Categories
News News Blog

Mighty Lights Doubles Up

via GIPHY

Mighty Lights Doubles Up

Need more Mighty Lights in your life? You got it.

Light shows on the Harrahan and Hernando de Soto Bridges now run every half hour after sundown until 10 p.m., according to Mighty Lights, the group behind the privately-funded, state-of-the-art LED light installations.

Mighty Lights

The new schedule doubles the frequency of the shows. Community demand drove the new schedule, according to Mighty Lights.

via GIPHY

Mighty Lights Doubles Up (2)

Mighty Lights debuted in October 2016. Since then to 10-minute light shows have honored holidays, civic celebrations, Pancreatic Cancer Awareness Month, the St. Jude Marathon, Martin Luther King Day, Black History Month, Mardi Gras, and the announcement of FedEx Logistics’ global headquarters moving to Downtown Memphis.

via GIPHY

Mighty Lights Doubles Up (3)

Categories
Editorial Opinion

Memphis’ Big River Crossing is a Game-Changer

bigrivercrossing.com

As is well known, the city of Memphis sprawls a good bit. In fact, we are used to hearing politicians contend that, area-wise, Memphis is larger than Chicago, although that claim has an apocryphal ring to anyone who has driven through the Windy City from north to south.

It is undeniable, though, that over the weekend an event occurred on the downtown side of Memphis that will both magnify its size and extend its borders enormously in the eyes of the outside world.

This was the event known as the Big River Crossing, a commemoration that occurred in tandem with the completion of the Main Street to Main Street project that now links downtown Memphis with downtown West Memphis — and does so via an innovative pedestrian/bicycle pathway extending all the way across a refurbished Harahan Bridge, heretofore used only by trains. At night, moreover, the bridge has the capacity to be visually spectacular, thanks to a lighting system that can shine in “architectural white” or, as it did on Saturday and Sunday nights, in dazzling rainbow colors.

This new addition to the city’s landscape is no serendipity. It is the result of years of visionary thinking and liberally applied elbow grease on the part of several local pioneers, who, in tandem with counterparts across the river in Arkansas, worked together to accomplish what, at first blush, had seemed a crazy idea, even to some of its most avid backers.

The father of this project is the distinguished trader/investor Charlie McVean, but he had help in designing it, funding it, and executing it from a host of others — notably the late Jim Young of Union Pacific Railroad in Little Rock, who overcame his industry’s bias against shared rail/pedestrian structures, and 9th District Congressman Steve Cohen, who went to bat for the project in Washington and ended up making it possible through the acquisition of a $15 million TIGER (Transportation Investment Generating Economic Recovery) grant that completed the necessary funding package.

The TIGER grant not only significantly underwrote the project (technically known as the Main Street to Main Street Multi-Modal Connector Project) but also made it possible for both of the bookend cities, Memphis and West Memphis, to undertake significant rehabilitation of their downtown cores. It is one of those rare circumstances from which environmentalists and urban-growth enthusiasts can both take heart.

And McVean and his collaborators aren’t resting on their laurels. They imagine further work on the adjoining Mississippi River levees that would result in a recreational artery extending all the way to New Orleans and to the creation of what would be, in McVean’s words, the world’s largest land park.

Categories
Letters To The Editor Opinion

What They Said…

Greg Cravens

About Toby Sells’ cover story, “Bike Memphis!” …

I enjoyed reading Toby Sells’ “Bike Memphis!” article. It made me want to get out and ride. I didn’t see anything in it about the Hightailers, though — the biggest cycling club in Memphis. They’ve contributed to the success of cycling in Memphis, simply by the sheer volume of their membership, their advocacy, and their cycling education efforts.

If you’re not already a Memphis Hightailer, consider joining. There’s a huge wealth of knowledge and social enjoyment in being a member!

Drew

I live in Desoto County in Southaven and commute 31 miles round trip twice a week to Hernando. I ride upwards of 4,000 miles a year, some in Memphis but mostly in Desoto County, where there is zero bike infrastructure. And yet, I have almost no problems whatsoever. I control my lane at all times and communicate to motorists whether or not it’s safe to pass on two-lane roads. Almost all motorists are appreciative and courteous. The ones who throw tantrums still give me a full lane change when passing. A tantrum means I know they’ve seen me.

I will not ride in bike lanes next to parked cars or hidden behind parked cars like on Overton or Broad. Those are super dangerous. I sure hope Peabody doesn’t get bike lanes next to parked cars. Peabody is perfectly easy to ride on as it is.

Don’t ride in the gutter or on the sidewalk. Ride big. Be visible and predictable. Be aware of surroundings and communicate with other road users.

Patrick Smith

West Memphis has their Greenline into downtown completely finished now. I visited recently to check the progress and was happy to ride on paved Greenline all the way to Pancho’s.

It’s great that the Flyer is encouraging people to get out there and explore, and I hope that more people share your initiative. Also visit adanay.co and see some of the interesting rides around Memphis.

Cort Percer

About Bruce VanWyngarden’s Letter From the Editor, “Who to Hate” …

America leads the world in mass shootings. Why? National news media attention is like a vector that reaches people who are vulnerable. These disaffected people can be infected by the attention other angry, disturbed people get by becoming mass killers.

Before he shot dead 20 children and six adults at Sandy Hook Elementary School in 2012, Adam Lanza created a spreadsheet documenting the names, body counts, and weapons from previous mass murders.

Killing former colleagues, schoolmates, or groups of strangers in a suicidal spasm serves not only as an act of revenge but as a way of forcing the world to be aware of the killer’s inner torment. These public attacks also give the killer the fame that eluded him in his failed life.

Revenge over real and imagined slights, the desire for attention and fame, and delusions all can play a role. Almost all mass shooters are male, with about 64 percent white. The American dream may contribute to the frequency of these killings. When success fails to materialize and men find themselves in the margins of society, they feel cheated and emasculated. They’re in real pain, but they’re eager to blame that pain on those around them. 

The United States has five times the number of mass shootings as the next-highest country in the world. Why? The most obvious reason is our unique gun culture. The U.S. easily has the most guns per capita of any country in the world, with an estimated 310 million guns in circulation, and lax gun laws. In a civil society, what does anyone need with a military style weapon?

Bob Lawrence

High-tech guns in the hands of low-tech minds continue to foster mass killings. Fifty young people killed in Orlando by a lone wolf, male gunman wielding a military-style weapon. It’s the guns, stupid; semiautomatic guns allow mass murders to happen. Over and over again, alienated young males have taken out their anger and hate on innocent victims. This was a hate crime of domestic violence directed at the people in a gay and lesbian nightclub. All these young people would still be alive today if it hadn’t been for the guns and bullets used in this killing spree.

Dion

Categories
Letters To The Editor Opinion

What They Said (November 27, 2014)…

Greg Cravens

About Toby Sells’ story, “West Memphis Plans for Big River Crossing”…

The exhibit will include a trailer park, a working Walmart, and real live tornado damage.

Jeff

About Wendi C. Thomas’ column, “Bicycle Bias”…

This is what the discussion on bicycles has boiled down to? Race?

CL_Mullins

About the continuing lack of trolleys downtown …

How can the lack of trolleys be such an accepted reality. We live in South Main and enjoyed hopping the trolley to a variety of locations on the route. We were frequent visitors to Mulligan’s in the Pinch and to ballgames at AutoZone Park via transportation provided by the trolley system. Without these trolleys, downtown takes a step back. The trolley line is the spinal cord of the entire downtown experience. It is especially needed as Bass Pro Shops gets closer to opening.

Please get them back up and running, even if service is limited; buses are not the same. Five trolleys running the river loop with a GPS app letting you know where they are, will bring them — and downtown — back into the limelight they both should enjoy.

Steve Stoerger

About Louis Goggan’s story, “So Far, So Smart” …

Long-time politician Ian Randolph says he likes smart meters because he is able to track his use of electricity better. However, the IBEW Local 1288 Union of Memphis Light, Gas, and Water, says, “Smart meters can identify which appliance is drawing current, but the utilities only show your total usage online, not the itemized cost of each appliance.”

How are you going to lower your costs if you don’t know which appliance is drawing the most electricity? And what benefit is online information to seniors who have little involvement with computers?

MLGW President Jerry Collins says one of the advantages of smart meters is that meter readers will never have to come onto your property, and this will “give you a greater level of home security.” A smart meter is a computer. Bill Hawkins of the International Brotherhood of Electricians says a thief can pull in front of your home with a computer with specialized equipment and turn off your alarm and your utilities.

Meters can be remotely operated by MLGW, so that all the time that you are lowering your thermostat, the utility company can be increasing your meter’s rate of speed. The sole purpose of smart meters is for politicians to make money.

Carole Fincher

About Memphis’ pollution and its effect on asthma rates …

In 2014, Memphis ranked as the second-worst city for asthma, according to the Asthma and Allergy Foundation of America. While there are a myriad of asthma triggers, we know that a key trigger is ground-level ozone, which we have in abundance in Memphis. Did you know that the American Lung Association rated our ground-level ozone quality as an F? Not only does ground-level ozone trigger asthma attacks, it causes a host of other respiratory problems. Children unfairly bear this burden, due to their developing lungs. As a mom, this alarms me.  

As parents, we do everything to protect our children, but we can’t buy clean air for them. We have to fight for it, by raising our voices and letting our elected officials know that our children need protection. The Clean Power Plan will require reduction of air pollution from coal-fired power plants, which are a tremendous contributor to the formation of ozone. Join me in telling Senator Alexander and Senator Corker that we insist on clean air for our children’s health by supporting the Clean Power Plan!

Lindsay Pace

Categories
Editorial Opinion

Downtown Memphis: Less is More

An early proposed version of Beale Street Landing.

The one thing Memphis and Shelby County have surely learned from the past decade or so, during which hard times visited and stayed around for a while, is that necessity truly is the mother of invention — and often a single mother at that. 

Even before the Great Crash of 2008-9, there was a general sense that we had let our ambitions on the development front soar a little too much. Take our riverfront: Organized opposition on the part of Friends of the River and other environmentally interested citizens was, along with alarms about the anticipated costs of the project, a major reason why some of the more ambitious iterations proposed by the Riverfront Development Corporation did not come to fruition. 

What was left on the plate was Beale Street Landing (BSL). Beset with delays, cost overruns, design controversies, and intermittent failures to cooperate by a sometimes unruly river, it finally got done within the past year. The public spaces are welcoming, the views are spectacular, and BSL has proved, if nothing else, to be a great place to have a party. The Flyer‘s own annual Best of Memphis celebration was held there to good effect earlier this year. 

It brings to mind the phrase — and the concept of — “less is more,” a term which, we discovered upon doing a little research, was originated not by the minimalist architect Mies van der Rohe, as was long supposed, but by Robert Browning in the British master’s 1855 poem, “Andrea del Sarto (Called ‘The Faultless Painter’).” 

We were stirred into admiration of a sort a few months back at an insight offered by Mayor A C Wharton (whom we had previously taken to desk, along with city planning maven Robert Lipscomb, for the grandiosity embedded in some of the ideas floated out of City Hall): Frustrated  by the scarcity of the times, by the drying up of public and private funding sources, and by overt warnings about fiscal over-reach from the state Comptroller’s office, Wharton offered a new, leaner version of development, which cast downtown Memphis as an open-air arena, with its parts — among them FedExForum, the National Civil Rights Museum, the soon-to-be Bass Pro Pyramid, and, yes, Beale Street Landing — being connected by relatively inexpensive public transportation. 

This was how the mayor saw us responding to tourist and convention competition from, say, Nashville, with its massive (and massively expensive) new Convention Center. 

“Less is more.” Yes, indeed. And even the nascent Main Street to Main Street Big Water Crossing project (aka Hanrahan Bridge project), establishing pedestrian connections between downtown and West Memphis, involves minimal transformation of existing natural surroundings at relatively low cost — the key component being a $14.9 million “Tiger Grant” from the federal government. Greg Maxted, the project’s executive director, made that modest but far-reaching project sing when he described its prospective glories to a luncheon meeting of the Rotary Club of Memphis on Tuesday. 

We have much to look forward to, and much of what is to come is already there, in a landscape that needs only some judicious tweaking, not a massive overhaul.

Categories
Opinion Viewpoint

Bicycle Politics

Antonio Gramsci, imprisoned by the Italian government in 1926 for his intellectual work, watched from his jail cell as fascism slowly consumed Europe. Disgusted with those ignoring the spread of totalitarianism, Gramsci wrote in his prison diary: “Indifference is the dead weight of history … nothing of what happens … is a matter of luck, nor the product of fate, but the intelligent work of the citizens.”

If you’re interested in the story of citizens working to make Memphis a better bike city, you’ll be disappointed by the recent article “Behind a Bicycling Boom: Governance, Cultural Change and Place Character in Memphis, Tennessee.”

The authors claim Memphis’ recent bicycle boom has created only “superficial changes to the city’s image” and effected no real change in “divisions along city and suburban lines, profound racial residential segregation, and stagnant population growth.”

Why? Because bicycle advocates in Memphis are an elite white “consumer citizen” class who, in partnership with Memphis Mayor A C Wharton’s government and local developers, crafted an “amenity-based urbanism” that reinforces their power.

Titillating though it is, the authors have a neat theory in search of a problem.

Their first mistake is portraying people on bikes as spandex-clad, helmet-wearing elites with no interest in truly connecting with people unlike them. Their second mistake is painting a portrait of bicycle advocates as an elite white class espousing connected communities while actually marginalizing poor non-white people.

The most recent U.S. Census reports the bicycle community roughly mirrors the demographics of the city at large: 53 percent of people on bicycles in Memphis are black, 37 percent are white, 4 percent are Asian, and 6 percent are listed as “other.”

What’s more, Memphis’ bicycle culture has shifted in the past five years from one dominated by spandex warriors to a culture filled with a growing group of daily commuters. If anything, the people being marginalized are “the bike guys” with helmets and spandex.

But more troubling is the authors’ assessment of bike advocates who, they claim, occupy a “class status higher than that of many of their fellow city residents.” Why? Because bike advocates possess “the command of capital” to support businesses that support bike lanes — turning bike advocates buying sandwiches at Fino’s into Andrew Carnegie-like capitalist magnates.

But the more damning implication of this argument is that less well off “fellow city residents” are too broke to do anything to revitalize their neighborhoods. Just as the authors rely on a false image of bike riders as spandex titans and bike advocates as white elites, they also rely on the condescending image of a poor and helpless citizenry.

Finally, the article is patently wrong about the South Main neighborhood. The authors claim the neighborhood is suffering from “racialized gentrification” because the black population around South Main fell from 43 percent in 2000 to 14 percent in 2012. (It’s worth noting the population of Hispanics and Asians in South Main doubled in the same period).

Despite the fact that artists drove South Main’s revitalization decades before Memphis had a bike lane, the authors attribute these demographic shifts to the failed “politics of bicycling.” These “bicycle politics” are even more despicable because they emptied out a black neighborhood less than a mile from the Lorraine Motel — connecting the failed politics of bicycling to the assassination of Dr. King.

I concede that bicycles haven’t bridged the urban/suburban divide or healed wounds of the King assassination. But they haven’t made them worse.

The city’s recent improvements for bikes have made Memphis a better place, and the authors might have understood this had they talked to Big Mike — the Ice Man — about his bike business. Or asked Sylvia Crum about the “kidical mass.” They could have talked to James Williams about his work to repair bikes for his neighbors near LeMoyne-Owen College. Or they could have talked to Megan at the YMCA about the Multicultural Achievers’ regular rides on the Greenline.

But they apparently didn’t talk to anyone in Memphis.

So what’s left? At best we have a cautionary tale about the need of “professional” thinkers to shoehorn a complex city full of people into a neat academic theory.

Anthony Siracusa is a graduate fellow in history at Vanderbilt University. He also serves as president of Bike Walk Tennessee.

Categories
News The Fly-By

Bridge Project Fights For Funding

A bicycle and pedestrian project that would connect Tennessee and Arkansas has hit a speed bump.

The Downtown Memphis Commission is asking the city to invest $2 million toward the Harahan Bridge Project, which if fully funded, would connect downtown Memphis to downtown West Memphis over the Harahan Bridge. But Memphis City Council Chairman Jim Strickland wants that money to be used for basic city services, such as street repaving, instead.

Right now, the cost for the Harahan Bridge Project, also known as the Main to Main Multi Modal Connector Project, is still undetermined while the organizations wait for bids, which are supposed to come in during the summer. While project leaders are waiting for a more cost-effective design, the current estimate of the project sits around $30 million.

Harahan Bridge Project

Almost $15 million has been approved from federal funds with the Transportation Investment Generating Economic Recovery (or TIGER IV) program. The project also has $2 million funded from the private sector, while $3.8 million has been dedicated from Arkansas and Tennessee government agencies for their respective sides of the project. Shelby County has committed $1 million to the project, and the city of Memphis contributed $500,000 early on. But the Memphis City Council is still debating whether the city will fund the additional $2 million.

“If we don’t get the funding for the project, we won’t start the project,” said Paul Morris, president of the Downtown Memphis Commission. “The mayor made that very clear. No loans, cash secured.”

The one-mile bridge currently only runs freight along its tracks, but a multi-purpose path would be placed next to it, utilizing the existing “wagonway” structure that was used in the early 20th century.

Morris said the project is about recycling, not starting anew, and maintaining what the city already has.

“We’ve been searching as an organization for years for funding to do basic things like fix the sidewalks, curbs, and gutters,” Morris said. “Right now, if you walk along the Main Street Mall, you have boards covering drainage ditches that don’t work. It’s embarrassing. For years, the city has never been able to prioritize that because of the lack of funding and all the budget problems we have.”

Strickland said because the city is in a “budget crisis,” Memphis needs to make tough decisions.

“A lot of good things, in my opinion, should not get funded. We need fewer big projects because we can’t afford them,” Strickland said. “A couple of years ago, when we appropriated [around] $500,000 for the Harahan Bridge, we were told that’s all that we would need, and then they come with a request for $2 million.”

According to Strickland, the money being requested for the project could go instead toward other city services.

“It would be a wonderful amenity to have, but we have some real budget problems,” Strickland said. “When you don’t have enough money to do everything, you have to prioritize. To me, repaving is an absolute need. In our operating budget, we’re $15 million per year in debt on our pensions. We can’t pay for testing all the rape kits. Both of which are needs.”

Strickland made a motion in last week’s council meeting to divert the $2 million funding for the Harahan Bridge Project and put it toward street repaving, but Mayor A C Wharton asked to give a presentation about the project during the next city council session.

Categories
News The Fly-By

Bah, Humbug!

Christmas — the season in which we have traditionally been bombarded with the concept of giving as the supreme example of our embrace of mankind. However, as a beleaguered Memphis taxpayer, I dare to resurrect the words of Charles Dickens’ Ebenezer Scrooge: “Bah, humbug!” For when it comes to merrily endorsing some of the “pie in the sky” projects proposed by the administration of Mayor A C Wharton, I’m not sure whether the beneficiaries of our collective financial outpouring classify as indigents rivaling the undeniable needs of Dickens’ fictional, heart-tugging Tiny Tim.

Les Smith

This realization was brought home to me in reporting on the chaos of a marathon session of the Memphis City Council earlier this month. A dayside committee meeting began with the abrupt cancellation of a scheduled discussion on the progress the Memphis Police Department is supposed to be making on processing more than 12,000 rape kits accumulated over decades. Since the issue surfaced in August, I’ve taken a particular interest in the results. It’s not because I know or suspect someone I know may have been victimized. As human beings, the savagery of the crime should disturb us all, because it transcends racial and socioeconomic lines.

However, after sounding the gavel, committee chairman Kemp Conrad informed those present that the rape-kit report was going to be delayed for two weeks. We would find out later that the Wharton administration had quietly asked for more time due to the possibility more untested kits had been discovered. In his last appearance before the same committee, Memphis police director Toney Armstrong said the processing and testing would cost $4.6 million to complete. But Wharton strongly indicated the numbers could rise and also put forth the concept that more outside assistance might be needed. Granted, this whole project has “sensitive” written all over it, especially since it involves legal ramifications for potential victims and perpetrators alike. This is probably going to cost taxpayers a lot more than has been reported. However, the truth, at whatever cost, would be welcomed.

That same day, some council members were given a “sneak peek” at plans for the creation of the 20-block “Memphis Heritage Trail” downtown redevelopment project. Armed with an animated depiction of what it’s supposed to look like, city special-projects guru Robert Lipscomb spoke about interactive experiences for visitors and monuments dedicated to Martin Luther King Jr. and a commemoration of the 1968 sanitation workers’ strike.

The presentation was harpooned by Councilwoman Wanda Halbert, who succinctly condensed the doubts Memphis taxpayers have continued to express with Wharton’s still unexplained “vision” for this city’s future. To paraphrase her comments: With so many projects —the Fairgrounds, Bass Pro and the Pinch District, Sears Crosstown, buying Autozone Park — are we spreading ourselves too thin financially? Are we overlooking the things that should count, like paving streets, improving parks, and building sidewalks near schools? And although Halbert didn’t include it, the need to process thousands of untested rape kits.

I know Wharton cares about making his vision of “One Memphis” come true. In a June interview with him, he admitted to me that he had to do a better job communicating with council members. He needs to convey the same sense of purpose and direction to a somewhat bewildered public. I understand this city faces the same financial challenges confronting local governments in nearly every city in America. But I suggest to you, Mr. Mayor, that while grandiose projects have their allure, they are overshadowed by the day-to-day demands of life.

If you want to take guns off the street, go ahead and try. If you want to aggressively clean up neighborhoods, then do so. If you want to achieve the moniker we had in the 1960s of being the “Cleanest City in America,” that would be a worthy and possibly attainable goal.

Yes, other revenue sources have to be explored to get us out of our current and ever-deepening budget dilemma. So, why not start a vigorous collection of the millions of dollars owed in parking fines? Why not collect from the companies that owe this community millions in unpaid property taxes? Until there is a determination shown to address the issues we can and should take care of, then all the governmental “pie in the sky” proposals will invoke the same reaction no matter what season of the year: “Bah, humbug.”

Les Smith is a reporter for Fox News 13.

Categories
Opinion

Weekend Report: Harahan Bridge, Contract Bridge, Good Signs, Hamer, and Big Money

n._parkway.JPG

A Bridge Too Far? I think so. The Harahan Project is exciting, sure, if wishing could make it so, but that estimated $30 million price turns me off, along with the estimated 18-month waiting time. And both estimates could be optimistic. Connecting Main Street to Broadway in West Memphis is aimed, let’s face it, at enlisting a second city and state in the cause. And I say that as someone who used to freelance for the Crittenden County Chamber of Commerce and write glowing magazine copy about Broadway. And as someone who has enjoyed walking or biking over the Brooklyn Bridge, Golden Gate Bridge, Walnut Street Bridge in Chattanooga, Eads Bridge in St. Louis, and Mackinac Bridge in upper Michigan. There are simply too many needy projects — the Overton Park Conservancy to name one — with more modest fundraising goals, and too many alternative ways to increase bike traffic along the river and through downtown without spending a lot of time and money. A “Five Parks Bike Tour” modeled after the “Five Boro Bike Tour” in New York City in May is one of them. Include Greenbelt Park, Overton Park, Tom Lee Park, Mud Island Park, and Martyr’s Park, with Court Square and AutoZone Park as throw-ins. Last week the city and Parks Department put up a temporary sign on North Parkway. It was made out of plywood by an art student and probably cost a few hundred bucks. But it brands the boulevard, which has been nicely planted in buttercups and flowering trees, and draws favorable attention to Midtown. Grooming our showcase streets and gateways has an immedediate payoff at a reasonable price. I’m reserving judgment on the North Parkway bikes lanes, but note that with excellent weather and near-$4 a gallon gas, there are very, very few weekday riders.

Deputy Superintendent Irving Hamer had to go. But I would not count out Superintendent Kriner Cash as a possible choice for the future consolidated school system. He has friends in high places, knows the Memphis system, there are no unanimously popular superintendents, and I can’t see candidates lining up for the job in 2013. Personally, I think Cash should be counted out for several reasons including making it as hard as possible for reporters covering education to do their jobs. ON a related note, I see where Nashville Mayor Karl Dean wants Metro Schools Superintendent Jesse Register to disclose more financial information in the wake of a newspaper investigation of consulting contracts and payments. Excellent idea for Memphis and Shelby County to imitate with all the outside money being thrown at schools. Register, previously superintendent of the consolidated Chattanooga and Hamilton County school system, visited Memphis a few months ago at the invitation of the Transition Planning Commission.

Thousands of bridge players are in town for a big national convention. Good for them, nice boost for downtown. I practically majored in bridge in college, and there are ways to make it entertaining that involve cold beer, music, and penny-a-point scoring. Great game, struggling to become more popular with “younger” people, whatever that means. But a spectator sport it ain’t. Of course, I would have said the same thing about poker 25 years ago. And earlier this week I wrote 1000 words about the obscure sport of squash. To each his own.

Page One, Top of the Fold in Thursday’s Wall Street Journal: “SEC Cracks Down On Pre-IPO Trading.” The SEC is the Securities and Exchange Commission, and it’s about time. Ten years ago, New York Times reporter Gretchen Morgenson, who ought to be running the SEC, was writing about abuses of insider trading in private shares of companies about to go public in IPOs, or initial public offerings of stock. Then and now, as I wrote in a Memphis magazine article several years ago, I firmly believed that Morgan Keegan dodged a bullet. Or should I say, the SEC failed to pull the trigger on the kind of investigation it is now undertaking. The case in point was a company called Crossroads Systems, which was a hot IPO. Morgan Keegan insiders got some private shares, the house analyst plugged the stock, and away it went. Except a company sorehead who didn’t get any private stock thought it stunk and became my secret whistleblower. Harbinger of things to come with the Kelsoe funds. If President Obama is smart, he’ll keep the dogs of the SEC on a long leash and keep generating headlines in the wake of that tell-all op-ed column in the New York Times from the insider at Goldman Sachs this week.

Categories
Special Sections

A Bird’s-Eye View: The Mississippi River Bridges

78cf/1243306029-bridges-aerialview.jpg I wanted to share an interesting old photograph that I found tucked away in a Central High School yearbook. It’s an aerial view of the three old Memphis bridges that cross the Mississippi at the South Bluffs area. (Click on it to enlarge it.)

The view is looking eastward towards Memphis from Arkansas. From left to right, you have the Harahan Bridge (1914), the Frisco Bridge (1892 — called “The Great Bridge” when it first opened), and the Memphis-Arkansas Bridge (1949).

What’s really interesting is that if you look very carefully at the top of the photo, at the easternmost end of the Harahan Bridge, you can see a portion of the insanely complicated one-way road system that gave automobiles access to the roadways that were suspended on the outside of the bridge. They were added later, you see, and there was no space to put them inside the bridge spans.