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VOL. 37 | NO. 27 | Friday, July 05, 2013

A warm slice of Americana

You might not know about one of Nashville’s most popular exports, but rural America sure does

Tourists flock to Nashville to visit the Ryman, check out the Country Music Hall of Fame, go to the Opry, and increasingly, seek out the “Diner.’’

A showcase for rural America

RFD-TV bills itself as “Rural America’s Most Important Network,” and there was a time when provincial Music City would have been its core audience.

RFD expands with Sirius

Rural Media’s connections with Nashville grew a little stronger last week with the announcement of Rural Radio on Sirius XM channel 80.

Big deal: 118 La Vergne homes go to one buyer for $10.4M

When developer Amnon Shreibman filed one of Nashville’s largest-ever Chapter 11 bankruptcy cases last year, a big “what if’’ was whether or not his multiple properties could be divided successfully.

Gallatin’s Depot Square gets another new life

An almost 90-year old building near the square in Gallatin has undergone its share of changes over the years.

Local Weather
Today
Nashville, TN
89°F
Mostly Cloudy
Wind: 9 mph
Humidity: 57%

EVENTS

CEO Insights. When key parts of the health care law take effect in 2014, there will be a new way for individuals, families and small businesses to get health insurance. Learn how these changes in the health care environment will affect you and your business. Featured speaker: Bill Gracey, CEO of BlueCross BlueShield of Tennessee. Today, AT&T Auditorium, 333 Commerce Street, Nashville. Information: nashvillechamber.com, 743-3063.

more events »

College parents send their love with help of Belmont grad

Nothing says love like a care package. Ask any kid who has ever been to sleep-away camp. Ask any lonesome young professional in that job far from home.

Hemlock pullback puts schools on hold

One primary indicator of economic growth in any community is schools. And it’s no different in Clarksville and Montgomery County.

REALTY CHECK

The house either speaks to you or it doesn’t

In residential real estate, the houses speak to the buyers and the buyers listen and buy them. Or they run screaming into the safety of the Realtor’s car.

REAL ESTATE

Top Davidson County lenders for May 2013

A look at Davidson County’s top lenders based on total number of all loans, commercial and residential.

NEWSMAKERS

Hatch master printer earns industry honor

The American Advertising Federation’s Nashville chapter will recognize Jim Sherraden, master printer at Hatch Show Print, as the recipient of the 2013 Silver Medal, the organization’s highest individual recognition.

BUSINESS BOOK REVIEW

‘Gals,’ ‘chicks’ get no kicks from ‘Stiletto’

The boss is out again today, probably golfing with his associates.

GUERRILLA MARKETING

Boost sales by talking their talk

Linguistics is the study of human language. Since a sales pitch is essentially just a conversation between two people, those with a deep understanding of the nuances behind the spoken word – or linguistics – will find more success in the sales profession.

SMART STUFF 4 WORK

Can you really train that elephant?

Early in his book “Happiness Hypothesis,” Jonathan Haidt states that the mind is divided into separate parts that sometimes work against each other. “Like a rider on an elephant, the conscious, reasoning part of the mind has only limited control of what the elephant does.”

I SWEAR

Italian tour schedule rings a (really loud) bell

BELLAGIO, ITALY – They don’t want you to nap too long in this town. Church bells ring about every seven and a-half minutes, starting at 7:30. Chiming and chiding, they seem to say, “You’ve slept long enough.” (Good thing I don’t believe in jet lag. Who needs that third hour of sleep anyway?)

KAY'S COOKING CORNER

Great recipes for extended 4th weekend

This week, Americans everywhere celebrated the Fourth of July in all of its sparkling, bang-up glory.

MUSIC INDUSTRY

Singer Randy Travis recovering from brain surgery

NASHVILLE (AP) — Country music stars and fans joined together to urge prayers for Randy Travis overnight as he recovered from brain surgery following a stroke at a Texas hospital.

NASHVILLE AREA

Grand Ole Opry installs 2 new tours

NASHVILLE (AP) — Darius Rucker's surprise invitation to become a member of the Grand Ole Opry is a moment he says he will always cherish — and now fans will be able to share the experience with him over and over again.

TSU sets small-acreage farm demonstration day

NASHVILLE (AP) — Tennessee State University is putting on a small farm demonstration day this month.

MIDSTATE

Ex-Army inspector accused of stealing troops' IDs

NASHVILLE (AP) - A former Fort Campbell inspector whose job was to investigate misconduct has been accused of stealing the identities of Army personnel, including a soldier killed in combat, in a scheme to obtain thousands of dollars in bank loans.

AUTO INDUSTRY

China plans to further restrict car purchases

BEIJING (AP) — China plans to increase the number of cities that restrict vehicle purchases in a bid to fight pollution and traffic congestion, state media reported Thursday.

NATIONAL BUSINESS

Study: Youth attitudes shift in Great Recession

CHICAGO (AP) — Drew Miller clearly remembers the day his father was laid off.

Stocks surge after Bernanke allays stimulus fear

NEW YORK (AP) — Call it the Bernanke Boost.

Rate on 30-year mortgage at 2-year high: 4.51 pct.

WASHINGTON (AP) — The average U.S. rate on the 30-year fixed mortgage rose this week to 4.51 percent, a two-year high. Rates have been rising on expectations that the Federal Reserve will slow its bond purchases this year.

Retailers report strong gains for June

NEW YORK (AP) — June sales heated up for stores.

US unemployment benefit applications rise to 360K

WASHINGTON (AP) — U.S. unemployment benefit applications rose 16,000 last week to a seasonally adjusted 360,000, although the level remains consistent with steady hiring.

Microsoft reshuffles company structure

NEW YORK (AP) — Microsoft Corp. is reshuffling its business in an attempt to promote faster innovation and a sharper focus on devices and services. The move by the world's largest software maker comes amid lukewarm response to the latest version of its flagship Windows operating system and a steady decline in demand for PCs as people turn to tablets and other mobile gadgets.

Bernanke: US economy still needs Fed's stimulus

WASHINGTON (AP) — Chairman Ben Bernanke said Wednesday that the U.S. economy still needs help from the Federal Reserve's low interest rate policies.

Oil pulls back below $106 on expected supply rise

The price of oil fell back below $106 a barrel Thursday after a report from the International Energy Agency said oil supplies would exceed the expected rise demand in 2014, partly on the back of growing production in North America.

RealtyTrac: Home repossessions declined in June

LOS ANGELES (AP) — Fewer U.S. homes entered the foreclosure process or were repossessed by banks in June, the latest sign that the nation is shaking off its housing bust hangover.

NATIONAL POLITICS

Republicans drop food stamps from farm bill

WASHINGTON (AP) — House Republican leaders bruised by the defeat of a massive farm bill last month are working to quickly revive the measure with a vote on a pared-down version that avoids an immediate showdown on food stamp cuts.

GOP rejects comprehensive approach on immigration

WASHINGTON (AP) — House Republicans are embracing a step-by-step approach to immigration, in contrast to the sweeping plan passed by the Senate and backed by the White House. But they're offering neither specifics nor a timetable — nor any mention of possible citizenship for an estimated 11 million immigrants living in the country unlawfully.

Deal emerging on student loans, talks continue

WASHINGTON (AP) — An emerging deal to lower interest rates on student loans took shape Thursday, offering Democrats promises that interest rates would not reach 10 percent and giving Republicans a link between borrowing terms and the financial markets.


WEDNESDAY, JULY 10
MUSIC INDUSTRY

Doctors: Randy Travis in congestive heart failure

NASHVILLE (AP) - Country music star Randy Travis is showing signs of improvement but remains in critical condition with congestive heart failure because of a viral illness, doctors said Wednesday.

AUTO INDUSTRY

China's June auto sales rise 9.3 percent

BEIJING (AP) — China's auto sales growth held steady in June and Japanese brands rebounded from a slump despite a credit crunch and slowing economic growth.

COURTS

NY judge: Apple conspired to raise e-book prices

NEW YORK (AP) — Apple Inc. conspired with publishers to raise electronic book prices, a federal judge ruled Wednesday, saying the evidence left no doubt that the computer maker broke antitrust laws.

NATIONAL BUSINESS

Mixed close for US stocks after Fed rally fades

NEW YORK (AP) — Stocks are closing mostly higher on Wall Street as a brief afternoon rally deflated.

Fed members: More job gains needed to taper bonds

WASHINGTON (AP) — Federal Reserve officials seem far from a consensus on the question that's consumed investors for months:

Minutes of Fed policy meeting show sharp divisions

WASHINGTON (AP) — Federal Reserve officials seem far from a consensus on the question that's consumed investors for months: When will the Fed slow its bond purchases?

Icahn to seek court appraisal of $24.4B Dell deal

NEW YORK (AP) — Billionaire investor Carl Icahn says he will ask a Delaware judge to assess whether a proposed $24.4 billion acquisition of Dell represents a fair price for the struggling personal computer. It is Icahn's latest attempt to wrangle a higher offer from buyout group that includes company CEO Michael Dell.

SEC lifts ban on hedge fund advertising

WASHINGTON (AP) — For the first time, hedge funds will be allowed to advertise to the general public under a rule adopted Wednesday by federal regulators.

US wholesale stockpiles shrink in May, sales rise

WASHINGTON (AP) — U.S. wholesalers cut back on restocking in May even as sales rose, indicating economic growth could pick up later this year as they rebuild their stockpiles.

Oil rises 2 percent on sharp drop in US supplies

NEW YORK (AP) — The price of oil rose 2 percent Wednesday as the U.S. government reported another steep decline in the nation's supplies of oil and gasoline.

Tribune plans to split into 2 companies

CHICAGO (AP) — Tribune Co. said Wednesday that it wants to split its broadcasting and publishing businesses into two companies.

BlackBerry chief seeks patience with turnaround

WATERLOO, Ontario (AP) — Research In Motion CEO Thorsten Heins pleaded for patience Tuesday as the company faces questions about its growth and survival.

NATIONAL POLITICS

House Republicans grapple with immigration

WASHINGTON (AP) — House Republicans on Wednesday confronted the politically volatile issue of immigration, their ranks divided and their way forward unclear even as national GOP leaders pressured them to act.

The price of surveillance: Government pays to snoop

WASHINGTON (AP) — How much are your private conversations worth to the government? Turns out, it can be a lot, depending on the technology.

Senate fails to keep student loan rates low

WASHINGTON (AP) — Senate Democrats on Wednesday failed to restore lower interest rates on student loans, again coming up short and perhaps signaling that undergraduates might really face rates twice as high as the ones they enjoyed last year.


TUESDAY, JULY 9
MUSIC INDUSTRY

Jim Foglesong, label exec, hall of famer, dies

NASHVILLE (AP) - Jim Foglesong, a record label executive and music producer who helped launch Garth Brooks' career and was inducted into the Country Music Hall of Fame, died Tuesday. He was 90.

Singer Randy Travis remains in critical condition

NASHVILLE (AP) - Country singer Randy Travis remained in critical condition Tuesday in a Texas hospital after doctors inserted a device to stabilize his weakened heart.

NASHVILLE AREA

Kroger to buy Harris Teeter for about $2.44B

NEW YORK (AP) — Kroger, already the country's largest traditional supermarket operator, is expanding its reach in key southeastern and mid-Atlantic states by snapping up regional grocer Harris Teeter Supermarkets Inc.

Nashville-based Oreck sold at auction to Royal

NASHVILLE (AP) — The parent company of Hoover has purchased Nashville-based vacuum maker Oreck Corporation at a bankruptcy auction.

STATEWIDE

Online degree program launches in Tennessee

NASHVILLE (AP) — An adult online degree program promoted by Gov. Bill Haslam opens Tuesday in Tennessee.

THP cites 14 percent traffic fatality decline

NASHVILLE (AP) — The Tennessee Highway Patrol says traffic fatalities on state roadways have declined nearly 14 percent for the first six months of 2013, compared with the same period last year.

AUTO INDUSTRY

US safety agency may expand GM car recall

DETROIT (AP) — U.S. safety regulators may add nearly 5,000 cars to a recall of the Chevrolet Malibu Eco, Buick LaCrosse and Buick Regal sedans.

Late to the Chinese market, Ford aims to catch up

CHONGQING, China (AP) — Dave Schoch has one of the toughest jobs at Ford Motor Co.: catching the competition in the world's biggest car market.

HEALTH CARE

A break for smokers? Glitch may limit penalties

WASHINGTON (AP) — Some smokers trying to get coverage next year under President Barack Obama's health care law may get a break from tobacco-use penalties that could have made their premiums unaffordable.

NATIONAL BUSINESS

IMF forecasts slower global growth in 2013-14

WASHINGTON (AP) — The International Monetary Fund said Tuesday that it sees slower global growth in 2013 and 2014 than it did just three months ago, citing expectations of a slowdown in key developing countries such as China and Brazil and a more protracted recession in Europe.

Regulators propose stricter rule for 8 big banks

WASHINGTON (AP) — Regulators took a step Tuesday toward requiring eight of the largest U.S. banks to meet a stricter measure of health to reduce the threat they pose to the financial system.

US job openings, hiring rise slightly in May

WASHINGTON (AP) — U.S. employers advertised slightly more jobs in May and hired more workers, further signs of steady improvement in the job market.

Stocks head higher for fourth day

NEW YORK (AP) — The stock market edged higher Tuesday as investors bought companies that fare best when the economic outlook is bright.

Oil up slightly as Fed, OPEC, supply data awaited

NEW YORK (AP) — Oil rose slightly Tuesday as traders awaited news on U.S. crude supplies, OPEC production and the Federal Reserve's monetary policy stance.

Sprint completes acquisition of Clearwire

NEW YORK (AP) — Majority owner Sprint has completed its acquisition of wireless network operator Clearwire Corp.

NYSE operator takes over LIBOR bank rate

LONDON (AP) — The New York Stock Exchange's operator will take over administration of the London interbank offered rate, or LIBOR, which had been the subject of a global market manipulation scandal.

Barnes & Noble CEO William Lynch resigns

NEW YORK (AP) — Barnes & Noble Inc. said Monday that William Lynch has stepped down as CEO, effective immediately, just weeks after the book retailer announced weak sales, big losses and the declining popularity of its Nook e-readers.

NATIONAL POLITICS

GOP wants delay in health law's individual mandate

WASHINGTON (AP) — Framing a new argument against President Barack Obama's health care law, congressional GOP leaders called Tuesday for a delay in the law's requirement that individual Americans carry health insurance.

Millions more immigrants under the Senate bill

WASHINGTON (AP) — Landmark immigration legislation passed by the Senate would remake America's workforce from the highest rungs to the lowest and bring many more immigrants into the economy, from elite technology companies to restaurant kitchens and rural fields.


MONDAY, JULY 8
MUSIC INDUSTRY

Country singer Randy Travis hospitalized in Texas

NASHVILLE (AP) - Country music star Randy Travis was in critical condition Monday in a Texas hospital, a day after he was hospitalized viral cardiomyopathy.

STATEWIDE

Haslam: No plans to sell Cleveland Browns

NASHVILLE (AP) - A spokesman for Cleveland Browns owner Jimmy Haslam says Haslam has no plans to sell the franchise despite legal troubles with the company he runs.

Haslam defends education commissioner under fire

NASHVILLE (AP) - Gov. Bill Haslam on Monday reiterated his support for the state's education commissioner, who has come under fire for changes to how teachers are paid.

Gov. Haslam struggles to meet Pilot recusal pledge

NASHVILLE (AP) — Tennessee Gov. Bill Haslam has struggled almost from the start of his administration to fulfill a campaign pledge to avoid handling matters relating to Pilot Flying J, the family-owned truck stop chain run by his brother, Cleveland Browns owner Jimmy Haslam.

Retire Tennessee roster growing

NASHVILLE (AP) — Two more counties have joined the Retire Tennessee program, which recruits retired people to live in the state.

Tennessee's new teacher salary plan raises ire

NASHVILLE (AP) — A decision by the state Board of Education to change how teachers are paid has led to a social media push to remove Education Commissioner Kevin Huffman.

AUTO INDUSTRY

Fiat exercises option to buy more Chrysler stock

DETROIT (AP) — Italian automaker Fiat has exercised a third option to buy a small amount of Chrysler stock, but the sale won't go through until a U.S. court settles a dispute over the price.

NATIONAL BUSINESS

Regulators proposing stricter rule for 8 big banks

WASHINGTON (AP) — Regulators want to require eight of the largest U.S. banks to meet a stricter measure of health to reduce the threat they pose to the financial system.

Stocks end higher; Alaska Air soars

NEW YORK (AP) — The stock market is ending higher as traders buy companies that fare best when the economic outlook is bright.

Oil dips, market awaits OPEC, US supply reports

NEW YORK (AP) — The price of oil finished with a small loss Monday as traders waited for potentially market-moving news at midweek.

US consumer borrowing up as credit card use rises

WASHINGTON (AP) — Americans increased their borrowing in May at the fastest pace in a year. Borrowing in the category that includes credit cards reached its highest point since the fall of 2010.

Home price gains bring sellers off the sidelines

SAN DIEGO (AP) — Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and figured the most they could get was $180,000.

Yahoo shuts down Internet relic AltaVista

NEW YORK (AP) — Once up on a time, there was a popular search engine called AltaVista. It lives no more.

Buffett gives 5 charities $2.6B in Berkshire stock

OMAHA, Neb. (AP) — Billionaire Warren Buffett is giving five charities more than $2.6 billion worth of Berkshire Hathaway Inc. stock as part of his overall plan to give away his fortune gradually.

Twinkies to last longer than many may remember

NEW YORK (AP) — Twinkies don't last forever, but they'll have more staying power than most people remember when they return to shelves next week.

Thomson Reuters suspends early data access

Thomson Reuters is suspending its practice of distributing results from a twice-monthly survey of consumers a couple seconds early to clients who pay extra for the premature access.

Temporary jobs becoming a permanent fixture in US

WASHINGTON (AP) — Hiring is exploding in the one corner of the U.S. economy where few want to be hired: Temporary work.

ISS recommends vote for Dell founder's offer

NEW YORK (AP) — A top proxy advisory firm is recommending that Dell shareholders vote in favor of a deal that would allow the company's founder and an investment firm to buy the computer maker and take it private.

NATIONAL POLITICS

Senate immigration bill would remake economy

WASHINGTON (AP) — Landmark immigration legislation passed by the Senate would remake America's workforce from the highest rungs to the lowest, bringing more immigrants into numerous sectors of the economy, from elite technology companies to restaurant kitchens and rural fields.

Immigration, student loan top congressional agenda

WASHINGTON (AP) — Republicans and Democrats will put good will to the test when Congress returns this week to potentially incendiary fights over nominations, unresolved disputes over student loans and the farm bill, and the uncertainty of whether lawmakers have the political will to rewrite the nation's immigration laws.


FRIDAY, JULY 5
STATEWIDE

AG lays out rules for blue lights in funerals

NASHVILLE (AP) - A legal opinion issued by the state Attorney General Bob Cooper outlines exactly when it's legal for blue flashing lights to be used as part of a funeral procession in Tennessee.

NASHVILLE AREA

TSU receives $600K donation for scholarships

NASHVILLE (AP) - Tennessee State University has received a $600,000 donation to be used for scholarships.

2nd phase of common core training starts July 9

NASHVILLE (AP) - State education officials are kicking off the second phase of training teachers on how to implement a new set of common core benchmarks for math and reading.

HEALTH CARE

What now? Q&A about latest snag in health care law

WASHINGTON (AP) — Nothing's ever easy with President Barack Obama's health care law.

AUTO INDUSTRY

5 new features that could be on your next car

DETROIT (AP) — Cameras that check around the car for pedestrians. Radar that stops you from drifting out of your lane. An engine able to turn off automatically at traffic lights to conserve fuel.

NATIONAL BUSINESS

US economy adds 195K jobs; unemployment 7.6 pct.

US economy adds 195K jobs; unemployment 7.6 pct.

Stocks end with strong gains after jobs report

NEW YORK (AP) — The U.S. stock market is closing higher after a bumpy start, with investors encouraged by a big uptick in hiring.

Oil price climbs after strong US jobs report

NEW YORK (AP) — The price of oil marched higher Friday with a positive report on U.S. hiring and ongoing concerns about the crisis in Egypt.

Samsung forecasts record profit but shares tumble

SEOUL, South Korea (AP) — Samsung Electronics Co. reported record quarterly profit Friday but its shares tumbled on doubts its mainstay smartphone business can maintain rapid growth.

NATIONAL POLITICS

White House calls jobs report a sign of recovery

WASHINGTON (AP) — The White House says the June jobs report is good news that further confirms the economic recovery.

EU agrees on talks with US to begin July 8

VILNIUS, Lithuania (AP) — The head of the EU's executive commission says that the European Union and the United States have reached an agreement that talks on trade and concerns over American intelligence activities will begin at the same time on July 8.

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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