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VOL. 35 | NO. 44 | Friday, November 4, 2011

Feeling Nashville's pull

Already a magnet for international residents, the area’s in-migration is really moving too

There is a widely held belief that an influx of folks from outside the United States is what caused Nashville-area population to swell over the past 30 years or so. That is not entirely correct.

Quickly, quietly, Nashville’s become an international city

It’s no secret that Nashville is fast becoming an international city.

GREEN BUSINESS

Earth-minded niche marketing company finding sustainability

A newspaper reporter-turned-marketing pro, Mark Thien knows how to tell a good story. He has built a solid career listening to what a subject or client has had to say, and conveying that as accurately and enticingly as possible.

Local Weather
Currently
Nashville, TN
50.0°F
Overcast
Wind: West at 9.2 mph
Humidity: 52%

EVENTS

Being Elmo. Each and every day, millions of kids tune in to Sesame Street to see a furry red monster named Elmo. Yet, with all of Elmo’s fame, the man behind the Muppet is able to walk down the street without being recognized. Until now that is. The Belcourt Theater presents Being Elmo: A Puppeteer’s Journey through tonight. More details at belcourt.org

more events »

TERRY McCORMICK

Titans’ brass can share blame for CJ’s woes

For those looking to point fingers, the Tennessee Titans organization may be partly to blame for the current situation involving Chris Johnson’s lack of rushing success.

BUSINESS & FINANCE

Optimism helps sustain private equity industry

Middle Tennessee’s private equity industry showed no signs of slowing in the 1990s and early 2000s, but a number of factors, chiefly the recent rocky economic recession, have prevented several major firms from raising follow-up funds.

TNInvestco’s future may rest with current governor

Tennessee’s TNInvestco program emerged amid much fanfare from former Gov. Phil Bredesen’s administration after Matt Kisber, then commissioner of the Department of Economic and Community Development (ECD), joined with the state General Assembly to create legislation to boost the stream of capital to the state’s inventive new companies that are in the early stage of development.

NEWSMAKERS

Ingrams honored as top philanthropists

Centerstone, the nation’s largest not-for-profit provider of community-based mental health and addiction services, today announced that board chair Lee Ann Ingram and her husband Orrin have been named Philanthropists of the Year by the Association of Fundraising Professionals (AFP) Nashville Chapter. The couple will be honored during the chapter’s annual National Philanthropy Day (NPD) luncheon on Nov. 10 at the Hutton Hotel.

REALTY CHECK

Have lenders’ good faith estimates gone bad?

Following the crash of the U.S. economy, the federal government decided to revamp the process through which its citizens could borrow money for the purchase of homes.

I SWEAR

Clues to better mental health live here

“Dear Judge Vic, I’ve heard that crosswords are considered mentally healthy. Can you address this topic? Also, I’d like to work on your crosswords, but I hear they have legal themes. I worry I might not be qualified.

KAY'S COOKING CORNER

Getting fried over macaroni & cheese

This past week, we attended an American Court and Commercial Newspaper Conference (ACCN), in Baltimore, Md. We stayed in downtown Baltimore, right across the street from the Chesapeake Bay.

NASHVILLE AREA

Governor seeks to drop Occupy Nashville charges

NASHVILLE (AP) - Tennessee Gov. Bill Haslam will ask prosecutors to drop charges against dozens of Occupy Nashville protesters arrested last month for trespassing, his office said Thursday.

THP email: Top official concerned 'Occupy' raids hurt road safety efforts

NASHVILLE (AP) — Emails obtained by WTVF-TV show a top official at the Tennessee Highway Patrol was worried that the cost of raids against Occupy Nashville protesters would hurt troopers' efforts to prevent traffic fatalities this holiday season.

TBI executes search warrant in Arriola probe

NASHVILLE (AP) — The Tennessee Bureau of Investigation has served a search warrant seeking information about the operation of the office of Davidson County Clerk John Arriola.

The song's the thing for Swift, Perry at CMAs

NASHVILLE (AP) — Though still largely the domain of men, triumphs by Taylor Swift and The Band Perry at the Country Music Association Awards show that the young women of country music are finding their voices and shoving the boys out of the way.

NATIONAL BUSINESS

Progress in Italy, Greece on debt sends stocks up

NEW YORK (AP) — Stocks are closing higher after unemployment claims unexpectedly dropped and worries over the debt crisis in Europe eased.

Rate on 30-year mortgage below 4 pct. for 2nd time

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage fell below 4 percent for just the second time in history.

Unemployment aid hits 7-month low, trade gap falls

WASHINGTON (AP) — The outlook for American jobs and trade looked a little brighter Thursday, despite growing uncertainty overseas.

US foreclosure activity hit 7-month high in Oct.

LOS ANGELES (AP) — More U.S. homes entered the foreclosure process in October than in the previous month, with Florida, Pennsylvania and Indiana registering among the largest monthly increases, new data show.

Markets stabilize as focus remains on Italy

LONDON (AP) — European markets recovered some lost ground Thursday as Italy's borrowing rates eased somewhat on speculation that a technocratic government led by economist Mario Monti will replace Premier Silvio Berlusconi.

NATIONAL POLITICS

Republicans test Senate's will to stand up for EPA

WASHINGTON (AP) — Republicans will get a rare chance to test just how deep the Democrat-controlled Senate's support for environmental regulations goes.

Senate ready to approve jobs benefits for veterans

WASHINGTON (AP) — A united Senate is ready to emphatically approve legislation aimed at helping unemployed veterans and companies doing business with the government, a measure that includes the first, tiny slice of President Barack Obama's jobs plan that is likely to become law.

FACT CHECK: Romney's clunker claim on auto bailout

WASHINGTON (AP) — Mitt Romney's claim that President Barack Obama "gave GM" to the United Auto Workers stood as one of the overstatements of the night Wednesday when Republican presidential candidates grappled with the economy in their latest debate. Several drifted from reality too in portraying regulations as a killer of jobs, if not the country itself.

WEDNESDAY, NOVEMBER 9
STATEWIDE

Tenn. revenues beat 1st-quarter projection by $57M

NASHVILLE (AP) - Tennessee's sales tax revenues grew 6.5 percent in the first quarter of the budget year, and general fund collections have come in at $57 million above projections.

NASHVILLE AREA

Tenn. State Univ. gets grants for cybersecurity

NASHVILLE (AP) — Tennessee State University has been awarded $1.3 million to support cybersecurity research and education.

NATIONAL BUSINESS

US senators introduce online sales tax bill

CHEYENNE, Wyo. (AP) — A bipartisan group of 10 U.S. senators wants to give states a way to require online retailers to collect sales taxes.

Dow sinks 3 percent as Europe uncertainty deepens

NEW YORK (AP) — The Dow Jones industrial average dropped more than 350 points Wednesday after Italy's borrowing costs soared and talks collapsed in Greece on forming a new government.

Median home prices fall for 3Q in most US cities

WASHINGTON (AP) — Home prices dropped in nearly three quarters of U.S. cities over the summer, dragged down by a decline in buyer interest and a high number of foreclosures.

Macy's 3Q earnings rise; raises outlook

NEW YORK (AP) — Macy's Inc.'s net income surged in the third quarter as the department store chain benefited from tailoring its merchandise to local markets. The retailer also raised its full-year profit outlook Wednesday.

US futures slide as Italian debt worries grow

NEW YORK (AP) — Stock futures fell sharply Wednesday amid growing concerns that Italy's debt levels are unsustainable.

Ohio victory shows unions still a political force

WASHINGTON (AP) — Labor unions are celebrating one of their biggest victories in decades after turning back an Ohio law that curbed collective bargaining rights for the state's public workers. The vote showed unions are still a potent political force that can't be ignored.

International Energy Agency: Time running out to limit earth's warming

PARIS (AP) — The International Energy Agency warned Wednesday that the world is hurtling toward irreversible climate change and will lose the chance to limit warming if it doesn't take bold action in the next five years.

Cable cos. to offer $9.95 broadband for poor homes

NEW YORK (AP) — As part of a federal effort to get more U.S. homes connected to broadband, cable companies will offer Internet service for $9.95 per month to homes with children that are eligible for school lunches, starting next summer.

GM 3Q profit falls 15 percent to $1.7 billion

DETROIT (AP) — Europe's economic woes are weighing on General Motors Co.'s profits.

Toyota recalls 550,000 cars for steering issue

TOKYO (AP) — Toyota Motor Corp. said Wednesday it is recalling about 550,000 vehicles worldwide — mostly in the United States — for problems that could make it harder to steer.

Oil hovers below $97 as China inflation eases

SINGAPORE (AP) — Oil prices hovered below $97 a barrel Wednesday in Asia as receding inflation in China added to expectations that the world's second-largest economy can continue robust growth and strong demand for crude.

NATIONAL POLITICS

Obama to expand drilling off Alaska, in Gulf

WASHINGTON (AP) — The Obama administration cautiously offered up more areas in the Gulf of Mexico and off Alaska's coast to oil and gas drilling Tuesday but didn't go far enough to satisfy Republicans pushing to greatly expand drilling as a way to create jobs and wean the country off foreign oil.

Democrats dismiss GOP deficit offer

WASHINGTON (AP) — Democrats and Republicans on a special deficit-cutting panel remain far apart despite new flexibility from Republicans on tax revenue increases.

Obama to order cuts in travel, cellphones, swag

WASHINGTON (AP) — President Barack Obama is coming out against swag.

TUESDAY, NOVEMBER 8
NASHVILLE AREA

Vanguard Healthcare agrees to $2M settlement

NASHVILLE (AP) - Vanguard Healthcare LLC and its subsidiary Vanguard Health Care Ancillary have settled a whistleblower lawsuit with the federal government and Tennessee over claims that the firm defrauded Medicare and Medicaid for double-billing for services provided in nursing homes.

Protesters take steps to make area safe

NASHVILLE (AP) - Occupy Nashville protesters said Tuesday they're taking steps to maintain order and safety on the grounds near the state Capitol where they're camped, and anyone who doesn't adhere to the rules is removed from the group.

Minimum-security prison facility being closed

NASHVILLE (AP) — State prison officials are closing the Charles Bass Correction Complex-Annex in Nashville because of security concerns days after an inmate escaped.

STATEWIDE

2 courts back TDOT suspension of contractors

NASHVILLE (AP) - Two courts in Nashville have backed a decision by state transportation officials to bar two guardrail companies that were implicated in corruption investigations from bidding on projects.

Haslam weighing position on school vouchers

NASHVILLE (AP) — Tennessee Gov. Bill Haslam is still weighing the pros and cons of a school vouchers proposal, and doesn't plans to announce his position on the measure until close to the end of the year.

NATIONAL BUSINESS

Employers post most job openings in 3 years

WASHINGTON (AP) — U.S. employers advertised more jobs in September than at any other point in the past three years, a hopeful sign that companies may step up hiring.

Late mortgage payments up in 3Q, 1st rise in years

NEW YORK (AP) — While lawmakers in Washington debated the debt ceiling and consumer confidence dropped, more homeowners in the U.S. were having a harder time making their mortgage payments.

Toyota quarterly profit drops 18.5 percent to $1B

TOKYO (AP) — Toyota said its quarterly profit slid 18.5 percent to 80.4 billion yen ($1 billion) on plunging sales caused by parts shortages from the tsunami disaster in northeastern Japan and warned it faces a new challenge from flooding in Thailand.

Stocks rise after Berlusconi promises to leave

NEW YORK (AP) — Stocks turned higher Tuesday once investors got the news they had been hoping for: Italian Prime Minister Silvio Berlusconi promised to resign once a new budget was passed. The Dow Jones industrial closed up 101 points.

Oil again flirting with $100 per barrel

NEW YORK (AP) — Oil prices are soaring again, but motorists don't need to worry — yet.

NATIONAL POLITICS

GOP ponders tax options for debt 'supercommittee'

WASHINGTON (AP) — Capitol Hill Republicans say the GOP members of a deficit "supercommittee" are showing flexibility on revenue hikes as the panel heads closer to its Thanksgiving deadline.

Congress sputters on deficit cuts, spending bills

WASHINGTON (AP) — A sputtering Congress enveloped in an atmosphere poisoned with politics and distrust enters its final weeks of the year struggling to complete a lengthy to-do list on the budget.

High court troubled by warrantless GPS tracking

WASHINGTON (AP) — The Supreme Court invoked visions of an all-seeing Big Brother and satellites watching us from above. Then things got personal Tuesday when the justices were told police could slap GPS devices on their cars and track their movements, without asking a judge for advance approval.

MONDAY, NOVEMBER 7
NASHVILLE AREA

First Amendment arguments boost Occupy protest

NASHVILLE (AP) — Attempts to dislodge Wall Street protesters who have occupied parks, plazas and other public spaces have helped the groups in some cities shift their message from poorly defined angst over corporate greed to more broadly understood discussions about rights to free speech and assembly.

STATEWIDE

Haslam: Gas tax overhaul needed, but not right now

NASHVILLE (AP) - Gov. Bill Haslam warned that declining gas tax revenues will be a major problem for the state's infrastructure over the next decade, but said on Monday that he doesn't plan to introduce any proposals to overhaul the system in the upcoming legislative session.

NATIONAL BUSINESS

Stocks wobble as debt worries shift to Italy

NEW YORK (AP) — Stocks have closed higher as investors responded to the latest twists in Europe's efforts to control its debt crisis.

Consumer borrowing up, but credit card use falls

WASHINGTON (AP) — Americans borrowed more in September to buy cars and attend college, but they charged less to their credit cards for a third straight month. The figures suggest that consumers are growing more cautious about taking on high-interest debt in a weak economy.

Judge mulling $410M Bank of America overdraft settlement

MIAMI (AP) — An attorney for Bank of America says 13.2 million customers may be eligible for a settlement in a lawsuit claiming the bank charged excessive overdraft fees.

Amgen plans to buy back up to $5B of its shares

THOUSAND OAKS, Calif. (AP) — Biotech drugmaker Amgen said Monday that it plans to buy back up to $5 billion of its stock in a modified Dutch auction tender offer.

US wealth gap between young and old is widest ever

WASHINGTON (AP) — The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt.

Pressure mounts on Italy's Berlusconi to quit

ROME (AP) — Pressure mounted on Premier Silvio Berlusconi to resign so a new government could pass the economic reforms Italy needs to avoid financial disaster, as the country's borrowing rates spiked Monday and talk of early elections intensified.

GM sees strong growth in China auto sales

SHANGHAI (AP) — GM's sales in China jumped 10 percent to a record 220,412 vehicles in October, helped by renewed demand for its minivans.

Dish Network 3Q earnings climb 30 percent

ENGLEWOOD, Colo. (AP) — Dish Network Corp. says its third-quarter earnings climbed 30 percent, as revenue rose even though the satellite television provider lost subscribers in the quarter.

NATIONAL POLITICS

New formula could cut future benefits, raise taxes

WASHINGTON (AP) — Just as 55 million Social Security recipients are about to get their first benefit increase in three years, Congress is looking at reducing future raises by adopting a new measure of inflation that also would increase taxes for most families — the biggest impact falling on those with low incomes.

State Dept. IG to review oil pipeline from Canada

WASHINGTON (AP) — The State Department's inspector general says he will review the Obama administration's handling of a Canadian company's request to pipe oil from western Canada to Texas.

Abramoff criticizes reforms after lobbying scandal

WASHINGTON (AP) — Jack Abramoff can't say he wasn't warned.

Obama to promote ways for veterans to find work

WASHINGTON (AP) — President Barack Obama is promoting new ways to help veterans find jobs in a tough economy while pressing Congress to approve tax credits for businesses to hire former members of the military.

Analysis: Cain turmoil major distraction for GOP

WASHINGTON (AP) — Republican presidential candidate Herman Cain's halting response to sex harassment allegations is causing a major distraction in the GOP race and drawing attention away from his rivals' efforts to gain ground or announce initiatives.

FRIDAY, NOVEMBER 4


NASHVILLE AREA

Rinne's $47M deal is largest in Predators' history

NASHVILLE, Tennessee (AP) — The Nashville Predators signed Finnish goaltender Pekka Rinne to a seven-year, $49 million contract on Thursday on his 29th birthday, the largest deal in the NHL team's short history.

Protesters deliver 'good will' letter to Gov. Haslam's office

NASHVILLE, Tenn. (AP) - Members of Occupy Nashville delivered a letter to Gov. Bill Haslam on Thursday saying they want to collaborate with him "to achieve the best possible outcomes."

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