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VOL. 36 | NO. 49 | Friday, December 07, 2012

Get the party started

Employers are finally ready to cut loose after too many years of cocktail weenies and cheap wine

Bill Reynolds won’t soon forget 2008, the year the economy stole Christmas.

Survey shows 44% planning holiday parties

When it comes to asking workers if they favor a company holiday party, well, do you really have to ask?

Demand fuels new crop of party venues

Special event venues and restaurants with party spaces are swamped with holiday bookings sales at levels they haven’t seen since the pre-recession days of the mid-2000s, say Middle Tennessee event planners, caterers and local restaurant owners.

Anthem to launch New Year’s Eve

You may have known it as Pub of Love, Lot 7, or most recently Mai, but the latest use of the space at the corner of 12th and Grundy is more than just an old building with a new name. It is a revamped music and events venue, rehabbed with a new floor plan, new entrance and new vision.

Sumner County venues step up

Christopher and Brenda Newton, longtime Sumner County caterers, were expecting solid business when they opened EPIC Event Centre in Gallatin last year. The culinary couple knew from experience that Sumner County lacked spaces for large parties and events.

Local Weather
Today
Nashville, TN
85°F
Partly Cloudy
Wind: 9 mph
Humidity: 65%

EVENTS

20th annual Education Report Card. For two decades, the Nashville Area Chamber has annually convened a diverse group of business and community representatives to evaluate the progress of Nashville’s public school system. Each year, the committee examines academic performance data from the previous school year and prepares a written report presenting findings and recommendations for improvement. This year’s report also will also take an in-depth look at the future role of charter schools. Guests include Mayor Karl Dean, Metro Schools director Dr. Jesse Register, Board of Education chair Cheryl Mayes and Education Report Card Committee co-chairs Ron Corbin and Todd Vandawater. Monday, 10 a.m., Adventure Science Center, 800 Fort Negley Boulevard, Nashville. Information: nashvillechamber.com, 743-3063.

more events »

Need to get away? Some options

It’s mid-December and the holiday madness is in full swing. Despite a full calendar of plans with family and friends — or maybe because of it — the lure of a carefree couple of days out of town is just too good to resist.

Adding a new twist to Southern favorites

Nashville is at the center of a trend, and it doesn’t have anything to do with music, television or, sadly, pro football. Music City’s food is suddenly a shining star, and seemingly everyone has noticed.

Keep holiday flowers simple

For 10 years, OSHi Flowers has created floral arrangements to grace The Pinnacle in downtown Nashville and brighten homes and offices from Middle Tennessee to New York, London and Paris.

REALTY CHECK

Which works best for you, Realtor or parrot?

There is confusion among some Realtors between representation and recitation, much of the issue having to do with agency and its meaning.

TERRY McCORMICK

2013 is make-or-break for Munchak, Locker

Maybe it’s just the world we live in, but already you get the feeling that the clock is ticking for Jake Locker as the Tennessee Titans quarterback.

NEWSMAKERS

Hogan, Evans named to CapStar leadership

Dan W. Hogan has been appointed chief operating officer and Tipton H. Evans chief information officer as part of a reorganization of management at CapStar Bank.

GUERRILLA MARKETING

Remembering legendary Ziglar with his words

Author, motivational speaker and consummate salesman Zig Ziglar died in late November at the age of 86. Heralding from Yazoo City, Miss., Ziglar impacted the lives of salespeople worldwide. His influence was undeniable and his legacy, long lasting. This compilation of “Zigisms” is in celebration of his life’s work. May they bring you inspiration.

THE WORLDLY INVESTOR

Fiscal equality vs. efficiency

Beneath the “fiscal cliff” debate is a fundamental battle of philosophy. Liberal economics prioritizes equality, while conservative economics prioritizes efficiency. Migration toward either of these polls contains costs and benefits. Below is an excerpt from a tax study of developed nations commissioned by the Paris based OECD:

SMART STUFF 4 WORK

Become great by choice

There are those who continually improve their knowledge and skills and have accumulated 30 years experience. And then there are those who simply repeat their initial year of experience 30 times, learning very little along the way.

I SWEAR

Impatient champs champ, not chomp, at the bit

In a recent newspaper article, a basketball coach is quoted: “I think our guys are champing at the bit to get back on the court.”

KAY'S COOKING CORNER

Jelly-filled doughnut healthier than plain?

Nov. 28 is a highly celebrated day in my life. It’s not my birthday or anniversary, although those are important. (Well, not birthday, unless for some reason I start getting younger).

STATEWIDE

Dozens sue pharmacy in meningitis case, but compensation uncertain

NASHVILLE (AP) — Dennis O'Brien rubs his head as he details ailments triggered by the fungal meningitis he developed after a series of steroid shots in his neck: nausea, vomiting, dizziness, drowsiness, blurred vision, exhaustion and trouble with his speech and attention.

NASHVILLE AREA

Dean launches downtown bicycle sharing program

NASHVILLE (AP) — A new bike share program in Nashville will provide bikes at several downtown kiosks for residents and visitors.

MIDSTATE

MTSU teams to test alternative fuels in cart race

MURFREESBORO (AP) — Teams of students from Middle Tennessee State University will be putting several types of alternative fuels to the test in a race around campus.

STATE LEGISLATURE

House Democrats keep top leadership in place

NASHVILLE (AP) — House Democrats and Senate Republicans voted Wednesday to keep their top leadership in place.

AUTO INDUSTRY

GM gives its pickups a much-needed makeover

DETROIT (AP) — General Motors is giving its big pickups a much-needed makeover.

NATIONAL BUSINESS

Rate on US 30-year mortgage dips to 3.32 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell this week near record lows, providing more incentive for Americans to buy homes and refinance.

US retail sales rose 0.3 percent in November

WASHINGTON (AP) — Americans spent more online in November to start the holiday season and began to replace cars and rebuild in the Northeast after Superstorm Sandy.

Weekly US jobless aid applications drop to 343K

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving.

Cheaper gas drives down US wholesale price index

WASHINGTON (AP) — Cheaper gas drove down a measure of wholesale prices in November for the second straight month, a sign inflation remains in check.

US business stockpiles rise 0.4 percent in October

WASHINGTON (AP) — U.S. businesses added to their stockpiles in October while sales fell, a sign that companies may order fewer goods in the coming months.

Stocks lower as investors watch Washington

NEW YORK (AP) — Stocks slipped Thursday on Wall Street after more signs of tension emerged from federal budget talks in Washington.

Oil slips on US talks impasse, weak demand outlook

The price of oil fell to near $86 a barrel on Thursday after critical budget negotiations in Washington reached an apparent impasse.

Airlines: 2013 profits to rise thanks to cost cuts

GENEVA (AP) — Airlines' profits will improve to $8.4 billion in 2013, mainly reflecting cost cuts and restructuring measures taken to compensate for stalling economic growth, the global industry's trade group forecast Thursday.

Election over, administration unleashes new rules

WASHINGTON (AP) — While the "fiscal cliff" of looming tax increases and spending cuts dominates political conversation in Washington, some Republicans and business groups see signs of a "regulatory cliff" that they say could be just as damaging to the economy.

Google Maps return to iPhone with new mobile app

SAN FRANCISCO (AP) — Google Maps has found its way back to the iPhone.

NATIONAL POLITICS

Top Democrats say raising Medicare age off the table

WASHINGTON (AP) — One of President Barack Obama's Senate allies said Thursday the White House has assured him the president won't yield to GOP demands to increase the eligibility age for Medicare.

Leading conservative says Obama will win tax fight

WASHINGTON (AP) — A leading conservative who's resigning from the Senate is predicting that President Barack Obama will win the battle over raising taxes.

'Fiscal cliff' talks vexing official Washington

WASHINGTON (AP) — Five weeks after President Barack Obama won re-election and gained more leverage to make GOP conservatives bend on taxes, the new balance of power is proving vexing for both sides.


WEDNESDAY, DECEMBER 12
NASHVILLE AREA

Artist's light structures come to Nashville show

NASHVILLE (AP) - Renowned artist Bruce Munro's lighting structures will be displayed at an exhibition called "Light" at Nashville's Cheekwood Botanical Garden & Museum of Art.

STATEWIDE

Vandy poll shows support for state-run exchange

NASHVILLE (AP) — A majority of Tennesseans - including nearly three-quarters of those identifying themselves as Republicans - prefer a state-run health insurance exchange over one run by the federal government, according to a poll released by Vanderbilt University on Wednesday.

AUTO INDUSTRY

Indy to replace entire fleet with electric, hybrid

INDIANAPOLIS (AP) — Indianapolis wants to become the first major city to replace its entire fleet with electric and plug-in hybrid vehicles in a move the mayor says is designed to reduce U.S. reliance on foreign-produced fuels, city officials said Tuesday.

Honda recalls more than 800,000 minivans and SUVs

DETROIT (AP) — Honda is recalling more than 870,000 minivans and SUVs worldwide because they can roll away even though drivers have removed the keys from the ignition.

NATIONAL BUSINESS

Bernanke says fiscal cliff already hurting economy

WASHINGTON (AP) — The U.S. economy is already being hurt by the "fiscal cliff" standoff in Washington, Federal Reserve Chairman Ben Bernanke said Wednesday. But Bernanke said the Fed believes the crisis will be resolved without significant long-term damage.

Stocks end little changed after Fed rally fizzles

NEW YORK (AP) — Stocks ended the day little changed Wednesday after a rally prompted by the Federal Reserve's latest economic stimulus program fizzled out.

Fed sends clearer signal on keeping rates low

WASHINGTON (AP) — The Federal Reserve sent its clearest signal to date Wednesday that it will keep interest rates super-low to boost the U.S. economy even after the job market has improved significantly.

Fewer US CEOs expect hiring dip over next 6 months

WASHINGTON (AP) — A survey of U.S. chief executives shows the number of large companies that plan to add jobs or hire more workers is essentially unchanged versus three months ago, although fewer expect hiring to decrease.

Facebook poised to roll out more privacy controls

SAN FRANCISCO (AP) — Facebook is trying to make its privacy controls easier to find and understand in an effort to turn the world's largest social network in to a more discreet place.

Fed expected to revamp bond buying program

WASHINGTON (AP) — The Federal Reserve is wrapping up 2012 the way it began the year, searching for ways to help a U.S. economy that is still struggling with high unemployment and sub-par growth.

Oil rises on Fed stimulus plan

NEW YORK (AP) — Oil traders got what they wanted Wednesday: another big move by the Federal Reserve to stimulate the slow-growing U.S. economy.

OPEC ministers signal no change in output targets

VIENNA (AP) — OPEC oil ministers signaled Wednesday that they have agreed to stick to present output targets while remaining undecided on who should fill a senior post coveted both by Saudi Arabia and arch-rival Iran.

Michigan becomes right-to-work state despite protests

LANSING, Mich. (AP) — In a dizzyingly short time span, Republicans have converted Michigan from a seemingly impregnable fortress of organized labor into a right-to-work state, leaving outgunned Democrats and union activists with little recourse but to shake their fists and seek retribution at the ballot box.

Avon to cut 4 pct of jobs in global restructuring

NEW YORK (AP) — Avon Products plans to cut about 1,500 jobs and exit two Asian markets, as the struggling beauty products seller starts on a broad restructuring plan in an effort to turn around results.

NATIONAL POLITICS

No budging as fiscal cliff talks appear stalled

WASHINGTON (AP) — Republicans aren't budging on tax rates, and Democrats are resisting steps like raising the eligibility age for Medicare. Negotiations on averting a year-end fiscal train wreck combining big automatic tax hikes and sweeping spending cuts again appear stalled.

Obama's fiscal cliff strategy is tricky balance

WASHINGTON (AP) — Playing both sides, President Barack Obama is trying to balance his public pressure campaign on Republicans over the looming "fiscal cliff" with his private negotiations with GOP leaders.

US economy could withstand brief fall off 'cliff'

WASHINGTON (AP) — It's the scenario that's been spooking employers and investors and slowing the U.S. economy:

Questions and answers about the US 'fiscal cliff'

WASHINGTON (AP) — Congress and the White House are struggling to avoid the "fiscal cliff," the package of huge tax increases and spending cuts that kick in next year unless a budget agreement is reached first.


TUESDAY, DECEMBER 11
MUSIC INDUSTRY

Songs take starring role in TV drama Nashville

NASHVILLE (AP) - Buddy Miller says these days it's not unusual for duet partners to cut their love songs syllable by syllable while never even seeing each other: "In this town especially that's what happens."

NASHVILLE AREA

Dollar General 3Q net income rises 21 pct

GOODLETTSVILLE (AP) - Dollar General Corp. said Tuesday that its fiscal third-quarter net income rose 21 percent, helped by strong demand for candy and snacks.

STATEWIDE

Auto component make expanding in Dayton

NASHVILLE (AP) - An automotive component company with a plant in Dayton will add about 50 manufacturing jobs.

NATIONAL BUSINESS

Stocks gain on budget talk optimism, Fed stimulus

NEW YORK (AP) — Stocks rose for a fifth straight day Tuesday as investors latched on to reports of progress in budget talks in Washington. The Standard & Poor's 500 index had its biggest gain this month.

US employers advertise more jobs in October

WASHINGTON (AP) — U.S. employers advertised more jobs in October than September, a hopeful sign that hiring could pick up in the coming months.

Exxon: US energy revival has staying power

NEW YORK (AP) — Exxon says the energy renaissance in the U.S. will continue and predicts that North America will become a net exporter of oil and gas by the middle of the next decade.

Oil prices rise as Federal Reserve meeting starts

Oil moved a little higher as a meeting of the Federal Reserve got under way Tuesday.

OPEC considers oil output, Iran-Saudi rivalry

VIENNA (AP) — Tough decisions await OPEC oil ministers sitting down this week for a policy meeting. The 12-nation cartel has to deal not only with how much crude to produce for the next few months but must also fill a senior position coveted both by Saudi Arabia and archrival Iran.

US trade deficit grows to $42.2 billion in October

WASHINGTON (AP) — The U.S. trade deficit increased in October because exports fell by a larger margin than imports, a sign that slower global growth could weigh on the U.S. economy.

Delta buys 49 percent stake in Virgin Atlantic

Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it seeks a bigger share of the lucrative New York-to-London travel market.

Right-to-work debate heats up ahead of Michigan vote

LANSING, Mich. (AP) — Even with the outcome considered a foregone conclusion, the heated battle over right-to-work legislation in the traditional union bastion of Michigan shows no sign of cooling.

HSBC to pay $1.9B to settle money-laundering case

NEW YORK (AP) — British bank HSBC has agreed to pay $1.9 billion to settle a New York based-probe in connection with the laundering of money from narcotics traffickers in Mexico, U.S. authorities announced Tuesday.

Treasury sells remaining shares of AIG

WASHINGTON (AP) — The Treasury Department said Tuesday that it has sold all of its remaining shares of American International Group Inc., moving to wrap up the government's biggest bailout of the 2008 financial crisis.

Fed is expected to launch new bond buying program

WASHINGTON (AP) — With a nervous eye on the "fiscal cliff," the Federal Reserve is expected this week to announce a new bond-buying plan to support the U.S. economy.

NATIONAL POLITICS

Boehner: Obama slow-walking cliff talks

WASHINGTON (AP) — House Speaker John Boehner says President Barack Obama is slow-walking talks to avoid the fiscal cliff, and hasn't outlined spending cuts he's willing to support as part of a compromise.

Democrats: Don't cut Medicaid in fiscal cliff deal

WASHINGTON (AP) — Liberal Democratic members of Congress are warning President Barack Obama to not cut the Medicaid health care program as part of negotiations with Republicans over avoiding the so-called fiscal cliff.

No one retreating; cliff talks seem at standstill

WASHINGTON (AP) — A year-end deadline approaching, quiet negotiations to avoid an economy-rattling "fiscal cliff" yielded no tangible signs of progress on Monday as Republicans pressed President Barack Obama to volunteer spending cuts he will support while the White House insisted the GOP endorse higher tax rates on upper incomes.

Voter disdain spreads as 'fiscal cliff' looms

HOOKSET, N.H. (AP) — Fear and frustration course through the lunch crowd at Robie's Country Store and Deli, a popular outpost 500 miles from where Washington is again locked in tense negotiations over taxes and spending as a critical deadline looms.


MONDAY, DECEMBER 10
NASHVILLE AREA

Museum will take reservations for famous document

NASHVILLE (AP) — Visitors wanting to see the original Emancipation Proclamation at the Tennessee State Museum in February will be able to make reservations for a small fee beginning on Monday.

STATEWIDE

Haslam says no to state health insurance exchange

NASHVILLE (AP) — Gov. Bill Haslam announced Monday that Tennessee will not create a state-run health insurance exchange, but the Republican governor said he remains undecided about whether to expand Medicaid.

November revenue collections higher than last year

NASHVILLE (AP) - Tennessee Finance Commissioner Mark Emkes says the state's overall revenue collections for November are slightly more than they were this time last year.

TVA board votes to delegate authority to CEO

NASHVILLE (AP) - The Tennessee Valley Authority's board voted Monday to delegate certain authority to the utility's new chief executive in case five of its vacancies aren't filled before Congress adjourns this month.

UT to hold boot camps for farmers market vendors

SPRING HILL (AP) — The University of Tennessee Institute of Agriculture is holding boot camps to help people who sell farm products at farmers markets be more effective.

AUTO INDUSTRY

GM's Opel to end car production at German plant

BERLIN (AP) — General Motors Co.'s Opel unit said Monday that it plans to end car production at one plant in Germany in 2016, but a slimmed-down factory may continue to make components.

NATIONAL BUSINESS

Stocks edge higher; Dow boosted by McDonald's

NEW YORK (AP) — Stocks edged higher Monday on Wall Street after a strong sales report from McDonald's offset concerns about the surprise resignation of Italy's prime minister. Investors also waited for developments in crucial U.S. budget talks.

Oil ends lower on economy concerns

NEW YORK (AP) — Benchmark U.S. crude gave up some early gains Monday on a surprise expansion of German exports and signs of increased oil consumption in China to finish lower. Concerns about the so-called fiscal cliff in the U.S. continued to dog traders and investors.

Report: Managers at Fannie, Freddie earned $200K

WASHINGTON (AP) — A government report finds median pay for nearly 2,000 senior managers at Fannie Mae and Freddie Mac exceeded $200,000 last year. The report also notes that the federal agency charged with overseeing the government-controlled mortgage giants did an inadequate job monitoring pay.

Report: Kodak gets patent bid from Apple, Google

NEW YORK (AP) — Apple and Google, bitter rivals in smartphone technology, have joined up to make a combined bid for a bundle of patents offered by photography pioneer Kodak, according to a published report.

NBC Sports partners with Yahoo for content deal

NEW YORK (AP) — NBC Sports and Yahoo are taking on the crowded sports media landscape with a partnership that fills in gaps for both companies.

NATIONAL POLITICS

Stock market is a wild card in fiscal cliff talks

WASHINGTON (AP) — Congress and the White House can significantly soften the initial impact of the "fiscal cliff" even if they fail to reach a compromise by Dec. 31. One thing they cannot control, however, is the financial markets' reaction, which possibly could be a panicky sell-off that triggers economic reversals worldwide.

Obama, Boehner discuss 'fiscal cliff' stalemate

WASHINGTON (AP) — President Barack Obama and House Speaker John Boehner met at the White House to discuss the "fiscal cliff," while rank-and-file Republicans stepped forward with what they called pragmatic ideas to break the stalemate.


FRIDAY, DECEMBER 7
STATEWIDE

Haslam to focus on reducing domestic violence rate

NASHVILLE (AP) — Gov. Bill Haslam says that while the crime rate is showing an overall decline in Tennessee, instances of aggravated assault, prescription drug abuse and domestic violence remain a major concern for his administration.

Health warning on new round of fungal infections

NASHVILLE (AP) — Tennessee health officials are once again alerting patients who received tainted steroid shots after finding that some have infections at the injection site that could lead to fungal meningitis.

NASHVILLE AREA

Tennessee Capitol renovations get finishing touches

NASHVILLE (AP) - Workers are putting the finishing touches on a renovation of the state Capitol as they prepare to re-open the 153-year-old building later this month.

MIDSTATE

DesJarlais has less than $16K after bitter race

NASHVILLE (AP) - While Republican U.S. Rep. Scott DesJarlais may have persevered through a series of damaging revelations to win a second term in Congress, he all but exhausted his campaign account.

AUTO INDUSTRY

Black boxes in cars raise privacy concerns

WASHINGTON (AP) — Many motorists don't know it, but it's likely that every time they get behind the wheel, there's a snitch along for the ride.

Ford recalls Fusion to fix faulty headlights

DETROIT (AP) — Ford is recalling about 19,000 brand-new Fusion midsize cars to fix defective headlights.

NATIONAL BUSINESS

US economy adds 146K jobs; unemployment falls to lowest rate since 2008

WASHINGTON (AP) — U.S. hiring gains held steady in November despite disruptions from Superstorm Sandy and employers' concerns about impending tax increases from the year-end "fiscal cliff."

Stocks move higher as US jobs picture improves

NEW YORK (AP) — Stocks are closing mostly higher on Wall Street after the government reported job growth that was better than economists had anticipated.

Oil prices fall slightly after US jobs report

The price of oil ended the week lower after the latest U.S. jobs report offered a mixed picture of the economy.

To the moon? Firm hopes to sell $1.5 billion trips

WASHINGTON (AP) — A team of former NASA executives is launching a private venture to send people to the moon for a price that is definitely out of this world.

Russian trade, human rights bill heads to Obama

WASHINGTON (AP) — A Russian trade and human rights bill cleared Congress and headed for President Barack Obama's signature Thursday, opening up new export opportunities for American businesses but antagonizing relations with Russia over its treatment of dissidents.

Apple to produce line of Macs in the US next year

NEW YORK (AP) — Apple CEO Tim Cook says the company will produce one of its existing lines of Mac computers in the United States next year.

NATIONAL POLITICS

Cliff negotiations: Higher rates or fewer tax breaks _ what's worse?

WASHINGTON (AP) — In the fiscal cliff wars, a pivotal battle is raging between Democrats demanding to raise revenue by boosting tax rates on the nation's highest earners and Republicans insisting on eliminating deductions and other tax breaks instead. Which is better for the economy? Analysts say it depends.

Debt limit gives GOP leverage, Obama demands fix

WASHINGTON (AP) — The political fight that took the nation to the verge of defaulting on its debts last year is back, overshadowed by "fiscal cliff" disputes but with consequences far graver than looming tax hikes and steep spending cuts.

Obama seeks to put personal touch on cliff talks

FALLS CHURCH, Va. (AP) — President Barack Obama, trying to put a personal touch on "fiscal cliff" negotiations, visited a northern Virginia family's basement apartment Thursday to press his hardline on tax rate increases for the wealthy.

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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