VOL. 35 | NO. 43 | Friday, October 28, 2011
Bailouts, debit card fees ignite movement to pull money from big banks by Nov. 5
To the growing “anger” movements – Tea Party vs. taxes and big government, Occupy Wall Street vs. corporate bailouts and economic inequality – add Bank Transfer Day, a movement triggered largely by new monthly debit card fees that might well result in hundreds of thousands of people pulling their money from the nation’s largest banks.
FRANKLIN, Ky. – The land Kentucky Downs occupies first drew Tennesseans across the border in the 19th Century when men made the journey north to settle differences with a duel – illegal in Tennessee but perfectly fine here.
LEGISLATIVE PROFILE
Credit his friends – and the inspiration of Ronald Reagan – with starting state Rep. Glen Casada on the road to public service.
GREEN BUSINESS
It’s no secret some of the industries hardest hit during the recession have been new construction, renovations and real estate. But that slowdown has opened the door for the steady growth of property companies focused on sustainability, allowing them to target a new, eco-minded clientele.
TERRY McCORMICK
In ancient lore, the use of the left hand or to be left-handed was regarded as sinister.
REALTY CHECK
The Characters: Willy Poman, Whiff, Ralphy. The scene opens with Willy, a former top-ranked fax salesman, coming home from his job as Borders Bookstore manager. His children, Whiff and Ralphy, are playing tag on the porch.
NEWSMAKERS
Lee White has joined Southeast Venture as property manager and will handle the day-to-day operations of over 400,000 square feet of office and industrial space located in Brentwood, LaVergne, Antioch, Belle Meade, MetroCenter, the Gulch and airport areas.
BUSINESS BOOK REVIEW
The writing on the package couldn’t be more succinct: One Size Fits All.
I SWEAR
Jackson, Wyo. – This charming town of 9,577 residents is the principal municipality of the area known as Jackson Hole. It’s also the seat of Teton County.
KAY'S COOKING CORNER
The cooler days and nights we have been experiencing lately have me craving big, hearty pots of soups and stews accompanied with piping hot slices of fresh-from-the-oven cornbread or cornbread sticks.
NASHVILLE AREA
NASHVILLE, Tennessee (AP) — The Nashville Predators signed Finnish goaltender Pekka Rinne to a seven-year, $49 million contract on Thursday on his 29th birthday, the largest deal in the NHL team's short history.
NASHVILLE, Tenn. (AP) - Members of Occupy Nashville delivered a letter to Gov. Bill Haslam on Thursday saying they want to collaborate with him "to achieve the best possible outcomes."
NASHVILLE, Tenn. (AP) — A Jan. 10 court date has been set to address drunken driving and gun charges against state Rep. Curry Todd. Meanwhile the Collierville Republican is apologizing to friends, family and constituents and pledging to "make a better person of myself."
NASHVILLE, Tenn. (AP) — Lawmakers trying to quash subpoenas seeking information that might reveal details about why they voted for a measure that overturned Nashville's anti-discrimination ordinance have released 2,200 documents, but plaintiffs' attorneys said Monday they aren't satisfied.
NASHVILLE (AP) — Occupy Nashville protesters are suing Gov. Bill Haslam over a new curfew on the grounds around the Capitol that has been used to dislodge their camp and arrest demonstrators.
NEW YORK (AP) — Macy's Inc. says it will open all of its namesake stores -- including its Nashville location -- at midnight following Thanksgiving for the first time, becoming the latest retailer to extend hours on the traditional kickoff to the holiday season.
LEBANON (AP) — Cracker Barrel, the chain of popular restaurants found along interstates, is unveiling the first electric vehicle fast-charging station in Tennessee as part of their plan to install two dozen charging stations at locations across the state.
STATEWIDE
NASHVILLE (AP) — An effort by the Tennessee Wildlife Resources Commission to eradicate wild hogs is stoking a controversy in the Legislature over whether the commission should be transformed or even abolished.
NATIONAL BUSINESS
WASHINGTON (AP) — MF Global Holdings Ltd., the securities firm run by former New Jersey Governor and Goldman Sachs head Jon Corzine, is seeking bankruptcy protection one week after reporting its biggest-ever quarterly loss.
PARIS (AP) — The Organization for Economic Cooperation and Development is warning of a "marked slowdown" in eurozone economies next year and says the European Union needs to clarify its anti-crisis measures.
INDIANAPOLIS (AP) — Humana Inc.'s third-quarter net income jumped 13 percent on Medicare Advantage enrollment growth, and the health insurer also raised its 2011 earnings forecast.
TOKYO (AP) — Honda's quarterly profit tumbled 56 percent, battered by the strong yen and production disruptions from the March tsunami disaster that are likely to be compounded by flooding in Thailand.
NATIONAL POLITICS
WASHINGTON (AP) — A prominent physicist and skeptic of global warming spent two years trying to find out if mainstream climate scientists were wrong. In the end, he determined they were right: Temperatures really are rising rapidly.
WASHINGTON (AP) — Republican presidential candidate Herman Cain planned to make several scheduled appearances in Washington on Monday following a report that alleges he was twice accused of sexual harassment while he was the head of the National Restaurant Association in the 1990s.
WASHINGTON (AP) — It's an outrageous tale: The federal government spends one out of every $10 in transportation aid on wasteful projects such as refurbishing a giant roadside coffee pot and constructing turtle tunnels.
WASHINGTON (AP) — Acting once again ahead of Congress, President Barack Obama is directing the Food and Drug Administration to take steps to reduce drug shortages, an escalating problem that has placed patients at risk and raised the possibility of price gouging.
FRIDAY, OCTOBER 28
NASHVILLE AREA
NASHVILLE (AP) -- Tennessee state troopers cleared out Wall Street protesters from the state Capitol grounds early Friday because they didn't have the resources to "babysit" the overnight encampment, the state's safety commissioner said.
NEW YORK (AP) - While more U.S. cities are resorting to force to break up the Wall Street protests, many others - Philadelphia, New York, Minneapolis and Portland, Ore., among them - are content to let the demonstrations go on for now.
NASHVILLE (AP) - Gov. Bill Haslam's administration is imposing a nighttime curfew on the Capitol complex in response to what it calls deteriorating safety conditions surrounding anti-Wall Street protests.
STATEWIDE
NASHVILLE (AP) - Tennesseans can suggest changes to the districts that make up the General Assembly and the state's congressional seats, but public interest has been limited.
NATIONAL BUSINESS
LOS ANGELES (AP) — Clear Channel Communications Inc. said Friday that it had dismissed some on-air and off-air staff earlier this week, in a reshaping of its regional and local programming that should enable it to seek out advertisers focused on areas wider than a single market.
WASHINGTON (AP) — Americans' incomes have stagnated for three straight months. Yet they boosted their spending in September 0.6 percent — three times the increase in August.
NEW YORK (AP) — Appliance maker Whirlpool Corp. plans to cut 5,000 jobs, about 10 percent of its workforce in North America and Europe, as it faces soft demand and higher costs for materials.
A quiet day on Wall Street ended Friday with major stock indexes little changed after a big rally the day before.
WASHINGTON (AP) — A summer of modest economic growth is helping dispel lingering fears that another recession might be near.
NEW YORK (AP) — Exxon Mobil's quarterly profit rose 41 percent because the company sold oil and natural gas at higher prices, making up for lower production.
DETROIT (AP) — Rising sales and higher prices helped push Chrysler Group LLC back into the black in the latest quarter, another sign that the once-troubled company is turning around under its new Italian management.
NATIONAL POLITICS
WASHINGTON (AP) — Remember the $16 muffin, a sign of government spending out of control? It turns out that all the criticism was half-baked.
WASHINGTON (AP) — Good news for seniors: The government says Medicare's basic monthly premium will rise less than expected next year, by $3.50 for most.
WASHINGTON (AP) — Pushing a campaign to act without Congress, President Barack Obama will announce on Friday two more executive actions on the economy, both of them small steps intended to give a boost to businesses.
WASHINGTON (AP) — The House will be in session less than one out of every three days next year, a slight decline from past years. House Republicans say they are running the place more efficiently and lawmakers need the time to be with constituents in an election year. Democrats say that's too few days on the job during an economic crisis.
NASHVILLE (AP) - Election officials in all 95 Tennessee counties will be holding town hall meetings and open forums for voters to ask questions about a new state law requiring photo identification at the polls.
WASHINGTON (AP) — House Speaker John Boehner has a message for the special bipartisan panel looking for ways to cut the deficit: Leave military spending alone.