» Subscribe Today!
The Power of Information
The Ledger - EST. 1978 - Nashville Edition
Skip Navigation LinksHome
VOL. 36 | NO. 36 | Friday, September 7, 2012

Saving family land for future generations

Land Trust helps landowners keep, preserve property

If a person’s home is his castle, then the land it occupies on is most certainly his kingdom.

Extending Land Trust's reach

Since 1999, nearly 74,000 acres of land in Tennessee has been protected through the Land Trust of Tennessee.

Metro also sets aside ‘Open Space’

The Land Trust for Tennessee does more than offer tax easements to families who want to protect their land.

28th Ave. Connector shifts attention to Charlotte Ave. revitalization

Nashville’s newest and most significant road, the plainly named 28th Avenue Connector, is just three-tenths of a mile long but stretches far into the city’s past and future.

Strip center to replace White Bridge Road Calhoun’s

Lions Head Village, the White Bridge Road shopping center that is home to Stein Mart, Office Max and a variety of smaller stores, is getting nearly 13,000 square feet of additional retail space.

Local Weather
Nashville, TN
Wind: North at 5.8 mph
Humidity: 73%


Free Legal Seminars at People’s Law School. This week’s class covers “Basics of Advance Care Planning.” Individuals can register for one or several classes through Nov. 15 on a variety of topics. Registration, Information: nashville.gov/ce, FaceBook.com/NashvilleCEC, Twitter at @NashvilleCEC, 298-8050, cecinfo@nashville.gov.

more events »

24-hour gyms rewind empty video stores

Twenty-first century rat racers are looking for ways to stay fit without complications.


Wouldn’t ‘Anchor Up!’ be a better metaphor for Vanderbilt?

In the recent past, the success of Nashville’s real estate market has mirrored the success of Vanderbilt football. In 2007, while real estate markets were crashing all over the country, Vanderbilt won a respectable three of its first four games, and the local market held its own. The team faded over the last eight games, and the market followed suit as it showed losses for the first time in 13 years.


Rare second chance at success for pair of Titans

Darius Reynaud admits he watched NFL games last year with a little bit of envy. Released in final cuts by the New York Giants in September 2011, Reynaud had fallen completely off the NFL radar. Or so he thought.


Common sense guide to business ethics

Your favorite customer is playing with fire. He’s forgotten some important paperwork and, since he considers you a friend, he’s asked you to cover for him. Sign here, back-date, no problems.


Lattimore Black names new COO

Lattimore Black Morgan & Cain, PC, Tennessee’s largest regional accounting and business consulting firm, has named John A. Litchfield, Jr. as its COO.


Instagram marketing secrets

It’s not often that a company with essentially no revenue sells for nearly a billion dollars, but that’s just what happened when Facebook wrote the largest check for a social media network ever this year. So what inspired the Facebook founder’s record-breaking purchase of Instagram?


Election 2012: Voting for highest ROI

The 2012 presidential election has two widely contrasting visions, larger than life personalities, and plenty of high praise and low blows. Over the next three months, the contest for the Oval Office will dominate American discourse. However, while the big game for the country may be the presidential race, the big game for the markets will likely be the Senate race.


One thing to declare, another to act

Declarations can change the way we see, hear, interpret and respond to the events in our lives. Words, in the form of declarations, have been used throughout history to change the course taken by entire groups of people.


‘Little Thunder Jim’ caught in the heat of passion

This week I continue on the theme of quotable cases straight from “the record,” meaning stuff filed and/or said in courts around the world:


In warmer weather, turn to cool foods

We are in the heat of the summer – one of the hottest on record for our little town – so other than ice cream and watermelon, here are a few recipes to keep you and the kitchen from heating up.


Welch, Civil Wars, Shakes win at Americana Awards

NASHVILLE (AP) — Gillian Welch and her partner Dave Rawlings, The Civil Wars and Alabama Shakes took home trophies, but Music City was the big winner at Wednesday night's Americana Honors & Awards.


Great Hearts Academies ends try for Nashville charter school

NASHVILLE (AP) - An Arizona-based charter school company says it won't try to place schools in Tennessee until the state creates a more impartial charter school approval process.


Fed to spend $40B a month on bond purchases

WASHINGTON (AP) — The Federal Reserve unleashed a series of bold and open-ended steps Thursday to stimulate the economy by making it cheaper for consumers and businesses to borrow and spend.

Bernanke: No specific target for bond purchases

WASHINGTON (AP) — Chairman Ben Bernanke says the Federal Reserve does not have a specific economic target for its new stimulus program and will keep buying bonds until it sees more jobs, lower unemployment and stronger growth.

Average on 30-year US mortgage stays at 3.55 pct.

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record. Low mortgage rates have aided a modest housing recovery.

US stocks surge after Fed announces more help

NEW YORK (AP) — The stock market staged a huge rally Thursday after investors finally got the aggressive economic help they wanted from the Federal Reserve. The Dow Jones industrial average spiked almost 240 points.

Oil rises after Fed takes steps to boost economy

NEW YORK (AP) — The price of oil rose after the U.S. Federal Reserve announced steps to boost a U.S. economy it says is too weak to reduce high unemployment.

It's official: NYC bans big, sugary drinks at eateries, theaters

NEW YORK (AP) — New York City's Board of Health opened up a new, experimental front in the war on obesity Thursday, passing a rule banning sales of big sodas and other sugary drinks at restaurants, concession stands and other eateries.

Hurricane Isaac sends US jobless claims up to 382K

WASHINGTON (AP) — The number of Americans seeking unemployment benefits jumped to the highest level in two months, although the figures were skewed in part by Hurricane Isaac.

More expensive gas pushes up US wholesale prices

WASHINGTON (AP) — A sharp rise in gasoline costs drove up wholesale prices last month by the most in more than three years. But outside energy and food, price gains were mild.

Foreclosure starts fell on annual basis in August

LOS ANGELES (AP) — The evolution of the U.S. foreclosure crisis is increasingly diverging along state lines.

Microsoft finds malware on new computers in China

WASHINGTON (AP) — A customer in Shenzhen, China, took a new laptop out of its box and booted it up for the first time. But as the screen lit up, the computer began taking on a life of its own. The machine, triggered by a virus hidden in its hard drive, began searching across the Internet for another computer.

Renoir painting found at W.Va flea market

WASHINGTON (AP) — A woman who paid $7 for a box of trinkets at a West Virginia flea market two years ago apparently acquired an original painting by French impressionist Pierre-Auguste Renoir without knowing it.


House to pass 6-month spending bill

WASHINGTON (AP) — As its last major act before leaving Washington for the fall campaign, the House is voting to put the government on autopilot for six months.

FACT CHECK: Romney misstates facts on attacks

WASHINGTON (AP) — The gunfire at the U.S. Consulate in Benghazi, Libya, had barely ceased when Republican presidential candidate Mitt Romney seriously mischaracterized what had happened in a statement accusing President Barack Obama of "disgraceful" handling of violence there and at the U.S. Embassy in Cairo.


Nashville school board denied charter for 3rd time

NASHVILLE (AP) — The Metro Nashville Board of Education has — for a third time — denied the application for a charter school.

DA's office cleared after suspicious package

NASHVILLE (AP) — The office of Nashville District Attorney General Torry Johnson was evacuated Tuesday after a suspicious package arrived.


Nissan chief pitches electric taxis to Hong Kong

HONG KONG (AP) — Nissan President Carlos Ghosn met Wednesday with Hong Kong's leader to pitch a proposal for the Japanese car maker to supply electric taxis to the southern Chinese city.


Apple: iPhone 5 in stores Sept. 21

SAN FRANCISCO (AP) — Apple on Wednesday revealed that the new iPhone 5 will be in stores in the U.S. and several other countries on Sept. 21.

US stocks rise, and investors wait for the Fed

NEW YORK (AP) — U.S. stocks are finishing with slight gains after Germany's high court cleared the way for the country to participate in a European rescue fund. Attention shifted to the Federal Reserve, which began a big two-day meeting.

Oil drops after supply report; gas up to $3.86

The price of oil is falling after the government said U.S. supplies of oil rose last week.

Forecast points to solid holiday sales growth

NEW YORK (AP) — After wrapping up a decent back-to-school shopping season, merchants are expected to see healthy sales gains for the critical winter holidays, though the pace should be slightly below last year, according to one of the first forecasts issued for the holiday sales season.

US poverty rate 15 percent; record numbers persist

WASHINGTON (AP) — The ranks of America's poor remain stuck at a record 15 percent, the Census Bureau reported Wednesday.

US wholesale stockpiles up in July but sales fell

WASHINGTON (AP) — U.S. wholesalers increased their stockpiles in July from June, but sales fell for a third straight month. Declining sales could force companies to cut inventories in coming months, a troubling sign that economic growth could weaken.

Expectations high for major Fed action Thursday

WASHINGTON (AP) — If the world's investors are right, the Federal Reserve is about to take a bold new step to try to invigorate the U.S. economy.

Consumer regulator barks, and an industry shudders

WASHINGTON (AP) — The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.

How the consumer protection bureau raided one firm

WASHINGTON (AP) — As it announced its first big enforcement action against Capital One Financial this summer, the Consumer Financial Protection Bureau was preparing to raid a California company that had offered to help lower at-risk homeowners' monthly payments.

Expedia unveils new reward plan for small business

NEW YORK (AP) — Expedia is starting a rewards program for small business travelers who carry Chase credit cards.


IRS warns of possible scam in East Tennessee

NASHVILLE (AP) — The Internal Revenue Service is warning East Tennessee residents of scammers who may pretend to be IRS employees conducting a telephone survey.

Hagerty to go on leave to work for Romney campaign

NASHVILLE (AP) — Bill Hagerty is stepping away from his role as commissioner of the Economic and Community Development Department to work for Republican Mitt Romney's presidential campaign.

State agencies promote groundwater protection

NASHVILLE (AP) — The Health Department and the Department of Environment and Conservation are encouraging Tennesseans to observe Protect Your Groundwater Day on Tuesday.


US employers posted fewer open jobs in July

WASHINGTON (AP) — U.S. employers posted fewer jobs in July than in June, further evidence that hiring may stay weak in the coming months.

Company owners more upbeat about post-election biz

NEW YORK (AP) — Small business owners are getting a little more optimistic about how their companies will do after the election, according to a survey released Tuesday.

US stocks rise ahead of Fed meeting

NEW YORK (AP) — Investors spent Tuesday preparing for two events sure to move markets this week: a Federal Reserve meeting and a court decision on whether Germany can help support its struggling neighbors. And if the stock market's gains Tuesday are any sign, they expect both events to turn out well.

Last days of summer push up gasoline prices

The price of gasoline is seeing the biggest gain in two weeks Tuesday. But relief should be in sight by the time autumn arrives.

Premiums for family health plans hit $15,745

WASHINGTON (AP) — It sounds like good news: Annual premiums for job-based family health plans went up only 4 percent this year.

GoDaddy says no attack behind Web outage

NEW YORK (AP) — GoDaddy.com says a Web hosting outage that involved thousands and possibly millions of websites on Monday was due to internal problems, not an attack by hackers.

Morgan Stanley to buy Citi's Smith Barney stake

NEW YORK (AP) — Morgan Stanley and Citigroup settled a dispute Tuesday over the value of the brokerage firm Morgan Stanley Smith Barney, which they jointly own.

Retail group says it opposes card fee settlement

WASHINGTON (AP) — The National Retail Federation is opposing a proposed $7.25 billion settlement that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing.

YouTube offers new iPhone app to fill looming void

SAN FRANCISCO (AP) — YouTube is being reprogrammed for the iPhone and iPad amid the latest fallout from the growing hostility between Google and Apple.

US trade deficit grew slightly to $42B in July

WASHINGTON (AP) — The U.S. trade deficit grew slightly in July as exports fell at a slightly faster pace than imports.

Nielsen shows how people use TV differently

NEW YORK (AP) — The number of U.S. homes that don't get traditional television service continues to increase, but that doesn't mean they don't have TVs.


Boehner expresses no confidence on budget deal

WASHINGTON (AP) — House Speaker John Boehner said Tuesday that he's not confident Congress can reach a budget deal and avoid a downgrading of the U.S. debt rating.

Moody's set to downgrade US without budget deal

NEW YORK (AP) — The U.S. government's debt rating could be heading for the "fiscal cliff" along with the federal budget.

Amtrak funding in crosshairs in presidential race

WASHINGTON (AP) — Warning to Amtrak from Mitt Romney and Republicans: You're on your own.


Bill and Karyn Frist end marriage after 31 years

NASHVILLE (AP) - Former Senate Majority Leader Bill Frist and his wife of 31 years, Karyn, have divorced.

Mall at Green Hills to get Microsoft ‘holiday store’

Microsoft released today a list of initial locations across the U.S. and Canada where it plans to launch holiday stores this fall.

Economic development conference registration open

NASHVILLE (AP) — Registration is now open for the 59th annual Governor's Conference on Economic and Community Development.


Silicon Valley isn't sharing Facebook's misery

MENLO PARK, Calif. (AP) — Silicon Valley, it turns out, doesn't revolve around the stock prices of Facebook and its playful sidekick, Zynga.

US consumers cut credit card use for 2nd month

WASHINGTON (AP) — Americans cut back on their credit card use in July for the second straight month, suggesting many remain cautious in the face of high unemployment and slow growth.

Stocks end lower ahead of Fed meeting

NEW YORK (AP) — Stocks slipped on Wall Street as troubling economic news from China and the U.S. outweighed optimism about more stimulus from the Federal Reserve.

Oil prices end higher on hope of stimulus

NEW YORK (AP) — The price of oil finished slightly higher Monday after a push-pull between bad economic news and expectations that central banks will intervene to boost growth.

Amazon to let Kindle Fire HD buyers turn off ads

NEW YORK (AP) — Amazon says buyers of its new Kindle Fire HD tablet will get the option to turn off the advertisements that appear on its standby screen for $15.

Moskovitz sells more Facebook stock

NEW YORK (AP) — Facebook co-founder Dustin Moskovitz has sold 5.7 million shares of the company's stock, a small fraction of his total holdings.

Treasury to cut AIG stake below half in $18B sale

NEW YORK (AP) — The U.S. government is selling more of its shares in insurer American International Group Inc., in a move that should decrease its holdings below a majority stake for the first time since the $182 billion bailout in 2008.

HP's cost-cutting drive to dump 2,000 more workers

SAN FRANCISCO (AP) — Hewlett-Packard Co. is planning to cut about 2,000 more jobs than it had previously announced as CEO Meg Whitman tries to turn the company around.

Kodak job cuts continue as it aims to exit Ch. 11

NEW YORK (AP) — Kodak is reshuffling some executives and continuing to cut jobs as the pioneering photography company tries to emerge from bankruptcy protection.

BP sells some Gulf of Mexico assets for $5.55B

LONDON (AP) — Oil company BP said Monday it is selling some deep-water assets in the Gulf Mexico to Plains Exploration & Production Co. for $5.55 billion, a big step in the BP's drive to cover the cost of its oil well blowout in the Gulf two years ago and concentrate investment elsewhere.


Congress returns for short pre-election session

WASHINGTON (AP) — When lawmakers return to Washington on Monday, they face big issues, including taxes, spending cuts and the prospect of a debilitating "fiscal cliff" in January. Yet Congress is expected to do what it often does best: punt problems to the future.


Arraignment delayed for Rep. Todd's gun, DUI case

NASHVILLE (AP) - State Rep. Curry Todd's arraignment on drunken driving and weapons charges has been delayed until next week.

Matheny abandons speaker challenge

NASHVILLE (AP) - State Rep. Judd Matheny is no longer considering a challenge to fellow Beth Harwell for House speaker next year, the Tullahoma Republican told The Associated Press on Thursday.


Claim of Romney taxes theft a puzzling whodunit

WASHINGTON (AP) — Assuming it's not a hoax, the purported theft of Republican presidential nominee Mitt Romney's tax returns has all the trappings of a high-tech whodunit: a politically themed burglary, a $1 million demand in hard-to-trace Internet currency, password-protected data and a threat to reveal everything in three more weeks. But can it be believed?


Appellate court favors ex-FBI agent

NASHVILLE (AP) - The case of a former Nashville FBI agent convicted of wire and bankruptcy fraud must be reconsidered after allegations of racial discrimination were raised in the dismissal of two prospective black jurors at his trial, a federal appeals court ruled Thursday.


Tennessee GOP rejects 2 primary election challenges

NASHVILLE (AP) - The executive committee of the Tennessee Republican Party has rejected challenges to two primary election results.


Experts warn of 'perfect storm' for global economy

CERNOBBIO, Italy (AP) — Experts and leaders gathered in Italy may disagree on the cure, but the malady seems clear: the world economy faces a "perfect storm" of risks that include prolonged crisis in a structurally flawed Europe, political paralysis pushing America off a "fiscal cliff," a slowdown in the emerging economies drying up the last of global growth, and the spectacularly destabilizing prospect of war over Iran's nuclear program.

Weak job growth makes bold Fed action more likely

WASHINGTON (AP) — U.S. employers added 96,000 jobs in August, a tepid figure that points to the economy's persistent weakness and slowing prospects for the unemployed.

US stocks rise slightly after weak jobs report

NEW YORK (AP) — Stocks on Wall Street are closing slightly higher following news that the U.S. economy added fewer jobs than expected in August.

Oil rises as jobs report gives fuel to Fed hopes

NEW YORK (AP) — The price of oil finished higher Friday as concerns about a disappointing U.S. employment report gave way to the likelihood of action by the Federal Reserve.

Kroger 2Q profit dips but tops Street view

CINCINNATI (AP) — Kroger's fiscal second-quarter net income dipped, pressured by a higher tax rate. But its earnings beat Wall Street's view and the supermarket chain raised its fiscal 2012 earnings outlook.

Amazon unveils new, larger Kindle Fire models

SANTA MONICA, Calif. (AP) — Amazon unveiled four new Kindle Fire tablet computers on Thursday, including ones with larger color screens, as the online retailer steps up competition with Apple ahead of the holiday shopping season.

Average on 30-year US mortgage slips to 3.55 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages changed little this week and remained slightly above record lows reached earlier this year. The low rates have aided a modest housing recovery.

Amazon unveils new Kindle Fire models

SANTA MONICA, Calif. (AP) — Amazon is updating its Kindle Fire tablet computer as it steps up competition with Apple's iPad and refreshing its whole line of Kindle gadgets.


FACT CHECK: Obama and the phantom peace dividend

WASHINGTON (AP) — President Barack Obama laid claim to a peace dividend that doesn't exist when he told the nation he wants to use money saved by ending wars to build highways, schools and bridges.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
TNLedger.com Knoxville Editon