The arrival of the Easter Bunny at Northgate Mall will be celebrated Saturday, April 6, with a Coloring with the Cops party from 11 a.m. to 1 p.m.
CBL Properties, which owns the 823,000-square-foot Northgate Mall, said Easter’s favorite fuzzy friend will be accompanied by Chattanooga Police Department officers, who will color and chat with kids. AARP Tennessee will be on hand to dish out snacks and giveaways.
The Easter Bunny’s Garden is located near Burlington and will be there through April 20th during mall hours.
First Tennessee Bank among best for women
First Horizon National Corp., the parent company of First Tennessee Bank, has been named by the National Association for Female Executives as one of 70 companies on the 2019 NAFE Top Companies for Executive Women list.
This list honors U.S. corporations that demonstrate a strong focus in moving women to senior ranks, including mentoring, sponsorship, involvement in employee resource groups and leadership development training. Other factors used to identify the top companies include benefits, flexibility, corporate culture and CEO involvement in advancing women.
Women comprise 63 percent of First Tennessee’s workforce, 32 percent of its executive team and 25 percent of the bank’s senior managers.
“We are proud of our progress and will continue to work to advocate and promote the success of women in our organization,” said John Daniel, chief human resources officer at First Tennessee.
Rock ‘n Plays pose dangers
The Consumer Product Safety Commission says infants older than 3 months, or those who can roll over, should not use Fisher-Price Rock ‘n Plays because of multiple deaths.
The agency and Fisher-Price parent Mattel Inc. said Friday they are aware of at least 10 infant deaths in the Rock ‘n Plays since 2015 after infants rolled from their back to their stomach or side, while unrestrained. All 10 were infants 3 months or older.
The CPSC says it previously warned consumers to use restraints in the infant inclined-sleep products.
Fisher-Price says its sleeper meets all safety standards and reminded parents to use restraints, put infants on their backs to sleep and ensure that no blankets or pillows are placed in the sleeper.
Boeing cuts output of Max airliners
Boeing is cutting production of its grounded Max airliner this month to focus on fixing flight-control software and getting the planes back in the air.
The company said Friday that starting in mid-April it will cut production of the 737 Max from 52 to 42 planes per month. Boeing had already suspended deliveries of the Max after regulators around the world grounded the jet following deadly crashes in Indonesia and Ethiopia.
In each case, preliminary reports say faulty sensor readings erroneously triggered an anti-stall system that pushed the plane’s nose down. Pilots of each plane struggled in vain to regain control over the automated system. In all, 346 people died in the crashes.
The announcement to cut production comes one day after Boeing acknowledged another software issue that needs fixing on its 737 Max jets, and the discovery explains why the aircraft maker is delaying its schedule for getting the planes back in the air.
Consumer borrowing slowed in February
Consumer borrowing rose at a slower pace in February as the increase in auto and student loans was the slowest in eight months.
Borrowing increased by $15.2 billion in February, down from a gain of $17.7 billion in January, the Federal Reserve reported Friday.
Borrowing for auto loans and student loans rose by $12.2 billion, the smallest gain since last June. Borrowing for credit card debt rose by $2.95 billion, the biggest increase since November. The overall increases pushed consumer borrowing to a new record of $4.05 trillion.
Malpass to head the World Bank
David Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, was elected to the job on Friday.
Malpass was approved unanimously by the bank’s 25-member executive board. He will begin a five-year term next Tuesday succeeding Jim Yong Kim, an Obama administration pick who stepped down earlier this year, three years before his term was to end.
Malpass was serving in the Trump administration as Under Secretary of the Treasury for International Affairs.
Treasury Secretary Steven Mnuchin and Ivanka Trump, the president’s daughter and a White House adviser, both praised the choice.
“I look forward to continuing our work to economically empower women globally and further the bank’s core mission of ending poverty,” said Ivanka Trump, who had worked on those issues with Kim.
Mnuchin praised Malpass for pushing reforms at the World Bank during his time at Treasury.
Malpass has been a longtime critic of the World Bank and its sister lending organization, the International Monetary Fund. He has complained that the bank was lending too much money to China at the expense of poorer nations that do not have the same access to global capital markets as China.