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VOL. 43 | NO. 31 | Friday, August 2, 2019

Sound investment?

Not all music festivals are as successful as Bonnaroo or Live on the Green

The founders of Nashville’s Live on the Green music festival weren’t sure what to expect. It was 2009, their first year, and startup festivals are a risky, expensive venture that can either be a talked-about triumph or a practically ignored footnote in any given summer’s agenda.

JOE ROGERS: MY TAKE

Endangered cats get local love, comfort, care

Consider this an enthusiastic thank you to the Nashville Humane Association, which is helping to find homes for 80 cats and kittens rescued from deplorable conditions in Killeen, Texas.

TENNESSEE TITANS

Kicking duo more than footnote in Titan history

Except for one game – Oct. 11, 2009 – when the Tennessee Titans were in the midst of an 0-6 start, only two men have ever served as punters for the home team in what is now Nissan Stadium.

Local Weather
Currently
Nashville, TN
93.0°F
A Few Clouds
Wind: East at 5.8 mph
Humidity: 36%

EVENTS

County Fairs Agricultural fairs are a tradition in Tennessee, and Middle Tennessee has plenty to choose from. Middle Tennessee fairs and dates include:

more events »

Kern's take on his 5 Titan coaches

When outside linebacker Derrick Morgan retired a few weeks ago, it left punter Brett Kern as the longest tenured Titan, having been claimed off waivers from Denver six weeks into the 2009 season.

RICHARD COURTNEY: REALTY CHECK

Nashville pays respects to innovative builder

The city of Nashville lost a treasured, iconic character recently with the death of Rogan Allen. Arguably the best home builder in Nashville during his heyday, Allen was a sponge absorbing architectural history and construction knowledge and consistently incorporating the ancient practices into the current, cutting edge building trends worldwide.

A glance at US mortgage rates: 30-year loan steady at 3.75%

U.S. long-term mortgage rates were flat to slightly higher this week, as markets expected the Federal Reserve to cut its benchmark interest rate for the first time in a decade.

NEWSMAKERS

Nashville attorneys selected for AHLA

Bradley Arant Boult Cummings LLP has announced two of the firm’s Nashville attorneys, Stephanie M. Hoffmann and Janus Pan have been selected to participate in the American Health Lawyers Association Leadership Development Program.

BRIEFS

Stonebridge unveils webinars for athletes, entertainers

Nashville-based Stonebridge Wealth Management and the Association of International Certified Professional Accountants are launching a program of joint quarterly webinars for professional athletes and entertainers.

PERSONAL FINANCE

Don't be duped by these phone and email scams

Some of us in the personal finance realm have a weird little hobby: We try to scam the scam artists.

UT SPORTS

Vols' Pruitt looks backward to move forward

First-year head coach Jeremy Pruitt was so focused on the bigger picture, he unintentionally overlooked what truly matters most.

BUSINESS BOOK REVIEW

What it takes to make it as a private investigator

You need to pick up one of those magnifying glasses. Oh, and a trenchcoat. You want to close cold cases and fight crime, so those must be mandatory, right?

MILLENNIAL MONEY

More money leads to more problems in the long run

A few years ago, my best friend said something that really stuck with me. The gist was this: it doesn’t matter whether you make $25,000 or $100,000 a year – you’ll still feel like you don’t have enough money.

BEHIND THE WHEEL

Best all-in-one vehicles for summer camping

The vehicle you drive every day can be a platform for the exploration of the nation’s campsites if you consider factors such as space, appropriate on- and off-road capability, and general comfort. Some auto manufacturers now also offer specific features that make their vehicles particularly camping-friendly.


WEDNESDAY, AUG. 7
NATIONAL/INTERNATIONAL POLITICS

Mayors urge Senate to return to Washington for gun bill vote

WASHINGTON (AP) — More than 200 mayors, including two anguished by mass shootings in Texas and Ohio, are urging the Senate to return to the Capitol to act on gun safety legislation amid criticism that Congress is failing to respond to back-to-back shootings that left 31 people dead.

NATIONAL/INTERNATIONAL BUSINESS

Trump calls on Fed to make 'substantial' rate cuts

WASHINGTON (AP) — President Donald Trump is not letting up on his attacks on the Federal Reserve, calling for "substantial" Fed rate cuts to allow the dollar to fall in value against foreign currencies.

Airline industry says demand up 5% in June compared to 2018

BERLIN (AP) — The International Air Transport Association says passenger traffic grew by a "solid" 5% in June compared with the same month last year, despite the impact of U.S.-China trade tensions.

China imports from US fall 19% in July amid trade war

BEIJING (AP) — Chinese imports of American goods plunged in July as a tariff war with Washington intensified.


TUESDAY, AUG. 6
NATIONAL/INTERNATIONAL POLITICS

McConnell, GOP Senate unlikely to act swiftly on guns

WASHINGTON (AP) — Senate Majority Leader Mitch McConnell is resisting pressure to bring senators back from recess to address gun violence.

AP FACT CHECK: Trump twists facts on gun control and tariffs

WASHINGTON (AP) — Battling dual crises of gun violence and trade, President Donald Trump is twisting the facts in regards to gun control and exaggerating his case for tariffs against China.

Bipartisan 'red flag' gun laws plan has support in Congress

WASHINGTON (AP) — Despite frequent mass shootings, Congress has proved to be unable to pass substantial gun violence legislation, largely because of resistance from Republicans.

TECHNOLOGY

Panels overturns settlement approval in Google privacy suit

DOVER, Del. (AP) — A federal appeals court has rejected a settlement in a class-action lawsuit alleging that Google spied on users' online activity using tracking "cookies," even when privacy settings were set to prevent the snooping.

AUTO INDUSTRY

Nissan pays $1.5M in crash of car without side air bags

Nissan pays $1.5M in crash of car without side air bags

NATIONAL/INTERNATIONAL BUSINESS

Stocks recover after economic worries set off an early skid

U.S. stocks turned higher Wednesday afternoon as investors shook off early jitters that had briefly pulled the Dow Jones Industrial Average down more than 580 points.

Why a US-China deal that once looked close now seems far off

WASHINGTON (AP) — A deal seemed so close.

Perdue: US farmers will regain markets lost in trade war

U.S. Agriculture Secretary Sonny Perdue told nervous Midwestern farmers on Wednesday that he's confident that they'll eventually regain the markets they've lost in the Trump administration's trade war with China.

Consumer credit up $14.6 billion, slowest in 3 months

WASHINGTON (AP) — Consumer borrowing slowed in June to the smallest increase in three months as a jump in auto loans and student loans was offset by a big drop in borrowing on credit cards.

FedEx severs ties with Amazon

NEW YORK (AP) — FedEx is severing ties with Amazon as the online retailer builds out its own delivery fleet and becomes more of a threat.

COURTS

Cyntoia Brown is released from Tennessee women's prison

NASHVILLE (AP) — "I thank Governor and First Lady Haslam for their vote of confidence in me and with the Lord's help I will make them as well as the rest of my supporters proud," she wrote.


MONDAY, AUG. 5

REGION

Tennessee Valley Authority ups nuclear output, cuts carbon

ATHENS, Ala. (AP) — The Tennessee Valley Authority says it's completed a $475 million upgrade at its oldest nuclear power plant in a move that helped boost the amount of electricity it produces without carbon emissions.

COURTS

Cyntoia Brown scheduled to leave prison after clemency

NASHVILLE (AP) — A woman who said she was a 16-year-old sex-trafficking victim when she killed a man in 2004 is scheduled to be released from prison this week after being granted clemency .

MEDIA

Nobel laureate Toni Morrison dead at 88

NEW YORK (AP) — Nobel laureate Toni Morrison, a pioneer and reigning giant of modern literature whose imaginative power in "Beloved," ''Song of Solomon" and other works transformed American letters by dramatizing the pursuit of freedom within the boundaries of race, has died at age 88.

TECHNOLOGY

The Apple credit card is here

NEW YORK (AP) — The Apple credit card designed primarily for mobile use is here.

NATIONAL/INTERNATIONAL POLITICS

AP FACT CHECK: Trump distorting his record on gun control

WASHINGTON (AP) — President Donald Trump is distorting his record when it comes to gun control.

China vows to counter US deployment of midrange arms in Asia

BEIJING (AP) — China said Tuesday that it "will not stand idly by" and will take countermeasures if the U.S. deploys intermediate-range missiles in the Asia-Pacific region, which Washington has said it plans to do within months.

NATIONAL/INTERNATIONAL BUSINESS

US stocks notch solid gains as China stabilizes currency

Stocks closed broadly higher Tuesday as Wall Street regained its footing a day after the market had its biggest decline in a year.

US job openings flat in June at 7.35 million

WASHINGTON (AP) — The number of open U.S. jobs was largely unchanged in June and hiring slipped, suggesting the job market has cooled a bit.

Walmart wrestles with how to respond to active shooters

NEW YORK (AP) — Like most retailers, Walmart is accustomed to the everyday dealings of shoplifters. Now, it's confronting a bigger threat: active shooters.

NASHVILLE AREA

Tennessee city website compromised by 'Iranian Hackers'

MURFREESBORO (AP) — A Tennessee city is working to fix a portion of its website that was hacked over the weekend.


FRIDAY, AUG. 2
MEDIA

Newspaper chain GateHouse buying Gannett, USA Today owner

NEW YORK (AP) — Two of the country's largest newspaper companies have agreed to combine in the latest media deal driven by the industry's struggles with a decline in printed editions.

NASHVILLE AREA

No fancy fixin' plans for original Tennessee Cracker Barrel

LEBANON (AP) — Restoration plans for the original Cracker Barrel Old Country Store in Tennessee have been chopped.

AUTO INDUSTRY

Ford shows most powerful street-legal Mustang with 760 hp

DETROIT (AP) — The most powerful street-legal Ford Mustang ever built will go on sale this fall.

NATIONAL/INTERNATIONAL POLITICS

Democrats: Trump should demand Senate vote on gun bill

WASHINGTON (AP) — If President Donald Trump is serious about strengthening gun laws in the wake of two mass shootings, he should demand that Senate Majority Leader Mitch McConnell put a House-passed bill strengthening background checks up for a vote, congressional Democrats said Monday.

Trump says he wants stronger gun checks, but reneged in past

WASHINGTON (AP) — President Donald Trump claimed Monday he wants legislation providing "strong background checks" for gun users, but he provided no details and has reneged on previous promises to strengthen gun laws after mass shootings.

Joe Biden's brother and hedge fund manager accused of fraud

MCMINNVILLE (AP) — A federal lawsuit accuses the brother of former Vice President Joe Biden, hedge fund manager Michael Lewitt and others of attempting to defraud a Tennessee business.

NATIONAL/INTERNATIONAL BUSINESS

S&P 500 plunges in worst loss of year as trade war escalates

NEW YORK (AP) — U.S. stocks plunged to their worst loss of the year Monday and investors around the world scrambled to sell on worries about how much President Donald Trump's worsening trade war will damage the global economy.

Lashing back, China lets yuan drop, halts US farm purchases

WASHINGTON (AP) — China decided Monday to meet President Donald Trump's latest tariff threat with defiance, letting its currency drop to an 11-year low and halting purchases of U.S. farm products.

Survey: US services sector slips to worst growth in 3 years

WASHINGTON (AP) — The pace of expansion for U.S. services companies fell to its slowest pace in nearly three years, as gauges of business activity and new orders weakened.

China's yuan falls below sensitive level of 7 to US dollar

BEIJING (AP) — China allowed its yuan to fall below the politically sensitive level of seven to the U.S. dollar on Monday for the first time in 11 years, prompting concern Beijing might use devaluation as a weapon in a tariff war with Washington.

STATE GOVERNMENT

Embattled Tennessee speaker resigns from leadership role

NASHVILLE (AP) — Tennessee's embattled House speaker has officially resigned from his leadership role after being plagued for months by multiple scandals involving explicit text messages.

STATEWIDE

2 Tennessee scientists honored with presidential award

OAK RIDGE (AP) — Two researchers from Oak Ridge National Laboratory in Tennessee are among the recipients of the 2019 Presidential Early Career Award for Scientists and Engineers.

AUTO INDUSTRY

GM: VP Pence was mistaken about funds for buying idled plant

COLUMBUS, Ohio (AP) — General Motors says U.S. Vice President Mike Pence was incorrect in saying that a fledgling electric vehicle maker and a new affiliated company have secured funding to buy GM's shuttered Lordstown plant in Ohio.

NATIONAL/INTERNATIONAL BUSINESS

US stocks fall again, joining worldwide sell-off, on tariffs

Investors rattled by President Donald Trump's latest escalation in his trade war with China drove another round of selling on Wall Street Friday.

FedEx to invest additional $450 million to modernize hub

MEMPHIS (AP) — FedEx Corp. is investing an additional $450 million to improve operations at its busy hub in Memphis, Tennessee.

US trade deficit falls 0.3% in June

WASHINGTON (AP) — The U.S. trade deficit shrunk slightly in June, as did the politically sensitive trade deficit with China, the principal target of President Donald Trump's tariffs.

US adds a solid 164,000 jobs; unemployment rate stays 3.7%

WASHINGTON (AP) — U.S. employers slowed their hiring in July, adding a still-healthy 164,000 jobs to an economy that appears poised to extend its decade-plus expansion.

How Trump's latest China tariffs could squeeze US consumers

WASHINGTON (AP) — The latest batch of tariffs that President Donald Trump plans to impose on Chinese goods would likely cost U.S. households an average of $200 a year, some economists have estimated.

China threatens retaliation for Trump's planned tariff hike

BEIJING (AP) — China on Friday threatened retaliation if U.S. President Donald Trump's planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling.

US trade deficit falls 0.3% in June

WASHINGTON (AP) — The U.S. trade deficit shrunk slightly in June, as did the politically sensitive trade deficit with China, the principal target of President Donald Trump's tariffs.

NATIONAL/INTERNATIONAL POLITICS

Trump pick for national intelligence director is withdrawing

WASHINGTON (AP) — President Donald Trump says his pick for national intelligence director has decided to withdraw from the running, citing unfair media coverage.

US-Russia arms control treaty dies; US to test new weapon

WASHINGTON (AP) — The United States plans to test a new missile in coming weeks that would have been prohibited under a landmark, 32-year-old arms control treaty that the U.S. and Russia ripped up on Friday.

Trump signs bipartisan budget and debt deal into law

WASHINGTON (AP) — President Donald Trump on Friday signed a bipartisan debt increase and new set of spending limits that would help lock in spending increases for the Pentagon and elsewhere in the budget.

Vexed with minority status and rancor, GOP lawmakers retire

WASHINGTON (AP) — The House's only black Republican has become the latest GOP lawmaker to say he won't seek reelection next year, jolting the party's efforts to appeal to minority voters and wounding its already uphill chances of regaining House control.

NATIONAL/INTERNATIONAL BUSINESS

Stocks fall as rally gives way to US-China trade war worries

Stocks slumped Thursday and bond prices spiked after President Donald Trump surprised markets with a new 10% tariff on $300 billion worth of goods from China beginning next month.

Trump threatens 10% tariffs on China; stocks plummet on news

WASHINGTON (AP) — President Donald Trump announced Thursday the U.S. will apply a new tariff of 10% on about $300 billion worth of products from China beginning Sept. 1, escalating the two countries' festering trade dispute.

Survey: US manufacturing growth slows again in July

WASHINGTON (AP) — U.S. factory activity expanded at a slower rate in July for the fourth consecutive month as the Trump administration squares off with other countries on trade.

US construction spending drops 1.3% in June

WASHINGTON (AP) — Spending on U.S. construction projects fell in June by the largest amount in seven months, reflecting weakness in home building, nonresidential construction and the largest drop in government projects in 17 years.

NATIONAL/INTERNATIONAL POLITICS

GOP pushes immigration bill, skirting rules as Dems protest

WASHINGTON (AP) — Republicans on the Senate Judiciary Committee upended the rules Thursday for immigration legislation that would extend family detentions as chairman Lindsey Graham muscled the measure forward over the objections of Democrats.

Hard-won budget, debt deal clears Senate, advances to Trump

WASHINGTON (AP) — A hard-won budget and debt deal easily cleared the Senate on Thursday, powered by President Donald Trump's endorsement and a bipartisan drive to cement recent spending increases for the Pentagon and domestic agencies.

STATE GOVERNMENT

Tennessee state pension fund invested in marijuana industry

NASHVILLE (AP) — Tennessee officials say they weren't aware that the state's pension fund invested stock in a marijuana industry company, despite the state's opposition to legalizing any usage of marijuana.

REGION

Atlanta to add context about racism to historic monuments

ATLANTA (AP) — Atlanta will soon add some lessons about the South's racist history on markers placed next to four historic monuments amid the ongoing national debate over Confederate statues.

AUTO INDUSTRY

Nissan to fix suspensions on about 200K Altima midsize cars

DETROIT (AP) — Nissan will do a "service campaign" to fix nearly 200,000 Altima midsize cars because a suspension part can come loose from the frame due to corrosion.

MUSIC INDUSTRY

Online bidding opens for Elvis Presley items

MEMPHIS(AP) — Jewelry, clothing, contractual documents and a signed guitar are among more than 400 items available at an auction of Elvis Presley-related memorabilia at Graceland in Memphis, Tennessee.

Jury weighs what Katy Perry owes for hit they say she stole

LOS ANGELES (AP) — Jurors will decide how much Katy Perry's 2013 mega-hit "Dark Horse" is worth and how much of that money should go to a Christian rapper whose song they already said the pop star copied.

China stabilizes currency but tensions with US remain high

BEIJING (AP) — China stabilized its currency Tuesday, suggesting it might hold off from aggressively letting the yuan weaken as a way to respond to U.S. tariffs on Chinese goods.

China lowers yuan's trading range but currency stabilizes

BEIJING (AP) — China lowered the trading range for its currency for a fourth day on Thursday, showing its potential for use as a trade weapon against Washington, but the exchange rate steadied following declines that alarmed financial markets.

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