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VOL. 40 | NO. 23 | Friday, June 03, 2016

Tim Corbin: Tennessee's gold standard

David Climer's top 25 college coaches in state

The best college coach in Tennessee takes most Saturday afternoons off in the fall. He never argues with an official in a striped shirt. He doesn’t wear a whistle at practice.

Tennessee’s top 25 college coaches

David Climer's "purely subjective" list of the top 25 college coaches in Tennessee:

Community supported agriculture provides direct link from farmers to table

In 2009, all Stephanie Bradshaw wanted to do was get her family back to cleaner eating. Running a business around the pickup and delivery of farm-fresh produce wasn’t in the picture. But it soon would be.

CSAs in Middle Tennessee

There are dozens of farms in the Middle Tennessee area offering community supported agriculture services, either delivering meat and produce to subscribers or having subscribers pick up their allotments.

Local Weather

Weather in Nashville, TN

EVENTS

Nashville Chamber Member Orientation. Joining the Chamber was an important step for your business. Now, how do you make the most of your investment? Learn about member benefits and involvement opportunities from Chamber staff. You’ll also learn how your business plays a role in the Chamber’s mission of creating regional economic prosperity. Lunch provided. 11:30 a.m.-1 p.m. Baker Donelson Special Events Center, 211 Commerce Street. Deadline to preregister is June 3. Information: nashvillechamber.com

more events »

SAM STOCKARD: VIEW FROM THE HILL

UT’s legislative spanking could have been worse

In a state where many people bleed orange, the University of Tennessee found itself in an unusual position during the 2016 legislative session: fighting for its life.

RICHARD COURTNEY: REALTY CHECK

Unscrupulous agents? In this market? Never

This market stinks. That’s all the heck there is to it. There is nothing for sale, and when there is it can bring out the worst in people.

NEWSMAKERS

Bass, Berry & Sims welcomes 4 to the firm

Bass, Berry & Sims PLC has added four attorneys to the firm’s Nashville office. They are:

BEHIND THE WHEEL

Buick adds turbo to reliable, safe, AWD Encore

The hot-selling Buick Encore has a new, peppier model for 2016 that makes the affordably priced, easy to maneuver and surprisingly refined SUV even more appealing.

BUSINESS BOOK REVIEW

Author: Preserving community will save humanity

Sign you up. That’s one of the things of which you’re most proud: you freely give of your time. Rotary, Jaycees, Lions, your local hospital, if they need help, your name is on the list.

GUERRILLA MARKETING

Breaking down the characteristics of sales winners

Do you struggle to pinpoint exactly what makes your top sales performers excel? While common, this challenge can make it impossible to consistently recruit high performers.

CAREER CORNER

You’ve got the job, now be successful

In the most difficult of cases, a job search can take a year or more. The process is grueling and emotionally exhausting.

I SWEAR

Worst beer run ever leaves teens dry, not high

Last week I wrote a brief account of my high school football career. And that got me to thinking about other memorable high school experiences.

KAY'S COOKING CORNER

Gourmet vinegars, oils are great temptation

Not long ago I visited a store I have deliberately avoided. You see, I knew that if I ever opened those doors it would be the end of my rational thinking, and the temptation to purchase various items would overwhelm my ability to keep my American Express card in my wallet.


WEDNESDAY, JUNE 8
STATE LEGISLATURE

Haslam signs law that overhauls higher education boards

COOKEVILLE (AP) — In a move that will transform higher education in Tennessee, Gov. Bill Haslam signed a bill that overhauls the governing boards of some of the state's universities.

Election officials to audit finances of embattled lawmaker

NASHVILLE (AP) — State election officials say they intend to audit the finances of embattled state Rep. Jeremy Durham.

NASHVILLE AREA

Vanderbilt adds transgender surgeries to student insurance

NASHVILLE (AP) — Vanderbilt University officials say the school's student insurance will start covering transgender-related surgeries in order to make the campus a more inclusive environment for students who previously had gone without necessary care.

AUTO INDUSTRY

Tesla to release lower-priced versions of Model S car

NEW YORK (AP) — Tesla says it has started selling a cheaper version of its Model S car, in an attempt to make the electric car more affordable for more people.

German prosecutors investigating missing data in VW scandal

ERLIN (AP) — German prosecutors are investigating an employee at Volkswagen who allegedly asked his coworkers to delete or hide data in connection with the company's emission scandal.

TECHNOLOGY

Should you worry about 32 million hacked Twitter passwords?

SAN FRANCISCO (AP) — Yet another security outfit is reporting that millions of stolen passwords — this time, for Twitter accounts — are floating around the dark side of the internet. Should you be worried?

US takes key step in ceding control of internet addresses

NEW YORK (AP) — The U.S. government is taking a key step in relinquishing control of the internet's addressing system, fulfilling a promise made in the 1990s.

NATIONAL/INTERNATIONAL BUSINESS

Rising home prices lift US wealth, even as stocks fall

ASHINGTON (AP) — Americans' household wealth rose in the first three months of this year as home values increased, offsetting a drop in stock prices.

US stocks back away from recent gains as banks slump

NEW YORK (AP) — U.S. stocks are falling Thursday and returning some of their gains from the last few days. Banks are skidding as bond yields fall and interest rates weaken. Mining and metals companies are also slipping, while lower bond yields are giving utility and phone companies a lift.

Eurozone's top banker: governments must act to help economy

BRUSSELS (AP) — European Central Bank President Mario Draghi is calling on governments to do more to make their economies more competitive and create jobs as the region's aging population weighs on labor markets.

Fewer Americans applied for jobless benefits last week

WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week, a sign that employers are hanging on to workers despite a sluggish economy.

Investigator: FDA still taking months to recall tainted food

WASHINGTON (AP) — Federal health officials failed to force a recall of peanut butter and almond products for three months after advanced DNA testing confirmed salmonella contamination, government investigators reported Thursday.


TUESDAY, JUNE 7
STATEWIDE

Names for chemical elements honor Moscow, Japan, Tennessee

Shelter reopens near bear attack at Great Smoky Mountains

GATLINBURG (AP) — A shelter near where a black bear bit a camper last month at Great Smoky Mountains National Park has reopened.

HEALTH CARE

Physical therapy group campaigns to combat opioid epidemic

ALEXANDRIA, Va. (AP) — The American Physical Therapy Association is launching a public education campaign in response to the nation's opioid abuse epidemic. The U.S. is currently in the grip of a prescription drug epidemic and resurgence in the use of heroin stemming from painkiller abuse.

TECHNOLOGY

Your phone may soon sense everything around you

SAN FRANCISCO (AP) — Suppose your smartphone is clever enough to grasp your physical surroundings — the room's size, the location of doors and windows and the presence of other people. What could it do with that info?

NATIONAL/INTERNATIONAL BUSINESS

US job openings rise, yet employers cut back on filling them

WASHINGTON (AP) — U.S. employers advertised the most open jobs in nine months in April but pulled back on filling them, a sign of caution that may reflect concerns about tepid economic growth.

US stocks extend gains as mining and machinery makers rise

World Bank downgrades its forecast for 2016 global economy

WASHINGTON (AP) — The World Bank is reducing its forecast for the global economy this year — again.


MONDAY, JUNE 6

COURTS

Activists file suit challenging Tennessee counseling law

CLINTON (AP) — Two gay rights activists have filed a lawsuit challenging a new Tennessee law that lets therapists decline to see patients based on religious values and personal principles.

REGION

Southern Baptists see 9th year of membership decline

Southern Baptists see 9th year of membership decline

AUTO INDUSTRY

GM CEO sticks to strategy despite falling sales and shares

DETROIT (AP) — Despite tumbling U.S. sales and a falling stock price, General Motors CEO Mary Barra says she's sticking with a strategy of cutting low-profit sales to rental car companies and keeping prices strong.

STATEWIDE

Black Caucus to hold forums on criminal justice reform

NASHVILLE (AP) — The Tennessee Black Caucus of State Legislators will hold forums at churches in Nashville and Memphis to discuss criminal justice reform.

REAL ESTATE

Zillow to pay $130M to settle lawsuit by rival Move Inc.

SEATTLE (AP) — Seattle-based real-estate information website Zillow is paying $130 million to settle a lawsuit brought by rival Move Inc.

NATIONAL/INTERNATIONAL BUSINESS

Consumer borrowing slowed in April

WASHINGTON (AP) — Consumers slowed their borrowing in April after pushing up their debt levels by a record amount in March.

Late sell-off leaves US stocks barely higher; oil rises

NEW YORK (AP) — Stock indexes inched upward Tuesday, led by gains in energy companies as the price of oil closed above $50 a barrel for the first time in almost a year.

Gannett still in the hunt for Tribune Publishing

NEW YORK (AP) — Gannett is still in the hunt for Tribune Publishing, a day after investors in the Chicago company showed lackluster support for its board.

US worker productivity slumped again in Q1

WASHINGTON (AP) — American workers were less productive again in the January-March quarter, although the decline wasn't as severe as first thought. Meanwhile, labor costs climbed at a faster pace than initially estimated.

Ralph Lauren closing stores as sales slump

NEW YORK (AP) — Ralph Lauren is closing stores, focusing more on its most popular brands and trimming layers from its management team seven months after bringing in a new CEO to reverse its declining fortunes.

Saudis to create more jobs, cut subsidies in reform plan

DUBAI, United Arab Emirates (AP) — Saudi Arabia on Tuesday unveiled the details of the first phase of an economic overhaul aimed at reducing reliance on oil exports and preparing for the millions of young people who will be seeking jobs and affordable housing in the coming years.


FRIDAY, JUNE 3
STATEWIDE

New nuclear plant reactor begins generating electricity

CHATTANOOGA (AP) — The newest reactor at the Watts Bar Nuclear Plant in Spring City has begun generating electricity.

TECHNOLOGY

Facebook founder's Twitter account briefly hijacked

PARIS (AP) — Facebook founder Mark Zuckerberg has briefly had his Twitter account hijacked.

NATIONAL POLITICS

Obama administration designates 9 new promise zones, including Nashville

WASHINGTON (AP) — The Obama administration has added nine communities to its effort to ease access to federal aid and cut red tape for areas beset by joblessness, hunger, crime and poor housing.

NATIONAL/INTERNATIONAL BUSINESS

Federal Reserve relief and oil prices send stocks higher

NEW YORK (AP) — Stocks jumped Monday after Federal Reserve Chair Janet Yellen again managed to soothe investors' jangled nerves. The Standard & Poor's 500 index made its highest close in 2016, and oil prices also reached their highest levels of the year.

Economists increasingly uncertain about US growth this year

Business economists are giving a more pessimistic outlook about U.S. economic growth this year for the third consecutive month and uncertainty over the November presidential election has proven to be damaging.

Yellen: Economy improving but timing of rate hike is unclear

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen indicated Monday that the U.S. economy is improving but remains defined by so many uncertainties that it's unclear when the Fed should resume raising interest rates.

US presses China over industrial glut at strategic dialogue

BEIJING (AP) — U.S. envoys pressed China on Monday to cut excess steel production that is flooding global markets and to reach a diplomatic settlement to territorial disputes in the South China Sea as the two sides opened a high-level dialogue.

American will reward fliers based on dollars, not miles

DALLAS (AP) — American Airlines is following other airlines by basing perks like free flights on how much passengers spend on tickets, not how many miles they fly.

MIDSTATE

Family: Blue Angels pilot killed in crash dreamed of flying

SMYRNA (AP) - A Blue Angels pilot who died when his F/A-18 fighter jet crashed near Nashville, Tennessee, had wanted to fly since he was a child, relatives said.

REAL ESTATE

Average 30-year US mortgage rate rises to 3.66 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week for a third straight week yet remained near three-year lows as the home buying season progresses.

NATIONAL/INTERNATIONAL BUSINESS

Energy bill prospects dim in dispute over drilling, drought

WASHINGTON (AP) — Congressional efforts to approve the first major energy bill in nearly a decade are in jeopardy amid a partisan dispute over oil drilling, water for drought-stricken California and potential rollback of protections for the gray wolf and other wildlife.

High court rejects Google's appeal in class action lawsuit

WASHINGTON (AP) — The Supreme Court won't hear an appeal from Google over a class action lawsuit filed by advertisers who claim the internet company displayed their ads on "low quality" web sites.

In advance of Yellen speech, Brainard urges caution on rates

WASHINGTON (AP) — In a possible preview of a speech Federal Reserve Chair Janet Yellen will give Monday, a close ally said Friday that the Fed should be in no hurry to raise interest rates, especially after a bleak U.S. jobs report.

Big banks, waited years for a rate hike, get pummeled

NEW YORK (AP) — With oddsmakers all but pulling a summer rate hike off the table after a terrible U.S. jobs report and a wash of other disheartening economic data, the nation's biggest banks took pummeling from investors Friday.

US hiring grinds to a near-halt; many stop looking for work

WASHINGTON (AP) — U.S. hiring slowed to a near-standstill in May, sowing doubts about the economy's health and complicating the Federal Reserve's efforts to raise interest rates.

US stocks, dollar slide after weak jobs report

Banks and other financial companies led a modest decline in U.S. stocks Friday after a report indicating that hiring slowed sharply in May put investors in a selling mood.

Tribune renames itself 'Tronc' while Gannett weighs its bid

NEW YORK (AP) — We still don't know if USA Today owner Gannett will continue its $864 million bid for Tribune Publishing, but we do know that no one will have Tribune to kick around anymore.

Wal-Mart's CEO urges employees to reimagine company's future

FAYETTEVILLE, Ark. (AP) — Wal-Mart's CEO urged employees on Friday to reimagine its future in a fast-shifting retail landscape.

Wal-Mart testing Uber, Lyft for online grocery delivery

BENTONVILLE, Ark. (AP) — Wal-Mart Stores Inc. says it will be testing its grocery delivery service with ride-hailing companies Uber and Lyft in the next two weeks in Denver and Phoenix.

Gap says key sales measure slides 6 percent in May

NEW YORK (AP) — Gap says sales at established stores fell 6 percent in May. That was better than the 7 percent decline forecast by Thomson Reuters.

Federal regulators look to severely curb payday lending

NEW YORK (AP) — Federal regulators proposed a significant clampdown on payday lenders and other high interest loans on Thursday, the first nationwide attempt to address an industry widely thought of as taking advantage of the poor and desperate.

OPEC states fail to reach deal on production

VIENNA (AP) — OPEC countries failed Thursday to agree on measures to influence crude supplies and prices — a missed opportunity to show the resolve that for decades let them set how much consumers and industries worldwide would pay for gas, heating and related necessities.

Survey: US companies add a solid 173,000 jobs in May

WASHINGTON (AP) — U.S. businesses added 173,000 jobs last month, lifted by strong gains in services industries, according to a private survey.

Portrait of US economy looks cloudier after poor jobs report

WASHINGTON (AP) — An unexpectedly bleak May jobs report has suddenly muddied the outlook for the U.S. economy.

TSA chief says progress being made on shortening lines

WASHINGTON (AP) — Significant progress has been made on shortening screening lines since earlier this spring when airlines reported thousands of frustrated passengers were missing flights, the head of the Transportation Security Administration said Tuesday.

NATIONAL POLITICS

Senate GOP drops push to 'defund Obamacare'

WASHINGTON (AP) — Republicans controlling the Senate are abandoning an effort to use their power over the federal purse strings to block implementation of the Affordable Care Act.

Average US 30-year mortgage rate slips to 3.60 percent

ASHINGTON (AP) — Long-term U.S. mortgage rates fell this week after three straight weeks of increases. The drop followed a surprisingly weak employment report that deepened doubts about the economy.

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