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VOL. 36 | NO. 38 | Friday, September 21, 2012

Nashville climbs higher up the food chain

Great chefs find home

When you visit a city, much of your impression is based on what you eat. While Chicago will always be known for their lowbrow-but-tasty hot dogs and deep-dish pizza, so too will Nashville always be associated with pulled-pork sandwiches and meat-and-three diners. And damn good ones, too.

Food, drink events spice fall festival schedule

Not only are these events a celebration of the best of food and drink, many of them contribute to local charities.

Unusual rides draw car lovers to Lane

With cars ranging in manufacture from Nissan Z, at some 300 horsepower and a speed of 180 mph, to the smallest manufactured passenger vehicle in the world, the one-cylinder Peel P50 with a maximum speed of 40 mph, the Lane Motor Museum of Nashville has one of the most unique collections of automobiles in the country.

Here’s your chance to drive history at Rally for the Lane

Want to drive a car from the Lane Motor Museum collection?

Local Weather
Today
Nashville, TN
40°F
Cloudy
Wind: 5 mph
Humidity: 63%

EVENTS

STEM-Posium. Nashville Area Chamber of Commerce and Middle Tennessee STEM Innovation Hub event on Thursday is designed to guide communities in Middle Tennessee as they build dynamic partnerships for all stakeholders, including K-12 schools, colleges and universities, businesses and community partners. Keynote Speaker will be David Burns, director of STEM Innovation Networks with Battelle. 8:30 a.m. registration, 9-11:30 a.m. program. Information: nashvillechamber.com, 743-3150.

more events »

REAL ESTATE

Top residential real estate transactions for August 2012

August 2012 residential real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

REALTY CHECK

Homeownership need not be exclusive club

The German language includes the word “schadenfreude,” which is the act of deriving joy from the misfortunes of others. Schadenfreude has reached the Nashville community in epidemic proportions, especially as it pertains to residential real estate transactions.

TERRY McCORMICK

Young Locker thrown into a bad situation

When the Tennessee Titans made the decision a month ago to start the season with Jake Locker at quarterback, it was clear that there would be some bumps in the road. Two weeks in, no one could have anticipated this many potholes.

NEWSMAKERS

LBMC names Lewis its partner in charge

Lattimore Black Morgan & Cain, PC, Tennessee’s largest regional accounting and business consulting firm, has named Thomas Lewis as partner in charge of Security and Risk Services, one of LBMC’s fastest growing service lines.

BUSINESS BOOK REVIEW

Breaking into the boys’ club isn’t easy

More and more lately, your office feels like an eighth-grade boys’ locker room.

GUERRILLA MARKETING

3 tips for improving a struggling sales team

Successfully managing a sales team takes a special touch, because great salespeople are wired differently than most. Their defining qualities – fearlessness and dogged determination – are what make them both stellar at closing business and, at times, a handful to manage.

THE WORLDLY INVESTOR

Examining unknowns, certainties

US Fed = Yes

ECB = Yes

US Government = Maybe

China = Unknown

Last week’s announcement of “unlimited” easing from the U.S. Fed combined with the “unlimited” easing announcement by the European Central Bank extended the global rally in everything but Treasuries.

SMART STUFF 4 WORK

Mysterious human connections

Every day, most of us sit and routinely use computers that are somehow connected to virtually every part of the planet we inhabit. Recently we have viewed events occurring as far away as Mars. And we do all this wirelessly. I suspect most of us do not question it, or even find it all that unusual, that we receive signals over long distances without any connecting wires. In view of this, maybe you won’t find it so unusual that signals also pass between and among human beings interacting with each other.

I SWEAR

Students reflect on judge’s ‘in your face’ visits

Transitioning now, from the past four weeks of courtroom pleadings and testimony, to actual letters. Received by me. From 5th and 6th grade students who attended programs I presented in their schools or actual sessions at the courthouse.

KAY'S COOKING CORNER

Do you know sweetbreads from panko?

It’s been a while since I’ve featured a cooking quiz, so I think today is a good time to have one.

NASHVILLE AREA

HCA expansion adding jobs, towers in Tennessee

NASHVILLE (AP) - Health care company HCA is relocating the headquarters of two of its business units to midtown Nashville in a move that could bring as many as 2,000 jobs to one of the largest commercial office developments in the city's history.

Nashville judge upholds photo voter ID law

NASHVILLE (AP) — A judge in Nashville has held Tennessee's voter identification statute constitutional.

STATEWIDE

Tennesseans receiving claims forms in settlement

NASHVILLE (AP) — The state attorney general's office is mailing claims forms to about 37,000 Tennesseans who may be eligible to receive a portion of a national mortgage foreclosure settlement.

NATIONAL BUSINESS

Stocks higher after 5-day losing streak

NEW YORK (AP) — Stocks rallied Thursday on Wall Street and appeared headed for their first gain of the week after Spain announced severe budget cuts intended to convince the world that it can meet deficit-reduction targets.

Oil prices rise after 3 days of declines

NEW YORK (AP) — The price of oil is up more than $2 per barrel after three straight days of declines as weekly unemployment claims in the United States fell to their lowest level in two months.

Gates: New Windows 8 system is 'very exciting'

NEW YORK (AP) — Microsoft founder Bill Gates on Thursday called the new Windows 8 operating system scheduled for release next month "a very exciting new product" and "a very big deal" for the world's largest software maker.

Rate on 30-year mortgage hits record low 3.40 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.

US economy grew 1.3 percent in second quarter

WASHINGTON (AP) — The U.S. economy grew at an even more sluggish pace in the April-June quarter than previously believed as farm production in the Midwest was reduced by a severe drought.

Contracts to buy US homes fell slightly in August

WASHINGTON (AP) — The number of Americans who signed contracts to buy previously occupied homes fell in August from a two-year high in July.

US unemployment aid applications at 2-month low

WASHINGTON (AP) — The number of Americans seeking unemployment benefits plunged 26,000 last week to a seasonally adjusted 359,000, a hopeful sign for the job market. It's the lowest level of weekly applications in nine weeks.

US durable orders fall, but business investment up

WASHINGTON (AP) — Demand for long-lasting manufactured goods plunged in August because of a huge drop in volatile commercial aircraft orders. But in a hopeful sign, orders that reflect business investment plans rose.

Tempur-Pedic buying Sealy for about $228.6M

LEXINGTON, Ky. (AP) — Mattress company Tempur-Pedic is buying rival Sealy for about $228.6 million in cash.

Student debt stretches to record 1 in 5 households

WASHINGTON (AP) — With college enrollment growing, student debt has stretched to a record number of U.S. households — nearly 1 in 5 — with the biggest burdens falling on the young and poor.

Harvard endowment shrinks; still wealthiest in US

CAMBRIDGE, Mass. (AP) — Harvard University's endowment shrunk slightly during the last fiscal year to $30.7 billion, but the Ivy League school remains the wealthiest in the nation.

5 major rental car companies agree on recall plan

ALBANY, N.Y. (AP) — Sens. Charles Schumer of New York and Barbara Boxer of California say five major rental car companies have agreed to stop leasing and selling vehicles under safety recalls.


WEDNESDAY, SEPTEMBER 26
MUSIC INDUSTRY

Aldean, Clarkson among CMA awards performers

NASHVILLE (AP) - Jason Aldean and Kelly Clarkson are among the first performers announced for this year's Country Music Association Awards.

George Strait hitting the road for the last time

NASHVILLE (AP) - George Strait is getting ready to park his tour bus.

NASHVILLE AREA

DoJ wants divestiture before parking acquisition

NASHVILLE (AP) - The U.S. Department of Justice has filed an antitrust lawsuit to block Standard Parking Corp.'s acquisition of Central Parking Corp.

Capella negotiates Hot Springs merger

HOT SPRINGS, Ark. (AP) - Two Hot Springs hospitals have signed a merger agreement that would put them both under Capella Healthcare.

Gaylord shareholders vote to reorganize as REIT

NASHVILLE (AP) - Gaylord Entertainment Company shareholders have approved a plan to reorganize as a real estate investment trust and turn over management of its four resort properties to Marriot International Inc.

NATIONAL BUSINESS

New US home sales: Volume slightly lower, prices higher in August

WASHINGTON (AP) — Sales of new homes in the United States dipped slightly in August from July but the median price of homes sold during the month rose by a record amount.

Fewer US CEOs planning to expand, hire

WASHINGTON (AP) — A survey of U.S. chief executives shows a sharp drop in the number of large companies that plan to add jobs or hire more workers.

US stocks down on Europe unrest, weaker home sales

A mixed report about the housing market and unrest in Europe on Wednesday extended the longest losing streak for the Standard & Poor's 500 index since mid-July. Other risky assets, like European stocks and oil, fell more sharply.

Gas prices unlikely to fall as fast as oil

Not so fast. That's the message for drivers hoping a recent drop in oil prices will soon show up at the gas station.

Mr. Sexy Back tries to bring Myspace back

NEW YORK (AP) — MySpace, the once-mighty social network-turned entertainment site, is trying to stage yet another comeback with the help of Justin Timberlake.

Barnes & Noble launches new Nook HD

NEW YORK (AP) — Barnes & Noble is rolling out two new versions of its Nook tablet with sleek new hardware and a sharper high-definition screen. The bookseller's move heightens the already intense tablet wars heading into the holiday season.

NATIONAL POLITICS

Economic trend lines, for now, favoring Obama

WASHINGTON (AP) — For the past year, as the presidential election unfolded, President Barack Obama confronted a dizzying swell of economic news — hiring up, hiring down, a euro crisis abroad, seesawing gasoline prices at the pump, foreclosures dragging down home values.

New ID laws could delay outcome of close election

WASHINGTON (AP) — The presidential election is Nov. 6, but it could take days to figure out the winner if the vote is close. New voting laws are likely to increase the number of people who have to cast provisional ballots in key states.

AP-GfK Poll: Most see health law being implemented

WASHINGTON (AP) — They may not like it, but they don't see it going away. About 7 in 10 Americans think President Barack Obama's health care law will go fully into effect with some changes, ranging from minor to major alterations, an Associated Press-GfK poll finds.


TUESDAY, SEPTEMBER 25
MIDSTATE

Lebanon newspaper shortens publication schedule

LEBANON (AP) - The publisher of The Lebanon Democrat (http://bit.ly/QhZNol) says the newspaper is changing its print publication schedule to five days a week.

NASHVILLE AREA

House Dems to speak against Nashville schools fine

NASHVILLE (AP) — House Democrats are speaking out against a decision by Republican Gov. Bill Haslam's administration to withhold $3.4 million in state funding from Nashville because of a dispute over a charter school application.

3 airlines add flights to Nashville airport

NASHVILLE (AP) — Three major airlines have announced additional flights to the Nashville International Airport with new routes to Boston, Cleveland and Los Angeles.

MUSIC INDUSTRY

Willie Nelson pens new memoir for release Nov. 13

NASHVILLE (AP) — Willie Nelson has proven to be one of America's most prolific songwriters. Turns out he's no slouch when it comes to memoirs, either: He has a new one due in November.

AUTO INDUSTRY

Tesla unveils faster electric car charging station

HAWTHORNE, Calif. (AP) — Tesla Motors Inc. unveiled a solar-powered charging station on Monday that it said will make refueling electric vehicles on long trips about as fast as stopping for gas and a bathroom break in a conventional car.

NATIONAL BUSINESS

US consumer confidence jumps to 7-month high.

NEW YORK (AP) — Americans' confidence in the economy jumped this month to the highest level since February, bolstered by a brighter outlook for overall business conditions and hiring.

Home prices rose in July in 20 major US cities

WASHINGTON (AP) — Home prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures.

Dow drops 100 after Fed official's warning

NEW YORK (AP) — A quiet day on Wall Street turned into the worst sell-off in three months after a Federal Reserve official said he doubted the bank's effort to boost economic growth would work.

Oil falls as growth worries outweigh positive news

The price of oil fell to its lowest point in nearly two months Tuesday as persistent worries about the global economy overshadowed encouraging reports about U.S. consumer confidence and housing prices.

Report: More fees, less choice for air travelers

WASHINGTON (AP) — A government report says airline passengers can expect fewer carriers to choose from, fewer flights to smaller cities and more baggage and other fees as the industry continues to grapple with high fuel prices and a weak economy.

CEO of BlackBerry maker makes case for comeback

SAN JOSE, Calif. (AP) — Research In Motion CEO Thorsten Heins says the company's BlackBerry phone is poised to regain its stature as a trailblazing device even as many investors fret about its potential demise.

Barnes & Noble to introduce Nook Video service

NEW YORK (AP) — Barnes & Noble Inc. says it will launch a video service this fall that lets users buy and watch movies and TV shows on their mobile devices and televisions.

Staples to speed up closure of 15 stores in US

FRAMINGHAM, Mass. (AP) — Staples is speeding up the closure of about 15 of its U.S. stores and plans to close 45 stores and some delivery businesses in Europe.

Apple supplier's factory back up after China brawl

BEIJING (AP) — A factory in China owned by the manufacturer of Apple's iPhones resumed production Tuesday after a brawl by workers highlighted tensions that labor groups say were worsened by the pressure of a new iPhone launch.

Report: Premium hikes for top Medicare drug plans

WASHINGTON (AP) — Seniors enrolled in seven of the 10 most popular Medicare prescription drug plans will be hit with double-digit premium hikes next year if they don't shop for a better deal, says a private firm that analyzes the highly competitive market.


MONDAY, SEPTEMBER 24
NASHVILLE AREA

Vanderbilt to begin offering free online courses

NASHVILLE (AP) — Vanderbilt University will offer a selection of free online classes beginning in the spring.

AUTO INDUSTRY

Toyota plans expanded range of hybrids

TOKYO (AP) — Toyota Motor Corp. is boosting its green vehicle lineup, with plans for 21 new hybrids in the next three years, a new electric car later this year and a fuel cell vehicle by 2015 in response to growing demand for fuel efficient and environmentally friendly driving.

NATIONAL BUSINESS

US stocks drift as European gloom returns

U.S. stocks meandered sideways Monday as fears about Europe overshadowed recent excitement about central banks' efforts to boost the market.

Oil drops below $92 on gloomy economic outlook

Worries about weaker economic growth dragged down oil prices Monday.

Barron's slams Facebook, stock falls

NEW YORK (AP) — Facebook Inc.'s stock took a hit Monday after an article in the financial magazine Barron's said it is "still too pricey" despite a sharp decline since its initial public offering.

Bank fees further erode free checking accounts

CHICAGO (AP) — Truly free checking accounts are becoming rarer as banks add more fees to boost their profits.

New York Times closes on $300M sale of About Group

NEW YORK (AP) — The New York Times has completed its $300 million sale of The About Group to Barry Diller's IAC/InterActiveCorp.

Feds order Discover to refund $200M to cardholders

WASHINGTON (AP) — Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring.

Apple says more than 5 million iPhone 5s sold

NEW YORK (AP) — Apple Inc. said Monday that it sold more than 5 million units of the iPhone 5 in the three days since its launch, fewer than analysts had expected.

Economists say US needs more taxes, spending cuts

NEW YORK (AP) — The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, according to a group of economists.

Village Voice being sold; Backpage.com left behind

DENVER (AP) — The Village Voice is being sold, along with all of its affiliated free arts weekly newspapers, but the deal excludes the online classified site Backpage.com, whose listings have drawn fire for promoting the illegal sex trade.


FRIDAY, SEPTEMBER 21
MUSIC INDUSTRY

Country duo Big & Rich returns — with some help

NASHVILLE (AP) — After a five-year break, Big & Rich are putting the funny back in country music — with the help of Jon Bon Jovi and Richie Sambora.

MIDSTATE

Tennessean to be honored at White House

NASHVILLE (AP) — A Kiwanis Club member from Tennessee has been selected to be honored at the White House as a "Champion of Change."

COURTS

Judge: Woman should get $1.1M, pursue 'U visa'

NASHVILLE (AP) — A Nashville woman who won a lawsuit against the Davidson County Sheriff's Office for being shackled by deputies during labor should be awarded $1.1 million and also be allowed to pursue a visa reserved for crime victims, a federal judge ruled Thursday.

STATEWIDE

Haslam picks 3 for special Supreme Court panel

NASHVILLE (AP) - Gov. Bill Haslam has selected three people to serve on a special state Supreme Court panel to hear a lawsuit concerning the state's system for selecting appeals court judges.

State jobless rate in August rises to 8.5 percent

NASHVILLE (AP) — Tennessee's unemployment rate rose slightly in August to 8.5 percent, the fourth consecutive month there has been an increase.

NASHVILLE AREA

Bar association gets an earful on conservatorship

NASHVILLE (AP) - Members of the Tennessee Bar Association heard an earful from Tennesseans upset over the state law that they say allows unscrupulous people to take advantage of vulnerable adults.

Fidelity buys majority of J Alexander's shares

NEW YORK (AP) — Fidelity National Financial Inc., a Florida-based title insurer which also has a stake in restaurant brands including Bakers Square and O'Charley's, said Thursday that it acquired majority control of J. Alexander's Corp.

NATIONAL BUSINESS

Stocks higher in US; in Europe, vows to save euro

NEW YORK (AP) — U.S. stocks traded higher Friday, with investors latching on to a few mildly hopeful signs about the economy.

Pump prices fall; oil prices up slightly

Gas prices are finally falling, but motorists shouldn't expect the numbers at the pump to drop quickly this fall.

Unemployment rates rise in half of US states

WASHINGTON (AP) — Unemployment rates rose in more than half of U.S. states last month, the latest evidence that hiring remains tepid across the country.

iPhone 5 launch draws Apple fans worldwide

In a now familiar global ritual, Apple fans jammed shops across the globe to pick up the tech juggernaut's latest iPhone.

Labor strife threatens American Airlines schedule

DALLAS (AP) — With American Airlines canceling dozens of flights every day, passengers with fall travel plans are confronting an inconvenient question: Should they avoid the nation's third-largest carrier because labor strife might cause delays and cancelations?

US economy hobbled by weak hiring, manufacturing

WASHINGTON (AP) — A trio of reports Thursday offered a reminder that the U.S. economy is struggling to grow and add jobs.

Microsoft fixing security bug in Internet Explorer

REDMOND, Wash. (AP) — Microsoft is releasing an update to its Internet Explorer browser to fix a security problem that could expose personal computers to hacking attacks.

Stock prices reduced US household wealth in Q2

WASHINGTON (AP) — Americans' wealth dipped about 0.5 percent in the April-June quarter as a drop in stock prices more than offset a gain in home values.

Wal-Mart will stop selling Amazon.com Kindles

NEW YORK (AP) — Wal-Mart Stores Inc. is phasing out the sale of Amazon.com's Kindle Fire tablet and Kindle e-readers, the second major retailer to stop offering the items in six months.

Kroger adds clothing to shopping list in Ohio

NEW YORK (AP) — Add a pair of blue jeans to the grocery list.

Taiwan company fined $500 million for LCD price fixing

SAN FRANCISCO (AP) — A Taiwanese company was fined $500 million Thursday and its former president and executive vice president were each sentenced to three years in prison for their leading roles in a global LCD screen price-fixing conspiracy.

AUTO INDUSTRY

GM recalls midsize cars to fix transmission cables

DETROIT (AP) — General Motors is recalling nearly 474,000 Chevrolet, Pontiac and Saturn cars to fix a transmission problem that can cause the cars to roll away unexpectedly.

Canadian auto union has deals with 2 of Big 3

TORONTO (AP) — Canadian autoworkers have reached contract deals with two of the Big Three and now are focusing in on the third — Chrysler.

Chrysler factory running, day after fatal stabbing

DETROIT (AP) — The assembly line is running again at a Chrysler factory in Detroit, one day after an employee fatally stabbed his co-worker in view of their colleagues.

NATIONAL POLITICS

WHY IT MATTERS: Wall Street regulation and reform

EDITOR'S NOTE _ One in a weekday series examining issues at stake in the election and their impact on people.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0