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VOL. 45 | NO. 20 | Friday, May 14, 2021

Market rises to meet aging Boomers

Memory care offers services for various stages of need

Julia “Pudge” High was the life of the party. She was voted “wittiest” before her graduation from Coffee High School in Florence, Alabama, in 1959.

JOE ROGERS: MY TAKE

The good, the bad and the ugly of 2020 legislative session

Legislators have again decamped, signaling halftime of the 112th General Assembly, so it’s time to assess the damage they did before leaving. And, sure, the good.

RICHARD COURTNEY: REALTY CHECK

Record April sales obliterate April 2020’s record sales

Buyers and Realtors alike are lamenting the paucity of real estate inventory in the area. With enormous demand and many homes receiving more than 30 offers – many for hundreds of thousands of dollars more than over list price – April sales numbers are staggering.

Local Weather
Currently
Nashville, TN
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Fair
Wind: North at 3.5 mph
Humidity: 46%

EVENTS

C4N NASHVILLE. Residents from across the metropolitan area will be gathering virtually for a one-day training and networking event in which participants can gain knowledge, learn skills and connect with people who care about their neighborhood. 9 a.m.-3 p.m. Information

more events »

REAL ESTATE

Top Davidson County residential sales for April 2021

Top residential real estate sales, March 2021, for Davidson County, as compiled by Chandler Reports.

US mortgage rates fall for 4th week; 30-year dips to 2.94%

WASHINGTON (AP) — Mortgage rates declined this week, marking their fourth consecutive week below 3% and further evidence of the strength in the economy's recovery from the pandemic recession.

NEWSMAKERS

Zeglarksi joins Frost Brown Todd

Robert Zeglarksi, known for his work with clients in the technology, financial and entertainment industries, has joined Frost Brown Todd’s Nashville office as a member in the firm’s securities and corporate governance practice group.

BRIEFS

Study: COVID kept Metro grads from college

The 2021 Bridge to Completion report from the Nashville Public Education Foundation and the Tennessee College Access and Success Network finds unique challenges and inequities for Nashville public school graduates due to the COVID-19 pandemic.

BEHIND THE WHEEL

Go wild: Five top-rated off-road vehicles for 2021

It’s no surprise that trucks and SUVs continue to dominate the U.S. vehicle market. But in a further move, automakers are increasingly building more SUVs and trucks that are specifically designed for off-road driving.

PERSONAL FINANCE

You might be entitled to free health insurance now

The latest coronavirus relief package did more than dole out $1,400 checks. The law also made health insurance free for millions more people and reduced costs for others – at least for now.

BUSINESS BOOK REVIEW

Ready for a little less drama in your home, workplace?

Every morning, it’s the same argument. Two adult human beings, one at a time in front of your desk, complaining about the other over some office war that’s gone on too long. Both think they’re right. Neither will give up. You don’t know how this ridiculousness started but you know it’ll end because you’re going to end it.

MILLENNIAL MONEY

Cool vs. practical: Flashy credit card might be bad fit

The credit card you pluck out of your wallet can make as much of a statement as the purse or pants in which you carry it.

TENNESSEE TITANS

Titans agree to terms with Farley, 5 of 8 draft picks

NASHVILLE (AP) — The Tennessee Titans have agreed to terms with first-round selection Caleb Farley and four of his fellow draft picks just before their three-day rookie minicamp.

STATE GOVERNMENT

Tim Tebow, Tennessee gov unveil anti-human trafficking push

NASHVILLE (AP) — Former NFL player Tim Tebow joined Tennessee Gov. Bill Lee at the state Capitol on Thursday to announce a multimillion-dollar partnership to fight human trafficking.

MUSIC INDUSTRY

Maren Morris, Miranda Lambert lead CMT Music Awards noms

NASHVILLE (AP) — Former tourmates Miranda Lambert and Maren Morris are the leading nominees for the 2021 CMT Music Awards, celebrating the best in country music videos.

STATEWIDE

Official: Repairs to interstate bridge could take months

MEMPHIS (AP) — Repairs to the Interstate 40 bridge linking Arkansas and Tennessee could take months after a crack was found in the span, forcing thousands of trucks and cars to detour and shutting down shipping on a section of the Mississippi River, a transportation official said Wednesday.

Roadtec to expand in Chattanooga, creating 128 new jobs

NASHVILLE (AP) — Tennessee Gov. Bill Lee has announced that Roadtec, Inc. will expand its operations in Chattanooga.

MIDSTATE

Franklin couple charged with stealing $1.7M from widow, 85

FRANKLIN (AP) — A Tennessee exterminator who posed as the relative of an 85-year-old widow with dementia has been charged with defrauding the woman out of nearly $1.7 million, according to a criminal complaint unsealed Wednesday.

COURTS

Justices consider hearing a case on 'most offensive word'

WASHINGTON (AP) — Robert Collier says that during the seven years he worked as an operating room aide at Parkland Memorial Hospital in Dallas, white nurses called him and other Black employees "boy." Management ignored two large swastikas painted on a storage room wall. And for six months, he regularly rode an elevator with the N-word carved into a wall.

Suit challenges restaurant aid priority to women, minorities

NASHVILLE (AP) — A conservative legal outfit filed a lawsuit Wednesday against President Joe Biden's administration for its prioritization of restaurants and bars owned by women and certain minorities in its COVID-19 relief package, arguing white men are being "pushed to the back of the line" for aid for their eateries.

With bankruptcy tossed, what's next for the NRA?

NEW YORK (AP) — Now that a judge has rejected the National Rifle Association's bankruptcy bid, blocking its plan to reincorporate in Texas, the gun rights group is back to fighting a lawsuit that threatens to put it out of business.

ENVIRONMENT

EPA revokes Trump-era policy that loosened clean-air rules

WASHINGTON (AP) — The Environmental Protection Agency is revoking a Trump-era rule that overhauled how the agency evaluates air pollutants, a move the Biden administration says will make it easier to enact limits on dangerous and climate-changing emissions.

TRANSPORTATION

FAA approves Boeing fix for jets grounded by electrical flaw

WASHINGTON (AP) — Federal regulators have approved a Boeing procedure to fix about 100 jets that have been idled for the past month because of improper electrical grounding of some components, and some of the planes could be flying again in the next few days.

AUTO INDUSTRY

Tesla to stop accepting Bitcoin for car payments

Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.

Crash, arrest draw more scrutiny of Tesla Autopilot system

LOS ANGELES (AP) — Federal safety regulators are sending a team to California to investigate a fatal freeway crash involving a Tesla, just after authorities near Oakland arrested a man in another Tesla rolling down a freeway with no one behind the steering wheel.

VIRUS OUTBREAK

Inside one network cashing in on vaccine disinformation

The couple in the website videos could be hawking any number of products.

Mayor: Memphis will stop enforcing mask mandate Saturday

MEMPHIS (AP) — Nearly a year after requiring people to wear face masks in many public settings to slow the spread of the coronavirus, Memphis will stop enforcing the mandate on Saturday, Mayor Jim Strickland said.

Govt eases up guidance on indoor mask-wearing

WASHINGTON (AP) — In a striking move to send the country back toward pre-pandemic life, the Centers for Disease Control and Prevention on Thursday eased indoor mask-wearing guidance for fully vaccinated people, allowing them to safely stop wearing masks inside in most places.

NATIONAL/INTERNATIONAL BUSINESS

Stocks climb after three days of losses, led by Big Tech

Wall Street put the brakes on a three-day losing streak with a broad stock market rally Thursday powered by Big Tech companies and banks.

Amazon seeks to hire 75,000; offers $100 to vaccinated hires

NEW YORK (AP) — Amazon is seeking to hire 75,000 people in a tight job market and is offering bonuses to attract workers, including $100 for new hires who are already vaccinated for COVID-19.

US jobless claims sink to 473K as more GOP governors bar aid

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 473,000, a new pandemic low and the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.

Big 0.6% April wholesale price jump catches many off guard

WASHINGTON (AP) — Wholesale prices, driven by escalating costs for services and food, jumped 0.6% in April, surprising economists and providing more evidence that inflation pressures are starting to mount with the country emerging from a recession brought on by the pandemic.

McDonald's raising US workers' pay in company-owned stores

McDonald's is raising pay at 650 company-owned stores in the U.S. as part of its push to hire thousands of new workers in a tight labor market.

Tech audit of Colonial Pipeline found 'glaring' problems

BOSTON (AP) — An outside audit three years ago of the major East Coast pipeline company hit by a cyberattack found "atrocious" information management practices and "a patchwork of poorly connected and secured systems," its author told The Associated Press.

Facebook-backed digital currency project Diem shifts to US

A once-ambitious Facebook-backed digital currency project — formerly known as Libra, now called Diem — is shifting operations from Switzerland to the U.S. and said it plans to launch a cryptocurrency tied to the U.S. dollar later this year.

China says Xiaomi removal from U.S. blacklist "beneficial"

HONG KONG (AP) — China's commerce ministry on Thursday welcomed the removal of Xiaomi Corp. from a U.S. government blacklist, a day after the U.S. reversed a ban on U.S. investments in the smartphone maker that was imposed under former President Donald Trump.

NATIONAL/INTERNATIONAL POLITICS

Gaetz associate expected to plead guilty in federal case

WASHINGTON (AP) — A key figure in the federal investigation of Republican Rep. Matt Gaetz is expected to plead guilty to criminal charges next week.

Biden signs order to beef up federal cyber defenses

RICHMOND, Va. (AP) — President Joe Biden signed an executive order Wednesday meant to strengthen U.S. cybersecurity defenses in response to a series of headline-grabbing hacking incidents that highlight how vulnerable the country's public and private sectors are to high-tech spies and criminals operating from half a world away.

Biden team moves swiftly to tackle pipeline political peril

The Biden administration swung aggressively into action after a primary gasoline pipeline fell prey to a cyberattack — understanding that the situation posed a possible series of political and economic risks.

Biden courts Hill leaders, but GOP won't budge on big deal

WASHINGTON (AP) — Despite sharing pleasantries at the White House, Republican congressional leaders signaled no willingness Wednesday to embrace President Joe Biden's ideas for a massive infrastructure investment, insisting instead on a much smaller package and rejecting the idea of raising taxes on corporations and the wealthy to pay for it.

GOP purged Cheney for 'unity,' but Trump bent on retribution

WASHINGTON (AP) — Republican leaders insisted that purging Trump critic Rep. Liz Cheney from their ranks was necessary to unify the party ahead of next year's midterm elections.

US hits China and others for repressing religious freedom

WASHINGTON (AP) — The Biden administration on Wednesday took aim at China and a number of other countries for repressing religious freedom as it forges ahead with its aim of restoring human rights as a primary focus of American foreign policy.

Deal reached for ex-White House counsel McGahn's testimony

WASHINGTON (AP) — Former White House counsel Don McGahn will answer questions in private from the House Judiciary Committee in an apparent resolution of a longstanding dispute over his testimony, according to a court document filed Wednesday evening.

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