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VOL. 39 | NO. 52 | Friday, December 25, 2015

Is it great art or a waste of taxpayer funds?

Nashville’s publically-funded art projects have reaped national awards and attracted international attention in the past four years, particularly for the creativity and usefulness of its budding bike rack program.

Artist’s goal to turn entire roundabout into art

Christian Moeller’s public art is sprinkled around the globe.

Highlights of Nashville’s Percent for the Arts program

“Ghost Ballet’’

VIEW FROM THE HILL

GOP uninterested in reconsidering Insure Tennessee

It’s going to take a Christmas miracle for Insure Tennessee to make it into anyone’s stocking this year.

Local Weather
Currently
Nashville, TN
81.0°F
Mostly Cloudy
Wind: South at 8.1 mph
Humidity: 38%

EVENTS

Music City Bowl festivities. Pep railles featuring marching bands, cheerleaders and mascots at First & Broadway, 2:30 p.m; Pregame Concert featuring Small Time Rock Stars. 4-5 p.m., First & Broadway; Franklin American Mortgage Music City Bowl, Texas A&M vs. Louisville, at Nissan Stadium. 6 p.m. Information: www.musiccitybowl.com

more events »

STREET LEVEL

Food for the soul, work for the homeless

“Jesus is all over this place,” I scribble in my reporter’s notebook as I sit back in a chair inside The Cookery.

REALTY CHECK

Test the market in winter months

Tis the season to be jolly for those considering selling their homes, as this year’s sales numbers will reflect the fifth consecutive year of positive growth as far as the units sold.

REAL ESTATE

Top Middle Tennessee commercial real estate transactions for November 2015

Top residential real estate sales, November 2015, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

TENNESSEE TITANS

No need to risk putting Mariota in more danger

The Tennessee Titans are holding out hope that Marcus Mariota’s right knee injury, sustained in Sunday’s loss to the Patriots, won’t be season-ending.

NEWSMAKERS

NAIOP Nashville elects first female president

Lizabeth Theiss is the new president of the Nashville Chapter of NAIOP, Commercial Real Estate Development Association, making history as the chapter’s first female president.

BUSINESS BOOK REVIEW

Private people may struggle Introverts can find success as entrepreneurs

Sometimes, you’d just like to run home. It’s quieter there. No noise, no crowds, no networking or small talk.

GUERRILLA MARKETING

Expect 2016 to be 'pivotal year' in app adoption

With our sights set on 2016, it’s the perfect time for reflection on your growth strategy. What marketing successes will you carry over from 2015 into the New Year, and which will you abandon? What marketing trends, anticipated for 2016, are worthy of consideration in your 2016 plan?

BEHIND THE WHEEL

Forester wins with price, capability, durability

The 2016 Subaru Forester is a solid, practical and flexible crossover sport utility vehicle that endears with its easy-to-drive nature, off-road capability and generous cargo area.

I SWEAR

Experience schadenfreude arguing epicaricacy

Writing in the November issue of The American Lawyer, a quartet of byline authors put forth: “Among big-firm lawyers, the Dewey & LeBoeuf trial [which, after four months of testimony and 21-days of jury deliberation, ended in a mistrial] has produced reactions ranging from introspection to schadenfreude.”

KAY'S COOKING CORNER

Walk in, grab casserole, sides and go

Well, a new year is quickly approaching. It seems that they are beginning to fly by so quickly they are bumping into each other.

STATEWIDE

Measure increasing seat belt fines among new Tennessee laws

NASHVILLE (AP) - Motorists in Tennessee who don't buckle up could face stiffer fines under one of many new Tennessee laws taking effect Friday.

REAL ESTATE

Average US rate on 30-year mortgages rises to 4.01 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates crossed the 4 percent mark this week, a slight increase in the wake of the Federal Reserve decision this month to hike a key short-term interest rate.

NATIONAL/INTERNATIONAL BUSINESS

US applications for unemployment benefits jumped last week

WASHINGTON (AP) — More Americans requested unemployment benefits last week, but the level remains near historic lows in a positive sign for the job market.

US stocks edge lower, pulling S&P 500 into red for the year

U.S. stocks veered lower on the last day of the year as the market headed for a sluggish end to 2015. The modest losses in early trading Thursday dragged the Standard & Poor's 500 index back into the red for the year. With dividends included it will have a slight gain.

Toys R Us closes flagship store: Ferris wheel, T-Rex and all

NEW YORK (AP) — For decades, children visiting New York City savored one stop above all: a trip to the kind of toy store that existed only in their imagination. Now they'll have to keep dreaming.

Target's turnaround gets shoppers back into stores

NEW YORK (AP) — Target's efforts to draw shoppers back into its stores are paying off.

BBC says website knocked down due to apparent attack

LONDON (AP) — BBC says its main news website and other sites were knocked offline due to an attack.


WEDNESDAY, DECEMBER 30
STATEWIDE

Pedestrian, bicycle deaths in Tennessee increase in 2015

NASHVILLE (AP) - Tennessee officials have recorded more pedestrian and bicycle deaths in 2015 than in any other year in the past two decades.

New Tennessee driver licenses will be good for 8 years

NASHVILLE (AP) — Tennessee drivers who renew their licenses next year won't have to go through the process again for eight years.

REAL ESTATE

US pending home sales slip in November

WASHINGTON (AP) — Fewer people signed contracts to purchase homes in November, as the real estate market appears to have cooled after sales gains for much of 2015.

NATIONAL/INTERNATIONAL BUSINESS

How to spend $5 trillion: A record-breaking year in deals

NEW YORK (AP) — Companies around the world spent a record $5.04 trillion on acquisitions in 2015, according to Dealogic, as slow worldwide economic growth and low interest rates pushed companies to combine forces.

Another drop in energy stocks leads market lower

The latest downturn in crude oil prices put investors in a selling mood Wednesday, pulling U.S. stocks lower for the second time this week.

Weight Watchers stock soars as Oprah ad begins to air

NEW YORK (AP) — Weight Watchers is getting another boost from Oprah Winfrey.

Pep Boys agrees to be bought by Icahn, not Bridgestone

NEW YORK (AP) — Pep Boys will be acquired by Carl Icahn for $1 billion, ending a weeks-long bidding war with the Japanese tire company Bridgestone.

Apple agrees to pay $350 million in Italian tax case

ROME (AP) — Italian authorities say Apple Italia has agreed to pay 318 million euros ($350 million) in taxes for several past years and is working out a deal to cover future tax liabilities for business it does in the country.

Drug company files for bankruptcy following Shkreli's arrest

NEW YORK (AP) — Kalobios, the troubled drugmaker taken over by Martin Shkreli last month, is seeking bankruptcy protection less than two weeks after his arrest on securities fraud.


TUESDAY, DECEMBER 29
STATEWIDE

Revenue Department offering tax workshops for new businesses

NASHVILLE (AP) — New business owners can get answers to their tax questions at a series of free workshops offered in January by the Tennessee Department of Revenue.

REAL ESTATE

US home prices climb in October, helped by solid job market

WASHINGTON (AP) — Steady job growth, low mortgage rates and tight inventories helped fuel rising U.S. home prices in October.

NATIONAL/INTERNATIONAL BUSINESS

US stocks are ending 2015 mostly flat, capping volatile year

The stock market took investors for a wild ride in 2015, but in the end it was a trip to nowhere.

Stocks rebound as US confidence improves and oil price rises

Technology and health care companies led a broad rally in U.S. stocks Tuesday that pulled the Standard & Poor's 500 index back into the black for the year.

US consumer confidence rises in December

WASHINGTON (AP) — An improving job market lifted consumer confidence in December, a business group says.


MONDAY, DECEMBER 28
STATEWIDE

Deadly shooting in Chattanooga voted top story of 2015

NASHVILLE (AP) - The fatal shooting of four Marines and a sailor in Chattanooga has been voted the top Tennessee news story of 2015.

Tennessee to launch campaign to get adults back in college

NASHVILLE (AP) - Tennessee is preparing to launch a $1 million advertising campaign to encourage adults who dropped out of college to go back and get their degrees.

HEALTH CARE

Health law reporting extension issued for employers

WASHINGTON (AP) — The Obama administration says it's giving employers who need more time a limited extension for critical reporting requirements next year under the federal health care law.

Valeant CEO hospitalized with 'severe' pneumonia

NEW YORK (AP) — The head of troubled pharmaceutical company Valeant has been hospitalized.

NATIONAL/INTERNATIONAL BUSINESS

Amazon holiday shipping, Christmas Eve deliveries set record

TRENTON, N.J. (AP) — Online retailer Amazon has been a prime beneficiary of more consumers doing their holiday shopping online and procrastinating.

Energy, mining stocks lead a decline on Wall Street

U.S. stocks closed modestly lower on Monday as a deepening slump in crude oil prices pulled down energy and mining stocks on a lighter than usual day of trading.

Amazon, eBay delivering dung patties in India

NEW DELHI (AP) — Like consumers around the globe, Indians are flocking to the online marketplace in droves these days. But there's one unusual item flying off the virtual shelves: Online retailers say cow dung patties are selling like hot cakes.

Saudi Arabia posts $98B deficit amid low oil prices

RIYADH, Saudi Arabia (AP) — Saudi Arabia said Monday that this year's budget deficit amounted to $98 billion (367 billion riyals) as lower oil prices cut into the government's main source of revenue, prompting the kingdom to scale back spending for the coming year.

'Force Awakens' becomes fastest movie to $1 billion

LOS ANGELES (AP) — "Star Wars: The Force Awakens" has reached $1 billion at the box office, achieving the milestone with record-setting hyper speed.


THURSDAY, DECEMBER 24
STATE LEGISLATURE

Black Caucus bemoans threat to diversity programs' funding

NASHVILLE (AP) — Members of the Tennessee Black Caucus of State Legislators are condemning what they consider to be an "attack" on diversity programs in higher education by Republican lawmakers.

Armstrong hopes 'truth comes out' at federal tax trial

NASHVILLE (AP) — State. Rep. Joe Armstrong says he hopes the "truth comes out" when he goes to trial on federal fraud and tax evasion charges.

Armstrong says he quietly 'stepped down' after indictment

NASHVILLE (AP) — State Rep. Joe Armstrong says he quietly "stepped down" from his House Democratic Caucus leadership position after being indicted earlier this year on federal fraud and tax evasion charges.

NATIONAL/INTERNATIONAL BUSINESS

US stocks drift to a mixed close in quiet pre-holiday trade

NEW YORK (AP) — Stocks closed slightly lower in extremely light trading Thursday as investors remained on the sidelines ahead of Christmas. The price of crude oil continued to recover.

Defying Fed hike, 30-year mortgage rate slips to 3.96 pct.

WASHINGTON (AP) — What Fed rate hike?

US applications for jobless aid dropped last week

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week, reflecting a job market that continues to look persistently healthy.

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