VOL. 38 | NO. 11 | Friday, March 14, 2014
State Representative and Nashville Democrat Mike Turner is retiring from the General Assembly and considering a run for mayor.
VIEW FROM THE HILL
While the Republican supermajority in the General Assembly is taking away powers from local governments, they are also trying to take away some executive powers from the governor. Not even Gov. Haslam is safe from the power grab.
Freezenomics, a term being bandied about these days, refers to the negative effect cold weather is having on the economy.
A look at Davidson County’s top lenders based on total number of all loans, commercial and residential.
Two Nashville business executives, Richard Rogers and John Zobl, have been named to First Tennessee Bank’s Regional Advisory Board.
While email marketing may have lost a bit of luster, given the instant gratification of social media, it’s alive and well and is one of several digital marketing channels businesses are spending significantly more on in 2014.
THE WORLDLY INVESTOR
The first week of the month always produces a torrent of economic data that is capped off by the Friday employment report from the Department of Labor.
At the pretrial conference, big-city lawyer Wade Lanier does an “evidence dump.” His witness list includes 45 people not previously disclosed in discovery.
KAY'S COOKING CORNER
I love Little Debbie Pecan Spinwheels. I usually have a stash of them somewhere, in my car, my camera bag or the pantry at home. They are one of my all-time favorite snacks, and I will be really heartbroken if Little Debbie ever decides to quit selling these little gems.
NASHVILLE (AP) — Roy Orbison's three sons are all musicians but never really got to play music with their dad — until now.
NASHVILLE (AP) - A proposed constitutional amendment calling for the popular election of the state's attorney general has failed again in the Senate.
NASHVILLE (AP) - The state Senate has approved legislation that changes the way certain charter schools are authorized.
NASHVILLE (AP) - After years of legislative debate, Republican Gov. Bill Haslam on Thursday signed a law to allow supermarket wine sales in Tennessee.
NASHVILLE (AP) — Former Florida Gov. Jeb Bush on Wednesday urged state officials to follow through on Common Core education standards despite what he called an "avalanche" of criticism from those who oppose them.
IRS says Tennesseans owed $12.8 million for 2010
SMYRNA (AP) — The Navy's Blue Angels are returning to the Great Tennessee Air Show in Smyrna.
NEW YORK (AP) — A New York judge has approved a deal letting Toyota pay $1.2 billion and dodge confronting a criminal charge that it defrauded consumers by issuing misleading statements after defects caused Toyota and Lexus vehicles to accelerate unexpectedly and cause injuries and deaths.
DETROIT (AP) — General Motors, beware.
TOKYO (AP) — Toyota Motor Corp., headed to a record profit, can afford the $1.2 billion fine levied by the U.S. government for hiding information about defects in its cars. If anything, the settlement may even deliver relief for Toyota shareholders and customers as a sign the automaker has put the four-year recall debacle behind it.
MARYSVILLE, Ohio (AP) — Honda is marking a big milestone at its Marysville plant in central Ohio as the automaker celebrates the completion of 10 million American-made Accords.
WASHINGTON (AP) — A measure of the U.S. economy's health rose in February by the largest amount in three months, suggesting growth should rebound following a severe winter.
WASHINGTON (AP) — Sales of U.S. existing homes slipped in February to their lowest level since July 2012 as severe winter weather, rising prices and a tight supply of homes discouraged buyers.
WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits rose 5,000 last week to a seasonally adjusted 320,000, which is close to pre-recession levels and suggests a stable job market.
WASHINGTON (AP) — Average U.S. rates on fixed mortgages declined last week, edging closer to historically low levels.
NEW YORK (AP) — Gum seems as appealing as that sticky wad on the bottom of a shoe these days.
WASHINGTON (AP) — At her first news conference as Federal Reserve chair, Janet Yellen had a message for the financial world: The U.S. economy may need several more years to fully heal from the Great Recession.
NEW YORK (AP) — The stock market rebounded Thursday as encouraging news on the economy outweighed investors' concerns that interest rates may start climbing sooner than anticipated. Stocks were higher by early afternoon, having erased all of their losses from the day before, when Fed Chair Janet Yellen suggested that interest rates could rise next year.
The price of oil slipped back slightly on Thursday as concerns waned over the Ukrainian crisis and the economic slowdown in emerging markets.
WEDNESDAY, MARCH 20
NASHVILLE (AP) - College students breaking into a Civil Rights song after a voter ID bill they supported was punted by a legislative committee caused an angry outburst from Rep. Joe Carr, the panel's chairman and a Republican candidate for the U.S. Senate.
NASHVILLE (AP) - Gov. Bill Haslam's proposal to create a community college program for all high school graduates is advancing in the Senate.
NASHVILLE (AP) - New Jersey Gov. Chris Christie is scheduled to headline the Tennessee Republican Party's annual fundraiser on May 30.
NASHVILLE (AP) — Former Florida Gov. Jeb Bush and two top Tennessee Republicans are meeting at an upscale Nashville hotel Wednesday to discuss education policies that have caused divisions within the GOP around the country — including within the Tennessee General Assembly located across the street.
DALLAS (AP) — FedEx Corp. says its latest quarterly profit rose 5 percent from a year ago despite storms that raised the company's costs, but the results were below analysts' expectations.
WASHINGTON (AP) — Cancer patients relieved that they can get insurance coverage because of the new health care law may be disappointed to learn that some the nation's best cancer hospitals are off-limits.
WASHINGTON (AP) — Toyota agreed to pay $1.2 billion to settle an investigation by the U.S. government, admitting that it hid information about defects that caused Toyota and Lexus vehicles to accelerate unexpectedly and resulted in injuries and deaths.
WASHINGTON (AP) — Janet Yellen tried at her first news conference as Federal Reserve chair to clarify a question that's consumed investors: When will the Fed start raising short-term interest rates from record lows?
WASHINGTON (AP) — Big gains in exports and overseas investment income narrowed the U.S. current account deficit to the lowest level in 14 years in the October-December quarter.
NEW YORK (AP) — Higher interest rates are coming. And they are coming sooner than you think.
The price of oil was down slightly Wednesday as energy markets waited for the latest figures on U.S. crude and fuel stockpiles.
The Rev. Jesse Jackson plans to lead a delegation to the Hewlett-Packard annual shareholders meeting on Wednesday to bring attention to Silicon Valley's poor record of including blacks and Latinos in hiring, board appointments and startup funding.
LONDON (AP) — There's London. And then there's the rest of the U.K.
SAN FRANCISCO (AP) — Sony is getting into the virtual reality business. The Japanese electronics and gaming giant unveiled a prototype virtual reality headset to be used in conjunction with its PlayStation 4 video game console during a Tuesday talk at the Game Developers Conference.
TUESDAY, MARCH 18
NASHVILLE (AP) - George Gruhn's guitar shop in Nashville is a kind of mecca for fine, vintage musical instruments, but even Gruhn is blown away by the latest addition to his inventory. He says it's the very first production model Fender Stratocaster ever made.
NASHVILLE (AP) - Gov. Bill Haslam's proposal to create a community college program for all high school graduates is a step closer to a full House vote.
NASHVILLE (AP) - Gov. Bill Haslam reiterated Tuesday that Common Core education standards are crucial to continuing to improve education in Tennessee and he hopes to dismiss misconceptions about them.
NASHVILLE (AP) - State lawmakers are considering an outright repeal of a 2013 law that established, for the first time, a legal definition of Tennessee whiskey.
NASHVILLE (AP) — Legislation that would require any data collected under Tennessee's Common Core standards only be used to track the academic progress and needs of students was approved by the Senate on Monday.
NASHVILLE (AP) — The House has rejected Senate changes to a bill to require the governor to seek legislative approval for any prospective deal to expand Medicaid in Tennessee.
NASHVILLE (AP) — A proposal that makes changes to the process for selecting books for state schools has been approved by the Senate.
NASHVILLE (AP) - Tennessee's governor on Tuesday asked a federal judge to put her ruling requiring the state to recognize the marriages of three same-sex couples on hold while a higher court weighs in on the case.
PORTLAND, Ore. (AP) — Nothing sparks consumer demand like the word "free," and politicians in some states have proposed the idea of providing that incentive to get young people to attend community college.
NASHVILLE (AP) — A new field trip program at Tennessee's executive residence will allow students to take a tour of the home and learn about its history.
NASHVILLE (AP) — A special state Supreme Court panel ruled Monday that Tennessee's current retention election system for appellate court judges does not violate the state constitution.
DETROIT (AP) — The top executive of General Motors apologized for deaths linked to the delayed recall of 1.6 million small cars, saying the company took too long to bring the cars in for repairs.
DETROIT (AP) — General Motors has named a 40-year engineer as its new safety chief, placing a single person in charge of recalls and other safety issues as it deals with a huge compact car recall that has damaged the company's reputation.
MILAN (AP) — European car sales grew for a sixth consecutive month in February but remained at a low level as the market recovered slowly from the financial crisis.
NEW YORK (AP) — Encouraging news on the economy gave the stock market a boost on Tuesday.
The price of oil rose the most in two weeks Tuesday after strong U.S. factory data and an apparent easing in tensions over Ukraine.
WASHINGTON (AP) — U.S. home construction fell for a third month in February, but in a hopeful sign, applications for building permits rose to their highest level in four months.
WASHINGTON (AP) — U.S. chief executives have grown more optimistic about economic growth this year, and more of them plan to boost spending and hiring within the next six months.
WASHINGTON (AP) — Cheaper energy kept U.S. consumer prices in check last month, despite a big rise in the cost of food, the latest sign that inflation is tame.
WASHINGTON (AP) — The Janet Yellen era at the Federal Reserve begins in earnest this week with a two-day meeting, a policy statement and fresh economic forecasts. Yet all that will be a prelude to the marquee event: Yellen's first news conference as Fed chair.
NEW YORK (AP) — Wal-Mart plans to expand its video game trade-in program to its stores, offering store credit for thousands of video games.
MONDAY, MARCH 17
NEW YORK (AP) - Kiss and Def Leppard are joining forces for a summer tour with a stop in Nashville.
NASHVILLE (AP) - If it isn't fermented in Tennessee from mash of at least 51 percent corn, aged in new charred oak barrels, filtered through maple charcoal and bottled at a minimum of 80 proof, it isn't Tennessee whiskey. So says a year-old law that resembles almost to the letter the process used to make Jack Daniel's, the world's best-known Tennessee whiskey.
NASHVILLE (AP) — The Tennessee Wildlife Resources Agency has received the Arbor Day Foundation's 2014 Forest Lands Leadership Award.
NASHVILLE (AP) — Gov. Bill Haslam's agenda is falling on hard times with fellow Republicans in the Tennessee General Assembly.
COLUMBUS, Ohio (AP) — Ohio auto dealers are sparring with California-based automaker Tesla, which is selling its electric cars from two Ohio storefronts.
DETROIT (AP) — General Motors is recalling more than 1.5 million vehicles, including SUVs, vans and Cadillacs, for defective air bags and other problems.
MUMBAI, India (AP) — Toyota said Monday it has shut down production at its two auto-assembly plants in India, locking out 6,400 workers amid testy wage negotiations and allegations of threats against management.
NEW YORK (AP) — Stocks are sharply higher following news that output at U.S. factories surged last month.
The price of oil fell Monday near $98 a barrel after Crimea voted to split from Ukraine and join Russia, a development already anticipated by investors. The vote triggered sanctions by the EU and U.S. against Russia, but none that affected the country's energy industry.
U.S. homebuilders' confidence in the housing market edged higher this month, reflecting improved demand for new homes as the traditional spring home-selling season ramps up.
WASHINGTON (AP) — U.S. factory output rebounded strongly in February after harsh winter storms caused a steep drop-off in production in January. Manufacturers produced more autos, home electronics and chemicals.
WASHINGTON (AP) — A small, four-rotor drone hovered over Washington Nationals players for a few days during spring training in Florida last month, taking publicity photos impossible for a human photographer to capture. But no one got the Federal Aviation Administration's permission first.
FRIDAY, MARCH 14
NASHVILLE (AP) - A federal judge ordered the state of Tennessee on Friday to recognize the marriages of three same-sex couples while their lawsuit against the state works its way through the court system.
NASHVILLE (AP) — The State Attorney General says Tennessee can lawfully use the electric chair on death row inmates if drugs used for lethal injection are not available.
NASHVILLE (AP) - A proposal to delay further implementation of the state's Common Core standards was approved in the House on Thursday, even though Republican Gov. Bill Haslam has called them key to Tennessee students' improvement.
NASHVILLE (AP) — Legislation that would protect schools from lawsuits for allowing traditional winter celebrations and religious displays has been approved in the House.
NASHVILLE (AP) — The state Senate has passed a resolution directing the University of Tennessee to require parents to opt in to allowing student fees to go toward events deemed "controversial or objectionable."
CLARKSVILLE (AP) — Hankook Tire will begin recruiting soon for the first openings at its Clarksville plant and focus primarily on administrative jobs with production positions to come later.
WASHINGTON (AP) — Despite a disastrous start and relentless Republican opposition, President Barack Obama said Friday that enrollment in his signature health care program is high enough to make it stable for the millions who have signed up.
WASHINGTON (AP) — The prices companies receive for their goods and services fell slightly in February, the latest sign that inflation is tame.
The U.S. stock market is ending lower as investors brace for a critical vote this weekend over the future Ukraine's Crimea peninsula.
The price of oil rose Friday on concerns that tensions could rise in the Russia-Ukraine situation with this weekend's referendum on Crimean secession.
WASHINGTON (AP) — The Obama administration is proposing new rules designed to protect students at for-profit colleges from amassing huge debt they can't pay off — and still pass judicial muster after a previous version was thrown out by a federal judge.
WASHINGTON (AP) — The oil company behind the largest offshore oil spill in U.S. history can once again perform work for the federal government.
WASHINGTON (AP) — The International Monetary Fund warned Thursday that wide income inequality can slow economic growth and is proposing ways to reduce it.
WASHINGTON (AP) — The U.S. government is running a deficit that is 23.6 percent lower than in the same period a year ago through the first five months of this budget year, another sign of improvement in the nation's finances.
NEW YORK (AP) — McDonald's workers in three states filed lawsuits against the fast-food chain this week, saying the company engages in a variety of practices to avoid paying them what they're owed.
SAN FRANCISCO (AP) — Google's search results on desktop and laptop computers now look slightly different thanks to a makeover that mirrors a design introduced on smartphones and tablets a few months ago.
WASHINGTON (AP) — Commercial trucks and buses that cross state lines would have to be equipped with electronic devices that record how many hours the vehicles are in operation, according to a government proposal Thursday aimed at preventing accidents by tired drivers.
WASHINGTON (AP) — House Speaker John Boehner questioned the feasibility of a bipartisan Senate deal to renew expired benefits for the long-term unemployed, a remark that seemed to suggest the agreement could be in trouble in the House.
WASHINGTON (AP) — Chalk up one partisan election-year battle that senators seem likely to resolve when they return from recess later this month — the fight over renewing expired benefits for the long-term unemployed.
WASHINGTON (AP) — Seeking to influence workers' incomes where possible, President Barack Obama signed a presidential memorandum Thursday directing the Labor Department to devise new overtime rules that would make more workers eligible for time-and-a-half pay for their extra hours of work.