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VOL. 37 | NO. 44 | Friday, November 01, 2013

What’s next for e-cigarette fans – FDA regulation or business boom?

Beaming blue lights in the midst of odorless vapors are setting a smokeless firestorm amongst lawmakers, health officials and the advocates for electronic cigarettes.

Bars, stores cater to e-cigarette army

With online sales booming and brick-and-mortar e-cigarette retail stores popping up in Middle Tennessee, Russell Cunningham wanted a slice of the business - despite never vaping or smoking.

Music and art mesh in Veda’s storied life

Introduced to the Grand Ole Opry crowd as “The Spanish Hank Williams” back in 1962, there remains a sense of music, of rhythm in the voice of Gil Veda as he sits in his adopted hometown’s busiest coffee house named for a dog and raises his soft voice as much as possible to be heard above the din.

Veda's non-stop creativity in 3 languages

To try to capture the business interests as well as the artistic endeavors of Gil Veda is almost impossible, as he has packed much into his almost 80 years. Much of that is detailed in the accompanying story. But here are a few other little tidbits about Veda:

Midstate businesses find trained staff at Goodwill Industries

“Give it to Goodwill” has been an effective ad campaign for years in Middle Tennessee, ensuring that the charity’s clothing racks and store shelves stay full of merchandise.

Local Weather
Today
Nashville, TN
55°F
Fair
Wind: 5 mph
Humidity: 55%

EVENTS

Tennessee Real Estate Investors Association Landlord Briefing. Randee Rogers Training Center, today, 1-3 p.m., 1419 Rosa L. Parks Blvd., Nashville. Registration and information: tennreia@gmail.com.

more events »

REALTY CHECK

Top 5 things no one wants to hear at closing

Highly regarded real estate closing attorney Jerry Patterson of the venerable First Title and Escrow had agreed to speak to a group of Realtors and the muse had not visited in the days leading up to his speech.

TERRY McCORMICK

Facing off against Fisher should have meaning

This date – Nov. 3, 2013 - has been circled on the Tennessee Titans calendar for awhile.

NEWSMAKERS

Centerstone names Slusser director of advancement

Centerstone, one of the nation’s leading not-for-profit providers of community-based mental health and addiction services, has promoted Jeney Slusser to director of advancement in Tennessee.

GUERRILLA MARKETING

Investing in the right social media

For the majority of industries, social media is an essential arrow in a company’s quiver of marketing tools.In fact, more than half of businesses using social media marketing for more than three years report an increase in sales over that period, according to the 2012 Social Media Industry Report.

THE WORLDLY INVESTOR

Markets keep moving up

Markets continued their record march this week as a tepid jobs report reinforced expectations for further Fed stimulus.

I SWEAR

Exploring ‘subfrickative contortive case’ and males

A while back, I cited a sports item in which two coaches were, respectively, if not respectfully, cited as having said that a matter was “between he and I” and “between me and him.”

KAY'S COOKING CORNER

Saffron: Spice is so ‘mellow yellow’

This past week, Don and I dined at one of our favorite restaurants. In honor of autumn, I had to have a “fall food” dish and chose butternut squash cannelloni in saffron cream sauce. I made an excellent choice.

MUSIC INDUSTRY

CMA Awards, fellow stars salute George Strait

NASHVILLE (AP) — The entertainer of the year trophy at the Country Music Association Awards is one of the most coveted honors in the genre, but sometimes it's OK to lose — like, say, when George Strait is a nominee.

STATEWIDE

Army gives ROTC programs in Tennessee 2-year reprieve

NASHVILLE (AP) — The U.S. Army has agreed to put off the planned closure of Reserve Officers Training Corps programs at three Tennessee universities.

MIDSTATE

Franklin-based Clarcor buying GE subsidiary

General Electric is selling its Kansas-based air filtration business to Clarcor Inc. of Franklin for $265 million.

NATIONAL BUSINESS

Company restocking lifted US economic growth in Q3

WASHINGTON (AP) — The U.S. economy expanded at a 2.8 percent annual rate from July through September, a surprising acceleration ahead of the 16-day partial government shutdown. But much of the strength came from a buildup in company stockpiling.

US unemployment benefit applications fall to 336K

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits fell 9,000 to a seasonally adjusted 336,000 last week, bringing applications to pre-recession levels.

Stocks slip; US growth raises fear of Fed pullback

NEW YORK (AP) — The stock market retreated from record levels Thursday as investors interpreted faster growth in the U.S. economy as a sign the Federal Reserve could soon slow its stimulus program.

Strong dollar drives oil down to near $94 a barrel

The price of oil fell to near $94 a barrel Thursday, as an unexpected rate cut by the European Central Bank strengthened the dollar and an OPEC report depicted abundant global supplies.

Nation's poor at 49.7M, higher than official rate

WASHINGTON (AP) — The number of poor people in America is 3 million higher than the official count, encompassing 1 in 6 residents due to out-of-pocket medical costs and work-related expenses, according to a revised census measure released Wednesday.

Average US rate on 30-year mortgage rises to 4.16 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose slightly last week but remained near historically low levels.

Fannie, Freddie post strong earnings for 3Q

WASHINGTON (AP) — Fannie Mae and Freddie Mac posted strong earnings for the July-September period as the housing market continued to recover. The gains will enable the mortgage giants to finish repaying their taxpayer aid or come close to doing so five years after they were rescued by the government.

Twitter set for public stock debut on NYSE

NEW YORK (AP) — Twitter's public stock debut, set for Thursday morning on the New York Stock Exchange, has been carefully orchestrated to avoid the glitches and eventual letdown that surrounded Facebook's initial public offering 18 months ago.


WEDNESDAY, NOVEMBER 6
MUSIC INDUSTRY

Songwriter Dean Dillon honored as BMI Icon

NASHVILLE (AP) — Songwriter Dean Dillon penned hits for George Strait, George Jones, Kenny Chesney and more in his prolific career in Nashville and several of those artists honored him as the newest BMI Icon at Tuesday's BMI Country Awards.

AUTO INDUSTRY

Tesla falls most in 2 years on battery shortage

Electric car maker Tesla Motors has a battery problem. It doesn't have enough of them.

Toyota profit jumps 70 percent despite sales slip

TOKYO (AP) — Toyota's quarterly profit soared 70 percent, and the world's top-selling automaker raised its earnings forecast, as cost cuts and the weaker Japanese yen compensated for slightly weaker vehicle sales.

HEALTH CARE

Obama meets with Senate Dems on health care

WASHINGTON (AP) — President Barack Obama met Wednesday with Senate Democrats facing re-election next year to discuss the problem-plagued health care rollout that could affect their races.

Sebelius takes GOP criticism over 'Obamacare'

WASHINGTON (AP) — Republicans blistered Health and Human Services Secretary Kathleen Sebelius on Wednesday over the nation's controversial health care law, bluntly challenging her honesty, pushing for her resignation and demanding unsuccessfully she concede that President Barack Obama deliberately misled the public about his signature domestic program.

Tweaking Perry, Obama pitches health care in Texas

WASHINGTON (AP) — Beset by hard-to-keep promises and a massive website failure, President Barack Obama is promoting his embattled health care law in the state with the highest rate of uninsured Americans, which has also been politically hostile to the signature initiative of his presidency.

NATIONAL BUSINESS

Dow Jones average is back at a record high

NEW YORK (AP) — The Dow Jones industrial average is closing at another record high.

Oil jumps after government says demand for gas rising

NEW YORK (AP) — Oil rose 1.5 percent Wednesday as the U.S. government reported a strong increase in demand for gasoline last week.

Why a spike in October unemployment may not be so bad

WASHINGTON (AP) — The jobs report for October due out Friday may be bleak. It might even be scary. The unemployment rate could jump by the most in three years. Hiring may slow from an already weak pace.

Measure of US economy's health rises 0.7 percent

WASHINGTON (AP) — A gauge of the U.S. economy's future health rose solidly in September, suggesting the economy was making gains before the government shut down for 16 days.

Why some experts think Twitter stock is a bargain

NEW YORK (AP) — Critics dismiss it as a fad. It's tiny next to some rivals. And it loses money.

Dish to close rest of its Blockbuster stores in US

SAN FRANCISCO (AP) — The final curtain is falling on the remaining Blockbuster video-rental stores that Dish Network Corp. runs in the U.S.

NATIONAL POLITICS

Christie, McAuliffe, winners in slate of elections

ASBURY PARK, N.J. (AP) — The 2016 overtones were clear in this year's two most high-profile elections.


TUESDAY, NOVEMBER 5
MUSIC INDUSTRY

George Strait honored with ASCAP Founder's Award

NASHVILLE (AP) — George Strait's trophy closet keeps getting more crowded. This time it was the performing rights organization ASCAP doing the honoring, giving Strait its Founder's Award.

STATE LEGISLATURE

Lawmakers review role of State Textbook Commission

NASHVILLE (AP) - Parents claiming that some textbooks being used in state schools are biased say they're open to a stronger public review process, which state education officials acknowledge is needed to improve the current process for choosing books.

Senate leader calls Medicaid talks waste of time

NASHVILLE (AP) - State Senate Speaker Ron Ramsey says he would be against an effort to expand Medicaid even if fellow Republican Gov. Bill Haslam successfully negotiated a special deal for Tennessee.

NASHVILLE AREA

Plane in Nashville crash not supposed to be in US

NASHVILLE (AP) - According to a preliminary report, the pilot of a small, private plane that crashed and burned at Nashville International Airport last week had filed a flight plan for a short trip within Canada and was not in touch with air traffic control.

TSU's College of Engineering awarded $1.9M grant

NASHVILLE (AP) — Tennessee State University's College of Engineering has received a nearly $2 million grant from the U.S. Air Force Research Laboratory to study strategic initiatives.

AUTO INDUSTRY

Renault-Nissan, Mitsubishi to expand cooperation

TOKYO (AP) — The Renault-Nissan alliance and Mitsubishi Motors Corp. said Tuesday they will expand cooperation in developing new vehicles, including small cars and full-size sedans.

HEALTH CARE

Tavenner says website improved and improving

WASHINGTON (AP) — A senior government official declined to say Tuesday if the administration will support legislation to fulfill President Barack Obama's oft-stated promise that anyone who likes their health care plan will be able to keep it under the nation's new law.

NATIONAL BUSINESS

Handful of weak earnings stall the stock market

NEW YORK (AP) — Weak earnings reports from a handful of U.S. companies are tugging stock indexes slightly lower.

Oil slides below $94

The price of oil dropped another 1 percent Tuesday to below $94 per barrel, extending a month-long slide due to expectations of rising supplies.

Twitter is powerful, but where are the profits?

NEW YORK (AP) — It can help overthrow dictators. But can it make money?

US service firms expanded more quickly in October

WASHINGTON (AP) — Activity at U.S. service firms accelerated in October behind a jump in sales and more hiring, suggesting businesses largely shrugged off the partial government shutdown.

US home prices rise at slower pace in September

WASHINGTON (AP) — A measure of U.S. home prices rose only slightly in September from August, a sign that prices are leveling off after big gains earlier this year.

What is Google building out in San Francisco Bay?

San Francisco's mayor says he doesn't know what it is. Police say it's not their jurisdiction. And government inspectors are sworn to secrecy.

Twitter just one symptom of IPO fever's return

IPO fever is back.Five years after the financial crisis dampened enthusiasm for initial public offerings, investors are again eager to buy shares when companies start trading.

OECD: Economic crisis hits trust in governments

BRUSSELS (AP) — The financial crisis of the past few years has severely sapped confidence in government around the globe, a think-tank representing the world's wealthiest economies said Tuesday.

NATIONAL POLITICS

Obama meets with CEOs to push immigration reform

WASHINGTON (AP) — President Barack Obama says U.S. businesses are looking for quick passage of immigration reform as he pushes Congress to act by the end of the year.

Senate moves ahead on gay rights bill

WASHINGTON (AP) — The Senate is moving forward on the first major bill barring workplace discrimination against gays in nearly two decades as Americans' shifting views about homosexuality have significantly changed the political dynamic.


MONDAY, NOVEMBER 4
MUSIC INDUSTRY

Taylor Swift to receive CMA's Pinnacle Award

NASHVILLE (AP) - The Country Music Association Awards aren't until Wednesday, but Taylor Swift's already a winner.

STATE LEGISLATURE

Lawmakers to review textbook selection process

NASHVILLE (AP) — Tennessee lawmakers are holding hearings this week to review the state's textbook selection process.

STATEWIDE

3 Tennessee ROTC programs to be discontinued

NASHVILLE (AP) — The Army is discontinuing ROTC programs at three Tennessee universities.

COURTS

High court ends Oklahoma bid to limit drug abortions

WASHINGTON (AP) — The Supreme Court said Monday it will leave in place an Oklahoma court ruling that struck down a state law limiting drug-induced abortions.

Legislative prayer gets Supreme Court review

WASHINGTON (AP) — The Supreme Court, which asks for God's protection before every public session, will settle a dispute over prayer in the halls of government.

HEALTH CARE

Obama's health law finally gets real for America

WASHINGTON (AP) — Now is when Americans start figuring out that President Barack Obama's health care law goes beyond political talk, and really does affect them and people they know.

GOP's Sen. Ayotte wants health care 'time out'

WASHINGTON (AP) — A moderate Republican senator is calling for a "time out" in the implementation of President Barack Obama's new health care program.

NATIONAL BUSINESS

US indexes edge higher; Small-company stocks shine

NEW YORK (AP) — Stock indexes are ending with slight gains as investors found plenty to like in housing, steel and transportation stocks.

Oil barely budges; gas price slips to $3.25

NEW YORK (AP) — The price of oil barely budged Monday after falling sharply last week on ample supplies and muted demand.

EU, US to resume free trade talks despite tension

BRUSSELS (AP) — The United States and the European Union will resume free trade negotiations next week despite heightened tension between the two over the alleged spying activities of the U.S. National Security Agency.

US factory orders rise 1.7 percent in September

WASHINGTON (AP) — Orders to U.S. factories rose in September on a big jump in commercial aircraft demand. But businesses cut back sharply on machinery and other goods that signal their confidence to expand, signs of slower economic growth.

BlackBerry abandons bid to sell itself, CEO out

TORONTO (AP) — BlackBerry abandoned its bid to sell itself on Monday, and announced it will replace its chief executive.

Hedge fund giant SAC Capital to pay $1.8B penalty

NEW YORK (AP) — SAC Capital Advisors will plead guilty to criminal fraud charges, stop investing money for others and pay $1.8 billion — the largest financial penalty in history for insider trading — to resolve criminal and civil claims against the hedge fund giant, the government announced Monday.

Men's Wearhouse denies Jos A Bank request

NEW YORK (AP) — Men's Wearhouse said Monday that it won't give rival Jos. A Bank access to nonpublic information that it could use to assess whether to potentially raise its $2.3 billion buyout offer.

Challenges abound for Twitter heading into IPO

SAN FRANCISCO (AP) — Twitter has built a digital town square that's teeming with activity but riddled with financial potholes. Seven years after co-founder Jack Dorsey sent the first tweet through the online messaging service, more than 500 million posts are shared each day by everyone from the Dalai Lama to Justin Bieber.

AP-CNBC poll: Twitter faces skeptical investors

NEW YORK (AP) — Twitter faces skepticism from potential investors and the broader public ahead of its initial public offering, according to an Associated Press-CNBC poll released Monday.

NATIONAL POLITICS

White House, lawmakers: no clemency for Snowden

WASHINGTON (AP) — The White House and the leaders of the congressional intelligence committees are rejecting former National Security Agency contractor Edward Snowden's plea for clemency.


FRIDAY, NOVEMBER 1
COURTS

Just 5 apply to fill Tennessee Supreme Court vacancy

NASHVILLE (AP) - Just five candidates have submitted applications to fill an upcoming West Tennessee vacancy on the state's highest court.

STATEWIDE

UT Knoxville application deadline extended

KNOXVILLE (AP) — The University of Tennessee, Knoxville, has extended its application deadlines for the fall 2014 semester.

AUTO INDUSTRY

Nissan cuts profit outlook, revamps management

DETROIT (AP) — The government shutdown dampened — but didn't stall — Americans' demand for new cars and trucks.

Chrysler, Ford, GM, Nissan post big Oct. gains

DETROIT (AP) — Chrysler, Ford, General Motors, Nissan and Toyota all posted October sales increases as the U.S. auto industry rebounded from a lackluster September.

NATIONAL BUSINESS

Stocks start November on a positive note

NEW YORK (AP) — The stock market started November on a strong note as investors reacted to an expansion in U.S. manufacturing last month.

Oil extends drop on concerns of high supplies

NEW YORK (AP) — The price of oil fell to the lowest level in more than four months Friday as concerns over high supplies continued to discourage investors.

Nasdaq Options Market halted, closed for day

NEW YORK (AP) — The Nasdaq shut down trading on one of its options markets Friday, the latest technical problem to hit the exchange.

US manufacturing expands at best pace in 2½ years

WASHINGTON (AP) — U.S. factory activity expanded in October at the fastest pace in 2½ years, suggesting that the 16-day partial shutdown of the government had little effect on manufacturers.

Obama pitches the US to foreign investors

WASHINGTON (AP) — President Barack Obama wants to step up government efforts to draw foreign companies to the U.S.

Facebook 3Q results fly past expectations

NEW YORK (AP) — Concerns about Facebook's ability to keep young teens coming back every day spooked some investors, even though the company's latest quarterly results showed continued strength in mobile advertising and beat Wall Street's expectations on all counts.

Lowe, father of IBM personal computer, dies at 72

CHICAGO (AP) — William C. Lowe had a bold idea: IBM should develop a personal computer that could be mass marketed, expanding the company's reach beyond businesses and into people's homes.

FAA OKs air passengers using gadgets on planes

WASHINGTON (AP) — Airline passengers won't have to "turn off all electronic devices" anymore — they'll be able to read, work, play games, watch movies and listen to music from gate to gate under new guidelines from the Federal Aviation Administration. But they still can't talk on their cellphones through the flight.

FDA enlists companies to head off drug shortages

WASHINGTON (AP) — The Food and Drug Administration announced a new proposal Thursday to try and head off more shortages of crucial medications that have disrupted care at hospitals and clinics nationwide.

NATIONAL POLITICS

Senate blocks Obama picks for judge, housing posts

WASHINGTON (AP) — Senate Republicans blocked President Barack Obama's nominees to lead an influential federal court and a housing agency on Thursday, despite Democratic warnings of a return to last summer's partisan brawl over who wields power in the Senate.

Ryan strikes collaborative tone in opening talks

WASHINGTON (AP) — To hear Rep. Paul Ryan tell it, a bipartisan group of congressional negotiators has the chance to take the first steps toward fixing a serious problem: a debt-ridden federal government facing an onslaught of retiring baby boomers draining entitlement programs.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0