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VOL. 36 | NO. 27 | Friday, July 6, 2012

Now showing: Downtown life

Refurbished theaters help bring visitors to city centers

CLARKSVILLE – Two men’s shared dream turned the Roxy Theatre – a derelict and rat-infested reprobate of a movie theater – into a beacon of hope that has not only drawn shoppers and businesses to downtown Clarksville, it may well hold the key to the city’s mercantile future.

Franklin Theatre adds to already-vibrant downtown

While the Roxy has been fighting almost 30 years to contribute life to downtown Clarksville, the city of Franklin spent 30 years revitalizing downtown before turning to the old theater for help.

School expansions serve Sumner’s children with learning differences

HENDERSONVILLE – Mariana Buda always knew there was something different about her youngest child Saul, now 12. Unlike his three older siblings, he had problems learning shapes and colors as a baby and, despite flashes of intelligence that left as soon as they came, Buda was at a loss as to what was wrong.

Hendersonville Christian also expanding services

Hendersonville Christian Academy, currently in its 35th year and serving 260 students, is opening an extension campus in Gallatin to serve preschoolers. Headmaster William Slater says the school has, for two years, operated a bus service that picks up and drops off at Harvest Hills Baptist Church, but preschoolers were not eligible.

Local Weather
Currently
Nashville, TN
72.0°F
Fair
Wind: North at 4.6 mph
Humidity: 59%

EVENTS

Middle Tennessee Hiring Fair. Maj. Gen. Max Haston, Tennessee’s adjutant general, has announced a hiring fair open to National Guard members, reservists, spouses and all veterans, 1-4 p.m. at the Smyrna Towne Center, 100 Sam Ridley Parkway. The fair is being sponsored by the Employer Support of the Guard and Reserve (ESGR). Information: 613-5773, joseph.c.thomas2@us.army.mil.

more events »

REALTY CHECK

It's hard to get a foot in the door with some properties

Even in the current frenzied real estate market – filled with multiple-offer scenarios with houses sometimes going for $90,000 more than list price before the clock strikes midnight on their first day of exposure – there are houses that do not sell. Many of those aren’t receiving offers, and some are never shown.

NEWSMAKERS

Community leaders join Nashville Studies board

The Vanderbilt Center for Nashville Studies has added four new community leaders to its community advisory board. They are:

GUERRILLA MARKETING

Mastering the perfect pitch

In the sales world, delivering the perfect pitch is akin to throwing a no hitter. It’s no easy feat, but those who’ve mastered the art of the flawless pitch have the power to consistently shut down the opposing team and bring home more wins.

THE WORLDLY INVESTOR

Relax: June market best since 1999

June: Boon & lampoon: After taking body blows in May, the stock market had its best June since 1999. This time, we can credit European politicians rather than American central bankers for the strong finish. That, my friends, is a welcome change.

SMART STUFF 4 WORK

Are you bowling or making music at work?

There is a story about a family with a problem child. The situation eventually became so troublesome that the parents decided to take the child to a therapist. After a brief interview, the therapist suggested a few sessions with the entire family. The parents responded by saying, “Why do we all need to attend? He’s the one with the problem!”

I SWEAR

Crossword expert was sorely needed

In Collision, the eighth episode of Lost’s second season, Locke’s in the Hatch working a crossword. He’s focused on the clue for 42 down: “Enkidu’s friend.”

KAY'S COOKING CORNER

Tasty foods that also lower cholesterol

Most people have suffered occasional heartburn. A severe case can send you to the ER thinking you are having a heart attack. I can’t imagine, though, what a heart attack must feel like; your entire chest cramping and hurting, and your heart and all other systems so completely stressed.

STATEWIDE

GOP leaders brace for possible voter problems

NASHVILLE (AP) - Republican leaders say they expect some problems may arise from recent changes in electoral procedures when early voting starts Friday in Tennessee, but they hope to have the wrinkles ironed out by the general election in November.

Ramsey: State revenue surplus should stay in bank

NASHVILLE (AP) - Senate Speaker Ron Ramsey says the state's revenue surplus of more than a half-billion dollars should stay in the bank despite calls from Democrats to use it to offset tuition costs.

Tenn. revenue surplus reaches $540M in June

NASHVILLE (AP) — Tennessee general fund revenues have beaten projections by more than a half-billion dollars with one month left in the budget year.

NASHVILLE AREA

Vanderbilt billing practices probed by feds

NASHVILLE (AP) - Federal officials are investigating Medicare billing practices at Vanderbilt University Medical Center in Nashville.

MUSIC INDUSTRY

ACM donates $2.5M to Country Music Hall of Fame

NASHVILLE (AP) - The Academy of Country Music is donating $2.5 million to help expand the Country Music Hall of Fame and Museum.

NATIONAL BUSINESS

US 30-year mortgage rate drops to record 3.56 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market.

Fewer auto closings reduce US unemployment claims

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits plunged last week. But a big reason is that automakers have skipped some of their usual summer shutdowns to keep up with demand, causing fewer temporary auto layoffs.

All eyes on JPMorgan as banks report earnings

NEW YORK (AP) — It's been a scandal-filled few months for banks.

More US homes facing foreclosure risk in June

LOS ANGELES (AP) — Banks are increasingly placing homes with unpaid mortgages on a countdown that could deliver a swell of new foreclosed properties onto the market by early next year, potentially weighing further on home values.

Stocks slide on Wall Street for sixth straight day

U.S. stocks slid for a sixth day Thursday as concern spread that weaker global economic growth and the European debt crisis will hurt U.S. corporate earnings. The Dow Jones industrial average was headed for its longest losing streak since mid-May.

Oil prices fall to near $85 a barrel in Asia

SINGAPORE (AP) — Oil fell to near $85 a barrel Thursday as signs of slowing global economic growth offset hopes that central banks will soon implement stimulus measures.

Buffett says general economy slowing this summer

OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Thursday that U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.

United Airlines orders 150 Boeing 737s

United Airlines is buying 150 Boeing 737s, planning to use them to replace older planes that are not as fuel efficient.

Yahoo investigating reported mass password breach

LONDON (AP) — Yahoo Inc. says it's investigating reports of a security breach that has purportedly exposed nearly half a million users' email addresses and passwords.

Judge lets startup relay live TV to iPhones in NYC

NEW YORK (AP) — A startup company can continue to send live TV programming to iPhones and other mobile devices in the city despite objections from major broadcasters that say expansion can threaten the free broadcasting of events such as the Super Bowl, a judge ruled Wednesday.

NATIONAL POLITICS

House committee approves 5-year farm bill

WASHINGTON (AP) — The House Agriculture Committee has approved a five-year farm and nutrition bill that gives farmers new ways to protect themselves from bad weather and poor prices and slices about 2 percent off the $80 billion the government spends every year on food stamps.

Both parties block quick votes on Obama tax plan

WASHINGTON (AP) — In a day of political maneuvering, Democrats and then Republicans took turns blocking a quick Senate vote on President Barack Obama's proposal to extend expiring tax cuts for a year on everyone but the highest-earning Americans.

Gov't auditors doubt legality of Medicare bonuses

WASHINGTON (AP) — Government auditors Wednesday questioned the legality of a costly Medicare bonus program, escalating a running skirmish in the broader battle over President Barack Obama's health care law and its consequences for seniors.


WEDNESDAY, JULY 11
MIDSTATE

New terminal opens at Clarksville airport

CLARKSVILLE (AP) — A new terminal has opened at Clarksville's Outlaw Field Airport that city officials hope will draw in more corporate fliers.

NATIONAL BUSINESS

Fed was split over policy action at June meeting

WASHINGTON (AP) — The Federal Reserve is open to taking further action to support the struggling U.S. economy. But minutes of the Fed's June meeting show policymakers at odds over whether the economy needs more help now.

Electric rates not falling along with fuel costs

NEW YORK (AP) — A plunge in the price of natural gas has made it cheaper for utilities to produce electricity. But the savings aren't translating to lower rates for customers. Instead, U.S. electricity prices are going up.

US wholesale stockpiles grew in May but sales fell

WASHINGTON (AP) — U.S. wholesale companies added modestly to their stockpiles in May. But their sales dropped by the largest amount in three years, a troubling sign for future growth.

US trade deficit fell to $48.7 billion in May

WASHINGTON (AP) — The U.S. trade deficit narrowed in May from April, helped by cheaper oil that lowered imports and an increase in American exports to Europe and China.

Stocks close lower for fifth day straight

NEW YORK (AP) — The stock market mostly recovered from an afternoon slump to end with slight losses.

Oil prices bounce back near $86

NEW YORK (AP) — The price of oil rose more than 2 percent Wednesday after the Federal Reserve released a report that signaled it may take further steps to lift the economy.

Spain imposes further austerity measures

MADRID (AP) — Spain's government imposed further austerity measures on the country Wednesday as it unveiled sales tax hikes and spending cuts aimed at shaving €65 billion ($79.85 billion) off the state budget over the next two and a half years.

American Airlines CEO says it's time to weigh merger options

DALLAS (AP) — The head of American Airlines says his company has done so much to fix its problems that it can consider potential mergers, and invitations will be going out soon.

NATIONAL POLITICS

House Dems fall short in blocking food stamp cuts

WASHINGTON (AP) — Democrats fell short in efforts Wednesday to block cuts to the food stamp program as the House Agriculture Committee moved ahead on a half-trillion-dollar bill to fund farm and nutrition programs over the next five years.

GOP-controlled House votes to repeal health law

WASHINGTON (AP) — The Republican-led House has voted to repeal President Barack Obama's health care law. But the election-year move stands no chance in the Democratic-controlled Senate.

Democrats block Senate vote on Obama tax plan

WASHINGTON (AP) — Democrats blocked a Senate vote Wednesday on President Barack Obama's plan to extend expiring tax cuts for a year for everyone but the highest-earning Americans, as the two parties maneuvered to try embarrassing each other on one of the election year's foremost issues.

US poised to allow new investment in Myanmar

WASHINGTON (AP) — The United States is poised to allow U.S. companies to invest with Myanmar's state oil and gas enterprise as the Obama administration takes its biggest step yet to roll back sanctions, marking a rare break from democracy leader Aung San Suu Kyi.


TUESDAY, JULY 10
NASHVILLE AREA

11 convenience stores raided for synthetic drugs

NASHVILLE (AP) - Authorities have shut down 11 Nashville convenience stores for allegedly selling synthetic marijuana or similar substances.

MUSIC INDUSTRY

IRS to auction Young Buck's goods

NASHVILLE (AP) - Rapper Young Buck's jewelry, recording equipment and other seized possessions will be auctioned by the Internal Revenue Service July 26.

MIDSTATE

Nashville-based Ombudsman gets extension in South Dakota

SIOUX FALLS, S.D. (AP) — An alternative high school operated by a private company in Sioux Falls produced 32 graduates in its first year of operation.

Planners consider new vote on Murfreesboro mosque

MURFREESBORO (AP) - Planning commission members are exploring a new vote on construction of the Islamic Center of Murfreesboro while they appeal a court ruling that stopped occupancy of the nearly finished mosque.

STATEWIDE

Haslam begins higher ed review

NASHVILLE (AP) — Gov. Bill Haslam will begin a review of the state's college and university systems at his residence today.

Interior Department report shows activities worth $2B for Tennessee

NASHVILLE (AP) — A U.S. Department of the Interior report says the agency's activities in Tennessee contributed more than $2 billion to the state's economy last year and supported nearly 17,000 jobs in fields ranging from energy and mineral development to tourism and outdoor recreation.

Annual hay directory comes out amid higher demand

NASHVILLE (AP) — The 2012 directory of hay producers in Tennessee is ready, and agriculture officials say it is coming just in the nick of time for some livestock farmers.

State holding earthquake preparedness drill

NASHVILLE (AP) — State and local emergency officials are holding a drill this week to test their response to a catastrophic earthquake in Tennessee.

NATIONAL BUSINESS

US job openings rose in May, good sign for hiring

WASHINGTON (AP) — U.S. employers advertised more jobs in May than April, a hopeful sign after three months of weak hiring.

Stocks fall for a fourth day as tech profits slump

NEW YORK (AP) — Stocks fell for the fourth straight day Tuesday following a profit slump at technology companies and a steep decline in oil prices, which sent energy stocks sharply lower.

Oil price drops as China slows, Norway strike ends

NEW YORK (AP) — Oil prices tumbled Tuesday on further signs of an economic slowdown in China and after the government of Norway intervened to end a strike that threatened North Sea oil production.

Source: Google to pay $22.5M fine in privacy case

SAN FRANCISCO (AP) — Google has agreed to pay a $22.5 million fine to settle allegations that it broke a privacy promise by secretly tracking the online activities of millions of people who use Apple's Safari web browser.

Health care options for young, healthy and broke

WASHINGTON (AP) — They're young, healthy and flat broke — and now the government says they have to buy thousands of dollars' worth of medical insurance. What should tapped-out twentysomethings do?

Chevy offers money-back guarantee on new vehicles

DETROIT (AP) — Chevrolet is trying to pull more customers into its dealerships this summer by offering a money-back guarantee on new cars and trucks.

Report: Financial sector least transparent

BERLIN (AP) — An anti-corruption watchdog says a new survey of corporations shows mining, oil and gas sector firms rank among the best at disclosing information on revenue, taxes and community contributions while financial companies tend to be the worst.

Target, Neiman Marcus join for holiday collection

NEW YORK (AP) — They may make an odd couple, but discounter Target and luxury merchant Neiman Marcus are jointly offering a limited collection spanning from fashion to sporting goods for the winter holidays.

Report: Some lose homes over as little as $400

WASHINGTON (AP) — The elderly and other vulnerable homeowners are losing their homes because they owe as little as a few hundred dollars in back taxes, according to a report from a consumer group.

Boeing lands another big deal on Day 2 of airshow

FARNBOROUGH, England (AP) — Boeing Co. revealed a further large order for its remodeled short-haul 737 airplane Tuesday while rival Airbus announced its first multibillion-dollar order at this year's Farnborough Airshow.

China's trade growth weakens amid economic slump

BEIJING (AP) — China's trade growth plunged in June, hurt by weak U.S. and European demand and a Chinese slowdown, with a potential impact on economies as farflung as Africa and Australia.

NATIONAL POLITICS

Senate Democrats pushing tax cuts for business

WASHINGTON (AP) — Democrats want to push tax cuts through the Senate for companies that hire new workers, give raises or buy major new equipment this year.

Obama seeks to shift election toward tax debate

WASHINGTON (AP) — Facing sagging jobs numbers, President Barack Obama sought to recast the November election as a fight over tax fairness on Monday, urging tax cut extensions for all families earning less than $250,000 but denying them to households making more than that.


MONDAY, JULY 9
MUSIC INDUSTRY

Little Big Town creates theme song for ABC show

NASHVILLE (AP) — The members of country group Little Big Town are hoping their new song is a hit — on TV.

STATEWIDE

Training in math standards begins across Tennessee

NASHVILLE (AP) — More than 13,000 teachers across the state begin training this week in what education officials describe as the largest program of its kind in Tennessee history.

NATIONAL BUSINESS

US consumers used their credit cards more in May

WASHINGTON (AP) — Americans put more on their credit cards in May than in any single month since November 2007. But overall credit card use is still well below where it was just before the Great Recession began.

Stocks slide ahead of corporate earnings season

NEW YORK (AP) — Edgy investors sent stocks lower Monday on Wall Street ahead of U.S. corporate earnings reports and amid more signs of instability in Europe.

Oil price climbs as Norwegian strike looms

NEW YORK (AP) — The price of oil climbed nearly 2 percent Monday as Norway prepares for a shutdown of its North Sea crude production.

WellPoint buying Amerigroup for about $4.46B

INDIANAPOLIS (AP) — Health insurer WellPoint Inc. is buying managed care provider Amerigroup Corp. for about $4.46 billion in cash, saying the deal will help it better serve Medicaid participants.

Boeing lands $7.2B firm order with Air Lease

Boeing says it has landed a firm order with Air Lease for 75 of its redesigned 737, worth $7.2 billion at list prices.

IndyMac leaders agree to settle class-action suit

Some leaders of the failed IndyMac Bancorp have agreed to settle a shareholder class-action lawsuit for $6.5 million.

NATIONAL POLITICS

Obama urges tax cuts for families under $250,000

WASHINGTON (AP) — President Barack Obama, eager to shift election-year attention away from the nation's lackluster jobs market, called on Congress Monday to extend tax cuts for families earning less than $250,000 a year while allowing taxes to rise for households making more.


FRIDAY, JULY 6
STATE LEGISLATURE

Kurita loses appeal of Tenn. primary ouster

NASHVILLE (AP) — Former state Sen. Rosalind Kurita on Thursday lost a federal appeal of her ouster as the Democratic nominee in her 2008 bid for re-election to the Tennessee General Assembly.

STATEWIDE

Utility regulatory agency missing staff

NASHVILLE (AP) — The state agency responsible for setting rates and service standards for privately-owned utilities is lacking an executive director and board quorum.

NATIONAL BUSINESS

Jobs data force delicate balancing act for Obama

WASHINGTON (AP) — A third straight month of weak hiring shows the U.S. economy is still struggling three years after the recession officially ended.

US stocks plunge after weak June jobs report

NEW YORK (AP) — Investors abandoned stocks Friday after the U.S. government reported that only 80,000 jobs were created in June, the third straight month of weak hiring.

Oil price climbs as Norwegian strike looms

NEW YORK (AP) — The price of oil climbed about 2 percent Monday as striking oil workers in Norway forced the industry to prepare for a historic shutdown in the North Sea.

UK agency opens criminal probe of bank rate fixing

LONDON (AP) — Britain's Serious Fraud Office said Friday that it has formally opened a criminal investigation of the manipulation of a key market interest rate that has shaken Barclays.

After weak June, retailers to sweat out summer

NEW YORK (AP) — Retailers could be sweating it out this summer.

US hiring outlook improves, but economy still weak

WASHINGTON (AP) — The outlook for the U.S. job market brightened a little Thursday after the government said fewer people applied for unemployment benefits last week and surveys of private companies showed hiring increased in June.

NATIONAL POLITICS

House bill would cut food stamps, farm subsidies

WASHINGTON (AP) — The House Agriculture Committee on Thursday unveiled its approach for a long-term farm and food bill that would reduce spending by $3.5 billion a year, almost half of that coming from cuts in the federal food stamp program.

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