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VOL. 40 | NO. 20 | Friday, May 13, 2016

A life driven by his ‘disappeared’ brother

Metro Councilman reflects on escape from murderous Argentinian regime

Fabian Bedne is a devoted, tireless Metro Council member and advocate for both his district and for Nashville’s Latino population, largely because a military death squad threw his blindfolded brother, Dario, from an airplane as “punishment” for being a Jew or perhaps because of his political views.

R.C. Mathews builds on 75 years of success

It’s a good time to be a builder in Nashville and Middle Tennessee, so there are plenty of newcomers angling for a piece of the action.

SAM STOCKARD: VIEW FROM THE HILL

Haves, have-nots get varied levels of tax relief from legislators

Amid the rancor of bathroom and counseling bills, two major pieces of legislation slipped through the General Assembly this session with hardly a peep – elimination of the Hall tax and a partial revitalization of property tax relief for seniors and disabled veterans.

Local Weather
Currently
Nashville, TN
53.0°F
Overcast
Wind: Southeast at 6.9 mph
Humidity: 61%

EVENTS

Wild West Comedy Festival. The third annual Wild West Comedy Festival features some of the funniest comedians in the world and unique special events. Through Sunday at various venues. Information: www.wildwestcomedyfestival.com/

more events »

DAVID CLIMER: OUT OF LEFT FIELD

A to C-: Only time will tell how well Titans drafted

Rome wasn’t built in a day, and it will take more than a three-day draft to rebuild the Tennessee Titans.

DAVE LINK: UT SPORTS

Not drafted? No problem. Many Vols beat the odds

Tennessee football fans probably remember Tyler Bray throwing for 34 touchdowns and more than 3,500 yards in 2013. Or, they might remember tales of Bray throwing golf balls and beer bottles off the balcony of an apartment building near the UT campus the previous year.

RICHARD COURTNEY: REALTY CHECK

Upon closer inspection, you’re driving us insane

Everyone who has dipped a toe into the Nashville residential real estate waters knows the pool is shallow and the springs are running hot.

REAL ESTATE

Middle Tennessee real estate trends for April 2016

April 2016 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Average 30-year loan rate falls to 3.57 percent, 3-year low

WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week for a third straight week, posting new lows for the year. The benchmark 30-year rate reached a three-year low.

NEWSMAKERS

TAMA hires Frye as executive director

The Tennessee Automotive Manufacturers Association is announcing former Nissan and Hyundai executive Ashley Frye as its first-ever executive director.

BEHIND THE WHEEL

2017 Audi A4 brings more power, room, technology

The Audi A4 luxury sedan has been revamped from top to bottom for 2017 with a more powerful engine, new transmission and more room and technology inside.

GUERRILLA MARKETING

Trust creates undeniable sales advantage, savings

I find myself inspired today by a book, recommended by a colleague, called The Speed of Trust by Stephen M.R. Covey. You are probably familiar with Covey’s father, who wrote The 7 Habits of Highly Effective People.

CAREER CORNER

More to getting raise than intelligence, long hours

One of the most common messages I received as a child was, “work hard and you will be rewarded.”

BUSINESS BOOK REVIEW

Postal Service history delivers a good read

You’ve got mail! Always nice to hear that coming from your computer, but these days it’s doubly-nice when it comes from a metal box. Greeting cards, checks, bills, even those offers-you-can’t-refuse, it all comes right to your door. And in the new book “Neither Snow nor Rain” by Devin Leonard, you’ll never take it for granted.

I SWEAR

Know you rights when confronting egg-sucking dogs

Several years ago – and I do mean several – my good friend Fred Harrison tipped me off to a pair of cases from the Mississippi Supreme Court.

KAY'S COOKING CORNER

Learning to cook a favorite dish discovered in Poland

I recently purchased a new cookbook, even though I have many from earlier years that I hardly ever use.

STATEWIDE

Alexander urges rejection of Cumberland county wind farm

NASHVILLE (AP) - Republican U.S. Sen. Lamar Alexander is urging people to oppose what he calls an "unsightly" wind farm proposed for the Cumberland Plateau.

AUTO INDUSTRY

Tesla selling $1.4B in shares to pay for Model 3

PALO ALTO, Calif. (AP) — Electric car maker Tesla Motors is selling around $1.4 billion worth of stock to help bring its lower-cost Model 3 to market.

GM expands car-sharing to Boston, Chicago, Washington

DETROIT (AP) — General Motors is expanding its Maven car-sharing service to Boston, Chicago and Washington, D.C.

TECHNOLOGY

Opportunities and hurdles with Google's Daydream VR vision

NEW YORK (AP) — Upcoming virtual-reality headsets based on Google's new Daydream VR system won't be as sophisticated as Facebook's Oculus Rift.

NATIONAL/INTERNATIONAL BUSINESS

Fewer people sought US jobless benefits last week

WASHINGTON (AP) — The number of people seeking U.S. jobless aid fell sharply last week, partially reversing two weeks of big gains that had raised concerns about rising layoffs.

Stocks fall after Fed signals June rate hike possible

NEW YORK (AP) — Stocks are dropping in early trading Thursday as telephone and industrial companies continue to drag major indexes lower. Some high-dividend stocks fell for a second day as investors braced themselves for the likelihood of an interest rate increase in June at the Federal Reserve's next policy meeting. Verizon fell 2 percent and AT&T lost 1.5 percent.

The great road trip returns this summer thanks to cheap gas

NEW YORK (AP) — Grab your sunglasses, a giant cup of coffee and prepare to hit the highway: 2016 is shaping up to be the summer of the road trip.

Golfer Phil Mickelson named in insider trading complaint

NEW YORK (AP) — The Securities And Exchange Commission is filing a complaint against professional golfer Phil Mickelson related to insider trading.

Poll: Two-thirds of US would struggle to cover $1,000 crisis

NEW YORK (AP) — Two-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency, according to an exclusive poll released Thursday, a signal that despite years of recovery from the Great Recession, Americans' financial conditions remain precarious as ever.

ECB: Stimulus working, grounds for optimism about economy

FRANKFURT, Germany (AP) — European Central Bank officials saw "grounds for cautious optimism about the economy" at their last meeting as the bank's stimulus measures take hold across the 19 countries that use the euro as their currency.


WEDNESDAY, MAY 18
STATE LEGISLATURE

Haslam questions need for special session on bathroom rules

NASHVILLE (AP) - Gov. Bill Haslam is questioning the need for a special legislative session that some fellow Republican lawmakers want to have called over a directive issued by President Barack Obama's administration that public schools must allow students to use facilities consistent with their gender identity.

NASHVILLE AREA

Adkins named chairman of international hotel association

NASHVILLE (AP) — The president of the Tennessee Hospitality and Tourism Association has been selected as the chairman of the International Society of Hotel Association Executives.

International Parking Institute kicks off Nashville meeting

NASHVILLE (AP) — The International Parking Institute is holding its annual meeting in Nashville this week.

AUTO INDUSTRY

Study finds high rate of repossessions in auto title loans

NEW YORK (AP) — People who put their cars up as collateral for what are supposed to be short-term emergency loans are being hit with interest rates of 300 percent, a high rate of repossession and long repayment periods.

Mitsubishi Motors president to resign over mileage scandal

TOKYO (AP) — Mitsubishi Motors Corp. President Tetsuro Aikawa said Wednesday that he will step down to take responsibility for the mileage cheating scandal unfolding at the Japanese automaker.

Suzuki apologizes for improper road tests, denies cheating

TOKYO (AP) — Japanese automaker Suzuki Motor Corp. apologized Wednesday for improper road tests, but denied reports that it illegally falsified mileage numbers.

TECHNOLOGY

Apple to open app development center in India in early 2017

NEW DELHI (AP) — Apple will set up an app design and development center in southern India, the company announced Wednesday, shortly after its CEO, Tim Cook, arrived in the country on his first visit.

New Google products, services take aim at its biggest rivals

MOUNTAIN VIEW, Calif. (AP) — From virtual reality to a new smart-home speaker, Google is showing off just how pervasive it has become even as it's squeezed by its biggest competitors — Facebook, Apple and Amazon.

NATIONAL/INTERNATIONAL BUSINESS

Stocks end mostly unchanged after key Fed minutes released

NEW YORK (AP) — New signs that interest rates may be heading higher sent stocks flitting between gains and losses Wednesday, but the major indexes ended up closing pretty much where they started.

Fed's surprise message: June hike likely if economy improves

WASHINGTON (AP) — Catching many investors off guard, the Federal Reserve made clear Wednesday that an interest rate hike in June is likely if the economy keeps improving.

Poll: Americans more upbeat about own finances than economy

WASHINGTON (AP) — Americans are of two minds about the economy in the midst of an election race that largely hinges on the issue. They are strikingly pessimistic about the national economy yet comparatively upbeat about their own financial circumstances.

More work, more pay? New rule extends overtime to millions

COLUMBUS, Ohio (AP) — More than 4 million U.S. workers will become newly eligible for overtime pay under rules issued Wednesday by the Obama administration.


TUESDAY, MAY 17
STATEWIDE

Haslam names Ohio emergency administrator to head TEMA

NASHVILLE (AP) - Gov. Bill Haslam has named Ohio emergency operations administrator Patrick Sheehan as the new director of Tennessee's disaster response agency.

Tennessee hires firm to score TNReady tests after mishaps

NASHVILLE (AP) - Tennessee has entered a contract with Pearson Education to have it score the TNReady assessments this year after the previous vendor was fired this spring.

NASHVILLE AREA

Nashville Airport using quarry reservoir to cool terminal

NASHVILLE (AP) - The Nashville International Airport has begun using an abandoned quarry to halve its cooling costs by taking advantage of the reservoir's year-round 50-degree temperature.

MUSIC INDUSTRY

Guy Clark, Grammy-winning musician, dead at 74

NASHVILLE (AP) - Texas singer-songwriter Guy Clark, who helped mentor a generation of songwriters and wrote hits like "L.A. Freeway" and "Desperados Waiting for a Train," has died. He was 74.

TECHNOLOGY

Time to ditch Twitter's 140 character limit?

NEW YORK (AP) — Many Twitter users — and more importantly, the billions more who don't use Twitter — feel constrained by the company's somewhat archaic 140-

REAL ESTATE

US builders increase home construction in April

WASHINGTON (AP) — Builders ramped up construction of new homes in April, suggesting that the market remains solid despite sluggish economic growth at the beginning of the year.

AUTO INDUSTRY

Startup wants to put self-driving big rigs on US highways

SAN FRANCISCO (AP) — Picture an 18-wheel truck barreling down the highway with 80,000 pounds of cargo and no one but a robot at the wheel.

NATIONAL/INTERNATIONAL BUSINESS

Stocks sink, erasing a day-earlier rally

NEW YORK (AP) — Stocks closed lower on Wall Street, undoing a rally from the day before.

US industrial production jumps by most since November 2014

WASHINGTON (AP) — The Federal Reserve says U.S. industrial production in April posted the biggest increase since November 2014 as utility output surged.

US consumer prices post 0.4 percent April increase

WASHINGTON (AP) — U.S. consumer prices jumped in April by the largest amount in more than three years, reflecting a surge in the price of gasoline and other energy products. But outside of volatile food and energy, core inflation posted another modest gain.

Again, Home Depot rises above the retail fray

ATLANTA (AP) — Home Depot topped expectations for the first quarter thanks in part to mild weather and the company, riding a strong rebound in housing, lifted its outlook for the year.

New $60 million project to fight for 1st Amendment

NEW YORK (AP) — The First Amendment is getting a new champion, with some deep pockets.


MONDAY, MAY 16
STATEWIDE

Haslam critizes Obama on transgender restroom directive

NASHVILLE (AP) - Republican Gov. Bill Haslam, who opposed a transgender bathroom bill in the Tennessee Legislature, is speaking out against a directive by President Barack Obama's administration that public schools must allow students to use facilities consistent with their gender identity.

NASHVILLE AREA

Proposal: Music Row should be 'cultural industry district'

NASHVILLE (AP) - Nashville's Music Row should be designated a "cultural industry district," giving local property owners more options to protect the area's heritage, the National Trust for Historic Preservation and the local Music Industry Coalition say.

COURTS

New rules in place for Tennessee attorneys working as in-house counsel

NASHVILLE (AP) — Any attorney who is working as in-house counsel in Tennessee for a corporation doing business here and does not have a Tennessee law license faces a July 1 deadline to register with the Board of Law Examiners.

Justices give narrow win to Internet site in false data case

WASHINGTON (AP) — The Supreme Court says an Internet search site that posted false information about people can be sued only if the errors caused actual harm.

High court sides with Ohio in debt collection dispute

WASHINGTON (AP) — A unanimous Supreme Court says a pair of Ohio law firms did not use illegal tactics when they sent out debt-collection letters on stationery bearing the name of the state's attorney general.

Justices won't touch $236M verdict in Exxon Mobil pollution

WASHINGTON (AP) — The Supreme Court will not hear Exxon Mobil's appeal of a $236 million judgment for its use of a gasoline additive that contaminated groundwater in New Hampshire.

Justices turn down Philip Morris appeal of $25M judgment

WASHINGTON (AP) — The Supreme Court has rejected Philip Morris USA's appeal of a $25 million punitive damages award to the family of a dead smoker in Oregon.

High court says investor lawsuit can remain in state court

WASHINGTON (AP) — The Supreme Court says a lawsuit alleging securities fraud under New Jersey law can remain in state court even though the same claims could have been brought under federal law.

REAL ESTATE

US homebuilder sentiment holds steady in May

U.S. homebuilders' confidence held steady in May for the fourth month in a row, reflecting an overall optimistic outlook for the new-home market even as the pace of sales has slowed recently.

AUTO INDUSTRY

South Korea to fine Nissan for allegedly bogus emission data

SEOUL, South Korea (AP) — South Korea's Environment Ministry said Monday that it will fine Nissan's South Korean operation for manipulating emissions tests on its sports utility vehicle models, an allegation Nissan is denying.

What effect will robot cars have on traffic congestion?

WASHINGTON (AP) — Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much.

Norway's oil fund to sue Volkswagen over emissions scandal

STOCKHOLM (AP) — Norway's $850 billion national oil fund plans to sue Volkswagen over the company's emissions-cheating scandal.

HEALTH CARE

In surprising turnabout, Oklahoma eyes Medicaid expansion

OKLAHOMA CITY (AP) — Despite bitter resistance in Oklahoma for years to President Barack Obama's health care overhaul, Republican leaders in this conservative state are now confronting something that alarms them even more: a huge $1.3 billion hole in the budget that threatens to do widespread damage to the state's health care system.

NATIONAL/INTERNATIONAL BUSINESS

US stocks climb in broad rally as crude oil rises

NEW YORK (AP) — A jump in oil prices and some deal news helped send stocks up broadly Monday, breaking a three-day losing streak.

Warren Buffett's company buys 9.8 million Apple shares

OMAHA, Neb. (AP) — Investors might question Warren Buffett's long-standing aversion to tech stocks after his Berkshire Hathaway bought 9.8 million shares of Apple.

Gannett raises offer for Tribune Publishing by 22 percent

NEW YORK (AP) — USA Today owner Gannett has boosted its takeover bid for Tribune Publishing Co. by about 22 percent one week after the owner of the Los Angeles Times, Chicago Tribune and other newspapers adopted a "poison pill" plan to thwart the unsolicited offer.

US reveals how much Treasury debt Saudi Arabia owns

WASHINGTON (AP) — Foreign holdings of U.S. Treasury securities rose in March, with the Treasury Department revealing for the first time in four decades how much Saudi Arabia owns.


FRIDAY, MAY 13
STATEWIDE

Haslam says US politics were point of concern on Asia trip

NASHVILLE (AP) - Republican Gov. Bill Haslam said Friday that the U.S. presidential race is weighing heavily on the minds of executives that he met with on a recently concluded trade mission to Asia.

STATE LEGISLATURE

Ramsey, key figure in Tennessee GOP boom, takes victory lap

NASHVILLE (AP) - Senate Speaker Ron Ramsey, a driving force in the Republican boom in Tennessee, is taking a final victory lap before retiring from politics.

Speakers of Tennessee House and Senate expect no more vetoes

NASHVILLE (AP) — The speakers of the Tennessee House and Senate say they don't expect any more vetoes from fellow Republican Gov. Bill Haslam.

COURTS

Franklin Man convicted of wire fraud stemming from 2012 election

NASHVILLE (AP) - A Franklin man has been convicted in an extortion and wire fraud scheme stemming from the 2012 presidential election and Republican Mitt Romney's tax returns.

AUTO INDUSTRY

GM stops sale of SUVS; mileage on window stickers was wrong

DETROIT (AP) — General Motors Co. is telling dealers not to sell about 60,000 SUVs in the U.S. because the gas mileage listed on the window stickers was inadvertently overstated.

Subaru tells some Legacy, Outback owners: Don't drive them

DETROIT (AP) — Subaru is telling owners of some newer Legacy and Outback vehicles not to drive them because the steering can fail.

Ghosn certain $2.2 billion deal for Mitsubishi is a bargain

YOKOHAMA, Japan (AP) — Nissan Chief Executive Carlos Ghosn is confident a 237 billion yen ($2.2 billion) investment in a controlling stake in scandal-embroiled Mitsubishi Motors will prove a bargain when sheer size is critical in the auto industry.

Nissan takes 34 pct stake in scandal-hit Mitsubishi Motors

TOKYO (AP) — Nissan Motor Co. is investing 237 billion yen ($2.2 billion) to take a 34 percent stake in scandal-ridden Mitsubishi Motors Corp. in what Nissan Chief Carlos Ghosn said is "a win-win" deal intended to repeat the success of his Nissan-Renault alliance.

NATIONAL/INTERNATIONAL BUSINESS

US stocks mostly slide as retail suffering continues

NEW YORK (AP) — A late slump Friday pulled U.S. stocks to their third straight weekly loss. Companies that make clothing, food and household goods dropped on more bad news from retailers, and energy companies fell with the price of oil.

As online shopping intensifies, outlook dims for mall stores

WASHINGTON (AP) — Online shopping is reaching such a critical mass with American households that many of the icons of the traditional mall —from Macy's to The Gap and J.C. Penney — face an increasingly uncertain future.

US retail sales show solid gain despite woes at store chains

WASHINGTON (AP) — Americans stepped up their online shopping and bought more autos in April, suggesting that consumers may be faring better than indicated by a slump among major retailers.

US producer prices rise in April for first time in 3 months

WASHINGTON (AP) — Prices charged by U.S. manufacturers, farmers and other producers rose for the first time since January, lifted by higher costs for gas, steel and medicines.

New cyberattack made on bank, financial supervisor warns

BRUSSELS (AP) — A new cyberattack has been made against an unnamed bank, part of a coordinated campaign that follows February's theft of $101 million from the Bangladesh central bank, the international money transfer supervisor Swift said Friday.

Apple invests $1 billion in Chinese ride-hailing company

BEIJING (AP) — Apple Inc. has invested $1 billion in Chinese ride-hailing service Didi Chuxing, the main competitor in China for Uber Technologies Ltd.

Middle class shrinks in 9 of 10 US cities as incomes fall

WASHINGTON (AP) — In cities across America, the middle class is hollowing out. A widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle, according to a report released Wednesday by the Pew Research Center.

Claims for jobless aid reach highest level since early 2015

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week to the highest level since February 2015, more sobering news for the labor market after a disappointing April jobs report.

UK central bank warns of recession risk in case of EU exit

LONDON (AP) — The Bank of England warned Thursday that Britain could fall into recession should voters opt in a June referendum to leave the European Union — a stark assessment from an institution known for being independent of political campaigns.

NATIONAL POLITICS

US proposes to cut methane from oil, gas by nearly half

WASHINGTON (AP) — The Obama administration issued a final rule Thursday to cut methane emissions from U.S. oil and gas production by nearly half over the next decade as part of an ongoing push by President Barack Obama to curb climate change.