5 things to know: Wednesday - FOX34 Lubbock

5 things to know: Wednesday

Posted: Updated:

Court approves bid process for Reagor-Dykes Auto Group, extends use of cash collateral

LUBBOCK, Texas - KamKad Automotive Group is expected to purchase the Reagor-Dykes Auto Group by late November, following the U.S. Bankruptcy Court's approval of the next steps in the bid process Tuesday. KamKad has brought the most aggressive offer among several potential buyers, Reagor-Dykes' chief restructuring officer testified Tuesday. KamKad is a stalking horse bidder that's emerged to buy the Lubbock-based Auto Group.

Ford Motor Credit filed suit against the Reagor-Dykes Auto Group, Rick Dykes and Bart Reagor July 31. The next day many, but not all, Reagor-Dykes companies filed for bankruptcy protection.

Chief restructuring officer Bob Schleizer of BlackBriar Advisors testified KamKad's letter of intent covers a total purchase price of more than $100 million, which includes more than $25 million cash that covers nearly everything within the business: parts, furniture and lease interest. $15 million is for goodwill / enterprise value.

Schleizer said purchase of about 2,300 vehicles in Reagor-Dykes' inventory totals around $81.5 million, based on analysis conducted Monday.


Texas schools remove female political figures from curriculum

LUBBOCK, Texas - The Texas State Board of Education is pursuing cuts to learning standards in history classes across the state, as a preliminary vote was approved to axe references and required teaching to political figures like Helen Keller, 1964 presidential candidate Barry Goldwater, and Hillary Clinton.

“To exclude the types of people that have a major impact on upcoming females that can be shown these are people you can aspire to be as the first Presidential candidate to be a woman and somebody who had severe disabilities and overcame them to make a great life for herself. Those are the things we feel, as educators, need to be taught to students because it shows that there is a way forward even though you may have very many obstacles against you,” said Clinton Gill with the Texas State Teachers Assocation.

The board's vote is only preliminary, and they can amend the curriculum before taking a final vote in November.


TTU Sigma Delta Pi celebrates Lubbock Spanish day

LUBBOCK, Texas - Spanish is one of the most common languages worldwide, about 442 million people speak it according to the Accredited Language Services.

"If you are bilingual you have more chances to get hired in the health system and more chances to earn more money," said Maria Rodriguez, a Spanish tutor at Texas Tech. "The same thing for business, in business we have a lot of transactions between other countries, so the more professional Spanish you learn the better success you'll have in you career or in business."

Texas Tech's National Collegiate Hispanic Honor Society Sigma Delta Pi celebrates Lubbock Spanish day. It's an open discussion focusing on the global importance of the Spanish language and the relevance it has today. 

Rodriguez said that there is a high demand for bilingual professionals especially in the health, legal, and business sectors. She encourages students to look into Tech's Spanish language programs and clubs. 


Lubbock Chamber shows support in proposed Lubbock ISD bond election

LUBBOCK, Texas - The Lubbock Chamber of Commerce throwing its support behind Lubbock ISD's proposed bond election.

The $130 million proposal is the first since 2010 and will not affect the tax rate. The bond includes $53 million earmarked for efficiency, including a new elementary school. It would take the place of the Guadalupe, Jackson and wright campuses.

Mark Griffin, Co-chair of the Committee that made those safety proposals, calls it a courageous decision.

"The easy mark would have been just to step back and wait. I can tell you that what LISD is going to be doing through this security and making safety a high priority on our campuses, will likely be cutting edge in the entire state of Texas," Griffin said. "You're going to see school districts use us as a template if this is approved by the community to how they secure the schools."

This election will be on your November 6 ballot.


Ford wants her Kavanaugh claim investigated before hearing
  
WASHINGTON (AP) - Lawyers for Christine Blasey Ford say that before she testifies on Capitol Hill next week she wants the FBI to investigate her allegation that she was sexually assaulted by Supreme Court nominee Brett Kavanaugh.
  
But the chairman of the Senate Judiciary Committee, Iowa's Chuck Grassley, says an FBI investigation wouldn't have any bearing on Ford's testimony so "there is no reason for further delay." Other Republicans are suggesting that Ford will have only this one opportunity to testify.
  
On Tuesday, President Donald Trump showered sympathy on Kavanaugh. The president too has rejected the idea of bringing in the FBI to reopen its background check of the appeals court judge.
  
Ford's lawyers say she has been the target of "vicious harassment and even death threats" since coming forward with her story.

Powered by Frankly
All content © Copyright 2000 - 2020 RAMAR. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.