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VOL. 37 | NO. 13 | Friday, March 29, 2013

‘Take these towers down'

What would Vanderbilt do with the ‘most desirable’ piece of real estate in Tennessee if Chancellor Zeppos gets his wish?

The demolition of Carmichael Towers, the aging Vanderbilt University high-rise dormitories that occupy some of the highest profile real estate on West End Avenue, could help revitalize one of the major gateways to downtown Nashville.

R&B legends find a home at Carol Ann’s

Nick Nixon scans the room where some dance, many chat, others wash down “the best catfish in Tennessee” with frozen fruit-and-liquor concoctions, cold drafts or sweet iced tea.

A place to play as ‘Night Train’ memories fade

Acclaimed museum curator Michael Gray, who has spent much of his adult life researching and celeabrating Nashville’s rhythm & blues scene, says Carol Ann’s offers up a precious commodity: A place to see some of Music City’s greatest performers in an intimate venue … or any venue at all, for that matter.

Offering youth a ‘safe haven,’ chance to explore creative side

Theater camps and classes for children are nothing new in the Nashville area.

Local Weather
Nashville, TN
Partly Cloudy
Wind: South at 5.8 mph
Humidity: 48%


Nashville Fashion Week. A city-wide celebration of Nashville’s thriving fashion and retail community and its vast array of creative talent featuring local, regional and national design talent in fashion events and shows. Through Saturday. Information: NashvilleFashionWeek.com.

more events »


Favors began activism early by knocking on doors for Kennedy

State Rep. JoAnne Favors (D-Chattanooga) has one word to describe the state’s proposed school voucher system: rip-off.


It don’t come easy: Hard lessons in home buying

It has never been difficult to find new material during my years of real estate writing, as each deal has its own personality. While my clients, past and present, often think they find themselves or their experiences sprinkled among the prose, they are wrong.


Top Midstate commercial real estate transactions for Feb. 2013

Top February 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.


King & Ballow adds 2 new attorneys

Robert Crump and Allison Champagne have joined King & Ballow in the litigation and the litigation, entertainment and intellectual property sections, respectively.


This page-turner barks up the right tree

Last week marked the beginning of another sales contest.


Make most of Networking events with a few simple tips

Find yourself attending countless networking events with little result in new business generated? It’s possible you’re just not leaving a memorable impression.


The Cyprus is falling!

The Cyprus economy is $23 billion. (The Vermont economy is $26 billion.) Bank loans in Cyprus are eight times the size of GDP, compared with 3.5 times in the Eurozone and 1 times U.S. GDP. With leverage ratio’s that high, a small deterioration in loan performance can render the banking system insolvent.


A very good question to ask

What if you knew the best predictor of future growth for your business? Think about it. If you knew the best predictor, you could look into it, see how you’re doing with regard to it and focus much of your time and energy on it.


Magician’s touch makes ‘Wonderstone’ watchable

Since writing about magician David Kwong last November, I’ve been waiting for “The Incredible Burt Wonderstone” to come out. David’s listed as one of the film’s two magic consultants on IMDB.com (Internet Movie Database), though I saw three names in the film’s credits.


Closing the lid on an aversion to garlic

This past week, hubby and I ate at a restaurant where the soup of the day was garlic. This has always sounded like an overwhelming soup to me, so I’ve always passed on it.


Bill won't allow student IDs for voting

NASHVILLE (AP) - The senator who sponsored a measure to allow people to show student IDs to cast ballots realized it didn't have enough votes to pass, so he instead backed a bill that doesn't allow them to be used.

Haslam voucher bill dead this session

NASHVILLE (AP) — The Republican leader carrying Gov. Bill Haslam's proposal to create school vouchers in Tennessee said he's decided to let it die this session because he's tired of the "gamesmanship."

Bill linking welfare to school progress advances

NASHVILLE (AP) — A House committee on Wednesday approved a measure linking a family's welfare benefits to student performance a day after Gov. Bill Haslam expressed serious reservations about the measure.

Haslam OKs ending pet leash requirement in cars

NASHVILLE (AP) — Gov. Bill Haslam has signed a bill to do away with the state's leash law for dogs and cats while being transported in vehicles.


Crime on Tennessee campuses goes down

NASHVILLE (AP) — Crime on Tennessee's college campuses has dropped slightly, but a new report by the Tennessee Bureau of Investigation shows the number of assaults to be increasing at the state's institutions of higher learning.


US attorney stepping down in Nashville

NASHVILLE (AP) - The United States Attorney for Middle Tennessee is stepping down to enter securities fraud law in Nashville.


GM to invest $332 million in 4 US factories

DETROIT (AP) — General Motors plans to invest $332 million into four factories in three Great Lakes states to build new, more efficient engines and transmissions.


Walgreen clinics expand care into chronic illness

Walgreen Co. has expanded the reach of its drugstore clinics beyond treating ankle sprains and sinus infections to handling chronic diseases such as diabetes, asthma and high blood pressure.

Study: Dementia tops cancer, heart disease in cost

Cancer and heart disease are bigger killers, but Alzheimer's is the most expensive malady in the U.S., costing families and society $157 billion to $215 billion a year, according to a new study that looked at this in unprecedented detail.


US unemployment aid applications jump to 385,000

WASHINGTON (AP) — The number of Americans seeking unemployment aid rose to a four-month high last week, although the increase partly reflects seasonal distortions around the spring holidays.

Wall street stocks little changed; Best Buy soars

NEW YORK (AP) — U.S. stock market futures are trading higher ahead of the Labor Department's weekly report on unemployment applications.

Oil drops below $93 on unemployment claims data

The price of oil was nearly unchanged above $94 a barrel Thursday, stabilizing after a sharp drop the day before sparked by rising U.S. crude supplies.

US rate on 30-year mortgage slips to 3.54 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages crept closer to their historic lows this week, a trend that could help the housing recovery strengthen.

Eyes on Facebook mobile event as company evolves

NEW YORK (AP) — Facebook is unveiling a new Android product Thursday, a move that comes as a fast-growing number of its 1.06 billion users access it on smartphones and tablet computers.


US is halfway to Obama 5-year export-doubling goal

WASHINGTON (AP) — Suddenly outsourcing is on the way out and insourcing on the way in as the U.S. trudges unevenly toward President Barack Obama's goal of doubling American exports around the world by the start of 2015.

GAO Report: 401(k) rollover process too confusing

WASHINGTON (AP) — Many workers are getting false or misleading information about options for their 401(k) accounts when they change jobs, congressional auditors said Wednesday in a report that urged regulators to offer consumers clearer guidance about their retirement money.


Sponsor withdraws contentious ticket bill for year

NASHVILLE (AP) — A bill seeking to put controls on the secondary ticket market has been withdrawn amid what its sponsor called fierce lobbying on both sides.

Charter school authorizer bill passes House panel

NASHVILLE (AP) - A measure that would create a special panel to authorize charter school applications for failing schools is advancing in the state Legislature.

Analysis of lawmaker expenses killed in House

NASHVILLE (AP) - A resolution calling for a comprehensive study of lawmaker allowances has been killed in a House committee after unanimously passing the Senate.


Cooper says his views on gay unions have evolved

NASHVILLE (AP) - U.S. Rep. Jim Cooper of Tennessee says his support of civil unions for gay partners developed over his years in office.


Prosecutor: Hospitals overcharged Medicare

HARRISBURG, Pa. (AP) - Two hospital chains – one operated by Community Health Systems of Nashville – have agreed to pay a combined $1.5 million to resolve allegations that its facilities in eastern Pennsylvania submitted improper claims to the Medicare program.

Federal cuts pinch Vanderbilt Hospital

NASHVILLE (AP) - Vanderbilt University Medical Center officials say federal automatic budget cuts and a state decision require tough economic measures be undertaken.


Hyundai-Kia recalling nearly 1.9 million vehicles

DETROIT (AP) — Korean automakers Hyundai and Kia are recalling almost 1.9 million vehicles to fix problems with air bags and brake light switches.


Poll finds caution 5 years after financial crisis

BOSTON (AP) — Americans have grown more cautious and disciplined in handling their money since the financial crisis struck in 2008, a survey by a leading mutual fund company suggests.

US service firms grow at slower pace in March

WASHINGTON (AP) — U.S. service companies expanded in March at a slower pace, dragged down by less growth in new orders and weaker hiring.

Survey: Private employers add 158K jobs in March

WASHINGTON (AP) — A survey shows U.S. companies added fewer jobs in March compared with the previous month, as construction firms held off on hiring after three months of solid gains.

US home prices rose in February by most in 7 years

WASHINGTON (AP) — U.S. home prices jumped in February by the largest amount in seven years, evidence that the housing recovery strengthened ahead of the all-important spring-buying season.

Financial discipline grows 5 years after crisis

BOSTON (AP) — The frugality and investing discipline that the 2008 financial crisis imposed on Americans appear to have led to permanent changes in behavior on money matters, according to a survey by the nation's second largest mutual fund company.

Weak economic reports send stock market lower

LONDON (AP) — Japanese stocks outperformed all others Wednesday as investors anticipated aggressive policy action from the Bank of Japan.

Oil down nearly 3 percent as US supplies increase

The price of oil fell below $97 a barrel Wednesday ahead of the release of a report that's expected to confirm crude supplies are still burgeoning.

Analyst: 60-inch Apple iTV to launch this year

NEW YORK (AP) — It's no secret that Apple wants to get into the living room by making its own TV set, and there have been plenty of rumors and reports about how and when it's going to happen.

SEC gives companies OK to use social media

WASHINGTON (AP) — The Securities and Exchange Commission will allow public companies to make significant announcements on Facebook, Twitter and other social media sites provided they alert investors which sites they intend to use.

Report: Apple to release updated phone this summer

NEW YORK (AP) — Apple is set for a possible summer launch of the next iPhone, rather than a fall launch like the last two models, according to a report Tuesday in The Wall Street Journal.


Immigration bill envisions new farm worker program

WASHINGTON (AP) — Sweeping immigration legislation taking shape in the Senate will aim to overhaul the nation's agriculture worker program to create a steady supply of labor for farmers and growers, who rely more than any other industry on workers who have come to the country illegally.


Wine bill to get 2nd chance in Senate committee

NASHVILLE (AP) - Legislation to allow wine to be sold in Tennessee supermarkets and convenience stores isn't quite dead yet.

'All or nothing' on Haslam school voucher bill

NASHVILLE (AP) - Senate Majority Leader Mark Norris said Tuesday that lawmakers will either have to approve Gov. Bill Haslam's approach to a school voucher program in Tennessee or face the measure being withdrawn for the year.

Bill hiding handgun permit records from public advances

NASHVILLE (AP) - A proposal to seal Tennessee's handgun carry permit records from public scrutiny is advancing in the Legislature.

Seat belt fine bill fails in House committee

NASHVILLE (AP) - A proposal to increase the fine for not wearing a seat belt has failed this session.

Bid to change US Senate nominations dies for year

NASHVILLE (AP) - A bill to give Tennessee lawmakers the power to decide the nominees for the state's U.S. Senate seats was withdrawn Tuesday until next year after Republican Gov. Bill Haslam said he had a "major problem" with the proposal.


Owners of center tell feds of health care probe

NASHVILLE (AP) - A Dickson County drug rehabilitation center is reported to be under investigation about whether officials filed false claims for TennCare recipients.

Humane Society hires former state Rep. Swafford

NASHVILLE (AP) — Former state Rep. Eric Swafford has been hired by the Humane Society of the United States as an outreach director.


Haslam insists Medicaid pursuit no 'fool's errand'

NASHVILLE (AP) - Gov. Bill Haslam said Tuesday that his ongoing pursuit of a special deal for Medicaid expansion in Tennessee is no "fool's errand" and that an arrangement could still be struck at any time.

Haslam appropriates funds for cash grants plan

NASHVILLE (AP) - Gov. Bill Haslam's administration on Tuesday rolled out its amendment to the appropriations bill, which includes nearly $45 million to increase the amount of cash grants available to companies looking to invest in Tennessee.

Scammer targeting corporations in Tennessee

NASHVILLE (AP) — The Tennessee secretary of state's office says a scam artist is targeting corporations with an official-looking mail piece.


Automakers: Best March in six years

DETROIT (AP) — America is getting back to work, and it needs pickup trucks.


US factory orders up 3 percent in February

WASHINGTON (AP) — Orders to U.S. factories rose sharply in February from January on a surge in demand for volatile aircraft. The gain offset a drop in key orders that signal business investment.

As Facebook matures, is it losing its edge?

NEW YORK (AP) — To see what Facebook has become, look no further than the Hutzler 571 Banana Slicer.

Fannie earns $17.2B in 2012, biggest annual gain

WASHINGTON (AP) — Mortgage giant Fannie Mae earned $7.6 billion from October through December, the biggest quarterly profit in its history. The gain was driven by an improving housing market that has lifted home prices and a $3.6 billion legal settlement with Bank of America.

Health insurers lead stocks higher on Wall Street

The Dow Jones industrial average closed at a record high Tuesday after reports on auto sales and factory orders provided the latest evidence that the U.S. economy is strengthening. Traders plowed money back into European stocks as the financial situation in Cyprus appeared to stabilize.

Oil posts slight gain as traders await supply data

NEW YORK (AP) — The price of oil rose slightly Tuesday as traders waited for the latest data on U.S. supplies.

High-skilled visa requests likely to exceed supply

WASHINGTON (AP) — The Homeland Security Department expects applications for high-skilled immigration visas to outpace the available supply in a matter of days, one of the fastest runs on the much-sought-after work permits in years and a sign of continued economic recovery amid new hiring by U.S. technology companies.

Apple apologizes in China after service criticism

BEIJING (AP) — Apple apologized to Chinese consumers after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism.

Google and privacy: 6 EU countries take action

PARIS (AP) — Regulators in Google's largest European markets are taking joint action to try and force the company to overhaul its privacy policy.


Grant to release 1st album of new songs in decade

NASHVILLE (AP) - Amy Grant is set to release her first full album of all new songs in 10 years.


Changes to Senate nominations in Tennessee put on hold

NASHVILLE (AP) - The sponsor of a bill to give Tennessee lawmakers the power to select nominees to the U.S. Senate is putting the measure on hold until the last floor session of the year.

Senate to vote on changes to injured workers fund

NASHVILLE (AP) - Opponents of a proposal that seeks to change the way injured workers' claims are considered in Tennessee say it would reduce benefits and remove impartiality from the judgment process.


Tennessee doctors to check history when prescribing painkillers

NASHVILLE (AP) — Starting Monday, Tennessee doctors prescribing painkillers and other controlled substances will be required to check their patients' prescription history to prevent abuse and doctor shopping.


Appeals Court overturns health care company fine

NASHVILLE (AP) - A federal appeals court has overturned an $11 million judgment against an Atlanta-based health care company with diagnostic testing facilities in 13 states.

Can mass marketing heal the splits on 'Obamacare'?

WASHINGTON (AP) — How do you convince millions of average Americans that one of the most complex and controversial programs devised by government may actually be a good deal for them?


Camry battles spruced-up rivals in midsize market

DETROIT (AP) — For nearly two decades, the Toyota Camry and the Honda Accord have ruled the mid-sized car market.


Stocks slip as US manufacturing growth slows down

NEW YORK (AP) — Stocks are opening April on a weak note, ending slightly lower after an industry group reported that U.S. manufacturing growth cooled in March.

Oil falls after Exxon shuts pipeline

BANGKOK (AP) — The price of oil fell Monday as traders took profits following a recent run-up in prices.

US construction up 1.2 percent in February

WASHINGTON (AP) — Spending on U.S. construction projects rebounded in February, helped by a surge in home construction, which rose to the highest level in more than four years.

Survey: US manufacturing grew more slowly March

WASHINGTON (AP) — A survey shows U.S. manufacturing activity expanded more slowly in March than February, held back by weaker growth in production and new orders. The one bright sign in the report was that factories hired at a faster pace.

Is home where the profit is for J.C. Penney?

NEW YORK (AP) — J.C. Penney is honing in on its home department as part of a bigger plan to turn its stores into mini-malls of sorts.

Tech firms bumping up perks to recruit, retain

CUPERTINO, Calif. (AP) — Apple's ring-shaped, gleaming "Spaceship Headquarters" will include a world class auditorium and an orchard for engineers to wander. Google's new Bay View campus will feature walkways angled to force accidental encounters. Facebook, while putting final touches on a Disney-inspired campus including a Main Street with a B-B-Q shack, sushi house and bike shop, is already planning an even larger, more exciting new campus.

Stockton, Calif., bankruptcy decision only the beginning

SACRAMENTO, Calif. (AP) — For the people of Stockton, a federal judge's anticipated decision Monday on the city's bankruptcy petition will affect their day-to-day lives for decades to come.

Drug maker Novartis loses India patent battle

NEW DELHI (AP) — India's Supreme Court on Monday rejected drug maker Novartis AG's attempt to patent an updated version of a cancer drug in a landmark decision that health activists say ensures poor patients around the world will get continued access to cheap versions of lifesaving medicines.


Immigration deal at hand, focus turns to details

WASHINGTON (AP) — Big business and big labor have settled on a political framework for an immigration overhaul. Now, the lawmakers writing bipartisan legislation need to resolve the nitty-gritty — and keep their parties' political flanks mollified.


Court: Tennessee can't sue foreign tobacco company

NASHVILLE (AP) - The Tennessee Supreme Court ruled in a split opinion that the state could not sue an Indonesian cigarette manufacturer to collect payments as a part of a 1998 settlement with the nation's largest tobacco manufacturers.


Lawmakers seek takeover of US Senate nominations

NASHVILLE (AP) - An average of about 686,000 people have voted in the last eight U.S. Senate primaries in Tennessee. Under a Republican proposal advancing in the state Legislature, that number would be driven down to 132.

State Sen. Summerville recovering from surgery

NASHVILLE (AP) - State Sen. Jim Summerville is recovering after undergoing an unexpected surgery.

House GOP leader against resurrecting wine bill

NASHVILLE (AP) - House Majority Leader Gerald McCormick says he favors a bill to allow wine to be sold in Tennessee supermarkets and convenience stores, but would oppose efforts to hold a re-vote in a committee where it narrowly failed.

Bill would limit gun carry records to politicians

NASHVILLE (AP) - An effort to seal Tennessee's handgun carry permit records from public scrutiny would create an exception for political operatives and lobbying groups to still obtain the entire set of names and addresses.

House OKs bill to require proof of immunization

NASHVILLE (AP) — The mother of a Middle Tennessee State University freshman who died after contracting meningitis says she hopes legislation headed to the governor for his likely signature will prevent the deaths of other college students.

Senate passes bill to cut lawmaker allowances

NASHVILLE (AP) — The Senate has passed a bill to eliminate hotel allowances for lawmakers who live within 50 miles of the state Capitol.


Audit: Tennessee overpays $73M in unemployment

NASHVILLE (AP) — Tennessee's Department of Labor and Workforce Development mismanaged the unemployment program, causing overpayments that exceed $73 million, according to a state audit.


Nashville Symphony facing financial hurdle

NASHVILLE (AP) - When Nashville's symphony hall opened in 2006, across the street from the Country Music Hall of Fame and just a short block from the honky-tonks of lower Broadway, the building was praised for its beauty and sound and the potential to upgrade the city's music image.

Audit: Vet benefits wrongly processed in Nashville

NASHVILLE (AP) - An audit of the Veterans Affairs regional office in Nashville found that staff did not always accurately process medical disability and traumatic brain injury claims filed by veterans and said more outreach was necessary to reach homeless veterans outside Nashville.


Cleaner gas rule would mean higher price at pump

WASHINGTON (AP) — The Obama administration's newest anti-pollution plan would ping American drivers where they wince the most: at the gas pump. That makes arguments weighing the cost against the health benefits politically potent.

UPS pays $40M to end online pharmacies probe

SAN FRANCISCO (AP) — Shipping company UPS agreed Friday to pay $40 million to end a federal criminal probe connected to deliveries it made for illicit online pharmacies.

Unemployment fell in February in 22 US states

WASHINGTON (AP) — Unemployment rates fell in 22 U.S. states in February from January, a sign that hiring gains are benefiting many parts of the country.

US consumer spending, income jump in February

WASHINGTON (AP) — U.S. consumers stepped up spending in February after their income jumped, aided by a stronger job market that offset some of the drag from higher taxes. The gains led economists to predict stronger economic growth at the start of the year.

SAC Capital portfolio manager arrested in NYC

NEW YORK (AP) — A senior portfolio manager for one of the nation's largest hedge funds was arrested Friday, accused of making $1.4 million illegally in a widening insider trading probe involving an investment company founded by billionaire businessman Steven A. Cohen.

S&P 500 closes at a record high, beating '07 mark

NEW YORK (AP) — There goes another stock market record.

Oil rises above $97, natural gas falls back

NEW YORK (AP) — The price of oil was little changed Thursday, while natural gas was steady a day after closing above $4 for the first time in a year and a half.

Google to deliver goods to online shoppers

SAN FRANCISCO (AP) — Internet search leader Google is taking another step beyond information retrieval into grocery delivery.

Scooter ads face scrutiny from gov't., doctors

WASHINGTON (AP) — TV ads show smiling seniors enjoying an "active" lifestyle on a motorized scooter, taking in the sights at the Grand Canyon, fishing on a pier and high-fiving their grandchildren at a baseball game.

US jobless claims jump 16,000 to 357,000

WASHINGTON (AP) — The number of Americans seeking unemployment benefits jumped by 16,000 last week, the second straight weekly increase. But the longer-term trend in layoffs remained consistent with an improved job market.

AT&T to take orders for Galaxy S 4 on April 16

NEW YORK (AP) — AT&T says it will start taking pre-orders for the Samsung Galaxy S 4, the season's most eagerly awaited smartphone, on April 16 for $250.

RIM success in 4Q, but too early to declare win

TORONTO (AP) — Research In Motion Ltd., once written off as dead amid fierce competition from more modern mobile devices such as the iPhone, surprised Wall Street Thursday by returning to profitability and shipping more BlackBerry 10 phones than expected in the most recent quarter.


EPA taking aim at auto emissions, sulfur in gas

WASHINGTON (AP) — Reducing sulfur in gasoline and tightening emissions standards on cars beginning in 2017, as the Obama administration is proposing, would come with costs as well as rewards. The cost at the pump for cleaner air across the country could be less than a penny or as high as 9 cents a gallon, depending on who is providing the estimate.

Congressional inaction could cost college students

WASHINGTON (AP) — Incoming college freshmen could end up paying $5,000 more for the same loans their older siblings have, if Congress doesn't keep interest rates from doubling.

Obama to release his budget outline April 10

WASHINGTON (AP) — The White House says President Barack Obama will release his federal budget outline on April 10 — two months late.

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