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VOL. 35 | NO. 29 | Friday, July 22, 2011

Capitalizing on the Past

Nashville remains outflanked in Civil War tourism efforts

Standing on the corner of Fifth Avenue North and Lower Broadway, tourists Dean and Pamela Roberts pause when asked to name the closest historic Civil War site.

Franklin aims to build nation’s top Civil War museum

Author, Civil War student and Franklin preservationist Robert Hicks has seen many visions come true thanks to the teamwork and tenacity of all aspects of the community that has joined the royalty of American historic tourism sites.

Williamson a model for Civil War tourism

Those plotting to improve Civil War tourism in Nashville need only look to Franklin for guidance.

Civil War Trails directs tourists to Tennessee sites

Lee Curtis, director of program development for the Tennessee Department of Tourism, is excited by the success and the prospects of the Civil War Trails (civilwartrails.org) program, funded by federal grants and local fund-raising.

Local Weather
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Wind: North at 9.2 mph
Humidity: 53%

EVENTS

Intellectual Property Seminar. The law firm of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC will present on Thursday the second in a series of seminars focused on the basics of intellectual property issues for advertising and marketing professionals, this installment focusing on copyright. The Aug. 18 seminar will focus on “Use of an Individual’s Name, Image, Voice or Likeness in Advertising.” Seminars are held at the firm’s downtown office, 211 Commerce Street, Suite 800, noon-1 p.m. The events are free and lunch will be provided. Advance registration requested. Information: 726.5705.

more events »

GREEN BUSINESS

Little house promotes big construction ideals

When Jane Hardy and her husband Rod Kochtitzky purchased a 1920’s bungalow in 1992, it came with a small – 750 square-feet – garage and servant’s quarters tucked around back.

REALTY CHECK

Who ya gonna call (first)? Termite ‘controller’

Termites. The word strikes fear in the minds of homebuyers, ripping their hearts and setting their souls aquiver.

GET A JOB!

Adapting to change no longer an option

In the 1970s, a book titled Future Shock described a world of rapid change with consequential impact on everyone and everything. That world is now here in ways the author could never have imagined.

NEWSMAKERS

Oldham joins CB Richard Ellis

Russell Oldham has joined the Nashville office of CB Richard Ellis (CBRE) as vice president in the firm’s Capital Markets Multi-Housing Group. Oldham will work with Steve Massey, a 25-year veteran in multi-family investment sales. Oldham was formerly responsible for development, acquisitions, and finance at Hathaway Properties, Inc., a multi-housing firm based in Atlanta which has developed over 12,000 units throughout the southeast.

BUSINESS BOOK REVIEW

Insider view of Google’s success

The meeting is at 4.

GUERILLA MARKETING

Eight-second rule of first impressions

Eight seconds. It’s the length of a successful bull ride. And it’s also how long we have to leave an indelible impression on those we meet.

KAY'S COOKING CORNER

Holy mackerel! Cooking this fish is really easy

My family and I took a much-needed vacation to Orange Beach, Ala., this past week. If anyone tried to tell me that area is still suffering from the oil spill and the hurricanes over the last few years, I would have a hard time believing them. They are booming, at least it seemed that way to me.

STATEWIDE

Minor parties sue for easier ballot access

NASHVILLE (AP) — Two political parties have filed a federal lawsuit in Nashville, claiming state law makes it too hard for them to get candidates on the ballot.

Tenn. high court making it easier to seek divorce

NASHVILLE (AP) — The Tennessee Supreme Court is allowing certain court forms to be accepted in courts across the state in some divorce cases.

All Tennessee BlueCross stored data now secure

CHATTANOOGA (AP) — BlueCross BlueShield of Tennessee says it has secured all its stored electronic records and there is no indication any customer information on computer hard drives stolen in October 2009 has been misused.

NATIONAL BUSINESS

Applications for unemployment aid drop below 400K

WASHINGTON (AP) — The number of people seeking unemployment benefits dropped last week to the lowest level since early April, a sign the job market may be healing after a recent slump.

Oil wavers on debt ceiling, tropical storm

NEW YORK (AP) — Oil was lower Thursday afternoon, as traders waited to learn more about the possible impact of a tropical storm in the Gulf of Mexico, the wrangling over the debt ceiling in Washington and the debt crisis in Europe.

Big Oil reaps big profit in 2Q as fuel price soar

NEW YORK (AP) — Big Oil continued to make big money in the second quarter.

NATIONAL POLITICS

House voting on GOP bill _ key step in debt fight

WASHINGTON (AP) — As a crucial vote neared, Republican leaders pleaded with their fractious rank and file Thursday to support a House plan to stave off an unprecedented government default. Many of the chamber's GOP freshmen, crucial to passage, were climbing aboard, but leaders weren't ready to claim victory.

Voter frustration grows as debt deadline looms

WASHINGTON (AP) — Bob Krogman, an Air Force veteran who survived three helicopter crashes over North Vietnam, leaves little doubt about what he thinks of politicians when asked about the debt ceiling debate in Washington.

Pitching for votes with movie clips, coarse talk

WASHINGTON (AP) — Movie clips, some coarse talk and behind-the-scenes hardball.

Gov't: Health tab to hit $4.6 trillion in 2020

WASHINGTON (AP) — The nation's health care tab is on track to hit $4.6 trillion in 2020, accounting for about $1 of every $5 in the economy, government number crunchers estimate in a report out Thursday.

WEDNESDAY, JULY 27
NATIONAL BUSINESS

Low taxes, high health costs make US choices tough

WASHINGTON (AP) — Wealthy countries all over the world are dealing with debts and strained budgets as they mop up after the Great Recession and brace for the budget-busting retirement of the baby boomer generation.

Nissan quarterly profit drops 20 percent

TOKYO (AP) — Nissan's quarterly profit dropped a smaller-than-expected 20 percent as Japanese automakers took a battering from the quake and tsunami disaster that disrupted car production and destroyed dealerships.

Oil falls below $99 after US crude supply jump

Oil prices fell below $99 a barrel Wednesday in Europe after a report showed U.S. crude supplies unexpectedly jumped last week, suggesting demand may be weakening.

Durable goods orders fall 2.1 percent in June

WASHINGTON (AP) — U.S. businesses cut back on orders for aircraft, autos, heavy machinery and computers in June, sending demand for long-lasting manufactured goods lower for the second month in the past three.

Delta 2Q profit falls 58 pct; 2,000 take buyouts

NEW YORK (AP) — Delta Air Lines said 2,000 workers took voluntary buyouts and it will reduce its flying more than planned later this year as it cuts costs to make up for higher fuel prices.

NATIONAL POLITICS

Democrats say Obama should invoke 14th Amendment

WASHINGTON (AP) — House Democrats said Wednesday that President Barack Obama should invoke a little-known constitutional provision to prevent the nation from going into default if Congress fails to come up with a plan to raise the debt ceiling.

GOP retools plan as Congress seeks debt fix

WASHINGTON (AP) — Six days away from a potentially calamitous government default, House Republicans appeared to be coalescing Wednesday around a work-in-progress plan by House Speaker John Boehner to increase the U.S. borrowing limit and chop $1 trillion in federal spending. But the White House dismissed the proposal as a waste of time, and it got a thumbs-down from Senate Democrats and tea party activists, too.

S&P official: Credible deficit cuts being proposed

WASHINGTON (AP) — The head of a top credit rating agency says that some of the deficit-cutting plans being considered by Congress could bring the U.S. debt burden down to a level that would allow the country to keep its triple-A credit rating.

Analysts: Senate Dem plan would save $2.2 trillion

WASHINGTON (AP) — Congressional budget analysts say a Senate Democratic plan to cut spending and increase the nation's borrowing authority would save $2.2 trillion over 10 years.

Conservative leader takes fight to his own party

WASHINGTON (AP) — When President Barack Obama complains about House Republicans unwilling to compromise on a deficit reduction package, he's talking about Rep. Jim Jordan, a former wrestling champion from Ohio who is becoming a driving force in the debt debate on Capitol Hill.

TUESDAY, JULY 26
NASHVILLE AREA

Tennessee protesters urge Congress to act on debt

FRANKLIN (AP) — Protesters in Franklin said on Tuesday that lawmakers in Washington are "holding America hostage" as they argue over increasing the nation's borrowing limit.

Nashville woman gets 3 years in prison for fraud

NASHVILLE (AP) — A Nashville woman has been sentenced to three years in prison for health care fraud amounting to $650,000.

STATEWIDE

TBI finds no criminal conduct by Reagan Farr

NASHVILLE (AP) - The Tennessee Bureau of Investigation has found no criminal wrong-doing by former State Revenue Commissioner Reagan Farr.

NATIONAL BUSINESS

Consumer confidence rises in July

NEW YORK (AP) — Two years into the recovery, Americans' confidence in the economy continues its rollercoaster ride.

Wealth gap widens between whites, minorities

WASHINGTON (AP) — The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data.

Spring buying boosted home prices for 2nd month

WASHINGTON (AP) — Home prices rose for the second straight month in most major U.S. cities and are stabilizing after years of declines. But analysts say the trend in prices hardly signals a rebound for the troubled housing market.

New home sales fell 1 percent in June

WASHINGTON (AP) — Fewer Americans bought new homes in June, evidence that the housing market remains weak.

Oil rises to near $100 as US debt talks drag on

Oil rose Tuesday as lawmakers continued to talk about the nation's debt limit and the dollar weakened on uncertainty about the economy.

Ford says 2Q profit falls as costs rise

DEARBORN, Mich. (AP) — Ford Motor Co. says its second-quarter profit dropped slightly as higher sales were offset by the cost of developing new products and expanding sales in Asia.

Chrysler reports 2Q loss due to bailout repayment

DETROIT (AP) — Chrysler retreated to a loss for the second quarter, but only because the expense of shedding its government debt erased what would have been a modest profit.

UPS sticks with its outlook as 2Q earnings rise

NEW YORK (AP) — UPS says it still expects to grow earnings this year despite an "uneven economic environment." It's keeping its forecast for the year after reporting second-quarter earnings rose 26 percent.

NATIONAL POLITICS

White House threatens to veto Boehner's House plan

WASHINGTON (AP) — The White House threatened on Tuesday to veto emergency legislation pending in the House to avert a threatened national default, a pre-emptive strike issued as Republican Speaker John Boehner labored to line up enough votes to pass the measure.

Rival plans to cut spending: The details

WASHINGTON (AP) — Senate Democrats and House Republicans are pushing rival plans to reduce future budget deficits and avert a potential government default next week. Neither plan raises taxes or cuts major benefit programs such as Medicare, Medicaid or Social Security.

House plans vote on balanced budget amendment

WASHINGTON (AP) — House GOP leaders are planning a vote Thursday on a proposed amendment to the Constitution requiring a balanced budget.

Obama: Halt '3-ring-circus,' avert US default

WASHINGTON (AP) — In unprecedented back-to-back appearances on nationwide television, President Barack Obama and House Speaker John Boehner clashed Monday night over the cause and cure for the nation's debt crisis. The two men spoke as Congress remained gridlocked on legislation to avert a threatened default after Aug. 2.

No end in sight for FAA shutdown

WASHINGTON (AP) — In Traverse City, Mich., work on replacing a 30-year-old air traffic control tower at Cherry Capital Airport has been halted. The job was about 40 percent completed, and crews had planned to lift the "cab" section to the top of the tower this week, airport manager Kevin Klein said.

MONDAY, JULY 25
STATEWIDE

Tenn. among 10 states to get education grant

NASHVILLE (AP) - Tennessee has been awarded a $1 million grant to fund innovative ways to improve the state's college completion rates.

Republicans criticized for in-session fundraiser

NASHVILLE, Tenn. (AP) — A campaign watchdog group and Democrats are criticizing Republicans for accepting thousands of dollars from special interests and lobbying firms at a fundraiser this spring despite a ban on in-session fundraising.

NATIONAL BUSINESS

Wealth gap widens between whites, minorities

WASHINGTON (AP) — The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data.

Analysts see oil rising if US defaults on debt

NEW YORK (AP) — If the U.S. defaults on its debt, it would send shockwaves through oil markets that could push fuel prices higher, analysts said Monday.

Stock futures sink after debt talks hit impasse

NEW YORK (AP) — Stock futures are falling a day after congressional leaders failed to agree on a deal to raise the nation's debt limit.

Treasury secretary says economy may have slowed

WASHINGTON (AP) — Treasury Secretary Timothy Geithner says the economy may have slowed during the second quarter of the year, but he's looking for it to pick up.

Blackberry maker to cut 2,000 jobs, splits COO job

NEW YORK (AP) — BlackBerry maker Research In Motion Ltd. is cutting 2,000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives.

NATIONAL POLITICS

Challenging Obama, House GOP unveils new debt bill

WASHINGTON (AP) — In a blunt challenge to President Barack Obama, House Republicans drafted legislation Monday to avert a potentially devastating Aug. 2 government default — but along lines the White House has already dismissed. U.S. and world financial markets shrugged off the uncertainty.

WH: Reid plan to solve debt crisis "reasonable"

WASHINGTON (AP) — The White House is getting behind a proposal by Senate Majority Leader Harry Reid to avert a debt-limit crisis by trimming $2.7 trillion of government spending. The White House stopped short of issuing a veto threat against a competing House Republican plan.

Top Senate Democrat faults GOP extremists on debt

WASHINGTON (AP) — Senate Majority Leader Harry Reid says a debt limit standoff between Democrats and the Republican-led House is being driven by GOP extremists.

Schumer: Reid plan could end political stalemate

WASHINGTON (AP) — The third ranking Democrat in the Senate says a deficit-reduction proposal put forward by Majority Leader Harry Reid has the best chance of ending the political stalemate and avoiding a government default.

FRIDAY, JULY 22
STATEWIDE

Environmental group disappointed in EPA guidelines

NASHVILLE (AP) - A Tennessee environmental group is concerned that new Environmental Protection Agency guidelines on surface mining and water quality offer fewer protections for the state's waterways than the interim guidelines they replaced.

Haslam's Cabinet making fewer out-of-state trips

KNOXVILLE (AP) — Gov. Bill Haslam's Cabinet members have taken fewer out-of-state trips this year than their predecessors did in their last six months of Gov. Phil Bredesen's administration.

Tenn. unemployment rises to 9.8 percent in June

NASHVILLE (AP) - Gov. Bill Haslam says state officials are discussing the impact of a lowered credit rating if the U.S. government's credit rating is downgraded.

Governor mulls possible credit rating drop

NASHVILLE (AP) - Gov. Bill Haslam says state officials are discussing the impact of a lowered credit rating if the U.S. government's credit rating is downgraded.

Chemical plant coming to Humphreys County

NASHVILLE (AP) - Occidental Chemical Corp. of Dallas has announced plans to build a plant in Humphreys County, Tenn., that will create approximately 85 full-time jobs.

NASHVILLE AREA

Founder of Tea Party Nation sued by hotel

FRANKLIN (AP) - A Las Vegas hotel has sued the founder of the for-profit Tea Party Nation, saying the Tennessee attorney owes more than a half-million dollars for a canceled convention.

3 honored by coalition for immigration work

NASHVILLE (AP) — The Tennessee Immigrant & Refugee Rights Coalition has honored two individuals and a public TV station for their leadership in immigration matters.

NATIONAL BUSINESS

A boom in corporate profits, a bust in jobs, wages

WASHINGTON (AP) — Strong second-quarter earnings from McDonald's, General Electric and Caterpillar on Friday are just the latest proof that booming profits have allowed Corporate America to leave the Great Recession far behind.

Unemployment rates rose in majority of US states

WASHINGTON (AP) — Unemployment rates rose in more than half of U.S. states in June, evidence that slower hiring is affecting many parts of the country.

Oil heads for $100 as Greece aid deal reached

SINGAPORE (AP) — Oil prices rose toward $100 a barrel Friday in Asia after European leaders reached an aid deal aimed at stanching Greece's financial crisis.

Second Greece bailout sends world stocks higher

TOKYO (AP) — World stock markets climbed Friday as investors signaled their approval of a massive new bailout plan for Greece and broader measures to tackle the continent's debt problems.

GE 2Q profit up 21 percent, financial arm improves

NEW YORK (AP) — General Electric Co. said Friday that earnings grew 21 percent in the second quarter as its GE Capital lending arm continued to recover from the recession.

McDonald's net income rises 15 pct on strong sales

OAK BROOK, Illinois (AP) — McDonald's net income rose 15 percent in the second quarter, as it continued to bring in more customers, especially in Europe.

Economy's spring slump could last through summer

WASHINGTON (AP) — The economy's spring slump appears to be extending into the summer, according to a slew of mixed data released Thursday.

US gov't ends Chrysler investment; Fiat ups stake

WASHINGTON (AP) — The U.S. government no longer owns a piece of Chrysler.

Google's lobbying bill tops $2M for 1st time in 2Q

SAN FRANCISCO (AP) — Google Inc.'s quarterly lobbying expenses surpassed $2 million for the first time as the U.S. government conducts a wide-ranging investigation into the Internet search leader's business practices.

Regulators balk at demands for foreclosure reports

WASHINGTON (AP) — Banking regulators refused to commit to releasing details of their investigations into illegal foreclosure practices by the nation's largest banks.

NATIONAL POLITICS

Senate rejects House GOP budget-cutting plan

WASHINGTON (AP) — President Barack Obama and House Speaker John Boehner searched on Friday for an elusive debt-limit compromise as the Senate rejected a House plan containing deep spending cuts and for the moment put aside a last-ditch fallback option.

Boehner: 'No deal' on ending debt limit stalemate

WASHINGTON (AP) — Speaker John Boehner declared Friday that the House has "done its job" toward resolving the impasse over raising the government's debt limit and said it was time for the Senate to act.

Veteran Republicans keeping options open on debt

WASHINGTON (AP) — The House's rabble-rousing Republican freshmen and tea partyers have loudly refused to cut a deal as the GOP battles President Barack Obama over the government's debt. Yet when it's time for John Boehner to hunt votes for whatever accord he reaches with the White House, the House speaker will have a large pool of veteran GOP lawmakers to target.

President's debt offer: risky but could be win-win

WASHINGTON (AP) — It's hard to know which is more surprising: a Democratic president pushing historic cuts in spending, including Social Security and Medicare. Or a Republican-controlled House refusing to accept the deal and declare a huge victory for long-sought GOP goals.

GOP lawmaker: Boehner's debt bill lacks support

WASHINGTON (AP) — A top Republican House member says he thinks Speaker John Boehner lacks the GOP votes needed to pass his debt-ceiling plan in the House.

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