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VOL. 37 | NO. 33 | Friday, August 16, 2013

The King's new court

Before his fall, Jody Faison dominated Nashville’s restaurant scene. Act 2: New law practice, fresh outlook

In his heyday, Jody Faison’s employees called him “King,” and Faison indeed ruled – and, in many ways, created – Nashville’s modern-day restaurant scene.

Experts agree: Faison changed the Nashville restaurant scene

When Jody Faison launched Faison’s in the early 1980s, he essentially founded the Nashville independent restaurant landscape, several longtime Nashville food industry veterans say.

The expert’s advice: Hot chicken, Wendell Smith's, Urban Grub

So where does Jody Faison, the one-time Restaurant King of Nashville, send his friends for dinner these days?

Nigerian-born Stratford grad helps fellow Metro students find path to college

Like most newly-minted law school graduates, Olatayo Atanda wants to make meaningful impact in his community. He’s off to a good start.

Local Weather
Today
Nashville, TN
72°F
Partly Cloudy
Wind: 8 mph
Humidity: 40%

EVENTS

Free Legal Clinic: The Lipscomb University Institute for Law, Justice and Society is hosting a free legal advice clinic in Lipscomb University’s Swang Chapel in the Ezell Center, 5:30-8:30 p.m. Six volunteer attorneys will be available to meet with clients and discuss legal problems, answer questions, explain legal rights or review legal documents. The public can come to the clinic with questions on immigration, conflict disputes, debt issues, inheritance or tax issues, or any other type of simple legal matter. Clients should bring any papers that deal with the problem. Lawyers may only have 10 to 15 minutes to talk to each person. They will not be available to take on cases presented by clients at the clinic, and they won’t be able to go to court with clients from the clinic. Free parking is available on campus, and the Lipscomb University campus has a Metro bus stop on Belmont Boulevard, at the softball field entrance adjacent to the Ezell Center. Information: spivey@lipscomb.edu, 966-2503.

more events »

REAL ESTATE

Middle Tennessee real estate sales rise despite contented homeowners staying put

Rising interest rates are putting the brakes on home sales across the country this summer, but the Nashville region has the opposite problem. There are too many buyers and not enough houses for sale.

Top Midstate residential real estate transactions for July 2013

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

REALTY CHECK

Pride goeth before the sale in real estate

Putting a house on the market can be frightfully maddening. Having a group of people with varying tastes, interests and needs evaluate and – even worse – opine on the condition of something that has been loved and nurtured by the homeowner can be even more disheartening.

NEWSMAKERS

J. Alexander’s promotes chief financial officer

J. Alexander’s LLC, operator of J. Alexander’s restaurants and Stoney River Legendary Steak restaurants, has announced the promotion of Mark A. Parkey to vice president and CFO. He was most recently vice president and controller of J. Alexander’s Corporation.

TERRY McCORMICK

Like 'Dare McNair' before, foes will ‘Make Jake,’ Titans win with arm

Once upon a time the Tennessee Titans were regarded as a reasonably talented team that could only go as far as a young and erratic quarterback could take them.

BUSINESS BOOK REVIEW

They’re hiring someone, just not you

By now, you should be used to hearing “no.”

GUERRILLA MARKETING

CEOs say inbound marketing pays off

Forty-one percent of CMOs and CEOs report inbound marketing produced a measurable ROI in 2013, with half indicating an increased spend this year, according to HubSpot’s fifth annual State of Inbound Marketing Report.

THE WORLDLY INVESTOR

Leading indicators to watch this fall

Now that earnings season has essentially ended, the stock market needs a new muse.

SMART STUFF 4 WORK

The lessons found in the traffic light

Most traffic lights use a three-color system – red, yellow and green – in an attempt to control the flow of traffic through an intersection. Red, in this case, is the traffic light color that instructs moving vehicles to stop. This seems to be a simple system, and it is simple on the surface.

I SWEAR

They really said that? In a courtroom? Believe it

Sometimes, we must go back to our roots. The roots of “I Swear,” the column, are in the actual dialogue between lawyers and people who are under oath. Those who, in essence, tacitly add “I swear” to everything that they say.

KAY'S COOKING CORNER
MIDSTATE

Jack Daniel's prepares for its largest expansion

LOUISVILLE, Ky. (AP) — One of the world's most famous whiskey-makers is getting a $100 million shot in the arm.

NATIONAL BUSINESS

Stock market gains on better global growth outlook

NEW YORK (AP) — Stocks rose in early trading on Wall Street after encouraging economic figures from Asia and Europe boosted the outlook for global growth.

Solid figures from China, Europe shore up markets

LONDON (AP) — Solid economic figures out of China and Europe helped lift the mood in financial markets Thursday in a week when investors have been largely fretting over when the U.S. Federal Reserve will start to reduce its monetary stimulus.

Oil rises above $104 as China factories ramp up

Benchmark oil for October delivery reversed early losses and was up 65 cents to $104.51 per barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped $1.26 to close Wednesday at $103.85.


WEDNESDAY, AUGUST 21

NATIONAL BUSINESS

Fed seems on track to slow bond buys by year's end

WASHINGTON (AP) — The Federal Reserve appears on track to slow its bond purchases by the end of this year if the economy continues to improve. But it remains divided over the exact timing of the move.

Dow sinks for sixth day as traders ponder Fed exit

NEW YORK (AP) — Stocks fell sharply Wednesday after the Federal Reserve disclosed that its top officials were mostly in agreement that the central bank should end its massive bond-buying program.

Target's 2Q profit falls 13 pct on shopper caution

NEW YORK (AP) — Target Corp. muted its annual profit forecast Wednesday after reporting a 13 percent drop in second-quarter profits as the cheap-chic retailer deals with cautious shoppers.

Oil extends losses below $105 per barrel

BANGKOK (AP) — The price of oil fell again Wednesday as traders hunkered down and waited for news of when the U.S. economy might be weaned off the Fed's stimulus program.

US home sales hit 5.39M in July, highest since '09

WASHINGTON (AP) — U.S. sales of previously occupied U.S. homes surged in July to a seasonally adjusted annual rate of 5.39 million, approaching a healthy level for the first time since November 2009. The spike in home sales shows housing continues to drive the economy.

AUTO INDUSTRY

Cummins to add 500 jobs building Nissan turbo V8

COLUMBUS, Ind. (AP) — Cummins Inc. plans to add 500 jobs over several years to build V8 turbo diesel engines for Nissan Motor Co.'s next generation Titan pickup truck, the Columbus-based engine maker said Tuesday.

NATIONAL POLITICS

Scott Walker headed to Franklin for fundraiser

MADISON, Wis. (AP) — Wisconsin Gov. Scott Walker is making a trip down south on Friday to hit a fundraiser in Tennessee and then give a speech in Alabama.

STATEWIDE

Dollywood to build resort, add shows and rides

NASHVILLE — To see the future of Dollywood, you need to borrow the vision of its chief imaginer, Dolly Parton.

Tennessee college readiness short of US marks

NASHVILLE (AP) — This year's Tennessee high school graduates have fallen short of national results for ACT college readiness benchmarks.


TUESDAY, AUGUST 20

Why the stock market is having a chilly August

NEW YORK (AP) — It's been a chilly August for the stock market.

Stocks edge higher after 4 days of declines

NEW YORK (AP) — Stocks are closing mostly higher on Wall Street after better results from Best Buy and other retailers.

Oil drops 2 percent as Fed policy signal awaited

Oil drops 2 percent as Fed policy signal awaited

STATEWIDE

State Rep. Joe Carr announces US Sen. Alexander challenge

NASHVILLE (AP) — Sen. Lamar Alexander's efforts to ward off a primary challenge from the right fell short Tuesday with Tennessee state Rep. Joe Carr's announcement that he will mount a tea party challenge for the Republican nomination for the U.S. Senate.

REGION

Walking horse group accepts soring penalties

NASHVILLE (AP) — The organization that sanctions the Tennessee Walking Horse National Celebration has decided to adopt the minimum soring penalties proposed by the U.S. Department of Agriculture.


MONDAY, AUGUST 19

NATIONAL BUSINESS

Stocks drop for fourth day in a row

NEW YORK (AP) — U.S. stocks dropped for a fourth day in a row Monday as investors continued to express worry about the recent rise in bond yields. Banking stocks also dragged down the broader market.

Oil falls near $107 a barrel; pump price steady

NEW YORK (AP) — The price of oil fell for the first time in more than a week Monday, slipping near $107 a barrel.

Al-Jazeera America prepares for Tuesday launch with Seigenthaler

NEW YORK (AP) — In a warren of offices at a former bank building near Madison Square Garden, dozens of journalists are at work on gleaming new electronic equipment, ready to turn their test runs of Al-Jazeera America into the real thing.

STATEWIDE

Haslam OK delaying licensure rules implementation

NASHVILLE (AP) — Gov. Bill Haslam says he supports a decision by the Tennessee Board of Education to delay the implementation of new rules on teacher licensure until 2015.

Tea party group seeks senatorial candidate

NASHVILLE (AP) — Tea party groups in Tennessee and national conservative organizations are looking for a primary election candidate to challenge U.S. Sen. Lamar Alexander.

NASHVILLE AREA

Fort Campbell soldier charged with aiding bribery

LOUISVILLE, Ky. (AP) — An American soldier has been charged with taking part in an alleged scheme to divert fuel trucks from a military base in Afghanistan to others in exchange for money.

MIDSTATE

NCAA reverses course on Marine playing at MTSU

MURFREESBORO (AP) — The NCAA has ruled that a Middle Tennessee football player who spent five years in the Marines will be allowed to compete this fall and that he will have four years of eligibility remaining.


FRIDAY, AUGUST 16

Night out nets new friends, great recipe

Last Friday night, Don and I had a funeral visitation we had to attend around six o’clock. Afterwards, since we were pretty “dressed-up” and all, we decided to make it a date night. After all, who wants to be showered and dressed on a Friday night for only about an hour? We felt like we needed to take advantage of the situation.

NASHVILLE AREA

Deane, Smith and Partners expanding into Mississippi

JACKSON, Miss. (AP) — Deane, Smith and Partners, a public relations, marketing, advertising and branding agency based in Nashville, has opened an office in Mississippi's capital city.

STATEWIDE

Tennessee school superintendents want appeal for coding errors

NASHVILLE (AP) - A school superintendents group says nearly four dozen Tennessee public school districts would have appealed coding errors relating to TCAP test results if that were an option.

Ethics complaint filed against Gov. Haslam

NASHVILLE (AP) - Former state Democratic Party Chairman Chip Forrester is bringing ethics and campaign-finance complaints against Gov. Bill Haslam for failing to disclose how much he has paid his former chief campaign strategist for political advice in the years following the 2010 election.

Haslam awards more than $1.6M to improve parks

NASHVILLE (AP) — Gov. Bill Haslam is awarding more than $1.6 million in grants to improve Tennessee parks and recreational areas.

Tennessee gets award for state budget document

NASHVILLE (AP) — Tennessee has once again received a national award for its annual state budget document.

2 Tennessee Navigator groups to get nearly $2M

NASHVILLE (AP) - The Tennessee Primary Care Association and Structured Employment Economic Development Corporation are two organizations that will be helping Tennessee residents understand their new insurance opportunities and get signed up.

COURTS

US judges urge Congress to give courts more money

WASHINGTON (AP) — Top federal judges in 49 states are urging lawmakers to avoid another round of automatic spending cuts that would have a "devastating and long-lasting impact" on the federal courts.

Complaint filed against Tennessee judge who changed baby's name

NASHVILLE (AP) — A Wisconsin-based nonprofit association of atheists and agnostics says it has filed a complaint against a Tennessee magistrate for changing a baby's name from Messiah to Martin.

AUTO INDUSTRY

Ford to restate hybrid gas mileage

DETROIT (AP) — Ford will reduce gas mileage estimates for its C-Max hybrid, following a government investigation into consumer complaints that the car's actual mileage was lower, a person familiar with the matter said Thursday.

NATIONAL BUSINESS

Stocks fall, sending Dow to worst week of year

NEW YORK (AP) — Stocks ended a tough week on a down note Friday, hurt by retailers and companies that are sensitive to rising interest rates. The Dow Jones industrial average had its worst week of the year.

Oil rises for 6th day in a row

The price of oil rose for the sixth consecutive day Friday on continuing violence in Egypt and supply disruptions elsewhere in the Middle East and North Africa.

AOL's Patch local news site to lay off up to 500

NEW YORK (AP) — AOL Inc. is laying off up to half the workforce at its Patch local news sites and shuttering or consolidating roughly 150 of the 900 sites while looking for partners for others.

Judge won't fast-track Icahn claim against Dell

WILMINGTON, Del. (AP) — A Delaware judge on Friday dealt a blow to activist investor Carl Icahn's effort to stop CEO and founder Michael Dell's $24.8 billion buyout offer for the struggling computer maker.

Power companies dangle free nights and weekends

NEW YORK (AP) — Electric bills have long been take-it-or-leave-it affairs: Pay one rate for all the power you used the month before, no matter when you used it.

US builders broke ground on more homes in July

WASHINGTON (AP) — U.S. developers broke ground on homes at a faster pace in July. But the rise was all due to apartment construction, which is typically volatile. By contrast, builders began work on fewer single-family homes — the bulk of the market — and sought fewer permits to build them.

US worker productivity up modestly in April-June

WASHINGTON (AP) — U.S. worker productivity accelerated to a still-modest 0.9 percent annual pace between April and June after dropping the previous quarter.

Judge questions giving OK to AMR bankruptcy plan

NEW YORK (AP) — Lawyers for American Airlines pressed a judge Thursday to approve the company's plan to merge with US Airways and exit bankruptcy protection, but the judge delayed a ruling because of the federal government's lawsuit against the merger.

Facebook to test mobile payments service

NEW YORK (AP) — Facebook plans to test a mobile payments service that lets users make purchases inside mobile applications using payment information they have added to their account on the social network.

Digital era threatens tenuous future of drive-ins

LANCASTER, Ohio (AP) — Through 80 summers, drive-in theaters have managed to remain a part of the American fabric, surviving technological advances and changing tastes that put thousands out of business. Now the industry says a good chunk of the 350 or so left could be forced to turn out the lights because they can't afford to adapt to the digital age.

Dell's 2Q earnings fall 72 pct amid PC sales slide

SAN FRANCISCO (AP) — Dell's woes worsened during its most recent quarter as the slumping personal computer maker resorted to rampant price cutting to slow a sales decline driven by a growing reliance on smartphones and tablets to connect to the Internet and perform other technological tasks.

Fewest Americans since 2007 seek jobless benefits

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dropped 15,000 last week to a seasonally adjusted 320,000, the fewest since October 2007 — a sign of dwindling layoffs and steady if modest job growth.

US homebuilder confidence nears 8-year high

Confidence among U.S. homebuilders is at its highest level in nearly eight years, fueled by optimism that demand for new homes will drive sales growth into next year.

Average rate on 30-year US mortgage stays 4.4 pct.

WASHINGTON (AP) — Average rates on U.S. long-term fixed mortgages remained steady for a second straight week, giving prospective home buyers more time to lock in historically low levels.

White House to get some power from sun

WASHINGTON (AP) — A promise to help power the first family's residence with the sun is finally seeing the light of day.

NATIONAL POLITICS

High-profile task force backs path to citizenship

WASHINGTON (AP) — A high-profile bipartisan task force chaired by former governors and Cabinet secretaries endorsed eventual citizenship for immigrants living in the U.S. illegally as part of a package of recommendations Thursday.

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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