VOL. 42 | NO. 28 | Friday, July 13, 2018
SAM STOCKARD: VIEW FROM THE HILL
Using what could be the political acronym of the year, two Republican state lawmakers with expertise in pain treatment are playing on the popularity of President Donald Trump to pass medical pot legislation.
RICHARD COURTNEY: REALTY CHECK
There were 4,036 closings in June, Greater Nashville Realtors sales information reveals, a slight increase from 3,887 closings last June. Of note is that the 3,887 closings last year left an inventory of 8,842, while this June’s closings had 11,087 homes remaining on the market, a number more than last month’s 9,511.
WASHINGTON (AP) — Long-term U.S. mortgage rates edged higher this week, marking their first increase since early June.
By the time the Predators made their first selection of the 2018 NHL Entry Draft last month, 110 prospects had already been chosen by rival teams.
For many Tennesseans, the pain and financial loss of the Great Recession have faded.
Like most of America, Tennessee’s metropolitan areas have prospered during the last eight years, while the rural areas have lagged in almost every measure. The state has 19 of its 95 counties classified as “distressed.” What can and should we do to give every Tennessean a chance to succeed?
Green & Little, L.P., real estate investment and development firm based in Gallatin, has named Anderson Green as vice president. Green oversees day-to-day business operations at the asset management level and will be more involved in the overall strategic direction for Green & Little. He has been with the company since 2014.
Mill Point Capital has reached an agreement to acquire Franklin-based Affinion Insurance Solutions.
BEHIND THE WHEEL
The 2019 model year marks the start of a new cycle for some of America’s top trucks, led by redesigned pickups from Chevrolet and Ram. Ford’s top-selling F-150 had updates in 2018, and more may be in the offing for 2019. Typically, Japanese truck makers Nissan and Toyota aren’t far behind with their own updates. Edmunds breaks down what you need to know about today’s crop of full-size pickups.
BUSINESS BOOK REVIEW
You’ve handed in your keys. It was a bittersweet moment, that pass-along. Cleaning out your workspace was no big deal, a last trip to the lunchroom felt like any other day. But those keys… that part really got to you. “Retirement Reinvention” by Robin Ryan will help when your next thought is, “Well, now what?”
It’s often said that employees quit bosses, not jobs. Can you relate?
NASHVILLE (AP) — Republican U.S. Rep. Marsha Blackburn narrowly outraised Democratic former Gov. Phil Bredesen last quarter and maintains a 2-to-1 cash advantage against him in the open U.S. Senate contest in Tennessee, according to totals released by the campaigns.
NASHVILLE (AP) — The Nashville Predators have signed goaltender Juuse Saros to a three-year contract and forward Ryan Hartman to a one-year deal.
KNOXVILLE (AP) — Tennessee has suspended defensive lineman Ryan Thaxton from team activities following his arrest on charges of false imprisonment and domestic assault.
NASHVILLE (AP) — Nashville International Airport served more than 14.9 million passengers in the fiscal year just ended.
NASHVILLE (AP) — Law enforcement and firefighters are working with the Tennessee Titans in a blood drive this week.
ATLANTA (AP) — Georgia joins Alabama and three other states in a week-long speed enforcement operation beginning Monday.
SAN DIEGO (AP) — A federal judge on Monday ordered a temporary halt to any deportations of reunited families who were separated by the Trump administration after crossing the southwest border.
SEATTLE (AP) — Dollar for dollar, the beleaguered movement to bring charter schools to Washington state has had no bigger champion than billionaire Bill Gates.
NEW YORK (AP) — Major U.S. indexes closed mostly lower Monday as investors bought banks but sold most other types of stocks, including health care and technology companies. Energy stocks sank along with oil prices.
WASHINGTON (AP) — Countries and businesses that continue to import Iranian oil could avoid penalties by making "significant reductions" as Washington re-imposes sanctions on Tehran later this year, according to top U.S. officials.
NEW YORK (AP) — The chairman of the Federal Communications Commission is raising "serious concerns" about Sinclair's $3.9 billion deal for Tribune's television stations.
WASHINGTON (AP) — The Trump administration on Tuesday brought cases against China, the European Union, Canada, Mexico and Turkey at the World Trade Organization for retaliating against American tariffs on imported steel and aluminum.
WASHINGTON (AP) — The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year despite worries about rising trade tensions and higher oil prices. But the lending agency is downgrading the outlook for Europe and Japan.
LONDON (AP) — British Prime Minister Theresa May Monday accepted amendments to a customs bill put forward by Brexit hardliners who oppose her plan for a "common rule book" with the European Union after the country leaves the bloc.
WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month despite higher prices and modest wage gains, a sign of underlying consumer optimism.
BEIJING (AP) — China announced it filed a World Trade Organization challenge Monday to President Donald Trump's latest tariff threat, stepping up its diplomatic efforts to counter U.S. pressure in a spiraling technology dispute.
BRUSSELS (AP) — The European Union said Monday that Airbnb has until the end of August to address consumer complaints that the U.S. company's pricing and booking system can be misleading.
DETROIT (AP) — Most U.S. business economists expect corporate sales to grow over the next three months and hiring and pay to rise with them.
NEW YORK (AP) — Bank of America's second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax law. The bank also benefited from the recent rise in interest rates, allowing it to charge more for customers to borrow.
BERLIN (AP) — Germany's biggest bank, Deutsche Bank, said Monday that its earnings will be considerably higher than expected in the second quarter, a fact that it said underlines the "resilience" of the company after a period of trouble.
FRANKFURT, Germany (AP) — An international forum on financial regulation say virtual currencies such as bitcoin do not currently pose a threat to global stability but require "vigilant monitoring" as the market is changing rapidly.
NEW YORK (AP) — Amazon's annual "Prime Day" promotion that starts Monday will focus on new products, bringing Whole Foods into the process and persuading subscribers that Prime membership is worth the coming price hike.
WASHINGTON (AP) — Donald Trump's "America First" slogan morphed Monday into "Me First" as the president unloaded on his own intelligence community and Justice Department to portray himself as the victim of a conspiracy to deny him legitimacy. Trump also blamed American "foolishness and stupidity" for the poor state of U.S.-Russia relations, returning to themes he has repeated at political rallies around the United States.
WASHINGTON (AP) — President Donald Trump said Monday he sees no reason why Russia would have interfered in the 2016 election. Minutes earlier, on the same platform, Russian President Vladimir Putin offered a reason, even while denying Moscow ever meddled: He wanted Trump to win.
WASHINGTON (AP) — Key members of Congress, including some Republicans, are criticizing President Donald Trump's performance at a press conference with Russian President Vladimir Putin as "bizarre," ''shameful" and a "missed opportunity" to stand up to Russia.
WASHINGTON (AP) — President Donald Trump said Monday that Russian President Vladimir Putin privately made an "incredible offer" to help American investigators in their prosecution of 12 Russian intelligence officers accused of hacking crimes during the 2016 presidential election.
HELSINKI (AP) — Russia's Vladimir Putin said Monday he did want Donald Trump to win the 2016 U.S. presidential election but took no action during the campaign to make it happen. He said he favored the celebrity businessman because of his policies.
HELSINKI (AP) — With a wink and a slouch, respectively, President Donald Trump and Russia's Vladimir Putin opened their summit Monday as the American president declared that "the world wants to see us get along." Trump laid out a list of topics for discussion that notably did not include Russian meddling in the 2016 presidential election.
BEIJING (AP) — A senior European official on Monday urged U.S. President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos.
WASHINGTON (AP) — A U.S. lobbying firm sought to recruit the ambassadors of France, Germany and several other countries to demonstrate international support for severing Russian oligarch Oleg Deripaska's control of Rusal, the aluminum manufacturing giant sanctioned by Washington.
FRIDAY, JULY 13
DeMarco Murray is retiring from the NFL.
OWENSBORO, Ky. (AP) — The Bluegrass Music Hall of Fame and Museum has announced details of its grand opening this fall.
WASHINGTON (AP) — Twelve Russian military intelligence officers hacked into the Clinton presidential campaign and Democratic Party, releasing tens of thousands of stolen and politically damaging communications, in a sweeping conspiracy by the Kremlin to meddle in the 2016 U.S. election, according to a grand jury indictment announced days before President Donald Trump's summit with Russian President Vladimir Putin.
WASHINGTON (AP) — President Donald Trump's former personal lawyer, Michael Cohen, was in frequent contact with top officials of pharmaceutical giant Novartis as part of a $1.2 million consulting deal, and the Swiss-based company expected him to provide access to Trump administration policymakers, according to a report Friday by a group of Senate Democrats.
CHATTANOOGA (AP) — Tennessee's biggest health insurers are cutting the premiums for individual plans under the Affordable Care Act's health care exchange market for the first time.
NEW YORK (AP) — Stocks wrapped up another solid week Friday as industrial and energy companies ticked higher, but corporate earnings got off to a sluggish start as reports from several major U.S. banks failed to excite investors.
The U.S. has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world's biggest oil producer for the first time in more than four decades.
WASHINGTON (AP) — The Federal Reserve says it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth.
SAN ANTONIO (AP) — Detaining immigrant children has morphed into a surging industry in the U.S. that now reaps $1 billion annually — a tenfold increase over the past decade, an Associated Press analysis finds.
WASHINGTON (AP) — Stung by a federal judge's dismissal of its objections to AT&T's megamerger with Time Warner, the Trump Justice Department is challenging the decision with a legal appeal.
NEW YORK (AP) — Papa John's, which has featured founder John Schnatter in logos and TV ads, is pulling his image from its marketing after reports he used a racial slur.
ANCHORAGE, Alaska (AP) — Alaska's last two Blockbuster video stores are calling it quits, leaving just one store open in the U.S.
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the economy is in a "good place" at the moment with low unemployment and inflation rising toward the Fed's optimal range. But he says rising trade tensions and higher tariffs could end up being a drag on growth.
WASHINGTON (AP) — The federal government recorded a $74.9 billion deficit in June, a month when the government often runs a surplus, as corporate taxes dropped sharply compared to a year ago.
SEATTLE (AP) — Seven national fast-food chains have agreed to end policies that blocked workers from changing branches — limiting wages and job opportunities — under the threat of legal action from the state.
NEW YORK (AP) — As Amazon gears up for its Prime Day promotion, other big-name retailers like Macy's and eBay are launching deals and sales of their own. But small businesses — including those that don't sell much online — shouldn't sit on the sidelines.
BEIJING (AP) — China tried to step up pressure on Washington in their growing tariff war Thursday by suggesting U.S. companies lobby American leaders, while a Korean union warned President Donald Trump's threat of higher auto import duties could lead to job losses in Alabama.
FRANKFURT, Germany (AP) — Top officials at the European Central Bank expressed confidence at their last policy meeting that the eurozone economy remains "broadly on track" but expressed concern that rising trade protectionism could dampen business confidence and blunt the recovery.
LONDON (AP) — The British government released detailed plans Thursday for what it called a "principled pragmatic and ambitious" Brexit — plans that already triggered the resignation of two top ministers and split the governing Conservative Party, and which face likely resistance from the European Union.
WASHINGTON (AP) — Consumer prices rose in June from a year earlier at the fastest pace in more than six years, lifted by more expensive gas, car insurance, and higher rent.
NEW YORK (AP) — Papa John's founder John Schnatter is no longer board chairman after using a racial slur, but his image is still part of the pizza chain's logo and he remains the company's largest shareholder.
WASHINGTON (AP) — The Trump administration said Thursday all eligible small children who were separated from their families as a result of its zero-tolerance immigration policy have been reunited with their parents.
LONDON (AP) — London Mayor Sadiq Khan has told Sky News that it is up to President Donald Trump to explain why he keeps singling out the mayor for criticism.
WASHINGTON (AP) — President Donald Trump took credit for a supposed new decision by NATO members to increase military spending, though there was no evidence of that.
NEW YORK (AP) — The nation's consumer watchdog agency is accusing the Education Department of impeding a lawsuit that could potentially bring financial relief to millions of student loan borrowers.
WASHINGTON (AP) — An embattled FBI agent whose anti-Trump text messages exposed the Justice Department to claims of institutional bias vigorously defended himself at an extraordinary congressional hearing that devolved into shouting matches, finger-pointing and veiled references to personal transgressions.
WASHINGTON (AP) — House Speaker Paul Ryan is crediting the GOP's tax plan with improving the U.S. economy, an argument that's central to the Republican pitch to voters ahead of the midterm election.