It's a bird, it's a plane ...

Not to beat the superhero thing to death, but there will be something flying through the Nashville skyline Sunday. The sign for The Pinnacle, SoBro's 29-story, 417-foot skyscraper, will be airlifted into place Sunday morning. Guidelines from the Federal Aviation Administration will force brief evacuations from portions of a handful of downtown buildings during the operation, which is scheduled for 7:30 to 9 a.m. There will be limited street access in the area as well.
Nov 16, 2009 2:51 PM

Dr. Doom sees 11% unemployment for two years

Nouriel Roubini says the U.S.' high jobless rate isn't dropping anytime soon and risks causing a double-dip recession.
Other measures tell the same ugly story: The average length of unemployment is at an all time high; the ratio of job applicants to vacancies is 6 to 1; initial claims are down but continued claims are very high and now millions of unemployed are resorting to the exceptional extended unemployment benefits programs and are staying in them longer.
Nov 16, 2009 12:38 PM

'Boro developer planning Chattanooga apartments

The arrival of Volkswagen and Wacker Chemie in the Chattanooga area has Tim Keach optimistic about the city's growth path. His TDK Construction will build a 199-unit luxury apartment complex there worth about $16 million.
Nov 16, 2009 11:19 AM

Medical trade center site 'kind of finalized'

David Osborn, who's helping Crow Holdings and Market Center Management Co. develop their plans for a Nashville medical trade center, tells Milt Capps the location and basic design of the massive facility is a month away.
Nov 16, 2009 7:51 AM

The housing market question with no easy answer

Barry Ritholtz asks it:
If stabilization comes only through government subsidies and artificially propped up home prices, is it truly stabilization?
You could ask similar questions of the auto industry and a few other sectors of today's economy. The folks who months ago said we ought to bite the bullet in housing and banking in order to more quickly begin an authentic recovery — albeit from a slightly deeper hole — are looking wiser with every passing day.
Nov 16, 2009 7:26 AM

Sobering thoughts on lower pay

Gerald O'Driscoll points out that the lower wages being handed to many people returning to the work force are the "real-world consequences of bad macroeconomic policy."
[M]uch accumulated savings have been lost due to capital misallocation. In order to be competitive in the global economy, the U.S. must become a country of lower wages. And we are witnessing that painful adjustment in real time.
Nov 13, 2009 1:10 PM

Permit Patrol: 13 November 2009

Bankruptcy court gets an upgrade, retail renovations on Lower Broad and near the Roundabout, and more...
Nov 13, 2009 10:14 AM

Bubble watching

Economists surveyed by the Journal think there's a better-than-one-in-three chance we'll be dealing with the consequences of another asset bubble within two years.
Nov 13, 2009 9:41 AM

The future is here

Hemlock Semiconductor has officially started construction of a $1.2 billion solar panel manufacturing plant in Montgomery County. We couldn't find any renderings, but here are some dandy stats to mix into your weekend conversations.
Total construction time for the entire project is estimated to be nearly three years. The site will contain over 150,000 cubic yards of concrete, 20,000 tons of structural steel, and more than one million feet of piping, which equates to 1.3 miles of piping installed per week.
Nov 13, 2009 8:04 AM

Balfour Beatty bases new division here

Holding company's energy efficiency play led by former Actus exec, military advisor
Nov 12, 2009 2:24 PM