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VOL. 35 | NO. 41 | Friday, October 14, 2011

From boardroom to classroom

Taking a different call, Middle Tennesseans leave the business world to teach

Summers off; job security; short work days… they’re just a few of the “mythical perks” of the teaching profession. In reality however, teachers work long hours (both in and out of the classroom), give up their weekends, and get paid very little for their efforts.

Are you ready to answer the ‘call’ to teach

Have you thought about a career change? Do you feel the “call” to teach?

College grads discover it pays to stay in school

When Kelly Cornelius landed her first real job in marketing almost three years ago, she considered herself fortunate to find a steady corporate gig so soon out of college.

Home schools an increasingly popular option

As senior lecturer and director of undergraduate education, teaching and learning at Vanderbilt University, Catherine McTamaney has devoted her career to education. As of this fall, she also has devoted her home to education.

Local Weather
Nashville, TN
Wind: from the South at 16.1 gusting to 27.6 mph
Humidity: 79%


Halloween Moonlight Festival. Symmetry hosts a Friday evening of free workshops, local vendors and metaphysical services with a theme of “Phantasms and the Supernatural.” This free event is 7-11 p.m. at 212 Louise Avenue and is open to the public. Information: 321-4040, centerofsymmetry.com.

more events »

Chamber, TEA share goals but not paths

Talk to anyone at the Nashville Area Chamber of Commerce, and they’ll tell you education is their No.1 priority. They then back that up by touting volunteer programs, internships and more.


East Nashville leads 3rd quarter sales growth

Home sales in the Nashville region increased dramatically over the summer, bringing hope that consumers are gaining confidence in the economy and that the housing market may be recovering from the recession.


Price reductions grab home buyers’ attention

The Greater Nashville Association of Realtors released its September sales numbers along with the results of the third quarter. For the month, unit sales are up 16.9% with1832 closings this year versus 1,567 closings reported for the same period last year.


Surprises, big and small, as Titans reach bye week

As the Tennessee Titans go their separate ways for the bye week, let’s examine what we’ve learned about them thus far in this 2011 season.


Corizon chooses new chief HRO

Corizon, the nation’s leader in correctional health care solutions, has announced the hiring of Dennis Wade as Senior Vice President, Chief Human Resources Officer (CHRO). He joins Brentwood-based Corizon after serving as vice president and CHRO with Baptist Health Care in Pensacola, Fla. In this role he had corporate-wide accountability for all human resources functions and activities including strategic planning, talent and performance management, recruitment, executive and incentive compensation, employee labor relations, information systems, benefits, organizational development and training.


Sure-fire sales killers and how to avoid them

Today’s business climate is tough on those in the sales profession. Good prospects are few and far between, and putting your best foot forward in each sales pitch is crucial to your survival. This reality inspired me to share the most common missteps I see salespeople making so you can be sure to avoid them.


Becoming a team player is vital to career success

A major fundamental component of a successful career is knowing how to work well with a team. Often during job interviews a hiring manager may ask you about your experience working with others on a project and may even ask you to provide a detailed example.


State receives $16.2M in highway safety grants

NASHVILLE (AP) - Tennessee is getting more than $16 million to support highway safety.

Report criticizes former revenue commissioner

NASHVILLE (AP) - A report by the state's comptroller says former Tennessee Revenue Commissioner Reagan Farr approved millions of dollars in tax reductions for businesses without proper documentation or justification.

First widespread freeze of fall likely Friday

NASHVILLE (AP) - The first widespread freeze of autumn is expected in low-lying areas of Middle Tennessee

Jack Daniel distillery targeted for more taxes

NASHVILLE (AP) - Tennessee's Jack Daniel distillery, celebrated for years in folksy advertising, is being targeted to pay more taxes - with a tab of up to $5 million.


Rate on 30-year fixed mortgage falls to 4.11 pct.

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage was nearly unchanged this week after rising sharply last week.

Sales of previously occupied homes fell in Sept.

WASHINGTON (AP) — The number of Americans who bought previously occupied homes fell in September. Home sales are on pace to match last year's dismal figures — the worst in 13 years.

Leading indicators rise modest amount in September

WASHINGTON (AP) — A gauge of future economic activity edged up in September, signaling modest economic growth in coming months.

Markets skeptical over euro debt crisis response

LONDON (AP) — Seesawing expectations of this weekend's summit of European leaders remained the main driver in markets on Thursday, with investors growing skeptical again about governments' ability to agree on a strategy to deal with the debt crisis.

AT&T sees 3Q slowdown in iPhone activations

NEW YORK (AP) — AT&T Inc. on Thursday reported a decline in the number of iPhones activated in its latest quarter, as buyers waited for the new model.

Southwest posts 3Q loss on fuel hedges

DALLAS (AP) — Southwest Airlines reported a third-quarter of $140 million because its fuel-hedging bets turned sour when the price of oil dropped over the summer.

AutoNation net income up 24 percent

FORT LAUDERDALE, Fla. (AP) — AutoNation Inc., the nation's largest auto dealership chain, said Thursday that its third-quarter profit rose 24 percent on higher new and used vehicle prices.


AP-GfK Poll: Public unsettled on Obama challenger

WASHINGTON (AP) — Americans have yet to find a Republican they'd clearly prefer over President Barack Obama, although half say the president does not deserve re-election.

Gadhafi, Libya's leader for 42 years, killed

SIRTE, Libya (AP) — Moammar Gadhafi, who ruled Libya with a dictatorial grip for 42 years until he was ousted by rebels in a bloody civil war, was killed Thursday when revolutionary forces overwhelmed his hometown, Sirte, the last major bastion of resistance two months after the regime fell.


Hume-Fogg among 6 Tennessee schools winning national recognition

NASHVILLE (AP) — Six schools in Tennessee have been chosen as 2011 No Child Left Behind-Blue Ribbon Schools.


Democrats file measure to repeal voter ID law

NASHVILLE (AP) — Two Democratic leaders say they've filed legislation to repeal a new law requiring photo identification to vote in Tennessee.

Officials look for security threats in Tenn.

NASHVILLE (AP) — State and federal officials have inspected trucks and buses across the state, looking for security threats.

State meth awareness campaign begins Wednesday

NASHVILLE (AP) — Gov. Bill Haslam and others will begin a statewide methamphetamine awareness campaign Wednesday.

Attorneys agree no new trial on TVA liability

KNOXVILLE (AP) — Attorneys for property owners seeking damages from the Tennessee Valley Authority's coal ash spill have agreed to call off a second trial on TVA's liability that was set Nov. 1.


Citigroup paying $285M to settle SEC fraud charges

WASHINGTON (AP) — Citigroup has agreed to pay $285 million to settle civil fraud charges that it misled buyers of complex mortgage investments just the housing market was starting to collapse.

Home building jumps 15 percent in September

WASHINGTON (AP) — Homes were built in September at the fastest pace in 17 months, a hopeful sign for the economy.

Ford workers approve new contract, 63 pct in favor

DETROIT (AP) — Union workers at Ford Motor Co. overcame early opposition to a new four-year contract with the company and overwhelmingly approved the deal in voting that lasted two weeks.

Consumers paid more for food, gas in September

WASHINGTON (AP) — Consumers paid more for food and gas last month, although inflation outside those volatile categories was tame.

Morgan Stanley 3Q earns $2.2B, beating estimates

NEW YORK (AP) — Morgan Stanley says it earned $2.2 billion in the third quarter, largely on accounting gains and increased investment banking revenue.

Abbott Labs plans to split into 2 companies

NORTH CHICAGO, Ill. (AP) — Drug and medical device maker Abbott Laboratories says it will spin off its branded drug business and become two separate medical companies.

Oil hovers above $88 after US crude supplies drop

SINGAPORE (AP) — Oil prices hovered above $88 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly fell last week, suggesting demand could be improving.


Education makes a political comeback in Washington

WASHINGTON (AP) — After years on the political back burner, education is making a comeback in Washington, driven in large part by Democrats.

Obama, first lady to tout jobs plan for veterans

HAMPTON, Va. (AP) — President Barack Obama is employing the services of the first lady on the final leg of his three-day bus tour as they tout proposals in the president's jobs bill that the White House says would put more of the nation's unemployed veterans back to work.

Analysis: GOP contenders turn fire on each other

WASHINGTON (AP) — The Republican presidential candidates tore into each other as never before in their latest debate, mindful that voting starts within 11 weeks and many GOP voters remain up for grabs.

FACT CHECK: Misfires on taxes and more in debate

WASHINGTON (AP) — Herman Cain's 9-9-9 tax plan ignited plenty of sparks in the Republican presidential debate Tuesday night, as did testy exchanges between Mitt Romney and Rick Perry. In those instances and more, the facts took a bit of a beating.

Study: Cain tax plan raises taxes on 84 percent

WASHINGTON (AP) — Herman Cain's 9-9-9 tax plan would raise taxes on 84 percent of U.S. households, according to an independent analysis released Tuesday, contradicting claims by the Republican presidential candidate that most Americans would see a tax cut.


Belmont faculty letter decries detainee torture

NASHVILLE (AP) - A group of 45 Belmont University faculty members has published a letter in the student newspaper opposing the torture of detainees, shortly after former U.S. Attorney General Alberto Gonzales was hired as a distinguished chair and professor in the College of Law.

Vanderbilt University plans charging station

NASHVILLE (AP) — Vanderbilt University in Nashville is joining an effort to build an integrated solar-assisted electric vehicle charging station on campus.


Tenn. lawmakers' quarterly expenses up 8 percent

NASHVILLE (AP) - Lawmakers' out-of-session expenses increased 8 percent in the third quarter despite the elimination of legislative oversight committees, an Associated Press review has found.

Okla. Senate Democratic leader relocating to Nashville

OKLAHOMA CITY (AP) - State Sen. Andrew Rice, the Democratic leader of the state Senate and a one-time candidate for U.S. Senate, announced Tuesday that he plans to resign from office and move to Tennessee.

After DUI, gun arrest, Todd resigns committee post

FRANKLIN (AP) — State Rep. Curry Todd, a lead proponent of a new state law allowing permit holders to carry handguns in bars and restaurants that serve alcohol, resigned a key House committee chairmanship Monday days after his arrest on drunken driving and gun charges.

Some 325 Oak Ridge layoffs possible by year's end

OAK RIDGE (AP) — Some 325 Oak Ridge workers involved in the joint USEC Inc./Babcock & Wilcox American Centrifuge Project have been notified they may be laid off by December.


Stocks jump on reports of progress in Europe

NEW YORK (AP) — Stocks jumped in late afternoon trading on reports that France and Germany have agreed to boost a rescue fund as part of an effort to stem the European debt crisis.

US homebuilders less pessimistic in October

WASHINGTON (AP) — U.S. homebuilders are less pessimistic about the struggling housing market, but not enough to signal a recovery any time soon.

Goldman Sachs loses $428 million in third quarter

NEW YORK (AP) — Goldman Sachs Group Inc. is reporting a loss of $428 million in the third quarter as its revenue from underwriting stocks and bonds plunged.

Bank of America earns $6.2B on accounting gains

NEW YORK (AP) — Bank of America says it earned $6.2 billion in the third quarter, largely from accounting gains and the sale of a stake in a Chinese bank.

UnitedHealth's 3Q profit slips less than 1 percent

INDIANAPOLIS (AP) — UnitedHealth Group Inc.'s third-quarter net income edged slightly lower because medical costs rose, but the health insurer's revenue and enrollment grew and it increased its 2011 earnings forecast.

Oil prices rise on economic news

NEW YORK (AP) — Oil prices climbed Tuesday on expectations of a slower, but still growing, global economy.

Harley-Davidson 3Q profits more than double

MILWAUKEE (AP) — Harley-Davidson's third-quarter profit more than doubled, led by higher sales of motorcycles in the U.S.


Obama blames plot to kill Saudi diplomat on Iran

WASHINGTON (AP) — President Barack Obama said Thursday that the U.S. will make sure that Iranian officials are held accountable for "reckless behavior" in what he said was their direct role in an alleged assassination plot against the Saudi Arabian ambassador in the United States.

Social Security to hand out first raises since '09

WASHINGTON (AP) — Social Security recipients will get a raise in January — their first increase in benefits since 2009. Experts project the increase will be about 3.5 percent, and on Wednesday, about 55 million beneficiaries will find out for sure.

Iowa GOP schedules Jan. 3 presidential caucuses

WASHINGTON (AP) — Iowa Republicans are holding their state's presidential nominating caucuses on Jan. 3, even though New Hampshire is threatening to move its traditional first-in-the-nation primary into December.

Senate passes pipeline bill after hold dropped

WASHINGTON (AP) — A bill to toughen federal safety regulation of oil and gas pipelines passed the Senate late Monday only a few hours after a Republican senator opposed to government regulation dropped his opposition to the measure.


Perry names Ramsey, Curb to Tenn. leadership team

NASHVILLE (AP) - Republican presidential candidate Rick Perry's Tennessee leadership team includes music industry executive Mike Curb, state Senate Speaker Ron Ramsey and fundraiser Stephen B. Smith.

Haslam: Rep. Todd apologizes for 'bad mistake'

FRANKLIN (AP) - Gov. Bill Haslam said Monday that Rep. Curry Todd has acknowledged and apologized for a "bad mistake" in being arrested on drunken driving and gun charges last week.

Goodlettsville doctor's license revoked

NASHVILLE (AP) — Tennessee officials have revoked the medical license of a Goodlettsville physician.

Gun advocates not dissuaded by Todd's arrest

NASHVILLE (AP) - Some state lawmakers say they will continue to pursue less regulation on guns despite a colleague's arrest last week on alcohol and gun charges.

Applications accepted for energy efficiency grants

NASHVILLE (AP) — The state will be taking applications for a third round of Energy Efficiency and Conservation Block grants to communities across the state to improve efficiency.

SentryNet moving operations to Memphis

GREENVILLE, Miss. (AP) — SentryNet Inc., a business founded in Greenville in 1987, will move its operations to Memphis by December 2012.


Factory output rises on truck, airplane demand

WASHINGTON (AP) — Factory output rose for a third straight month in September, a sign the U.S. economy is growing slowly. Manufacturers made more airplanes, trucks and home electronics to meet rising demand.

Citigroup earnings rise 74 percent, to $3.8 billion

NEW YORK (AP) — Citigroup's earnings rose 74 percent in the third quarter, to $3.8 billion, on an accounting gain and lower losses from loans.

Wells Fargo 3Q profit up 21 percent, revenue slips

NEW YORK (AP) — Wells Fargo & Co. on Monday said that its third-quarter profit jumped 21 percent, as write offs of bad loans dropped while deposits grew.

Lowe's to close 20 stores, none in Tennessee

MOORESVILLE, N.C. (AP) — Home-improvement retailer Lowe's Cos. says it will close 20 underperforming stores in 15 states and cut 1,950 jobs in a move that it says will allow it to focus on more profitable locations.

Halliburton boosts 3Q profits by 26 pct

NEW YORK (AP) — Halliburton reported a 26 percent jump in the third-quarter net income Monday as drilling projects in North American continue to boost revenue.

Oil above $88 amid improving US economic signs

SINGAPORE (AP) — Oil prices rose above $88 a barrel Monday in Asia, extending a two-week rally as improved U.S. retail sales added to hopes that the world's biggest economy will avoid a recession this year.

Majority of Ford workers supporting new contract

DETROIT (AP) — Workers at some of Ford Motor Co.'s largest local unions have approved a new labor contract with the company, making it likely that the four-year deal will be approved when voting finishes on Tuesday.


Obama seeks action on jobs bill pieces this week

WASHINGTON (AP) — President Barack Obama will urge Congress to get to work this week on passing pieces of his larger, now-defunct jobs bill during a three-day bus tour through North Carolina and Virginia, two southern states that could be critical to his re-election campaign.

Occupy protesters eye diversity as movement grows

ATLANTA (AP) — Jason Woody immediately recognized a shared struggle with many of the Occupy Wall Street demonstrators: The 2007 college graduate has been out of work for two years, and it's been longer since he's seen a doctor. He also noticed something else — the lack of brown faces on the front lines of the Occupy movement.

Campaign China-bashing obscures real problems

WASHINGTON (AP) — It's open season on China in the Republican race for the presidential nomination, and Mitt Romney is leading the charge. Newt Gingrich and some other candidates are on his heels, painting China as the bogeyman responsible for America's economic ills.


Sons of Tenn. politicians cash in on known name

NASHVILLE (AP) - The youthful son of a well-known Tennessee politician declares for public office and runs headlong into criticism about his inexperience and effort to ride the coattails of his famous father.

Todd resigns as chairman of House firearms panel

NASHVILLE (AP) — State Rep. Curry Todd's arrest on drunken driving and gun charges led to repercussions Thursday with the Collierville lawmaker resigning his chairmanship of a House firearms task force and the Senate's top Republican saying there should be no leniency for him in court.

Representative hopes to turn back state law

NASHVILLE (AP) — A state representative from Nashville hopes to overturn a state statute that nullified the city's ordinance extending a ban on gay discrimination to contractors who did city work.

Tenn. bond sale set new record at $546 million

NASHVILLE (AP) - The state of Tennessee sold $546 million worth of bonds this week, making it the largest sale in the state's history.

State eases restrictions on hay hauling

NASHVILLE (AP) — Gov. Bill Haslam has signed an executive order easing restrictions on hay haulers to help farmers without access to hay for livestock.

Local clerks to help issue photo driver's licenses

NASHVILLE (AP) — State officials say 30 county clerks across Tennessee have agreed to issue photo driver's licenses at no charge to registered voters who do not have them.


Vanguard names Bredesen to board

NASHVILLE (AP) - Hospital operator Vanguard Health Systems Inc. said Thursday former Tennessee Gov. Philip N. Bredesen has joined its board of directors.


US retail sales data give stocks a further boost

FRANKFURT, Germany (AP) — Stocks pushed higher Friday as better than expected U.S. retail sales data and positive corporate news overshadowed fears from Europe's debt crisis.

Retail sales rose strongly in September led by autos

WASHINGTON (AP) — U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy.

Business inventories and sales rose in August

WASHINGTON (AP) — U.S. businesses added to their stockpiles for a 20th consecutive month in August while sales rose for a third straight month. The increase suggests businesses were confident enough in the economy to keep stocking their shelves.

Gap closing 189 locations representing 21% of US stores

NEW YORK (AP) — Gap Inc. plans to close stores in the U.S., while expanding in China.

Google going 'gangbusters' as 3Q wows investors

SAN FRANCISCO (AP) — Mounting worries about another global recession haven't shaken Google.

Barbie drives 6 pct rise in Mattel net income

EL SEGUNDO, Calif. (AP) — Toy maker Mattel Inc. said Friday that strong sales worldwide of its iconic Barbie brand and "Cars 2" toys helped third-quarter net income rise nearly 6 percent.

Hedge founder gets 11 years in insider trade probe

NEW YORK (AP) — A former billionaire described by the government as "the modern face of illegal insider trading" was sentenced Thursday to 11 years in prison, the longest insider trading sentence ever but far short of the two decades sought by prosecutors.

BlackBerry maker says service fully restored

NEW YORK (AP) — BlackBerry services buzzed back to life across the world Thursday, after a three-day outage that interrupted email messages and Internet services for millions of customers.

Oil prices rise near $87 as recession fears ease

NEW YORK (AP) — Oil prices are climbing to near $87 per barrel on encouraging economic news in the U.S. and China.

JPMorgan's income drop casts a pall over banks

NEW YORK (AP) — If JPMorgan Chase can't do well, investors worry that other banks may do even worse.


Republican Obama appointee says GOP lawmakers are do-nothings

WASHINGTON (AP) — The most prominent Republican in the Obama administration is accusing GOP House members of blocking efforts to resolve the nation's problems, partly because they don't want the president to be successful.

GOP isn't sold on Romney, seeking other options

WASHINGTON (AP) — If polls show one thing with certainty, it's that Republicans aren't sold on Mitt Romney and they've been looking for other presidential candidates.

Boehner, Obama talk jobs as Senate GOP offers plan

WASHINGTON (AP) — House Speaker John Boehner and President Barack Obama talked about jobs legislation in a 10-minute phone call Thursday, the Ohio Republican's office said.

Lawmakers seek probe on banks' new debit card fees

WASHINGTON (AP) — Democratic lawmakers are asking the Justice Department to investigate whether Bank of America and other major banks improperly worked together to charge customers new monthly fees for using their debit cards.

Panetta: Cutting too deep would devastate military

WASHINGTON (AP) — Defense leaders and members of Congress drew a line in the sand Thursday, saying the Pentagon must be spared from any budget cuts beyond an initial plan to slash at least $450 billion over the next 10 years.

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