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VOL. 37 | NO. 19 | Friday, May 10, 2013

Welcome to MLK, Mrs. Obama

Please ignore the rats, radon, water damage, mold and crumbling walls

Shannon Elder was already aware of the older, run-down condition of some of Nashville’s magnet schools before her son, Gregory, started seventh grade at Martin Luther King Academic Magnet.

Temp’s life: Filling a void, finding a job

Any manager who has handled scheduling for a business knows that sinking feeling. Faced with vacations, maternity leave, special or interim projects, jury duty, long-term illness or an unexpected departure, the harried manager must find a way to get the job or jobs done, with a minimum of fuss for the rest of the office, including the boss.

From college friends to media conglomerate

Thayer, Wells build Seek First Productions, competitive film festival

The TV show “Nashville” has prompted its share of hometown entrepreneurial dreams, especially of Middle Tennessee developing into an international television and film production hub.

Tennessee named top choice for retirement

Retirees considering where to spend their golden years might want to consider Tennessee. That’s according to Bankrate.com, the personal finance website, which this week ranked Tennessee at the top of its list of the 10 best states for retirement.

Local Weather
Today
Nashville, TN
86°F
Partly Cloudy
Wind: 5 mph
Humidity: 35%

EVENTS

Chamber West Monthly Coffee. Learn more about Chamber West’s initiatives and find out how you can get involved in the continued success of this area. Hampton Inn & Suites-Green Hills, 2324 Crestmoor Rd., Nashville. Today, 8-9:15 a.m. Information: nashvillechamber.com, 743-3063.

more events »

REALTY CHECK

Habitat on pace to build 30 new homes in 2013

Habitat for Humanity of Greater Nashville is well known and greatly supported by the area, yet the scope of its work is often overlooked. The Nashville group has absorbed responsibilities for Dickson, Cheatham and Wilson counties to go along with Davidson County.

REAL ESTATE

Top Midstate Residential real estate transactions for April 2013

Top March 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

NEWSMAKERS

Waller expands, adds 16 attorneys in Nashville

Waller has announced the addition of 16 new attorneys to the following practice groups:

BUSINESS BOOK REVIEW

Giving back customers, your business ‘family’

Your customers have been good to you.

GUERRILLA MARKETING

Want engaged customers? Keep the focus on them

Good sales professionals are subject matter experts on the products and services they sell.

SMART STUFF 4 WORK

Would mentoring program help your business?

Many years ago when I began my career with a national CPA firm I was quickly bombarded with information related to numerous firm policies and procedures. I was told about everything including when to show up for work and which color pencil to use. I’m not kidding about the pencil choosing policy.

I SWEAR

From ‘coffice’ to ‘kidult,’ words that shoud be

With acknowledgments and apologies to Merriam-Webster.

KAY'S COOKING CORNER

Mangos become my new favorite fruit

Move over papayas, I’m on a mango kick. And, strangely, I didn’t even know I liked them until a few weeks ago. Crazy, huh? Well, they are now my new favorite fruit.

STATE LEGISLATURE

Governor signs school security bill

NASHVILLE (AP) - Gov. Bill Haslam has signed a bill that allows school districts to let people with police training be armed in schools.

Governor signs ignition interlock bill

NASHVILLE (AP) - Tennessee's ignition interlock law will apply to more drunken drivers under legislation signed by Gov. Bill Haslam.

REGION

Tennessee senator: Sale idea cost TVA $500 million

WASHINGTON (AP) — Sen. Lamar Alexander says President Barack Obama's plan to consider selling the Tennessee Valley Authority has already cost hundreds of millions of dollars — even if the nation's largest public utility is never sold.

TVA officials to toast 80th anniversary of utility

KNOXVILLE (AP) — The Tennessee Valley Authority will observe its 80th anniversary with a public event Friday in Knoxville.

NASHVILLE AREA

Memorial service held for fallen state troopers

NASHVILLE (AP) — The Tennessee Highway Patrol is honoring its fallen troopers this week.

AUTO INDUSTRY

Only 2 of 13 small SUVs do well in crash tests

DETROIT (AP) — Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group. Several popular models fared poorly.

NATIONAL BUSINESS

US housing starts fell in April but permits surged

WASHINGTON (AP) — U.S. builders broke ground on far fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But applications for new construction reached a five-year peak, evidence that the housing revival will be sustained.

US jobless claims jump to highest level in 6 weeks

WASHINGTON (AP) — The number of Americans seeking unemployment aid rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump comes after applications fell to a five-year low.

US consumer prices fall 0.4 pct. on cheaper gas

WASHINGTON (AP) — A sharp fall in the cost of gas drove a measure of U.S. consumer prices down last month by the most since December 2008. Outside the drop in fuel costs, prices were largely unchanged.

Stocks flip between gains and losses; Cisco climbs

NEW YORK (AP) — Cisco Systems led the Dow Jones industrial average slightly higher Thursday after the technology company reported higher sales. Mixed corporate earnings and economic reports kept the major stock indexes flipping between slight gains and losses.

Oil falls below $94 a barrel after supplies rise

BANGKOK (AP) — The price of oil fell below $94 a barrel Thursday after a survey showed crude inventories on the increase.

Airlines losses narrowed in 1Q to $552 million

NEW YORK (AP) — U.S. airlines charged more in fares and fees and reduced debt as they improved their financial performance in the first quarter.

US rate on 30-year mortgage rises to 3.51 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more home-buying and refinancing.

NATIONAL POLITICS

Senate panel backs Perez to head Labor Dept.

WASHINGTON (AP) — A Senate panel has endorsed the nomination of Justice Department official Thomas Perez to head the Labor Department despite opposition from Republicans.

INFLUENCE GAME: Tech, labor spar on immigration

WASHINGTON (AP) — To the U.S. technology industry, there's a dramatic shortfall in the number of Americans skilled in computer programming and engineering that is hampering business. To unions and some Democrats, it's more sinister: The push by Facebook's Mark Zuckerberg to expand the number of visas for high-tech foreign workers is an attempt to dilute a lucrative job market with cheap, indentured labor.


WEDNESDAY, MAY 15
COURTS

Court denies asylum to German home-schoolers

NASHVILLE (AP) - A federal appeals court has denied asylum to a Christian family that fled Germany so they could home-school their children, after ruling that U.S. immigration laws do not grant a safe haven to people everywhere who face restrictions that would be prohibited under the Constitution.

NASHVILLE AREA

Henry discusses decision not to seek re-election

NASHVILLE (AP) - Longtime Sen. Douglas Henry said Wednesday that his health and the high cost of campaigning were factors in his decision not to seek re-election next year, even though he believes he could win if he did run.

Drilling slurry spills into creek at Radnor Lake

NASHVILLE (AP) - A utility is cleaning up a drilling slurry spill at a state natural area where it is laying a gas pipeline in Nashville.

Domestic kitchen certification course offered

NASHVILLE (AP) — People who want to sell food products made in home kitchens can become certified on May 20.

NATIONAL BUSINESS

Stock indexes shake off early slide, close higher

NEW YORK (AP) — The stock market is closing higher after shaking off a morning slump.

Oil back above $94 a barrel after early loss

NEW YORK (AP) — The price of oil rose back above $94 Wednesday after dropping earlier on disappointing economic reports from Europe and the U.S.

US homebuilder confidence rises in May from April

Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years.

US factory output falls 0.4 percent in April

WASHINGTON (AP) — U.S. factories cut back sharply on production in April, as auto companies cranked out fewer cars and most other industries reduced output. The weakness suggests economic growth may be slowing this spring.

US wholesale prices fall 0.7 pct., most in 3 years

WASHINGTON (AP) — Sharp drops in fuel and food costs reduced a measure of U.S. wholesale prices in April by the most in three years. Outside those volatile categories, inflation stayed low.

Macy's 1Q profit rises 20 pct on solid sales

NEW YORK (AP) — Macy's Inc. is reporting a 20 percent increase in first-quarter profit as the department store chain saw solid sales despite cool temperatures that dampened shoppers' appetite for spring clothes.

Google boosts photo offerings to rival Facebook

SAN FRANCISCO (AP) — Google is digging deeper into its technology toolkit to turn its social networking service into a more formidable threat to Facebook, sprucing up its photo features at a time when sharing snapshots online and on mobile gadgets is growing more popular.

Russians attempt to topple Google in Vietnam

HANOI, Vietnam (AP) — Vietnam's booming Internet scene is littered with failed startups that tried to take on Google and other entrenched U.S web companies. That's not deterring a newly launched Russian-Vietnamese outfit which believes it can unseat the American search engine in this fast-growing Asian market and also contend with a jittery, authoritarian government seeking to clamp down on freedom of expression online.

NATIONAL POLITICS

Projected lower deficit could slow any budget deal

WASHINGTON (AP) — The good news is the budget deficit for the current year is projected to come in well below what was estimated just a few months ago. The bad news for deficit hawks is that the development could further curb the already slowing momentum for a budget pact this year.

House panel set to OK cut in food stamp program

WASHINGTON (AP) — A House committee rebuffed Democratic efforts Wednesday to keep the $80 billion-a-year food stamp program whole, as debate on the farm bill turned into a theological discourse on helping the poor.

Holder: Potential civil rights violations at IRS

WASHINGTON (AP) — Attorney General Eric Holder says the FBI's criminal investigation of the Internal Revenue Service could include potential civil rights violations, false statements and potential violations of the Hatch Act, which prohibits federal employees from engaging in some partisan political activities.


TUESDAY, MAY 14
AUTO INDUSTRY

Nissan chief welcomes yen fall for luxury brand

KAMINOKAWA-MACHI, Japan (AP) — Nissan Motor Co. President Carlos Ghosn welcomed the yen's recent decline to what he called "neutral" levels for the Japanese automaker's profitability, but said Tuesday it must drop further to be "normal."

Bill squeezing out Tesla passes NC Senate

RALEIGH, N.C. (AP) — A bill backed by auto dealers that effectively blocks California's Tesla from selling in North Carolina has passed the state Senate.

Feds probe 3 Chrysler models for engine stalling

DETROIT (AP) — U.S. auto safety regulators are investigating complaints that the engines in three Chrysler models can stall without warning.

HEALTH CARE

89 charged in Medicare fraud busts in 8 cities

WASHINGTON (AP) — Nearly 100 people, including 14 doctors and nurses, were charged for their roles in separate Medicare scams that collectively billed the taxpayer-funded program for roughly $223 million in bogus charges in a massive bust spanning eight cities, federal authorities said Tuesday.

NATIONAL BUSINESS

Stock market rises back into record territory

NEW YORK (AP) — The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses.

Oil slides as IEA sees US output rising

NEW YORK (AP) — The price of oil slid by nearly $1 a barrel Tuesday as the International Energy Agency raised its forecast for U.S. oil production while cutting its prediction for global crude demand.

Dell raises intrigue by rescheduling 1Q report

ROUND ROCK, Texas (AP) — Struggling personal computer maker Dell will report its latest quarterly earnings ahead of schedule in a move likely to spur speculation that the results will be dismal.

TV-over-Internet service hits Atlanta next month

NEW YORK (AP) — Aereo, the startup that offers live television broadcasts over the Internet starting at $8 a month, said it will start service in the Atlanta market on June 17, following an expansion to Boston on Wednesday.

Airlines collected record baggage fees in 2012

NEW YORK (AP) — U.S. airlines collected more than $6 billion in baggage and reservation change fees from passengers last year — the highest amount since the fees became common five years ago.

Gov't probe obtains wide swath of AP phone records

WASHINGTON (AP) — The Justice Department secretly obtained two months of telephone records of reporters and editors for The Associated Press in what the news cooperative's top executive called a "massive and unprecedented intrusion" into how news organizations gather the news.

Big 4 cellphone carriers unite on anti-texting ads

NEW YORK (AP) — The country's four biggest cellphone companies are set to launch their first joint advertising campaign against texting while driving, uniting behind AT&T's "It Can Wait" slogan to blanket TV and radio this summer.

RIM unveils cheaper BlackBerry

ORLANDO, Fla. (AP) — Research In Motion unveiled a lower-cost BlackBerry aimed at consumers in emerging markets on Tuesday, and said it will offer its once-popular BlackBerry Messenger service on iPhones and devices running Google's Android software.

NATIONAL POLITICS

Senate panel approves massive farm bill

WASHINGTON (AP) — The Senate Agriculture Committee on Tuesday approved a massive five-year farm bill that would cut spending while also creating new subsidies for farmers.

Top IRS official didn't reveal tea party targeting

WASHINGTON (AP) — Congress was not told tea party groups were being inappropriately targeted by the Internal Revenue Service, even after acting agency Chief Steven Miller had been briefed on the matter.

High-tech companies push for more in immigration bill

WASHINGTON (AP) — High-tech companies looking to bring more skilled workers to the U.S. pushed Monday for more concessions in an immigration bill pending in the Senate. Labor unions said the Silicon Valley had already gotten enough in the legislation and further changes risked chipping away at protections for U.S. workers.


MONDAY, MAY 13
NASHVILLE AREA

New date low records at Nashville, Jackson

NASHVILLE (AP) - You're correct. It was a mite chilly when you stepped outside.

STATE LEGISLATURE

Haslam vetoes bill aimed at animal abuse stings

NASHVILLE (AP) - Gov. Bill Haslam on Monday vetoed a bill that would require images that document animal abuse be turned over to law enforcement within 48 hours, saying his main concern is its constitutionality.

MUSIC INDUSTRY

Swift, Bryan, Hayes to perform at CMT Music Awards

NASHVILLE (AP) — Taylor Swift leads a list of country's hottest stars set to perform at the CMT Music Awards next month.

NATIONAL BUSINESS

LinkedIn looks to build on its impressive resume

MOUNTAIN VIEW, Calif. (AP) — LinkedIn and Facebook will celebrate the anniversaries of their IPOs just a few days apart this week. But their experiences as publicly traded companies couldn't be more different.

Indexes close higher, led by small-company stocks

NEW YORK (AP) — The stock market is back in record territory after an upturn in small-company stocks.

Oil falls to near $95 as dollar strengthens

The price of oil fell to near $95 a barrel on Monday, as the dollar continued to strengthen against the yen and other major currencies.

US retail sales rise in April on cars, clothing

WASHINGTON (AP) — Lower-priced gas allowed Americans to step up their spending at retailers in April, from cars and clothes to electronics and appliances. The rebound from a weak March suggests consumers remain resilient in the face of higher taxes and could continue to drive economic growth this spring.

US business stockpiles flat in March, sales fall

WASHINGTON (AP) — U.S. businesses left their stockpiles unchanged in March for a second month while their sales fell sharply.

Dell board committee seeks more info on Icahn plan

Dell board members say they need more details from investor Carl Icahn if he wants them to seriously consider his latest challenge to Michael Dell's $24.4 billion plan to take the computer maker private.

Natural gas export plans stir debate

WASHINGTON (AP) — A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.

Bloodless bank heist impressed cybercrime experts

NEW YORK (AP) — A bloodless bank heist that netted more than $45 million has left even cybercrime experts impressed by the technical sophistication, if not the virtue, of the con artists who pulled off a remarkable internationally organized attack.

World grapples with rise in cyber crime

LONDON (AP) — International law enforcement agencies say the recent $45 million dollar ATM heist is just one of many scams they're fighting in an unprecedented wave of sophisticated cyberattacks.

Bangladesh collapse search over; death toll 1,127

SAVAR, Bangladesh (AP) — Nearly three weeks after a Bangladesh garment-factory building collapsed, the search for the dead ended Monday at the site of the worst disaster in the history of the global garment industry. The death toll: 1,127.

NATIONAL POLITICS

Obama says he won't tolerate political bias at IRS

WASHINGTON (AP) — When members of Congress repeatedly raised concerns with the Internal Revenue Service about complaints that Tea Party groups were being harassed last year, a deputy IRS commissioner took the lead in assuring lawmakers that the additional scrutiny was a legitimate part of the screening process.

Senator: Obama should 'condemn' IRS targeting

WASHINGTON (AP) — Republicans say the Internal Revenue Service's targeting of conservative political groups was "chilling", and at least one Republican senator called on President Barack Obama to "personally condemn" the actions.


FRIDAY, MAY 10
STATE LEGISLATURE

Tennessee AG: 'Ag-gag bill' constitutionally suspect

NASHVILLE (AP) — Legislation that would require anyone recording images of animal abuse to submit unedited footage or photos to law enforcement within 48 hours is "constitutionally suspect," according to a state attorney general's opinion Thursday.

NASHVILLE AREA

Court filing suggests pharmacy misled regulators

NASHVILLE (AP) - New court filings suggest a Massachusetts pharmacy blamed for a deadly outbreak of fungal meningitis last year may have used patient lists from a Nashville clinic to mislead regulators.

Davidson County elections administrator fired

NASHVILLE (AP) — Davidson County's Election Commission has ousted its elections administrator after a state report found errors in the commission's handling of last year's elections.

Haslam consultant Ingram faces lobbying questions

NASHVILLE (AP) — A top Republican political consultant and adviser to Pilot Flying J is facing possible civil penalties for failing to register as a lobbyist.

STATEWIDE

April revenues $160.9M more than state budgeted

NASHVILLE (AP) — State Finance Commissioner Mark Emkes says overall April revenues were $160.9 million more than the state budgeted.

Tennessee Lottery to offer new drawing-style game

NASHVILLE (AP) — The Tennessee Lottery is adding a sixth drawing-style game to its lineup and this one pays the withholding taxes.

MUSIC INDUSTRY

Country music on air in New York City after 17-year absence

NEW YORK (AP) - Even though a cowboy hat sighting on Fifth Avenue is still pretty rare, country music has made an important move into New York City.

AUTO INDUSTRY

US officials probe Corvette headlamp problem

DETROIT (AP) — U.S. auto safety regulators are investigating complaints that the low-beam headlights can go dark without warning on some Chevrolet Corvettes.

NATIONAL BUSINESS

Stocks rise for a third week in a row

NEW YORK (AP) — The stock market is closing out its third straight week of gains, led by small-company stocks.

Oil down slightly on rising dollar, OPEC output

NEW YORK (AP) — The price of oil finished slightly lower Friday, after dropping 3 percent earlier in the day.

Bernanke says Fed increasing financial monitoring

WASHINGTON (AP) — The Federal Reserve has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another financial crisis, Chairman Ben Bernanke said Friday.

Global network of hackers steal $45M from ATMs

NEW YORK (AP) — The sophistication of a global network of thieves who drained cash machines around the globe of an astonishing $45 million in mere hours sent ripples through the security world, not merely for the size of the operation and ease with which it was carried out, but also for the threat that more such thefts may be in store.

Icahn, Southeastern challenge Dell takeover plan

Dell's largest independent shareholder has teamed with activist investor Carl Icahn in another challenge to founder Michael Dell's $24.4 billion bid to take the struggling computer maker private.

US jobless aid applications fall to 5-year low

WASHINGTON (AP) — The number of Americans who applied for unemployment benefits fell by 4,000 last week to a seasonally adjusted 323,000, a five-year low. Layoffs have returned to pre-recession levels, a trend that could lead to more hiring.

Average on 30-year US mortgage rises to 3.42 pct.

WASHINGTON (AP) — Average U.S. mortgage rates rose this week but remained near historic lows. Cheaper mortgages have encouraged more home buying and refinancing.

Entitlements' unimpeded growth is boon to seniors

WASHINGTON (AP) — With Congress increasingly unable to resolve budget disputes, federal programs on automatic pilot are consuming ever larger amounts of government resources. The trend helps older Americans, who receive the bulk of Social Security and Medicare benefits, at the expense of younger people.

G-7 to discuss ways to 'nurture recovery'

LONDON (AP) — The role of central banks in shoring up the global economic recovery is set to be a key point of discussion among top financial officials from the world's seven leading economies when they gather in the UK this weekend.

NATIONAL POLITICS

Obama: US economy 'poised for progress'

AUSTIN, Texas (AP) — President Barack Obama says the American economy is, in his words, "poised for progress."

Republicans to back Obama's student loan plan

WASHINGTON (AP) — House Republicans are willing to give President Barack Obama a rare win, the chairman of the Education and Workforce Committee said Thursday in outlining a deal that would let college students avoid a costly hike on their student loans.

GOP boycotts health care advisory board

WASHINGTON (AP) — House and Senate Republican leaders told President Barack Obama Thursday that they will refuse to nominate candidates to serve on an advisory board that is to play a role in holding down Medicare costs under the new health care act.

House passes bill to prioritize US debt payments

WASHINGTON (AP) — The GOP-controlled House voted Thursday to make sure U.S. bondholders and people on Social Security get paid if the government hits its borrowing limit.

IRS apologizes for targeting conservative groups

WASHINGTON (AP) — The Internal Revenue Service inappropriately flagged conservative political groups for additional reviews during the 2012 election to see if they were violating their tax-exempt status, a top IRS official said Friday.

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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