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VOL. 41 | NO. 8 | Friday, February 24, 2017

Is law school worth it?

Tennessee universities make their case

Aspiring barristers have no shortage of options when it comes to Tennessee schools, colleges and universities offering Juris Doctor programs.

Nashville lures lawyers of all specialties

Henry VI, at least Shakespeare’s version of him, would be appalled. He suggested killing all the lawyers, but instead Nashville is snatching up as many as it can.

Firm provides lawyers on 'a la carte' basis

While local and state-based law schools have always fed the local market’s needs and will continue to do so, other entities are becoming increasingly visible players as Nashville and Middle Tennessee’s growth surges.

More bang for the buck at UT law school

Not every law student aspires to be a flamboyant court-room lawyer such as the late Joe Jamail, the notorious firebrand whose well-earned nickname was the “King of Torts.”

Local Weather

Weather in Nashville, TN

EVENTS

First Friday Art Scene A free monthly art crawl that takes participants through downtown Franklin’s historic buildings and celebrates Williamson County’s unique artistic talent. 6 p.m.-9 p.m. Information: http://visitfranklin.com/events/first-friday-art-scene

more events »

RICHARD COURTNEY: REALTY CHECK

Buyers expect perfection, but fear disasters to come

I have never met a homeowner who believes they’re residing in a home that amounts to a powder keg with the fuse lit. It is difficult to convince buyers that is the case.

SAM STOCKARD: VIEW FROM THE HILL

Lawmakers shrug off real voices

Johnny and Julie Erwin don’t look like typical protesters, but the senior couple joined the “moral Mondays” ruckus recently at the State Capitol, Johnny wearing his Air Force cap and Julie holding a list of social legislation they oppose.

NEWSMAKERS

Bicentennial Mall names new park manager

Wooten’s career in the outdoors began in Virginia in 1996 at Pamplin Historical Park. He went on to the Land Between the Lakes National Recreation Area in Kentucky as well as working with two non-profit, private museums. In 2003, Wooten came home to Nashville to work for the state at the Tennessee Historical Commission.

TIM GHIANNI: STREET LEVEL

Proud Polly's iconic station still up and running

When Kenny was a young boy, he sometimes would listen in while Johnny Cash and Jim Polly poured coffee to fuel the banter as they talked over world events.

DAVID CLIMER: OUT OF LEFT FIELD

Dobbs approaches NFL bid with serious intent

Josh Dobbs has spent the last four years preparing for a future in aerospace engineering.

BEHIND THE WHEEL

2017 Kia Niro is most affordable hybrid SUV

Kia’s newest vehicle, the 2017 Niro, is the lowest-priced, gasoline-electric hybrid SUV on the market and is rated as high as 50 miles per gallon in combined city/highway travel.

Top Middle Tennessee commercial transactions for January 2017

Top commercial real estate sales, January 2017, for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

BUSINESS BOOK REVIEW

Too much clutter? Try a guilt-free approach

You know exactly where Monday’s report is.

GUERRILLA MARKETING

Why saying 'no comment' hurts your company

How can two words speak volumes?


WEDNESDAY, MARCH 1

STATE LEGISLATURE

Constitutional amendment to say liberty come from God fails

NASHVILLE (AP) — A proposal to amend the state constitution to say that God is the source of Tennesseans' liberties has failed in the House.

NATIONAL/INTERNATIONAL BUSINESS

US stock indexes mixed in early trading; Oil falls

U.S. stock indexes were mostly lower in early trading Thursday, giving up some of their gains from a day earlier when the market surged to its latest record high. Materials stocks were down the most. Energy companies also fell as crude prices headed lower. Utilities were up the most. Investors were sizing up the latest batch of company earnings.

US jobless claims drop to lowest level since 1973

WASHINGTON (AP) — Just 223,000 Americans applied for unemployment benefits last week, fewest in nearly 44 years.

AUTO INDUSTRY

Nissan faces safety fine in Mississippi as union rally looms

JACKSON, Miss. (AP) — A federal workplace safety agency wants to fine Nissan Motor Co. more than $21,000, saying the company's Mississippi plant should have better trained a maintenance worker who lost three fingers in July.


TUESDAY, FEBRUARY 21

STATE LEGISLATURE

Haslam transportation plan survives key House vote

NASHVILLE (AP) — Republican Gov. Bill Haslam's sweeping transportation funding proposal has survived a key vote in the state House but without a provision to hike the state's gas and diesel taxes.

AUTO INDUSTRY

US demand for trucks, SUVs helps February sales

DETROIT (AP) — Strong demand for pickups and SUVs helped brighten February for the U.S. auto industry.

TECHNOLOGY

Twitter adds more safety tools, will curb abusive accounts

NEW YORK (AP) — Twitter is adding more tools to curb abuse on its service as part of its ongoing effort to protect users from hate and harassment.

Yes, what you do or say in an Uber may be recorded

NEW YORK (AP) — Watch what you do or say the next time you jump into an Uber: Your backseat phone calls, make-out sessions or drunken arguments could be recorded.

NATIONAL POLITICS

Trump budget plan draws strong opposition _ from Republicans

WASHINGTON (AP) — President Donald Trump's plan to impose sharp cuts to foreign aid and domestic programs is a non-starter in the Republican-led Congress — and that's according to top GOP lawmakers.

NATIONAL/INTERNATIONAL BUSINESS

IRS: Deadline near to get $1 billion unclaimed 2013 refunds

WASHINGTON (AP) — If you didn't file a tax return for 2013, the IRS might have a refund waiting for you. But the deadline to claim it is only a few weeks away.

Midwest survey suggests manufacturing boosting economy

OMAHA, Neb. (AP) — Results from a monthly survey of business supply managers suggest that manufacturing is boosting economic conditions in nine Midwest and Plains states, according to a report issued Wednesday.

US construction spending drops 1 percent in January

WASHINGTON (AP) — Builders cut back on construction spending in January by the largest amount in nine months, with weakness stemming from the biggest reduction in government activity in nearly 15 years.

US consumer spending up slightly, inflation at 4-year high

WASHINGTON (AP) — U.S. consumer spending rose at only a sluggish pace in January, even as signs of growing optimism about the economy have emerged.

Record highs for US stocks; Dow crosses 21,000-point mark

Investors bet big on U.S. stocks Wednesday, giving the market its biggest single-day gain in nearly four months and pushing the major indexes to record highs.

US factories grew last month at fastest pace since 2014

WASHINGTON (AP) — American factories expanded last month at the fastest pace in more than two years.


MONDAY, FEBRUARY 27
DAVE LINK: UT SPORTS

UT names Currie as director of athletics

KNOXVILLE -- University of Tennessee-Knoxville Chancellor Beverly Davenport on Tuesday named John Currie as the school's new vice chancellor and director of athletics. Currie currently serves as the Director of Athletics at Kansas State. He will begin his duties at UT on April 1, 2017.

STATEWIDE

Freeman won't run for governor, won't support Dean

NASHVILLE (AP) — Democrat Bill Freeman, who spent $3.5 million of his own money in his failed bid for Nashville mayor in 2015, says he won't run for governor next year.

STATE LEGISLATURE

GOP senator suggests boycott of California lawmaker meeting

NASHVILLE (AP) — A Republican state senator is calling for a boycott of a national legislators' meeting in California next year in retaliation for that state's ban on state-funded travel to Tennessee and other states over laws considered anti-LGBT.

Senate passes bill limiting Tennessee campaign investments

NASHVILLE (AP) — The state Senate has passed a bill seeking to prevent campaign funds from being invested in private companies.

Senate replaces proposed 'alien' label IDs with 'visa'

NASHVILLE (AP) — A state Senate committee has agreed to changes to a bill seeking to label Tennessee driver's licenses issued to people without permanent residency status with the words "alien" or "non-U.S. citizen."

NATIONAL/INTERNATIONAL BUSINESS

Amazon cloud storage failure causes widespread disruption

NEW YORK (AP) — Amazon's cloud-computing service, Amazon Web Services, is experiencing an outage in its eastern U.S. region, causing unprecedented and widespread problems for thousands of websites and apps.

Investing costs fall again: Fidelity, Schwab cut commissions

NEW YORK (AP) — It keeps getting cheaper to invest.

US economy grew at weak 1.9 percent rate in 4th quarter

WASHINGTON (AP) — The U.S. economy grew at an anemic 1.9 percent rate in the fourth quarter, unchanged from an initial estimate, although consumers performed better than first thought.

US consumer confidence rises to highest level since 2001

WASHINGTON (AP) — U.S. consumer confidence rose to the highest level in more than 15 years, good news for the economy.

Target rattles Wall Street with weak quarter, outlook

MINNEAPOLIS (AP) — Target reported a 43 percent drop in fourth-quarter profit and weak store sales overshadowed an improving online performance. Its outlook for the first quarter and all of 2017 were far below what industry analysts had been expecting.

Stocks edge lower, breaking a 12-day win streak for the Dow

A slide led by Target and other big retailers pulled U.S. stock indexes lower Tuesday, snapping a 12-day winning streak for the Dow Jones industrial average.

TECHNOLOGY

SpaceX says it will fly 2 people to moon next year

CAPE CANAVERAL, Fla. (AP) — SpaceX said Monday it will fly two people to the moon next year, a feat not attempted since NASA's Apollo heyday close to half a century ago.

MUSIC INDUSTRY

Willie Nelson, Kenny Chesney, more to honor Merle Haggard

NASHVILLE (AP) — The late country star Merle Haggard will be honored a year after his death with an all-star concert featuring his longtime friend and duet partner Willie Nelson as well as Kenny Chesney, Miranda Lambert, John Mellencamp and more.

AUTO INDUSTRY

Attorneys: 5 automakers knew Takata air bags were dangerous

DETROIT (AP) — Attorneys for people suing air bag maker Takata and five automakers say the car companies knew that the company's products were dangerous yet continued to use them for years because they were inexpensive.

HEALTH CARE

Pressure on GOP to revamp health law grows, along with rifts

WASHINGTON (AP) — President Donald Trump says nobody knew health care could be so complicated.

Trump calls for replacement of Obamacare

WASHINGTON (AP) — President Donald Trump warned Monday that the nation's health care system was in danger of imploding and said Congress must make fundamental changes to the sweeping health law passed by his predecessor.

White House: Trump budget will hike defense spending by $54B

WASHINGTON (AP) — The White House says President Donald Trump's upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. The result is that Trump's initial budget wouldn't dent budget deficits projected to run about $500 billion.

Markets Right Now: Dow closes at 12th record high close

NEW YORK (AP) — The latest on developments in financial markets (All times local):

PwC's hard-won reputation under threat after Oscars mix-up

LONDON (AP) — For 82 years, global accounting and consulting firm PwC has enjoyed a reputational boon from handling the balloting process at the Academy Awards.

US durable goods orders jumped 1.8 percent in January

WASHINGTON (AP) — U.S. businesses boosted their orders for long-lasting manufactured goods in January by the largest amount in three months, but a key category that tracks business investment plans slipped.

United, after years of declining revenue, hits the thrusters

DALLAS (AP) — United Airlines, which lost the distinction of being the world's biggest carrier after shrinking for several years, plans to regain lost ground by adding more flights from key airports this summer.


FRIDAY, FEBRUARY 24
NATIONAL/INTERNATIONAL BUSINESS

US home prices rise in December at fastest pace in a year

WASHINGTON (AP) — U.S. home prices rose in December from a year earlier at the fastest pace in 11 months, as prospective buyers bid against each other for a limited supply of available property.

Global markets drift ahead of Trump speech to Congress

HONG KONG (AP) — Global stock markets traded in fairly narrow ranges Tuesday as investors awaited a speech by President Donald Trump to both houses of Congress that could have a major bearing on the outlook for all types of financial assets in the near-term.

STATEWIDE

Probes raise questions about misuse of food program money

NASHVILLE (AP) — Two investigations released by the state comptroller's office Thursday are raising questions about what happened to hundreds of thousands of dollars in taxpayer money that was supposed to be used to feed poor children.

MUSIC INDUSTRY

Little Big Town's momentum grows with Ryman residency

NASHVILLE (AP) — Please excuse singer Phillip Sweet if he gets a little emotional when Little Big Town performs Friday night during the first-ever residency in the 125-year history of the Ryman Auditorium, a venue that helped popularize country music.

AUTO INDUSTRY

VW makes $5.4 billion profit in 2016, limits executive pay

BERLIN (AP) — Volkswagen bounced back into the black in 2016 after suffering a loss the previous year due to the diesel emissions scandal, according to figures released by the German automaker Friday.

NATIONAL/INTERNATIONAL BUSINESS

US new-home sales rise in sign of housing market health

WASHINGTON (AP) — Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates.

US stocks eke out last-minute gain as utilities rise

NEW YORK (AP) — A late push helped U.S. stocks finish higher Friday after indexes spent most of the day lower. There was far more selling than buying on Wall Street overall, but the Dow Jones industrial average managed to extend its winning streak to an 11th day.

Doubts grow over stock market's Trump-inspired surge

NEW YORK (AP) — How much more can the "Trump Bump" lift the stock market?

J.C. Penney to close 13 to 14 percent of stores

NEW YORK (AP) — J.C. Penney said Friday that it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online shopping.


WEDNESDAY, FEBRUARY 22
STATE LEGISLATURE

Some in GOP chafe new building named after Cordell Hull

NASHVILLE, Tenn. (AP) — Tennessee lawmakers are nearing a move into freshly overhauled offices at the state Capitol complex, but some Republicans are chafing at the building being named after Democrat Cordell Hull.

STATEWIDE

Tennessee Gov. Haslam won't rule out US Senate run

Tennessee Gov. Haslam won't rule out US Senate run

NATIONAL/INTERNATIONAL BUSINESS

Stocks end mixed as investors seek safety; industrials slide

NEW YORK (AP) — Stocks wobbled Thursday as investors changed course and tempered their expectations for faster economic growth. Industrial companies, which have surged over the last few months, finished lower as Wall Street focused on gold, bonds, and companies that pay big dividends.

Mnuchin says goal is to pass tax reform by August

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday the administration is committed to getting major tax reform legislation through Congress by August. He predicted that President Donald Trump's economic proposals will be able to boost growth significantly to annual rates above 3 percent.

HEALTH CARE

Former House speaker predicts 'Obamacare' won't be repealed

WASHINGTON (AP) — Former House Speaker John Boehner predicted on Thursday that a full repeal and replacement of "Obamacare" is "not going to happen."

NATIONAL POLITICS

Kelly: No use of US military to enforce immigration

MEXICO CITY (AP) — U.S. Homeland Security Secretary John Kelly says there will be "no mass deportations" and "no use of military forces" in enforcing President Donald Trump's immigration crackdown.

Agency plans to award Mexico border wall contracts by April

SAN DIEGO (AP) — U.S. Customs and Border Protection said Friday that it plans to start awarding contracts by mid-April for President Donald Trump's proposed border wall with Mexico, signaling that he is aggressively pursuing plans to erect "a great wall" along the 2,000-mile border.

Growing push for more tax breaks in Haslam road funding plan

ALGOOD, Tenn. (AP) — As Republican Gov. Bill Haslam takes his proposal to boost transportation funding on the road, there is a growing call for his plan to include greater tax break for middle-class Tennessee drivers who pay more at the pump.

Fewer Americans signed contracts to buy homes in January

WASHINGTON (AP) — Fewer Americans signed contracts to buy homes last month as rising prices and a dwindling supply of available homes appeared to frustrate many potential buyers, especially in the West.

Interest rates mixed at weekly US Treasury bill auction

WASHINGTON (AP) — Interest rates on short-term Treasury bills were mixed in Monday's auction, with rates on six-month bills holding steady while rates on three-month bills dipped to their lowest level in five weeks.

US banks' profits up 7.7 percent in Q4; lending grows

WASHINGTON (AP) — U.S. banks' earnings in the final quarter of 2016 rose 7.7 percent from a year earlier, as lending continued to grow and banks set aside less for losses on loans for the first time since late 2015.

Conservatives rebel on health care, and GOP looks to Trump

WASHINGTON (AP) — Republicans confronted a conservative rebellion in their own party Tuesday over their long-promised plans to repeal and replace the health care law, and beseeched President Donald Trump to settle the dispute in his first speech to a joint session of Congress.

REGION

LG to build $250M plant in Tennessee, creating 600 jobs

NASHVILLE (AP) — South Korean appliance maker LG Electronics Inc. announced Tuesday that it has selected Tennessee as the site for its first washing machine plant in the United States.