +1.5 s s s +15.9 +52.6 23 1.50 Buckeye Technology BKI 23.52 0 37.93 37.49 -.01 ... t s s +30.6 +30.0 16 0.36 Mueller Inds MLI 39.72 9 55.53 53.12 +.74 +1.4 s s t +6.2 +16.9 22 0.50 Community Hlth Sys CYH 20.71 9 48.59 45.50 -.69 -1.5 t s t +48.0 +105.4 15 0.25e 0 s s s Corrections Corp CXW 20.71 0 39.38 39.43 +.19 +0.5 s s s +32.8 +74.5 23 2.12a Navistar Intl NAV 18.17 37.65 36.34 +.33 +0.9 +66.9 +15.9 dd ... s s s Cummins Inc CMI 82.20 9 122.54 114.68 -.12 -0.1 s s t +5.8 +12.6 15 2.00 Nike Inc B NKE 42.55 0 65.98 65.83 -.08 -0.1 +27.6 +24.1 26 0.84 Delta Air Lines DAL 8.42 0 18.88 18.96 +.71 +3.9 s s s +59.7 +59.7 17 0.24 Pinnacle Entert PNK 8.89 0 21.04 21.00 +.07 +0.3 s s s +32.7 +111.8 dd ... s s s Dillards Inc DDS 60.76 0 89.98 89.09 +1.38 +1.6 +6.4 +34.6 13 0.20a Regions Fncl RF 5.46 0 9.00 9.14 +.14 +1.6 s s s +28.2 +39.9 11 0.12f 0 s s s Dover Corp DOV 50.27 75.53 76.00 +.57 +0.8 +15.7 +31.6 17 1.40 Renasant Corp RNST 14.66 0 23.74 23.82 +.17 +0.7 s s s +24.5 +58.3 21 0.68 DuPont DD 41.67 0 55.70 55.55 +.39 +0.7 s s s +23.5 +11.9 11 1.80f Smith & Nephew PLC SNN 44.84 0 59.43 59.54 +1.05 +1.8 s s s +7.5 +24.5 88 1.31e Education Realty Tr EDR 9.72 8 11.81 11.32 +.11 +1.0 s s s +6.4 +3.4 94 0.40 Smucker, JM SJM 73.20 0 105.18 104.01 ...... s s s +20.6 +37.7 22 2.08 FedEx Corp FDX 83.80 7 109.66 100.28 -.40 -0.4 s s s +9.3 +15.3 18 0.56 0 s s s Fst Horizon Natl FHN 7.44 0 11.34 11.30 +.04 +0.4 s s s +14.0 +26.4 dd 0.20 Suntrust Bks STI 20.96 31.04 31.21 +.35 +1.1 +10.1 +35.0 8 0.40f s s s Freds Inc FRED 12.30 9 15.98 15.34 +.10 +0.7 s s s +15.3 +12.6 19 0.24a Synovus Fincl SNV 1.67 0 2.90 2.83 +.03 +1.1 +15.5 +40.6 dd 0.04 GTx Inc GTXI 2.62 9 5.89 5.54 -.16 -2.8 t s s +31.9 +64.3 dd ... Sysco Corp SYY 27.05 0 35.62 35.13 +.38 +1.1 s s t +12.0 +30.0 20 1.12 s s t Ingram Micro IM 14.42 7 20.21 18.35 +.25 +1.4 +8.5 -3.0 11 ... Trustmark TRMK 20.76 9 26.35 25.48 +.01 ... s s s +13.4 +5.3 15 0.92 0 s s s Intl Paper IP 27.29 49.10 48.68 +.41 +0.8 +22.2 +60.6 25 1.20 Tyson Foods TSN 14.07 0 25.22 25.03 +.10 +0.4 s s s +29.0 +29.9 16 0.20 Isle Capri Casino ISLE 4.75 0 8.61 8.69 +.19 +2.2 s s s +55.2 +61.6 dd ... UPS class B UPS 69.56 0 89.96 88.60 +.20 +0.2 s s s +20.2 +19.1 61 2.48 Kellogg Co K 46.33 0 66.84 65.90 +.62 +0.9 s s s +18.0 +31.5 26 1.76 Utd Technologies UTX 70.71 0 95.97 95.81 +.42 +0.4 s s s +16.8 +29.1 14 2.14 Kirklands Inc KIRK 8.26 0 14.02 14.24 +.34 +2.4 s s s +34.5 +7.1 18 ... 7 s s t Kroger Co KR 20.98 0 35.24 35.22 +.42 +1.2 s s s +35.4 +57.0 13 0.60 Valero Energy VLO 20.00 48.97 39.81 +.80 +2.1 +16.7 +97.1 9 0.80b t t t LifePoint Hosp LPNT 34.32 9 49.78 47.68 -.07 -0.1 t s t +26.3 +31.7 18 ... Verso Paper Corp VRS 0.98 2 2.38 1.15 -.04 -3.4 +7.5 -28.3 dd ... Macy’s Inc M 32.31 0 47.67 48.57 +1.18 +2.5 s s s +24.5 +31.4 15 1.00f Wright Medical Grp WMGI 18.11 0 25.05 24.93 -.08 -0.3 s s s +18.8 +21.9 cc ...

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 May 17-23, 2013 www.thememphisnews.com

Talk About Money REAL ESTATE & DEVELOPMENT Before Taking Vows

Ray’s Take You’re blissfully in love and happily engaged to your soul mate. The future looks idyllic. Unfortunate- ly, that does not mean your fiancé is also your ideal financial mate. In fact, a study conducted by profes- sors from The Wharton School and Northwestern University revealed that financial opposites tend to be attracted to each other, and those marriages often face significant challenges. With some honest and open discussion in advance, that doesn’t have to happen to you. One of the biggest issues to honestly address is your individual financial situation, both past and present. What’s your credit score? Are there unpaid debts, back taxes, student loans, child support or other financial obligations to deal with? How about credit card debt? On the other hand, are either or both of you bringing significant assets to the mar- riage? Full disclo- sure is impor- tant. Not only does this reveal more about the spending habits of your partner, ray & dana Brandon rays of wisdom it also opens up the discussion of how to address problems and preserve assets. It further opens a dialog on longer-term priorities and Photo: Lance Murphey goals. Don’t expect to agree on everything. Regard- Bud Cornelius of Mid Continent Labs probes weak soil on the site of a future Walgreens store at the corner of Poplar Avenue and White Station Road, the fourth Walgreens along the six-mile stretch between Highland and Massey. less of what is revealed, the object is to face the facts and work together from this point forward. The other really big issue relates to the emo- tions attached to money – and they are strong and numerous. How your parents dealt with money af- fects the attitude of each individual, and it will affect your marriage as well. Your feelings about money will impact everything from who pays the bills to your Drugstore household budget. Perhaps that’s why there is a growing trend for couples to divide their money into three categories: the lion’s share goes to pay household bills and save for the future, but each partner keeps a small por- tion to spend or save freely. Corridor You’ve probably discussed children, religion, life styles, and dozens of other topics. Don’t overlook honest discussion about the one topic that will influ- Walgreens bringing another store to East Memphis ence all the others – money. AMOS MAKI | The Memphis News Dana’s Take Another money-related issue should be ad- dressed before marriage is ambition. Typically both parties in a couple have jobs when they marry, but algreen Co. is building man, a partner with Wes Newman following the time-tested method how do career plans for the future fit together? a new store on Poplar in Newman-Tillman Properties LLC, of large retailers placing multiple If one aspires to be a stay-at-home parent, will WAvenue in East Memphis which has built or been involved stores on busy yet accessible street the other’s income support a whole household? If amid some of the most important in the three Walgreens stores dot- corners. For instance, Walgreens has your fiancé is embarking on a career that will call for and valuable commercial real estate ting Poplar between Highland and three stores on Elvis Presley Boule- 70-hour weeks or extensive travel, is that accept- in the city. Massey. “Walgreens has been target- vard between Winchester Road and able? If job advancement requires moving across The nation’s largest drugstore ing that intersection for a long time Shelby Drive. the country, whose career takes precedent? chain plans on replacing its Ike’s and it was just a matter of getting Still, property along Poplar in You career paths could be something that brings location inside Eastgate Shopping everything put together.” East Memphis – generally con- you closer together, but they could also be a source Center with a new store at Poplar The new 14,550-square-foot sidered the best office and retail of conflict. By discussing in advance how you envi- and White Station Road, continuing store slated to open early next year location inside the city – is hard to sion your future, both within your career and as a the company’s infatuation with the is replacing an Exxon gas station on come by. couple, you can talk through those issues and plot a Poplar corridor. Poplar and a Bank of America build- Tillman said multiple parties course that fulfills both your needs. From Poplar and Cleveland ing on White Station. were interested in the site. However, remember this: achieving financial Street in Midtown and reaching to Walgreens signed a 25-year “There was some competition,” affluence is fine, but there are other ways to enrich Collierville, Walgreens stores now ground lease, with options for up to he said. “There was more than one your life. That’s what really counts. stretch like a daisy chain along 75 years for the two parcels, which other party who was interested. It’s Poplar. are owned by the Erb family. just exceptional real estate.” Ray Brandon is a certified financial planner and The new store will be the fourth Danny Buring, partner with The Buring said Walgreens likely had CEO of Brandon Financial Planning (www.brandon- Walgreens from just west of High- Shopping Center Group LLC, said to pay a premium for the location. planning.com). His wife, Dana, has a bachelor’s de- land Street to Massey Road, a stretch the new location filled a need for “Somebody said, ‘What’s that gree in finance and is a licensed clinical social worker. of roughly six miles. Walgreens. worth?’” Buring said. Contact Ray Brandon at raybrandon@brandonplan- “Poplar Avenue is a major retail “Yes, this is pretty close to Per- “And I said go find me another ning.com. corridor and Walgreens has had kins but going east to Massey is a acre and a half of land on Poplar tremendous success on Poplar all pretty good spread,” Buring said. Avenue. It’s worth what people are the way to Collierville,” said Jay Till- It’s not just Poplar. Walgreens is willing to pay for it.” www.thememphisnews.com May 17-23, 2013 11

health care & biotech City Third Worst in US

For Asthma Sufferers JENNIFER JOHNSON BACKER | The Memphis News

recent study by the Asthma and Al- pitalizations, so this is a major problem lergy Foundation of America placed because it costs patients and the health AMemphis No. 3 on a list of the most care system too much to care for asthma challenging places in the U.S. to live in this way.” with the chronic disease. In 2012, Mem- Experts said cities with a higher phis ranked No. 1. number of ER visits and hospitalizations The study found that asthma sufferers show that asthma in the community is less are affected not only by air pollution but controlled than in other places. by other factors like pollen, secondhand Memphis leaders like Gary Shorb, smoke, high rates of poverty and a large president and CEO of Methodist Le Bon- uninsured population, which are all con- heur Healthcare, have said policy leaders tributing factors to frequent and expensive and health care organizations in Memphis emergency room visits. and across the nation need to find new so- “Environmental quality makes a huge lutions to bring down the cost of providing difference for people living with asthma,” care and better managing chronic condi- said Lynn Hanessian, chair of AAFA’s tions to keep people out of the hospital. national board of directors. “Cities that Many patients with asthma and other continually fail to pass smoking bans are chronic conditions don’t have access to falling behind the curve, as well as cities medications and other types of disease with higher rates of poverty and uninsured management support needed to prevent families.” frequent hospital visits and complications. Memphis residents also have high rates In recent years, ER data was not included of other chronic diseases like diabetes, hy- in the study because it was not available pertension, high cholesterol, arthritis and in a consistent way to ensure researchers

heart disease. Minorities in Memphis also Illustration: Shutterstock could compare data between cities. face greater health disparities in treatment “Higher numbers of ER visits and and access to care, outcomes and mortal- hospitalizations in one city over another ity than elsewhere in the U.S. for many of asthma sufferers. asthma and do not respond to convention- is an indication that there’s a problem,” these same diseases. About 22 million U.S. residents suffer al treatment. People with severe asthma said Mike Tringale, AAFA vice president of The AAFA study assesses asthma from asthma. While some factors that are more likely to have frequent attacks, external affairs. prevalence, environmental risk factors and affect asthma can’t be controlled, such visit emergency rooms and to be hospital- “It’s a sign that asthma in that com- patient medical utilization in the largest as pollen, others, like reducing poverty, ized frequently. munity is less controlled than in other 100 U.S. cities. The foundation hopes to enacting universal smoking bans and “Asthma accounts for approximately places, or that environmental triggers are highlight the many factors that contrib- increasing access to care, can reduce 13 million asthma attacks and 2 million worse, or that patients are not using their ute to asthma quality of life and to help emergency room visits and better control ER visits each year in the U.S.,” said Dr. medications properly, or that emergency patients, doctors and policymakers make the chronic disease. Michael Wechsler, director of the Asthma rooms are clogged with too many asthma informed decisions about prevention, An estimated 5 to 10 percent of asthma Program at the National Jewish Center in patients. … It’s a sign that asthma is more treatment and public policies that affect sufferers have the most severe form of Denver. “500,000 of them result in hos- challenging to control in that city.”

Changing the Fiber of Your Nonprofit

A capital campaign – or any Change can begin with an honest ing costs include money, time, talent and donors while attracting new ones? What other quantum leap in your fundraising assessment of the road ahead. Your resources. You can hire a fundraising con- new policies are needed? What impact – will pull at every fiber of your nonprofit. institution may need to raise money sultant to talk with your leadership team, will new buildings or technologies have These are not “business as usual” activi- for new facilities or technologies. Your or you can begin the conversation on on our operating budget? How will we ties. If you want to grow from one level of nonprofit may need to replace a govern- your own. Questions to discuss include: budget to maintain these? donated revenue to another you have to ment contract or grant Where will the money Open and honest conversations can do things differently. It’s no different than that won’t be renewed. come from? Who could be both sobering and revealing. Most a business seeking to enter a new market In these examples the provide how much? importantly they contribute to organiza- or release a new product. New, more and first step is to identify Can we identify three- tional and financial health. They are an different thinking, actions and people the amount of money times as many potential opportunity to candidly assess your capa- are required for new, more and different that needs to be raised. donors as we will need bilities and options before launching into results. This is the starting to meet our goal? Why a major campaign. When successful, a We know this means more work for point for an important would a donor or funder capital campaign – or any quantum leap MEL & Pearl nonprofits that are often already operat- organizational conver- FUNdraising Good Times want to give? Who in your fundraising – will have a major ing beyond capacity. But you have to find sation. For too many would ask them to give? impact on the life of your nonprofit: you a way to operate differently if you want nonprofits, it is also the How will we organize will have the funds you need to deliver on different results. We are not saying that end point. ourselves? Who will manage and coor- your mission and expand your impact. everything has to change all at once, but Knowing what you need to raise is not dinate our fundraising? What resources the rate at which you engage potential enough. What needs to take place is a will he have available? How will a capital Mel and Pearl Shaw are the authors of donors and funders is the rate at which conversation about “how” the money will campaign impact our annual fundraising? “The Fundraisers Guide to Soliciting Gifts” you will begin to see a change in revenue. be raised, and what it will cost. Fundrais- How will we sustain and grow our current now available at Amazon.com. 12 May 17-23, 2013 www.thememphisnews.com

HEALTH CARE & BIOTECH Hospital Billings Vary Widely

JENNIFER JOHNSON BACKER | The Memphis News

overnment data released for the Centers for Medicare and Medicaid Servic- rising costs. While the Obama administra- tions between what a hospital bills for first time last week showed that es contains bills and Medicare payments tion has said it hopes releasing the infor- the uninsured and commercially insured G hospitals across the nation bill for 3,300 hospitals in 2011 for the 100 mation will lead to greater transparency patients and what it is actually reimbursed, Medicare widely different amounts for the most common treatments and procedures on hospital pricing and pressure hospitals the total payment amount is often subject same procedures. performed in hospitals. The data release to lower their charges, hospital experts to negotiation. At Methodist, McLean St. James Mercy Hospital in Hornell, was widely lauded by consumer advocates, and advocates have said the media has said a recent internal analysis showed 97 N.Y., charged $29,637 for patients who President Barack Obama’s administra- unfairly focused on charges, rather than percent of uninsured patients paid $1,000 received a respiratory system diagnosis tion and health care advocates who said what Medicare actually reimburses. While or less for their care. The hospital system and remained on a ventilator more than 96 the data call into question medical billing those price swings also vary, they tend to conducts a financial screening to assess a hours, while Stanford Hospital in Stanford practices as the nation attempts to curtain have less variation than the charges. Many patient’s ability to pay. Hospital, Calif., charged $929,119. hospital advocates have concluded the “The reality is in this market, they have Here in Memphis, those same price information won’t make medical charges no ability to pay,” he said. swings exist within the market, raising more uniform. The data released by CMS doesn’t ac- questions about how hospitals set prices “This is interesting information, but I count for the length of a patient’s hospital and why they vary so widely. don’t know what it really does to help a pa- stay, regional pricing variations tied to the At Baptist Memorial Hospital-Mem- tient understand how much their bill is go- cost of living, the complexity of a patient’s phis, the fixed price for a major joint ing to cost them,” explained Chris McLean, treatment, capital and supply costs and replacement without major complications executive vice president of finance for many other factors that influence the cost averaged $36,477 per patient in 2011, while Methodist Le Bonheur Healthcare in Mem- of care and pricing. But national experts Methodist Le Bonheur Healthcare charged I am not sure how this phis. “It’s all determined by how their (a said even when those factors are account- an average of $64,976. Saint Francis helps patients make good patient’s) health plan is designed and what ed for the wide range of hospital charges Hospital-Memphis charged an average decisions about their care, their plan pays the hospital, not what the does not explain why one hospital in the of $64,482 for the same procedure and and that’s what bothers me hospital charges.” same region charges vastly more than an- The Regional Medical Center at Memphis McLean said the data will be of limited other hospital. In Memphis, most hospitals billed $59,564. The fixed prices for some to some degree. But there help to consumers who want to select the tend to bill less than the U.S. average – procedures vary more widely than others is still no way“ I’m going to lowest-cost hospitals with the best out- though there are still significant variations both in Memphis and across the nation. At defend where our prices comes and quality of care. between hospitals. Saint Francis Hospital- Saint Francis, the fixed price for patients have gotten. It’s more Hospitals are required to set a fixed Bartlett and Saint Francis-Memphis bill hospitalized with pneumonia without important to understand value of treatment for procedures, but 1 to 2 times the U.S. average, as does The complications averaged $32,085, while just commercial insurance carriers, and MED, but Baptist Memorial Hospital and across town, Baptist Memorial Hospital what your insurance Medicare and Medicaid – which cover low- Methodist Le Bonheur Healthcare bill less charged an average of $15,214 for the same company pays the hospital.” income patients and elderly – all negotiate than the U.S. average. diagnosis. their own payment rates. David Barham, vice president of – Chris McLean The data set released on May 8 by the Executive vice president of finance, Methodist Le Bonheur When there are huge price varia- finance operations and chief financial offi- cer of Baptist Memorial Health Care Corp. in Memphis, said he believes the data is a fair picture of hospital pricing. “We look at this periodically – although ENTREPRENEURSHIP it is dated information – it’s a couple of years old. But we look at this data to see where we are in comparison to our Screwpulp Simplifies Publishing Process competitors and to look for disparities,” he said. “It didn’t shock us to see the results.” Like Barham, Methodist’s McLean said ANDY MEEK | The Memphis News paper, or “pulp” – to create the company’s addition to other work. he wasn’t surprised by the data – but he name. “I managed IT for Fogelman Manage- remains concerned it doesn’t provide the The premise behind Screwpulp is that ment Group and Sacred Heart South- price transparency patients and govern- it’s an e-book marketplace that tries to ern Missions before going ‘all in’ with ment officials are seeking. ith a name like Screwpulp, it’s make it easy and profitable for anyone Screwpulp at the beginning of the Seed “I am not sure how this helps patients not hard to figure out how the to publish their material. Participating Hatchery accelerator program,” Billings make good decisions about their care, and Wfounders of the startup feel authors maintain their rights and keep said. “I like to think that I bootstrapped that’s what bothers me to some degree. But about the current state of the publishing 75 percent of their revenue. From the my life.” there is still no way I’m going to defend industry. writer’s side, it involves uploading a book Screwpulp’s designer is Will Phillips, where our prices have gotten,” McLean Screwpulp is one of six companies onto the site, along with a short biogra- who has worked as a designer for about said, referring to hospitals in general participating in Seed Hatchery, a tech- phy and any links the writer might wish seven years. He started his career moon- and not Methodist specifically. “It’s more focused business accelerator for high- to use to help market themselves. lighting as a designer, taking whatever important to understand what your insur- growth companies that wraps up its third The venture launched with four jobs he could while working a part-time ance company pays the hospital.” season this month. Richard Billings is the books. After four days, Screwpulp had 14 job at a signs and graphics shop. McLean and other hospital executives founder of Screwpulp, which he and his books on its site and 180 users, and the After a year or two of that, he started across the country said the data might team have built to help writers do an end books had been downloaded 65 times freelancing full time, working for himself force some hospital systems to make run around traditional publishing outlets. within the first few days. and taking care of clients large and small adjustments to their billing charges. But The company a few days ago The company’s founders thus think from around the country. that’s still unlikely to change Medicare launched its beta e-book marketplace. they’ve hit on something. “Since the beginning of last year, reimbursements or to directly impact the And Thursday, May 16, Screwpulp will After high school, Billings spent two I've worked for archer-malmo as a Web rates patients pay for medical services. join fellow Seed Hatchery companies in years in the military and later worked designer working with the creative team Medicare does not actually pay the making a pitch to investors to try and as an intern at WMC-TV Channel 5 for focused on interactive design for projects amount a hospital charges but instead secure follow-on funding. a documentary project about Memphis with national clients like Pfizer Animal uses a system of standardized payments The venture takes its name in part music. He’s also worked as a photogra- Health, Valent, Palm Beach Tan, and Fe- to reimburse hospitals for treating specific from the screw press, the first printing pher and as an on-air personality on the dEx,” Phillips said. “And for the past year, conditions. While CMS pays a standard method that allowed for books to be morning show of the original iteration of I've partnered with Screwpulp, helping wage-adjusted rate across the nation, made with moveable type in large quanti- 96X. His career also has included pro- to establish the brand and build an in- teaching hospitals and hospitals that treat ties. That “screw” is combined with what viding news reports to WREC 600 while novative new experience for authors and more poor and elderly patients receive a the book industry is moving away from – teaching himself about computers, in readers.” little extra from Medicare and Medicaid. www.thememphisnews.com May 17-23, 2013 13

GOVERNMENT Property Tax Complicates Sales Tax

BILL DRIES | The Memphis News

hether it is a tax hike or a tax City Council budget The remaining $20 million in revenue ton) calls it an even rate or even collec- rate hike, Memphis Mayor A C would be used for a 20-cent property tax tions. I call it a tax rate increase and that’s WWharton Jr.’s proposed 28-cent committee chairman rate rollback. where the battle will be.” increase in the city property tax rate has Like Flinn and Strickland, council Flinn acknowledges a $28 million drop complicated the idea of a half-percent city discusses issue on member Lee Harris was also critical overall in revenues from the property reappraisal sales tax hike to go on the ballot later this of the administration’s budget priorities that has to be made up just to produce the year if the property tax hike sticks. WKNO-TV show but charted a position closer to the middle same amount of revenue the city now gets That’s according to the two City year when the property tax question will on the property tax rate. from the existing $3.11 property tax rate. Council members sponsoring the ballot have been settled. “I want to hear them articulate a vi- But he adds that some taxpayers would question. Both say it is incumbent on the council sion of where they are going to take their pay more in taxes with a 28-cent increase “We were operating under the assump- to approve a property tax rate that is below division and where they are going to take in the tax rate. tion that the mayor was going to propose the $3.39 rate that Wharton has said is a the city,” Harris said of division directors “You get to what we know now is a 2.3 a budget at $3.11 – not raise our tax rate,” “continuation” budget that only restores who are making their cases to the council percent decrease in property values. You said City Council budget committee revenue lost in the 2013 property reap- budget committee. “So, right now I’m not also have to put in there 3.5 percent for ap- chairman Jim Strickland on the WKNO-TV praisal for taxation purposes. satisfied. I’m not going to do a double peals,” Flinn explained. “You are looking at program “Behind The Headlines.” “If taxes go up on the property side whammy. A double whammy for me is a a 7.2 percent increase or about $28 million. “We knew the county was going to then it appears to any rational voter that tax hike and people don’t get the govern- If you’re looking at your new assessment raise the tax rate,” he said. “And then the we are just playing shell games with the ment that they want.” and you didn’t go down 7.2 percent or city would raise the tax rate and then a few money,” Flinn said of a move to increase Hearings by the City Council budget more, it would be a tax increase for you. We months later, we would ask the citizens to the sales tax rate for the city and then roll committee resumed Tuesday, May 14, at know commercial properties went up in raise their sales tax rate. I’m not so sure the back the city property tax rate after the City Hall. The Tuesday afternoon sched- the valuation.” city would vote for that.” property tax rate has increased. ule includes a look at the 2013 property Harris puts himself in the middle of a The program, hosted by Eric Barnes, Meanwhile, in his April budget address, reappraisal, which saw a drop in prop- council divide between a tax increase and publisher of The Daily News, can be seen Wharton pushed the idea of a half-cent erty values. The drop has forced city and a tax rollback in a series of rollbacks the on The Daily News Video, www.memphis- sales tax hike emphasizing that $27 million county governments to consider higher council approved starting in 2008. dailynews.com of the estimated $47 million in new rev- certified property tax rates to make up for “I think both camps are right. I think Strickland and fellow council member enue it would create would fund an expan- the revenue lost by the reappraisal with the we are spending a lot of money in places Shea Flinn delayed a vote on third and sion of pre-kindergarten in the city with a existing property tax rates. we shouldn’t be spending it and think we final reading of the referendum ordinance program independent of the countywide “I count a tax increase as anything over should be redirecting some of that money until after the July 1 start of the new fiscal school system. our $3.11 tax rate,” Strickland said. “(Whar- to some services,” he said.

Home Owners in Memphis & Shelby County: You can appeal your property taxes. www.ShelbyTaxAppeal.com

Order Your Tax Kit Today to Receive: • Recent comparable home sales including photos. • Neighborhood Profile Report providing an overview of all sales and Don’t miss foreclosure activity for your neighborhood over the past 4 years. the deadline • Foreclosure Effect Report showing possible negative impact of to appeal. foreclosures in your area. • Step-by-Step instructions for filing your appeal.

Call 901.458.6419 Powered by Chandler Reports Enter Coupon Code PRINT2 to save $5.00 www.chandlerreports.com 14 May 17-23, 2013 www.thememphisnews.com

REAL ESTATE & DEVELOPMENT City Enticing FBI to Move Downtown

AMOS MAKI | The Memphis News

FBI looking for almost ing foster a “profes- with Pinnacle Airlines Morris, who praised Cohen’s efforts sional image.” vacating 170,000 on behalf of Downtown, also noted 100,000 square feet The General square feet at One the seeming conflict between the FBI’s Services Administra- Commerce Square requirements and the executive order with 20-year lease tion, which handles and the state of Ten- directing the GSA to favor locating federal real estate for the nessee’s decision to offices in central business districts. to begin in 2015 federal government, leave the Donnelley “Sometimes you have too many rules was seeking a 20-year J. Hill State Office and you can’t comply with them all at the lease to begin in early Building. same time,” Morris said. ity leaders are attempting to bring 2015. “Downtown has Because of the slow wheels of a gov- the FBI Downtown. The solicita- been federal policy ernment dealing with funding cuts known C The FBI is searching for a sig- tion, which required for years and it’s as the sequester, which has put many nificant amount of office space and local 95,580 square feet, been federal policy government spending plans on hold, it is leaders, including U.S. Rep. Steve Cohen, essentially covers all to locate in central unclear when a decision will be made on D-Memphis, are urging the law enforce- of Memphis. business districts,” the FBI office. ment agency to locate Downtown. The FBI occupies said Cohen, who has Still, Morris said that isn’t stopping the To snare the FBI, officials would need East Memphis office been working on the Downtown agency from trying to posi- to locate a Downtown property that space at the Eaglec- COHEN issue. “While the FBI tively position Downtown. adheres to seismic standards, setback rest 1 office building has security concerns “Our goal is to not just react but to needs, security concerns and a slew of at 225 N. Humphreys I believe they could proactively plan how to make our Down- other requirements outlined by the FBI in Blvd., behind Christian Brothers High be met Downtown and should be sought.” town a viable option,” Morris said. “You a solicitation first posted by the General School and adjacent to Baptist Memorial Downtown Memphis Commission have got to take some steps to plan ahead Services Administration in December. Hospital-Memphis offices. President Paul Morris said his agency has to make the project work.” The General Services Administration Cohen, citing federal policy and an been working on the issue closely with It isn’t just the local FBI office that solicitation said the FBI wanted to be executive order first signed by former the GSA, which he described as “extreme- could be moved. located in “an office, research, technology President Jimmy Carter that was designed ly responsive.” The GSA also posted in December a or business park that is modern in design to halt federal flight to suburban loca- “We’re working with them to help Request for Information to build a new, with a campus-like atmosphere” or an tions, would like to see the FBI move work through any challenges that might state-of-the-art FBI headquarters to “attractively landscaped site” that appears Downtown. prevent them from locating Downtown,” replace the J. Edgar Hoover Building near “professional and prestigious” while help- That’s where officials are grappling Morris said. the White House.

@ MemphisConnect earnings TruGreen Drags Down ServiceMaster Earnings

BILL DRIES | The Memphis News senior partner of the private equity firm that bought ServiceMaster in 2007. Sometimes you can live somewhere your Mullany struggled for two years with ServiceMaster’s TruGreen lawn care whole life and never know the full story. he ServiceMaster Co. saw operating business. He began his tenure as CEO in revenue and operating income de- March 2011 with a new head for the Tru- Tcline during the first three months Green division in an attempt to transfer of 2013. The Memphis-based commer- practices from the Terminix division to cial and residential service provider and TruGreen and an overhaul of sales strate- MemphisConnect.com franchiser reported a 7.1 percent drop in gies. Nevertheless, at the end of 2012, operating revenue compared to the first ServiceMaster as a whole reported an is your guide to local culture, arts, living and quarter of 2012 and an 83.2 percent oper- unaudited operating loss of $532.8 million ating income decrease from a year ago. on operating revenue of $3.1 billion. all things Memphis. The earnings call with analysts from For the last quarter of 2012, operat- the company’s Memphis headquarters ing revenue for ServiceMaster grew 5.2 Tuesday, May 14, was the first for interim percent when TruGreen’s results were CEO John Krenicki Jr., who termed the separated out. Q1 results “disappointing” and attributed “The path forward for us starts with much of the performance to the TruGreen putting our customers first, executing and lawn care division of ServiceMaster. implementing the turnaround agenda at He called the company’s problems TruGreen,” Krenicki said. “self-inflicted wounds.” During the call, Krenicki told analysts, ServiceMaster reported operating rev- “We will fix TruGreen and make Service- enue of $608 million for the first quarter Master a better company at the same of 2013 and operating income of $20 mil- time. TruGreen is a painful lesson for all of lion for the same period. us and is not to be repeated.” Krenicki, who assumed the interim David Alexander, the president of position April 13 following the resignation TruGreen since December, told analysts of CEO Hank Mullany, is the chairman of the problem with TruGreen has been “a For Memphis ServiceMaster Global Holdings Inc., the product offering that wasn’t getting the By Memphians parent company of ServiceMaster and a job done.” www.thememphisnews.com May 17-23, 2013 15

employment New WIN Director Looks To Broaden Program

BILL DRIES | The Memphis News

Naomi Earp brings impressive resume to Workforce Investment Network program

he new director of the local Work- (Economic Development Growth Engine) that will be coworkers,” Earp said. force Investment Network program and others to match the workforce with Adding an emphasis on ex-felons as T wants to take the employment- the jobs in the area.” part of WIN is a foray into another city pro- training program a step further by broad- Franklin’s tenure saw partnerships be- gram that has had its past problems. And ening its impact and continuing to work tween employers, like Electrolux and Blues Earp emphasized it won’t be a wholesale closely with employers. City Brewing, and Southwest Tennes- entry into re-entry. Naomi Earp is former chair of the see Community College to train workers “It’s been a WIN function, but what Equal Employment Opportunity Commis- specifically for jobs at both. The training we’re going to try to do is make it a very sion, leaving the post in June 2009. She was programs were a reaction to initial pools strategic initiative,” she said. “What I’m go- appointed to the EEOC by former Presi- of applicants that were found wanting by ing to try to do is have a more strategic and dent George W. Bush in 2003 and became both companies. leveraged use of the resources. It’s been chairwoman in 2006. President Barack WIN convinced them that with train- around but somewhat fractured. We want Obama made Earp acting EEOC chair- ing, the search for the right workforce is a to try to build a solid program around it.” woman when he took office in 2009. matter of specific job-ready training and From her time in Washington dur- From there she was director of the not a general search or appeal for workers. ing the change of administrations from office of opportunity, inclusiveness and “Training a person can sometimes cost Republican to Democratic, Earp is also compliance for the Library of Congress. five times more than just keeping some- familiar with the uncertainty of continued She came to City Hall a year ago this body who is already there, even if they are federal funding. month as the city’s equal employment op- not very productive,” Earp said, talking of “I think federal funding is always at portunity labor relations coordinator and the Electrolux experience that will include risk of being reduced,” she said. “But there became supervisor of the labor relations adding another 300 or so employees by the are priorities that every administration division. She described the posting as “trial end of 2013. is committed to: long-term unemployed, by fire.” “They had a very, very vested inter- dislocated workers, workers that are trade earp “It was not just the daily grievances est in making sure that the people they impacted. I think those elements of our and complaints,” Earp said. “Getting brought on came in with not just the program will be around both from the geared up for negotiations and contract Earp said the organization has been technical understanding but some cultural state and its support and the federal gov- talks just required an incredible amount of recovering from audits by state and federal understanding of how that corporation ernment and its support.” organization and savvy.” overseers critical of a lack of accountability operates.” A long-term goal is to find other fund- Earp follows attorney Desi Franklin at including a lack of pay receipts and work Human resources executives and other ing sources for the training programs, WIN, whom she credits for bringing WIN records. Electrolux supervisors are part of the class- which are now in some cases supported by out of “tumultuous times with the state “Desi spent much of her time right- room experience in the training programs the employers. and federal governments threatening to ing the ship,” Earp said. “My job at this at Southwest. “I wouldn’t rule out some kind of fee take back all of the funds.” point is to take WIN to the next level – to “By the time one of our participants, for service,” Earp said. “I wouldn’t rule out WIN is not a city program, although perfect our strategic plan, to begin some who may have been unemployed for a year the ability to get additional grants from Memphis Mayor A C Wharton Jr. appoint- very concerted work on one of the mayor’s or more gets through the industrial readi- foundations. We’re just going to try to ed both Franklin and Earp. It is a federally priorities which is a solid re-entry program ness training at Southwest, they have al- think outside the box and see what ways and state-funded program that covers for ex-felons and for us to continue to be ready begun to bond with employees from we can improve and increase our income Shelby and Fayette counties. partners, to sit at the table with EDGE Electrolux and with other class members streams.”

absolutely essential, but it certainly makes More Tips on Selling the Business the business relationship work better. n Assemble a great bench of advisors. I’d like to offer a counterpoint these tactics. However, most investors/ most frequent spoilers of these transac- The entrepreneur should be surrounded to a recent Daily News column that I buyers – those who are correctly sourced tions. The entrepreneur with the next with people that are trusted, respected presented a slanted view of the process by business owners – are fair, reasonable multimillion-dollar idea or business plan and who have done this before. The lawyer, used by investors to acquire the busi- and prudent. Correct sourcing is the key. but without the funds to properly com- accountant, investment banker (if the ness of an entrepreneur (April 19, Tips on Finding the path to the community of mercialize it simply must keep it real when transaction size is sufficient), friends, and Selling the Business: Games Buyers Play). qualified, respectable buyers is the job of negotiating for investment capital. This mentors all have roles. The column portrayed business buyers the entrepreneur. The goal is to present doesn’t necessarily mean accepting less On occasions, it may be right to set-up as being clever and cunning. It the business offering to those money or giving up too much equity. It an auction for a company sale, or to limit implied that buyers lure naïve, bob king who come from referrals or does mean using a professional intermedi- exclusivity to 30 days, or to require a big unsuspecting entrepreneurs guest column through reputable networks ary if necessary. deposit that is forfeited if the deal busts into a black hole and ultimately that provide an opportunity for n This is not a game. Real money is at as the April 19 column suggests. But don’t to a buyer favored deal at the expense of checking credentials. Here are rules for the stake by the investor/buyer. A career, repu- automatically adopt these seller tactics. you know who. The column suggested business owner seeking capital or a sale: tation, life’s work, blood sweat and tears … Let your trusted advisers guide you. Each that buyer tricks such as “premium price n Be prudent. Do not engage with the all of this is at stake by the entrepreneur. transaction is different. offers” and the promise of a “fast track to party who just knocks on the door or falls This is serious business, so if the other And above all, remember that this is closing” pave the way to an extended beat from the sky without first validating their side ever starts “playing games,” call a not a game! down of the weary seller. authenticity as a reputable investor/buyer. technical foul. Bob King is co-founder of SEACAP There are of course some aggressive n Keep it real. Unrealistic expectations n Look for good chemistry. Having Financial. He can be reached at bob.king@ players out there who intentionally use regarding value and/or control are the good vibes with the investor/buyer is not seacapfinancial.com. 16 May 17-23, 2013 www.thememphisnews.com

sports

basketball Grizzlies Scratch, Claw, Grit And Grind Way Into Conference Finals

DON WADE | Special to The Memphis News

Team makes franchise history by getting past second round after eliminating Oklahoma City

is team had just overcome a scratched and clawed. They survived the its marketing laboratory. Oh, sure, maybe he repeatedly calls him “Tony Smith.” 17-point first-half deficit and inevitable late Thunder run and a crowd if the team was based in New York or L.A. But there does come a point when the Hbeaten Oklahoma City in over- trying to carry its superstar (Kevin Du- or even Chicago, they could get behind small-market wonder cannot be ignored. time to win Game 4 and take a command- rant) as he tried to carry his team. the all-for-one and one-for-all mentality And that point has come for the Grizzlies. ing 3-1 lead in their best-of-seven Western Durant was 5-for-20 on the night from the season’s start and consider it a Conley is on the cover of Sports Illustrat- Conference semifinal series. So someone when he shook Tony Allen just long worthy narrative. But not when it origi- ed, albeit the regional edition, and the SI asked Grizzlies coach Lionel Hollins if he enough to fire an open jumper. But it was nates in the league’s second-smallest TV story on the postseason’s “biggest sleeper” was impressed. too strong and there was Allen racing in market. carries a fitting headline: “True Grit.” “I’m very impressed. We scratch. We for the rebound and then getting fouled Plus, the Grizzlies’ success requires The league’s coaches recently voted claw. They say grit and grind. (But) I don’t and sinking two free throws to seal the explanation. In a 140-character Twitter Allen All-Defensive first-team and Conley know what the heck that means,” Hol- victory and send the Grizzlies to their world, no one has time for explanation. and center Marc Gasol second-team; lins said, flashing his trademark smile of first-ever conference finals. Especially not if it involves a team relying media earlier selected Gasol the NBA annoyance. “We compete. We were not “All heart, grit and grind,” point guard on its “bigs” and playing hard in the ano- Defensive Player of the Year. For decades, the most talented team in the playoffs Mike Conley said in a courtside interview nymity of “flyover” country. Better to see we took as gospel the line that “defense when we started out. We’re not the most after the game when asked how the Griz- a superstar, ideally from the coast, lifting wins championships.” But in recent years, talented team left in the playoffs, but we zlies went from the team that lost in seven his team. You don’t have to expend energy and across all major pro sports, we have go and compete.” games to OKC two years ago to a team learning the names of the role players worshipped at the altar of offense. Do they ever. The Grizzlies closed the now one round away from the NBA Finals. or even guys in the starting lineup not The Grizzlies’ defense, which for door on this series with an 88-84 win in It’s a compelling storyline. Yet the named LeBron James or Dwyane Wade. most of the year was the league’s stingi- Game 5 Wednesday night at Oklahoma modern NBA would not, if given the Which perhaps explains why even as est, is rooted in a collective commitment City. They competed and, yes, they choice, invent a team like the Grizzlies in TNT’s Charles Barkley praises Tony Allen, and in those moments when pure effort

Memphis Wins With Tony Being, Well, Tony

Had things turned out but two points. Durant got the ball and inexplicably flying out from underneath differently, we would know too well Rule tried to go right. Allen stopped that and said cape? To be sure, he would be a 12, Section V, item a, from the NBA who knows what went through Durant’s Superhero of the people. His Kryptonite rulebook: mind at that moment? The 15 shots he would be a wide-open jump shot … or a “An official may assess a technical already had missed this night? Allen normal conversation … or having to sit foul, without prior warning, at any time. THE PRESS BOX causing a key turnover at the end of still. A technical foul (s) may be assessed DON WADE another game in this series? A while back I wrote a story about to any player on the court or anyone Durant managed to create space to Allen. I asked him about his All-NBA seated on the bench for conduct, which two-point lead at the start of the fourth his left, and get a “good look” from 17 first-team defense, his missed, uncon- in the opinion of the official, is detrimen- quarter. feet out, but his shot carried too far and tested, layups, the whole crazy combi- tal to the game. The technical foul must Call it a natural disaster on the bounced off the iron. Allen grabbed the nation of his game that adds up to what be charged to an individual.” plains: Tornado Tony. rebound, and redemption, as he was I like to call the Tony Allen Equation – a Layman’s translation: If Tony Allen is Asked in the post-game press con- fouled and then knocked down two free winning formula that is impossible to acting all crazy on the sideline, wav- ference what he said to Allen after the throws to complete an 88-84 Grizzlies define in any sort of new metrics way, ing a white towel, and a blue warm-up play, Grizzlies coach Lionel Hollins had victory that sent them to their first but that is just as impossible to deny. shirt flies out of the towel and on to the a rather reasonable answer: “What the conference finals in the franchise’s 18- “For the most part,” Allen told me, court while Derek Fisher is shooting a hell are you doing?” year history (don’t forget all that losing “I’ll help you more than I hurt you.” 3-pointer, the shot will count as good Zach Randolph and Mike Conley back in Vancouver that pre-dated all the Nothing about that in the NBA (though Fisher missed it), Allen will be each mentioned something about want- losing here). rulebook. given a T, and Kevin Durant will make ing to choke The Grindfather. Yet even Allen, as he often is when given the But in Memphis, it might as well be the free throw for a four-point play. before Allen made amends, there was opportunity, was huge down the stretch law. This is exactly what happened late in a perfect line on Twitter from @Awillis- for the Grizzlies. Conley said Allen the third quarter of Game 5 at Okla- BigAl: “Tony Allen gives up more points “saved” the Grizzlies. Z-Bo called Tony Don Wade’s column appears weekly homa City. It downsized the Grizzlies’ while he’s on the bench then he does his “hero.” in The Daily News and The Memphis 11-point lead to seven points and was when he’s on the floor.” Just what would Tony Allen the News. Listen to Wade on “Middays with the wind propelling a 13-4 Thunder Fittingly, it would be Allen guarding Superhero look like? Would he have a Greg & Eli” every Tuesday at noon on run that left the Grizzlies with just a Durant at game’s end, the Grizzlies’ lead cape on his back, a blue warm-up shirt Sports 56 AM and 87.7 FM. www.thememphisnews.com May 17-23, 2013 17

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makes up for everything else. Allen, aka The Grindfather, might be the only one who calls himself a “thirsty dog,” but it describes them all at one time or another. So no, the Grizzlies are not the most talented team in these playoffs. And if they advance to the NBA Finals, where in all probability they would face the Miami Heat, they would be the second-most talented team in a season that only has two teams left. But that’s OK. Hollins, in describing Zach Randolph’s 28-point and 14-re- bound performance in Game 5, said Z-Bo “came out snorting and grunting from the beginning.” Perfect. Snort and grunt, grit and grind, scratch and claw … say it however you want to say it. It all adds up to the same thing: You kick the NBA’s “biggest sleeper” at your own risk.

The Memphis Grizzlies held Oklahoma City star forward Kevin Durant to 21 points on 5-of-21 shooting and elimi- nated the Thunder in the second round of the Western Conference playoffs. The Grizzlies moved on to the conference finals where they will face either the San Antonio Spurs or Golden State Warriors. AP Photo: Sue Ogrocki 18 May 17-23, 2013 www.thememphisnews.com

COVER STORy

UNDER THE MICROSCOPE Drug discount program used by local hospitals facing scrutiny

JENNIFER JOHNSON BACKER | The Memphis News

Center at Memphis, Planned Parent- A little known federal program widely used in Memphis to provide hospitals hood Greater Memphis Region and St. Jude Children’s Research Hospital also and health centers that treat the nation’s most vulnerable patients with hefty are enrolled in the 340B program. But as 340B has ballooned to more discounts on outpatient drugs is under scrutiny from Congress, regulators and the than 16,500 participating organiza- tions as of July 2011, about double the pharmaceutical industry. number reported in 2001, according to federal data, the program has come under fire by the pharmaceutical industry, which wants to curtain drug The program, known as 340B, Discount Program to provide greater executive vice president of finance for discounts and narrow the program’s requires drug companies to provide access to cancer care for low-income Methodist Le Bonheur Healthcare in scope. On the other side, hospitals 20 to 50 percent off specific outpa- patients and the community. Only Memphis. and other providers of public health tient drugs to hospitals and other hospital-affiliated oncology practices “This isn’t new, but it did expand services have said they might have public health providers that treat qualify for 340B, which played a role dramatically when we formed our to eliminate services without the the uninsured. While voluntary, drug in the partnership between the two partnership with The West Clinic.” program. 340B providers have been makers agree to participate in 340B to organizations in January 2012. Meth- The drug discount program also is urging the government to step up do business with Medicaid, a federal odist already had participated in the used extensively in Memphis beyond its oversight of how drug makers are and state program that helps provide program for about eight years prior to Methodist and The West Clinic. Data complying with the program. health care for the poor, elderly, dis- the partnership. from the Health Resources and Ser- One pharmaceutical industry abled and blind. “We’d been doing it, but it was vices Administration, an agency of the contention is that providers partici- In Memphis, organizations like at a much lower level because we U.S. Department of Health and Hu- pating in 340B can purchase drugs at Methodist Le Bonheur Healthcare had very limited outpatient chemo- man Services, show that other organi- the discounted prices from the drug and The West Clinic, an oncol- therapy infusion services happening zations like Christ Community Health makers regardless of their income ogy practice, rely on the 340B Drug at our hospital,” said Chris McLean, Services Inc., The Regional Medical or insurance status. Many organiza- www.thememphisnews.com May 17-23, 2013 19

tions, including The West Clinic and hospitals use the 340B program to filiate with hospitals because of the clusively to improving cancer care in Methodist, generate revenue through help the uninsured receive affordable Affordable Care Act and 340B drug our community,” Schwartzberg said. a patient’s insurance reimbursement prescription drugs.” discounts. 340B revenue also is used to and Medicare by pocketing the differ- Much of the tension between “Doctors employed by these hos- directly fund cancer care for indigent ence between what they pay for the hospitals and the pharmaceutical in- pitals now have access to these 340B patients, who have often foregone drugs and what they are reimbursed. dustry revolves around the program’s discounts,” he said. “Drugs that, say, treatment because they didn’t have A February 2013 report authored original intent. Hospitals and HRSA in the past would have been used by the ability to pay for expensive cancer by trade groups representing the say 340B’s scope stretches far beyond a hospital are suddenly being used by drugs, he explained. Additional 340B pharmaceutical industry raised physicians who are affiliated by the funds contribute to building a com- concerns that the program needs ad- hospital – possibly treating patients prehensive cancer center for Mem- ditional oversight and transparency who aren’t even indigent.” phis, which will be jointly adminis- and that some providers are using the 340B was created to lower costs tered by the West Clinic, Methodist program to generate revenue, rather for the government by shifting funds and the University of Tennessee than helping poor patients. from drug companies to hospitals Health Science Center. The number of hospitals partici- that treat low-income people, Her- “We’ve always served the unin- pating in the program nearly tripled rick said. That’s created tighter profit sured at Methodist, but we never even to 1,673 in 2011, compared with 591 margins for pharmaceutical manu- dreamed that through this partner- in 2005, according to a 2011 report facturers. ship we would actually attract some by the Government Accountabil- Doctors employed by But hospital experts like Meth- patients that were uninsured because ity Office, the investigative arm of these hospitals now have odist’s McLean say 340B makes up we figured they would have come Congress. By some estimates, 340B access to these 340B a very small portion of revenue for to us anyway,” McLean said. “But drug purchases could double from $6 discounts. Drugs that, drug makers. “It isn’t like they are the reality is that they can’t get to us billion annually in 2010 to $12 billion selling these drugs to us at a loss,” unless they come through a medical by 2016. say, in the past would he said. “Many times they are selling oncologist.” “These figures raise critical have been used by a these drugs to us at prices equal or McLean said they’ve found many questions about the growth of the “ even above what they are selling the patients didn’t get their cancer di- hospital are suddenly 340B program, how the program has being used by physicians same drugs over in Europe and other agnosed until too late because they evolved, and whether the changes who are affiliated by countries.” didn’t know how to access and navi- that have occurred over the years are After a federal audit last year, The gate the system. consistent with Congress’ intent in the hospital – possibly New York Times reported 271 treat- “I think like any other program creating the program,” the authors treating patients who ment locations belonging to 85 hos- there may be particular instances of the pharmaceutical industry trade aren’t even indigent.” pitals were removed from the 340B around the country where the pro- report wrote. discount program. gram is not used as intended, but I – Devon Herrick Sen. Chuck Grassley, R-Iowa, and Senior fellow, National Center for Policy Analysis Some hospitals that lost program think our particular situation is com- other conservatives also are calling eligibility are in a perilous financial pletely consistent with the way 340B for closer scrutiny of the program, situation. Carl Martin, CEO of More- was designed to be used for a dispro- which they say suffers from lax rules head Memorial Hospital in Eden, portionate share hospital that serves and regulation. Grassley has asked N.C., earlier this month told The Busi- the entire community,” Schwartzberg the agency in charge of the program, providing affordable medicine to ness Journal of the Greater Triad Area explained. the Health Resources and Services uninsured patients. Rather, HRSA the hospital posted a $1.4 million Both McLean and Schwartzberg Administration (HRSA), about its says the program, which dates to deficit at the end of its second quarter say they aren’t worried about more oversight of the program. 1992, allows participating hospitals to in March after losing 340B eligibility. regulatory scrutiny because they In a May 8 press release, the stretch scarce federal resources as far Lee Schwartzberg, medical direc- believe their use of the program falls senator’s office wrote that, “certain as possible, reaching more patients tor of The West Clinic, and Method- squarely within the program’s guide- hospitals appear to be making size- and providing more comprehensive ist’s McLean, say they partnered for lines. They say they have called on able profits from the program at the services. reasons that go far beyond the dis- legislators to make sure 340B program expense of Medicare, Medicaid and Drug makers and their allies counted drug program, but that 340B rules are clear and that there are no private health insurance.” have argued the program has a more provides funding for services that are abuses happening anywhere in the “… Congress needs a full picture narrow scope: to provide discounted needed for effective cancer care that nation. But overall, they are confident of how hospitals are using the pro- drugs to the poor. are not traditionally funded by insur- they are using the program properly gram and how their uses affect other Devon Herrick, a senior fellow ance carriers or the government. The and that it benefits the Memphis programs in the health care system,” with the National Center for Policy additional funding provides patients community. Grassley said in a prepared statement. Analysis, a conservative think tank, with access to services like naviga- “If the entire program changed, “Congress needs to know the extent says the number of eligible 340B tors, nutritional support, counseling that would change things,” Schwartz- to which the agency believes it lacks entities has grown as more health groups, and survivorship programs. berg said. “But I think that is very the statutory authority to ensure that care providers have incentives to af- “Our 340B funds are devoted ex- unlikely.”

THE 35TH ANNUAL Superman Celebration JUNE 6 - 9, 2013

For more information, call the Metropolis Chamber of Commerce at 800.949.5740 or at www.supermancelebration.net or www.metropolistourism.com

SUPERMAN and all related characters and elements are trademarks of and © DC Comics. (s13) 20 May 17-23, 2013 www.thememphisnews.com

news

Entrepreneurship ZeroTo510 Begins New Season

ANDY MEEK | The Memphis News

Startup accelerator sends six teams of entrepreneurs through 12 weeks of intensive instruction

r. Steve Bares, president and ex- Applicants from around the country year made the final selection a challenge, tools they need to build a business that ecutive director of the Memphis and two international applicants vied but that’s par for the course. will grow over time. DBioworks Foundation, is clear- to participate in the program, the name ZeroTo510 works with people expe- Each ZeroTo510 company gets eyed and unequivocal about what success of which alludes to the goal of helping rienced in their fields who tend to have $50,000 in initial seed capital from Innova looks like for the startup accelerator pro- participants achieve the critical U.S. Food practical ideas about what the mar- and Memphis-based venture capital gram his foundation operates and which and Drug Administration 510(k) pre-mar- ketplace will accept in the way of new firm MB Venture Partners. The program launched its new season this week. ket notification filing. As in, the compa- products. culminates with Demo Day on Aug. 8. “You can measure us by the attention nies are going from zero to the 510 filing. It’s just a matter of sculpting those That’s when the participants will pitch to we get, or you can measure us by whether It’s operated by Bioworks and In- participants into entrepreneurs in charge a group of investors. we get companies funded,” said Bares nova – a co-investor in ZeroTo510 – and of companies. Finalists chosen at that point could about ZeroTo510, the foundation’s medi- the program is an initiative of the Greater “Because of the globally significant get as much as $100,000 in additional cal device company accelerator that has Memphis Regional Accelerator, a program medical device industry here in Memphis, capital and the opportunity to further begun its second season. “We’re trying funded by Launch Tennessee and the we are able to get these startups in front develop their business. to build businesses and commercialize state under Tennessee Gov. Bill Haslam’s of decision-makers and mentors who One of the companies in the inaugu- ideas. And in this business of scalable INCITE initiative. can help guide them to success,” said ral cohort of ZeroTo510 in 2012, Restore startups, if you don’t get funded – all of INCITE is a program that supports Jan Bouten, a partner at Innova and a Medical Solutions, completed the pro- this is just a party.” innovation around the state, and it’s also ZeroTo510 adviser. gram with a full round of Series A venture ZeroTo510 kicked off its new season an acronym that stands for Innovation, Bares said the program’s mission funding, and four others got follow-on – which will send six teams of entrepre- Commercialization, Investment, Technol- could be sliced into three components: funding of $100,000 each. neurs through 12 weeks of intensive, ogy and Entrepreneurship. inspiration, funding and growth. Six teams will participate in Zero- mentorship-driven instruction and Allan Daisley, director of entrepre- It’s about lining up companies with To510’s 2013 cohort: AIS Inc.; Better Walk; hands-on activities – with a low-key open neurship and sustainability for Bioworks, the best ideas, putting them in front of Cuff-Gard; Health and Bliss; Mobilizer; house event. said the high quality of applicants this potential investors and giving them the and SurgiLight.

At the FedEx St. Jude Classic.

COME PLAy tpc southwind | June 3-9 stjudeclassic.com

FESJC-0030 Print MN 4.875X7 Relaxed v1.indd 1 3/25/13 1:07 PM www.thememphisnews.com May 17-23, 2013 21

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GOVERNMENT Luttrell Proposes Tax Hike For Schools Funding

BILL DRIES | The Memphis News

County mayor suggests tax increase to give consolidated school system $35 million in extra funding

helby County Mayor Mark Luttrell is Luttrell's original budget proposal. mated recertified tax rate would also go to Commissioner Wyatt Bunker argued proposing a $4.38 county property Luttrell proposed Wednesday that the schools. the schools funding package is bad strat- Stax rate including a 6-cent tax hike the extra $11.6 million in county revenue Luttrell is also advocating that the egy for a school system he still believes is above the higher certified tax rate for the school board approve $5 million to $7 top heavy with administration. new fiscal year that begins July 1. million from its reserves funds for most of “You’re showing your hand before the That, along with several other fiscal The rate with the tax rate the rest. school system or anyone has ever present- moves, would give the consolidated school hike and the tax hike for a Passage of the bundle of interlocking ed to us,” Bunker said. “The school system system the nearly $35 million in extra financial moves is by no means guaran- still needs to justify their budget. If you funding in the school system’s still-tenta- total rate of $4.38 is below teed based on reaction from commission- lay aside $20 million for schools and the tive budget. the 10 percent level that ers in Wednesday’s committee session. school system hasn’t even come up here, Luttrell presented his proposal to would require a two-thirds The rate with the tax rate hike and the they pretty much know what figure they’ve Shelby County Commissioners Wednes- or nine-vote majority on tax hike for a total rate of $4.38 is below got to get to.” day, May 15, during committee sessions. the 13-member County the 10 percent level that would require a Luttrell made much the same point The other elements of the proposal two-thirds or nine-vote majority on the last year in his opposition to a countywide include increased revenue projections for Commission. 13-member County Commission. sales tax hike ballot question that was the new fiscal year of $11.6 million. The Commission Chairman Mike Ritz has defeated. He argued the school board had new revenue projections mean producing said, and Luttrell has concurred, that there not made its case for more funding. the same amount of revenue for county projected go to the schools budget. And probably are not the required nine votes “We’re not suggesting setting it aside,” government after the 2013 property reap- another $10 million from a 6-cent increase on the commission for that kind of tax Luttrell told Bunker Wednesday. “Like you, praisal will take about 3 cents off the 33 on the property tax rate above the esti- hike. I am waiting to see their budget.” cents on the property tax rate that Luttrell and commissioners originally estimated. The administration, working with Shelby County Trustee David Lenoir and Shelby County Assessor Cheyenne John- son, brought down the certified tax rate Non-Financial Fraud’s Growing Threat based on a normal 93 percent collection Conventional fraud is all too prospective local teachers. Mumford is going to jail, possibly for up rate by the Trustee's office in the first year familiar, including misappropriation of Far from being victimless crimes, to seven years. Federal agencies issue after a reappraisal. assets (better known as employee theft) these examples of non-financial fraud hefty fines to businesses that provide “We could have provided for an ap- them with falsified safety test results. peals allowance of 3.4 percent and the and financial statement fraud (Enron, create serious havoc throughout the state would have been happy,” said county WorldCom and Stanford Financial economy. Fraud can also cause almost irre- finance director Mike Swift. “But we felt it Group). Inflated standardized test scores and coverable damage to an organization’s was overstated and we would get a wind- However, a type of fraud climbing out rankings by colleges and universities brand. fall.” from under-the-radar status is non-fi- provide more prestige for the institu- Owners and leaders can take these The purpose in state law of the certi- nancial fraudulent statements – false or tions leading to increasingly higher steps to proactively address non-finan- fied tax rate is to guard against a windfall misleading information produced by an tuitions. Doctored metallurgical test cial fraud in their organizations: in revenue in which the property tax rate organization to the public or results by an aerospace n Set a strong tone from the top on remains the same even if reappraisal regulatory body. chris glenn manufacturer compro- the subject. values overall have gone up and the same The New York Times guest column mise safety. Falsified crop n Provide anti-fraud training to your property tax rate would then produce recently reported on the insurance claims drive up employees. more revenue for a local government. proliferation of colleges inflating stan- insurance rates and premiums for the n Develop an anti-fraud policy that In the case of the 2013 reappraisal, dardized test scores and class rankings honest farmer. Ringers passing exams explicitly mentions this type of fraud. property values dropped overall, leading of their students, and the Wall Street for prospective local teachers means n Conduct surprise audits. for the first time in the memory of those in Journal reported that Pratt & Whitney, unqualified teachers are educating our n Be especially cognizant of conflict- local governments to an existing property a leading aerospace manufacturer, children. ing interests when dealing with third tax rate creating less revenue than it did disclosed a scheme by one of its sister Business owners and organization parties. before the reappraisal. units to tamper metallurgic test results leaders have ample reason to take this The North Carolina crop insurance Working with Johnson, Swift and the to meet stringent FAA standards. kind of fraud seriously. They should be scheme required an intricate mix of Luttrell administration revised the appeals Federal investigators recently caught aware that organizations found guilty agents, adjusters, brokers, and farmers allowance to 2.7 percent. a ring of insurance agents, brokers and of issuing or producing non-financial to perpetrate. Evidence of their fraud “We think that is very realistic and fair farmers in North Carolina who conspired fraudulent statements are subject to the was likely visible at multiple levels, if and gives us a good certified tax rate,” Swift to falsify over $100 million in insurance same level of legal and penal conse- someone had been seeking it. said. claims for weather-damaged crops that quences as the more conventional fraud Always remember the phrase made That 93 percent with a certified tax rate were never actually damaged. types. famous by former President Ronald of $4.32 came to $695 million in revenue Here in Memphis, Clarence Mumford One of the more prominent agents Reagan during the Cold War – trust but in the revised numbers, the same amount Sr., a career educator, recently pled in the North Carolina crop insurance verify. of revenue the county gets with the cur- guilty to charges that he created and case has already been sentenced to Chris Glenn is the Risk Advisory Ser- rent $4.02 tax rate. The upward revenue provided false identification and paid 30 months in prison and must pay vices and Internal Audit Practice Leader estimate on a lower certified rate based “ringers” to take qualification exams for more than $16.5 million in restitution. at Dixon Hughes Goodman LLP. on a lower appeals allowance leaves $11.6 million in extra revenue not included in 22 May 17-23, 2013 www.thememphisnews.com

health care & biotech County Concerned With West Nile

JENNIFER JOHNSON BACKER | The Memphis News the virus can be spread through blood transfusions, organ trans- plants, breastfeeding and even during pregnancy from mother s summer approaches, Memphians to baby. who enjoy being outdoors in the Male southern house Aevening might want to consider mosquitoes do not bite; rather taking protective measures. The Shelby it’s the females who need what County Health Department has detected Carlson called “a blood meal” mosquitoes infected with West Nile virus to lay their eggs on damp soil or in Memphis, Bartlett, Germantown, directly on the surface of water. Collierville and parts of unincorporated Since April, the Health De- Shelby County – the earliest occurrence of partment has applied microbial positive West Nile Virus pools on record. larvicides to standing bodies of “It is unusual,” said Ture Carlson, an water known to produce mos- entomologist with the Health Department. quitoes as part of a proactive “2012 was also a bit unusual in that we had effort to decrease the number of a record-setting April for high tempera- mosquitoes, Carlson explained. tures. This is about a month earlier than Shelby County Vector usual.” Control also will continue Carlson said it’s not unusual for Shelby truck-mounted spraying in the County to send up to 145 pools a week to evening with Permethrin, a Nashville for testing. Pools usually contain synthetic chemical widely used 10 to 50 mosquitoes, depending on how as an insecticide and repellent. many are caught by the traps. Already, The spray kills adult mosquitoes Photo: Lance Murphey 10 pools have tested positive for West when they are actively flying in Glenn Williamson of Vector Control tops off the tank on an Ultra Low Volume (ULV) sprayer. Nine Nile Virus. Last year, 15 people in Shelby spray trucks mist for mosquitoes throughout the city four days a week for three hours after sunset. the air. County were infected with the virus, up “We use it because it is has from 12 in 2011 – the most cases out of any was the highest number of cases on record five people who are infected with West low mammalian toxicity – and it’s very county in Tennessee. There were no Shelby since 2003. Nile will not show any symptoms, it can be safe,” he said. “Our biggest concern is the County fatalities last year and two in 2011. Infected southern female house severe and even result in death. In severe bees, which is why we spray at dusk. Most Nationally, the Centers for Disease Control mosquitoes catch the virus from birds and cases, patients can develop high fevers, bees are most active at dawn and during and Prevention reported a total of 5,674 can spread it to people and other animals neck stiffness, coma, convulsions, paraly- the day. At night they are usually back in cases in 2012, including 286 deaths. That when they bite. While about four out of sis and muscle weakness. In rare cases, their hives and safe from the spray.” Stan Cope, an expert on mosquito- transmitted diseases with Memphis-based Terminix, says the county is taking all the right preventative measures. FINANCIAL SERVICES “When you have infected mosquitoes out and flying around, it’s 100 percent proper to be putting the spray out because you have to kill those infected mosqui- Profitable Year Has Paragon Upbeat toes,” he said. Cope said it’s likely the Health De- partment is detecting the virus earlier in ANDY MEEK | The Memphis News mosquitoes this year because of a milder winter – which allowed more female southern house mosquitoes to survive. xecutives with Paragon National banking products for Paragon custom- bring that ratio down. The Shelby County Health Department Bank laid out for shareholders this ers that included mobile texting and a “We’ve also been working diligently recommends that people who plan to Eweek a set of strategic objectives mobile website. as a team to change our asset mix but spend time outside in the evening mea- for 2013 that included making continued To that end, in April alone the bank also to originate new loan volume,” said sures use a mosquito repellant containing progress toward wringing problem assets handled more than 500 mobile Web and Mike Edwards, a former First Tennessee one of the four active ingredients ap- out of the bank and improving the bank’s mobile text transactions. Bank executive who joined Paragon as proved by the U.S. Environmental Protec- earnings power. Shaw, meanwhile, assured share- chief operating officer at the beginning tion Agency: DEET, Picaridin, Oil of Lemon At Paragon’s annual meeting at one holders that Paragon’s employees have a of 2012. Eucalyptus and IR3535. of the bank’s East Memphis branches, stake in the bank’s performance, partly On one hand, Paragon originated Residents also should: CEO Robert Shaw also pointed toward because they own about 20 percent of more loans in 2012 – $62 million, up 54 n Eliminate standing water where several metrics, trend lines and results the bank. And speaking of employees, percent over 2011. At the same time, mosquitoes can lay eggs. from 2012 as cumulatively suggesting the the bank has made some recent addi- the bank is shifting the kinds of loans n Install or repair windows and door bank is on the right track. tions on that front. it’s making. Paragon’s commercial loan screens. Since December 2008, for example, Paragon has added some new hires volume was down almost $12 million n Empty, clean and refill birdbaths and Shaw noted that Paragon has disposed in its sales force and in mortgage sup- in 2012, and its residential construction small wading pools weekly. of $40 million of non-performing assets. port and sales support roles. Because of volume was $2 million less in 2012. n Empty and refill pets’ water bowls Non-performing assets were down 20 planned expenses and executing other A chunk of Paragon’s loan portfolio every few days. percent in 2012 and are down 46 percent components of its strategic plan in 2012, includes floating rate loans, which will n Repair failed septic systems. since 2009, and among other evidence of the bank’s profitability was down last put the bank in a stronger position when n Repair leaky outside faucets. success the bank presented was the fact year. interest rates inevitably rise. n Clean rain gutters and down spouts. that the Office of the Comptroller of the However, Paragon was still profitable, “Ultimately, we’re one bank of 50 n Secure swimming pool covers tightly Currency has not downgraded a credit at as it has been for several quarters. in Shelby County,” is how Edwards and remove any standing water. Paragon since 2009. Paragon – which had $257 million in summed it up. “As far as competition n Store wheelbarrows, canoes and “I feel very good about where we are,” assets at year’s end – reported a profit of goes, the big banks are still providing us boats upside down Shaw said. $688,000 in 2012, down from $923,000 with opportunities.” n Stock ornamental lawn ponds with Furthermore, the bank is investing in in 2011. The bank’s efficiency ratio also A lot of loans at competing banks, he mosquito fish (Gambusia), which eat mos- technology. In 2012 Paragon joined the is above 90 percent, meaning the bank added, are getting approved by out-of- quito larvae. Gambusia fish are available ranks of local financial institutions in essentially is now spending 90 cents for town decision makers, providing a win- FREE from the Vector Control Program – launching a smartphone app. And that every dollar it makes. dow for community banks like Paragon call 222-9715 for availability. app joined an existing suite of mobile Shaw said the bank is working to to shine with customer service. www.thememphisnews.com May 17-23, 2013 23

Forming the Second Wave of Growth for Your Business

Most businesses start with ability. This is more a science than an art downward and the curve becomes a flat management has outrun its course? The vigor and willpower. Truly breakthrough and a consulting industry and business line, it is time for leadership, not manage- numbers tell the story. Value is decreasing businesses launch and fly with such an schools have been built around this model. ment. while costs increase. impassioned sense of mission that it Then, something unexpected happens. With unflinching courage, vision, and At such times it is important to take changes the market The market stag- a process for discerning and properly a sober inventory. Has the muscle of and the communi- nates or matures. defining the actual problems, leadership management extracted and exploited all ties where their Competitors prove must prevail. To create a second wave of of the value it can from an existing busi- offices are located. more agile and cun- growth, the business has to be re-thought, ness model? Should you just manage a As they climb ning. Regulations re-contextualized in the present moment. little better, a little more? If so, would the the curve of growth change. Customers Generating several paths of growth, results be worth the trouble? Or, has the based on an in- just don’t value you prototyping the ideas, testing with cus- first wave of growth passed? novative product or as much as the good tomers, changing the business model can Or, is it time for management to stop service that creates JOCELYN ATKINSON old days. transform a company, preparing it to grow flexing and allow the leaders to envision & michael graber a new form of value let’s grow Management is and surf a growth wave for a second time the second wave of growth? If so, such a in the marketplace, a fixed set of tools in its corporate lifecycle. time calls for authentic leadership. they begin to manage their growth care- that cannot correct such seismic predica- This vital form of leadership also fully, which is a good and healthy move. ments. Often management will continue requires a disciplined process, but it is a Jocelyn Atkinson and Michael Graber The role of management is to grow the doing what got the company initial win- far different process than management; run the Southern Growth Studio, a stra- firm while reaching operational excellence, ning results even though the world has in fact, it is a different scope and brain tegic growth firm based in Memphis. Visit to a well-oiled machine where every penny changed utterly. altogether. www.southerngrowthstudio.com to learn has been managed to the best of human As the first wave of growth trends So, how do you know when solid, smart more.

REAL ESTATE RECAP 9779 huff n puff road riah Road property for $1.5 million lakeland, TN 38002 to ARC KLMPSTN001 LLC. Built in 1975, the fast food Oakhaven Warehouse Sale Amount: $1.3 million restaurant sits on 0.7 acres along Sale Date: May 1, 2013 the south side of Mount Moriah Buyer: Sairam Nivas LLC between South Mendenhall Road Sells After Foreclosure Seller: Prabhubhai K. Patel and and Fox Plaza Drive. Kashmira P. Patel The assessor’s 2013 appraisal of ERIC SMITH | The Memphis News Details: The Super 8 motel at 9779 the property is $322,900. Huff N Puff Road in Lakeland has And CFKRY sold the 4431 Sum- sold for $1.3 million. mer Ave. property for $1 million to Old Lamar Ave

Sairam Nivas LLC bought the ARC KLMPSTN002 LLC. HungerfordRd O Cut

Lamar Ave 34,068-square-foot hotel in a May 1 Built in 1972, the fast food

S Perkins Rd warranty deed from Prabhubhai K. restaurant sits on 0.7 acres along Patel and Kashmira P. Patel. the south side of Summer between Hungerford Rd Prabhubhai K. Patel and Kash- South Waring and North Perkins

Tenmile Creek mira P. Patel had acquired the prop- roads. The assessor’s 2013 appraisal erty for $1.7 million in 1996 from is $392,600. Both transactions Purushottam O. Donda and Ansuya included a “notice of termination of Lamar Ave P. Patel. memorandum of lease.”

Old Lamar Ave Pidgeon Roost Rd Built in 1990, the low-rise motel sits on 1.4 acres at the intersection 3100 New frayser blvd. of Huff N Puff and Canada roads at memphis, TN 38128 the Canada Road exit of Interstate BF Goodrich Blvd 40 in Lakeland. The Shelby County Permit Cost: $3 million Oakhaven Assessor of Property’s 2013 apprais- Project Cost: $301 million Air Trans Rd Warehouse al is $1.5 million. Permit Date: Applied May 2013 Completion: TBA 4120 air trans road • memphis, TN 38118 2663 Mount Moriah road Owner: Nike Inc. memphis, TN 38115 and Tenant: Nike Inc. 4120 air trans road 4431 summer ave. Architect: N/A memphis, TN 38118 memphis, tn 38122 Contractor: Wynright Corp. Details: Nike Inc. has filed a $3 Sale Amount: $2.5 million Sale Amount: $1.5 million; million permit application with the Sale Date: May 7, 2013 $1 million city-county Office of Construction Buyer: Spencer Property Inc. Sale Date: April 18, 2013 Code Enforcement for work on its Seller: Patricia E. Adrian, substitute trustee Buyer: ARC KLMPSTN001 LLC; ARC North Memphis distribution center Details: The 224,749-square-foot warehouse at 4120 Air Trans Road in Oakhaven KLMPSTN002 LLC at 3100 New Frayser Blvd. has sold for $2.5 million following a foreclosure. Seller: CFKRY LLC The permit calls for the instal- Spencer Property Inc. of Saltillo, Miss., near Tupelo, bought the Class B facility Details: A pair of Memphis Krystal lation of “industrial steel storage May 7 from substitute trustee Patricia E. Adrian of the law firm Farris Bobango PLC. restaurants – 2663 Mount Moriah racks” by Wynright Corp., a Elk The property went into foreclosure earlier this year when its previous owner, Road in Hickory Hill and 4431 Sum- Grove, Ill.-based “provider of intel- 4120 Air Trans Road LLC, defaulted on a $3.4 million loan through Prudential mer Ave. in Berclair – have sold for a ligent material handling systems,” Mortgage Capital Corp. dated Jan. 27, 2006. That debt was later transferred to U.S. combined $2.5 million. according to the company’s website. Bank NA. 4120 Air Trans Road is an affiliate of the Roseville, Calif.-based real estate CFKRY LLC sold the proper- The permit is one of what will likely development company Coastal Partners LLC. ties April 18 to ARC KLMPSTN001 be many filed for the $301 million Built in 1979, the warehouse sits on 16.4 acres on the east side of Air Trans Road LLC and ARC KLMPSTN002 LLC, project. at its intersection with Pidgeon Roost Road near East Raines Road and Lamar respectively. Each restaurant is an Nike in January paid $2.2 mil- Avenue. entity related to Jenkintown, Pa.- lion for about 200 acres of vacant The Shelby County Assessor of Property’s 2013 appraisal of the property is $3.9 based American Realty Capital. land in Frayser from Belz Investco million. CFKRY sold the 2663 Mount Mo- GP for the distribution center. 24 May 17-23, 2013 www.thememphisnews.com

Stuff to Know memphis Law Talk About Atlanta Burger Joint Medlock Takes Talents ATLANTA – On a weekend trip to this, the city where we honey- mooned four decades ago, Susan and I find ourselves in a place touting the From Soccer Field “best burgers in Atlanta.” On its menu is the “Fat Elvis,” a half-pound of meat “slathered with a King- To Courtroom sized helpin’ of smooth richard j. alley | Special to The Memphis News peanut but- ter, bacon and fried bananas.” fter graduating from Germantown he’ll need to grow his of- VIC FLEMING Neither of us High School, Steven Medlock left fice. I SWEAR opts in for AMemphis for the bluegrass of In a recent day Down- this. Western Kentucky University. town, he found himself This burger joint has “House With a full-ride scholarship for soc- in Criminal Court, Civil Rules” – an entire menu page cap- cer, his goal became to play in the big Court and Juvenile Court. tioned “Stuff You Really Need To leagues. After graduating college in 2006, He’s ended up with a lot of Know.” Such as “(T)he customer is not he played midfield center for the semi- family law cases and enjoys always right. We maintain the right to pro New Orleans Shell Shockers. Though assisting those who might refuse service to any person that, in it was an exciting time, Medlock said, it not be able to afford the our sole opinion, is a great big jerk. … was a long eight months spent living in a larger, more established (I)f you start acting like an idiot, we hotel room on Canal Street when not on firms, helping them if he will not hesitate to toss your damned the road. can and sending them fool ass out the door.” All right, then. “I made the decision after that one elsewhere if he can’t. And “(W)e are proud to accommo- season to hang up the cleats, I didn’t “At my age, you take really have a future in that,” he said. “It everything you can get in was awesome and I had a fantastic time, the door,” Medlock said. I Swear Crossword but I couldn’t survive on $250 a week for “You explain on the front life.” end that, ‘I’ll tell you right Fleming’s weekly puzzle Page 30 Medlock used his time in New Or- now I don’t have all the leans to study for the GRE and entered answers, but I’m going to the graduate program at the University of work towards it, and if I date smokers and non-smokers alike, Memphis for a master’s degree in political medlock don’t know something then and we will continue to do so as long communication and rhetoric. During I’ll ask another attorney.’” as this choice is not taken away from that time, he kept his foot on the pitch lock graduated in May 2012, he wasn’t Medlock has run the field for his cli- small business owners by evil fascists. by coaching soccer at Germantown High interested in joining a large firm, but he ents and seeks to gain even more knowl- Don’t give anyone a hard time when School and Memphis University School, found there weren’t many jobs available. edge as his experience widens and his they ask to see your ID. Sideshow and in a club league in Collierville. He went to work for the Cohn Law practice evolves. geeks get paid to guess your age. We, His intention was to go on and earn a Firm, learning how to run a business, He left his dreams of soccer for on the other hand, are required by doctorate, but he found he wasn’t inter- before opening his own shop in Cordova successes as an attorney and he hasn’t law to verify it. So if you didn’t bring ested in a life of academia. The legal pro- just off Germantown Parkway. looked back since. your ID with you, and you are refused fession, in contrast, would be “promises Medlock and paralegal Jennifer Bil- “Everybody has dreams of being a a drink, it’s your own damned fault for of golden riches,” he laughs now. He was liard share an office with real estate attor- Matlock or Perry Mason in the court- being a dumb-ass!” No one asked for always interested in the law and looked ney Doug Beaty. They aren’t partners, but room, and come up with all these inter- my ID. up to friends and mentors, Nick Tansey are separate entities sharing resources, esting arguments in jury trials, but the I didn’t go to get an entire column and assistant district attorney Chris Lar- and Medlock knows the elder Beaty is vast majority aren’t in those positions,” from this menu, but the burger is eau. He met both through a local men’s there should he have questions. he said. pretty good, and the fries are great! soccer league. Medlock practices general law, with “It’s a lot of motions and not nearly So, “We are sorry if you are offended “When I was thinking about going to referrals coming from word of mouth and as glamorous, but you get a little bit by the foul-mouthed strippers sitting law school, I asked them to go to lunch from his website, and taking on whatever excited just going into the courtroom and at the table next to you, or if you think and talk to me about it and they sold me cases come through the door in an effort addressing the judge and solving some- that the bar area is too smoky, or the on what they were doing,” Medlock said. to learn more and gain the experience body’s problem.” music is too loud. But the simple fact “Both of them are very involved in giving is, if you need to have total control back to society, and they found a legal over your environment, then you really career is one way they can do that and need to stay home, because nobody also make a living.” likes a whiner. Medlock found law school intimidat- GOODWYN at CENTRAL “Everything you need to know ing at first. about our food and drink selection is “I knew from the first day there were a Open 2-4 Sunday, May 19 printed somewhere within our menus. lot more intelligent people there, I admit Fabulous Renovation & Addition in a Please read them thoroughly. If you that, but at the same time I was excited spectacular walkable location to Memphis ask us stupid questions, we will be about the challenge of it,” he said. Country Club and ! forced to mock you mercilessly.” When But he found it helpful to have a 4600+ sf one story, 4BR (w/TWO Master Suites) + Media/Playroom. Triple Garage. someone at our table asked, “What’s group of friends who were in the same Granite, Gas, Stainless in Kitchen. 2999 medium rare mean?,” I cringed, want- boat, a team to fall back on when times Central. $715,000. Pix & Video at ing to say, “It’s on page two, dummy!” were stressful and the school days tough. memphisrelocate.com. And, remember… But, surprisingly, the waitress was “Now, looking back, that’s what made quite nice about this. it, I wouldn’t say a fun process, but a ROSENGARTEN = RESULTS PERLBERG = PERFORMANCE To read the entire menu, and more, bearable process,” Medlock said. go to www.thevortexbarandgrill.com. After his first year in law school, he Vic Fleming is a district court judge was dead set on completing the U.S. in Little Rock, Ark. Contact him at Navy’s Judge Advocate General programs. [email protected]. He got deep into the interview process, down from 1,700 applicants to the last “The Oldest Real Estate Company in Town” 200 before getting cut. By the time Med- www.thememphisnews.com May 17-23, 2013 25

Memphis STANDOUT Word Finds Passion With Vaco, Alliance

RICHARD J. ALLEY | Special to The Memphis News where she spent a year. When an opening about Memphis,” she said. became available at Vaco, she jumped, It’s also one that has struggled over the and it was there that she said she had an years and is seeking a comeback. Dormant epiphany. since 2002, it was reactivated in 2009 by n her six years as a CPA, Ginna Word “I realized after six years in account- then-president Sha Toohig, also a Vaco has seen the industry from both sides ing that, it’s not that I didn’t enjoy it – and recruiter. With a recent move in locations Iof a spreadsheet, as an auditor for I learned a lot from it and I wouldn’t trade for membership meetings to the Holiday Deloitte & Touche, and as a corporate, the experience I had – but I just didn’t love Inn University of Memphis, Word hopes in-house accountant for The ServiceMas- it,” she said. “I wanted that feeling of really to attract accounting students looking for ter Co. The disparate views, she said, have having a passion for what I do every day.” mentorship and guidance from successful given her a distinct advantage in her cur- That passion was found at Vaco where, women within the industry. rent position as recruiter for the Memphis at first, she was “scared to death,” she said, Toohig said Word’s “great energy” is an office of Vaco, an upper-level placement working in the people business to “match asset to the profession and to the AFWA. and consulting firm. very talented people with great compa- “It’s nice to have somebody that has The Clarksdale, Miss., native and nies.” lots of different ideas about ways that we University of Mississippi graduate came There has been a shift in the past can bring new members in and ways that to Memphis after receiving a master’s few years in the recruitment and staffing we can try to market a different audience in accounting from Ole Miss to work for game. First, as people were laid off in the WORD that we haven’t reached out to before,” Deloitte & Touche, where she’d interned recession and frantic for work, and now, as Toohig said. during college. things have calmed and evened out, more More information is available at www. “I tell people all the time that, gradu- people are beginning to look around, not associations and organizations within aswamemphis.org. ating from accounting, there is no better for just anything that might come along, one’s industry to become better acquaint- Word enjoys helping those seeking to way to start a career; you get exposure to but for a career advancement or change. ed with those involved, and to stay on top break into the industry through the AFWA, so many things,” she said of her tenure at “In the past nine months to a year, of any opportunities that arise. as well as newcomers, and recognizing the Deloitte & Touche. “What other job can we’ve really seen a lot more movement and Word is the president of the Memphis same epiphany she had with Vaco in the you say that within a year you can be sit- people either switching jobs within their chapter of the Accounting & Financial eyes and voices of her clients as they finally ting down in the office of a CFO of a public company or moving to other companies,” Women’s Alliance, an organization formed find that job that they love. company interviewing them and asking Word said. “I think for a while people in 1938 as the American Society of Women “There is nothing better than when you them about their processes and talking were kind of afraid to rock the boat, but Accountants, that seeks to increase op- find somebody that perfect job and you get with them about their financial state- as things are improving and the economy portunity in the fields of accounting and to call and tell them they got the job,” she ments?” seems to be improving, people are starting finance. It is focused on supporting and said. “As excited as they are, you can’t help Word worked at Deloitte & Touche for to look around.” mentoring young women in the field, but but be just as excited for them. It’s the best four years before leaving for ServiceMaster, Word suggests networking and joining also on the community and “what’s great feeling at the end of the day.”

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Strategy For

Very Familiar Small-Business Spotlight Questions OK, I was trying to be somewhat Midtown Yoga Gets New Owner nice in the title. This article is really about

answering those questions that you have JONATHAN DEVIN | Special to The Memphis News heard hundreds or perhaps thousands of times. Questions that make you think, “If I have to answer that question one more time, I might just go crazy!” As a matter of fact, hose who practice yoga are the strategy I am known to be very flexible, and the going to discuss Tnew owner of Midtown Yoga is probably works especially grateful for that fact. best on what you Grace Harwood, who purchased the might categorize business on Jan. 1, said she is trying to as stupid ques- make the transition invisible to a very tions you find loyal client base. chris cRouch yourself answer- “Yogis can be very particular about SMART STUFF ing over and over. changes to their studio, and I’m aware 4 WORK Yes, I am fully of that,” said Harwood, a mother of aware of the fact three who has never owned her own that some people like to say, “Well, there is no business before. “I think they’ve been such thing as a stupid question you know!” very pleased. I think everybody was I’m not so sure about that. extremely patient with me during the Unfortunately, I happen to know from per- transition.” sonal experience that there are, in fact, stupid Harwood has a long history with questions. For example, years ago I bought the previous owner, Sarla Nichols, who Photo: Cate Plekon a Prince brand tennis racquet. I pulled the founded the studio at 524 S. Cooper New Midtown Yoga owner Grace Harwood performs the danurasana pose with racquet out of the protective cover, looked at St., at Cooper and Peabody Avenue, in yoga instructor Geoff Bleech at the Midtown studio. the large branded “P” on the strings and said Midtown 13 years ago. to my wife, “I wonder how they get this letter Harwood went through Nichols’ Recently, Harwood hired one new private lessons. to come out so nice and uniform when they yoga teacher training in 2007 and man- teacher but said she is keeping all of the About three years ago Harwood stretch the strings?” After several moments aged a second Downtown location. teachers who taught under went to New York to be certi- of laughter, she informed me that there was a That location was opened in response Nichols. fied in aerial yoga, which is pretty good chance that they painted the big to residential growth Downtown, but Classes are mostly sold now offered at Midtown Yoga. “P” on the racquet AFTER they stretched the the client base did not grow fast enough in packages like a 10-class In it, participants perform strings. It was one of those “duh” moments and the studio closed after about three package for $110. Unlimited poses while suspended about for me. Not necessarily a good thing to admit years. Harwood has been teaching at monthly class packages are one foot off the ground in a if you are a trainer and consultant. I promise the original location ever since. also available, as is a begin- sling made of looped aerial not to offer any advice on anything to do with Nichols was interested in selling the ner’s series and community silks. tennis. She still likes to occasionally, shall we business to leave behind some of the classes, which cost $7 per It does not involve aerial HARWOOD say, help me stay humble by reminding me of administrative functions and to free class. acrobatics like those popu- larized in Cirque du Soleil; that particular question I posed to her more up more time for traveling in order to Harwood said that most of teach. She is also a new grandmother. her clients are women between the ages instead, participants are never out of than 20 years ago. Harwood’s three children had gotten of 25 and 55, but that anyone can prac- reach of the floor. It can be especially Here’s what you do if a client asks you old enough that she too was looking for tice yoga regardless of age and ability. good for those exploring inversion a question that you’ve already heard and a new chapter. Some of her clients are in their 70s. poses and people living with spinal responded to hundreds of times. Act as if you “(Nichols) wanted to pass the studio “You can make it be what you need compression, Harwood said. have never heard the question. Cock your on to someone she was hoping would for your body,” Harwood said. “You can More recently she introduced head to the side, stroke your chin with your continue the history of it,” Harwood make (the experience) more power- AcroYoga to the studio, which involves thumb and index finger, tighten your lips, said. “She wanted it to go to someone ful. But if you need to lengthen your yoga exercises performed in pairs. narrow your eyebrows and pause a moment who had been by her side.” muscles, you can do it in the same class Harwood became certified in it over seemingly in deep concentration. Since you Nichols has continued to teach where someone else is really sweating the summer. Harwood also introduced have heard and responded to the question classes at Midtown Yoga every week. it out.” computers to Midtown Yoga, which had hundreds of times, after the dramatic pause She’s one of more than 20 teachers Midtown Yoga has two studios – an been an on-paper business previously. you can casually respond with one of the offering about 55 classes each week. 1,800-square-foot studio for larger She hopes the change will make it more most logical, well thought out, articulate About 450 people attend classes each classes and a smaller one of about 1,000 convenient for participants to keep answers they have ever heard in their life. week. square feet for hot yoga classes and track of their classes. It’s a total win-win strategy. The client wins because they feel good about asking a ques- tion that almost stumped the expert (in other words, they feel like a smart person). You win because you come across as a person capable of thinking very quickly on your feet. I recently read a story about a woman who had dinner on separate occasions with two brilliant men running for political office. After the first dinner she said, “After dining with him, I felt as if I had dined with the clev- erest man in the world.” After dinner with the second man she said, “After dining with him, I felt as if I was the cleverest person in the world.” Guess which man won the election? Or is that a stupid question? Chris Crouch is CEO of DME Training and Consulting and author of several books on improving productivity. Contact him through www.dmetraining.com. www.thememphisnews.com May 17-23, 2013 27

Newsmakers Employ Both Bartlett Chamber Honors Brimhall Push and Pull kate simone | The Memphis News Marketing The future of push vs. pull marketing is a hot debate. With social me- Terry Brimhall, founder and president of Brimhall Foods Co. Inc., dia continually on the rise, there’s a trend to disregard push marketing in its entirety. That’s has been named entrepreneur of the year by the Bartlett Area Chamber of a mistake. Not only is there a place for both, Commerce. Brimhall and his wife, Becki, began producing pork rinds in limiting yourself to 1982 in a former ham house on U.S. 70. one over the other will Education and/or work experience: Foods? Trying to make a living: started inhibit your ability for Graduated from Bartlett High School, selling snacks while a student at U of profitable growth. 1975; University of Memphis, 1980; M. Push marketing is school of hard knocks, still enrolled. essentially traditional What are your goals in the coming outbound advertising, Family: Wife, Becki; sons, Nick and year? Have fun with wife, family and in which you are “push- Luke; daughter-in-law, Catie; and 2 friends. Streamline some processes at ing” your message out grandchildren. work. Tell more people about Jesus. to the marketplace. Lori turner- wilson Mass media, direct guerrilla sales Favorite quote: “But God demonstrat- What do you consider your great- sales, trade shows, and marketing ed his love toward us, in that, while we est accomplishment? Growing as a email marketing and were yet sinners, Christ died for us.” – Christian: learning to love others as J. Carey Thompson, vice direct marketing are included in this category. Romans 5:8 Christ loves me. president for enrollment and In a nutshell, push marketing is about buying communications and dean of people’s interest vs. earning it – or one-way What talent do you wish you had? I What do you most enjoy about your admission at Rhodes College, communication rather than two-way commu- wish I could play the piano. work? People I work with: coworkers has received the 2013 Larry West nication. and customers; and accomplishing Award from the Southern As- Many push strategies allow for narrow Who has had the greatest influence bringing new items to market. sociation for College Admission targeting to ensure you aren’t wasting your on you? My wife, Becki; my parents, Counseling. The award is given paid impressions on non-qualified prospects. Paul and Joyce Brimhall; my junior high If you could give one piece of advice based on longevity of service Case in point: While direct mail may seem teacher, basketball coach and friend, to young people, what would it be? and dedication to the organiza- outdated, it allows for unprecedented targeting Ted Wells; Adrian Rogers, my pastor Live for Jesus! Through maturity as a tion, the admissions profession by way of consumer buying patterns, commu- for nearly 20 years; and Jim Russell, a believer, you learn how to love, make and students. Thompson joined nity affiliations, product interests, household mentor and friend for most of my life. wise choices, have fulfillment and Rhodes in 2010. demographics and much more. avoid doing stupid stuff. It is a process In pull marketing, you make yourself visible What led you to form Brimhall of surrendering self to the Savior. Memphis Jewish Home & Re- by providing educational or entertainment hab has re-elected Geri Lansky value to others in the hope that prospective president for a second one-year buyers will make the connection with what you term. Officers re-elected for a do, visit your website, or otherwise make con- second term are Minton Mayer, tact to learn more. Examples of pull marketing vice president/president elect; techniques include social media messaging, Gregg Landau, vice president; search engine optimization, “infographics” and Barbara Ostrow, secretary. (graphic representations of data), white pa- Scott Notowich has been elected pers, blogging, public relations and speaking for a first term as treasurer. engagements. The need for pull strategies in marketing is Keith Parker has joined on the rise. Consider that more than 200 mil- Roxul Inc. as human resources lion Americans have registered their phones on manager at Roxul’s manufactur- the “Do Not Call” list. Over 40 percent of direct ing facility under construction mail is never opened. Over 85 percent of con- in Marshall County, Miss. Parker sumers skip TV ads. That’s why marketers are previously served as human re- reporting they will invest more in pull market- sources manager for Helen of ing strategies this year than ever before. Troy and ACCO Brands, and as While there may be less upfront financial human resources/operations investment in a pull strategy, it certainly carries manager for The Home Depot in a longer sales cycle, and the resulting time Baton Rouge, La. investment is often significant. Because your call to action in push marketing is more direct, John Chandler has joined the “time to first sale” is often shorter, though Paragon National Bank as vice the upfront cash investment is higher. president of commercial lend- Limiting your overall marketing strategy to ing. Chandler previously held just one or the other will impair your ability to positions as regional business reach all prospective buyer categories. Plus, re- development officer and vice member that there are buyers who don’t even president of commercial lending at two regional financial institu- know they have a problem, let alone consid- tions. ered a solution. Or maybe you have a solution that is so new that your prospects aren’t even Hamlett Dobbins, director sure how to research it. In these instances, of the Clough-Hanson Gallery push marketing is necessary in order to help at Rhodes College, has received prospects realize their need and consider your a 2013-2014 Rome Prize. Dob- solution. The bottom line: to deliver ample bins, who became director of market coverage, lead generation and profit- the gallery in 2001, will spend 11 able sales growth we must push and pull a months as a fellow at the Ameri- variety of levers. can Academy in Rome. Lori Turner-Wilson is an award-winning columnist and managing partner of RedRover Eli Cloud has joined Askew Sales & Marketing, www.redrovercompany.com. LaniganAlliedVanlines.com Nixon Ferguson Architects as marketing coordinator. 28 May 17-23, 2013 www.thememphisnews.com

logistics River Infrastructure Fee Tough Sell in DC

BILL DRIES | The Memphis News “squeaky wheel gets the grease mentality” in Washington when it comes to funding. “We had a flood of record in 2011 on the . The only reason it .S. Rep. Stephen Fincher told a wasn’t the biggest disaster in the history group of business owners and of the United States was because of the Uothers who work on the Missis- work that the industry and the (U.S. Army) sippi River that the political environment Corps (of Engineers) and we have all done in Washington is changing. over the last 75 years,” Sanders said. “It Fincher is a member of the Congres- went completely unappreciated. … The sional Mississippi River Caucus that is disaster gets funded.” pushing for continuing funding for infra- “It’s not sexy to dredge a port,” Rash structure along the river. The Frog Jump, added. Tenn., Republican met with the group of It’s also a hard sell to convince citizens 40 Tuesday, May 14, onboard the Memphis and their congressional representatives Queen showboat at Beale Street Landing. who aren’t on the river that the flow of “Certainty and stability is the answer,” commerce on it still affects them. With Fincher said. “These guys knowing year the Republican majority in the House has after year what they can count on and come a changing of the guard in key states what they cannot count on is key for them where Blue Dog conservative Democrats growing their business. The private sector with rural backgrounds have been re- – in spite of the government – does well if placed by urban Republicans, said Fincher. we will just let them know what’s happen- Memphis News File Photo: Lance Murphey “People don’t realize how much water ing with the tax code, with the river, with A U.S. Army Corps of Engineers boat passes underneath the Frisco and Harahan and how much ground mass and land dredging. Funding is the problem. Our bridges, heading northbound on the Mississippi River. comes down this river,” Fincher said of funding is so short, but we are spending so the sediment the constantly changing much money on entitlements.” I say or someone suggests that they are for ues to talk about controlling spending on river carries along with constantly moving Rob Rash of the Mississippi Valley raising the gas tax – the most Republican federal entitlement programs – notably streams of commerce. “People say, ‘It’s not Flood Control Association, at one point, district in the state of Tennessee now is my Medicaid, Medicare and Social Security. my problem.’ If you look at the map it’s a told Fincher, “We live on earmarks.” district,” Fincher said. “My tea party guys, “We’ve got to be reasonable about how lot of people’s problem. And we’re moving “You did,” Fincher corrected him, not- most of them, they are good folks. But after we approach these things,” Fincher said a lot of freight for a lot of folks.” ing the House ban on the appropriations last year when I voted to raise the debt Tuesday. “Me voting no on everything is Fincher floated an idea about a plan attached to bills. limit, guess what? They are no big fans of not the answer. We’ve got to come up with to dredge the 10 ports in the Memphis Barge company owners Fincher has Stephen Fincher anymore. I’m out of the a funding solution that’s going to work. But district every two years. Some in the audi- talked with are willing to pay fees for the tea party, guys, because I’m not conserva- raising the gas tax in this environment is ence said it depends on how high the river infrastructure work. But he said the prob- tive enough.” just a hard sell. I’m open.” is. Others said with 50 to 60 businesses lem is passing the law establishing those Fincher, a farmer from rural West Ten- Jamey Sanders, vice president of in Memphis who use the river, spreading fees even if they are supported by the nessee, won the 8th District seat in 2010, Choctaw Transportation Co., a fourth- out the cost of regular dredging isn’t as industry that will be paying them. emerging from a crowded GOP primary in generation heavy marine construction and much of a challenge as it is in river towns “The problem is the political environ- which he drew fire from some elements of transportation company in Dyersburg, where there may be one or two businesses ment is so polarizing that the first minute the tea party even then. Fincher contin- said river infrastructure suffers from a dependent on the river.

LOGISTICS Airport Passes $127.3 Million 2014 Budget

JENNIFER JOHNSON BACKER | The Memphis News

he Memphis-Shelby County The 2014 fiscal year budget will partners fell to 92 scheduled flights in Memphis handled 720.8 million Airport Authority on Thursday ap- generate a $1.4593 landing fee per 1,000 April, compared with 147 scheduled dur- pounds in April, up 4.3 percent from 691 Tproved a $127.3 million budget that pounds, compared with $1.4557 a year ing the same year-earlier period. As Delta million pounds a year earlier. For the fis- slightly lowers fees at Memphis Interna- earlier. Average terminal rent per square began paring flights, total origination cal year to date, Memphis International tional Airport even after Delta Air Lines foot will rise 17.3 percent to $86.31, com- and destination traffic exceeded connect- handled 7.5 billion pounds of cargo. drastically reduced the number of flights pared with $73.58 a year earlier. ing flights for the first time in September That’s up 2.5 percent compared with 7.3 it operates. Overall, airlines will pay $54.5 million 2012. Flight transfers have continued to billion pounds of handled cargo during Airport officials said they have strived in 2014, compared with $54.8 million a decline. the same year-earlier 10-month period. to control costs as they work to lure dis- year earlier. Airport expenses will increase United Express, AirTran Airways and In other business, the commissioners count carriers like Dallas-based South- to $64.9 million, from $62.2 million last U.S. Airways all slightly increased sched- approved a $1.6 million purchase agree- west Airlines Co. amid criticism over high year, while total fixed revenue will rise uled flights in April, compared with last ment to buy 12.4 acres of property from airfares and fewer flights options. to $55 million, from $54.2 million a year year, but those increases were not enough ParkIt Here for future use as a rental car Authority board members were told earlier. to offset Delta’s hub rollback. maintenance and storage facility. The the airlines were satisfied with their share While airport officials remained up- For the fiscal year to date – July 1, 2012 property address is 3441 Airways Blvd. of the expenses, which they pay in land- beat about the budget, passenger activity through April 30, 2013 – total passenger The Airport Authority also approved ing fees and terminal rent, in the face continued to slump in April. traffic fell 28.6 percent to 4.7 million a $578,000 contract with Barge Waggoner of what has been a difficult year for the Total passenger activity slumped 33.2 passengers, compared with 6.6 million Sumner & Cannon Inc. to provide design airport after Delta Air Lines cuts. percent to 411,740 passengers in April, passengers during the airport’s previous services and airport improvements at The Memphis International Airport compared with 616,354 passengers a year fiscal year to date. The airport’s fiscal year General DeWitt Spain Airport. The firm budget for the 2014 fiscal year that begins earlier. Scheduled flights also declined runs July 1 through June 30. will relocate a taxiway, extend a , July 1 will increase 2 percent to $127.3 28 percent to 131, compared with 182 the Cargo continued to buoy revenue for relocate the levee, conduct property ac- million, compared with $124.8 million same period last year. Memphis International, the world’s sec- quisition research and replace the airfield last year. Total flights from Delta and its airline ond busiest for cargo behind Hong Kong. lighting system. www.thememphisnews.com May 17-23, 2013 29

community Library Study Raises Funding Questions bill dRies | The Memphis News “Frayser is very much In less than a year in 2011, the library a neighborhood branch. system’s e-books collection went from 300 It’s among the busiest in to more than 1,000 with 6,225 checkouts the system, but it’s tiny,” of the e-books during that time. n the last five years, the 600 comput- McCloy said. “It’s 6,400 “It’s kind of like a software license ers in the Memphis Public Library square feet. No matter agreement. You own a book for a finite I & Information Center were used 1.2 what time of day you go, number of checkouts. But it’s managed million times. it is packed with people kind of like a regular book,” McCloy said. In that same five years, the budget who are either looking for “Yet the average cost of an e-book is for the library system of 18 locations has jobs, waiting for comput- three times that of a hardback book. … been cut 21 percent and there has been ers, checking out books. We have to continue to repurchase them a 20 percent reduction in hours over the It’s an extremely busy every time that number of checkouts has same five years. branch.” expired.” Those are just some of the numbers The study confirms Until libraries and publishers and and percentages from a strategic plan for the different libraries are distributors work out a new arrange- the library system commissioned by the used for different pur- ment, critics of library collections rooted nonprofit group Friends of the Library poses. in printed copies of books might find the and Memphis Library Foundation. “At Poplar-White movement to e-books slow going. The survey results and library usage Station you have incred- “People say eventually everything statistics presented by Linx Consulting ibly high circulation. will be electronic,” McCloy said. “The and Smart City Consulting were part of More people are going reason that’s not coming faster is no one a push for $2.9 million in additional city there to check out books can afford the price tag on that. Those funding. and peruse the collec- resources are so much more expensive. … The goal of the new funding would be tion than are going there We always have a wait list for any of our to add 47 employees to the library system for computer usage,” e-books.” and increase the library system’s collec- McCloy said. “If you’re The proposed libraries budget for tions budget to $2 million from less than in North Memphis or the upcoming fiscal year is $16.1 million, $1 million. South Memphis, on the about $200,000 less that the adopted bud- The new employee count and collec- other hand, you might see get for the fiscal year and about $100,000 tions budget would each be comparable spikes in computer usage. less than what the budget is forecast to Photo: Shutterstock to what library systems have in compa- Of course there are long look like at the end of the current fiscal rable cities, according to the comparison larger locations,” she said. “I think it’s lines.” year on June 30. by the two consulting groups. unlikely that the city would have funding The study’s conclusion is that in some The administration of Memphis “The library is on the wrong side of in the (capital improvements) budget any parts of the city, libraries are places where Mayor A C Wharton Jr. proposed closing the curve,” Smart City’s Tom Jones told time in the foreseeable future to construct those who are out of work or looking for five library branches last year at this time City Council members this month during all of these additional libraries that would better go to look for jobs on computer during the city budget season. Four of the budget deliberations. be required. Those also cost much more terminals. five remain open. The fifth, the Highland But the amounts are not in the admin- to operate on an annual basis than the Many work places only take job ap- Avenue Randolph branch, is on the mar- istration’s operating budget proposal, and neighborhood. It’s not actually a cost sav- plications online. ket for sale. library director Keenon McCloy said the ings.” The library system has e-books avail- The report recommends the Cossitt plan is more of a “roadmap for the future.” So the Memphis library system has re- able, but they cost three times what books Library, the city’s original modern public The Memphis system is what McCloy gional libraries like Cordova, Whitehaven on the library shelves cost and they have a library, at Front Street and Monroe Av- calls a “hybrid.” and East Shelby. lower circulation because of usage limits enue on the city’s promenade section, be “The anticipation in the regional But the usage of the neighborhood that set how many times an e-book can be torn down and a new Downtown library model was that you’d close a neighbor- branches also is high, according to the checked out before the library has to pay be built elsewhere. The Cossitt has been hood location to make way for fewer but new report. again for its use. targeted for closing before. happenings Brennan Whalen as part of its Spring Bistro The Peabody Rooftop Party will be held Music Series Saturday, May 18, from 6 p.m. to Thursday, May 23, from 6 p.m. to 11 p.m. at The 8 p.m. at the bookstore, 387 Perkins Road Ex- Peabody, 149 Union Ave. Gary Escoe’s Atomic The Black Business Association of Memphis tended. Visit thebooksellersatlaurelwood.com. Dance Machine will perform. Tickets are $10. Visit peabodymemphis.com or call 529-4000. will meet Thursday, May 23, at 8 a.m. at the Renaissance Memphis Rotary Club will meet Tuesday, May 21, at noon at the University Club of Memphis, The Levitt Shell will present The North Mis- »Business Center, 555 Beale St. Jack Sammons, 1346 Central Ave. Tim Brown, president of sissippi Allstars as part of its free summer Kroger’s Delta Division, will speak. Cost is $18. concert series on Thursday, May 23, at 7:30 R.S.V.P. to Taylor Hughes at taylor@memphis- chairman of the Memphis-Shelby County Airport p.m. at the shell, 1930 Poplar Ave. in Overton rotary.org. Authority, will discuss what new developments at the Park. Visit levittshell.org. Methodist North Hospital will hold a hip- and airport mean for small businesses. R.S.V.P. to myron@ knee-replacement information class Wednes- day, May 22, from 11 a.m. to noon at the hos- » the arts whatshappeningmyron.com. pital’s Total Joint Center, 3960 New Covington Germantown Community Theatre will pres- Pike. Cost is free. Call 516-5639 to register. ent the musical “Ruthless” May 17 to June 2 at the theater, 3037 Forest Hill-Irene Road. For Kiwanis Club of Memphis will meet Wednes- more information, visit germantowncommuni- day, May 22, from noon to 1 p.m. at The tytheatre.org or call 754-2680. » Community a.m. to 5 p.m. at 45 Dalton Cove in Eads. The University Club of Memphis, 1346 Central Ave. Ben Brantley of EnSafe will speak. Cost is $18 house will be raffled June 23; tickets are $100. Germantown Performing Arts Center will Seedco Mid-South will host the Listening to Visit dreamhome.org. for nonmembers. Your Business workshop Friday, May 17, from present Bryan Adams – Solo and Acoustic Wednesday, May 22, at 8 p.m. in the Duncan- 8 a.m. to noon at Seedco, 22 N. Front St., suite The Lupus Foundation of America Mem- Red Rover Sales & Marketing will present Williams Performance Hall, 1801 Exeter Road. 900. The workshop helps existing business phis-area chapter will host the Virginia Davis “Empowering Your Sales Through Persuasive owners establish a three-year vision. Cost is Memorial Walk for Lupus Saturday, May 18, at Questioning” Wednesday, May 22, from 2 p.m. Tickets start at $77. Visit gpacweb.com. $100. Register at seedco.affiliate.fasttrac.org. 8 a.m. at the Levitt Shell, 1930 Poplar Ave. in to 4 p.m. at Red Rover, 415 S. Front St., suite Overton Park. Event-day registration is $35. 121. Ty Skinner, director of client service, will Playhouse on the Square will present “Miss St. Jude Children’s Research Hospital will Visit lupusmemphis.org. discuss how to speak to decision-makers and Saigon” through June 2 at Playhouse, 66 S. host free tours of the St. Jude Dream Home uncover how decisions are made. Cost is $199; Cooper St. Visit playhouseonthesquare.org for Saturday, May 18, and Sunday, May 19, from 10 The Booksellers at Laurelwood will host space is limited. Visit redrovercompany.com. times and tickets. 30 May 17-23, 2013 www.thememphisnews.com

Week of 5/6/13 - 5/12/13

crosswords The Weekly

Crossword Edited by Margie E. Burke The Weekly Crossword by Margie E. Burke ACROSS 1234 5678 9 10 11 12 13

1 Box-office bomb 14 15 16 5 Wound covering 9 Hoops game for 17 18 19 two 20 21 22 23 14 Stadium sound 15 Tarentino's 24 25 26 "____ Bill" 27 28 29 30 31 32 33 34 35 16 Concerning birds 36 37 38 39 17 Canyon call 40 41 42 43 18 Crazy about 19 MGM opening? 44 45 46 47 20 Hitchhiker's 48 49 50 51 need 22 Unrivaled 52 53 54 55 24 Miniseries, often 26 Dunderhead 56 57 58 59 60 61 62 63 27 Nautical 64 65 66 67 direction 30 Carpentry stock 68 69 70 32 Schools of 71 72 73 thought 36 Sneeze Copyright 2013 by The Puzzle Syndicate response 73 Scholarship 37 Upholsterer's 56 Unceremonious 38 Winter hat basis tool fall extension 39 Confused 57 White House 40 Gossipy gal DOWN 42 Lobe of the worker 41 Puppy bite 1 Guitar part brain 58 Bridle 43 Tennis tie 2 Ness, for one 45 Steinbeck title attachment 44 Elmo's street 3 Waikiki's island starter 59 Powerful wind 46 Inexperienced 4 Senior dances 47 Apprehend 61 Rum partner sailor 5 Tackle moguls 50 Laundry room 62 Mythical monster 48 Choreography 6 Apple pie spice item 63 Patrick Swayze bit 7 Chorus member 53 The Penguin, to film, "____ 49 On a higher 8 Flaxen-haired Batman House" plane 9 Muslim porter 55 TV tube gas 66 A circle lacks 51 Delay, with "off" 10 Wears out one 52 ____ we 11 Bar mitzvah, e.g. Answer to Last Week's Crossword forget... 12 Hindu garment 54 Alpine goat 13 Double-bound ST I R POSSE ALLY TYRO ACTOR L I EU 56 Ancestry compound EP I C SHAME OVAL 60 Subject of some 21 Fragrant fir PESKY EBB SUEDE HGTV shows 23 Dermal opening BOAR RA I D 64 Belgian city on 25 "My ___" (Mary ASSORT HE I R ALE the Meuse Wells classic) M I NUET ERR SPAN 65 Part of APR 27 Bottomless pit ANON A G L OW PAST 67 Scrapped, as a 28 Admiral'sWeek of charge 5/6/13SCUD - 5/12/13COO AVERSE mission 29 Lacking slack SET WH A T VECTOR 68 Intense dislike 31 Put together FEEL SEAT 69 Reunion bunch 33 Dry spell R I PEN LAP L ANCE 70 Gumbo veggie 34 Asian gambling ODOR V I TAL CEL L 71 Abe's coin mecca BOOR ANODE LEOS 72 Embraced 35 Wiped out ESPY TEPEE EDGE

Sudoku Edited by Margie E. Burke  Edited by Margie E. Burke Difficulty : Easy HOWHOW TO TO SOLVE: 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                                     Copyright 2013 by The Puzzle Syndicate www.thememphisnews.com MayMay 17 17-23, - 23, 2013 31

public notices

shown on any applicable recorded plat; Wilson & Associates, P.L.L.C., having Jackson, Tennessee 38301 Related Info Foreclosure Notices any unpaid taxes; any restrictive cov- been appointed Successor Trustee. This sale is subject to all matters Fayette County enants, easements, or setback lines NOW, THEREFORE, notice is hereby shown on any applicable recorded plat; Also read our daily edition, The Daily that may be applicable; any statutory given that the entire indebtedness has any unpaid taxes; any restrictive cov- News, in print or online every business rights of redemption of any governmental been declared due and payable; and enants, easements, or setback lines day for public notices for Memphis & agency, state or federal; any prior liens that an agent of Wilson & Associates, that may be applicable; any statutory Shelby County. NOTICE OF TRUSTEE’S SALE or encumbrances as well as any prior- P.L.L.C., as Successor Trustee, by virtue rights of redemption of any governmental Go to www.memphisdailynews.com or WHEREAS, default has occurred in the ity created by a fixture filing; and to any of the power, duty, and authority vested agency, state or federal; any prior liens call 683.NEWS for more information. performance of the covenants, terms, matter that an accurate survey of the in and imposed upon said Successor or encumbrances as well as any priority and conditions of a Deed of Trust Note premises might disclose. In addition, the Trustee will, on June 27, 2013 on or created by a fixture filing; and to any dated June 15, 2007, and the Deed of following parties may claim an interest in about 11:00 A.M., at the Madison matter that an accurate survey of the Trust of even date securing the same, the above-referenced property: Robert County Courthouse, Jackson, Tennes‑ premises might disclose. In addition, the recorded July 3, 2007, as Instrument D. Hampton; Fontaine Hampton; Don see, offer for sale certain property here- following parties may claim an interest No. 07006185 in Office of the Register Hampton inafter described to the highest bidder in the above-referenced property: John of Deeds for Fayette County, Tennessee, The sale held pursuant to this Notice FOR CASH, free from the statutory right Paul Eads; Victoria Rae Eads; John Paul about 11:00 A.M., at the Madison executed by Robert D. Hampton and may be rescinded at the Successor of redemption, homestead, dower, and Eads; Victoria Rae Eads County Courthouse, Jackson, Tennes‑ Fontaine Hampton, conveying certain Trustee’s option at any time. The right all other exemptions which are expressly The sale held pursuant to this Notice see, offer for sale certain property here- property therein described to Fayette is reserved to adjourn the day of the waived in the Deed of Trust, said property may be rescinded at the Successor inafter described to the highest bidder County Title Company as Trustee for sale to another day, time, and place being real estate situated in Madison Trustee’s option at any time. The right FOR CASH, free from the statutory right Mortgage Electronic Registration Sys- certain without further publication, upon County, Tennessee, and being more is reserved to adjourn the day of the of redemption, homestead, dower, and tems, Inc., as nominee for Oakland announcement at the time and place particularly described as follows: sale to another day, time, and place all other exemptions which are expressly Deposit Bank, its successors and for the sale set forth above. W&A No. Beginning at a stake in the South certain without further publication, upon waived in the Deed of Trust, said property assigns; and the undersigned, Wilson 1286‑235098 margin of Pinecrest Drive at the announcement at the time and place being real estate situated in Madison & Associates, P.L.L.C., having been DATED May 13, 2013 Northwest corner of Lot Number 53 for the sale set forth above. W&A No. County, Tennessee, and being more appointed Successor Trustee. WILSON & ASSOCIATES, P.L.L.C., in Section III, Watlington Woods Sub‑ 700‑168801 particularly described as follows: NOW, THEREFORE, notice is hereby Successor Trustee division, a plat of which appears of DATED April 26, 2013 Beginning at a stake in the West given that the entire indebtedness has FOR SALE INFORMATION, VISIT WWW. record in Plat Book 3, Page 128, in the WILSON & ASSOCIATES, P.L.L.C., margin of North Russell Road at the been declared due and payable; and MYFIR.COM and WWW.REALTYTRAC. Register’s Office of Madison County, Successor Trustee Northeast corner of Lot Number 28 of that an agent of Wilson & Associates, COM Tennessee; runs thence South 6 FOR SALE INFORMATION, VISIT WWW. the North Hills Subdivision, a plat of P.L.L.C., as Successor Trustee, by May 17, 24, 31, 2013 Fin11513 degrees 30 minutes West with the MYFIR.COM and WWW.REALTYTRAC. which appears of record in Plat Book virtue of the power, duty, and authority West margin of said Lot Number 53, COM 1, Page 314, in the Register’s Office vested in and imposed upon said Suc- a distance of 169.54 feet to a stake May 3, 10, 17, 2013 Fin11502 of Madison County, Tennessee; runs cessor Trustee will, on June 10, 2013 at the Southwest corner of same thence in a Northerly direction with on or about 10:00 A.M., at the Fayette Foreclosure Notices and at the Northeast corner of Lot NOTICE OF TRUSTEE’S SALE the West margin of North Russell County Courthouse, Somerville, Ten‑ Number 39 in said Subdivision; runs WHEREAS, default has occurred in the Road 90 feet to a stake at the South‑ nessee, offer for sale certain property Madison County thence North 85 degrees 58 minutes performance of the covenants, terms, east corner of Lot Number 26 in said hereinafter described to the highest West with the North line of said Lot and conditions of a Deed of Trust Note Subdivision; thence North 87 degrees bidder FOR CASH, free from the statu- Number 39 a distance of 124.91 feet dated June 24, 2010, and the Deed of 30 minutes West with the South line tory right of redemption, homestead, NOTICE OF TRUSTEE’S SALE to a stake at the Northwest corner of Trust of even date securing the same, of said Lot Number 26, 149.8 feet to dower, and all other exemptions which WHEREAS, default has occurred in the same; runs thence North 6 degrees recorded June 30, 2010, at Book T1884, a stake at the Southwest corner of are expressly waived in the Deed of performance of the covenants, terms, 30 minutes East 170 feet to a stake Page 1154 in Office of the Register of same; runs thence South 1 degrees Trust, said property being real estate and conditions of a Deed of Trust Note in the South margin of Pinecrest Deeds for Madison County, Tennessee, 11 minutes West 43 feet to a stake; situated in Fayette County, Tennessee, dated February 22, 2008, and the Deed Drive; runs thence in an Easterly executed by June L. Johnson, conveying runs thence South 46 degrees 11 and being more particularly described of Trust of even date securing the same, direction with the South margin of certain property therein described to Ar- minutes West 30 feet to a stake at the as follows: recorded March 3, 2008, at Book T1825, Pinecrest Drive 125 feet to a point nold M. Weiss, Esq., as Trustee for Wells Northwest corner of said Lot Number Lot 34, Section A, Oakland Meadows Page 1930 in Office of the Register of of beginning. Being Lot Number 54 Fargo Bank, N.A.; and the undersigned, 28 in said Subdivision; thence in an Subdivision, as shown on plat of re‑ Deeds for Madison County, Tennessee, in Section III of Watlington Woods Wilson & Associates, P.L.L.C., having Easterly direction with the North line cord in Plat Book 7, Page 154, in the executed by John Paul Eads, Victoria Rae Subdivision, a plat of which appears been appointed Successor Trustee. of said Lot Number 28, 164.2 feet to Register’s Office of Fayette County, Eads, John Paul Eads, and Victoria Rae of record in Plat Book 3, Page 128, NOW, THEREFORE, notice is hereby a stake in the West margin of North Tennessee, to which plat reference Eads, conveying certain property therein in the Register’s Office of Madison given that the entire indebtedness has Russell Road, being the point of be‑ is hereby made for a more particular described to Holmes, Rich & Sigler as County, Tennessee. been declared due and payable; and ginning and being Lot Number 27 of description of said property. Trustee for Mortgage Electronic Registra- The Southern 7.5 feet of said lot are that an agent of Wilson & Associates, the North Hills Subdivision, appearing ALSO KNOWN AS: 150 Mack Ed‑ tion Systems, Inc., as nominee for First subject to a drainage easement and P.L.L.C., as Successor Trustee, by virtue of record in Plat Book 1, Page 314, wards Drive, Oakland, Tennessee Tennessee Home Loans, a Division of utility easement as shown on the of the power, duty, and authority vested in the Register’s Office of Madison 38060‑3415 First Tennessee Bank, N.A., its succes- recorded plat of said subdivision. in and imposed upon said Successor This sale is subject to all matters sors and assigns.; and the undersigned, ALSO KNOWN AS: 96 Pinecrest Drive, Trustee will, on May 30, 2013 on or Continued on page 32 32 MayMay 17-23,17 - 23, 2013 2013 www.thememphisnews.com

public notices

Foreclosure Notices Lot Number 14 a distance of 124.19 South 69 degrees West with the or encumbrances as well as any priority is reserved to adjourn the day of the Continued from page 31 feet to an iron pin in the South line North margin of Prince Drive 70 feet created by a fixture filing; and to any sale to another day, time, and place of Lot Number 3, Section I in said to the point of beginning. Being Lot matter that an accurate survey of the certain without further publication, upon County, Tennessee. Subdivision; runs thence South 76 Number 13 in Block Number 1 of Ma‑ premises might disclose. In addition, the announcement at the time and place ALSO KNOWN AS: 489 Russell Road, degrees 50 minutes East with the ness Subdivision Number 2, a plat of following parties may claim an interest for the sale set forth above. W&A No. Jackson, Tennessee 38301‑3438 South line of Lot Numbers 3 and 4 a which appears of record in Plat Book in the above-referenced property: Van 846‑180433 This sale is subject to all matters distance of 203.52 feet to the point 1, Page 244, in the Register’s Office Gibson , Jr.; Secretary of Housing & DATED April 8, 2013 shown on any applicable recorded plat; of beginning. Being Lot Number 15, of Madison County, Tennessee. Urban Development; Van Gibson , Jr.; WILSON & ASSOCIATES, P.L.L.C., any unpaid taxes; any restrictive cov- Section II of Orchard Hill Subdivision, ALSO KNOWN AS: 31 Prince Drive, Leonard Gibson, heir of the Estate of Successor Trustee enants, easements, or setback lines platted as aforesaid, and as surveyed Jackson, Tennessee 38301 Van Gibson; Heirs of Van Gibson, Jr. FOR SALE INFORMATION, VISIT WWW. that may be applicable; any statutory by Thomas L. Dean Associates on This sale is subject to all matters The sale held pursuant to this Notice MYFIR.COM and WWW.REALTYTRAC. rights of redemption of any governmental September 30, 1986. shown on any applicable recorded plat; may be rescinded at the Successor COM agency, state or federal; any prior liens ALSO KNOWN AS: 9 Chuck Cove, any unpaid taxes; any restrictive cov- Trustee’s option at any time. The right May 17, 24, 31, 2013 Fin11515 or encumbrances as well as any priority Jackson, Tennessee 38301 enants, easements, or setback lines is reserved to adjourn the day of the created by a fixture filing; and to any This sale is subject to all matters that may be applicable; any statutory sale to another day, time, and place matter that an accurate survey of the shown on any applicable recorded plat; rights of redemption of any governmental certain without further publication, upon premises might disclose. In addition, the any unpaid taxes; any restrictive cov- agency, state or federal; any prior liens announcement at the time and place Foreclosure Notices following parties may claim an interest in enants, easements, or setback lines or encumbrances as well as any priority for the sale set forth above. W&A No. the above-referenced property: June L. that may be applicable; any statutory created by a fixture filing; and to any 1626‑231347 Tipton County Johnson; Estate of June L. Johnson; Heir rights of redemption of any governmental matter that an accurate survey of the DATED May 9, 2013 of June L. Johnson; June Lim Johnson, agency, state or federal; any prior liens premises might disclose. In addition, the WILSON & ASSOCIATES, P.L.L.C., Trustee of the Jun Lim Johnson Revo‑ or encumbrances as well as any priority following parties may claim an interest in Successor Trustee NOTICE OF TRUSTEE’S SALE cable Trust; The Heirs to the Estate created by a fixture filing; and to any the above-referenced property: George FOR SALE INFORMATION, VISIT WWW. WHEREAS, default has occurred in the of June L. Johnson; June Lim Johnson matter that an accurate survey of the Williams; Amber Williams; Midland MYFIR.COM and WWW.REALTYTRAC. performance of the covenants, terms, Revocable Trust premises might disclose. In addition, the Funding LLC Assignee of Beneficial COM and conditions of a Deed of Trust Note The sale held pursuant to this Notice following parties may claim an interest The sale held pursuant to this Notice May 17, 24, 31, 2013 Fin11514 dated July 19, 2004, and the Deed of may be rescinded at the Successor in the above-referenced property: Eric may be rescinded at the Successor Trust of even date securing the same, Trustee’s option at any time. The right Boyd; Latoya Boyd; Accredited Home Trustee’s option at any time. The right NOTICE OF TRUSTEE’S SALE recorded July 28, 2004, at Book 1153, is reserved to adjourn the day of the Lenders, Inc.; Mortgage Electronic is reserved to adjourn the day of the WHEREAS, default has occurred in the Page 612 in Office of the Register of sale to another day, time, and place Registration Systems, Inc. as nominee sale to another day, time, and place performance of the covenants, terms, Deeds for Tipton County, Tennessee, certain without further publication, upon for Accredited Home Lenders, Inc.; certain without further publication, upon and conditions of a Deed of Trust Note executed by David D. Fox, Sr. and Donna announcement at the time and place Franklin Credit Management Corpora‑ announcement at the time and place dated September 4, 2007, and the S. Fox, conveying certain property therein for the sale set forth above. W&A No. tion for the sale set forth above. W&A No. Deed of Trust of even date securing the described to Transcontinental Title as 1286‑234919 The sale held pursuant to this Notice 700‑189468 same, recorded September 7, 2007, Trustee for ABN AMRO Mortgage Group, DATED April 25, 2013 may be rescinded at the Successor DATED May 1, 2013 at Book T1811, Page 258 in Office Inc.; and the undersigned, Wilson & WILSON & ASSOCIATES, P.L.L.C., Trustee’s option at any time. The right WILSON & ASSOCIATES, P.L.L.C., of the Register of Deeds for Madison Associates, P.L.L.C., having been ap- Successor Trustee is reserved to adjourn the day of the Successor Trustee County, Tennessee, executed by William pointed Successor Trustee. FOR SALE INFORMATION, VISIT WWW. sale to another day, time, and place FOR SALE INFORMATION, VISIT WWW. Eric Davis, conveying certain property NOW, THEREFORE, notice is hereby MYFIR.COM and WWW.REALTYTRAC. certain without further publication, upon MYFIR.COM and WWW.REALTYTRAC. therein described to Teel McCormack given that the entire indebtedness has COM announcement at the time and place COM and Maroney as Trustee for Mortgage been declared due and payable; and May 3, 10, 17, 2013 Fin11504 for the sale set forth above. W&A No. May 10, 17, 24, 2013 Fin11507 Electronic Registration Systems, Inc., that an agent of Wilson & Associates, 700‑164663 as a separate corporation that is acting P.L.L.C., as Successor Trustee, by virtue NOTICE OF TRUSTEE’S SALE DATED April 29, 2013 NOTICE OF TRUSTEE’S SALE solely as a nominee for M&T Bank and of the power, duty, and authority vested WHEREAS, default has occurred in the WILSON & ASSOCIATES, P.L.L.C., WHEREAS, default has occurred in the M&T Bank’s successors and assigns; in and imposed upon said Successor performance of the covenants, terms, Successor Trustee performance of the covenants, terms, and the undersigned, Wilson & Associ- Trustee will, on June 5, 2013 on or and conditions of a Deed of Trust Note FOR SALE INFORMATION, VISIT WWW. and conditions of a Deed of Trust Note ates, P.L.L.C., having been appointed about 10:00 A.M., at the Tipton County dated November 22, 2005, and the MYFIR.COM and WWW.REALTYTRAC. dated December 27, 2007, and the Successor Trustee. Courthouse, Covington, Tennessee, o f- Deed of Trust of even date securing the COM Deed of Trust of even date securing NOW, THEREFORE, notice is hereby fer for sale certain property hereinafter same, recorded December 7, 2005, at May 10, 17, 24, 2013 Fin11506 the same, recorded January 18, 2008, given that the entire indebtedness has described to the highest bidder FOR Book T1723, Page 279 in Office of the at Book T1822, Page 1102 in Office been declared due and payable; and CASH, free from the statutory right of Register of Deeds for Madison County, NOTICE OF TRUSTEE’S SALE of the Register of Deeds for Madison that an agent of Wilson & Associates, redemption, homestead, dower, and all Tennessee, executed by Eric Boyd and WHEREAS, default has occurred in the County, Tennessee, executed by Van P.L.L.C., as Successor Trustee, by virtue other exemptions which are expressly Latoya Boyd, conveying certain property performance of the covenants, terms, Gibson, Jr., conveying certain property of the power, duty, and authority vested waived in the Deed of Trust, said prop- therein described to Holmes, Rich & and conditions of a Deed of Trust Note therein described to Arnold M. Weiss, in and imposed upon said Successor erty being real estate situated in Tipton Sigler, PC as Trustee for Mortgage dated July 10, 2007, and the Deed of Attorney at Law, Weiss Spicer, PLLC as Trustee will, on June 13, 2013 on or County, Tennessee, and being more Electronic Registration Systems, Inc., as Trust of even date securing the same, Trustee for Residential Loan Centers about 11:00 A.M., at the Madison particularly described as follows: nominee for Accredited Home Lenders, recorded July 12, 2007, at Book T1805, of America, Inc.; and the undersigned, County Courthouse, Jackson, Ten‑ The following‑described real estate, Inc., a California Corporation, its succes- Page 309 in Office of the Register of Wilson & Associates, P.L.L.C., having nessee, offer for sale certain property situated and being in the County of sors and assigns; and the undersigned, Deeds for Madison County, Tennessee, been appointed Successor Trustee. hereinafter described to the highest Shelby, State of Tennessee. Wilson & Associates, P.L.L.C., having executed by George Williams and Amber NOW, THEREFORE, notice is hereby bidder FOR CASH, free from the statu- Being Lot No. 16, Beaver Subdivi‑ been appointed Successor Trustee. Williams, conveying certain property given that the entire indebtedness has tory right of redemption, homestead, sion, Section B, by plat of record NOW, THEREFORE, notice is hereby therein described to Byrd & Byrd as been declared due and payable; and dower, and all other exemptions which in Plat Cabinet B, Slide 89, of the given that the entire indebtedness has Trustee for Mortgage Electronic Registra- that an agent of Wilson & Associates, are expressly waived in the Deed of Register’s Office of Tipton County, been declared due and payable; and tion Systems, Inc. as nominee for M&T P.L.L.C., as Successor Trustee, by virtue Trust, said property being real estate Tennessee. that an agent of Wilson & Associates, Bank, its successors and assigns; and of the power, duty, and authority vested situated in Madison County, Tennessee, ALSO KNOWN AS: 247 Beaver Creek P.L.L.C., as Successor Trustee, by virtue the undersigned, Wilson & Associates, in and imposed upon said Successor and being more particularly described Lane, Brighton, Tennessee 38011 of the power, duty, and authority vested P.L.L.C., having been appointed Suc- Trustee will, on July 11, 2013 on or about as follows: This sale is subject to all matters in and imposed upon said Successor cessor Trustee. 11:00 A.M., at the Madison County Described property located in Madi‑ shown on any applicable recorded plat; Trustee will, on June 6, 2013 on or about NOW, THEREFORE, notice is hereby Courthouse, Jackson, Tennessee, of- son County, Tennessee, to wit: any unpaid taxes; any restrictive cov- 11:00 A.M., at the Madison County given that the entire indebtedness has fer for sale certain property hereinafter Beginning at a point on the west enants, easements, or setback lines Courthouse, Jackson, Tennessee, of- been declared due and payable; and described to the highest bidder FOR margin of Barnes Road at Abbott’s that may be applicable; any statutory fer for sale certain property hereinafter that an agent of Wilson & Associates, CASH, free from the statutory right of northeast Corner; thence with said rights of redemption of any governmental described to the highest bidder FOR P.L.L.C., as Successor Trustee, by virtue redemption, homestead, dower, and all margin North 20 feet to a point in agency, state or federal; any prior liens CASH, free from the statutory right of of the power, duty, and authority vested other exemptions which are expressly Carter’s line; thence with Carter’s or encumbrances as well as any priority redemption, homestead, dower, and all in and imposed upon said Successor waived in the Deed of Trust, said property line North 200 thence with same created by a fixture filing; and to any other exemptions which are expressly Trustee will, on June 6, 2013 on or about being real estate situated in Madison North 81 degrees 42 minutes West matter that an accurate survey of the waived in the Deed of Trust, said property 11:00 A.M., at the Madison County County, Tennessee, and being more 200 feet to a point; thence South 220 premises might disclose. In addition, the being real estate situated in Madison Courthouse, Jackson, Tennessee, of- particularly described as follows: feet to a point in Abbott’s north line; following parties may claim an interest County, Tennessee, and being more fer for sale certain property hereinafter A certain tract or parcel of land lo‑ thence with Abbott’s North line South in the above-referenced property: David particularly described as follows: described to the highest bidder FOR cated in Madison County, Tennessee, 81 degrees 42 minutes East 220 feet D. Fox Sr.; Donna S. Fox Beginning at an iron pin in the West CASH, free from the statutory right of described as follows to wit: to the point of beginning. The sale held pursuant to this Notice margin of right‑of‑way of Charles redemption, homestead, dower, and all Beginning at a stake in the West Being the same property conveyed to may be rescinded at the Successor Latham Drive, said point being the other exemptions which are expressly margin of North Royal Street and 4 and William E. Davis by deed of record in Trustee’s option at any time. The right Southeast corner of Lot Number 4, waived in the Deed of Trust, said property one half feet North of the Northeast Deed Book 689, Page 1722, in the is reserved to adjourn the day of the Section II of Orchard Hill Subdivision, being real estate situated in Madison corner of J.S. Swayne residence lot, Register’s Office of Madison County, sale to another day, time, and place a plat of which appears of record County, Tennessee, and being more sometimes known as the Lawrence Tennessee. certain without further publication, upon in Plat Book 4, Page 294, in the particularly described as follows: Taylor lot; and runs thence North ALSO KNOWN AS: 319 Barnes Road, announcement at the time and place Register’s Office of Madison County, Beginning at a stake in the North with said West margin of North Royal Medina, Tennessee 38355 for the sale set forth above. W&A No. Tennessee; runs thence South 02 margin of Prince Drive at a point Street 94 and one half feet to the The HB 3588 letter was mailed to 817‑214243 degrees 30 minutes West with the North 69 degrees East 210 feet from Southeast corner of the L.J. Wagner the borrower(s) pursuant to Tennessee DATED April 30, 2013 West margin of Charles Latham Drive the Southeast corner of Lot Number lot; thence West at right angles to Code Annotated 35-5-117. This sale is WILSON & ASSOCIATES, P.L.L.C., a distance of 71.3 feet to a point; runs 9 in Block 1 of Maness Subdivision said North Royal Street 250 feet, more subject to all matters shown on any ap- Successor Trustee thence in a Southwesterly direction Number 2, as the same appears of or less, to a stake; thence South paral‑ plicable recorded plat; any unpaid taxes; FOR SALE INFORMATION, VISIT WWW. and following a curve to the right record in Plat Book 1, Page 244, in the lel to the West margin of said North any restrictive covenants, easements, or MYFIR.COM and WWW.REALTYTRAC. having a radius of 16 feet a distance Register’s Office of Madison County, Royal Street 94 and one half feet to setback lines that may be applicable; COM of 25.13 feet to a point in the North Tennessee, being also the Southeast a stake; thence East parallel with a any statutory rights of redemption of any May 3, 10, 17, 2013 Fin11501 margin right‑of‑way of Chuck Cove; corner of Lot Number 12 in Block 1 4 and one half feet North of the said governmental agency, state or federal; runs thence North 87 degrees 30 of said Maness Subdivision Number J.S. Swayne residence lot 250 feet, any prior liens or encumbrances as NOTICE OF TRUSTEE’S SALE minutes West with the North margin 2; runs thence North 17 degrees more or less, to the beginning. well as any priority created by a fixture WHEREAS, default has occurred in the of Chuck Cove a distance of 177.5 West 142.5 feet to a stake at the ALSO KNOWN AS: 465 North Royal filing; and to any matter that an accurate performance of the covenants, terms, feet to a point; runs thence in a Southwest corner of Lot Number 6 in Street, Jackson, Tennessee 38301 survey of the premises might disclose. and conditions of a Deed of Trust Note Northwesterly direction and following Block 1 of said Maness Subdivision This sale is subject to all matters In addition, the following parties may dated June 7, 2006, and the Deed of a curve to the right having a radius Number 2; thence with the South shown on any applicable recorded plat; claim an interest in the above-referenced Trust of even date securing the same, of 25 feet a distance of 6.27 feet to margin of said Lot Number 6, North any unpaid taxes; any restrictive cov- property: William Eric Davis; Regional recorded June 19, 2006, at Book 1281, an iron pin at the Southeast corner 71 degrees East 70 feet to a stake enants, easements, or setback lines Hospital Jackson; M&T Bank Page 777 in Office of the Register of of Lot Number 14 in said Subdivision; in LaFon’s West line; thence South that may be applicable; any statutory The sale held pursuant to this Notice Deeds for Tipton County, Tennessee, runs thence North 02 degrees 30 17 degrees 140 feet to a stake in the rights of redemption of any governmental may be rescinded at the Successor executed by Thomas E. Langford, Lesa minutes East with the East line of North margin of Prince Drive; thence agency, state or federal; any prior liens Trustee’s option at any time. The right A. Langford, Thomas Langford and Lesa www.thememphisnews.com MayMay 17 17-23, - 23, 2013 33

public notices

Langford, conveying certain property Beginning at a found iron post being in Lot 15, Witherington Estates, Section Tennessee, sell at public outcry to the Related Info therein described to First American the West right of way line of Sandpiper B, as shown on plat of record in Plat highest bidder for cash (or credit upon Title Insurance Company as Trustee Drive (60.00 feet total right of way) Cabinet C, Slide 148, in the Register’s the indebtedness secured, if the holder Also read our daily edition, The Daily for National Mortgage Network; and being the Northeast corner of Lot 18 Office, Tipton County, Tennessee, to is the successful purchaser) the follow- News, in print or online every business the undersigned, Wilson & Associates, of Baskin Heights Subdivision, Sec‑ which plat reference is hereby made ing described property located in Tipton day for public notices for Memphis & P.L.L.C., having been appointed Suc- tion A, as recorded in Plat Cabinet B, for a more particular description of County, Tennessee, to wit: Shelby County. cessor Trustee. Slide 123, also being the Southeast said property. Lot 9, Section B, Strong Subdivision, Go to www.memphisdailynews.com or NOW, THEREFORE, notice is hereby corner of Lot 19 of said subdivision; ALSO KNOWN AS: 100 Margaret as shown on plat of record in Plat call 683.NEWS for more information. given that the entire indebtedness has thence in a Southwesterly direction, Place, Munford, Tennessee 38058 Cabinet A, Slide 170, in the Register’s been declared due and payable; and along the West right of way line of This sale is subject to all matters Office of Tipton County, Tennessee, to that an agent of Wilson & Associates, Sandpiper Drive (60.00 feet total shown on any applicable recorded plat; which plan reference is hereby made P.L.L.C., as Successor Trustee, by virtue right of way) South 03 degrees 00 any unpaid taxes; any restrictive cov- for a more complete and accurate of the power, duty, and authority vested minutes 00 seconds West, 100 feet enants, easements, or setback lines description. in and imposed upon said Successor to the Southeast corner of Lot 18, that may be applicable; any statutory BEING the same property conveyed to Trustee will, on June 5, 2013 on or also being the Northeast corner of rights of redemption of any governmental Rex Pettijohn and Jane Fenton, T/I/C, tion, homestead, dower and all other about 10:00 A.M., at the Tipton County Lot 17 of said subdivision; thence agency, state or federal; any prior liens by deed recorded 8/7-2 in Book 1015, exceptions are expressly waived in said Courthouse, Covington, Tennessee, o f- in a Northwesterly direction, along or encumbrances as well as any priority Page 488, in the Register of Deeds Deed of Trust, and the title is believed fer for sale certain property hereinafter the South line of Lot 18, also being created by a fixture filing; and to any Office for Tipton County, Tennessee. to be good, but the Substitute Trustee described to the highest bidder FOR the North line of Lot 17, North 86 matter that an accurate survey of the This is improved property known as will convey and sell only as Substitute CASH, free from the statutory right of degrees 39 minutes 14 seconds premises might disclose. In addition, the 65 Laverne, Atoka, TN Trustee. The right is reserved to adjourn redemption, homestead, dower, and all West, 200.00 feet to a found iron following parties may claim an interest in If there is any discrepancy with the the day of the sale to another day or other exemptions which are expressly post being the Southwest corner of the above-referenced property: David A. street address, the legal description will time certain without further publication, waived in the Deed of Trust, said prop- Lot 18, also being in the East line of Delones; Debra L. Delones; SouthTrust control. upon announcement at the time for erty being real estate situated in Tipton Lot 62 of Baskin Heights Subdivision, Bank, National Association; Debra At the time of this publication, the § the above. County, Tennessee, and being more Section B, as recorded at Plat Cabinet Delones, f/k/a Debra L. Le 35‐5‐117 notice of the right to fore- This is an attempt to collect a debt particularly described as follows: B, Slides 127 and 128; thence in a The sale held pursuant to this Notice close was timely forwarded. The sale and any information obtained will be A certain tract or parcel of land in Northeastwardly direction, along the may be rescinded at the Successor of the property described in said Deed used for that purpose. Tipton County, State of Tennessee, West line of Lot 18 and the East line of Trustee’s option at any time. The right of Trust shall be subject to any and all Other interested parties: LVNV Fund- described as follows, to‑wit: Lot 62, North 03 degrees 00 minutes is reserved to adjourn the day of the instrument of record, prior liens, encum- ing, LLC Lot 684, Section B, Phase 2, Blaydes 00 seconds East, 100.00 feet to a sale to another day, time, and place brances, deeds of trust, easements, This 9th day of May, 2013. Estates Subdivision, as shown on found iron post being the Northwest certain without further publication, upon restrictions, building lines, unpaid taxes, William Timothy Hill, Substitute plat of record in Plat Cabinet G, corner of Lot 18, also being the announcement at the time and place assessments, penalties and interest, Trustee Slide 24‑A, in the Register’s Office of Southwest corner of Lot 19; thence for the sale set forth above. W&A No. if any. All right and equity of redemp- May 10, 17, 24, 2013 Fin11512 Tipton County, Tennessee, to which in a Southeastwardly direction, along 1286‑131929 plat reference is hereby made for a the North line of Lot 18 and the South DATED May 1, 2013 more particular description of said line of Lot 19, South 86 degrees 39 WILSON & ASSOCIATES, P.L.L.C., property. minutes 14 second East, 200 feet to Successor Trustee • Sales Comparables ALSO KNOWN AS: 522 Farmer Trail, the point of beginning and containing FOR SALE INFORMATION, VISIT WWW. Atoka, Tennessee 38004 0.46 acres, more or less. MYFIR.COM and WWW.REALTYTRAC. This sale is subject to all matters ALSO KNOWN AS: 1444 Sandpiper COM shown on any applicable recorded plat; Drive, Covington, Tennessee 38109 May 10, 17, 24, 2013 Fin11509 • Thousands of Photos any unpaid taxes; any restrictive cov- This sale is subject to all matters enants, easements, or setback lines shown on any applicable recorded plat; NOTICE OF FORECLOSURE that may be applicable; any statutory any unpaid taxes; any restrictive cov- AND SUBSTITUTE TRUSTEE’S SALE rights of redemption of any governmental enants, easements, or setback lines Default having been made in the • Commercial Property Profiles agency, state or federal; any prior liens that may be applicable; any statutory terms and conditions of payments, pur- or encumbrances as well as any priority rights of redemption of any governmental suant to a certain Deed of Trust executed created by a fixture filing; and to any agency, state or federal; any prior liens or by Rex Pettijohn and Jane Fenton, both matter that an accurate survey of the encumbrances as well as any priority cre- unmarried, to Trace Robbins, Trustee, • Complete Sales History premises might disclose. In addition, the ated by a fixture filing; and to any matter dated the 25th day of July, 2007 and following parties may claim an interest in that an accurate survey of the premises being of record in Book 1356, Page 163, the above-referenced property: Thomas might disclose. In addition, the following Register’s Office for Tipton County, Ten- E. Langford; Lesa A. Langford; Mortgage parties may claim an interest in the nessee, referred to herein as the deed • Sales & Construction Activity Reports Electronic Registration Systems, Inc.; above-referenced property: Sharhonda of trust, which conveyed certain real WMC Mortgage Corporation; Thomas Brent; Fentress C. Buford property, appurtenances, estate, title Langford; Lesa Langford The sale held pursuant to this Notice and interest therein in trust to secure the The sale held pursuant to this Notice may be rescinded at the Successor indebtedness described therein, which • And much more! may be rescinded at the Successor Trustee’s option at any time. The right indebtedness is now due and unpaid and Trustee’s option at any time. The right is reserved to adjourn the day of the has been declared in default by the law- is reserved to adjourn the day of the sale to another day, time, and place ful owner thereof, Beneficial Tennessee, sale to another day, time, and place certain without further publication, upon Inc. Appointment of Substitute Trustee certain without further publication, upon announcement at the time and place having been duly executed by the holder announcement at the time and place for the sale set forth above. W&A No. of the note and beneficiary of said Deed for the sale set forth above. W&A No. 931‑111971 of Trust, and appointing William Timothy 700‑154936 DATED May 6, 2013 Hill as Substitute Trustee. DATED May 6, 2013 WILSON & ASSOCIATES, P.L.L.C., NOW, THEREFORE, I, William Timothy WILSON & ASSOCIATES, P.L.L.C., Successor Trustee Hill, Trustee, pursuant to the said Deed Successor Trustee FOR SALE INFORMATION, VISIT WWW. of Trust, having been requested by the The standard for Mid-South real estate FOR SALE INFORMATION, VISIT WWW. MYFIR.COM and WWW.REALTYTRAC. owner and holder of said indebtedness MYFIR.COM and WWW.REALTYTRAC. COM so to do, by virtue of the authority and information since 1968 COM May 10, 17, 24, 2013 Fin11508 power vested in me by said deed of trust May 10, 17, 24, 2013 Fin11505 and appointing of Substitute Trustee Call 458-6419 or go to NOTICE OF TRUSTEE’S SALE will on the 31st day of May, 2013, at NOTICE OF TRUSTEE’S SALE WHEREAS, default has occurred in the 12:00 noon, on the front door of the www.chandlerreports.com WHEREAS, default has occurred in the performance of the covenants, terms, Tipton County Courthouse, Covington, performance of the covenants, terms, and conditions of a Deed of Trust Note and conditions of a Deed of Trust Note dated April 19, 2000, and the Deed of dated February 27, 2006, and the Deed Trust of even date securing the same, of Trust of even date securing the same, recorded May 15, 2000, at Book 901, recorded April 24, 2006, at Book 1270, Page 425 in Office of the Register of SURGEON GENERAL’S Page 691 in Office of the Register of Deeds for Tipton County, Tennessee, Deeds for Tipton County, Tennessee, executed by David A. Delones, Debra WARNING: executed by Sharhonda Brent, convey- L. Delones and Debra Delones, f/k/a ing certain property therein described Debra L. Le, conveying certain property Cigarette Smoking to Holmes, Rich, Sigler & Riddick, At- therein described to SouthTrust Bank, Causes Lung Cancer. tys as Trustee for Centex Home Equity NA as Trustee for SouthTrust Mortgage Company, LLC; and the undersigned, Corporation; and the undersigned, Wil- Wilson & Associates, P.L.L.C., having son & Associates, P.L.L.C., having been been appointed Successor Trustee. appointed Successor Trustee. NOW, THEREFORE, notice is hereby NOW, THEREFORE, notice is hereby given that the entire indebtedness has given that the entire indebtedness has been declared due and payable; and been declared due and payable; and SURGEON GENERAL’S that an agent of Wilson & Associates, that an agent of Wilson & Associates, P.L.L.C., as Successor Trustee, by virtue P.L.L.C., as Successor Trustee, by virtue WARNING: of the power, duty, and authority vested of the power, duty, and authority vested in and imposed upon said Successor in and imposed upon said Successor Trustee will, on June 5, 2013 on or Trustee will, on June 5, 2013 on or Radon Causes Lung Cancer. about 10:00 A.M., at the Tipton County about 10:00 A.M., at the Tipton County You Should Test Your Home. Courthouse, Covington, Tennessee, o f- Courthouse, Covington, Tennessee, o f- fer for sale certain property hereinafter fer for sale certain property hereinafter described to the highest bidder FOR described to the highest bidder FOR CASH, free from the statutory right of CASH, free from the statutory right of The U.S. Surgeon General recommends that your home be tested for Radon. Radon is the second redemption, homestead, dower, and all redemption, homestead, dower, and all leading cause of lung cancer. If you have never smoked, Radon is the number one cause of lung other exemptions which are expressly other exemptions which are expressly cancer. Radon is an invisible radioactive gas that seeps into your home from underground, and the waived in the Deed of Trust, said prop- waived in the Deed of Trust, said prop- only way you can tell if you have dangerous levels of Radon in your home is to test for it. Radon erty being real estate situated in Tipton erty being real estate situated in Tipton problems can be easily fixed. For testing information, call or visit: County, Tennessee, and being more County, Tennessee, and being more particularly described as follows: particularly described as follows: 1-800-SOS-RADON www.epa.gov/radon 34 May 17-23, 2013 www.thememphisnews.com

opinion

School System Can’t Park, Giving Back Issue Settle for Status Quo Fond Farewell ... for Now Hard to believe, but almost and together we can do great things! hen schools across have to do what they do now – search three years has passed since I wrote So, engagement will always remain my Shelby County carefully for not only the right school but the first “Giving Back” column in 2010. focus and I hope will remain yours, as open on Aug. 5, the the right teachers in the right school and Credit goes to James Overstreet, as- well. consolidation of then for several years pray for all of the sociate publisher of The Daily News, Now the time has come for me to the city and county right things about the school to remain in who pulled me aside one day and asked say goodbye, at least temporarily. This public school sys- place and plan for a move if they don’t. if I had ever thought about sharing my will be my last “Giving Back” column temsW will remain a work in progress. Eliminating that element of educa- ideas and some of our Lipscomb Pitts with The Daily News. I want to person- And that is not the way this was sup- tion roulette wasn’t going to be done in a Breakfast Club philanthropic efforts ally thank the whole Daily News team posed to work. single school year. But it was not unrea- with a broader audience. for affording me the chance to Maybe it was naïve to believe the sonable to hope we could at least make What started as an idea to have a voice in sharing some some progress toward that goal before the sentiment expressed over and over that share helpful tips, quickly of the positive stories from the merger would be about creating a new merger. evolved into a pipeline for across the Mid-South. Indeed, school system with new expectations and What has made the difference are positive stories, a spotlight it is a tremendous honor to be new possibilities. the larger education reforms that are not for local nonprofits, and a small part of the movement But settling for clinging to the same part of the merger and the leaders who an avenue to provide easy taking place here in our city, school experience does not represent the emerged from circumstances no one ways to get more engaged where positive energy is work- middle ground in the array of sentiments could have foreseen. in our community. Jeremy Park ing to create a tidal wave of that most parents have experienced in the In that regard, Dorsey Hopson, the Looking back, I am giving back opportunity for everyone. last two years. general counsel turned interim superin- proud to say that we were You will still be able to fol- It may be comforting to parents in tendent, is the leader the merger needs at able to highlight the efforts of around low me and our Lipscomb Pitts Break- some parts of Shelby County. It most this precise moment and for the foresee- a hundred nonprofits that are all doing fast Club efforts in our free weekly email certainly is not to parents in other parts of able future. amazing work in the Mid-South. More newsletters, on our radio and television Shelby County. Hopson has not hesitated to remind a shows, and at our events. Our LPBC “Us and them” are still present in our too-large school board of the urgency of important, though, is the fact that many discussion about improving local educa- making decisions. He has made the tough of you did not just read the columns, but Radio Show airs each Saturday from 1 tion. calls including a second tier of school actually responded by stepping up and p.m. to 2 p.m. on AM 990 and our televi- Fortunately, parents have alternatives closings that are more in line with the getting engaged. Over the years we had sion show, “The Spark,” airs the third that have emerged as pillars of stabil- recommendations of the transition plan- countless success stories of readers Thursday of each month at 9 p.m. on ity despite their newness to Memphis ning commission – 12 more schools in the stepping up to volunteer, become men- WKNO-TV. education – charter schools, Achieve- 2014-2015 school year, if the school board tors, attend events, raise money, and Once again, thank you to The Daily ment School District schools, even private will follow through. host food, clothing and toy drives. News for the amazing opportunity and a school efforts like Jubilee schools that The board should also follow through We have talked about it before, but huge thank you to each of you for taking continue to blur the line between public on direct talks with suburban leaders on the key to our success as a city, region the time to read and follow the column and private education. the terms of the coming separation of the and nation is engagement. While money over the last three years. I truly appreci- The fact that the countywide public suburbs to municipal school districts. is a great resource, people provide the ate it! school system must compete against This isn’t yet a new day for education real power in making a difference and these institutions for students and teach- and that’s disappointing. But the pursuit moving our community forward. A dollar Jeremy Park, president of the Lipscomb ers is the most significant factor in chang- of that new day shouldn’t end with settling bill cannot walk, talk or physically solve Pitts Breakfast Club, can be reached at jer- ing the abysmal trajectory of education in for the status quo on Aug. 5 when the any problems. We must lend our time, [email protected] and followed on our community. school bells ring. There is still work to be talents and energy to being a part of the Twitter (@lpbreakfastclub) and Facebook The goal has been for parents to not done. solution. Each of us has a part to play (facebook.com/lpbreakfastclub).

An Uplifting Story of Two Bo’s, One Town

THANK YOU, Z’BO AND C’BO. here. Z’Bo’s grit is on display in our who are examples of how you don’t give And thank you, Michael. state of the art Grind House where he up, you take the hit and keep grinding. Last week, my son reminded me to resuscitated a career. For C’Bo, it was in I’m proud of them both. write a column about the Grizzlies. So I our state of the art Neonatal Intensive “So, when the naysayers of Mem- did. This week, a good friend comment- Care Unit where he had to be resusci- phis get revved up – whether in Los An- ing on that column reminded me of why MEMPHASIS tated, several times. geles, Nashville, Germantown, or Mid- I write them in the first place, and then dan conaway They both have had to put in thou- town – we need to call ‘bulls--t’ because wrote one for me. sands of hours of hard, grinding work to their predictions of doom and gloom A little about basketball. A little three other teams, had a trunk full of get to where they are. are not any more accurate than the pre- about Memphis. All about heart. baggage, and was not generally given For Z’Bo, it’s been about learning to dictions about the Bo’s were. Your job “Danny, much chance to do well, much less lead walk over the opposition. is to keep writing columns that not only “Your column got me thinking about the Grizz into the rarified air of the NBA For C’Bo, it’s been about just learn- call attention to the great things in this things; which as we both know, can be playoffs. ing to walk. And they’ve had to take town, but also call ‘BS’ when required. pretty dangerous. Not to mention, it “Charles arrived here three months that toughness on the road – for Z’Bo “Keep up the good work, makes my head hurt. early, had a hospital full of problems, it’s walking into the lion’s den in Los Michael” “For me, a 6’9”, 260lb black power and was not generally given a chance to Angeles or OKC, and for C’Bo it’s being I’m a Memphian, and Michael Row- forward named Zach with a wicked in- survive, much less thrive and watch his wheeled into surgical dens at children’s land just reminded me of how good that side game who goes by the moniker of hero drive the Grizz deep into the NBA hospitals in Memphis and St. Louis. can feel. Z’Bo, and a 3’9”, 46lb white kid named playoffs. “So, when I look at Charles and Charles with cerebral palsy who goes “Both have made the most of their Zach I see not only my son and a bas- Dan Conaway is a lifelong Mem- by the nickname C’Bo lend proof that second chance in the Bluff City. ketball player – I see two people who phian, longtime adman and aspiring this city is about something special. “Both Bo’s are full of the grit and are examples of what it means to be a local character in a city known for them. Randolph arrived here after playing for grind that has become a badge of honor Memphian. A man and a not yet man Email [email protected]. www.thememphisnews.com May 17-23, 2013 35 SEMINAR SERIES 2013 SEMINAR SERIES 2013 HEALTHMONEY & MARKETS:CARE REFORM STATE OF THE ECONOMY

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