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VOL. 37 | NO. 39 | Friday, September 27, 2013

No longer a one-horse town

Spring Hill’s fortunes used to ebb and flow with GM’s production decisions. No more.

Fifth-grade teacher Carolyn Allen and her friends attend Zumba classes in the building that once was a gymnasium for workers at the nearby General Motors Saturn Division plant. Not far away, the automaker’s former headquarters now houses a call center and an incubator for start-up businesses.

Can Spring Hill be the next CoolSprings?

When General Motors announced it would create up to 1,800 new jobs in Spring Hill, the automaker had to share the spotlight with another announcement – Carmike Cinemas is opening the city’s first movie theater.

GM draws workers from wide area

As General Motors creates 1,800 additional jobs at its factory in Spring Hill, the economic impact will be felt far beyond Maury and Williamson counties, where the city is located.

Sequester woes: Things could go from bad to worse for Midstate

Six months in, Tennesseans are dealing with sequester cuts as best they can.

Local Weather
Today
Nashville, TN
40°F
Fair
Wind: 0 mph
Humidity: 93%

EVENTS

Nashville Chamber Business After Hours. An opportunity to develop relationships, walk away with new connections and market your business to more than 200 attendees. 5:30-7:30 p.m., Casa Azafrán Community Center, 2195 Nolensville Pike (Between I-440 and the Fairgrounds), Nashville. Information: nashvillechamber.com, 743-3063.

more events »

REALTY CHECK

Putting the squeeze on unsuspecting sellers

Real estate transactions are not fair, not even close to equitable. For the most part, sellers are not forced to sell, at least not here, not now, Nashville being the “It City” and all.

REAL ESTATE

Top Midstate commercial real estate transactions for August 2013

Top August 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.

TERRY McCORMICK

Britt has 13 games to make or break his career

Have the Titans turned the page on Kenny Britt? Maybe it should be asked this way: Has Kenny Britt turned the page on the Titans?

NEWSMAKERS

Pinnacle Financial Partners names Smith to board

Pinnacle Financial Partners has elected Reese Smith III, president of Haury & Smith Contractors Inc., to its board.

BUSINESS BOOK REVIEW

Author: Affirmative action needs to stay in place

He was pretty sure the job was his.

GUERRILLA MARKETING

Top five reasons salespeople fail

Whether you’re in the for-profit or nonprofit world, you have a front-line sales team.

THE WORLDLY INVESTOR

The Fed sets Fed policy

The Fed has two primary job descriptions. First, keep prices stable. Second, promote an environment of economic growth that provides employment opportunities. Which is more important?

I SWEAR

Siri refuses to ‘Talk Dirty in Hawaiian’

My smartphone was, of course, in my pocket. Apparently, though, I’d unknowingly pressed the button that activates it. Through my judicial robe and the fabric of my trousers. The lawyer in front of me wound up his remarks. There was a longer-than-normal pause.

KAY'S COOKING CORNER

Simple marinade makes great meal

Yesterday evening, I made one of the best meals I’ve ever made. I’m not bragging, it’s just that it was delicious and I ate way too much. But I’m not the only one who thinks this.

AUTO INDUSTRY

Tesla shares fall further on Model S fire

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

NATIONAL BUSINESS

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.

Holiday shopping is expected to be up ... unless

NEW YORK (AP) — Americans, who're increasingly optimistic about improving economic conditions, are expected to spend at a more rapid clip during the upcoming holiday shopping season than they did last year.

Stocks fall on third day of government shutdown

NEW YORK (AP) — The stock market sank to its lowest level in nearly a month Thursday as a partial U.S. government shutdown dragged into a third day.

Oil falls below $104 a barrel as inventories rise

BANGKOK (AP) — Oil prices on Thursday shed some of the prior day's gains after a report showed a bump upward in U.S. crude inventories.

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.

Pills made from poop cure serious gut infections

Hold your nose and don't spit out your coffee: Doctors have found a way to put healthy people's poop into pills that can cure serious gut infections — a less yucky way to do "fecal transplants." Canadian researchers tried this on 27 patients and cured them all after strong antibiotics failed to help.

NATIONAL POLITICS

Shutdown in 3rd day with bigger trouble looming

WASHINGTON (AP) — President Barack Obama laid the blame for the government's partial shutdown at the feet of House Speaker John Boehner on Thursday, escalating a confrontation that is running the risk of a potentially damaging clash over the nation's borrowing authority.

Analysis: Republicans get opposite of stated goals

WASHINGTON (AP) — Republicans insisted they wanted to shut down the nation's 3-year-old health care overhaul, not the government. They got the opposite, and now struggle to convince the public that responsibility for partial closure of the federal establishment lies with President Barack Obama and the Democrats.

Who knew? Shutdown casualties shatter stereotypes

WASHINGTON (AP) — Taking out a mortgage. Getting married in a park. Going for a fall foliage drive. Cashing a check.


WEDNESDAY, OCTOBER 2
HEALTH CARE

ACA glitches persist as government blames high demand

CHICAGO (AP) - Computer glitches frustrated more Americans checking out their options under President Barack Obama's health care law, and administration officials said Wednesday the problems are mainly due to high consumer interest, not hidden flaws.

NASHVILLE AREA

Hank Williams Jr. to perform New Year's Eve

NASHVILLE (AP) — Hank Williams Jr. will headline Nashville's New Year's Eve festivities, which will include multiple days of live music and football.

NATIONAL BUSINESS

Stock market slips as US shutdown continues

NEW YORK (AP) — The stock market is closing slightly lower as investors weigh the possibility that political gridlock may keep the government partially closed for some time.

Oil rises on news of pipeline expansion

NEW YORK (AP) — The price of oil rose the most in two weeks Wednesday, on the prospect of more oil shipping between a key Midwest hub and the Gulf Coast.

US employers add 166K jobs in September

WASHINGTON (AP) — U.S. businesses added just 166,000 jobs in September, only slightly more than the previous two months. The lack of improvement in hiring, along with the threat of a prolonged government shutdown, could help persuade the Federal Reserve to delay scaling back its stimulus.

US businesses worry about a prolonged shutdown

NEW YORK (AP) — As the government's partial shutdown enters a second day, most companies across the country are doing business as usual. Yet concern is rising that a prolonged shutdown would cause some work at private companies to dry up and consumers to lose faith in the U.S. economy.

Re/Max surges in 1st day of trading on the NYSE

NEW YORK (AP) — Shares of Re/Max jumped in the real estate brokerage's first day on the New York Stock Exchange.

NY suing Wells Fargo in mortgage crisis settlement

ALBANY, N.Y. (AP) — The state's attorney general says he's suing Wells Fargo to force compliance with terms of last year's national mortgage case settlement.

NATIONAL POLITICS

Obama, lawmakers to hold meeting on shutdown

WASHINGTON (AP) — President Barack Obama summoned congressional leaders to the White House on Wednesday as a partial government shutdown entered a second day with little sign of a breakthrough to get hundreds of thousands of people back to work. Some on Capitol Hill ominously suggested the impasse might last for weeks, but a few Republicans seemed ready to blink.

King says Cruz conservatives want to 'hijack' GOP

WASHINGTON (AP) — Rep. Peter King is charging that tea party-backed members of the House Republican Caucus are trying to "hijack the party."

Shutdown gives Obama unlikely ally: big business

WASHINGTON (AP) — Business leaders are taking sides with Democratic President Barack Obama after failing to persuade their traditional Republican allies in Congress to avert a government shutdown.

Stop being so stupid, voters tweet to Congress

WASHINGTON (AP) — The roiling debate over the U.S. government shutdown is extending to Twitter, Facebook and Instagram as fed-up Americans turn to social media to register their disgust with federal lawmakers for shutting down the government.


TUESDAY, OCTOBER 1
STATEWIDE

Smokies among parks closed due to federal shutdown

NASHVILLE (AP) - The Great Smoky Mountains National Park, the nation's most visited, is among the more than 400 parks across the country that were closed Tuesday as a result of the federal government's partial shutdown.

HEALTH CARE

GOP states offer little help on buying insurance

ATLANTA (AP) - On the day consumers start perusing newly launched federal online health exchanges, Republican governors who oppose President Barack Obama's insurance overhaul are mostly sitting on their hands. But the law is going into effect without them.

Obama hails 'historic' launch of health exchanges

WASHINGTON (AP) — Hailing it as an "historic day," President Barack Obama pressed forward his flagship health care program Tuesday, inaugurating new insurance exchanges to expand access for those without coverage despite the shutdown taking hold across much of the government.

Health insurance exchange goes live in Tennessee

NASHVILLE (AP) - Tennesseans on Tuesday began signing up for health insurance under an online marketplace run by the federal government.

Judge denies bid to halt Tennessee's insurance exchange rules

NASHVILLE (AP) — A judge won't block emergency rules covering people who dispense advice on the new health insurance exchange in Tennessee that launches Tuesday.

MUSIC INDUSTRY

Bank sues singer Montgomery over failed restaurant

DANVILLE, Ky. (AP) — Country music star Eddie Montgomery's steak house may have once been something to be proud of, but now the closed establishment is something causing him legal problems.

AUTO INDUSTRY

Calendar stalls September auto sales; Nissan down 6 pct.

DETROIT (AP) — Sales fell at General Motors, Toyota and Volkswagen in September, an odd month that appears likely to snap a 27-month streak of gains for the U.S. auto industry.

BMW recalls 176,000 vehicles over power brake

FRANKFURT, Germany (AP) — German carmaker BMW is recalling 176,000 vehicles over a problem with the power brake system.

NATIONAL BUSINESS

US manufacturing expands at best pace in 2½ years

WASHINGTON (AP) — US factory activity expanded last month at the fastest pace in 2½ years, an encouraging sign that manufacturing could lift economic growth and hiring in the coming months.

US home prices rise 12.4 pct. from year ago

WASHINGTON (AP) — U.S. home prices climbed 12.4 percent in August from a year ago, fueled by more buyers bidding on a limited supply of houses.

Markets rise even as US government shutdown starts

NEW YORK (AP) — Investors stayed calm on the first day of a partial shutdown of the U.S. government Tuesday and sent the stock market modestly higher.

Oil falls to near $102 amid US government shutdown

NEW YORK (AP) — The price of oil slipped to near $102 a barrel Tuesday after parts of the U.S. government were ordered to shut down because of a budget impasse in Washington.

Amazon to hire 70,000 seasonal workers

SEATTLE (AP) — Amazon.com says it is hiring 70,000 full-time seasonal workers around the U.S. to fill orders during the holiday season.

Strap on your computer, wearable tech taking off

SAN FRANCISCO (AP) — The digital domain is creeping off our desktops and onto our bodies, from music players that match your tunes to your heart beat, to mood sweaters that change color depending on your emotional state — blue for calm, red for angry. There are vacuum shoes that clean the floor while you walk and fitness bracelets, anklets and necklaces to track your calorie burning.

Walgreen fiscal 4Q profit soars 86 percent

Walgreen says its fiscal fourth-quarter earnings soared 86 percent, as the nation's largest drugstore chain booked gains from inventory accounting and its acquisition of a stake in European health and beauty retailer Alliance Boots.

NATIONAL POLITICS

Obama hits GOP 'ideological crusade' in shutdown

WASHINGTON (AP) — Congress hung "Closed" signs on a big swath of the government Tuesday and sent home 800,000 workers in what President Barack Obama labeled an "ideological crusade" by GOP lawmakers determined to gut his health care law. On Capitol Hill, House Republicans answered with a bid to restart a few favored slices of government, including national parks, while still demanding concessions on health care.

Differences between House, Senate funding bills

WASHINGTON (AP) — A comparison of rival House and Senate bills to fund the government:

Federal workers get shutdown instructions

WASHINGTON (AP) — Federal workers will still have to report to work for about four hours Tuesday even though the government is shutting down.


MONDAY, SEPTEMBER 30
HEALTH CARE

Gov. Haslam: Exchange rule not meant as 'stumbling block'

NASHVILLE (AP) - Republican Gov. Bill Haslam said Monday that emergency rules covering people dispensing advice about the new health insurance exchange are not designed to hinder enrollment.

Gov Haslam: Medicaid talks don't hinge on exchange

ASHLAND CITY (AP) - Republican Gov. Bill Haslam says he sees no link between the state's approach toward the new health insurance exchange and his ongoing efforts to negotiate a special deal for Tennessee for Medicaid expansion.

As health exchanges begin, some state programs end

NASHVILLE (AP) - As the Affordable Care Act's health exchanges come online, some of Tennessee's state-sponsored insurance programs are shutting down or limiting enrollment.

NATIONAL BUSINESS

Stocks end lower as US nears shutdown

NEW YORK (AP) — Stocks are closing lower as Wall Street braces for a government shutdown.

Oil falls on looming US government shutdown

NEW YORK (AP) — The price of oil fell Monday as a partial shutdown of the U.S. government loomed over the markets.

Global study: World not ready for aging population

The world is aging so fast that most countries are not prepared to support their swelling numbers of elderly people, according to a global study going out Tuesday by the United Nations and an elder rights group.

Shutdown impact: Homebuyers, tourists hit quickly

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

IKEA starts selling solar panels for homes

STOCKHOLM (AP) — Swedish flat-pack furniture giant IKEA will start selling residential solar panels at its stores in Britain, the first step in its plan to bring renewable energy to the mainstream market worldwide.

NATIONAL POLITICS

GOP unity frays as midnight shutdown approaches

WASHINGTON (AP) — Republican unity showed unmistakable signs of fraying Monday as the Senate swatted aside the latest tea party-driven demand to delay the nation's health care overhaul in exchange for averting a partial government shutdown at midnight.

Closed for business? Government shutdown history

WASHINGTON (AP) — OK, gridlocked politicians we're used to. But why padlock the Statue of Liberty?


FRIDAY, SEPTEMBER 27
MUSIC INDUSTRY

On the bill again: Nelson back on festival lineup

NASHVILLE (AP) - An improving Willie Nelson will make his festival date this Saturday in Nashville after all, and he's bringing a friend.

STATE LEGISLATURE

Supermarket wine bill could be revived in House

NASHVILLE (AP) - The Tennessee House chairman who cast a deciding vote against a bill seeking to allow supermarket wine sales in the state said Thursday that he's willing to reconsider the measure next session.

NASHVILLE AREA

Titans asking fans to donate sports gear Sunday

NASHVILLE (AP) — The Tennessee Titans are asking fans coming to the Jets' game to bring any extra sports equipment with them Sunday. Not to play but to donate.

Nashville group takes aim at chronic homelessness

NASHVILLE (AP) - After years of talking about ending homelessness, a Nashville-area commission is now starting to do more about it.

MIDSTATE

Thune to headline Rutherford County GOP event

NASHVILLE (AP) — John Thune, the third-ranking Republican in the U.S. Senate, is scheduled to be the featured speaker at a Rutherford County Republican Party event in November.

Lebanon named as a Main Street Community

NASHVILLE (AP) — State business officials say the city of Lebanon is Tennessee's newest Main Street community.

AUTO INDUSTRY

7 cars get top rating in high-tech safety test

NEW YORK (AP) — Seven midsize vehicles earned the top rating in a new insurance industry test of high-tech safety features designed to prevent front-end collisions.

Ohio plant making new Cherokee brings workers back

TOLEDO, Ohio (AP) — Chrysler is bringing back about 500 idled workers faster than expected after temporary layoffs from a northwest Ohio plant that produces the new Jeep Cherokee.

Toyota exec: Pent-up demand for new cars will end

NEW YORK (AP) — Toyota's top North American executive says the pent-up demand that's been driving sales of new cars will likely dry up in 2014.

Japan car parts makers in price-fixing plea

WASHINGTON (AP) — Nine Japanese auto parts manufacturers and two of their executives will plead guilty and pay $740 million in criminal fines for conspiring to fix the prices of more than 30 products sold to many of the world's largest automakers operating in the U.S., the Justice Department announced Thursday.

HEALTH CARE

Obama mocks GOP for 'crazy' Obamacare predictions

LARGO, Maryland (AP) — With just five days to go before Americans can begin signing up for health care under his signature law, President Barack Obama on Thursday ridiculed Republican opponents for "crazy" doomsday predictions of the impact and forecast that even those who didn't vote for him are going to enroll.

Health law online sign-up delayed for small firms

WASHINGTON (AP) — Days before the debut of new online insurance markets, a couple of last-minute technical glitches with President Barack Obama's health care law are making supporters anxious and giving opponents a new line of attack.

NATIONAL BUSINESS

Exxon to offer benefits to same-sex couples in US

NEW YORK (AP) — Exxon Mobil Corp. said Friday that it will begin offering benefits to legally married same-sex couples in the U.S. for the first time starting next week.

US consumers boost spending 0.3 percent in August

WASHINGTON (AP) — U.S. consumers increased their spending slightly last month as their income grew at the fastest pace in six months. The figures point to only modest economic growth in the July-September quarter.

Stocks fall on government shutdown worries

The budget fight may be happening in Washington, but it's investors on Wall Street who keep getting smacked.

Oil slips, ends week down nearly 2 percent

NEW YORK (AP) — Oil fell slightly Friday, and finished the week with a decline of nearly 2 percent.

FHA to draw $1.7b from Treasury to cover losses

WASHINGTON (AP) — A federal housing agency said Friday it needs a $1.7 billion bailout from the Treasury to cover projected losses in its reverse mortgage programs which allow seniors to borrow against their homes for everyday living expenses.

BlackBerry posts loss, steep revenue drop for 2Q

TORONTO (AP) — BlackBerry said Friday that it is committed to completing a series of major changes quickly after posting a nearly billion-dollar loss and a 45 percent drop in revenue for the second quarter.

Signs emerge that US job market may be picking up

WASHINGTON (AP) — The job market is sending signs that it may be strengthening.

McDonald's to offer salad, fruit as side

NEW YORK (AP) — Want a side salad with that Big Mac?

JC Penney looking to raise $810.6M from offering

PLANO, Texas (AP) — J.C. Penney, the struggling retailer that is trying to reassure the market about its financial stability, expects to raise about $810.6 million via a public stock offering.

NYC accountant arrested in Madoff fraud

NEW YORK (AP) — A senior partner at a Manhattan accounting firm was arrested Thursday on charges he participated in and helped direct false bookkeeping during Bernard Madoff's historic fraud.

Attorney General meets with JPMorgan chief

WASHINGTON (AP) — JPMorgan chief executive Jamie Dimon met Thursday with Attorney General Eric Holder about an investigation into the company's handling of mortgage-backed securities in the run-up to the recession.

NATIONAL POLITICS

Shutdown looming: Weekend showdown at the Capitol

WASHINGTON (AP) — Time running short, the Democratic-controlled Senate passed urgent legislation Friday to avert a government shutdown early next week, and President Barack Obama lectured House Republicans to stop "appeasing the tea party" and quickly follow suit.

Obama's no-negotiation stance setting new tone

WASHINGTON (AP) — This time, President Barack Obama says, he's not budging. This is the confrontational Obama, the "Make my day" president, betting Republicans blink to avoid a government shutdown or a first-ever default of the nation's debts.

McCain: Partisanship in DC is worst he has seen

WASHINGTON (AP) — Staring at the specter of a partial government shutdown, Sen. John McCain says he's never seen anything like the harsh partisanship pervading much of Washington politics.

Preparing for shutdown, government plans furloughs

WASHINGTON (AP) — More than a third of federal workers would be told to stay home if the government shuts down, forcing the closure of national parks from California to Maine and all the Smithsonian museums in the nation's capital. Workers at the State Department's Bureau of Consular Affairs wouldn't be around to process visa and passport applications, complicating the travel plans of hundreds of thousands.

FAA to weigh easing limits on electronic devices

WASHINGTON (AP) — With the blessing of an influential advisory panel, federal regulators are closer to letting airline passengers use their smartphones, tablets, e-readers and other electronic gadgets during takeoffs and landings.

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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