VOL. 47 | NO. 4 | Friday, January 27, 2023
Egg shortage improving but still taking toll on restaurants, households
Faberge eggs, they’re not. But those Grade A Large oval-shaped jewels you buy at the grocery store – if you can find them on area shelves – are pretty darn expensive.
The 2020-present COVID-19 pandemic has hit the restaurant industry pretty hard, forcing many businesses to shut down temporarily and others to go bust due to supply chain issues and labor shortages. But customers have returned and seem hungrier than ever.
The nation’s egg shortage could continue for another year, even though prices have slightly declined from record highs in recent weeks.
JOE ROGERS: MY TAKE
The challenge is on: Can Franklin come up with a crowdsourced name to compete with – or dare we think it, surpass – the reigning champion in such endeavors, Boaty McBoatface?
RICHARD COURTNEY: REALTY CHECK
There are ample arguments on both sides for those arguing the condition of the Middle Tennessee real estate market.
REAL ESTATE
Top Davidson County commercial real estate sales for 2022, as compiled by the Nashville Ledger.
Top Davidson County commercial real estate sales for December 2022, as compiled by the Nashville Ledger.
TENNESSEE TITANS
That’s the often-repeated message as new GM, Vrabel get to work
One of the narratives that might have been a bit overlooked in the hiring of Ran Carthon as the new Tennessee Titans general manager is the power that head coach Mike Vrabel will hold in the Titans hierarchy.
Besides his pledge to be a collaborator with Mike Vrabel in building the Tennessee Titans roster, one of the main things that apparently appealed to Amy Adams Strunk and the ownership group in the hiring of Ran Carthon was his and the San Francisco 49ers’ ability to find late-round gems for their roster that go beyond just someone who can cover a punt.
The Divisional Round of the NFL Playoffs certainly brought some interesting results, most notably in the AFC where who knew that the Jacksonville Jaguars would put up a better fight in Kansas City than the Buffalo Bills did at home in losing to the Cincinnati Bengals. Either way, it serves for an exciting matchup and avoids the possibility of a neutral site conference title game.
NEWSMAKERS
McGlinchey has added entertainment attorney Hillel Frankel, who focuses on music transactions, film licensing and distribution, and intellectual property, as of counsel.
BRIEFS
Gov. Bill Lee kicked off his second term, promising to focus over the next four years on improving aging transportation systems, advocating for better conservation efforts and protecting the state’s most vulnerable children.
BEHIND THE WHEEL
Every year Edmunds’ experts put their heads together to determine the best new vehicles on sale. Spread across six categories, the annual Edmunds Top Rated Awards are given to the cars, trucks and SUVs that rank at the top of their class according to Edmunds’ vehicle testing program.
PERSONAL FINANCE
In investing terms, a “glide path” describes how a mix of investments changes over time. Typically, the mix gets more conservative – with fewer stocks and more bonds, for example – as the investor approaches a goal such as retirement.
MILLENNIAL MONEY
Save more, spend less and pay off debt are popular New Year’s resolutions – and perhaps the ones most likely to fall by the wayside a few weeks into the year when reality sets in and expenses derail plans.
STATEWIDE
Five fired Memphis police officers were charged Thursday with second-degree murder and other crimes in the arrest and death of Tyre Nichols, a Black motorist who died three days after a confrontation with the officers during a traffic stop.
Two of the people most responsible for overseeing Tennessee's lethal injection drugs "incorrectly testified" under oath that they were testing the chemicals for bacterial contamination, the state attorney general's office conceded in a court filing.
CLASSIFIED DOCUMENTS
WASHINGTON (AP) — The National Archives has asked former U.S. presidents and vice presidents to recheck their personal records for any classified documents following the news that President Joe Biden and former Vice President Mike Pence had such documents in their possession, two people familiar with the matter said Thursday.
WASHINGTON (AP) — On a winter's day in 1984, a briefcase stuffed with classified government documents showed up in a building in Pittsburgh, borne by someone who most certainly wasn't supposed to have them.
U.S. ECONOMY
WASHINGTON (AP) — The second consecutive quarter of economic growth that the government reported Thursday underscored that the nation isn't in a recession despite high inflation and the Federal Reserve's fastest pace of interest rate hikes in four decades.
WASHINGTON (AP) — The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
EMPLOYMENT
WASHINGTON (AP) — Fewer Americans filed for unemployment benefits last week as the labor market remains tight, even as the Federal Reserve has tried to cool the economy and inflation by raising interest rates.
TRAVEL
DALLAS (AP) — The U.S. Transportation Department said Wednesday it is investigating whether Southwest Airlines deceived customers by knowingly scheduling more flights in late December than it realistically could handle.
FORT WORTH, Texas (AP) — American Airlines gave more proof Thursday of the recovery in air travel, posting a better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month.
MARKETS
NEW YORK (AP) — Stocks are ticking higher on Wall Street Thursday following reports suggesting the economy and corporate profits may be doing better than feared.
SCIENCE
CAPE CANAVERAL, Fla. (AP) — An asteroid the size of a delivery truck will whip past Earth on Thursday night, one of the closest such encounters ever recorded.
TECHNOLOGY
WASHINGTON (AP) — The FBI has seized the website of a prolific ransomware gang that has heavily targeted hospitals and other health care providers.
AUTO INDUSTRY
DETROIT (AP) — A federal grand jury in Los Angeles is gathering evidence in a criminal investigation of Goodyear recreational vehicle tires that the government blames for crashes that killed eight people and injured dozens of others.