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VOL. 39 | NO. 19 | Friday, May 8, 2015

Want a great-paying job? Here’s the deal

Tech companies are ‘snatching up’ grads of local computer training programs

Want a new career with nearly unlimited upside potential? One that will have employers beating down your door?

TCAT’s 27 campuses offer ‘a different life’

Ready for a new career? If you’re looking for a fresh start, Tennessee may be one of the best places in the world to find it.

VIEW FROM THE HILL

Cannabis oil bill could lead to more ‘evil weed’ wins

Logan and Stacie Mathes were on “pins and needles” as they waited for Gov. Bill Haslam to sign legislation into law allowing cannabis oil to be used to treat seizures and similar medical problems in Tennessee.

Local Weather
Currently
Nashville, TN
63.0°F
Partly Cloudy
Wind: West at 8.1 mph
Humidity: 50%

EVENTS

Real Estate Professionals for a Cause. The event will benefit Brides Against Breast Cancer Nationwide Tour of Gowns. Today, 6:30-9:30 p.m., Nelson Andrews Leadership Lodge, 3088 Smith Springs Road, Nashville. Tickets: $35 online, $45 at the door. Information: https://events.babcmobile.com/index.php?event=43, Events@Bridesabc.org

more events »

STREET LEVEL

Lipscomb-area jewelers dazzle both sides of Granny White

When the blonde left-fielder skidded across the outfield grass attempting in vain to catch a tricky hit, she likely didn’t know she was “visiting” – belly down – a well-fertilized, close-cropped living memorial to the man who spread love of Lipscomb from his jewelry store a couple hundred yards away.

REALTY CHECK

Do we have a deal? Yes, until we don’t

People are angry now. Angrier than ever. In the past, there may have been a slight skirmish or two, but now there are battles that often escalate into full-scale wars.

NEWSMAKERS

Entrepreneurs’ Organization announces new board

The Entrepreneurs’ Organization Nashville chapter has announced its 2015/2016 board of directors. Board members are:

BEHIND THE WHEEL

Navigator finds its way in big-SUV market

For a distinctive, luxury sport utility ride on a large scale, buyers need only to look to the 2015 Lincoln Navigator.

FAMILY TRAVEL

Strong dollar means European vacation savings

A trip to Europe isn’t a spur-of-the-moment happening. If you don’t have your week in Italy for June booked already, odds are it’s not on your radar.

CAREER CORNER

We’re all in sales, so use tools of the trade to find a job

Lately, I’ve heard the phrase, “we’re all in sales” a few too many times.

THE WORLDLY INVESTOR

Who’s to blame for lame Q1? Look to the Fed

The U.S. economy grew 0.2 percent in the first quarter, well below analyst consensus. The fairly typical excuses followed the release, from weather to port strikes, to the first quarter growth curse that has stifled Q1 numbers since the financial crisis.

I SWEAR

This week’s crossword clue: Read the column

“I want to throw my mercy on the court.” Twice from the bench I’ve heard a defendant say that.

NASHVILLE AREA

Xerox Adding 400 Jobs in Nashville

Xerox is hosting a recruiting open house Saturday to fill 400 new, full-time customer care jobs.

STATE LEGISLATURE

148 former lawmakers covered by state insurance plan

NASHVILLE (AP) - Tennessee records show that there are more former lawmakers enrolled in the health insurance plan for state employees than current lawmakers.

Panel approves $136M plan to move Tenn. legislative offices

NASHVILLE (AP) - The State Building Commission has approved the first step toward making a building next to the state Capitol the new home of the Tennessee General Assembly.

STATEWIDE

Customers claim fraud at Haslam-owned chain went deeper

NASHVILLE (AP) - After a 2013 FBI raid on the truck-stop chain owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam, Pilot Flying J moved quickly to settle fraud claims. But a handful of companies that refused to settle say they have uncovered a deception that other firms overlooked.

NATIONAL/INTERNATIONAL BUSINESS

US stock indexes move higher in midday trading

Encouraging news on the U.S. job market helped lift stock indexes in afternoon trading Thursday. Applications for unemployment aid fell last week, sending the four-week average down to its lowest level in 15 years. Technology stocks among the biggest gainers.

US producer prices fall in April; food, energy costs drop

WASHINGTON (AP) — A sharp drop in the cost of gasoline and food pushed down overall U.S. producer prices in April.

Global stocks listless after lackluster US retail sales data

LONDON (AP) — Global stocks drifted Thursday after weak retail sales figures suggested the U.S. economy is struggling to maintain growth momentum and as bond markets remained volatile. In Europe, trading levels were low as many traders were on holiday even though it isn't a holiday in the markets.

Contested Utah law could impact contact lens industry

SALT LAKE CITY (AP) — A law banning price-fixing for contact lenses that took effect this week in Utah is a setback for the nation's largest manufacturers that could have ripple effects across the country amid an increasingly bitter fight with discount retailers.


WEDNESDAY, MAY 13
STATEWIDE

Haslam point man Mark Cate leaving administration

NASHVILLE (AP) - Mark Cate is leaving Republican Gov. Bill Haslam's administration after serving as Haslam's campaign manager in 2010 and as the governor's chief of staff after he took office.

Vanderbilt poll: Majority support Insure Tennessee plan

NASHVILLE (AP) - An overwhelming majority of Tennesseans support Republican Gov. Bill Haslam's failed proposal to extend health coverage to 280,000 low-income residents, according to a new Vanderbilt University poll released Wednesday.

New coalition will push lawmakers to fund Tennessee roads

NASHVILLE (AP) - Raising taxes is never popular, but a new coalition says the lack of funding for Tennessee's roads and bridges has reached a crisis point requiring action.

Price of cigarettes going up in Tennessee under new markup law

NASHVILLE (AP) — The price of cigarettes is going up in Tennessee, but the proceeds won't be landing in state tax coffers.

NASHVILLE AREA

AT&T announces gigabit-speed service in Nashville

NASHVILLE (AP) - AT&T is the latest Internet service provider to announce it is bringing gigabit speeds to Nashville customers.

HEALTH CARE

Pelosi predicts GOP ruin on health care case

WASHINGTON (AP) — House Democratic Leader Nancy Pelosi says Republicans will "rue the day" if the Supreme Court buys their arguments and invalidates tax subsidies for millions of people under President Barack Obama's health care law.

AUTO INDUSTRY

Outgoing CEO of BMW warns that China is 'losing momentum'

FRANKFURT, Germany (AP) — The departing CEO of automaker BMW has cautioned that China's economy is "losing momentum."

NATIONAL/INTERNATIONAL BUSINESS

US retail sales flat-line in April

WASHINGTON (AP) — U.S. shoppers kept their spending in check in April, as modest wage growth over the past year keeps family budgets tight.

US stock indexes end mostly lower after a listless day

Weak U.S. retail sales data helped set the stage Wednesday for a listless day of trading on Wall Street.

Macy's misses Street 1Q forecasts

CINCINNATI (AP) — Macy's Inc. (M) on Wednesday reported fiscal first-quarter net income of $193 million.

NATIONAL POLITICS

Senate agrees to open debate on Obama's trade agenda

WASHINGTON (AP) — Senators reached a deal Wednesday to move forward on President Barack Obama's trade agenda only one day after Democrats embarrassed him by blocking it.

Trade illustrates divide between Obama, Democrats

WASHINGTON (AP) — Senators of both parties worked Wednesday to revive trade legislation that's a top priority for President Barack Obama, a day after Obama's fellow Democrats repudiated him nearly unanimously on the issue.


TUESDAY, MAY 12
STATE LEGISLATURE

New special education funding law comes with few safeguards

NASHVILLE (AP) - A bill passed by Tennessee lawmakers could give parents of severely disabled children more than $6,000 a year to spend on education and therapies that they choose, though critics say the measure hands the money to parents with few safeguards.

STATEWIDE

Magazine drops Tennessee ranking over VW political interference

NASHVILLE (AP) - Tennessee has a dropped a spot in Chief Executive magazine's annual rating of the best and worst states for business over political interference on labor issues at the Volkswagen plant in Chattanooga.

More college classes offered to high schools at little cost

MURFREESBORO (AP) - Middle Tennessee State University is planning to expand its dual-enrollment program to offer more college-level classes to high school students.

REAL ESTATE

First-time buyers face hurdles to homeownership this spring

Young people aspiring to buy their first home are already facing disappointment this year.

AUTO INDUSTRY

Only 3 of 7 midsize SUVs perform well in crash tests

DETROIT (AP) — Only three of seven midsize SUVs from the 2015 model year performed well in front-end crash tests done by an insurance industry group.

NATIONAL/INTERNATIONAL BUSINESS

Gas prices still look low for summer even after spring surge

NEW YORK (AP) — Drivers who have seen a steady rise in the price of gasoline can relax: They will almost certainly be paying far less for gas this summer than they have in at least six years.

US job openings fall, hiring rises in mixed report

WASHINGTON (AP) — The number of available jobs in the U.S. fell in March, though companies filled more of their open positions in a sign they are still confident enough to hire.

US stocks edge lower amid bond market volatility

A spike in long-term interest rates rattled investors Tuesday, nudging major U.S. stock indexes lower for the second day in a row.

Verizon barges into online video, buying AOL for $4.4B

NEW YORK (AP) — Verizon is buying AOL for about $4.4 billion, advancing the telecom's push in both mobile and advertising fields.

Picasso painting sells for $179M; Giacometti sculpture $141M

NEW YORK (AP) — A vibrant, multi-hued painting from Pablo Picasso set a world record for artwork at auction, selling for $179.4 million on Monday, and a sculpture by Alberto Giacometti set a record for most expensive sculpture, at $141.3 million.

Shell clears major US government hurdle for Arctic drilling

ANCHORAGE, Alaska (AP) — Royal Dutch Shell's Arctic drilling program has cleared a major bureaucratic hurdle to begin drilling for oil and gas off Alaska's northwestern coast this summer.

NATIONAL POLITICS

Senate GOP readies revamp of Dodd-Frank rules

WASHINGTON (AP) — The top Republican on the Senate Banking Committee unveiled legislation Tuesday that would ease regulatory requirements on mid-size banks and give lenders the option for greater freedom from mortgage lending rules.

Senate Democrats block action on Obama's trade agenda

WASHINGTON (AP) — Senate Democrats dealt President Barack Obama a stinging setback on trade Tuesday, blocking efforts to begin a full-blown debate on a top priority of his second term.

Senate GOP leader McConnell: Let's move ahead on trade bill

WASHINGTON (AP) — The Senate's top Republican on Tuesday pleaded with lawmakers to move ahead on a trade bill that has the strong backing of President Barack Obama but faces fierce opposition from several rebellious Democrats.

Senate vote on trade looms big, but won't settle the debate

WASHINGTON (AP) — A much-anticipated Senate vote on trade will pack some suspense Tuesday, but it won't be the final word, no matter how it turns out.


MONDAY, MAY 11
STATEWIDE

Extra class may be free again for state's college students

NASHVILLE (AP) - The Tennessee Board of Regents is taking a look at how students are charged for classes.

AUTO INDUSTRY

Volvo chooses South Carolina for new $500 million auto plant

COLUMBIA, S.C. (AP) — Volvo Cars will build a $500 million plant in South Carolina that will eventually employ up to 4,000 people, the company announced Monday.

Self-driving cars getting dinged in California

LOS ANGELES (AP) — Four of the nearly 50 self-driving cars now rolling around California have gotten into accidents since September, when the state began issuing permits for companies to test them on public roads.

Things to know about accidents involving self-driving cars

LOS ANGELES (AP) — A small fleet of cars that maneuver through traffic using an array of sensors and computing power is driving on California roads and highways.

HEALTH CARE

Feds close insurance loopholes on preventive care

WASHINGTON (AP) — From contraception to colonoscopies, the Obama administration Monday closed a series of insurance loopholes on coverage of preventive care.

REAL ESTATE

Why homebuyers face a tough spring

Eager to buy your first home this spring? Already own, but want to trade up? Be warned: there'll be plenty of competition.

NATIONAL/INTERNATIONAL BUSINESS

US stock indexes edge lower; crude oil price slips

NEW YORK (AP) — U.S. stock indexes are closing moderately lower as the market comes off its best day in two months.

San Francisco commuters snub public transit for $6 bus ride

SAN FRANCISCO (AP) — The compact city that inspired ride-hailing companies Uber and Lyft is offering a new way to get to work: fancy $6 big-bus rides with spacious seating, free Wi-Fi and attendants who deliver snacks.

NATIONAL POLITICS

5 things to know about trade as Senate debate begins

WASHINGTON (AP) — President Barack Obama's bid for new trade agreements faces big tests in Congress this week, mostly from his fellow Democrats.


FRIDAY, MAY 8
STATE LEGISLATURE

Haslam signs new licensing rules for abortion clinics

NASHVILLE (AP) - Republican Gov. Bill Haslam has signed a bill into law placing licensing restrictions on abortion clinics.

State releases details of Tenn. lawmaker health benefit cost

NASHVILLE (AP) - A state agency has released detailed information about the nearly $6 million in taxpayer-subsidized health insurance benefits provided to Tennessee lawmakers.

Tennessee puts brakes on release of lawmaker health benefit cost

NASHVILLE (AP) - State officials on Thursday put the brakes on releasing information to The Tennessean newspaper about nearly $6 million in taxpayer-subsidized health insurance benefits since 2008.

AUTO INDUSTRY

Toyota zooms to record $18B profit on sales growth, yen

TOKYO (AP) — Toyota zoomed to a record 2.17 trillion yen ($18.1 billion) profit for the fiscal year through March, up 19 percent from the previous year, buoyed by sales growth in the U.S. and a perk from the cheap yen.

Porsche opens North American headquarters in metro Atlanta

ATLANTA (AP) — A German automaker has opened its North American headquarters in metro Atlanta.

UAW unveils works council proposal for Volkswagen plant

NASHVILLE (AP) - The United Auto Workers on Thursday unveiled a proposal for creating a German-style works council at Volkswagen plant in Tennessee that is predicated on the automaker recognizing the union as its exclusive bargaining partner.

NASHVILLE AREA

Comcast announces super-fast Internet in Tennessee, mum on cost

NASHVILLE (AP) - Comcast says it is bringing its super-fast Internet service to Nashville, but won't say how much it will cost to install or subscribe.

STATEWIDE

Tennessee Valley Authority to close coal plant 4 years early

HUNTSVILLE, Ala. (AP) — The Tennessee Valley Authority will retire a coal-burning power plant in Stevenson about four years ahead of schedule to avoid having to comply with new coal ash regulations.

TECHNOLOGY

For marketers, esports an enticing way to reach millennials

RANCHO PALOS VERDES, Calif. (AP) — The latest ally in competitive gaming's fight for mainstream awareness just might be marketers.

HEALTH CARE

FDA schedules meeting on twice-rejected female libido drug

WASHINGTON (AP) — The Food and Drug Administration will ask a group of outside medical experts next month to evaluate a much-debated experimental drug designed to boost sexual desire in women.

NATIONAL/INTERNATIONAL BUSINESS

US economy rebounding with solid if unspectacular job gains

WASHINGTON (AP) — Rebounding from a dismal start to the year, the U.S. economy added 223,000 jobs in April, a solid gain that suggested that employers are helping fuel a durable if still subpar recovery.

US stocks jump the most since March following hiring gains

NEW YORK (AP) — The U.S. stock market had its best day in two months Friday following encouraging news about the job market.

US consumer borrowing expanded $20.5 billion in March

WASHINGTON (AP) — Consumers increased their borrowing in March by the largest amount in nearly a year as borrowing on credit cards rebounded following two months of declines.

Listeria found in Blue Bell ice cream plant in 2013

WASHINGTON (AP) — Listeria bacteria was found in Blue Bell ice cream's Oklahoma plant as far back as March 2013. That's according to test results released Thursday by the government.

NATIONAL POLITICS

Obama pitches trade at Nike with jobs, labor rights at issue

BEAVERTON, Ore. (AP) — President Barack Obama argued forcefully Friday for a pending international trade agreement, saying the U.S. must write the rules for global commerce now, while it's in a position of economic strength, or lose out.

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