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VOL. 38 | NO. 40 | Friday, October 3, 2014

Change in the Air for in-home vacation rentals: Airbnb, VRBO, others face same rules, taxes that apply to area hotels, B&Bs

When Hume-Fogg teacher Elizabeth Smith and her husband became empty-nesters, they talked about downsizing.

Music City Lofts offer competition for upscale hotels

Somewhere between short-term rentals and traditional hotels, you can find a new breed of visitor lodging in Nashville.

Where should I take my Nashville visitors?

Getting into the short-term rental game also means being a tour guide for Music City.

Yoga, pilates provide workout options

Whether it’s a desire to slim down in advance of holiday binging or a New Year’s resolution reboot, many people look at the fall as a good time to kick-start their exercise efforts.

Interested? Saturday's Yoga Festival might be good place to start

The Yoga Festival celebrates the Nashville yoga community while supporting two non-profit organizations using yoga to make an impact both locally and globally. All proceeds go Small World Yoga and Africa Yoga Project. Information: musiccityyogafestival.com.

Local Weather
Currently
Nashville, TN
37.0°F
Light Drizzle Fog/Mist
Wind: Southwest at 5.8 mph
Humidity: 89%

EVENTS

Bella Rustica. AGAPE Nashville will host Bella Rustica – A Spectacle of American Vintage, its annual vintage market, Friday and Saturday, at historic Harlinsdale Farm in Franklin. Proceeds will help the agency continue its work with foster children across Middle Tennessee. This year’s family and pet-friendly event will feature more than 40 artists and antique dealers from across the Southeast and Midwest. Live music, a variety of food and special attractions for children will also be a highlight. Tickets are $10 for adults and $5 for children. Parking is free. Information: 620-3493, llindley@agapenashville.org.

more events »

STREET LEVEL

Pendulum swings for Crieve Hall clocksmith

Scott Zaft “jumped the wall” and made it out of corporate America to a life in which he’s his own boss and lives in tick-tock precision down a steep driveway and to the rear of a 1950s Crieve Hall rancher.

REALTY CHECK

A simple fix could save your home and family

Following the grueling negotiations between buyers and sellers over issues such as price, possession and the list of appliances that remain with the houses, the inspection ensues.

REAL ESTATE

Top Middle Tennessee commercial real estate transactions August 2014

Top August 2014 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

TENNESSEE TITANS

How much longer till Titans fans simply stay home?

Just for a moment, I’m going to let you in on something that not a lot of people know about.

UT SPORTS

Is this finally the year the Vols stomp the chomp?

KNOXVILLE – Much has happened since Tennessee placekicker James Wilhoit booted a 50-yarder with seven seconds remaining and the No. 13-ranked Vols beat No. 11 Florida 30-28 at Neyland Stadium.

NEWSMAKERS

Capella Healthcare names corporate compliance officer

Capella Healthcare has announced the appointment of Angie L. Mulder as corporate compliance officer.

BUSINESS BOOK REVIEW

Figure out what no one is doing and do it

The thought pops into your head at least four times per weekday: I can do this.

GUERRILLA MARKETING

Social media’s impact on buying decisions

Research giant Gallup released its State of the American Consumer Report in June with the overarching finding that few brands are winning the battle for consumer engagement.

CAREER CORNER

Free tools available to help with your job search

This week, I had the pleasure of interviewing Mike Steinerd from Indeed.com. Indeed is the No. 1 job site worldwide with over 140 million visitors per month. We talked about everything from how fast you should apply for a job to companies you should consider if you’re looking for work-life balance.

THE WORLDLY INVESTOR

The return of King Dollar

The market’s game ball in the third quarter goes to the U.S. dollar.

I SWEAR

Brown down but Davidson group ready to step in

DAVIDSON, N.C. – A few years ago, Brown University had the largest puzzle-related student activities organization in the country. Its Puzzling Association, with more than 30 members, met weekly to solve, discuss and construct.

KAY'S COOKING CORNER

Trying something new can be prickly proposition

Fall’s here y’all, and the soup’s on! I don’t know about you, but for me spring and summer slipped by way too quickly, and I’m rather bummed about it. I enjoy autumn; It’s the season after that I dread.

STATEWIDE

Alexander sheds feel-good image in Senate race

NASHVILLE (AP) — Forget the syrupy, feel-good message so common to Lamar Alexander's past political campaigns. This time, the Tennessee Republican is going into attack mode.

$6.75M in incentives approved for Under Armour

NASHVILLE (AP) - Tennessee officials have approved a $6.75 million incentive for Under Armour's planned distribution facility in Mt. Juliet.

AUTO INDUSTRY

EPA says new vehicle mileage hits record 24.1 mpg

DETROIT (AP) — Gas mileage for new cars and trucks in the U.S. averaged a record 24.1 miles per gallon last year, but gains in fuel economy are slowing.

REAL ESTATE

US mortgage rates down for third straight week

WASHINGTON (AP) — Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home.

NATIONAL BUSINESS

Finance officials face global economy under threat

WASHINGTON (AP) — Though braced by a resurgent United States, the global economy is under threat from other regions — from Europe and Latin America to China and Japan — where growth is stalling and prospects remain dim.

Airline delays, cancelations rise from last year

Airline delays and cancelations are up slightly from last year's peak travel season.

Applications for US unemployment aid fall to 287K

WASHINGTON (AP) — Slightly fewer Americans sought unemployment benefits last week, pushing the average number of applications in the past month to an eight-year low.

Stocks sink yet again, dragged down by energy

NEW YORK (AP) — Wall Street's roller coaster ride is continuing for a third day Thursday, with the Dow Jones industrial average plunging nearly 300 points in afternoon trading. Gap's stock dropped after the company announced its CEO was retiring, and energy stocks fell sharply as the price of oil fell again.

Study: Vietnamese, Chinese choose capitalist road

WASHINGTON (AP) — Enthusiasm for free markets runs higher in communist China and Vietnam than in traditional capitalist bastions the United States and United Kingdom, the Pew Research Center reports.


WEDNESDAY, OCTOBER 8
MIDSTATE

ACLU urges school board not to add prayers

FRANKLIN (AP) — The American Civil Liberties Union in Tennessee is urging school board members in Williamson County not to add prayers to meetings.

NASHVILLE AREA

Initiative lets students access ancestral records

NASHVILLE (AP) — The Tennessee State Library and Archives is launching a new partnership with the popular genealogy site Ancestry.com.

STATEWIDE

New Alexander ad directly targets Democrat Ball

NASHVILLE (AP) — A new television ad by Republican U.S. Sen. Lamar Alexander directly targets Democrat Gordon Ball as being beholden to President Barack Obama's agenda.

COURTS

Ex-Vandy coach testifies in ex-players' rape case

NASHVILLE (AP) — One of four former Vanderbilt University football players accused of raping a student in a campus dormitory last year testified Wednesday that athletics officials told him he would lose his scholarship if he didn't cooperate with police investigating the case, so he felt he had no choice.

Appeals court rules against Occupy Nashville

NASHVILLE (AP) - Two top Tennessee officials are protected from claims that they violated the rights of Occupy Nashville protesters who were arrested on a plaza outside the state Capitol in October 2011, a federal appeals court ruled Wednesday.

Court hears dispute over pay for security checks

WASHINGTON (AP) — Workers who fill customer orders for Internet retailer Amazon might be out of luck in their quest to be paid for time they spend going through security checkpoints each day.

TECHNOLOGY

Latest iPads, Mac system expected at Oct. 16 event

SAN FRANCISCO (AP) — Apple is expected to step up its efforts to boost recently slumping iPad sales with the unveiling of its latest tablet computer at an Oct. 16 event.

SolarCity loan deal could propel rooftop market

NEW YORK (AP) — SolarCity will begin offering loans to homeowners for solar systems, a move that industry analysts say could reshape the market for rooftop solar and propel its rapid adoption.

Navy tests out new way of making clothes: welding

PAWTUCKET, R.I. (AP) — Welding isn't just for aircraft carriers anymore.

HEALTH CARE

Next edition of HealthCare.gov is unveiled

WASHINGTON (AP) — The Obama administration has unveiled an updated version of HealthCare.gov. It's got some improvements and some challenges. There's also at least one early mistake.

Agency sends inaccurate Medicaid letters

NASHVILLE (AP) - Officials with a state agency that's been sending inaccurate letters to Tennesseans informing them they don't qualify for Medicaid say they're addressing the issue.

NATIONAL BUSINESS

Fed officials link rate increase to economic data

WASHINGTON (AP) — Federal Reserve officials agreed last month that they would begin raising interest rates only when measures of the economy's health and inflation signaled the time was right.

US stocks have their best day of 2014

NEW YORK (AP) — Wall Street had its best day of the year. The U.S. stock market surged Wednesday, erasing a steep loss from the day before.

Report: Federal budget deficit falls to $486B

WASHINGTON (AP) — The federal government's budget deficit has fallen to $486 billion, the smallest pool of red ink of President Barack Obama's six-year span in office, a new report said Wednesday.

FTC: AT&T to pay $105M for bogus wireless charges

WASHINGTON (AP) — Telecom giant AT&T will pay a hefty $105 million settlement after the government accused the company of unlawfully billing wireless customers for tens of millions of dollars in bogus charges — a practice known as cramming.

Geithner grilled in court over AIG bailout

WASHINGTON (AP) — Timothy Geithner, a key player in the U.S. government's 2008 bailout of American International Group Inc., is due back in court Wednesday in a trial of a lawsuit filed by the insurance giant's former CEO over the handling of the rescue.

Company wins new contracts despite federal probe

WASHINGTON (AP) — The Army has awarded $80 million in helicopter contracts to Wall Street executive Lynn Tilton even as the Justice Department is investigating whether she played by the rules to win earlier military work.


TUESDAY, OCTOBER 7
STATEWIDE

Haslam questions high jobless rate in Tennessee

NASHVILLE (AP) - Republican Gov. Bill Haslam is questioning why Tennessee's unemployment rate remains well above the national level when other statistics indicate the state's jobs picture should be improving.

NASHVILLE AREA

Titans' team dentist helps organize care for youth

NASHVILLE (AP) — The Tennessee Titans' team dentist is partnering with a nonprofit organization and other dentists to provide 300 area youth with free dental services.

COURTS

Tennessee not affected by Supreme Court decision

NASHVILLE (AP) — The U.S. Supreme Court's decision not to hear appeals from five states seeking to prohibit gay and lesbian marriages has no direct effect on Tennessee, where both the constitution and state law recognize only marriages between one man and one woman.

What court action means for Tennessee

NASHVILLE (AP) — The U.S. Supreme Court's decision to turn away appeals from five states seeking to prohibit gay and lesbian unions does not have a direct effect on Tennessee because the 6th U.S. Circuit Court of Appeals must still rule on the state's case.

HEALTH CARE

Wal-Mart cuts health benefits for some part-timers

NEW YORK (AP) — Wal-Mart Stores Inc. plans to eliminate health insurance coverage for some of its part-time U.S. employees in a move aimed at controlling rising health care costs of the nation's largest private employer.

Health law waivers: Too complicated to claim?

WASHINGTON (AP) — Millions of Americans may qualify for waivers from the most unpopular part of President Barack Obama's health care overhaul. But getting that exemption could be an ordeal.

AUTO INDUSTRY

New studies point out dangers of 'talking' to car

WASHINGTON (AP) — Just because you can talk to your car doesn't mean you should. Two new studies have found that voice-activated smartphones and dashboard infotainment systems may be making the distracted-driving problem worse instead of better.

TECHNOLOGY

Mobile revolution shakes up Silicon Valley

SAN FRANCISCO (AP) — Smartphones, tablets and other gadgets aren't just changing the way we live and work. They are shaking up Silicon Valley's balance of power and splitting up businesses. Long-established companies such as Hewlett-Packard Co. and eBay Inc. are scrambling to regain their footing to better compete against mobile-savvy trendsetters like Apple and Google, as well as rising technology stars that have built businesses around "cloud computing."

Samsung expects lowest profit in over 3 years

SEOUL, South Korea (AP) — The world's biggest smartphone maker is suffering a stunning financial decline in the face of intense competition from Apple Inc. and upstart Chinese brands.

REAL ESTATE

Slower growth for US home prices in August

WASHINGTON (AP) — U.S. home prices increased in August, yet the pace of these gains continues to slow, helping to improve affordability for would-be buyers.

NATIONAL BUSINESS

US predicts lower heating bills this winter

NEW YORK (AP) — Heating bills should be lower this winter because the deep freeze that chilled much of the nation last year is unlikely to return.

US stocks slide on global growth concerns

NEW YORK (AP) — Worries about weakening global growth drove the stock market lower Tuesday.

US job openings rising in August as hiring falls

WASHINGTON (AP) — U.S. employers advertised the most job openings in nearly 14 years during August, yet their pace of hiring fell compared to July.

NY state: Wall St. profits $8.7B in 6 months

ALBANY, N.Y. (AP) — The securities industry in New York City tallied $8.7 billion in profits during the first half of 2014, which was 13 percent lower than the same period last year as it continued to deal with the fallout from the 2008 financial crisis, New York's comptroller reported Tuesday.

IMF trims forecast for global economic growth

WASHINGTON (AP) — The International Monetary Fund slightly lowered its outlook for global economic growth this year and next, mostly because of weaker expansions in Japan, Latin America and Europe.

Holiday sales seen rising 4.1 percent

NEW YORK (AP) — Americans are expected to spend at the highest rate in three years during what's traditionally the busiest shopping season of the year, according to the nation's largest retail industry trade group.

SodaStream says it's losing fizz in US

NEW YORK (AP) — SodaStream says it isn't winning over enough new customers in the U.S. and reported preliminary sales results that fell short of Wall Street expectations.


MONDAY, OCTOBER 6
NASHVILLE AREA

Wealthy giving less to charity; Tennessee, Nashville more generous

NEW YORK (AP) — Even as the income gap widens, the wealthiest Americans are giving a smaller share of their income to charity, while poor and middle-income people are donating a larger share, according to an extensive analysis of IRS data conducted by the Chronicle of Philanthropy.

The Hermitage nonprofit changes name, board

NASHVILLE (AP) — The nonprofit that runs Andrew Jackson's historic home, The Hermitage, is getting a new name and adding prominent national figures to its board of directors.

MIDSTATE

Holocaust survivor, Watergate journalist to speak

MURFREESBORO (AP) — A Holocaust survivor who helped craft The Washington Post's Watergate coverage is giving a free public talk in Murfreesboro.

STATEWIDE

Alexander, Ball launch TV ads in Tenn. Senate race

NASHVILLE (AP) - Democrat Gordon Ball and Republican incumbent Lamar Alexander are launching television ads criticizing each other in the U.S. Senate race in Tennessee.

Haslam proclaims Oct. 12-18 Earth Science Week

NASHVILLE (AP) — Gov. Bill Haslam has proclaimed October 12-18 Earth Science Week in Tennessee.

COURTS

High court denies gay marriage appeals

WASHINGTON (AP) — The Supreme Court cleared the way Monday for an immediate expansion of same-sex marriage by unexpectedly and tersely turning away appeals from five states seeking to prohibit gay and lesbian unions. The court's order effectively makes gay marriage legal now in 30 states.

Supreme Court rejects appeal of fired Ohio teacher

WASHINGTON (AP) — The Supreme Court has rejected the appeal of an Ohio public school science teacher who was fired for promoting the theory of creationism and refusing to remove religious materials from his classroom.

HEALTH CARE

Wal-Mart plans 1-stop health coverage shopping

NEW YORK (AP) — Wal-Mart is taking one-stop shopping to another area: health insurance.

AUTO INDUSTRY

Feds probe power steering in Ford midsize cars

DETROIT (AP) — U.S. safety regulators are investigating complaints that the power-assisted steering can suddenly fail on three Ford midsize car models.

NATIONAL BUSINESS

Stocks edge lower; H&R Block sinks

NEW YORK (AP) — U.S. stocks are closing slightly lower, giving up an early gain.

Paulson: AIG bailout designed to be punishment

WASHINGTON (AP) — The 2008 government bailout of American International Group Inc. was specifically designed to punish the insurance giant, former Treasury Secretary Henry Paulson said in U.S. court Monday.

Corporate deals set to return to pre-crisis levels

LONDON (AP) — In a year that's been awash with multi-billion dollar corporate deals, the number and value of mergers and acquisitions is set to grow further, reaching pre-crisis levels over the coming 12 months, consulting firm EY said Monday.

Hewlett-Packard splits off PC, printer businesses

NEW YORK (AP) — Hewlett-Packard is splitting itself into two companies, one focused on its personal computer and printing business and another on technology services such as data storage, servers and software, betting that it can drive faster sales growth with more-focused operations.


FRIDAY, OCTOBER 3
MIDSTATE

Gregory steps down as chairman of Williamson school board

FRANKLIN (AP) — A Middle Tennessee school board chairman has decided to step down from his leadership role over a controversy due to his involvement in a business that created a novelty bottle opener shaped like a woman's behind.

Under Armour facility to create 1,500 jobs in Tennessee

MT. JULIET (AP) — Athletic apparel maker Under Armour on Thursday announced plans to build a new $100 million distribution center in Tennessee that is projected to create 1,500 new jobs in the next five years.

NASHVILLE AREA

Marriott fined $600,000 for jamming Wi-Fi at Opryland hotel

NEW YORK (AP) — Marriott International will pay a $600,000 fine for jamming conference attendees' own Wi-Fi networks at its Gaylord Opryland Resort and Convention Center, forcing them to pay hefty prices to use the hotel's own connection.

Titans hold pregame charity drive for baby items

NASHVILLE (AP) — The Tennessee Titans are asking fans to bring baby items to LP Field on Sunday as part of a pregame event they're calling "Nashville's largest baby shower."

Vince Gill appointed to Predators Foundation board

NASHVILLE (AP) - Country singer Vince Gill and Kristen Laviolette have been appointed to positions on the Nashville Predators Foundation's board of directors.

Metro school officials launch recruitment campaign

NASHVILLE (AP) — Nashville Metro school officials have launched a campaign to compete with charter schools in recruiting students.

AUTO INDUSTRY

GM issues 2 more recalls for SUVs, mini cars

DETROIT (AP) — General Motors announced two more recalls Friday, pushing its total for the year to 71, affecting almost 30 million vehicles in North America.

STATEWIDE

College savings program helps low-income families

NASHVILLE (AP) — The Tennessee Treasury Department is announcing a program to help low-income families build college savings.

NATIONAL BUSINESS

Dow jumps 208 on job gains; Gold, bonds fall

NEW YORK (AP) — Investors think the U.S. economy is at a perfect temperature for stocks: not too hot, not too cold.

US job growth is rising solidly, so why isn't pay?

WASHINGTON (AP) – Where are the pay raises? Employers in the United States are hiring at a brisk pace. Unemployment has sunk to a nearly healthy rate. Jobs are being filled across a range of industries.

Surge of hiring cuts US jobless rate to 5.9 pct.

WASHINGTON (AP) — A surge in hiring last month helped drive the nation's unemployment rate down to a six-year low of 5.9 percent — within striking distance of what economists consider a healthy level.

Overseas deal rules end one combo, alter another

New government rules aimed at curbing overseas deals that cut corporate taxes appear to be working, just not entirely the way regulators intended.

US service firms grew at healthy clip in September

WASHINGTON (AP) — U.S. service firms expanded at a healthy pace in September although it was slightly below the record pace set in August.

US trade deficit drops to $40.1 billion in August

WASHINGTON (AP) — The U.S. trade deficit shrank for the fourth straight month in August, falling to the lowest level since January as exports rose to an all-time high.

Businesses with name 'Isis' fight bad brand image

Aeran Brent is tired of visitors asking about her store's name or snapping pictures of the sign outside.

JPMorgan breach heightens data security doubts

LOS ANGELES (AP) — New details on a cyberattack against JPMorgan Chase & Co.'s computer servers this summer add to increasing doubts over the security of consumer data kept by lenders, retailers and others.

5 mysteries of US job market waiting to be solved

WASHINGTON (AP) — Just how healthy is the U.S. job market? Despite steady hiring and falling unemployment, the question has provoked sharp debate and considerable uncertainty on the eve of the September jobs report.

Feds: Trader made $1.5M by manipulating prices

CHICAGO (AP) — Chicago prosecutors say a high-frequency trader in New Jersey has been indicted for allegedly manipulating commodities prices by using software that executes trades within milliseconds.

NATIONAL POLITICS

Obama highlights economic, manufacturing gains

PRINCETON, Ind. (AP) — Boosted by the lowest jobless rate in six years, President Barack Obama on Friday heralded September's hiring rate as the longest uninterrupted stretch of private sector job growth in U.S. history and declared that the United States is surpassing combined job creation in other advanced economies.

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