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VOL. 38 | NO. 44 | Friday, October 31, 2014

Why are Tennesseans so afraid of a state income tax?

The odds of an income tax becoming a reality in Tennessee – one of the nation’s lowest-taxed states – are slim to none.

Changing state constitution no easy task

Amending Tennessee’s Constitution isn’t as rare as it was in the state’s first 200 years, and yet it remains a tough, drawn-out task, even if the most popular process, the legislative method, is used.

Constitutional amendments on Nov. 4 ballot

There are four amendments to the Tennessee Constitution on the Nov. ballot. Here is the language of each amendment and what a "yes" or "no" answer would signify:

IN THE WEEDS

Nashville serves lesson in equality via meat-and-three steam table

Attending the Southern Foodways Alliance symposium meant homework before class. Leading up to the meeting, we received a list of about 14 articles, 26 books, two thesis papers, five oral histories and nine films to help put the talks and meals we would have into context.

Local Weather
Currently
Nashville, TN
44.0°F
Partly Cloudy
Wind: Calm mph
Humidity: 85%

EVENTS

NashvilleNext Neighborhoods Meeting. NashvilleNext is bringing together members of the community to discuss how the 25-year master plan for Nashville will affect their neighborhoods. The third of those meetings will be held today at Hillwood High School (400 Davidson Road, 37205), 6 p.m. In the most recent phase of the planning process, Nashvillians were asked to pick between three “Futures” that would guide decisions on zone changes, subdivisions and important infrastructure needs across the county. The leading choice, Centers with Infill, emphasizes increased transit to highly developed activity centers and the facilities to support them. At the neighborhood meetings, NashvilleNext planners will explain how this choice relates to each neighborhood, and participants will provide feedback on how they would like to see the citywide plan adopted into each of the existing 14 community plans. NashvilleNext will be implemented primarily through the community plans, and discussion of additional details began Oct. 30. Additional meetings are scheduled for:

more events »

REALTY CHECK

Not closing on time? Little issues can lead to big snags

Here is a scary Halloween tale: Many real estate transactions do not close on the actual date specified by the legally binding contract.

REAL ESTATE

Top Middle Tennessee commercial transactions for September 2014

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

TENNESSEE TITANS

Mettenberger watch about all that’s left for 2014

If the Tennessee Titans were looking for something to divert their attention from bad football, they may have found it – thanks in part to J.J. Watt.

UT SPORTS

Dobbs makes strong case for starting Tennessee QB job

KNOXVILLE – University of Tennessee football coach Butch Jones faces a big question this week about his starting quarterback for Saturday night’s game at South Carolina.

NEWSMAKERS

Attorney General Slatery names solicitor general

Tennessee Attorney General Herbert Slatery has announced that Andrée Sophia Blumstein will join the office as solicitor general. Blumstein will oversee appellate litigation in state and federal courts, review written opinions, and advise the attorney general.

BEHIND THE WHEEL

Miata: Best-selling two-seater ever still delivers

Driving the 2015 Mazda MX-5 Miata roadster is like letting go.

GUERRILLA MARKETING

No more ‘Hope and prayer’ marketing

The average company spends 3 to 5 percent of revenue on marketing, which is certainly not a trivial expense. Why, then, do so many companies invest so little time in the construction of the marketing plan that ensures that investment is well spent?

THE WORLDLY INVESTOR

China’s growth expectations met

The global economy is a symphony of regional and local economies interconnected by trade, interest rates and currency movements. We can generalize the influence of our leading instrumentalists in the following ways:

I SWEAR

Still spooked by an offense from Halloween past

‘Twas many and many a year ago when I acquired a genuine witch’s hat. That Halloween I covered my face with clown-white and donned an old choir robe. I was trying to be the funniest witch imaginable.

KAY'S COOKING CORNER

Turn your pumpkin into a seasonal treat

This past weekend, on a sunny Saturday morning, hubby and one of my sons went with me to a pumpkin patch. I wanted to get a few pumpkins to bake with, so I dragged them along.

MUSIC INDUSTRY

Miranda Lambert makes history at 2014 CMAs

NASHVILLE (AP) - Miranda Lambert has reached new heights as a female country performer: The fiery singer is the most decorated female artist in the history of the Country Music Association Awards.

Winners at the 48th annual CMA Awards

NASHVILLE (AP) — Winners of the 48th annual Country Music Association Awards presented Wednesday night in Nashville:

STATEWIDE

AG: Local caucus meetings subject to open meetings

NASHVILLE (AP) — Attorney General Herbert Slatery says local legislative bodies like county commissions can establish partisan caucuses but that they would likely be subject to Tennessee's open meetings law.

Devaney to seek 4th term as Tennessee GOP chairman

NASHVILLE (AP) — State Republican Party Chairman Chris Devaney is running for a fourth term.

MIDSTATE

MTSU professor fuels trip on chicken fat, vegetable oil

MURFREESBORO (AP) — A Middle Tennessee State University professor is driving from Key West, Florida, to Seattle in a vehicle fueled by waste chicken fat and waste vegetable oil from school dining facilities.

AUTO INDUSTRY

Nissan pledges further expansion of Mississippi plant

CANTON, Miss. (AP) — Nissan Motor Co. says it wants to produce 507,000 vehicles a year at its Mississippi plant by 2017, an expansion that would add about 1,000 employees to the current 6,300 workers at the complex.

TECHNOLOGY

Cybersecurity firm IDs new Apple-targeting malware

Palo Alto Networks has discovered a new form of malware that may have affected hundreds of thousands of Apple mobile device users, largely in China.

REAL ESTATE

Average US 30-year loan rate up to 4.02 pct.

WASHINGTON (AP) — Average U.S. long-term mortgage rates rose this week, with the benchmark 30-year loan crawling back over 4 percent. It was the second straight week of increases in rates after they had fallen for five weeks amid concern over global economic weakness.

NATIONAL BUSINESS

Gleam is gone as gold prices sink to 4-year low

NEW YORK (AP) — Nothing is going gold's way. Inflation remains tame, the dollar looks strong and Americans are increasingly confident.

Postal Service adds Sunday delivery for holidays

WASHINGTON (AP) — The U.S. Postal Service will deliver packages on Sundays in major cities and high volume areas during the holiday season.

Applications for US jobless aid fall to 278,000

WASHINGTON (AP) — Fewer people applied for U.S. unemployment benefits last week, adding to signs that the job market should continue to improve.

US productivity rises at 2 percent rate in Q2

WASHINGTON (AP) — U.S. workers' productivity increased in the July-September period at a slower pace than in the previous quarter while labor costs accelerated but still remained at an extremely low level.

US stock market drifts a day after setting record

NEW YORK (AP) — The U.S. stock market drifted in Thursday trading, a day after closing at a record high. In Europe, markets climbed after the head of the European Central Bank said he was ready to take more steps to revive the region's struggling economy.

Get ready for crowded airports this Thanksgiving

If you're flying somewhere for Thanksgiving, expect planes and airports to be even more crowded this year.

Fannie, Freddie post profits in 3Q; pay dividends

WASHINGTON (AP) — Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the July-September period as the U.S. housing market continued to recover. Gains in recent years have enabled them to fully repay their government aid after being rescued during the financial crisis in 2008.

Investors find better balance in their 401(k)s

NEW YORK (AP) — Fewer investors are going all-in with their retirement savings.


WEDNESDAY, NOVEMBER 5
MUSIC INDUSTRY

Who will own country music's biggest night?

NASHVILLE (AP) - When Dierks Bentley readied the release of his seventh album earlier this year, he led with the single "Bourbon in Kentucky."

STATEWIDE

GOP gains to give Tennessee new clout in US Senate

NASHVILLE (AP) — Tennessee is about to gain new clout in the U.S. Senate following national gains by Republicans in Tuesday's election.

How Tennesseans voted in key races

NASHVILLE (AP) — A look at some of the state's top races in Tuesday's general election in Tennessee:

Tennessee voters pass abortion, other amendments

NASHVILLE (AP) — Tennessee voters Tuesday approved a constitutional change that will give state lawmakers more power to regulate abortion and also gave a nod to three other amendments on the ballot, including one that will give the Legislature more power over the selection of judges.

AUTO INDUSTRY

Chrysler 3Q earnings up 32 pct. on rising sales

DETROIT (AP) — Chrysler Group's third-quarter net profit rose 32 percent as worldwide sales continued to climb, helping the U.S. company prop up its ailing parent.

Survey finds people text and drive knowing dangers

Nearly everyone agrees that texting and driving is dangerous. Most people do it anyway.

Toyota raises forecast on profit jump, weak yen

TOKYO (AP) — Toyota raised its annual earnings forecast after posting a 23 percent jump in quarterly profit Wednesday as a favorable exchange rate added to the momentum of the Japanese automaker's sales growth.

Audi recalling nearly 102,000 cars to fix air bags

DETROIT (AP) — Audi is recalling nearly 102,000 luxury cars because the front air bags may not inflate in a crash.

NATIONAL BUSINESS

US stocks gain as the price of crude oil rebounds

NEW YORK (AP) — Stocks returned to record levels on Wednesday as a rebound in oil prices boosted energy stocks. The stock market also gained after the completion of midterm elections that saw Republicans take control of the Senate.

OPEC shaken by Saudi price move

VIENNA (AP) — Saudi Arabia showed little concern for fellow OPEC members by unilaterally cutting its oil prices to the U.S. this week, a move that casts doubts on the cartel's credibility and its ability to find a common plan to stabilize the slumping energy market.

US services firms grow more slowly, but hiring up

WASHINGTON (AP) — U.S. services firms expanded more slowly in October, but the pace of growth was still healthy. Hiring also rose to the fastest pace in more than nine years.

Survey: US businesses add 230,000 jobs in October

WASHINGTON (AP) — U.S. companies added 230,000 jobs in October, the most in four months and a sign that businesses are still willing to hire despite signs of slowing growth overseas.

In a Mustang, US diplomat sells trade deal in EU

COIMBRA, Portugal (AP) — The American diplomat turns heads when he rides into rural Portuguese towns on a roaring Harley Davidson or behind the wheel of a vintage Ford Mustang, bringing what he says is an important message: the free trade deal being negotiated between the United States and the European Union is nothing to be afraid of.


TUESDAY, NOVEMBER 4
MUSIC INDUSTRY

Miranda Lambert vs. the men at 2014 CMAs

NASHVILLE (AP) - In one corner you've got the starring members of the country boys' club: The veteran George Strait; the Australian guitar player who rocks the shaggy bangs, Keith Urban; the best-selling party boy Luke Bryan; and the funny, tall guy, Blake Shelton.

NASHVILLE AREA

Nashville mayor challenges governor in food drive

NASHVILLE (AP) — Nashville Mayor Karl Dean is challenging Gov. Bill Haslam to another "food fight."

STATEWIDE

Election officials remind voters of hotline, app

NASHVILLE (AP) — State election officials are reminding voters where they can turn if they have questions or concerns.

Fred's names new chief executive officer

MEMPHIS (AP) — Discount retailer Fred's has named a new chief executive officer.

AUTO INDUSTRY

Engine-maker Rolls-Royce to cut 2,600 jobs

LONDON (AP) — Airplane engine-maker Rolls-Royce Holdings PLC says it will reduce its staff by 2,600 over the next 18 months as part of a restructuring focused on its aerospace decision.

Ford issues 5 recalls covering 202,000 vehicles

DETROIT (AP) — Ford is recalling more than 202,000 cars, vans and trucks in North America in five separate recalls to fix gas leaks, air bag sensors, stalling and other issues.

Nissan's quarterly profit jumps on sales, yen perk

TOKYO (AP) — Nissan's quarterly profit jumped nearly 15 percent to a better-than-expected 124.9 billion yen ($1.1 billion) as vehicle sales improved in almost all regions.

REAL ESTATE

Pace of US home price growth slows in September

WASHINGTON (AP) — The U.S. housing market cooled off in September, as home prices rose at an ever slowing pace.

NATIONAL BUSINESS

US stocks slip as oil slump hits energy companies

NEW YORK (AP) — The ongoing slump in oil prices weighed on stocks again on Tuesday, pushing energy companies to another day of big losses. Disappointing earnings outlooks from a range of companies, including Priceline and Michael Kors also weighed on the market.

EU cuts growth forecasts as big economies falter

BRUSSELS (AP) — The European Union cut its already low economic growth forecasts further on Tuesday, indicating the recovery will remain sluggish amid problems for the bigger countries, particularly France and Germany.

Oil prices tumble on Saudi discount move

LONDON (AP) — Oil prices slumped to multi-year lows on Tuesday after Saudi Arabia cut the price of oil sold to the U.S., a move that is shaking an already volatile market but will likely give the world economy an unexpected stimulus.

US sues Southwest Airlines over maintenance issues

DALLAS (AP) — The federal government is suing Southwest Airlines Co. after failing to reach a settlement with the carrier over allegations that repairs to dozens of planes didn't meet safety standards.

JPMorgan reveals criminal investigation

NEW YORK (AP) — JPMorgan Chase says the Justice Department has opened a criminal investigation into its foreign exchange business.


MONDAY, NOVEMBER 3
STATEWIDE

Guide to top races on Election Day in Tennessee

NASHVILLE (AP) - Here is a look at some of the state's top races in Tuesday's general election in Tennessee:

Advocates make final pitches in Tennessee races

NASHVILLE (AP) - Republican U.S. Sen. Lamar Alexander said Monday he's not concerned about the margin of the outcome of Tuesday's election - so long as he emerges the winner.

Today is last full day of campaigning before vote

NASHVILLE (AP) — The barrage of television ads and campaigning in Tennessee is heading into its last full day before Tuesday's vote.

Tennessee ranked top for foreign direct investment

NASHVILLE (AP) — Tennessee has been ranked the top state in the nation for foreign direct investment job commitments in 2013.

Tennessee Board of Education names Heyburn director

NASHVILLE (AP) — The Tennessee State Board of Education has announced that Sara Heyburn will succeed Gary Nixon as executive director of the policymaking panel.

AUTO INDUSTRY

Nissan, GM, others report sales boosts for October

DETROIT (AP) — Falling gas prices improved buyers' moods and boosted sales of SUVs and trucks in October.

GM sales rise slightly on pickup truck gains

DETROIT (AP) — General Motors says its October U.S. sales rose slightly as pickup truck sales jumped while some top-selling car models faltered.

TECHNOLOGY

Virgin spaceship's descent system deployed early

LOS ANGELES (AP) — A space tourism rocket broke apart in flight over California's Mojave Desert after a device to slow the experimental spaceship's descent deployed too soon, federal investigators said.

REAL ESTATE

US construction spending down for second month

WASHINGTON (AP) — U.S. construction spending fell for a second straight month in September as a slight rebound in housing was offset by further declines in nonresidential building and in government projects.

NATIONAL BUSINESS

US stock indexes hold near records; Crude slides

NEW YORK (AP) — The stock market held close to record levels on Monday as a report showed that manufacturing remains on sound footing in the U.S. even as other parts of the global economy struggle. Falling oil prices weighed on energy stocks.

Pace of US factory activity picks up in October

WASHINGTON (AP) — U.S. factories were busier in October. Orders, productivity and hiring all grew faster than they did in September, according to a private survey.

Skip check-in; latest hotel room key is your phone

NEW YORK (AP) — Hotels don't want guests to have to linger at the front desk — or even stop by at all.

World Trade Center reopens for business

NEW YORK (AP) — Thirteen years after the 9/11 terrorist attack, the resurrected World Trade Center is again opening for business — marking an emotional milestone for both New Yorkers and the nation.

NATIONAL POLITICS

Midterm elections carry high stakes for US economy

WASHINGTON (AP) — The midterm slugfest for control of the U.S. Senate could have far-reaching effects on the economy.


FRIDAY, OCTOBER 31
STATE LEGISLATURE

Rivals gear up for next round of Tennessee whiskey war

NASHVILLE (AP) — The passage of several months since a heated legislative debate over the legal definition of Tennessee whiskey has done little to mellow the dispute between two global liquor giants and the growing number of craft distillers caught between them.

STATEWIDE

MTSU poll: Popularity drops for Haslam, Alexander

NASHVILLE (AP) - A new poll by Middle Tennessee State University indicates Gov. Bill Haslam and fellow Republican U.S. Sen. Lamar Alexander hold wide leads over their Democratic challengers, but that support for the incumbents hovered around or below 50 percent.

Tennessee, South Carolina lead gasoline-price slide

NEW YORK (AP) — The average price of gasoline in the U.S. hit $3 a gallon Friday, and should soon drop below the benchmark for the first time since December 2010.

COURTS

Brentwood man charged with bankruptcy fraud

NASHVILLE (AP) — A Tennessee man has been indicted on a three counts of bankruptcy fraud after prosecutors say he gave false testimony to a U.S. trustee.

HEALTH CARE

Medicare paid for meds after patients were dead

WASHINGTON (AP) — Call it drugs for the departed: A quirky bureaucratic rule led Medicare's prescription drug program to pay for costly medications even after the patients were dead.

NATIONAL BUSINESS

Wall Street caps a wild month with rally, closes at all-time high.

NEW YORK (AP) — For stock investors, there was no shortage of drama in October. Stocks started the month modestly below a record high, only to cascade to their worst slump in two years. But after flirting with a correction, or a 10 percent drop, the U.S. market rebounded and closed at all-time highs on the last day of the month.

US consumer sentiment index reaches 7-year high

WASHINGTON (AP) — U.S. consumers expect better economic growth and rising incomes in the coming months, pushing a measure of confidence to a seven-year high in October.

US consumer spending down 0.2 percent in September

WASHINGTON (AP) — U.S. consumer cut spending in September for the first time in eight months, as incomes grew at the slowest pace this year. The figures underscore nagging economic soft spots that are expected to ease in the coming months.

Wal-Mart ups ante on holiday shopping

NEW YORK (AP) — Wal-Mart is doing whatever it takes to rope in holiday shoppers however they want to buy.

Study: Mislabeled shrimp at restaurants, grocers

NEW ORLEANS (AP) — Ever thought that big, pink Gulf coast shrimp you ordered at the restaurant or bought from the store didn't taste juicy or salty enough?

Not so sweet: Chocolate prices are set to rise

NEW YORK (AP) — That bowl of chocolates for ninjas and ghosts won't cost you more this Halloween. Picking the perfect sweet for your Valentine could.

Wal-Mart tests matching prices with online rivals

NEW YORK (AP) — Wal-Mart Stores Inc. is considering matching online prices from competitors such as Amazon.com, raising the stakes for the holiday shopping season.

For-profit programs face 'gainful employment' rule

WASHINGTON (AP) — For-profit colleges with graduates unable to pay back their student loans could soon face scrutiny by the federal government.

Average US 30-year loan rate up to 3.98 pct.

WASHINGTON (AP) — Average U.S. long-term mortgage rates arrested their five-week decline this week but the benchmark 30-year loan remained below 4 percent.

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