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VOL. 37 | NO. 40 | Friday, October 04, 2013

An attempt to legalize hemp farming in Tennessee is getting pushback, despite its economic potential

In Tennessee, the idea of hemp is hot. For at least a couple of legislators and an equal number of grassroots advocates in the state, hemp could be the second coming of corn in terms of its potential as a crop with a diversity of uses.

Hemp’s potential impact on Tennessee's farm economy tough to estimate

Since industrial hemp has been illegal to grow in the United States for the past several decades, it’s hard to quantify its potential economic impact.

Investing only in companies that agree with your politics isn't easy

When it comes to voicing your opinion with your wallet, it’s easy to simply choose between stores you shop and stores you drop.

Big concerts only a memory for MTSU's Murphy Center

The King came, sang and conquered. So did The Boss. The Thunder rolled, there was some rollin’ on the river and, at some point, Jeremy spoke in class there.

Politically safe lawmakers see no shutdown urgency

WASHINGTON (AP) — The government shutdown could last for many days or even weeks because politically safe lawmakers in both parties feel little pressure to compromise.

Local Weather
Today
Nashville, TN
27°F
Fair
Wind: 5 mph
Humidity: 70%

EVENTS

Business Matchmaking: Increase Sales and Decrease Sales Cycle. Nashville Area Chamber of Commerce introduces Business Matchmaking, an intuitive cloud-based software that helps pair qualified, growing companies with ready-to-purchase buyers. Powered by technology from Sagents Partners LLC, this new offering helps growing businesses in Middle Tennessee connect with procurement offices in Fortune 1000 companies. Goodwill Industries of Middle TN, Inc., 937 Herman Street, Nashville. Today, 3-5 p.m. Information: nashvillechamber.com, 743-3063.

more events »

Obama, Dems mock GOP lawmaker's budget remark

WASHINGTON (AP) — Indiana GOP Rep. Marlin Stutzman said he wanted respect in the budget standoff. Instead, he got ridicule from President Barack Obama and Senate Democrats.

REAL ESTATE

Middle Tennessee home sales up 22% for 3rd qtr.; Prices up 9%

Home buyers moving to the Nashville region from other states are turning the real estate market on its head, buying expensive new homes in urban neighborhoods that once were overlooked and creating fast-growing suburbs around the city.

REALTY CHECK

‘Trickle-up economics’ boon for real estate buyers, sellers

The late Ronald Reagan delivered some of the best one-liners, sometimes two-liners, of any modern-day president.

TERRY McCORMICK

Titans' best seasons featured emergency QB changes

Jake Locker’s sprained hip certainly puts a damper on the encouraging developments he’s shown the past two weeks.

NEWSMAKERS

J. Alexander’s promotes Hagler to AVP, controller

J. Alexander’s LLC, operator of J. Alexander’s restaurants and Stoney River Legendary Steak restaurants, has promoted Jessica Hagler to assistant vice president and controller.

GUERRILLA MARKETING

More reasons for salesforce failures

Sales is a tough profession, an art that can take years of practice to master.

THE WORLDLY INVESTOR

A dose of fiscal truth: Important, not urgent

I recently received an email from a client asking how in the world the U.S. would overcome its bulging debt pile. There are three parts to this answer.

SMART STUFF 4 WORK

The structural tension sales strategy

I first ran across the term structural tension in a book called “The Path of Least Resistance” by Robert Fritz. Structural tension has to do with the kind of tension that naturally moves things toward some sort of resolution.

I SWEAR

Age of instant communication has 3-day lag time

Bummer! I drove in from Tulsa a while ago. No big deal that my teammates and I suffered an ignominious defeat on the golf course this morning.

KAY'S COOKING CORNER

Whoopie! Odd food names demystified

This past Saturday afternoon, we went to lunch with several family members. As you can guess, we had a lot of fun. There was plenty of joking and laughing during the few hours we spent together.

NASHVILLE AREA

Nashville Library chosen for oral history project

NASHVILLE (AP) — The Nashville Public Library is one of 10 around the country selected to pilot a new oral history project featuring immigrants.

AUTO INDUSTRY

Auto recalls on hold during govt shutdown

WASHINGTON (AP) — Lives and property are at greater risk because auto recalls and investigations of safety defects have been put on hold during the partial government shutdown, safety advocates said.

HEALTH CARE

Poll: Health exchange rollout gets poor reviews

WASHINGTON (AP) — The government's new health insurance marketplaces are drawing lots of rotten tomatoes in early reviews, but people are at least checking them out.

NATIONAL BUSINESS

Lew urges quick increase in US borrowing limit

WASHINGTON (AP) — Treasury Secretary Jacob Lew on Thursday urged Congress to raise the government's borrowing limit before Oct. 17, warning that a Republican idea to prioritize payments with cash on hand could cause "irrevocable damage" to the U.S. economy.

Retailers report modest Sept. sales gains

NEW YORK (AP) — Several retailers are reporting modest sales gains for September as shoppers, worried about the partial government shutdown and overall economy pulled back from the prior month.

US jobless claims jump to 374,000 due to backlog

WASHINGTON (AP) — The number of people applying for U.S. unemployment benefits jumped by 66,000 last week to a seasonally adjusted 374,000. But the spike was largely because California processed a huge backlog of claims and the partial government shutdown prompted some companies to cut jobs.

Average US 30-year mortgage rate at 4.23 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages were little changed this week, staying near their lowest levels in three months.

Fewer US homes entered foreclosure track in 3Q

LOS ANGELES (AP) — The number of U.S. homes set on the path to foreclosure slid to a seven-year low in the third quarter, reflecting a gradually improving housing market and fewer homeowners falling behind on mortgage payments.

Data show China passing US as biggest oil importer

BEIJING (AP) — China has achieved another world-beating status its leaders don't want: Biggest oil importer.

Stocks soar on hopes for deal to avoid US default

NEW YORK (AP) — The stock market broke out of a three-week funk Thursday as Washington moved closer to a deal to avert a U.S. government default.

Oil above $102 on US budget hopes, Libyan incident

Oil prices edged above $101 a barrel on Thursday on hopes that U.S. political leaders will find a deal to raise the debt ceiling and after the temporary abduction of the Libyan prime minister reminded investors of threats to crude supplies.

NATIONAL POLITICS

Boehner offers debt extension; WH says likely OK

WASHINGTON (AP) — Facing a fresh deadline, House Speaker John Boehner said Thursday that Republicans would vote to extend the government's ability to borrow money for six weeks — but only if President Barack Obama first agrees to fresh negotiations on spending cuts. Under the Republican plan, the partial government shutdown would continue in the meantime.

As shutdown drags on, time to call in mediator?

WASHINGTON (AP) — Maybe it's time to call in a mediator — if there's one not on furlough.

Obama to seek opening with GOP leaders on shutdown

WASHINGTON (AP) — President Barack Obama is hosting top House Republicans to seek an opening in an impasse that has shuttered much of the government and threatens a catastrophic federal default.


WEDNESDAY, OCTOBER 9
STATE LEGISLATURE

State Rep. Charles Curtiss not seeking re-election

NASHVILLE (AP) - State Rep. Charles Curtiss says he will not seek re-election. The 66-year-old Sparta Democrat didn't give a specific reason for his decision but said Wednesday he wanted to give candidates considering running for his District 43 seat plenty of time to plan.

STATEWIDE

Panel rejects complaint against Haslam

NASHVILLE (AP) - The Tennessee Registry of Election Finance on Wednesday dismissed a complaint from an ex-Democratic Party official who said Gov. Bill Haslam should have disclosed how much he paid an outside adviser.

COURTS

Tennessee Supreme Court upholds death penalty on 3-2 ruling

NASHVILLE (AP) — The state Supreme Court has upheld a death sentence for a Memphis-area man in a 3-2 decision.

AUTO INDUSTRY

BMW sales rise 6.7 percent on Asian, US demand

FRANKFURT, Germany (AP) — German luxury automaker BMW says sales rose 6.7 percent in September thanks to stronger demand in the United States and Asia.

NATIONAL BUSINESS

Study: Temperatures go off the charts around 2047

WASHINGTON (AP) — Starting in about a decade, Kingston, Jamaica, will probably be off-the-charts hot — permanently. Other places will soon follow. Singapore in 2028. Mexico City in 2031. Cairo in 2036. Phoenix and Honolulu in 2043.

IMF: US debt default would shake global economy

WASHINGTON (AP) — A U.S. debt default in the event that a politically divided Congress fails to raise the federal borrowing limit would imperil the entire global economic recovery, a senior International Monetary Fund official warned Wednesday.

Yellen is Obama choice to succeed Bernanke at Fed

WASHINGTON (AP) — Capping a lengthy and politically charged search, President Barack Obama will nominate Janet Yellen, the Federal Reserve's vice chair, to be chairman of the nation's powerful central bank, succeeding Ben Bernanke at a pivotal time for the economy and the Fed's monetary policies.

Fed now unlikely to slow bond buying before 2014

WASHINGTON (AP) — The Federal Reserve's decision last month to maintain the size of its economic stimulus was a shocker. Just about everyone expected a pullback in its bond purchases, which have helped keep loan rates low.

Stocks make small gains on signs of compromise

NEW YORK (AP) — Stocks are closing mostly higher on early signs of progress on ending a budget stalemate in Washington.

Oil falls toward $103 as IMF cuts growth forecast

BANGKOK (AP) — The price of oil fell Wednesday, a day after the International Monetary Fund lowered its forecast for global growth through the end of next year.

Shutdown means no new beer from craft brewers

MILWAUKEE (AP) — The federal government shutdown could leave America's craft brewers with a serious hangover.

Twitter, Comcast sign TV partnershipTwitter, Comcast sign TV partnership

NEW YORK (AP) — Twitter and Comcast have signed a TV partnership that will let viewers access television shows and buy movie tickets directly from a tweet.

Men's Wearhouse rejects bid from Jos. A. Bank

NEW YORK (AP) — Jos. A. Bank proposed to acquire rival Men's Wearhouse in a $2.3 billion deal that could potentially create a suit and tuxedo juggernaut with close to 2,000 stores.

NATIONAL POLITICS

Obama plans to talk to GOP again on shutdown, debt

WASHINGTON (AP) — President Barack Obama is inviting Republican lawmakers to the White House as pressure builds on both sides to resolve their deadlock over the federal debt limit and the partial government shutdown.

Poll: GOP gets the blame in shutdown

WASHINGTON (AP) — Americans are holding Republicans primarily responsible for the partial government shutdown as public esteem sinks for all players in the impasse, President Barack Obama among them, according to a new poll. It's a struggle with no heroes.

VA chief: Shutdown could hit millions of vets

WASHINGTON (AP) — About 3.8 million veterans will not receive disability compensation next month if the partial government shutdown continues into late October, Veterans Affairs Secretary Eric Shinseki told lawmakers Wednesday. Some 315,000 veterans and 202,000 surviving spouses and dependents will see pension payments stopped.

Budget clash intensifies amid hints of short truce

WASHINGTON (AP) — President Barack Obama and House Speaker John Boehner are increasing the pressure on each other to bend in their deadlock over the federal debt limit and the partial government shutdown. Even as they do, there are hints they might consider a brief truce.


TUESDAY, OCTOBER 8
STATEWIDE

Tennessee Republicans at odds over shutdown blame

NASHVILLE (AP) - Gov. Bill Haslam and fellow Republicans in the Tennessee General Assembly appear to be at odds about who will be blamed for the shutdown of the federal government.

HEALTH CARE

Insurers, others say 'Obamacare' glitches fixable

WASHINGTON (AP) — The federal government's biggest foray into online commerce has left millions of tech-savvy Americans thoroughly bewildered.

COURTS

Campaign contribution caps at issue at high court

WASHINGTON (AP) — The Supreme Court is tackling a challenge to limits on contributions by the biggest individual donors to political campaigns.

NATIONAL BUSINESS

Stocks slide as investors wait on Washington

NEW YORK (AP) — The stock market's slow bleed got a little worse Tuesday.

Oil rises on hopes of avoiding debt default

NEW YORK (AP) — Oil traders appeared more confident than stock traders Tuesday that the U.S. can avoid defaulting on its debt.

Gov't: Most heating bills to rise this winter

The government expects most households to pay more for heat this winter, although heating oil users will see their bills drop slightly.

Asia-Pacific leaders on track to sign trade deal

BALI, Indonesia (AP) — The U.S. and 11 other nations negotiating an Asia-Pacific free trade pact said Tuesday they are on track to agree a comprehensive deal before the year's end.

Google unveils $279 Chrome laptop made by HP

NEW YORK (AP) — Google is introducing a $279 laptop that runs its Internet-centric Chrome operating system, borrowing many of the high-end features found in models that cost $1,000 or more.

EU Parliament bans menthol, targets e-cigarettes

BRUSSELS (AP) — European lawmakers have approved sweeping new regulations to curb smoking, including limits on electronic cigarettes, bigger warnings on cigarette packs and a ban on menthol.

NATIONAL POLITICS

Obama says talks OK after default threat averted

WASHINGTON (AP) — After weeks of gridlock, House Republicans floated broad hints Tuesday they might be willing to pass short-term legislation re-opening the government and averting a default in exchange for immediate talks with the Obama administration on reducing deficits and changing the three-year-old health care law.


MONDAY, OCTOBER 7
MUSIC INDUSTRY

Swift, Aldean among CMA Awards performers

NASHVILLE (AP) - Taylor Swift, Jason Aldean and most of the major nominees have signed on to perform at the Country Music Association Awards next month.

MIDSTATE

MTSU offers new education doctoral program

MURFREESBORO (AP) - Middle Tennessee State University is offering a new education doctorate that is the first of its kind in the state.

COURTS

Supreme Court term begins amid government shutdown

WASHINGTON (AP) — The Supreme Court is opening for business in the midst of a partial government shutdown.

NATIONAL BUSINESS

Stocks fall as government shutdown drags on

NEW YORK (AP) — Investors sent the Standard & Poor's 500 index to its lowest close in a month Monday as few signs emerged of a deal to end the U.S. government shutdown and raise the nation's borrowing limit.

Oil falls to $103 as US debt deadline nears

The price of oil fell to $103 a barrel Monday as a partial U.S. government shutdown entered a second week and crude production in the Gulf of Mexico got back on track after a storm system passed through.

Americans cut back on credit cards for 3rd month

WASHINGTON (AP) — Americans cut back on using their credit cards in August for a third straight month, a sign that consumers remain cautious about spending.

New $100 bills start circulating Tuesday

WASHINGTON (AP) — The new $100 bill, with an array of high-tech features designed to thwart counterfeiters, will get its coming out party on Tuesday, partial government shutdown or not.

Families hoarding cash 5 years after crisis

NEW YORK (AP) — They speak different languages, live in countries rich and poor, face horrible job markets and healthy ones. When it comes to money, though, they act as one: They're holding tight to their cash, driven more by a fear of losing what they have than a desire to add to it.

Twitter tunes in to TV partnerships ahead of IPO

NEW YORK (AP) — People don't just watch TV anymore; they talk about it on Twitter. From the comfort of couches, they share reactions to touchdowns and nail-biting season finales — and advertisers and networks are taking note.

NATIONAL POLITICS

White House open to short-term hike in debt limit

WASHINGTON (AP) — Senate Democrats intend to introduce legislation by mid-week to raise the nation's debt limit without the type of unrelated conditions Republicans have said they intend to seek, officials said Monday, as the White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default.

Boehner to Obama: No debt hike without concessions

WASHINGTON (AP) — The United States moved closer to the possibility of the first-ever default on the government's debt Sunday as Speaker John Boehner adamantly ruled out a House vote on a straightforward bill to boost the borrowing authority without concessions from President Barack Obama.

How the impasses in Washington might play out

WASHINGTON (AP) — Key lawmakers and aides on Capitol Hill say they don't know how the battles over funding the government and increasing the nation's debt limit might be resolved. In interviews, they lay out several possibilities, all of which face huge political impediments:

No. 2 House Democrat: GOP lawmakers running scared

WASHINGTON (AP) — The No. 2 House Democrat says a key factor extending the government shutdown is fear among moderate Republicans about a tea party challenge.

Shutdown impact: Tourists, homebuyers hit quickly

WASHINGTON (AP) — A government shutdown is having far-reaching consequences for some, but minimal impact on others.


FRIDAY, OCTOBER 4
NASHVILLE AREA

Titans collecting baby items for charity

NASHVILLE (AP) - The Tennessee Titans are collecting baby items for charity. The annual baby shower drive takes place at LP Field beginning at 10 a.m. Sunday before the Titans take on the Kansas City Chiefs.

Barge accident halts Cumberland River traffic

NASHVILLE (AP) — Authorities say river traffic on the Cumberland River has been shut down after a barge struck a power line that fell into the water.

CCA decides to leave Idaho

BOISE, Idaho (AP) — Private prison giant Corrections Corp. of America will leave Idaho after more than a decade marked by scandal and lawsuits surrounding its operation of the state's largest prison.

STATEWIDE

Haslam pledges to increase Tennessee teacher salaries

NASHVILLE (AP) - Tennessee Gov. Bill Haslam pledged Thursday to improve the salaries of the state's teachers amid criticism of his education commissioner who has proposed changes that include tying teacher licenses to student test data.

STATE LEGISLATURE

Watson to retire from Legislature, run for sheriff

NASHVILLE (AP) - State Rep. Eric Watson, the chairman of the House Criminal Justice Committee, says he won't seek re-election to the Legislature next year and will instead run for sheriff of Bradley County.

AUTO INDUSTRY

Daimler's Mercedes has record sales month

FRANKFURT, Germany (AP) — Daimler AG's luxury brand Mercedes-Benz sold a record number of cars in September.

Tesla shares fall further on Model S fire

Shares of Tesla Motors fell another 5 percent Thursday as investors in the high-flying company assessed the fallout from a fire in one of its $70,000 electric cars.

NATIONAL BUSINESS

Lockheed Martin to furlough 3K workers due to government shutdown

BETHESDA, Md. (AP) — Lockheed Martin says it will furlough 3,000 employees on Monday due to the government shutdown.

Stock market is on track for another losing week

NEW YORK (AP) — Stocks are inching higher in early trading, but the market is still on track for a second losing week in a row.

Oil rises toward $104 on Gulf of Mexico storm

The price of crude rose to near $104 a barrel Friday as offshore oil rigs in the Gulf of Mexico braced for Tropical Storm Karen. Investors were also keeping a close watch on developments in Washington D.C. as the partial shutdown of the U.S. government entered a fourth day.

Twitter unseals IPO papers, hopes to raise $1B

NEW YORK (AP) — Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year's most eagerly awaited stock market debuts.

Growth at US service firms slows from 8-year high

WASHINGTON (AP) — Growth at U.S. service companies slowed in September from an eight-year high in August, as sales fell sharply, new orders dipped and hiring weakened.

Weekly US jobless aid applications tick up to 308K

WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose just 1,000 last week to a seasonally adjusted 308,000, hovering near six-year lows. Companies are still cutting very few jobs, however the decline in layoffs has not been accompanied by a pickup in hiring.

Average US 30-year mortgage rate down to 4.22 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell for the third straight week to their lowest point in three months, as a decline in consumer confidence and the onset of the government shutdown forced rates down.

NATIONAL POLITICS

Pelosi: Republicans can't even talk to themselves

WASHINGTON (AP) — House Democratic Leader Nancy Pelosi says no progress has been made toward ending the government shutdown because "it's very hard to negotiate with the Republicans when they can't negotiate with themselves."

Democrats say it's time for GOP to unite, end shutdown

WASHINGTON (AP) — President Barack Obama decided to stay home from economic summits in Asia as Democrats stepped up pressure Friday on congressional Republicans to rein in their tea party faction and reopen the government with no strings attached.

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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