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VOL. 38 | NO. 37 | Friday, September 12, 2014

Coverage gap leaves Tennessee hospitals on life support

Closings leave rural areas with little health care, increased unemployment

Four rural hospitals have closed and dozens are at risk of shuttering: That’s the fallout, some say, from Gov. Bill Haslam’s decision not to join the Affordable Care Act in 2013 and tap into millions in promised federal funds for Tennessee’s financially-strapped health care institutions.

Unintended consequences: ER visits increase

Hospital officials have been pushing for the state to expand Medicaid health care coverage for thousands of Tennessee’s poorest citizens, despite two significant and related concerns:

REALTY CHECK

Asking for moon might leave you grounded

There were 3,226 closings in August, Greater Nashville Association of Realtors numbers show, up 4.6 percent from last August. It could have increased 24.6 percent if there were more listings.

Local Weather
Today
Nashville, TN
69°F
Cloudy
Wind: 10 mph
Humidity: 78%

EVENTS

Courtyard Concerts. Food truck fare and free lunchtime music featuring Acoustic songwriters Session with Riders in the Sky. Downtown Library, 615 Church St. The 2014 Courtyard Concerts series, now in its 11th year. Concerts will run every Tuesday, 11:45 a.m.-1 p.m., through Oct. 7. Performances are informal and unseated, so guests can bring lunch and drop in to hear music in the Robinson Courtyard, located on the Library’s second floor. Additional concerts include:

more events »

UT SPORTS

‘Swamp Rat’ still thinks Vols had game-winning kick vs. Oklahoma in ’68 Orange Bowl

KNOXVILLE – University of Tennessee quarterback Dewey “Swamp Rat” Warren stood on the field during a timeout with a few seconds left in the Jan. 1, 1968 Orange Bowl.

Young Vols face long odds at Oklahoma

Two games into the 2014 season, and it’s time for the University of Tennessee to play some big-boy football.

TENNESSEE TITANS

Titans are buying what new coaching staff is selling

The Tennessee Titans did what few believed they could do when they went into Kansas City and dominated the Chiefs on Sunday.

NEWSMAKERS

Capella Healthcare hires 2 to leadership posts

Capella Healthcare has announced the appointment of Troy E. Sybert, MD, MPH, as executive vice president and chief medical officer.

BUSINESS BOOK REVIEW

Avoiding the dangers of a growing business

Your start-up days are long behind you.

GUERRILLA MARKETING

Close the deal with successful follow-up meeting

Considering how hard salespeople have to work to land meetings with a prospective customers, it’s surprising how little effort is typically put into the follow-up with that prospect after the meeting.

FAMILY TRAVEL

The best education comes from traveling

The following message might not be for proponents of formal classroom education.

CAREER CORNER

Grads shouldn’t settle for lower-level jobs

When I talk with millennials who have recently graduated from college, one thing is clear: They’re struggling to figure out what exactly to do next.

THE WORLDLY INVESTOR

Woeful period for US markets

September 8, 2014, S&P 2000 = 11 + 4 percent + 11 percent + 1.5 percent + 2.5 percent. The last five years have been consistently wonderful for the U.S. markets. Over the time period, the S&P 500 has advanced more than 17 percent annually. Only four bull markets (advances uninterrupted by a 20 percent decline) have lasted longer and returned more. What has this bull been eating?

I SWEAR

Go back and turn on those Friday Night Lights

A football spirals in slow motion across the Texas sky. The state championship hangs in the balance. Spoiler alert: If you’ve not watched “Friday Night Lights,” go watch it – all 76 episodes – and then return.

KAY'S COOKING CORNER

You say Timballo, I say Timbale

I don’t profess to be a great Italian cook for a good reason – I’m not Italian. However, you don’t necessarily have to be Italian to whip up some great tasting dishes that can really fool your diners into thinking you’re one excellent Italian cook.

NASHVILLE AREA

Citizen Action hires back former director Mancini

NASHVILLE (AP) — Tennessee Citizen Action has hired back its former executive director Mary Mancini to run a new get-out-the-vote effort.

STATEWIDE

Senate Speaker Ramsey spins wins out of defeats

NASHVILLE (AP) - State Senate Speaker Ron Ramsey has a way of turning spectacular failures into soaring victories.

Tennessee gets grant to ID worker misclassification

NASHVILLE (AP) — Tennessee has received a $499,000 federal grant for efforts to stop worker misclassification.

TECHNOLOGY

'Minecraft' could boost Microsoft's mobile reach

NEW YORK (AP) — Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company.

AUTO INDUSTRY

House panel: Safety agency mishandled GM recall

WASHINGTON (AP) — The agency responsible for safety on the nation's roads was years late in detecting a deadly problem with General Motors cars and lacks the expertise to oversee increasingly complex vehicles, congressional Republicans charged in a report Tuesday.

Self-driving cars now need a permit in California

LOS ANGELES (AP) — Computer-driven cars have been testing their skills on California roads for more than four years — but until now, the Department of Motor Vehicles wasn't sure just how many were rolling around.

NATIONAL BUSINESS

US CEOs less optimistic about hiring, spending

WASHINGTON (AP) — Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter.

Stocks move higher in afternoon as Fed meets

NEW YORK (AP) — U.S. stocks moved higher in afternoon trading Tuesday with energy stocks leading the way. Investors kept an eye on a two-day Federal Reserve meeting that got underway.

US producer prices unchanged in August

WASHINGTON (AP) — A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.

UPS expects to hire up to 95,000 seasonal workers

ATLANTA (AP) — UPS plans to hire up to 95,000 seasonal workers to help with package deliveries during the busy holiday season.

Alibaba investors beware: History not on your side

WASHINGTON (AP) — Chinese e-commerce giant Alibaba is about to launch what may prove the biggest initial public stock offering ever. Yet anyone who expects to get rich from buying into China's high-growth story will be betting against history.

Another Atlantic City bust: Trump Plaza closes

ATLANTIC CITY, N.J. (AP) — Trump Plaza Hotel & Casino closed its doors early Tuesday, the fourth Atlantic City casino to go belly-up so far this year.


MONDAY, SEPTEMBER 15
COURTS

Panel hears discussion on criminal justice reform

NASHVILLE (AP) - Attorneys and law enforcement officials speaking before a legislative panel examining criminal justice reform in Tennessee say the state's sentencing laws need to be reviewed.

Tennessee Supreme Court names Slatery as attorney general

NASHVILLE (AP) - The state Supreme Court on Monday named Republican Gov. Bill Haslam's top legal adviser, Herbert Slatery, as Tennessee's next attorney general.

STATEWIDE

Nonprofit files lawsuit notice for Kingsport plant

NASHVILLE (AP) - The Tennessee Clean Water Network says it is prepared to sue a Kingsport ammunition plant over its continued pollution of local drinking water.

Tennessee voters to decide ban on income tax

NASHVILLE (AP) — Tennesseans are just weeks away from voting on a constitutional amendment to bar lawmakers from ever imposing a state income tax. The November vote approaches as a new study from ratings agency Standard & Poor's suggests that rising income inequality has a stronger negative effect on the states most reliant on sales tax revenues compared with those with those more dependent on income taxes.

Third parties still fighting for ballot access

NASHVILLE (AP) — Four years after the Libertarian Party of Tennessee filed its first lawsuit to get on the ballot, the group is still fighting for access in a state that has some of the most restrictive rules in the country for smaller political parties.

HEALTH CARE

Hurdles for Obama health law in 2nd sign-up season

WASHINGTON (AP) — Potential complications await consumers as President Barack Obama's health care law approaches its second open enrollment season, just two months away.

TECHNOLOGY

Apple: Record 4M orders of iPhones on 1st day

NEW YORK (AP) — Apple had more than 4 million advance orders of its new, larger iPhones in the first 24 hours, exceeding its initial supply, the company said Monday.

Microsoft to buy Minecraft maker for $2.5 billion

NEW YORK (AP) — Microsoft will acquire the maker of the long-running hit game Minecraft for $2.5 billion.

AUTO INDUSTRY

GM expert says 19 deaths eligible for compensation

DETROIT (AP) — The death toll tied to faulty ignition switches in General Motors small cars has risen to 19, according to a compensation expert hired by the company. The number is likely to go higher.

NATIONAL BUSINESS

Once-troubled reverse mortgages poised for rebound

WASHINGTON (AP) — Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions.

Speculation swirls over Fed language on rate hike

WASHINGTON (AP) — When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words:

Stocks mixed ahead of Fed; small companies slump

NEW YORK (AP) — Investors played it safe on Monday ahead of a potentially pivotal Federal Reserve meeting. While large company stocks ended the day little changed, smaller, riskier stocks slumped.

US factory output drops 0.4 percent in August

WASHINGTON (AP) — U.S. manufacturing output declined in August for the first time in seven months, reflecting a sharp fall in production at auto plants.

US wealth gap putting the squeeze on state revenue

WASHINGTON (AP) — Income inequality is taking a toll on state governments.


FRIDAY, SEPTEMBER 12
MIDSTATE

I-65 to be shut in Middle Tennessee next weekend

NASHVILLE (AP) - A portion of Interstate 65 in Middle Tennessee will be closed in both directions next weekend to remove a bridge that was damaged when a truck carrying gasoline hit a vertical support.

STATEWIDE

State treasurer announces college saving incentive

SMYRNA (AP) - State Treasurer David Lillard Jr. is offering an incentive for families to start saving for college.

Open records counsel leaving for new job

NASHVILLE (AP) — Tennessee Open Records Counsel Elisha Hodge is leaving her post to become a legal consultant.

Senate speaker lauds 3 Republican AG candidates

NASHVILLE (AP) - Senate Speaker Ron Ramsey on Thursday voiced support for Republican state attorney general candidates, while refusing to divulge how much he spent on trying to oust members of the Supreme Court who will decide the next AG.

Man pleads not guilty in tainted steroid case

BOSTON (AP) — A pharmacist who worked for a Massachusetts company blamed for a nationwide meningitis outbreak that killed 64 people pleaded not guilty to a mail fraud charge Thursday as his lawyer said he is concerned he could be made a scapegoat.

AUTO INDUSTRY

Nevada governor enacts Tesla tax break package

CARSON CITY, Nev. (AP) — Calling it one of the most important pieces of legislation in Nevada history, Gov. Brian Sandoval signed into law an unprecedented package of incentives to seal a deal to bring Tesla Motors' $5 billion battery factory to the Silver State.

Toyota recalls Tundra pickups to fix air bag problem

DETROIT (AP) — Toyota is recalling about 140,000 Tundra full-size pickup trucks because a plastic trim piece can interfere with the side air bags.

TECHNOLOGY

US threatened Yahoo with huge fine over emails

WASHINGTON (AP) — Yahoo's free email service could have cost the company an extra quarter of a million dollars a day.

NATIONAL BUSINESS

Stocks decline amid interest rate worries

NEW YORK (AP) — The prospect of rising interest rates sent the stock market to its first weekly loss since early August.

US business stockpiles up 0.4 percent in July

WASHINGTON (AP) — Stockpiles held by U.S. businesses rose by a moderate amount in July while sales increased at the fastest pace in three months.

US retail sales rise in August on auto sales

WASHINGTON (AP) — Auto buying drove U.S. retail sales higher in August, a possible sign that job growth in recent months has led to accelerated consumer spending.

US budget deficit dips to $128.7 billion in August

WASHINGTON (AP) — The federal government ran a lower budget deficit this August than a year ago, remaining on track to record the lowest deficit for the entire year since 2008.

4 Reasons shoppers will shrug off Home Depot hack

NEW YORK (AP) — Home Depot's data breach could wind up being among the largest ever for a retailer, but that may not matter to its millions of customers.

Average US 30-year mortgage rate at 4.12 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.

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