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VOL. 36 | NO. 24 | Friday, June 15, 2012

Midstate still ‘sold!’ on allure of auctions

Internet bidding can’t match face-to-face battles

Tommy Anderson always knew he would be an auctioneer. His father, Clive Anderson Jr., was an auctioneer, as was his grandfather, Clive Sr. The family has been in the business since 1947, and the number printed on Clive Sr.’s state license is “1.”

Butler Snow’s expansion ‘just the start’

Going from two lawyers to nearly 40 seemingly overnight is just the beginning for a Mississippi-based law firm’s presence in Music City, says Donald Clark Jr., the firm’s chairman.

New insurance player to open 30 Middle Tennessee stores

Consumers are used to physical storefronts for everything from groceries to lumber, but is this how they want to purchase insurance? Brightway Insurance is betting so, and is targeting Middle Tennessee for a 30-location expansion of its in-store coverage sales model.

Blumstein: Obamacare mandates at risk in coming Supreme Court ruling

When the Supreme Court decides the fate of the Affordable Care Act later this month, its mandates – for people and for the states – are sure to be a major focus, says Vanderbilt Law Professor James Blumstein.

Local Weather
Nashville, TN
Partly Cloudy
Wind: South at 5.8 mph
Humidity: 47%


2012 Employment Law Seminar. The Tennessee Human Rights Commission (THRC) will today present its 2012 Employment Law Seminar at One Century Place Conference Center, 26 Century Blvd. in Nashville, 8 a.m.-4:30 p.m. The seminar provides legal and human resource professionals in the state of Tennessee with practical advice and best practices covering various aspects of employment law. This seminar will feature experienced employment law experts who will discuss the latest in employment discrimination law. Early registration is encouraged. The registration fee is $125 which includes conference materials, breakfast, lunch and refreshments. Deadline for registration is June 14. The 2012 program has been submitted for both CLE and HR Recertification credit. Information: 253-1608, tn.gov/humanrights for the registration form.

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Green Loop: From classrom to real world

What started as a class project has the potential to be so much more if the creative forces behind it can get the funding together.


Don’t count on luck to prevent chimney fires

“Chim Chiminey Chim Chiminey. Chim Chim Cher-ee! A sweep is as lucky as lucky can be,” or so the song from Mary Poppins goes. Chimney owners who are not acquainted with chimney sweeps are as lucky as lucky can be if they have not had fire damage to their homes.


Top residential sales for May 2012

Top residential sales for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Real estate trends for May 2012

Real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Top mortgage lenders for Davidson County, May 2012

A look at Davidson County’s top mortgage lenders for May 2012 based on total number of commercial and residential loans, as compiled by Chandler Reports.


Cannon Cancer Center gets COO, administrator

TriStar Centennial Medical Center has named Patti Moser as the new administrator of the Sarah Cannon Cancer Center. She also serves as chief operating officer.


‘Pipe Kitty’ shows power of viral marketing

If the phrase “pipe kitty” means anything to you, you’ve likely witnessed the tremendous power of viral marketing. Though certainly not a concerted marketing effort, Greenway Home Services, a local HVAC, plumbing and appliance repair company, began a viral marketing sensation this past weekend.


Punch and counterpunch

With baseline sentiment pessimistic, small changes can lead to outsized market movements. To best understand this schizophrenic environment, we must understand the forces at war. I call this the punch-counterpunch dynamic. The opponents are the economic gravitational pull of deleveraging in the developed world versus the helium provided by monetary and fiscal policy makers worldwide. Uncontested news on the deleveraging gravitational pull punches markets lower, riles pessimism, cues action from monetary and fiscal policy makers, who then counterpunch markets higher with programs and proclamations.


The red bead experiment

What can thousands of red and white beads and a paddle teach us about leadership and management? The short answer is that many leaders are not really leaders and many managers do not really manage.


Readers pitch in with their favorites

Reader mail continues at a record pace. I love it!


Jambalaya’s has pot full of origin stories

I started out having trouble deciding on something to write about that would be halfway entertaining and, of course, yummy – then it happened. I got up and ate a piece of almond pound cake with vanilla ice cream and chocolate sauce. NOW I am ready to write!


Feds file criminal charges over mosque threat

MURFREESBORO (AP) - Federal authorities have charged a Texas man with threatening to bomb a mosque being built in Tennessee on the 10th anniversary of 9/11.


Nashville music executive Donna Hilley dies

NASHVILLE (AP) - Donna Hilley, the former Sony/ATV Nashville president and CEO and a prominent female executive in country music, died on Wednesday from an extended illness, the company announced.


Columbia judge to lead state judicial conference

NASHVILLE (AP) - Circuit Court Judge Robert L. Holloway Jr. of Columbia has been installed as incoming president of the Tennessee Judicial Conference.


Dems want special session to discuss tuition hike

NASHVILLE (AP) — Democratic lawmakers who want to use surplus state revenues to halt tuition increases and make deeper cuts to the sales tax on groceries called on Republican Gov. Bill Haslam Wednesday to convene a special session to discuss the ideas.


Regents accused of mistreating Tennessee State

NASHVILLE (AP) - A lawsuit against the Tennessee Board of Regents claims the agency is trying to destroy Tennessee State University by unfairly treating the school.

Blast at Opryland Hotel does $750,000 in damage

NASHVILLE (AP) — Damage was estimated Wednesday at up to $750,000 as a result of a gas explosion at the sprawling Gaylord Opryland Resort and Convention Center.


Measure of US economy rose 0.3 percent in May

WASHINGTON (AP) — A measure of future U.S. economic activity rose in May to the highest level in four years, a sign the economy will keep growing but at a modest pace.

US home sales slipped 1.5% in May; Middle Tennessee up 20-32%

WASHINGTON (AP) — Americans bought fewer homes in May than April, suggesting a modest recovery in the housing market could be choppy.

Rate on 30-year mortgage falls to record 3.66 pct.

WASHINGTON (AP) — The average U.S. rate on a 30-year fixed mortgage fell this week to a record low for the seventh time in eight weeks. Cheap mortgages have helped drive a modest recovery in the weak housing market this year.

US unemployment aid applications little changed

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits dipped last week but not by enough to signal a better month of hiring in June.

Stocks plunge after weak manufacturing reports

NEW YORK (AP) — A quiet start on Wall Street quickly turned into a rout Thursday as the bad news piled up.

Oil price drops below $80 for first time since October

NEW YORK (AP) — The price of oil fell nearly $3 on Thursday to dip below $80 for the first time since October.

European officials to meet but crisis fix elusive

LUXEMBOURG (AP) — Europe's finance ministers meeting Thursday will try to find common ground on whether to soften Greece's austerity terms, possibly clear a bank bailout request from Spain and discuss new ways to boost confidence in the 17-country eurozone.


Senate bill brings some big changes to farm policy

WASHINGTON (AP) — Briefly putting election-year politics aside, the Senate on Thursday moved toward strong approval of legislation assuring that farmers hit by bad times will be protected and that millions of others hurt by the bad economy won't go hungry.

Obama wants action on student loan rates

WASHINGTON (AP) — President Barack Obama on Thursday will again urge Congress to stop interest rates on student loans from doubling on July 1.


State grant of up to $7.5 million OK'd for TV show

NASHVILLE (AP) - A state grant of up to $7.5 million has been approved for the Nashville television show on ABC this fall.

Plaintiffs to appeal judge's dismissal of lawsuit promoting gay, lesbian protections

NASHVILLE (AP) - An attorney for plaintiffs who have filed a lawsuit challenging a state law that overruled local protections for gay and lesbian workers said Wednesday that she will appeal a judge's decision to dismiss the suit.

Council votes to raise property taxes in Nashville

NASHVILLE (AP) - The Metro Council voted to raise property taxes in Nashville for the first time in seven years to fund a $1.71 billion operating budget for the city.

Gas explosion at Opryland Hotel forces evacuation

NASHVILLE (AP) - A gas explosion at the Gaylord Opryland Resort and Convention Center caused the evacuation of over 5,000 guests Tuesday night, but no injuries were reported and guests were allowed back inside early Wednesday.

Bridgestone announces 4-year extension with NFL

NASHVILLE (AP) — Bridgestone is switching from sponsoring halftime at the Super Bowl to a yearlong presence with the NFL under a new four-year agreement.


UT Board to make tuition hike recommendation today

NASHVILLE (AP) - Students in the University of Tennessee system will find out this week how much their tuition will be in the fall.


Exhibit about Swift's world tour now on display

NASHVILLE (AP) - An exhibit about Taylor Swift's 2011-12 world tour is on display at the Country Music Hall of Fame and Museum in Nashville.


Fewer US CEOs plan to hire, boost spending

WASHINGTON (AP) — A survey of chief executives shows fewer large U.S. companies plan to hire or boost spending in the next six months, reflecting a weaker U.S. economy.

Bernanke: Bond buys an option if economy sours

WASHINGTON (AP) — Chairman Ben Bernanke said Wednesday that the Federal Reserve is open to another round of bond purchases to lower long-term interest rates and boost growth if the job market doesn't improve.

Fed extends 'Twist' program to drive rates lower

WASHINGTON (AP) — The Federal Reserve acted Wednesday to lift an economy that's being held back by a weakened job market. It's extending a program designed to spur borrowing and spending through lower long-term U.S. interest rates.

Stocks little changed after Fed announcement

Stocks closed a little lower after the Federal Reserve's economic update failed to give investors much to get excited about.

Oil prices fall as US supplies grow

NEW YORK (AP) — A "build" and a "Twist" knocked oil prices to the floor on Wednesday.

Lexus tops auto quality study as industry improves

DETROIT (AP) — Lexus makes the best-quality cars in the U.S., and automakers overall are much better at eliminating problems that land vehicles in the repair shop, according to a new survey of car owners.

Starbucks to open its first Tazo tea shop

NEW YORK (AP) — Starbucks Corp. is planning to open its first tea shop, under its Tazo brand.

World leaders weigh stimulus vs. austerity at G-20

LOS CABOS, Mexico (AP) — With major European economies on the brink of collapse, leaders concluding an annual Group of 20 meeting sought Tuesday to reassure the world that they would find a way to put out the debt-fueled economic wildfire that has threatened banks, wiped out jobs and toppled governments across the continent.

Procter & Gamble cuts 4Q profit, revenue outlook

NEW YORK (AP) — Procter & Gamble Co. cut its fourth-quarter earnings and revenue forecasts, hurt by unfavorable foreign exchange rates and weakness in developed markets.

Burger King stock to return to NYSE today

NEW YORK (AP) — Burger King will return to the New York Stock Exchange after the market opens Wednesday.


GOP drops effort to block FCC on campaign ads

WASHINGTON (AP) — Republicans controlling the House on Wednesday dropped an effort to block the Federal Communications Commission from implementing new rules requiring TV stations to disclose online information about political ad buys by candidates, political parties and outside groups.

Senate defeats bid to block EPA power plant rule

WASHINGTON (AP) — The Democrat-controlled Senate defeated a bid Wednesday to block the Environmental Protection Agency from setting the first federal standards to reduce toxic air pollution from power plants.

Obama asserts executive privilege

WASHINGTON (AP) — The Justice Dept says that President Barack Obama has asserted executive privilege to withhold documents a House committee is seeking in an investigation of a flawed gun-smuggling probe.

Obama: Euro crisis could affect my re-election

WASHINGTON (AP) — President Barack Obama is acknowledging that Europe's economic situation could have a spillover effect on his own re-election prospects.

Poll: Vast support for new health care effort

WASHINGTON (AP) — Americans overwhelmingly want the president and Congress to get to work on a new bill to change the health care system if the Supreme Court strikes down President Barack Obama's 2010 overhaul as unconstitutional, a new poll finds.

GOP senators won't say if Obama plan is amnesty

WASHINGTON (AP) — When it comes to President Barack Obama's new immigration policy, Senate Republicans are quite sure they don't like it. They just don't want to say if it amounts to amnesty, at least not yet, while they await guidance on the politically charged issue from presidential candidate Mitt Romney.


Germantown East co-owner died of accidental suffocation

NASHVILLE (AP) - A medical examiner has concluded that a Nashville restaurant owner died of accidental suffocation by carbon dioxide inhalation when he was trapped in a cooler.


Williamson home-school athletes barred from teams

FRANKLIN (AP) — The Williamson County School Board has voted against allowing home-schooled students to participate in sports on high school teams.


Rep. Hurley defends holding dog out of moving car

NASHVILLE (AP) - A state lawmaker hit back Tuesday at critics of a YouTube video she posted of her dog Pepper being held outside a moving car for what she called an "air swim."


Candidate for US Senate faces sex charge

NASHVILLE (AP) - A Democratic candidate for U.S. Senate who is charged with solicitation of a minor had a "severe mental disease" at the time of his alleged crime, according to a mental evaluation.


Why stocks may be even riskier than you think

NEW YORK (AP) — Job growth in the United States is slowing. Sales at stores have stopped growing. The economies of India, Brazil and China are cooling. Europe is crippled by government debt and bad bank loans.

Stocks snap higher on hopes for new Fed action

NEW YORK (AP) — Stocks rose sharply on Wall Street Tuesday as traders turned their focus back to corporate news from the U.S. and hopes that the Federal Reserve will come up with a plan to jumpstart the economy. Banks and materials stocks led the market higher.

Oil price rises on hopes Fed will boost US economy

NEW YORK (AP) — The price of oil rose Tuesday on hopes that the Federal Reserve would announce new measures to stimulate the U.S. economy.

US employers post fewest job openings in 5 months

WASHINGTON (AP) — Employers in April posted the fewest job openings in five months, suggesting hiring will remain sluggish in the months ahead.

US builders start more single-family homes

WASHINGTON (AP) — U.S. builders started work on more single-family homes in May and requested the most permits to build homes and apartments in three and a half years. The increase suggests the housing market is slowly recovering even as other areas of the economy have weakened.

Draft: G-20 will produce plan for global growth

LOS CABOS, Mexico (AP) — The leaders of the world's largest economies will portray themselves as united behind efforts to boost growth and job creation in order to repair a global economy roiled by fears over the European financial crisis, according to a draft of the statement to be released Tuesday at the end of the Group of 20 annual meeting.

Fed meets as many await possible help for economy

WASHINGTON (AP) — The Federal Reserve is meeting this week at a time of high alert — over the slumping U.S. economy, the aftermath of the Greek elections and the shaky financial markets.

FedEx predicts slower earnings growth this year

NEW YORK (AP) — FedEx Corp. said Tuesday that a combination of higher costs and slow global growth will crimp its earnings results over the next 12 months.

Barnes & Noble loss narrows

NEW YORK (AP) — Barnes & Noble said Tuesday that its fiscal fourth-quarter loss narrowed as the company continues to invest in its Nook e-reader business.

Microsoft's 'Surface' tablet aims for productivity

LOS ANGELES (AP) — Microsoft unveiled a new tablet computer, Surface, that attempts to take advantage of one of the few criticisms of Apple's iPad — that it is better for consuming content than creating it.

Walgreen to spend $6.7B on Alliance Boots stake

Walgreen Co. will pay $6.7 billion in cash and stock to buy a stake in European health and beauty retailer Alliance Boots in the first international venture for the largest U.S. drugstore chain.

Samsonite recalls suitcases in health scare

HONG KONG (AP) — Samsonite International SA is recalling 250,000 "Tokyo Chic" suitcases worldwide to replace handles on the bags after a Hong Kong consumer group found high levels of compounds linked to cancer.


Obama 'encouraged' on Europe; G-20 seeks answers

LOS CABOS, Mexico (AP) — Needing an economic boost, President Barack Obama is trying to land assurances that Europe is closing in on a financial crisis response that will calm the markets and keep the continent's woes from undermining the world. As he presses European leaders to drum up economic demand, they want promises the United States won't plunge off a fiscal cliff by year's end.

Millions will remain uninsured even if 'Obamacare' survives

One of the biggest misconceptions about President Obama's health care overhaul isn't who the law will cover, but rather who it won't.

Lawmakers try to save stalled transportation bill

WASHINGTON (AP) — House and Senate leaders are making a last-ditch effort to revive stalled legislation to overhaul federal transportation programs — Congress' best bet for passage of a major jobs bill this year — but prospects for passage before the November election are dimming.

Senate makes progress on farm bill

WASHINGTON (AP) — The Senate late Monday broke a deadlock that had threatened to bring down a half-trillion-dollar farm and food bill, setting the stage for expected passage of the measure later this week.

Republicans want food stamps cut in big farm bill

WASHINGTON (AP) — The 1,000-page "farm bill" being debated in the Senate is somewhat of a misnomer. Four of every five dollars in it — roughly $80 billion a year — goes for grocery bills for one of every seven Americans through food stamps.


Co-owner of Germantown Cafe East restaurant found dead in cooler

NASHVILLE (AP) - The co-owner of a Nashville restaurant has been found dead inside the restaurant's walk-in cooler and police say they believe he may have accidentally locked himself inside.

500 sheriffs in Nashville for annual conference

NASHVILLE (AP) - Approximately 500 of the country's sheriffs are in Nashville for the 2012 National Sheriffs Association conference through Wednesday.


Special master sought in missing voter files case

NASHVILLE (AP) - State elections officials and lawyers for Democratic plaintiffs in a voter purge lawsuit have agreed to ask a federal judge to appoint a special master to look into missing voter files.

18 people applying for top regulatory position

NASHVILLE (AP) - Interviews are starting for some of the 18 people who are seeking to become the first executive director of the Tennessee Regulatory Authority, which oversees utilities in the state.

AG opinion allays lawmaker's open meetings concern

NASHVILLE (AP) — A state lawmaker says a recent legal opinion from the state's attorney general has soothed concerns about Tennessee's open meetings law.


Youth center closure resulting in locked up kids

NASHVILLE (AP) - Officials say the state plan to close down the Taft Youth Development Center and transfer juvenile offenders to other facilities is causing delays in assigning juveniles and creating a flow of children into local juvenile detention centers.

Corps replacing damaged buildings at Cheatham Dam

ASHLAND CITY (AP) - The U.S. Army Corps of Engineers is holding a groundbreaking ceremony to replace buildings at the Cheatham Dam destroyed by the May 2010 flood.

Congressional field hearing today in Murfreesboro

MURFREESBORO (AP) — Gov. Bill Haslam and U.S. Senators Lamar Alexander and Bob Corker are to testify Monday in Murfreesboro at a Republican dominated Congressional field hearing.


Sugarland's Jennifer Nettles is having a baby

NASHVILLE (AP) - Sugarland's Jennifer Nettles is pregnant.


US builder confidence ticks up to 5-year high

WASHINGTON (AP) — Confidence among U.S. builders ticked up this month to a five-year high, an indication that the housing market is slowly improving.

US stocks close largely unchanged as European debt crisis festers

Crisis-weary investors scoffed Monday at what had appeared to be a hopeful turn in the European debt crisis: a victory for pro-Europe parties in a Greek election. U.S. stocks were little changed, and borrowing costs for Spain surged to alarming levels.

Relief from Greek election likely to be fleeting

ATHENS, Greece (AP) — Greece's election result has eased fears of imminent financial disaster for Europe, but the continent's leaders are still searching for a way to contain a debt crisis that threatens the global economy.

Oil price falls below $83 on Europe concerns

NEW YORK (AP) — The price of oil is falling as investors' worries about Europe shift to Spain.

Microsoft's 'major' announcement could be tablet

NEW YORK (AP) — Speculation is building that Microsoft will unveil a tablet computer on Monday.

High court says no OT pay for drug sales reps

WASHINGTON (AP) — The Supreme Court has ruled that sales representatives for pharmaceutical companies do not qualify for overtime pay under federal law, a big victory for the drug industry.

A welcome let-up in health costs that may not last

WASHINGTON (AP) — Health care spending has eased up recently, a welcome respite for government and corporate budgets. But why has it? And will relief last or are medical costs on a roller coaster, like gas prices?

Fabricated bank adds to China's list of fakery

BEIJING (AP) — In a China awash with fake iPhones, pirated DVDs and knockoff Louis Vuitton bags, rice trader Lin Chunping took fakery to a whole new level: He invented a U.S. bank and claimed he bought it.


Rutherford County votes to appeal mosque ruling

MURFREESBORO (AP) - The Rutherford County Commission has voted to appeal a judge's ruling that voided the approval of a mosque for failing to provide adequate public notice.


Whirlpool drops appeal in Tenn. harassment case

NASHVILLE (AP) - The U.S. Equal Employment Opportunity Commission says Whirlpool Corp. has agreed to drop its appeal of a $1 million judgment for failing to stop racial and sexual harassment at a Middle Tennessee plant.

Michelle Obama to address AME Church conference

NASHVILLE (AP) — First Lady Michelle Obama will give the keynote address to the nation's oldest black religious denomination at the general conference of the African Methodist Episcopal Church in Nashville on June 28.


Tenn. jobless rate increases slightly in May

NASHVILLE (AP) - Tennessee's unemployment increased slightly in May, the first increase in two years.

Huffman: Ed department preparing evaluation report

NASHVILLE (AP) - Tennessee education officials are considering changes around some of the same areas identified in a recent study requested by the governor, the education commissioner said Thursday.


Stocks at 1-month high; now investors watch Greece

NEW YORK (AP) — Stocks recorded their third big gain of the week and closed at a one-month high Friday because of expectations that the central banks of countries around the world will step in to limit the damage from a debt crisis in Europe.

US factory production declined 0.4 pct. in May

WASHINGTON (AP) — U.S. factories produced less in May than April, as automakers cut back on output for the first time in six months. The report indicates that manufacturing, a key driver of the economic growth, is slowing.

How Greek euro exit might affect the US

NEW YORK (AP) — The unthinkable suddenly looks possible. Bankers, governments and investors are starting to prepare for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system.

Oil price climbs ahead of crucial Greece election

Greece consumes a small amount of the world's oil. But it could have a big effect on the price of crude next week.

Again a power in OPEC, Iraq could shift landscape

BAGHDAD (AP) — Iraq's rapidly expanding oil production is likely to complicate OPEC's efforts to influence world prices as the country re-emerges as a major player after 20 years on the sidelines due to sanctions and strife.

Middle-income family spends $235,000 to raise baby

WASHINGTON (AP) — For $235,000, you could indulge in a shiny new Ferrari — or raise a child for 17 years.

Low prices, weak hiring raise odds of Fed action

WASHINGTON (AP) — The U.S. job market is flagging, and consumer prices are barely rising. The picture sketched by data released Thursday has made some economists predict the Federal Reserve will announce some new step next week to boost the economy.

Disney rolls out more live TV apps with Comcast

LOS ANGELES (AP) — Disney rolled out three more apps that enable pay TV subscribers of Comcast to watch live TV on the go.


In many statehouses, GOP confronts dissension

JEFFERSON CITY, Mo. (AP) - Republicans set out a bold conservative agenda after taking control of state capitols across the Midwest and South in the last general election. They wanted to cut taxes and spending, put new limits on labor unions, crack down on illegal immigrants and give parents more alternatives to traditional public schools.

Pelosi confident court will back health care law

WASHINGTON (AP) — House Democratic leader Nancy Pelosi is predicting the Supreme Court will uphold the constitutionality of the health care law by a 6-3 vote.

Senate panel blocks new rules on foreign workers

WASHINGTON (AP) — Several Democrats on a Senate panel voted with Republicans to temporarily block new labor-friendly rules protecting seasonal foreign workers who often perform backbreaking labor at low wages.

NYC ban on big sodas could face legal test

NEW YORK (AP) — If New York City bans big sodas, what's next on the list? Large slices of pizza? Double-scoop ice cream cones? Tubs of movie-theater popcorn? The 16-ounce strip steak?

General Mills against amendment banning gay marriage

ST. PAUL, Minn. (AP) — General Mills said Thursday it opposes a proposed Minnesota constitutional amendment to bay gay marriage, the largest company in the state to come out against the measure so far.

SEC questioned Facebook about Zynga, mobile

NEW YORK (AP) — New documents show that federal regulators wanted to know more about Facebook's mobile users and the company's relationship with the online game company Zynga in the months leading to Facebook's initial public offering of stock.

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