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VOL. 37 | NO. 34 | Friday, August 23, 2013

Singing for their supper

Live music finds its way to the living room as Nashville artists join national House Party trend

Nashville rock stalwart Tommy Womack has brought hard-rocking poetry and late-night joy to fan-jammed clubs and halls, large and legendary, for decades thanks to splendid outfits like much-lamented Government Cheese, the bis-quits and – currently – DADDY.

At-home gigs can create level of stress

Jon Byrd is quick to praise house concerts for providing an income source for a wandering country heartache troubadour.

Couple opens home to Nashville singers

Music and dog enthusiast Van DeLisle, who hosts many Nashville artists in his “performers’ apartment” downstairs from the flat he shares with his wife, got the house concert bug thanks to Edie Carey and a room filled with lesbians.

Dean reveals amphitheater plans for riverside site

A 12-acre park – including an amphitheater, green space and greenways – was announced by Mayor Karl Dean today for Nashville’s old thermal transfer plant site between 1st Avenue and the Cumberland River.

WELD offers ‘arts collective’

The idea of business-startup space is not new.

Local Weather
Today
Nashville, TN
64°F
Fair
Wind: 7 mph
Humidity: 52%

EVENTS

Third Annual Health Care Reform Seminar. A panel of experts from different corners of the industry will provide practical advice on what employers and individuals should be doing to prepare for reform. Panelists are:James Blumstein, a health care and constitutional law professor at Vanderbilt University; Tennessee Sen. Jim Tracy; Chris Ramsey, director of the Office of Health Care Reform for Blue Cross/Blue Shield of Tennessee;Alex Tolbert, founder of Bernard Health, the country’s first independent health care retail store. Networking/breakfast begins at 7:30 a.m., followed by the seminar (8:45-10 a.m.). Hilton Garden Inn, 1715 Broadway, Nashville.

more events »

REALTY CHECK

Clients: Candor counts so listen to the experts

Many Realtors are intimidated by their clients and are, to borrow a term used by Stephen Stills at Woodstock, scared witless. He actually used another term, but for today’s purposes, witless works better.

THE WORLDLY INVESTOR

Mark Sept. 18 on 2013 calendar

Last week, we discussed the recent upshift in the global economy. The next major moment for the market will occur on Sept. 18 when 65 percent of economists expect that the Fed will announce a “tapering” of its quantitative easing program. The movement in the 10-year Treasury bond interest rate confirms this expectation as rates have now climbed to 2.84 percent, up from 1.6 percent three months ago.

NEWSMAKERS

Yarbrough, Little join new Bone McAllester group

Attorneys Ed Yarbrough and Alex Little have joined Bone McAllester Norton PLLC, creating a new division of criminal defense and government investigations.

GUERRILLA MARKETING

Consultative sales reps always ask the right questions

The Internet has created an unprecedented power shift in the marketplace. Gone are the days where the salesperson alone carries the lion’s share of the knowledge about the products and services he’s selling and therefore holds the power in a sales exchange.

TERRY McCORMICK

Hot, trendy threads keep Vols in style

Last week, the University of Tennessee succumbed to college football’s dark side.

I SWEAR

New Yorker column on aging worth remembering

In an article titled "Mentally Fit" in the July 29, 2013, issue of The New Yorker, Patricia Marx writes, "[A] study of six hundred and seventy-eight elderly nuns analyzed essays they’d written in their twenties and found that the sisters who had used the most linguistically complex sentences tended to have the lowest incidence of Alzheimer’s, which is why I’ve added this unnecessary subordinate clause even though it’s been a long time since I was in my twenties."

KAY'S COOKING CORNER

Tomato overcomes ‘poison’ label to flourish

Cherry, Big Boys, Grape, Beefsteak, Brandywine, Plum - homegrown tomatoes are here, and I, for one, am plum tickled. One of my favorite ways of eating one is between two slices of Wheatberry bread with nothing but mayo, salt and pepper; however, that might be a toss up with sliced on a plate sandwiched between real mozzarella, fresh basil, sea salt and freshly ground black pepper, and then drizzled with olive oil. Yum, yum!

STATE LEGISLATURE

Former Speaker Williams to retire from Tennessee House

NASHVILLE (AP) - State Rep. Kent Williams, whose election as House speaker in 2009 shocked and infuriated fellow Republicans, says he won't seek a fifth term.

MIDSTATE

Tractor Supply plans two-for-one stock split

BRENTWOOD (AP) - Tractor Supply, a retailer for farmers and ranchers, said Thursday it will conduct a two-for-one stock split in September.

NASHVILLE AREA

Vanderbilt urging campus safety, passing out green dots

NASHVILLE (AP) - A coalition of Vanderbilt University groups is urging people to wear green dots to the football season opener against Mississippi.

STATEWIDE

Highway construction paused Friday-Monday for Labor Day

NASHVILLE (AP) - TDOT has told contractors and its own crews to knock off work at noon on Friday for the Labor Day weekend.

AUTO INDUSTRY

Stats show Americans not that into driving anymore

WASHINGTON (AP) — Driving in America has stalled, leading researchers to ask: Is the national love affair with the automobile over?

Ford to make Fusion in US for first time

FLAT ROCK, Mich. (AP) — For the first time, Ford is making its Fusion sedan in the U.S.

Toyota says new Prius, fuel cell car due in 2015

YPSILANTI, Mich. (AP) — Toyota has two important vehicles coming in 2015: the next-generation Prius hybrid and the company's first hydrogen fuel cell car.

NATIONAL BUSINESS

Stronger economic reports push stock market higher

NEW YORK (AP) — The stock market rose Thursday as positive economic reports outweighed worries about escalating tensions with Syria.

Judge likely to approve American Airlines bankruptcy exit

NEW YORK (AP) — A federal judge signaled Thursday that he is leaning toward approving American Airlines' emergence from bankruptcy protection but wanted more time to reflect.

Average US rate on 30-year mortgage at 4.51 pct.

WASHINGTON (AP) — Average U.S. rates for fixed mortgages declined this week but stayed close to their highest levels in two years.

US banks earn record $42.2B in 2nd quarter

WASHINGTON (AP) — U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans.

Applications for US unemployment aid fall to 331K

WASHINGTON (AP) — The number of Americans seeking unemployment benefits remained near the lowest level in more than five years last week, a sign that companies are cutting few jobs.

US economy grew at 2.5 percent rate in spring

WASHINGTON (AP) — The U.S. economy grew at a 2.5 percent annual rate from April through June, much faster than previously estimated. The steep revision was largely because U.S. companies exported more goods and imports declined.

Oil retreats from 2-year high, falls below $110

The price of oil fell to near $109 a barrel Thursday, easing off a two-year high, after official figures showed a rise in U.S. crude inventories.

Fast-food protests under way

NEW YORK (AP) — Fast-food protests are under way in cities including New York, Chicago and Detroit, with organizers expecting the biggest national walkouts yet in a demand for higher wages.

Ackman loses half his investment in Penney sale

NEW YORK (AP) — It's official. J.C. Penney's biggest investor and former board member Bill Ackman is through with the retailer, selling his entire 18 percent stake to Citigroup and taking a more than $400 million bath on the deal.


WEDNESDAY, AUGUST 28
NASHVILLE AREA

UBS creating Nashville hub, adding 1,000 jobs

NASHVILLE (AP) - Financial services firm UBS AG on Wednesday announced it will consolidate back office functions in Nashville, creating 1,000 jobs in the city over the next five years.

Business leaders make case for immigration reform

NASHVILLE (AP) - Prominent business leaders and Republicans held a forum in support of immigration reform on Wednesday.

Nashville Symphony musicians agree to pay cut

NASHVILLE (AP) - The Nashville Symphony has reached agreement with the Nashville Musicians Association on a new one-year labor contract.

Nashville to adopt perpetual school calendar

NASHVILLE (AP) — The Metro Nashville school board still hasn't adopted a calendar for the next school year, but members did agree to stop the yearly wrangling over one.

COURTS

Haslam names Goldin to Tennessee appeals court

NASHVILLE (AP) - Gov. Bill Haslam has named Shelby County chancellor Arnold B. Goldin to fill an upcoming vacancy in the western section of the Tennessee Court of Appeals.

MIDSTATE

Gap Inc. to expand distribution center in Gallatin

NASHVILLE (AP) - State business development officials say clothing retailer Gap Inc. plans to expand operations at its distribution center in Gallatin, creating about 90 jobs in the process.

REGION

Jack Daniel's maker posts lower 1st-qtr earnings

LOUISVILLE, Ky. (AP) — Liquor producer Brown-Forman Corp. said Wednesday its first-quarter net income fell 3 percent, missing Wall Street forecasts, because of lower sales for a range of spirits compared with a year ago, when retailers stocked up ahead of price increases.

AUTO INDUSTRY

GM says almost-driverless cars coming by 2020

MILFORD, Mich. (AP) — Sometime before the end of this decade, General Motors will put a car on the road that can almost drive itself.

Nissan pledges to make self-driving cars by 2020

IRVINE, Calif. (AP) — Nissan Motor Co. says it will make cars that drive themselves by 2020.

NATIONAL BUSINESS

Brokerage giant settles discrimination lawsuit

CHICAGO (AP) - Lawyers for hundreds of black financial advisers have reached a $160 million settlement in a lawsuit accusing Wall Street brokerage giant Merrill Lynch of racial discrimination, a plaintiffs' attorney said Wednesday.

Pending sales of US homes slip but remain solid

WASHINGTON (AP) — Fewer Americans signed contracts to buy U.S. homes in July, but the level stayed close to a 6 ½-year high. The modest decline suggests higher mortgage rates have yet to sharply slow sales.

Stocks close higher as Syria, oil worries linger

NEW YORK (AP) — The stock market edged higher Wednesday as investors continued to focus on the likelihood of a U.S.-led attack on Syria. Energy stocks rose sharply as the price of oil increased to the highest in more than two years.

Oil briefly surges past $112 in hectic trading

The price of oil briefly surged past $112 a barrel Wednesday before giving up most of its gains while the U.S. seemed to edge closer to intervening in Syria's civil war.

Labor rules to boost employment for vets, disabled

WASHINGTON (AP) — Veterans and disabled workers who often struggle to find work could have an easier time landing a job under new federal regulations.

Hackers take credit for NY Times, Twitter outages

SAN JOSE, Calif. (AP) — Readers who tried to click on the New York Times' website got nothing but error messages for several hours during the site's second major disruption this month, and people also had trouble accessing Twitter. A hacker group calling itself the "Syrian Electronic Army" claimed responsibility.


TUESDAY, AUGUST 27
MIDSTATE

Franklin-based Chatwell to build downtown Kansas City hotel

KANSAS CITY, Mo. (AP) - A Tennessee developer is planning the first new hotel building in downtown Kansas City since 1985.

COURTS

Haslam names Montgomery to criminal appeals court

NASHVILLE (AP) - Gov. Bill Haslam has named Robert "Rob" H. Montgomery Jr. to fill an upcoming vacancy in the eastern section of the Tennessee Court of Criminal Appeals.

Tennessee court administrator to retire by end of year

NASHVILLE (AP) - The head of the Tennessee Administrative Office of the Courts is retiring by the end of the year.

AUTO INDUSTRY

Mazda gets boost from plant that produces a car every 54 seconds

HOFU, Japan (AP) — Mazda, the longtime also-ran of Japanese automakers, says it came up with innovations in nearly every step of auto manufacturing for a super-efficient assembly line that rolls off vehicles at a stunning rate of one every 54 seconds.

NATIONAL BUSINESS

US seeks to delay airline-merger trial until March

DALLAS (AP) — The U.S. government wants to wait until March for a trial on its lawsuit aimed at blocking the merger of American Airlines and US Airways, a deal that would create the world's biggest airline.

Mounting tensions with Syria sink US stocks

NEW YORK (AP) — Fears of an escalating conflict in Syria rippled across financial markets on Tuesday, sinking stocks, lifting gold and pushing the price of oil to the highest in a year and a half.

Oil climbs above $109 a barrel on Syrian crisis

The price of oil closed above $109 a barrel, its highest level in a year and a half, as the U.S. edged closer to intervening in Syria's civil war.

US consumer confidence rises in August

WASHINGTON (AP) — Americans' confidence in the economy inched closer to a 5½-year high on growing optimism that hiring and wages could pick up in coming months.

US home prices rise strong 12.1 percent in June

WASHINGTON (AP) — U.S. home prices rose 12.1 percent in June from a year earlier, nearly matching a seven-year high. But month-over-month price gains slowed in most markets, a sign that higher mortgage rates may weigh on the housing recovery.

Sprint eliminating 800 customer-service jobs

NEW YORK (AP) — Sprint says it's eliminating about 800 customer service jobs because fewer people are calling its centers. With growth in other parts of the business, Sprint says it expects the company's work force to remain at about 40,000.

Ex-JPMorgan trader arrested in Spain

MADRID (AP) — A former JPMorgan Chase & Co. trader wanted by the United States for allegedly falsifying bank records to cover up $6 billion in trading losses was arrested in Madrid Tuesday, Spanish police said.

Tiffany 2Q profit rises, helped by China growth

NEW YORK (AP) — Tiffany & Co.'s fiscal second-quarter net income climbed a stronger than expected 16 percent, driven by strong sales in China. The high-end jewelry company also boosted its full-year earnings forecast.

Ackman to raise up to $504.4M from Penney stake

NEW YORK (AP) — J.C. Penney's biggest investor, William Ackman, plans to raise up to about $504.4 million from the sale of his entire stake in the struggling department store operator.

NATIONAL POLITICS

Conservative group presses McConnell on health law

WASHINGTON (AP) — A conservative group is launching a radio ad challenging Senate Republican leader Mitch McConnell to oppose any money for President Barack Obama's health care law even if it means triggering a government shutdown.

Facebook: Governments demanded data on 38K users

WASHINGTON (AP) — Government agents in 74 countries demanded information on about 38,000 Facebook users in the first half of this year, with about half the orders coming from authorities in the United States, the company said Tuesday.


MONDAY, AUGUST 26
MIDSTATE

Cracker Barrel rejects Biglari's nominees

LEBANON (AP) - Cracker Barrel Old Country Store Inc. said Monday that a long-time board member won't seek another term and that it plans to shrink the size of its board. The restaurant chain operator also said that its board voted against adding shareholder Sardar Biglari and his ally to its slate of director nominees.

STATEWIDE

Finance complaints against Haslam, Campfield seen

NASHVILLE (AP) - The Tennessee Registry of Election Finance will determine whether to fine Gov. Bill Haslam and state Sen. Stacy Campfield.

2 rafting deaths in 2 days on Ocoee River

BENTON (AP) — Authorities say two women have died in two days while rafting on the Ocoee River in Tennessee.

NASHVILLE AREA

Ex-Titan Bulluck charged with robbery

NASHVILLE (AP) — Metro Nashville Police have charged former Tennessee Titans linebacker Keith Bulluck with felony robbery after a cab driver accused him of taking money during an argument.

REGION

Kroger cookie dough recalled because of peanuts

OMAHA, Neb. (AP) — ConAgra Foods Inc. is recalling some Kroger's Break 'N Bake chocolate chip cookie dough packages, because they contain peanuts.

NATIONAL BUSINESS

Economists: future deficits top US fiscal problem

NEW YORK (AP) — The biggest fiscal challenge facing the U.S. is the size of projected deficits in the 2020s and 2030s, according to a survey of business economists.

US stocks sag following Kerry remarks on Syria

NEW YORK (AP) — The stock market is closing slightly lower after Secretary of State John Kerry ratcheted up pressure against Syria.

Oil edges below $106 a barrel

The price of oil dipped below $106 a barrel Monday as traders weighed disappointing U.S. orders for durable goods and the potential for international intervention in Syria.

Orders for long-lasting US factory goods plunge

WASHINGTON (AP) — Orders for long-lasting U.S. factory goods fell sharply last month as demand for commercial aircraft plummeted and businesses spent less on computers and electrical equipment.

NY AG sues Trump, 'Trump University,' claims fraud

ALBANY, N.Y. (AP) — New York's attorney general sued Donald Trump for $40 million Saturday, saying the real estate mogul helped run a phony "Trump University" that promised to make students rich but instead steered them into expensive and mostly useless seminars, and even failed to deliver promised apprenticeships.

First woman member of the NYSE Siebert dies at 80

NEW YORK (AP) — Muriel "Mickie" Siebert, who started as a trainee on Wall Street and became the first woman to own a seat on the New York Stock Exchange, has died of complications of cancer at age 80.


FRIDAY, AUGUST 23
NATIONAL BUSINESS

Stocks end higher on Wall Street; Microsoft jumps

NEW YORK (AP) — Stocks are ending with modest gains on Wall Street after recovering from an early stumble caused by a poor report on the housing market.

US new-home sales plunge as mortgage rates rise

WASHINGTON (AP) — Americans cut back sharply in July on their purchases of new homes, a sign that higher mortgage rates may weigh on the housing recovery.

Nasdaq breakdown puts pressure on crisis work

WASHINGTON (AP) — The latest high-tech disruption in the financial markets increases the pressure on Nasdaq and other electronic exchanges to take steps to avoid future breakdowns and manage them better if they do occur.

Oil remains above $105 ahead of US housing data

BANGKOK (AP) — The price of oil rose Friday ahead of house sales figures that could show further improvement in the U.S. economy.

Microsoft says CEO Ballmer to retire in 12 months

NEW YORK (AP) — Microsoft CEO Steve Ballmer, who took over the helm of the world's largest software company from founder Bill Gates, will retire within the next 12 months.

NATIONAL BUSINESS

Wal-Mart pushes 'made in America' at summit

ORLANDO, Fla. (AP) — Wal-Mart Stores Inc. spearheaded an effort Thursday to bring together retailers, suppliers and government officials so they can figure out how to bring more manufacturing jobs to the United States.

Nasdaq trading halts; stocks up on positive data

NEW YORK (AP) — The stock market rose Thursday but it was a glitch on the Nasdaq exchange that became the day's big talking point.

UPS to end health coverage for some spouses

DALLAS (AP) — United Parcel Service Inc. is ending health-insurance benefits for U.S. nonunion employees' spouses who can get coverage elsewhere. It blames the change on the new health-care law.

Nasdaq to resume trading after outage

NEW YORK (AP) — The Nasdaq stock exchange is saying it plans to resume trading at 3:10 p.m. after a nearly three-hour outage caused by a technical problem.

JC Penney adopts 'poison pill'

PLANO, Texas (AP) — Struggling retailer J.C. Penney is adopting a plan to prevent a takeover attempt just two days after reporting its sixth straight quarter of big losses and steep revenue declines.

Measure of US economy's health rose in July

WASHINGTON (AP) — A gauge of the U.S. economy's health rose in July, pointing to stronger growth in the second half of the year.

US unemployment aid applications rise to 336,000

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week after reaching the lowest level in 5 ½ years. But the broader trend suggests companies are laying off fewer workers and could step up hiring in the months ahead.

Oil rises more than $1; pump prices inch higher

NEW YORK (AP) — The price of oil rose for a second straight day Friday. Meanwhile, gasoline prices ticked higher as the summer driving season winds down.

REGION

TVA board votes for 1.5 percent rate increase

(AP) — The Tennessee Valley Authority's board of directors voted Thursday to increase its base rate by 1.5 percent, the first increase by the nation's largest public utility in two years.

Jack Daniel's prepares for its largest expansion

LOUISVILLE, Ky. (AP) — Jack Daniel's is being served a $100 million-plus expansion of its rural Tennessee distillery to flex more muscle in the growing whiskey market.

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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