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VOL. 41 | NO. 2 | Friday, January 13, 2017

Another day older and deeper in debt

Rising rents, fewer side jobs dim dreams of young, struggling artists

Celebrity chef, global wanderer and TV personality Anthony Bourdain’s recent proclamation that Nashville’s music scene is the “best in the world” could well have pushed a few more musicians to pursue their dreams in Music City.

Artists being pushed out by gentrification is a familiar tune

Local music industry producers and engineers have a front-row seat to the efforts of up-and-coming musicians and songwriters arriving in Nashville, as well as established talent.

Comparing two artistic markets: Nashville, Austin

A two-bedroom Nashville apartment rents for an average of $1,400 a month, according to the December 2016 National Apartment List Rent Report.

SAM STOCKARD: VIEW FROM THE HILL

Online tax lawsuit could bring unintended consequences

Cumberland Transit owner Allen Doty isn’t sure if a rule requiring major out-of-state retailers to collect Tennessee sales taxes will create more equity for his shop.

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EVENTS

Nashville Originals’ Restaurant Week. A biannual event sponsored by Nashville Originals features special prices and menus Jan. 16-22 and across the meal times. Participating restaurants include Capitol Grille, Fleet Street Pub, Flyte World Dining and Wine, The Listening Room Cafe, Martin’s Bar-B-Que Joint, Peg Leg Porker, Provence Breads & Cafe, Puckett’s Gro. & Restaurant, Salsa, Sole Mio and Watermark. Information: http://nashvilleoriginals.com/nashville-restaurant-week/

more events »

TIM GHIANNI: STREET LEVEL

Channel 2 weatherman says goodbye Nashville, viva Las Vegas

Justin Brousse really isn’t pushing his luck by insisting he takes Justin Bruce along with him to his new job in Las Vegas. They’re inseparable.

RICHARD COURTNEY: REALTY CHECK

A lot to be said for location when weighing a renovation

When is a lot not worth a lot? With apologies to the late Professor Brinley Rhys, the brilliant intellect who shared his vast knowledge with his students at Sewanee and a man who abhorred the use of “a lot” when it referred to many or much, I shall proceed.

REAL ESTATE

$1 million-plus Middle Tennessee residential transactions for 2016

Residential real estate sales of $1 million or more for for Davidson (308 total), Williamson (241), Rutherford (4), Wilson (5) and Sumner (3) counties in 2016, as compiled by Chandler Reports.

Middle Tennessee real estate trends for 2016

2016 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Middle Tennessee real estate trends for December 2016

December 2016 real estate trends for Davidson, Williamson, Rutherford and Wilson counties, as compiled by Chandler Reports.

Average US 30-year mortgage rate falls to 4.12 percent

WASHINGTON (AP) — Long-term US mortgage rates fell this week, the second week of declines after snapping a nine-week run of increases.

TERRY McCORMICK: TENNESSEE TITANS

Former GM Reese: Titans on track to match early success

Are the Tennessee Titans on the verge of a breakthrough? It seemed as much over the second half of the 2016 season – the meltdown at Jacksonville notwithstanding.

Divisional playoff predictions

We managed to go 3-1 in last week’s predictions with the Oakland Raiders – desperate at quarterback by having to start rookie Connor Cook – falling to the Houston Texans, who coaxed a decent game out of Brock Osweiler.

DAVID CLIMER: OUT OF LEFT FIELD

Robinson’s success warrants any title he wants

In the immediate aftermath of the Tennessee Titans’ turnaround season, Jon Robinson’s title was expanded to executive vice president and general manager.

BEHIND THE WHEEL

Ford Fusion Energi is more fuel-efficient, cheaper for ’17

Ford managed to make its plug-in Fusion Energi gasoline-electric hybrid more fuel efficient for 2017, even while lowering the base price.

GUERRILLA MARKETING

Get a better return on investment from sales efforts

It’s a common practice in business to set up a booth at the same trade show every year out of habit as part of your sales promotion strategy.

CAREER CORNER

Make new friends, open career doors

The theme of this column sounds a little strange at first glance. But if you’ve ever tried to make friends as an adult, you know this is a big deal.

NASHVILLE AREA

Channel 5's Williams told to release documents in libel case

NASHVILLE (AP) - A Nashville television reporter has been ordered to hand over documents from his investigation of a district attorney.

MIDSTATE

Feds change regulations aimed at stopping horse soring

NASHVILLE (AP) — Federal officials have made regulation changes aimed at stopping the practice of soring among Tennessee Walking Horses and similar breeds.

NATIONAL/INTERNATIONAL BUSINESS

Global shares mostly lower amid worries over Brexit, Italy

TOKYO (AP) — Global shares were mostly lower Monday amid worries about Britain's exit from the European Union and a downgrade of Italy's credit rating. Takata's shares fell in Tokyo after the air bag maker agreed to a guilty plea in the U.S. over massive recalls.

Stark inequality: Oxfam says 8 men as rich as half the world

DAVOS, Switzerland (AP) — The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday.

Who are the 8 richest people? All men, mostly Americans

LONDON (AP) — The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Most are American, with one European and one Mexican in the mix. Several have pledged to give it all to charity.

The Latest: Davos organizers urge shift in economic policy

DAVOS, Switzerland (AP) — The World Economic Forum, which organizes the annual gathering of the global political and business elites in the Swiss ski resort of Davos, says the focus on economic growth, which has guided policymaking for decades, is no longer fit for purpose.

IMF boosts growth forecast for US, cites Trump impact

WASHINGTON (AP) — The International Monetary Fund is raising its forecast for the U.S. economy this year and in 2018, reflecting an expected boost from the economic policies of President-elect Donald Trump.

Trump: Brexit 'a great thing,' EU to continue to break apart

NEW YORK (AP) — Wading into foreign affairs days before his inauguration, President-elect Donald Trump said Britain's decision to leave the European Union would "end up being a great thing" and predicted the bloc would continue to break apart.


FRIDAY, JANUARY 13
STATE LEGISLATURE

20 lawmakers question Haslam's privatization plan for UT

NASHVILLE (AP) — A group of 20 state lawmakers has sent a letter to University of Tennessee President Joe DiPietro questioning Republican Gov. Bill Haslam's plan to privatize maintenance work on the campuses of the public college system.

Newly elected Tennessee Senate speaker names top staffer

NASHVILLE (AP) — Newly elected state Senate Speaker Randy McNally announced Friday that he will replace his predecessor's chief of staff with a longtime aide.

Tennessee lawmaker: No food stamps for ice cream, sodas

NASHVILLE (AP) - A Tennessee lawmaker has introduced legislation seeking to ban the use of food stamps to buy items without nutritional value.

Tennessee lawmakers face Feb. 9 deadline to file bills

NASHVILLE (AP) — Tennessee lawmakers have until Feb. 9 to file legislation they want to have considered during this year's legislative session.

Harwell challenger Matlock replaced as transportation chair

NASHVILLE (AP) - The state lawmaker who tried to unseat Republican Beth Harwell as speaker of the House has been removed from his position as chairman of the Transportation Committee.

MIDSTATE

Interim replacement appointed for jailed sheriff

MURFREESBORO (AP) - Rutherford County officials have appointed an interim sheriff while the county's sheriff remains in jail on charges that he profited from the sale of e-cigarettes to inmates.

MUSIC INDUSTRY

Loretta Lynn, Shania Twain, Jason Aldean get museum exhibits

NASHVILLE (AP) - The Country Music Hall of Fame and Museum will feature exhibits on Faith Hill and Tim McGraw, Jason Aldean, Loretta Lynn and Shania Twain in 2017.

Willie Nelson wants Loretta Lynn to try pot again

NASHVILLE (AP) - Willie Nelson wants his friend Loretta Lynn, who recently revealed that she tried marijuana for the first time at the age of 84 for her glaucoma but didn't like it, to give pot a second chance.

Country singer Tanya Tucker hospitalized after a fall

NASHVILLE (AP) - Tanya Tucker is postponing tour dates after fracturing a vertebrae and injuring a rib during a fall while on tour.

AUTO INDUSTRY

Takata pleads guilty, to pay $1B for hiding air bag defect

DETROIT (AP) — Takata Corp. has agreed to plead guilty to a single criminal charge and will pay $1 billion in fines and restitution for concealing a deadly defect in its air bag inflators.

US gov't accuses Fiat Chrysler of cheating on emissions

WASHINGTON (AP) — The U.S. government accused Fiat Chrysler on Thursday of failing to disclose software in some of its pickups and SUVs with diesel engines that allows them to emit more pollution than allowed under the Clean Air Act.

HEALTH CARE

In early GOP win on health care repeal, Congress OKs budget

WASHINGTON (AP) — Ascendant Republicans drove a budget through Congress on Friday that gives them an early but critical victory in their crusade to scrap President Barack Obama's health care overhaul.

CVS generic competitor to EpiPen, sold at a 6th the price

CVS is now selling a rival, generic version of Mylan's EpiPen at about a sixth of its price, just months after the maker of the life-saving allergy treatment was eviscerated before Congress because of its soaring cost to consumers.

TECHNOLOGY

Nintendo debuts hotly anticipated Nintendo Switch console

TOKYO (AP) — Nintendo is trying to Switch it up. The Japanese video-game company revealed details Friday about its hotly anticipated Nintendo Switch, a video game console that also serves as a hand-held gaming device, during a global rollout on Friday.

NATIONAL/INTERNATIONAL BUSINESS

US stock indexes end mostly higher on solid bank earnings

Banks led U.S. stock indexes mostly higher Friday, propelling the Nasdaq composite index to its fourth record high this week.

Holiday sales report shows boost in 2016

NEW YORK (AP) — A stronger economy helped boost holiday sales both in stores and online this season, but department stores continued to struggle as habits shift.

More pay, greater confidence lifts US retail sales 0.6 pct.

WASHINGTON (AP) — Americans stepped up their auto buying and online shopping in December, reflecting a boost in confidence after the election and a solid increase in pay.

Millennials are falling behind their boomer parents

SOUTH MILWAUKEE, Wisconsin (AP) — Baby Boomers: your millennial children are worse off than you.

Trump praises L.L. Bean heiress for donation; boycott urged

AUGUSTA, Maine (AP) — President-elect Donald Trump is urging people to buy L.L. Bean as the company faces calls for a boycott because of a family member's donations to his candidacy.

Transcripts show Fed divided in 2011 over bond purchases

WASHINGTON (AP) — Newly released transcripts show Federal Reserve officials were sharply divided in 2011 over whether the central bank should launch a new program aimed at pushing long-term interest rates lower to spur economic growth.

Bank of America tops 4Q profit forecasts

Bank of America's fourth-quarter profit jumped 47 percent from a year ago as the nation's largest consumer bank benefited from higher interest rates and lower expenses.

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