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VOL. 42 | NO. 28 | Friday, July 13, 2018

When your job is what you love ...

Beer fans turn their passion into profits – if they have a good head for business

So many amazing and innovative things began in a garage. Grunge music. The Apple computer. Disney. Amazon. And 20 years ago, the beginnings of Nashville’s now-exploding brewery scene.

Taprooms becoming important part of beer marketing

Sean Jewett had an idea of what the East Nashville Beer Works taproom should be while he was building the business with co-founder Anthony Davis, drawing inspiration from trips to Michigan’s Bell’s Brewery, Founder’s Brewery and Dark Horse Brewery, as well as Delaware’s 262,000-barrel-a-year Dogfish Head.

Nashville Ledger takes top honors at statewide newspaper awards

The Nashville Ledger won top honors for its division Thursday night at the annual University of Tennessee/Tennessee Press Association awards in Franklin.

Belle Meade, Metro at odds concerning surveillance cameras

Law enforcement in Belle Meade will soon have another detection tool in place when the city erects 20 license plate recognition cameras at major points of entry and exit in the city.

Local Weather

Weather in Nashville, TN

EVENTS

Music at The Market. The Natchez Hills Winery at The Market features free music every Friday, Saturday and Sunday on the outdoor patio stage. This music series showcases new and rising Nashville Talent. It is located in the Nashville Farmers Market on Rosa Parks Blvd on the south side of Germantown. Their tasting room is the perfect place to go relax and have a few glasses of wine with friends while enjoying some local culinary delights. 900 Rosa L. Parks Blvd. Held each weekend until Aug. 31. Information

more events »

SAM STOCKARD: VIEW FROM THE HILL

Unpopular bill? Just rebrand it with TRUMP attached

Using what could be the political acronym of the year, two Republican state lawmakers with expertise in pain treatment are playing on the popularity of President Donald Trump to pass medical pot legislation.

RICHARD COURTNEY: REALTY CHECK

Looking for a $200K home? You’ll need to stop for gas

There were 4,036 closings in June, Greater Nashville Realtors sales information reveals, a slight increase from 3,887 closings last June. Of note is that the 3,887 closings last year left an inventory of 8,842, while this June’s closings had 11,087 homes remaining on the market, a number more than last month’s 9,511.

REAL ESTATE

Average US mortgage rates edge up; 30-year at 4.53 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates edged higher this week, marking their first increase since early June.

PREDATORS

Preds paying high price for ‘win-now’ mindset

By the time the Predators made their first selection of the 2018 NHL Entry Draft last month, 110 prospects had already been chosen by rival teams.

ELECTION 2018

Rural Tennessee fighting for its prosperity

For many Tennesseans, the pain and financial loss of the Great Recession have faded.

What statewide candidates have to say about rural Tennessee?

Like most of America, Tennessee’s metropolitan areas have prospered during the last eight years, while the rural areas have lagged in almost every measure. The state has 19 of its 95 counties classified as “distressed.” What can and should we do to give every Tennessean a chance to succeed?

NEWSMAKERS

Green & Little selects Green as vice president

Green & Little, L.P., real estate investment and development firm based in Gallatin, has named Anderson Green as vice president. Green oversees day-to-day business operations at the asset management level and will be more involved in the overall strategic direction for Green & Little. He has been with the company since 2014.

BRIEFS

Affinion Insurance Solutions set to be sold

Mill Point Capital has reached an agreement to acquire Franklin-based Affinion Insurance Solutions.

BEHIND THE WHEEL

Full-size pickups work hard to catch Ford F-150

The 2019 model year marks the start of a new cycle for some of America’s top trucks, led by redesigned pickups from Chevrolet and Ram. Ford’s top-selling F-150 had updates in 2018, and more may be in the offing for 2019. Typically, Japanese truck makers Nissan and Toyota aren’t far behind with their own updates. Edmunds breaks down what you need to know about today’s crop of full-size pickups.

BUSINESS BOOK REVIEW

How to smooth rough a transition into retirement

You’ve handed in your keys. It was a bittersweet moment, that pass-along. Cleaning out your workspace was no big deal, a last trip to the lunchroom felt like any other day. But those keys… that part really got to you. “Retirement Reinvention” by Robin Ryan will help when your next thought is, “Well, now what?”

CAREER CORNER

Start at the top as you look for a new workplace

It’s often said that employees quit bosses, not jobs. Can you relate?

TENNESSEE TITANS

2014 top offensive player RB DeMarco Murray retires

DeMarco Murray is retiring from the NFL.

MUSIC INDUSTRY

Bluegrass museum announces details of grand opening

OWENSBORO, Ky. (AP) — The Bluegrass Music Hall of Fame and Museum has announced details of its grand opening this fall.

COURTS

Moscow now accused of US election meddling, in indictment

WASHINGTON (AP) — Twelve Russian military intelligence officers hacked into the Clinton presidential campaign and Democratic Party, releasing tens of thousands of stolen and politically damaging communications, in a sweeping conspiracy by the Kremlin to meddle in the 2016 U.S. election, according to a grand jury indictment announced days before President Donald Trump's summit with Russian President Vladimir Putin.

HEALTH CARE

Dems: Novartis deal with Cohen sought access to policymakers

WASHINGTON (AP) — President Donald Trump's former personal lawyer, Michael Cohen, was in frequent contact with top officials of pharmaceutical giant Novartis as part of a $1.2 million consulting deal, and the Swiss-based company expected him to provide access to Trump administration policymakers, according to a report Friday by a group of Senate Democrats.

Tennessee insurers to cut Affordable Care Act premiums

CHATTANOOGA (AP) — Tennessee's biggest health insurers are cutting the premiums for individual plans under the Affordable Care Act's health care exchange market for the first time.

NATIONAL/INTERNATIONAL BUSINESS

Despite some wobbles, stocks end the week with more gains

NEW YORK (AP) — Stocks wrapped up another solid week Friday as industrial and energy companies ticked higher, but corporate earnings got off to a sluggish start as reports from several major U.S. banks failed to excite investors.

US expected to become world's top oil producer next year

The U.S. has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world's biggest oil producer for the first time in more than four decades.

Federal Reserve projects further gradual hikes in key rate

WASHINGTON (AP) — The Federal Reserve says it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth.

Detaining immigrant kids is now a billion-dollar industry

SAN ANTONIO (AP) — Detaining immigrant children has morphed into a surging industry in the U.S. that now reaps $1 billion annually — a tenfold increase over the past decade, an Associated Press analysis finds.

Trump DOJ appealing judge's OK of AT&T-Time Warner merger

WASHINGTON (AP) — Stung by a federal judge's dismissal of its objections to AT&T's megamerger with Time Warner, the Trump Justice Department is challenging the decision with a legal appeal.

Papa John's to pull founder from marketing

NEW YORK (AP) — Papa John's, which has featured founder John Schnatter in logos and TV ads, is pulling his image from its marketing after reports he used a racial slur.

Blockbusters in Alaska set to close; 1 store left in US

ANCHORAGE, Alaska (AP) — Alaska's last two Blockbuster video stores are calling it quits, leaving just one store open in the U.S.

Fed Chair Powell says economy in 'good place' at moment

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the economy is in a "good place" at the moment with low unemployment and inflation rising toward the Fed's optimal range. But he says rising trade tensions and higher tariffs could end up being a drag on growth.

What happened to June surplus? US budget deficit $74.9B for month

WASHINGTON (AP) — The federal government recorded a $74.9 billion deficit in June, a month when the government often runs a surplus, as corporate taxes dropped sharply compared to a year ago.

Fast-food chains agree to end 'no-poaching' policies

SEATTLE (AP) — Seven national fast-food chains have agreed to end policies that blocked workers from changing branches — limiting wages and job opportunities — under the threat of legal action from the state.

There's room for small businesses to compete with Prime Day

NEW YORK (AP) — As Amazon gears up for its Prime Day promotion, other big-name retailers like Macy's and eBay are launching deals and sales of their own. But small businesses — including those that don't sell much online — shouldn't sit on the sidelines.

China says US companies should lobby Washington over trade

BEIJING (AP) — China tried to step up pressure on Washington in their growing tariff war Thursday by suggesting U.S. companies lobby American leaders, while a Korean union warned President Donald Trump's threat of higher auto import duties could lead to job losses in Alabama.

Trade war fears a clear concern of European bank officials

FRANKFURT, Germany (AP) — Top officials at the European Central Bank expressed confidence at their last policy meeting that the eurozone economy remains "broadly on track" but expressed concern that rising trade protectionism could dampen business confidence and blunt the recovery.

UK releases long-awaited and already derided Brexit plan

LONDON (AP) — The British government released detailed plans Thursday for what it called a "principled pragmatic and ambitious" Brexit — plans that already triggered the resignation of two top ministers and split the governing Conservative Party, and which face likely resistance from the European Union.

US inflation reaches 2.9 percent in June, highest in 6 years

WASHINGTON (AP) — Consumer prices rose in June from a year earlier at the fastest pace in more than six years, lifted by more expensive gas, car insurance, and higher rent.

Image issue: Papa John's still tied to founder under fire

NEW YORK (AP) — Papa John's founder John Schnatter is no longer board chairman after using a racial slur, but his image is still part of the pizza chain's logo and he remains the company's largest shareholder.

NATIONAL POLITICS

US: Nearly half of youngest children not rejoining families

WASHINGTON (AP) — The Trump administration said Thursday all eligible small children who were separated from their families as a result of its zero-tolerance immigration policy have been reunited with their parents.

London mayor says Trump should explain attacks on him

LONDON (AP) — London Mayor Sadiq Khan has told Sky News that it is up to President Donald Trump to explain why he keeps singling out the mayor for criticism.

AP FACT CHECK: Trump falsely claims credit on NATO spending

WASHINGTON (AP) — President Donald Trump took credit for a supposed new decision by NATO members to increase military spending, though there was no evidence of that.

Watchdog says Education Dept. stonewalls student loan suit

NEW YORK (AP) — The nation's consumer watchdog agency is accusing the Education Department of impeding a lawsuit that could potentially bring financial relief to millions of student loan borrowers.

Shouting, insults as FBI agent faces angry Republicans

WASHINGTON (AP) — An embattled FBI agent whose anti-Trump text messages exposed the Justice Department to claims of institutional bias vigorously defended himself at an extraordinary congressional hearing that devolved into shouting matches, finger-pointing and veiled references to personal transgressions.

Speaker Ryan makes election year pitch for GOP tax law

WASHINGTON (AP) — House Speaker Paul Ryan is crediting the GOP's tax plan with improving the U.S. economy, an argument that's central to the Republican pitch to voters ahead of the midterm election.

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