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VOL. 35 | NO. 38 | Friday, September 23, 2011

The Wild Wild East

East Nashville businesses live and die by word-of-mouth, which east of the Cumberland means listservs and Facebook

Since the beginning of its resurgence some 20 years ago, East Nashville has continued to boom with artisanal restaurants, cafes, consignment shops and a clamored-for, all-night diner.

GREEN BUSINESS

Thistle Farms helps transform life of sales director

As national sales director of Thistle Farms, Katrina Robertson deals with large accounts, getting the all-natural products into more than 180 stores in the states and as far away as Singapore. But when she was first introduced to the company in 2005 she in no way thought she would be working so high up in the company today.

REALTY CHECK

Musicians not as easy to play as they once were

“Have you seen my listing on Inconvenient Street?” the listing agent asks.

Local Weather
Currently
Nashville, TN
81.0°F
Partly Cloudy
Wind: South at 4.6 mph
Humidity: 47%

EVENTS

Baker Donelson presents its Labor & Employment Fall Focus seminar today in its office at 211 Commerce. At this day-long event, Baker Donelson L&E attorneys will present on topics including the legislative year in review, EEOC update, non-competes and trade secrets, developments in labor law and more. Registration ($100) includes breakfast, lunch and course materials. Information and registration: klow@bakerdonelson.com, 726-5714.

more events »

REAL ESTATE

Top real estate transactions for Davidson County, August 2011

Data collected by Chandler Reports, which has been publishing Real Estate Market Data since 1968.

Top real estate transactions for Williamson County, August 2011

Data collected by Chandler Reports, which has been publishing Real Estate Market Data since 1968.

TERRY McCORMICK

GM, new coach, top draft pick show how Titans have changed

Change doesn’t come easily for the Tennessee Titans.

GET A JOB!

Keeping skills current makes you marketable

Keeping up with the latest trends and developments in your field is more important than ever during these difficult economic times, especially if you are looking for a job.

NEWSMAKERS

Bart rejoins Sherrard & Roe

Attorney Albert J. Bart has rejoined Sherrard & Roe, PLC as a member, returning to the firm’s corporate practice group after serving as senior vice president and associate general counsel for Ceridian Corporation for the past three years. Bart was previously a member of Sherrard & Roe from 2005 to 2008.

I SWEAR

Traffic court committee takes exit

In August, the American Bar Association had its annual meeting in Toronto with 7,000 lawyers, judges and other legal professionals attended the meeting. I was not among them.

KAY'S COOKING CORNER

Is ‘stinking rose’ a rose by another name?

Time for a little quiz, this is one about spices:

NASHVILLE AREA

Spring Hill UAW chief credits Obama for restart

SPRING HILL (AP) — The United Auto Workers leader in Spring Hill said restarting assembly at the General Motors Co. plant and creating some 1,700 new jobs two years after shutting it down shows the auto industry bailout was the right move and President Barack Obama deserves credit.

NATIONAL BUSINESS

Economy gaining but not enough to cut unemployment

WASHINGTON (AP) — The economy is showing signs of modest improvement — not enough to reduce high unemployment but enough to ease fears that another recession might be near.

Bank of America to charge $5 debit card fee

NEW YORK (AP) — Bank of America plans to start charging customers a $5 monthly fee for using their debit card for purchases.

Rate on 30-year mortgage falls to record 4.01 pct.

WASHINGTON (AP) — Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further.

Contracts to buy homes fell 1.2 percent in August

WASHINGTON (AP) — The number of Americans who signed contracts to buy homes fell in August, after a weaker-than-expected peak buying season.

Survey: CEOs of big companies foresee less hiring

WASHINGTON (AP) — Only about one-third of chief executives of the largest U.S. companies expect to hire or spend more in the next six months, down sharply from about half who said so three months ago.

Fewer people applied for unemployment benefits

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell sharply last week, an encouraging sign that layoffs are easing.

Economy grew at weak 1.3 pct. annual rate in Q2

WASHINGTON (AP) — The economy grew slightly faster in the spring than previously estimated but remained dangerously weak in the face of high unemployment and higher gas prices. Many economists foresee slightly better growth in the current July-September quarter.

Oil rebounds 2 pct.on encouraging economic news

NEW YORK (AP) — Oil rebounded by 2 percent Thursday following encouraging economic news in the U.S. and Europe.

European markets slip after Germany approves fund

LONDON (AP) — Stocks were down modestly but the euro was higher on Thursday after Germany's parliament overwhelmingly approved the strengthening of a bailout fund intended to help European countries mired in debt crises.

NATIONAL POLITICS

Bernanke: Long-term unemployment a national crisis

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke said Wednesday that long-term unemployment is a "national crisis" and suggested that Congress should take further action to combat it. He also said lawmakers should provide more help to the battered housing industry.

Election-year ruling looms for health overhaul

WASHINGTON (AP) — President Barack Obama's landmark health care overhaul appears headed for a Supreme Court ruling as the presidential election season hits full stride in the coming year.

Presidential contenders boosted by super PACs

WASHINGTON (AP) — Think of super PACs as shadow cash machines for presidential candidates. They're going to be big this year.

WEDNESDAY, SEPTEMBER 28
NASHVILLE AREA

Nissan joins in green community center partnership

NASHVILLE (AP) — Nissan Americas has joined with a nonprofit group in Nashville, Urban Green Lab, as a founding partner in a new sustainability living center in East Nashville's Inglewood neighborhood.

Country Music Association expands education work

NASHVILLE (AP) — The Country Music Association has expanded its education initiative to Lipscomb University in Nashville and Middle Tennessee State University in Murfreesboro.

STATEWIDE

Task force to aid rural economic development

NASHVILLE (AP) - A state task force will set priorities for rural economic development.

State had 800,000 hits on consumer affairs website

NASHVILLE (AP) — The state of Tennessee had almost 800,000 hits last year on the website for the Consumer Affairs Division of the Department of Commerce and Insurance.

NATIONAL BUSINESS

Stock futures rise ahead of durable goods report

NEW YORK (AP) — Stock futures are rising, signaling another day of gains on Wall Street. Investors will assess fresh U.S. economic data and closely watch developments in Europe.

Oil slips to near $84 ahead of US economic data

Oil prices slipped to near $84 a barrel Wednesday after strong gains in the previous session and ahead of U.S. economic data this week that will provide clues about the future strength of demand for crude.

Toyota global production bounces back in August

TOKYO (AP) — Toyota Motor Corp. said Wednesday its global production rose for the first time in a year in August as Japanese automakers continued to recover from the March 11 earthquake and tsunami.

Amazon unveils $199 Kindle Fire tablet

AmazonCEO Jeff Bezos on Wednesday showed off the Kindle Fire, a $199 tablet computer , challenging Apple's iPad by extending its Kindle brand into the world of full-color, multipurpose devices.

NATIONAL POLITICS

Business group files high court health care appeal

WASHINGTON (AP) — A small-business group opposed to the health care overhaul is asking the Supreme Court to strike down the entire law, not just the core requirement to buy health insurance or pay a penalty.

Shutdown averted, but deep differences linger

WASHINGTON (AP) — It's the third time this year a government budget crisis has been averted just in the nick of time. And the public seems plain fed up with the nonstop partisanship that led to the nerve-racking close calls.

TUESDAY, SEPTEMBER 27
STATEWIDE

Local governments face debt management policies

NASHVILLE (AP) — State officials are reminding local governments that they must develop or revise their debt management policies to conform with standards issued by the State Funding Board.

With jobs planned, Spring Hill GM workers vote yes

SPRING HILL (AP) — With General Motors planning to create about 1,700 jobs and restart assembly work at its Spring Hill plant, United Auto Workers members in Spring Hill have voted to ratify a four-year contract with the automaker.

NATIONAL BUSINESS

Stocks rise for third day on optimism about Europe

NEW YORK (AP) — Stocks are closing higher for the third day in a row on hopes that European leaders are moving closer to a plan to contain that region's debt crisis.

Amazon expected to launch tablet Wednesday

NEW YORK (AP) — Amazon is expected to unveil a tablet computer Wednesday, picking a fight with Apple Inc. and its iPad. The iPad has many challengers, but analysts say Amazon's could be different — it has a chance to be more than a wannabe.

US home prices rise for 4th consecutive month

WASHINGTON (AP) — Home prices rose for a fourth straight month in most major U.S. cities in July, buoyed by the peak buying season. But the housing market remains depressed, and prices are expected to decline in the coming months.

Consumer confidence essentially unchanged

NEW YORK (AP) — Consumers' confidence in the U.S. economy remained weak in September after dropping to a post-recession low during the month before as Americans continue to worry about high unemployment and low wages.

European debt resolution hopes buoy stocks

LONDON (AP) — Hopes that policymakers are preparing a grand plan to finally contain Europe's debt crisis bolstered stocks Tuesday ahead of a meeting between the leaders of Greece and Germany.

Oil up 4 percent on hopes for a European debt deal

NEW YORK (AP) — Oil prices are climbing on hopes that European leaders are closer to drafting a plan to contain the region's debt crisis.

Walgreen fiscal 4th-qtr profit jumps 69 percent

DEERFIELD, Ill. (AP) — Drugstore operator Walgreen Co. says its fiscal fourth-quarter profit jumped 69 percent, boosted in part by a gain from the sale of its pharmacy benefits management business.

NATIONAL POLITICS

Many cities imposing broad cuts as revenue shrinks

WASHINGTON (AP) — More than half of U.S. cities have cut staff, canceled construction projects or raised fees this year, according to a report from the National League of Cities that catalogs the vast damage from shrunken property- and income-tax revenue.

Congress dodges shutdown after disaster aid fight

WASHINGTON (AP) — A bitterly divided and poll-battered Congress has nearly worked its way out of a nasty fight over disaster aid, but only by abruptly abandoning efforts to immediately refill almost empty federal disaster relief accounts.

Senator blocks pipeline safety bill on principle

WASHINGTON (AP) — A senator who opposes federal regulation on philosophical grounds is single-handedly blocking legislation that would strengthen safety rules for oil and gas pipelines, a bill that even the pipeline industry and companies in his own state support.

Analysis: Democrats hit reset on health care

WASHINGTON (AP) — Democrats are hitting the reset button on health care for next year's elections.

MONDAY, SEPTEMBER 26
STATEWIDE

Haslam: OK for brother to lobby on TDOT issues

NASHVILLE (AP) - Gov. Bill Haslam is endorsing his brother's right to speak out against privatizing interstate rest stops, a move opposed by his family's truck stop chain.

NASHVILLE AREA

Nashville-based Guidant to pay $9.25M in false claims settlement

NASHVILLE (AP) - The U.S. Justice Department said Monday that a medical device manufacturer has agreed to pay $9.25 million in a false claims settlement.

Country music exhibit to explore Bakersfield Sound

NASHVILLE (AP) — The Country Music Hall of Fame and Museum's new exhibition next year will explore the roots and heyday of the Bakersfield Sound, a music style personified by the careers of Buck Owens and Merle Haggard.

Vanderbilt partners with 3 of nonprofit hospitals

NASHVILLE (AP) — Vanderbilt University Medical Center has partnered with three other nonprofit hospitals in Middle Tennessee with the aim of boosting medical services in suburban markets.

NATIONAL BUSINESS

Stocks jump on investor hopes for a Europe fix

NEW YORK (AP) — Stocks are closing with their biggest gains in more than two weeks after European officials pledged to take bolder steps to fight the region's debt problems.

Netflix snatches DreamWorks rights from HBO

SAN FRANCISCO (AP) — After a deluge of disillusioning news, Netflix unveiled a coming attraction that its subscribers might like: the Internet video rights to films and television specials from DreamWorks Animation.

New-home sales fell in August for 4th consecutive monthly decline

WASHINGTON (AP) — Sales of new homes fell to a six-month low in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery.

Facebook policies tricky for employers, workers

WASHINGTON (AP) — In the age of instant tweets and impulsive Facebook posts, some companies are still trying to figure out how they can limit what their employees say about work online without running afoul of the law.

Oil wavers on weak home sales, Europe debt woes

NEW YORK (AP) — Oil hovered around $80 per barrel Monday after new home sales dropped to a six-month low, adding to worries about energy demand in the slowing economy.

NATIONAL POLITICS

Obama rejects GOP calls to scrap regulation

MOUNTAIN VIEW, Calif. (AP) — President Barack Obama says he makes no apologies for Wall Street regulation and environmental rules and doesn't buy the GOP charge they're costing jobs.

SEC might recommend legal action against S&P

NEW YORK (AP) — The staff of the Securities and Exchange Commission is considering recommending civil legal action against the Standard & Poor's debt ratings agency over its rating of a 2007 collateralized debt offering.

On spending, Congress can't agree on easy stuff

WASHINGTON (AP) — Congress is once again allowing shutdown politics to bring the federal government to the brink of closing.

Obama: Kids, economy gain from new education plan

WASHINGTON (AP) — President Barack Obama says kids and the economy will benefit from the changes he's making in education policy and his plan to spend billions to upgrade schools and keep teachers on the job.

FRIDAY, SEPTEMBER 23
NASHVILLE AREA

Tom Ingram joins Lipscomb's leadership institute

NASHVILLE (AP) — Veteran political adviser Tom Ingram has been appointed leader-in-residence at the Andrews Institute for Civic Leadership at Lipscomb University.

ACLU to honor political veteran Jane Eskind

NASHVILLE (AP) - Jane Eskind of Nashville, the first woman to win a statewide election in Tennessee, will receive a Lifetime Achievement Award from the American Civil Liberties Union on Dec. 8.

Former Walden's Puddle director pleads guilty to stealing $110K

NASHVILLE (AP) - The former executive director of a Tennessee wildlife rehabilitation center has pleaded guilty to theft of property stemming from charges that he stole more than $110,000 from the charity.

STATEWIDE

Haslam introduces Obama at education announcement

NASHVILLE (AP) - Tennessee Gov. Bill Haslam has put partisan differences aside to join President Barack Obama for an announcement that states will be given more freedom to opt out of key parts of the federal No Child Left Behind law.

Tennessee Arts Commission head retiring

NASHVILLE (AP) - Rich Boyd, executive director of the Tennessee Arts Commission, is retiring effective next Jan. 31.

Contract awarded for work on Center Hill Dam

NASHVILLE (AP) — The U.S. Army Corps of Engineers has awarded a $106 million contract to Bauer Foundation Corp. of Florida to install a barrier wall at Center Hill Dam.

NATIONAL BUSINESS

World markets recoup ground but investors want action

PARIS (AP) — Stock markets in Europe and the U.S. recouped some of their previous day's hefty losses Friday but investors remained skeptical about whether the world's leading economies will come up with a coordinated plan to shore up the global economy.

US stock futures fall as global rout continues

U.S. stock futures are falling as spreading recession fears power a global sell-off in all investments seen as risky.

FedEx sees global slowdown, cuts profit outlook

NEW YORK (AP) — FedEx Corp. says consumers are putting off purchases of electronics and other gadgets from China, another example of the global economic slowdown that's prompting fears of another recession.

Oil falls to below $80 a barrel

NEW YORK (AP) — Oil is lower again, a day after plunging more than 6 percent on fears that a slowing global economy will cut demand.

US stocks fall as recession fears fuel global rout

U.S. stocks are falling as recession fears and global selling take them to new yearly lows.

Rate on 30-year mortgage stays at record 4.09 pct.

WASHINGTON (AP) — Fixed mortgage rates hovered at record lows for a third straight week and are likely to fall further in the coming weeks.

Fewer people applied for unemployment benefits

WASHINGTON (AP) — The number of people applying for unemployment benefits fell last week, though the decline isn't enough to signal improvement in the job market.

NATIONAL POLITICS

Analysis: Perry, Romney defend records in forum

WASHINGTON (AP) — Rick Perry and Mitt Romney struggled with a simple reality in the latest GOP debate: Americans elect only experienced politicians as president, and Republicans nominate only proven conservatives.

Co-chair of debt panel wants corporate tax reform

WASHINGTON (AP) — The Republican co-chairman of the deficit-fighting "supercommittee" said Thursday he wants to tackle corporate tax reform, a theme the White House has promoted for months. But big differences remain, including on the sticky issue of whether tax changes should lead to higher taxes.

Obama rolling back Bush-era education law

WASHINGTON (AP) — President Barack Obama, trying to energize school performance at the local level, wants to give states the flexibility to opt out of provisions of the No Child Left Behind law, a Bush-era education initiative that has grown increasingly unpopular as more schools risk being labeled a failure.

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