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VOL. 40 | NO. 31 | Friday, July 29, 2016

Red state, blue mayors

Democratic leaders of our 4 largest cities push progressive agendas in GOP stronghold

Nashville Mayor Megan Barry, a Democrat in Tennessee’s sea of red, finds herself adapting to the control Republicans hold over the state Legislature.

Barry gets high marks for first year on the job

Not yet a year into her first term, Nashville Mayor Megan Barry is standing shoulder to shoulder with Metro Nashville Police and the black community in an effort to avert disaster.

Statewide office a tough road for Tennessee Democrats

Democratic mayors Megan Barry of Nashville and Madeline Rogero of Knoxville, are surrounded by GOP-supporting suburban and rural voters. It’s reflected by solid majorities in the Tennessee Senate and House.

RICHARD COURTNEY: REALTY CHECK

FHA loans were a great deal. But that was then

A long, long time ago, I can still remember how that music used to make me smile – and so did contracts with FHA loans. The music still makes me smile, and FHA loans do if I have the buyer, but the “appraisal” can be tough on the seller.

Local Weather
Currently
Nashville, TN
54.0°F
Light Rain
Wind: Variable at 4.6 mph
Humidity: 77%

EVENTS

Night Out Against Crime. Goodlettsville Police Department and the National Association of Town Watch. Tuesday, Moss Wright Park shelter #3, 6-9 p.m. Entertainment provided by D.B. Chase & Friends. Food provided and door prizes. Please join us by attending and supporting our cause to reduce crime in our community. Information: acherry@goodlettsville.gov

more events »

REAL ESTATE

Top Middle Tennessee commercial transactions for June 2016

Top commercial real estate sales, June 2016, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

Average US 30-year mortgage rate edges up to 3.48 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates edged higher this week for a second straight week. They still are near historically low levels to encourage potential homebuyers.

US homeownership rate of 62.9 percent matches a 51-year low

WASHINGTON (AP) — The proportion of U.S. households that own homes has matched its lowest level in 51 years — evidence that rising property prices, high rents and stagnant pay have made it hard for many to buy.

DAVID CLIMER: OUT OF LEFT FIELD

3-star Dobbs the key to UT’s resurgence

Over the summer, Peyton Manning spoke with Josh Dobbs about the essence of a senior season for a college quarterback.

TERRY McCORMICK: TENNESSEE TITANS

Titans have a fresh face on preseason roster: Hope

Hope is what Tennessee Titans have to offer their fans when training camp officially opens on Saturday.

Tennessee Titans 2016 training camp open practice schedule

All practices at St. Thomas Sports Park unless otherwise indicated. Autograph sessions for the first five practices are indicated.

NEWSMAKERS

Legal Aid Society picks new president, board

Robert “Bob” J. Martineau Jr., commissioner for the Tennessee Department of Environment and Conservation, has been selected as president of the Legal Aid Society of Middle Tennessee and the Cumberlands.

BEHIND THE WHEEL

New look, engine help Mazda CX-9 stand out

Mazda gave the CX-9 bolder styling, a new engine and superb handling for 2016, making it a seven-passenger SUV that separates itself from the crowd.

GUERRILLA MARKETING

Even big guys should market with startup mindset

Having spent the lion’s share of my career marketing national corporations, I would certainly say there is a science to marketing at that level, and the better brands market like well-oiled machines.

CAREER CORNER

You might want to leave religion out of your job interview

A reader contacted me today with an important question: When is it appropriate to wear clothing, jewelry, or other items associated with her religion to an interview or to work.

I SWEAR

Lonely-hearts ‘Lobster’ finds at least one fan

In a dystopian future era, applicable law dictates that if you are single after a certain age, you must take up residence in The Hotel for 45 days. If you don’t fall in love with someone in that time period, you will be transformed into the beast of your choice and released into the wild.

KAY'S COOKING CORNER

Tart cherries: The good just keeps getting better

One of the most beautiful signs of spring is the flowering cherry tree, promising succulent sweet, juicy fruits about two to three months away. The only thing better than seeing the beautiful tree is, a few months later, being able to enjoy the wonderful cherries.

STATE LEGISLATURE

Heated legislative nomination fights draw to close today

NASHVILLE (AP) - A campaign season that has been marked by sexual harassment allegations, stolen yard signs and physical altercations between candidates draws to a close when the primary polls close on Thursday evening.

STATEWIDE

Ohio judge won't dismiss claims against Pilot Flying J chain

COLUMBUS, Ohio (AP) — An Ohio judge won't dismiss breach-of-contract and other claims against the truck-stop chain owned by Cleveland Browns owner Jimmy Haslam and his brother, Tennessee Gov. Bill Haslam.

Tennessee votes on US House nominees

NASHVILLE (AP) — Tennessee voters go to the polls Thursday to decide the Republican and Democratic nominees for Congress and the state Legislature.

AUTO INDUSTRY

Toyota reports 14.5 pct drop in profit on yen, sales fall

TOKYO (AP) — Toyota Motor Corp. reported Thursday a 14.5 percent drop in profit for the fiscal first quarter as sales fell and a strong yen slashed earnings for the Japanese automaker.

NATIONAL/INTERNATIONAL BUSINESS

Requests for US unemployment aid rise to still-low 269,000

WASHINGTON (AP) — More Americans applied for unemployment benefits last week, but the number of remained close to historic lows in a positive sign for the job market.

US stocks slightly lower, missing out on gains in Europe

NEW YORK (AP) — U.S. stocks are hardly budging Thursday morning as the market continues the small moves it's made in the last few weeks. European stocks are rising and the British pound is skidding after the Bank of England cut interest rates to shore up the British economy after the nation's vote to leave the European Union.

Fannie Mae posts $2.9B profit in 2Q; paying $2.9B dividend

WASHINGTON (AP) — Fannie Mae reported net income of $2.9 billion from April through June, down from a year earlier as low interest rates brought losses for the mortgage giant on its investments.


WEDNESDAY, AUGUST 3
STATEWIDE

Congressional, legislative races focus of Tennessee primary

NASHVILLE (AP) - With no statewide positions on the Tennessee primary ballot on Thursday, much of the attention this election season has focused on congressional and state legislative races.

MUSIC INDUSTRY

The Band Perry takes precautions for Summer Olympics

NASHVILLE (AP) — Members of the Band Perry say they're taking precautions as they prepare to travel to Brazil for the Summer Olympics, due to the concerns about the Zika virus.

STATE LEGISLATURE

Prosecutors: Tennessee lawmaker acted 'above the law'

NASHVILLE (AP) — A longtime Tennessee state lawmaker parlayed his position of power to orchestrate a scheme to secretly reap more than $300,000 in untaxed earnings, federal prosecutors told jurors on the first day of Rep. Joe Armstrong's trial on Tuesday.

AUTO INDUSTRY

July US auto sales rose slightly on weaker demand

DETROIT (AP) — U.S. auto sales wilted in July, as hot weather and softening demand kept many buyers at home.

Toyota's plug-in hybrid launch delayed by several months

TOKYO (AP) — Toyota's much ballyhooed plug-in hybrid Prius Prime is being pushed back by several months, with the new sales date set for late this year or early next year.

TECHNOLOGY

In a sign of broader ambitions, Facebook opens hardware lab

MENLO PARK, Calif. (AP) — Facebook built its fortune on the internet, that non-physical space where people share updates and digital videos with friends. But deep inside its Silicon Valley headquarters, engineers have stocked a new lab with computerized lathes, industrial mills and tools for making physical goods.

NATIONAL/INTERNATIONAL BUSINESS

Fed official says 1 rate increase might be needed this year

WASHINGTON (AP) — A Federal Reserve official who has been a leading supporter of a slow approach to raising interest rates says one rate increase "could be appropriate" this year.

US stocks tick higher as energy prices jump

NEW YORK (AP) — U.S. stocks edged higher Wednesday as energy companies climbed with the price of oil. Banks also rose, and investors sold traditionally safe stocks. A survey showed that hiring by private companies continued at a solid but uninspiring clip in July.

Survey: US businesses add solid 179,000 jobs in July

WASHINGTON (AP) — U.S. companies added 179,000 jobs last month, according to a private survey, a steady gain that suggests hiring remains healthy after a sharp fall-off in the spring.

Survey: Expansion by US services companies slowed in July

WASHINGTON (AP) — A private survey has found that U.S. services companies expanded more gradually in July, with job gains slowing in a key gauge of economic growth.

Eurozone shows resilience in face of Brexit vote _ unlike UK

LONDON (AP) — A closely watched monthly economic survey indicates that the British economy is heading for a sizeable contraction in the third quarter in the wake of the country's decision to leave the European Union, whereas the neighboring 19-country eurozone economy appears to have brushed aside any of the negative fallout from so-called Brexit — at least so far.

Time Warner invests in Hulu in win for cable cord-cutters

NEW YORK (AP) — In another win for cable cord-cutters, Time Warner has become the latest media company to invest in streaming service Hulu.

Potter script sells more than 2 million copies in 2 days

NEW YORK (AP) — Not even "Hamilton" can keep up with these numbers. The script to the London stage production "Harry Potter and the Cursed Child Parts One and Two" sold more than 2 million print copies in North America in its first two days of publication, Scholastic announced Wednesday.


TUESDAY, AUGUST 2
STATEWIDE

Tennessee horse positive for Eastern Equine Encephalitis

NASHVILLE (AP) - Tennessee officials are advising people to take precautions after a horse in West Tennessee tested positive for Eastern Equine Encephalitis.

STATE LEGISLATURE

Federal trial of Tennessee state lawmaker starts today

NASHVILLE (AP) - Just days before Tennessee's primaries, one veteran state lawmaker won't be battling on a ballot, but in federal court fighting fraud and tax evasion charges.

HEALTH CARE

Health insurer Aetna backs off ACA expansion plans

Aetna became the latest health insurer to cast doubt upon its future in the Affordable Care Act's insurance exchanges after it called off a planned expansion Tuesday and suggested it could abandon that market completely.

Medical benefits of dental floss unproven

HOLMDEL, N.J. (AP) — It's one of the most universal recommendations in all of public health: Floss daily to prevent gum disease and cavities.

AUTO INDUSTRY

July US auto sales fall on weaker demand; Nissan up 1%

DETROIT (AP) — U.S. auto sales were expected to drop slightly in July as unusually hot weather — and softening demand — kept buyers at home.

NATIONAL/INTERNATIONAL BUSINESS

US consumer spending grew a solid 0.4 percent in June

WASHINGTON (AP) — American consumers turned in another strong month of spending in June despite a decline in spending on autos.

US stocks take biggest losses in nearly a month

NEW YORK (AP) — U.S. stocks took their biggest loss in almost a month on Tuesday as investors worried about the health of the U.S. economy and sold shares in retailers and car companies. Machinery companies also fell and the price of oil continued to decline.

Freddie Mac posts $1B profit in 2Q; paying $933M dividend

WASHINGTON (AP) — Mortgage giant Freddie Mac reported net income of $1 billion for the second quarter, down from the same period of 2015.

Paid family leave benefits rising; Tennessee lags

NEW YORK (AP) — The call for paid family leave on the Democratic party platform is the most ambitious attempt by a major party in years to reverse the United States' status as the only industrialized nation without any standard for paid time off for new parents. But over the last five years a handful of states and some industries have been quietly increasing this benefit.


MONDAY, AUGUST 1
COURTS

Mother of handcuffed student files lawsuit against officer

MURFREESBORO (AP) - The mother of a Murfreesboro elementary school student has filed a lawsuit against an officer who handcuffed her daughter.

NASHVILLE AREA

Statue honors Tennessee's 1st African-American chief justice

NASHVILLE (AP) — A statue honoring Adolpho A. Birch Jr., the first African-American chief justice of the Tennessee Supreme Court, is being dedicated this month in Nashville.

Nashville airport plans $1.2 billion renovation

NASHVILLE (AP) — Nashville International Airport is embarking on a $1.2 billion renovation aimed at changing virtually every aspect of a traveler's experience.

REGION

TVA wants public comment on solar facility assessment

KNOXVILLE (AP) — The Tennessee Valley Authority is asking for public comment on a draft environmental assessment for a proposed purchase agreement with a planned solar generating facility in McNairy County.

REAL ESTATE

US construction spending drops 0.6 percent in June

WASHINGTON (AP) — U.S. construction spending fell for a third straight month in June with spending on nonresidential construction dropping by the largest amount in six months.

TECHNOLOGY

GSK, Google parent company to make bioelectronic medicine

LONDON (AP) — Pharmaceutical giant GlaxoSmithKline is forming a joint venture with a unit of Google's parent that will invest 540 million pounds ($714 million) in the relatively new field of bioelectronic medicine.

NATIONAL/INTERNATIONAL BUSINESS

US stocks slip as falling oil prices punish energy companies

NEW YORK (AP) — U.S. stocks wobbled and finished mostly lower Monday as the price of oil continued to nosedive thanks to the strong dollar. Energy companies took the biggest losses as U.S. crude hovered around $40 a barrel, its lowest price in almost four months, and materials companies also traded lower.

Survey: US factories expand for fifth straight month in July

WASHINGTON (AP) — American factories expanded for a fifth straight month in July, another sign that U.S. manufacturers are recovering from damage caused by a strong dollar. But a measure of factory employment fell.

Pilots' union seeks ouster of Southwest CEO after IT outage

DALLAS (AP) — Two major unions at Southwest Airlines are demanding that the carrier replace CEO Gary Kelly because of the technology outage that caused the airline to cancel or delay thousands of flights in July.

Happier Meal? McDonald's nixing some unpalatable ingredients

NEW YORK (AP) — McDonald's, which is trying to shake its image for serving processed junk food, said Monday it's eliminating some unpalatable ingredients from its most popular menu items.

Aging workforce puts strain on skilled manufacturing workers

CONCORD, N.H. (AP) — In a small town just south of New Hampshire's capital, General Electric runs two plants filled with workers building jet engines for the world's leading airlines.

NATIONAL POLITICS

Koch network focuses on Senate, turns away from Trump

COLORADO SPRINGS, Colo. (AP) — Billionaire industrialist Charles Koch has declared that his expansive political network would not support Donald Trump, questioning whether the Republican presidential nominee believes in free markets.


FRIDAY, JULY 29
MUSIC INDUSTRY

George Strait to honor Jim Lauderdale at Americana Awards

NASHVILLE (AP) - Country music star George Strait will honor singer-songwriter Jim Lauderdale with a lifetime achievement award at this year's Americana Honors and Awards Show, to be held Sept. 21 in Nashville.

STATEWIDE

Tennessee sales tax holiday runs through Sunday

NASHVILLE (AP) — Tennessee's annual sales tax holiday is underway this weekend as parents prepare for children to return to school.

Gov. Haslam names David Purkey as safety commissioner

NASHVILLE (AP) - Republican Gov. Bill Haslam has named David Purkey as the new commissioner of the Tennessee Department of Safety.

MIDSTATE

Lowe's to locate direct fulfillment center In Coopertown

Lowe's will locate a new direct fulfillment center in Robertson County and expects to invest approximately $100 million and create up to 600 jobs in Coopertown, northwest of Nashville, the company announced today.

STATE LEGISLATURE

Haslam drops $150K into PAC for Tennessee legislative races

NASHVILLE (AP) — Republican Gov. Bill Haslam has opened his wallet for state legislative campaigns throughout the state.

Durham's halted bid not only GOP campaign drawing attention

NASHVILLE (AP) - The subject of a state attorney general's sexual harassment investigation isn't the only Republican candidate facing uncertain prospects in Tennessee's Aug. 4 primary.

Haslam happy to 'help our friends' facing GOP primaries

NASHVILLE (AP) - For Republican Gov. Bill Haslam, it's a happy coincidence that he can give a boost to embattled legislative incumbents while traveling the state to hand out community grant checks.

COURTS

Groups ask appeals court to reconsider net neutrality ruling

NEW YORK (AP) — Cable and telecom industry groups want a federal appeals court to reconsider its ruling on net neutrality.

NATIONAL/INTERNATIONAL BUSINESS

Stocks close mostly higher, helped by technology, oil

NEW YORK (AP) — Stocks ended slightly higher on Friday, helped by better-than-expected quarterly results from Google's parent Alphabet and retailer Amazon and a modest recovery in oil prices.

Cheaper oil sends Exxon, Chevron to worst quarter in years

DALLAS (AP) — Cheaper oil is leading to the lowest summer gasoline prices in years, and it is causing heartburn for oil companies and their shareholders.

US economy expected to pick up after weak growth in spring

WASHINGTON (AP) — A surprisingly lackluster economy last quarter served as a reminder of how choppy the pace of growth has been since the Great Recession ended seven years ago. Businesses pared their stockpiling and investment through the spring. But consumers — the heart of the U.S. economy — kept spending.

US regulators: Still heavy risk in big bank loans

WASHINGTON (AP) — Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved.

US oil, gas applications could drop 40 percent

BILLINGS, Mont. (AP) — U.S. officials say applications to drill for oil and gas on federal and Indian lands are expected to decrease 40 percent in coming years versus their historical average.

Chipotle branching out, plans to open burger restaurant

NEW YORK (AP) — Chipotle is branching out from burritos and plans to open its first burger restaurant.

Obama signs bill requiring labeling of GMO foods

WASHINGTON (AP) — President Barack Obama has signed into law a bill that will require labeling of genetically modified ingredients for the first time.

Ford recalls 830K vehicles to fix faulty door latches

DETROIT (AP) — Ford is recalling about 830,000 vehicles in the U.S. and Mexico because parts in the side door latches can break and the doors can open while the vehicles are moving.

Breaking up the bundle? Dish relegates ESPN to an add-on

NEW YORK (AP) — Dish Network is offering a new "skinny" bundle of about 50 cable channels that doesn't include ESPN and some other sports channels, giving people who don't care about sports a way to save money on TV without joining the ranks of "cord cutters."

US investment orders edge up 0.4 percent in June

WASHINGTON (AP) — A key category of orders to U.S. businesses that tracks investment posted a small gain in June after two months of declines.

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