VOL. 36 | NO. 33 | Friday, August 17, 2012
Williamson leads Midstate’s strong July sales, followed by Davidson, Rutherford
Consumers are feeling confident, mortgage interest rates are lower than they’ve ever been and landlords are steadily raising monthly rent payments. For growing numbers of people in the Nashville region, this is the moment they’ve been waiting for to buy a house.
July 2012 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.
Nashville already is home to a replica of the Parthenon, a downtown icon that looks like Batman’s cowl, a museum with an exterior resembles the keys of a piano and country singer Webb Pierce’s guitar-shaped pools.
July 2012 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.
A look at Davidson County’s top lenders based on total number of all loans, commercial and residential, as compiled by Chandler Reports.
The conference room at Cadence Bank in downtown Franklin is filled with 15 or so people awaiting their turn to speak with Tom Lawrence, the veteran radio personality for WAKM 950-AM in Williamson County.
MEMPHIS – Tennessee Gov. Bill Haslam has been hearing the same thing as he travels across the state holding forums on higher education.
Realtors across the area are being bombarded by e-mails and phone calls about the transfer tax for real estate sales that is supposedly included in the national health care bill, also known as Obamacare. There is no transfer tax in the bill.
For Joey Haynos, a slim chance to keep playing professional football is better than no chance at all.
Hands On Nashville’s board of directors has recognized executive director Brian Williams’ leadership contributions and the nonprofit’s historic capacity growth by changing Williams’ title to president and CEO.
BUSINESS BOOK REVIEW
You haven’t gained weight.
Virtual scrap-booking site Pinterest has quickly taken the world of social media by storm, leaving some business owners and marketers scratching their heads about how exactly to leverage their time investment accordingly.
THE WORLDLY INVESTOR
Fedcasting: With the markets and the politicians currently co-dependent, vacation for one implies vacation for the other. Trading volumes have collapsed. For those who are manning their trading terminals, daily market activity amounts to position-squaring ahead of September’s central bank policy proclamations.
SMART STUFF 4 WORK
The other day I saw an advertisement for a major company recruiting highly aggressive employees. I feel certain they didn’t really mean that.
I’ve highlighted for the past two weeks some New York Times crossword clues that served to give crosswords a bad name. That is, obscure, nobody’s-ever-heard-of-’em words and their clumsy, who-gives-a-darn clues. My focus was exclusively on the Farrar and Maleska Eras, so called for the Times’ first and third puzzle editors.
KAY'S COOKING CORNER
Not long ago, I was sitting in hotel room waiting for hubby to wake up so we could make a coffee run. Not long into my wait, I decided it was going to be longer than I planned so I grabbed the paper that was left at our door: a Wall Street Journal.
NASHVILLE (AP) - The Tennessee Valley Authority is liable for a huge spill of toxin-laden sludge in 2008 in Tennessee, a federal judge ruled Thursday.
NASHVILLE (AP) — After a summer of weekend closures, construction on a section of Interstate 24 on Nashville's east side should wrap up this weekend.
NASHVILLE (AP) — The Tennessee Supreme Court has ruled that a gunshot wound isn't necessarily the same as a serious bodily injury.
NASHVILLE (AP) - A state senator who headed a panel investigating allegations of grade fixing at Tennessee State University has lost his chairmanship for using an expletive to dismiss concerns from the caucus of black lawmakers.
NASHVILLE (AP) — A special panel of members of the state Republican Party's executive committee is meeting behind closed doors to consider an election challenge in a legislative primary race.
DETROIT (AP) — Nissan is recalling about 7,800 Infiniti SUVs because the fuel gauges can show gas in the tank when there isn't any.
MENLO PARK, Calif. (AP) — What's the worst insult you can throw at a fast-moving company like Facebook? Call its iPhone app slow and poky.
ST. LOUIS (AP) — The nation's most withering drought in decades only got worse in several key farming states last week, despite cooler temperatures that at least gave those living there a break from this summer's stifling heat, according to a new drought report released Thursday.
WASHINGTON (AP) — Sales of new homes in the United States rose 3.6 percent in July to match a two-year high reached in May, the latest sign of a steady recovery in the housing market.
WASHINGTON (AP) — Average U.S. rates on fixed mortgages have risen for a fourth straight week, remaining slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year.
WASHINGTON (AP) — The number of people seeking first-time unemployment benefits rose a slight 4,000 last week to a seasonally adjusted 372,000, evidence that the job market's recovery remains modest and uneven.
NEW YORK (AP) — Nobody ever said reading the Federal Reserve was easy.
The price of oil is rising for a second day after signs that the Federal Reserve may take additional action to help the sluggish economic recovery in the U.S.
GENEVA (AP) — Top-level government officials from around the world have begun three days of talks on how to set up a $100 billion a year fund to help poor countries cope with climate change.
WASHINGTON (AP) — While U.S. presidential candidates talk tough about what they see as China's unfair trade policies, one fact gets little notice: Chinese companies are investing more than ever in the U.S. and supporting thousands of American jobs.
WEDNESDAY, AUGUST 22
NASHVILLE (AP) — In Tennessee, ACT scores for the high school class of 2012 show a slight improvement in all four subject areas — english, math, reading and science.
NASHVILLE (AP) — The Tennessee Supreme Court has decided not to hear an appeal by two death row inmates who claim that changes to the state's lethal injection procedure are unconstitutional.
WASHINGTON (AP) — The middle class is receiving less of America's total income, declining to its smallest share in decades as median wages stagnate in the economic doldrums and wealth concentrates at the top.
WASHINGTON (AP) — The recovery of the U.S. housing market is looking steadier and more sustainable, a trend that will likely add to economic growth in 2012 for the first time in seven years.
WASHINGTON (AP) — Congress' nonpartisan budget analysts are projecting a $1.1 trillion federal deficit for 2012, the fourth straight year the government's shortfall will exceed $1 trillion.
NEW YORK (AP) — Investors drew some comfort Wednesday from signals that the Federal Reserve is worried about the slow pace of the U.S. economic recovery feels more urgency about providing help.
It was the message the oil market has been hoping to hear.
WASHINGTON (AP) — First lady Michelle Obama is traveling to the electoral battleground of Florida on Wednesday to announce that 2,000 businesses around the country have hired or trained more than 125,000 military veterans and spouses in the past year, exceeding a White House goal of 100,000 by the end of next year.
BEIJING (AP) — Chinese solar panel makers that grew fast over the past decade are suffering big losses due to slumping global sales and a price war that threaten an industry seen by communist leaders as a role model for hopes to transform China into a technology leader.
FRANKFURT, Germany (AP) — German carmaker Volkswagen AG says sales rose 11.9 percent in July as demand in Asia and the United States outweighed slacker sales in crisis-hit western Europe.
WASHINGTON (AP) — The labor group hired by Apple Inc. to assess working conditions at three manufacturing plants in China said Tuesday that the improvements it recommended in March are being implemented ahead of schedule.
WASHINGTON (AP) — For all the attention it got, Republican Mitt Romney's selection of Rep. Paul Ryan of Wisconsin as his running mate has not altered the race against President Barack Obama. The campaign remains neck and neck with less than three months to go, a new AP-GfK poll shows.
WASHINGTON (AP) — President Barack Obama told congressional leaders Tuesday that he is extending a two-year pay freeze for federal employees until at least next spring.
TUESDAY, AUGUST 21
NASHVILLE (AP) - Two hospitals in Nashville are cutting 150 positions to save costs.
NASHVILLE (AP) - Nashville Sheriff Daron Hall said on Tuesday that he will not renew a controversial agreement that allows local deputies to enforce federal immigration law, replacing it with a program in which the fingerprints of detainees are sent electronically to federal agents who can check immigration status.
NASHVILLE (AP) - A vocal faculty member at Tennessee State University who has opposed university leadership was taken away from a meeting in handcuffs on Monday and removed as the chair of the faculty senate.
NASHVILLE (AP) - The Country Music Association Awards will be bringing a little twang to the big city when nominations are announced next month.
NASHVILLE (AP) — This year's Grammy Awards nominations will come with a Southern accent.
RAPID CITY, S.D. (AP) — Wynonna Judd's husband has lost his leg after a motorcycle crash in South Dakota.
NEW YORK (AP) — The Standard & Poor's 500 index touched its highest point in more than four years Tuesday, helped by more talk that the European Central Bank may buy struggling countries' bonds. But a morning rally faded, and stocks ended lower.
NEW YORK (AP) — The price of oil resumed climbing Tuesday, reaching its highest point since early May.
NEW YORK (AP) — Barnes & Noble's fiscal first quarter was a tale of modern and traditional. Tech-savvy readers snapped up its e-books and other digital content during the period, while traditionalists headed to its bookstores for the popular "Fifty Shades of Grey" series and other items.
DES MOINES, Iowa (AP) — One of the worst growing seasons most U.S. farmers can remember is coming to an end with a corn harvest that's at least three weeks early thanks to an unusually warm spring and suffocating summer.
LOS ANGELES (AP) — More Americans are making their car payments on time, a trend that has sent the rate of overdue auto loans to the lowest level on records dating back more than a decade.
NEW YORK (AP) — Best Buy Co. is reporting a 90 percent drop in net income during the second quarter, dragged down by restructuring charges and weak sales. The company also withdrew its earnings guidance for the year.
MONDAY, AUGUST 20
NASHVILLE (AP) — When Jason Aldean names an album, he looks for a title that fits his life at the moment.
HILL CITY, S.D. (AP) — Country singer Wynonna Judd announced Sunday that she is postponing concerts scheduled in Canada next week after her husband was hurt in a motorcycle accident in South Dakota.
NASHVILLE (AP) - The state Republican Party is setting up a special panel to hear an election challenge in a legislative primary race.
NASHVILLE (AP) — The Tennessee Wildlife Resources Agency has scheduled a free hunting day for Saturday.
NASHVILLE (AP) — Gov. Bill Haslam's administration is responding to what it calls "confusion" about the role of a Muslim staffer and a council that has advised two state departments on Islamic affairs.
NEW YORK (AP) — Stocks slipped Monday in one of the quietest trading sessions of the year. Worries about European debt crept up again, and Apple became the most valuable company of all time.
NEW YORK (AP) — Apple is Wall Street's all-time MVP — that's Most Valuable Property.
You may pay more than ever for a late-summer drive.
NEW YORK (AP) — Facebook's beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day.
NEW YORK (AP) — After seeing high customer demand for layaway during last year's winter holiday season, Wal-Mart is expanding the interest-free pay-over-time program for Christmas.
Aetna, one of the nation's biggest health insurers, staked a $5.7 billion claim in the burgeoning market for government-funded coverage Monday when it announced plans to buy fellow insurer Coventry Health Care.
NEW YORK (AP) — Best Buy Co. has tapped Hubert Joly, the former head of global hospitality company Carlson and turnaround expert, as the nation's largest consumer electronics chain's new CEO and president.
DALLAS (AP) — Flight attendants at American Airlines voted to approve a new contract offer from the airline, which is seeking to cut costs in bankruptcy protection.
FRIDAY, AUGUST 17
DETROIT (AP) — U.S. safety regulators are investigating the Nissan Versa subcompact car because an air bag may fail to inflate in crashes.
NASHVILLE (AP) — A lobbyist and former state legislator has likened providing food stamps to feeding animals.
NASHVILLE (AP) - The state board that regulates campaign finance in Tennessee has launched an investigation to determine whether a Middle Tennessee health care investor used a political action committee he funded to skirt the law limiting campaign contributions.
NASHVILLE (AP) — A federal judge on Thursday refused to void the Tennessee Democratic primary for U.S. Senate won by an anti-gay candidate the party has disavowed.
WASHINGTON (AP) — A measure of future U.S. economic activity recovered in July following a sharp drop in June, providing further evidence of an economy that is regaining some momentum.
Stocks resembled summer vacationers on Friday, rising not-too-impressively in the morning and then mostly laying around for the rest of the day.
NEW YORK (AP) — The price of oil rose to its highest point in three months Friday, topping off four straight days of gains, on signs U.S. consumers are gaining confidence in the economy.
NEW YORK (AP) — Apple's stock hit a new high Friday after a four-month swoon, as investors looked ahead to the release of a new iPhone and possibly a smaller iPad.
NEW YORK (AP) — Facebook's stock fell to $19 for the first time on Friday, meaning it has lost half its market value since the company's initial public offering in May.
SAN FRANCISCO (AP) — A professional clown who used an iPad pilfered from the home of the late Steve Jobs to play pop songs at a street fair while he made balloon animals said Friday he had no idea his friend had snatched the tablet.
WASHINGTON (AP) — The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government of all quarterly profits the companies earn.
NEW YORK (AP) — Trulia Inc., which operates the real estate website Trulia.com, on Friday filed for an initial public offering that could raise up to $75 million.
PITTSBURGH (AP) — In a surprising turnaround, the amount of carbon dioxide being released into the atmosphere in the U.S. has fallen dramatically to its lowest level in 20 years, and government officials say the biggest reason is that cheap and plentiful natural gas has led many power plant operators to switch from dirtier-burning coal.
WASHINGTON (AP) — Average U.S. rates on fixed mortgages ticked up for the third straight week, staying slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year.
WASHINGTON (AP) — The Justice Department's antitrust division on Thursday approved deals between Verizon Wireless and four of the nation's largest cable companies but applied conditions.