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VOL. 37 | NO. 38 | Friday, September 20, 2013

Health care’s ‘lost opportunity’

Is ‘Obamacare’ the answer? Coverage is better, former Gov. Bredesen says, but the chance for a better solution was squandered

More than two years after leaving state office, Phil Bredesen, the popular former governor and mayor of Nashville, is still on the go. While enjoying a post-political life in Nashville that includes gardening and grand parenting with wife Andrea Conte, Bredesen remains active in promoting bipartisan solutions to issues such as the national debt as a speaker and as a member of the Governors’ Council of the Bipartisan Policy Center, a Washington, D.C.- based think tank.

ACA: What you need to know before Oct. 1

On October 1, a new shopping website will launch in Tennessee. Much like Amazon.com, it will offer a place where consumers can compare products from different sellers and buy the one that best suits their needs.

Helping musicians strike a healthy chord

Music Health Alliance is offering assistance in navigating the health care system specifically to members of the music industry.

‘Obamacare’ a tough pill for 79-year-old Franklin doctor

FRANKLIN – “Dr. Joe,” as he’s known to loyal patients – some of whom trade produce for copays – doesn’t plan to let Obamacare ruin his practice.

Interfaith Dental Clinic fills insurance gap

Lost in the chatter about Affordable Care Act, insurance coverage, doctor choice and copays is the issue of dental care, especially for the working poor.

Local Weather
Nashville, TN
Wind: from the Southwest at 10.4 gusting to 17.3 mph
Humidity: 33%


International Business Council Luncheon. Guest speaker today will be Ted Simmons, senior global brand consultant for Arnold Worldwide. Simmons has worked with Jack Daniel’s Tennessee Whiskey since 1967, helping create one of the biggest and best-recognized worldwide brands. He will be joined by co-presenter Jennifer Powell, senior brand manager for Jack Daniel’s. 11:30 a.m.-1 p.m., AT&T Auditorium, 333 Commerce Street, Nashville. Information: 743-3063, panderson@nashvillechamber.com.

more events »


Even in seller’s market, house must be spotless

Those in the hunt for housing in Nashville are going crazy, especially those who wish to purchase homes.


Titans confident ‘bad vibe’ of last season has faded

As the Tennessee Titans enter their home opener this week against the San Diego Chargers, they do so in bittersweet fashion.


6 Internet marketing myths dispelled

We live in a digitally dominated world, and consumers quite often make decisions about brands based solely on their digital presence before ever making direct contact with an actual brand representative. While business owners and marketing professionals alike are beginning to recognize just how important it is to get their digital houses in order, there are still many internet marketing myths to be dispelled.


Time for a rally gut check

A couple of weeks ago, we discussed the lack of unanimity in the emerging markets sell-off. While the emerging markets index suggested distress within the class, a closer look revealed that only a few countries were truly under fire.


Thoughts on budget season

For many of you, it’s that time of year again. It’s the season to complete your budgets. So, what’s the deal with budgets? Is all this budgeting activity worthwhile or not? I honestly don't know. Perhaps the most accurate answer is, maybe.


Figuratively, the worst-ever dictionary blunder

Circa 1991, one of my golf buddies uttered a sentence using irregardless. Knowing what that meant, I didn’t challenge him. I figured someone else would. I was right, and he was able (at the other person’s expense) to point out that irregardless had been admitted to a certain dictionary the previous week. And thus was now part of his vocabulary.


Ramsey: Little chance of Carr upsetting Alexander

NASHVILLE (AP) - State Senate Speaker Ron Ramsey says he sees little chance of state Rep. Joe Carr upsetting U.S. Sen. Lamar Alexander in next year's Republican primary.

Homeland Security Foundation selects director

NASHVILLE (AP) — The Tennessee Department of Safety and Homeland Security Foundation has selected Keith Perrigan to be its executive director.


Nashville homelessness commission kicks into gear

NASHVILLE (AP) - After years of talking about ending homelessness, Nashville's Metropolitan Homelessness Commission is finally doing something about it.


Government sells more GM shares, cuts stake to 7 pct.

NEW YORK (AP) — The U.S. government is starting another phase of selling off its General Motors stock after cutting its stake in the automaker to just over 7 percent.

Toyota to export US-built Corollas to Latin America

NEW YORK (AP) — Toyota says it will begin sending U.S.-built Corolla sedans to 18 countries in Latin America and the Caribbean starting next year.

8 Volkswagen workers file complaints against UAW

NASHVILLE (AP) — The National Right to Work Foundation says it is representing eight workers at the Volkswagen plant in Chattanooga, who allege they were misled and coerced by the United Auto Workers union.


Obama promotes health exchanges ahead of kickoff

WASHINGTON (AP) — President Barack Obama is promoting the benefits of his health care law before new insurance exchanges open for business next week.


US pending home sales fall for 3rd straight month

WASHINGTON (AP) — Fewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter buyers.

US unemployment aid applications near 6-year low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell 5,000 last week to a seasonally adjusted 305,000, the second-lowest level in six years. Steady declines in applications show that very few companies are laying off workers.

US economy grew at 2.5 percent rate in spring

WASHINGTON (AP) — The U.S. economy grew at a 2.5 percent annual rate from April through June, an improvement from the first three months of the year. But economists are worried that growth may now be slowing.

Twitter, NFL reach deal to show football videos

NEW YORK (AP) — The National Football league struck a deal to show game highlights and other video content on Twitter ahead of the short messaging service's initial public offering of stock.

Average US 30-year mortgage rate down to 4.32 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell this week to their lowest point in two months. The decline follows the Federal Reserve's decision last week to hold off slowing its monthly bond purchases.

Encouraging economic news lifts US stock market

NEW YORK (AP) — Encouraging news about the economy lifted the stock market in late-morning trading Thursday.

Oil price hangs near 3-month low

BANGKOK (AP) — The price of oil hovered near a 3-month low Thursday, held back by worries about the U.S. economy and signs of a slowdown in demand.


Boehner: House won't pass 'clean' spending bill

WASHINGTON (AP) — House Republicans will not simply pass a temporary spending bill from the Democratic Senate after it is shorn clean of a tea party plan to "defund Obamacare," House Speaker John Boehner said on Thursday.


Speaker Ramsey predicts supermarket wine will pass

NASHVILLE (AP) - Senate Speaker Ron Ramsey predicts that lawmakers will approve a bill to allow wine to be sold in supermarkets and convenience stores next session.


Tennessee digitizing 1M pages of historical newspapers

NASHVILLE (AP) - The Tennessee State Library and Archives is adding more than 1 million newspaper pages to its free online collection.

40 AGs urge tight regulation of e-cigarettes

BOSTON (AP) — Forty attorneys general, including Tennessee's Bob Cooper, sent a letter to the U.S. Food and Drug Administration on Tuesday urging the agency to meet its own deadline and regulate electronic cigarettes in the same way it regulates tobacco products.


Nelson pulls out of festival with shoulder injury

NASHVILLE (AP) - Willie Nelson has been forced to pull out of the Southern Ground Music & Food Festival and three other shows due to a shoulder injury.


Sen. Beavers' Freedom PAC corrects registration

NASHVILLE (AP) - State Sen. Mae Beavers' political action committee has corrected its registration filing with the Tennessee Registry of Election Finance in advance of a major fundraiser next week.

Nissan donates $50K to support water quality

FRANKLIN (AP) - Nissan is donating $50,000 to the Harpeth River Watershed Association to support its water quality programs.


Health Management says new board is reviewing sale

NAPLES, Fla. (AP) - Hospital operator Health Management Associates said Wednesday its new board of directors is reviewing its planned $3.9 billion sale to Community Health Systems.

Tennessee premiums in health overhaul among cheapest

NASHVILLE (AP) - Average premiums for Tennesseans seeking coverage under new health insurance markets launching next week rank near the lowest among the 36 states where the federal government is taking the lead to cover uninsured residents.

Premiums unveiled for health overhaul plans

WASHINGTON (AP) — With new health insurance markets launching next week, the Obama administration is unveiling premiums and plan choices for 36 states where the federal government is taking the lead to cover uninsured residents.


Wal-Mart, Washington worries whack stock market

NEW YORK (AP) — Wal-Mart spooked the stock market Wednesday — helping push stocks lower for a fifth straight day.

Oil falls as supply data offsets US housing data

Oil fell for a fifth straight day as an unexpected increase in U.S. oil and gasoline supplies offset positive economic news.

Official: $11B eyed in JPMorgan settlement talks

ALBANY, N.Y. (AP) — An $11 billion national settlement is under discussion to resolve claims over JPMorgan's handling of mortgage-backed securities in the run-up to the recession, said a government official familiar with ongoing negotiations among bank, federal and state officials.

Belo shareholders approve Gannett deal

DALLAS (AP) — Belo Corp. shareholders on Wednesday approved Gannett Co.'s proposed acquisition of the broadcast company.

Home and stock values boost US household wealth

WASHINGTON (AP) — U.S. household net worth jumped $1.3 trillion in the spring, fueled by gains in home and stock values.

US new-home sales jump 7.9 percent in August

WASHINGTON (AP) — Americans stepped up purchases of new homes in August after cutting back in July, suggesting that higher mortgage rates are not yet slowing the housing recovery.

Orders for long-lasting factory goods up slightly

WASHINGTON (AP) — Companies placed slightly more orders in August for U.S. long-lasting manufactured goods, stepping up demand for cars, trucks and machinery. Even with the gain, business spending on factory goods may not be strong enough to accelerate economic growth in the July-September quarter.

USPS seeks 3-cent increase for first-class mail

WASHINGTON (AP) — The financially ailing Postal Service is seeking a 3-cent increase in the cost of mailing a letter — and that would raise the price of a first-class stamp to 49 cents.

Amazon unveils Kindle Fire HDX with 24/7 live help

SEATTLE (AP) — Amazon is refreshing its lineup of tablet computers with new devices called Kindle Fire HDX, which are significantly faster and lighter than the previous generation.


Anti-shutdown bill advances; big fight still looms

WASHINGTON (AP) — Unanimous but far from united, the Senate advanced legislation to prevent a partial government shutdown on Wednesday, the 100-0 vote certain to mark merely a brief pause in a fierce partisan struggle over the future of President Barack Obama's signature health care law.


State Rep. Joshua Evans to seek Senate seat

NASHVILLE (AP) - Tennessee Rep. Joshua Evans says he will run for the newly formed 25th District seat of the state Senate.

New conservative PAC has not registered with state

NASHVILLE (AP) - A new conservative political action committee holding a fundraiser outside Nashville next week has so far failed to register with the state.


TDOT lists projects for which it will accept bids

NASHVILLE (AP) - The Tennessee Department of Transportation has released the projects for which it will accept bids next month.


CarMax 2Q results top Street, used car sales rise

NEW YORK (AP) — CarMax's fiscal second-quarter net income rose 26 percent, as the chain of used car dealerships continued to be bolstered by higher sales.

Ohio plant making new Cherokee idles 500 workers

TOLEDO, Ohio (AP) — About 500 workers have been temporarily laid off from a northwest Ohio plant that produces the new Jeep Cherokee.


Stocks fall for a fourth day

NEW YORK (AP) — Wall Street couldn't shrug off doubts about the economy and government gridlock on Tuesday.

Oil falls near $103; gas down to $3.46 a gallon

NEW YORK (AP) — The price of oil fell for the seventh time in eight days, as the U.S. signaled a willingness to pursue a diplomatic path with Iran.

Fed concerned about early trading after meeting

WASHINGTON (AP) — The Federal Reserve is concerned about suspiciously heavy trading of gold futures after its meeting last week that may have been triggered by a premature release of market-sensitive information.

US home prices rise 12.4 pct., most in 7½ years

WASHINGTON (AP) — U.S. home prices rose 12.4 percent in July compared with a year ago, the most since February 2006. An increase in sales on a limited supply of available homes drove the gains.

US consumer confidence dips as jobs outlook dims

WASHINGTON (AP) — Americans' confidence in the economy fell slightly in September from August, as many became less optimistic about hiring and pay increases over the next six months.

Burger King launching lower-calorie french fry

NEW YORK (AP) — Burger King wants people to feel less guilty about gobbling up its french fries.

Toys R Us to add 45,000 seasonal hires

NEW YORK (AP) — Toys R Us plans to hire 45,000 seasonal workers at its stores and distribution centers, the same number as last year, as it ramps up for the all-important holiday season.


Analysis: Republicans in a risky fight with Obama

WASHINGTON (AP) — Under relentless pressure from their right wing, Republicans are in the midst of a risky fight with President Barack Obama they know they will lose, little more than a year before an election that history says they should win.

Health care law reuniting Obama, Bill Clinton

NEW YORK (AP) — Health care is reuniting President Barack Obama and former President Bill Clinton.

Opponents ramp up fight against Obama climate plan

WASHINGTON (AP) — Republican lawmakers and industry groups are vowing to fight President Barack Obama's climate change plan and its first-ever emission limits on new power plants. But they're finding their options are limited — at least in the short term.

McConnell won't support Cruz on Senate test vote

WASHINGTON (AP) — In a break with tea party-aligned Senate conservatives, Republican leader Mitch McConnell announced Monday he will not vote to block legislation aimed at preventing a partial government shutdown, even though Democrats intend to rewrite it to restore funds needed to keep the nation's three-year-old health care law in existence.


Wildlife sanctuary to become new state park

NASHVILLE (AP) - The Seven Islands Wildlife Refuge will become the 56th state park in Tennessee.


Work begins on project at TVA's Gallatin plant

NASHVILLE (AP) - The Tennessee Valley Authority is beginning work this week on part of a project that will reduce emissions at its coal-burning power plant in Gallatin.


Moody's restores GM debt to investment grade

DETROIT (AP) — A key ratings agency has restored General Motors' debt to investment grade status, eight years after the company lost the rating as it spiraled toward bankruptcy protection.

Long, strange trip ending for VW's hippie van

SAO PAULO (AP) — It carried hippies through the 1960s, hauled surfers in search of killer waves during endless summers and serves as a workhorse across the developing world, but the long, strange trip of the Volkswagen van is ending.


Wal-Mart Stores to expand jobs for 70K workers

NEW YORK (AP) — Wal-Mart Stores is hiring 55,000 seasonal workers and is elevating 70,000 more to part- or full-time positions as the holiday season ramps up.

Stocks fall on concern about economy, budget fight

NEW YORK (AP) — Concerns about the strength of the economy and the potential for a budget fight in Washington pushed down the stock market Monday.

Oil falls as Syria risk fades; pump price drops

NEW YORK (AP) — The price of oil closed at a six-week low as the catalysts that drove it above $110 earlier this month lost strength.

Fairfax to buy BlackBerry for $4.7 billion

TORONTO (AP) — BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd.

Apple says it has sold 9M new iPhones since Friday

NEW YORK (AP) — Apple says shoppers snapped up 9 million of its newest iPhones since the devices were launched Friday, and that demand is exceeding supply.

Tests: New iPhones less durable than iPhone 5

NEW YORK (AP) — As Apple pitches its newest smartphones, users may find something lacking compared with last year's model: They could break more easily.

Microsoft unveils new Surface at NYC event

NEW YORK (AP) — Microsoft introduced new Surface tablets, including a professional model that allows people to use it more like a laptop or a desktop computer.

American, US Airways extend merger deadline

FORT WORTH, Texas (AP) — US Airways and American Airlines are extending their merger deadline by a month to give themselves time for the antitrust trial scheduled for November.


1 week to go until government shutdown deadline

WASHINGTON (AP) — With a week left to hammer out a deal to avoid a government shutdown, some lawmakers seem resigned — if not rushing — to that end.


Titans, YWCA to help domestic violence victims

NASHVILLE (AP) - The Tennessee Titans want fans coming to their home opener to help domestic violence victims through the YWCA by bringing some clothes for women and children of all ages.

Vanderbilt Medical Center cuts 275 jobs

NASHVILLE (AP) - Vanderbilt University Medical Center has cut 275 positions as part of a plan to eliminate more than 1,000 positions by the end of the year.


Petition keeps school director from education talk

NASHVILLE (AP) — Gov. Bill Haslam's administration discouraged a schools director who signed a petition critical of Education Commissioner Kevin Huffman from remaining among speakers to a Senate committee evaluating common core standards in Tennessee schools.

Senate committee questions Common Core standards

NASHVILLE (AP) - Senate Education Committee members expressed concerns Friday about Tennessee's Common Core standards during a hearing on the issue.


Nissan to build 'Sunny' in Myanmar

YANGON, Myanmar (AP) — Japan's Nissan Motor Co. said Friday it will build a car assembly plant in Myanmar to begin manufacturing the Nissan Sunny compact sedan in 2015.

BMW recalls more than 134,000 5-Series cars

DETROIT (AP) — BMW is recalling more than 134,000 5-Series cars in the U.S. because the rear lights can fail.

Burst of IPOs follows gains in stock market

The stock market has been heating up, driving demand for IPOs. There have been 140 initial public offerings of stock this year, up 46 percent from the same time in 2012, according to IPO tracking firm Renaissance Capital. Of the eight companies that went public this week, two — cybersecurity software maker FireEye and technology advertising company RocketFuel — nearly doubled in value Friday.


Stocks drop as investors fret over budget fight

Washington's budget fight jolted Wall Street on Friday, reminding it that the next few weeks could bring a lot of uncertainty.

Oil falls as another US budget battle looms

NEW YORK (AP) — Oil fell more than 1 percent Friday as fears of a disruption to Middle East supplies eased while concerns about a shutdown of the U.S. government grew stronger.

BlackBerry previews big loss, to cut 4,500 workers

TORONTO (AP) — BlackBerry said Friday that it will lay off 4,500 employees, or 40 percent of its global workforce, as it reports a nearly $1 billion second-quarter loss a week earlier than expected.

Employers cut jobs in 20 US states in August

WASHINGTON (AP) — Employers cut jobs in 20 states last month, suggesting modest improvement in the U.S. job market this year is not enough to benefit all areas of the country.

Target to hire fewer seasonal holiday workers

SAN FRANCISCO (AP) — Target plans to hire about 70,000 seasonal workers for the holiday shopping season, down about 20 percent from a year ago. The discounter is aiming to be more efficient in its hiring practices.

Kroger CEO Dillon to retire in January

CINCINNATI (AP) — Kroger says CEO David Dillon will retire from that post when the new year begins, with President and Chief Operating Officer W. Rodney McMullen stepping into the role as part of its long-term CEO succession plan.

US 30-year mortgage rate dip to 4.50 pct.

Average U.S. rates on fixed mortgages declined this week amid signs the economic recovery is slowing.

Wells Fargo to lay off 1,800 mortgage employees

NEW YORK (AP) — Wells Fargo plans to lay off an additional 1,800 employees from its mortgage department, after cutting about 2,300 jobs from the same unit in August.

US home sales hit 6½-year high but could slow soon

WASHINGTON (AP) — U.S. home sales rose last month to the highest level since February 2007 as buyers rushed to close deals before mortgage rates increased further.

JPMorgan pays $920M, admits fault in trading loss

WASHINGTON (AP) — JPMorgan Chase & Co. will pay $920 million and has admitted that it failed to oversee trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks.


Obama moves to limit power-plant carbon pollution

WASHINGTON (AP) — Linking global warming to public health, disease and extreme weather, the Obama administration pressed ahead Friday with tough requirements to limit carbon pollution from new power plants, despite protests from industry and Republicans that it would dim coal's future.

House votes to derail Obamacare, fund government

WASHINGTON (AP) — The GOP-controlled House voted Friday to cripple President Barack Obama's health care law as part of a risky ploy that threatens a partial shutdown of the government in a week and a half.

House backs bill to boost logging in national forests

WASHINGTON (AP) — The Republican-controlled House has approved a bill to sharply increase logging in national forests.

EPA chief makes case for new power plant controls

WASHINGTON (AP) — The Environmental Protection Agency says global warming is one of the most significant public health threats of our time.

House and Senate face deep divide over food stamps

WASHINGTON (AP) — Farm-state lawmakers hoping for passage of a farm bill by the end of the year will have to bridge a deep divide between the House and the Senate over the role of the government in helping the nation's poor.

Obama convening export panel at White House

WASHINGTON (AP) — President Barack Obama says rising U.S. exports have been "one of the biggest bright spots" of the U.S. economy.

Postmaster says USPS may need emergency rate hike

WASHINGTON (AP) — Postmaster General Patrick Donahoe said Thursday his agency is in "the midst of a financial disaster" and may need an emergency increase in postage rates to keep operating.

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