VOL. 38 | NO. 28 | Friday, July 11, 2014
The lovely (in spirit and appearance) – young woman crosses her legs when she sits on an upholstered bench at Ben Folds’ Steinway and looks around the 75-by-45-foot room with the uncertain future.
Here’s what some people like to do. They walk into open houses on any given Sunday and quickly proclaim that they are not buyers, merely nosey neighbors, and begin to cite four to 438 reasons why the price of the open house is too high and that the house will eventually sell for 25% off of the list price – or maybe even less.
Attorneys Derek Crownover, Austen Adams and Cam Caldwell have joined Dickinson Wright PLLC in Nashville to launch the firm’s office on Music Row and lead its expanded Entertainment Law Practice Group.
Email marketing has advanced significantly over the past decade, with the potential to be one of the strongest performers of all weapons in your marketing arsenal due to its unique ability for highly personalized content and comprehensive tracking delivered straight to the consumers’ inbox.
A recent weekend found Uncle Vic traversing the road between Little Rock and the South Mississippi hometown of great-nephew R.P. The subject of an I Swear column in January of last year, R.P. will soon be 18 months old.
Parents of newly minted graduates have all heard about it: The “Boomerang Generation.” According to Pew Research Center, it’s estimated that some 45 percent of college graduates between the ages of 18 and 24 are living at home with family. If you are a parent, you may be wondering what you can do to give your children the gift of independence.
KAY'S COOKING CORNER
“A rose is a rose,” but when is a rose not a rose? When it is a peach. If you do not already know, peaches are from the Rose family (Prunus), and are classified as a “stone fruit” or “drupe.”
BUSINESS BOOK REVIEW
It’s never been done before.
NASHVILLE (AP) — Tennessee's tourism agency has a new logo and ad campaign aimed to spark travelers' interest in a vacation that can only be made in Tennessee.
NASHVILLE (AP) - The campaign of Republican U.S. Senate candidate Joe Carr has loaned $200,000 to the company of a prominent supporter in an unusual arrangement that has drawn the attention of the Federal Election Commission.
NASHVILLE (AP) — The Adventure Science Center in Nashville is offering a program on climate change Thursday night in a casual setting with a scientist from Austin Peay State University.
TOKYO (AP) — Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker.
WASHINGTON (AP) — Lawmakers on Thursday demanded General Motors fire its chief lawyer and open its compensation plan to more potential victims as a Senate subcommittee delved deeper into GM's mishandling of the recall of small cars with defective ignition switches.
WASHINGTON (AP) — General Motors Co. is the first big automaker to support legislation barring rental-car companies from renting or selling vehicles subject to a recall.
DETROIT (AP) — Chrysler can fix recalled Jeep SUVs far faster than U.S. safety regulators have predicted, the automaker told the government Wednesday.
WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows.
WASHINGTON (AP) — U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.
LOS ANGELES (AP) — Microsoft announced the biggest layoffs in its history Thursday, saying it will cut 18,000 jobs or 14 percent of its workforce as it streamlines its Nokia mobile device business to focus on using the Windows Phone operating system.
WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.
U.S. financial markets veered lower in afternoon trading Thursday, giving back gains from a day earlier. Economic data were mixed and company earnings reports were mostly disappointing. Investors also monitored developments in Ukraine following reports that a passenger plane was shot down over the eastern part of the country.
The price of oil surged to near $103 a barrel Thursday after a U.S. inventories report showed a larger-than-expected drop in crude oil supplies.
NEW YORK (AP) — Morgan Stanley says its quarterly profit more than doubled, thanks to strong results from its investment banking and money-management units. The news drove up the investment bank's stock in early trading.
The nation's largest health insurer expects to play a much bigger role in the health care overhaul next year, as the federal law shifts from raising giant questions for the sector to offering growth opportunities.
WASHINGTON (AP) — With federal transportation funding about to run dry, President Barack Obama is taking new steps to boost the flow of private dollars into public works projects.
WASHINGTON (AP) — The White House is meeting growing resistance from both the left and the right as it pushes a multibillion-dollar emergency spending bill for the border, raising questions about chances for any action in Congress to address the crisis of tens of thousands of unaccompanied children crossing into South Texas.
WEDNESDAY, JULY 16
NASHVILLE (AP) — The Tennessee Education Lottery Corp. has had a record year with $1.4 billion in sales for fiscal year 2014.
KNOXVILLE (AP) — The Tennessee Valley Authority is one of the top 10 utilities for green power sales.
DETROIT (AP) — Volkswagen bumped General Motors out of second place in the global auto sales race during the first half of the year, but Toyota is expected to stay in first place.
CHATTANOOGA (AP) — Tennessee leaders downplayed the often public wrangling over organized labor's role at Volkswagen's Chattanooga factory on Tuesday, focusing on the company's recent announcement that it would add a new line there to produce a seven-passenger SUV.
FRANKFURT, Germany (AP) — Germany's Daimler AG is unveiling a new version of its tiny, two-seat Smart model in hopes the car won't just grab attention with its unusual design — but make a bigger contribution to the company's profits as well.
DETROIT (AP) — BMW is expanding a recall of its most popular models to fix a growing air bag problem that is hitting much of the auto industry.
NEW YORK (AP) — Apple will pay up to $400 million to compensate consumers ensnared in a plot to raise the prices of digital books unless the company overturns a court decision attesting to its pivotal role in the collusion.
WASHINGTON (AP) — When you die, should your loved ones have access to your Facebook, Yahoo and other online accounts?
LOS ANGELES (AP) — These homes are set apart by their amenities — for dogs.
WASHINGTON (AP) — Don't blame the millennial generation for lackluster home sales.
U.S. homebuilders are feeling more confident in their sales prospects for the second half of the year, reflecting improved demand and stronger sales of new homes in recent months.
NEW YORK (AP) — Stocks are closing higher following strong earnings results and deal news from big U.S. companies.
Oil prices rose Wednesday on a large drain in U.S. oil inventories and a slight improvement in economic growth in China.
WASHINGTON (AP) — The economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released Wednesday indicates.
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says it would be a serious mistake for Congress to require the nation's central bank to adopt a formal policy rule to guide its decisions on setting interest rates.
WASHINGTON (AP) — U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture.
WASHINGTON (AP) — Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame.
WASHINGTON (AP) — New federal guidelines on job discrimination against pregnant workers could have a big impact on the workplace and in the courtroom.
NEW YORK (AP) — In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.
NEW YORK (AP) — Bank of America said Wednesday that its second-quarter earnings were hit by higher litigation expenses.
WASHINGTON (AP) — President Barack Obama wants local government officials to prepare their communities now for the effects of climate change.
WASHINGTON (AP) — If there's anything that can unite Democrats and Republicans in the partisan swamp of Capitol Hill, it's free money.
TUESDAY, JULY 15
FRANKLIN (AP) - Tennessee has funding for 13 road-widening projects totaling more than $200 million waiting on whether Congress refreshes the federal Highway Trust Fund in August.
NASHVILLE (AP) - The truck-stop company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam may have put the worst behind it after federal attorneys agreed not to prosecute Pilot Flying J for cheating customers.
The Federal Reserve's latest take on the U.S. economy put many investors into sell mode Tuesday, sending stocks mostly lower after a brief upward turn early in the day.
The price of oil fell below $100 a barrel for the first time since May even as the deteriorating security situation in Libya has raised questions about whether the country can soon increase crude exports.
WASHINGTON (AP) — U.S. retail sales increased slightly in June, evidence that consumers remain cautious despite steady job gains this year.
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
WASHINGTON (AP) — U.S. companies restocked their store shelves and warehouses at a steady pace in May, a sign they expect sales will remain solid in the months ahead.
PALO ALTO, Calif. (AP) — Hewlett-Packard's interim chairman, Ralph Whitworth, has resigned from the company's board to concentrate on personal health issues.
RICHMOND, Va. (AP) — Cigarette maker Reynolds American Inc. is planning to buy rival Lorillard Inc. for about $25 billion in a deal to combine two of the nation's oldest and biggest tobacco companies.
WASHINGTON (AP) — The GOP-controlled House has slashed the budget for the Internal Revenue Service's tax enforcement division by $1.2 billion, a 25 percent cut that would mean fewer audits of taxpayers and make it more likely that people who cheat on their taxes will get away with it.
MONDAY, JULY 14
NASHVILLE (AP) - Authorities say the truck-stop company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam has agreed to pay $92 million in fines for cheating customers out of promised rebates and discounts.
NASHVILLE (AP) - Former Vice President Al Gore and members of the Kennedy family joined hundreds of other mourners Monday for the funeral of renowned journalist and press freedom champion John Seigenthaler, whose career spanned the civil rights struggle in the South and contemporary battles for media openness in the digital age.
NASHVILLE (AP) - Two of Nashville's top Democrats are planning a fundraiser for Michelle Nunn's U.S. Senate bid in Georgia.
NASHVILLE (AP) — Mourners are paying respects to John Seigenthaler, the journalist who once edited The Tennessean newspaper, helped shape USA Today and worked for civil rights during the John F. Kennedy administration.
NASHVILLE (AP) — Reviled by staunch conservatives, the common education standards designed to improve schools and student competitiveness are being modified by some Republican governors, who are pushing back against what they call the federal government's intrusion into the classroom.
NASHVILLE (AP) — The American Eagle Foundation is planning to release a bald eagle near the Cumberland River in Nashville on Tuesday.
NASHVILLE (AP) — Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tennessee, adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.
A growing number of U.S. companies are looking to trim their tax bills by combining operations with foreign businesses in a trend that may eventually cost the federal government billions of dollars in revenue.
Stocks were little changed in early trading Tuesday as investors sized up corporate earnings and new government data showing that retail sales inched up last month. Earnings from JPMorgan Chase and Goldman Sachs trumped Wall Street's expectations. Tobacco companies fell as investors got a look at the details of Reynolds American's takeover of rival Lorillard.
Lacking any catalysts, the price of oil barely changed Monday. Meanwhile, gasoline prices in the U.S. slipped to three-month lows.
WASHINGTON (AP) — Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.
WASHINGTON (AP) — President Barack Obama will press Congress this week to keep highway and transit aid flowing to states.
FRIDAY, JULY 11
RICHMOND, Va. (AP) — Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation's oldest and biggest tobacco companies.
NEW YORK (AP) — The stock market rose slightly Friday but was still headed for its biggest weekly loss since April as investors assessed corporate news. The market ended the previous week at a record high.
The Associated Press - The price of oil bounced back late Thursday and rose for the first time in two weeks.
WASHINGTON (AP) — U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.
WASHINGTON (AP) — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.
The Associated Press - Wells Fargo said its second-quarter profit edged up 3 percent, helped by higher deposit balances and a drop in the amount of loans that went bad. Revenue slipped.
WASHINGTON (AP) — The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.
NEW YORK (AP) — Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.
The Associated Press -- Soybean contracts sank to their lowest price in almost four years after a government report bolstered expectations for ample supplies.
NASHVILLE (AP) — Partisan divisions over immigration, education and health care are intensifying as dozens of the nation's governors meet just months before elections thick with presidential implications.
SPOKANE, Wash. (AP) — The solar panels that Idaho inventor Scott Brusaw has built aren't meant for rooftops. They are meant for roads, driveways, parking lots, bike trails and, eventually, highways.
NASHVILLE (AP) — John Seigenthaler, the journalist who edited The Tennessean newspaper, helped shape USA Today and worked for civil rights during the Kennedy administration, died Friday at his Nashville home at age 86, his son said.
NASHVILLE (AP) — The three Supreme Court justices facing retention elections next month have launched a television ad to stress their dedication to the federal and state constitutions.
KNOXVILLE (AP) — Tennessee wildlife officials say a black bear spotted in a West Knoxville neighborhood will be left alone as long as it returns the favor.
NEW YORK (AP) — The National Highway Traffic Safety Administration says it is investigating steering problems in about 500,000 Ford cars.
GALLATIN (AP) — Officials say the expansion of an automotive systems manufacturer in Gallatin could create 230 new jobs over the next five years in Sumner County.
NEW YORK (AP) — Chrysler says it is recalling 651,000 Jeep and Dodge SUVs in the U.S. because vanity mirror lights that have undergone repairs can short circuit and start a fire if not reassembled correctly.
NEW YORK (AP) — Stocks fell Thursday as worries about the soundness of a European bank spooked U.S. investors, prompting them to sell off stocks and snap up less risky assets like gold and governments bonds. However, the declines were half of what they were earlier in the session.
WASHINGTON (AP) — Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years.
LISBON, Portugal (AP) — The specter of Europe's financial crisis is back to haunt investors.
LONDON (AP) — More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.
NASHVILLE (AP) — Garth Brooks is finally embracing digital music, but he's doing it his own way.
LOUISVILLE, Ky. (AP) — A group of landowners and a Kentucky coal industry group are asking a federal judge to halt plans to shut down two coal-fired units at a Tennessee Valley Authority power plant in western Kentucky.
NASHVILLE (AP) — An official with the United Auto Workers, which suffered a stinging defeat in its attempt to unionize Volkswagen's assembly plant in Tennessee earlier this year, said Thursday that it is forming a new local at the plant.
NASHVILLE (AP) — Tennessee State University says it is receiving a certification from the National Weather Service signifying that the university is well prepared to protect its people and property from severe weather.
NASHVILLE (AP) — Visitors to the website of the Tennessee State Library and Archives can now access family Bible records.