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Nzoner's Game Room>***NON-POLITICAL COVID-19 Discussion Thread***
JakeF 10:28 PM 02-26-2020
A couple of reminders...

Originally Posted by Bwana:
Once again, don't come in this thread with some kind of political agenda, or you will be shown the door. If you want to go that route, there is a thread about this in DC.
Originally Posted by Dartgod:
People, there is a lot of good information in this thread, let's try to keep the petty bickering to a minimum.

We all have varying opinions about the impact of this, the numbers, etc. We will all never agree with each other. But we can all keep it civil.

Thanks!

Click here for the original OP:

Spoiler!

[Reply]
Bob Dole 07:37 PM 04-19-2020
Originally Posted by SAUTO:
Sunday’s and Mondays are always down. We’ve gone through this Pete
I thought it was rainy days and Mondays.
[Reply]
ghak99 07:39 PM 04-19-2020
Originally Posted by petegz28:
3 more small businesses in OP say they will not re-open when this is all said and done.
One of the local restaurants here was being cleaned out today. I know what the rent is on the building, and completely understand. Another that has been trying to hang on via pick up orders says if it goes longer than 3 weeks he'll be hauling his stuff out next.

Saw another that was using this time to do a remodel and had his staff all painting the walls and giving the place a make over. I thought it was great that he had his staff doing work when he could have hired it done cheaper, but then I got to wondering if they'd rather have been drawing the new unemployment.

Of course all the crap chain restaurants say they'll be opening up as soon as possible. That should spike the TP sales all over again when those grease factories open their doors back up.
[Reply]
Chief Pagan 07:56 PM 04-19-2020
Originally Posted by Rain Man:
Yeah, I hope people prioritize local businesses over chains when they start spending money again. A world of chain restaurants and big corporations is not a good world.
Unfortunately I think big chains and big corporations will have an even bigger slice of the economy by the time this is fully over.

I definitely support trying to patronize smaller shops.

For the small shops that go under, it is unlikely the land lord is going to find another tenant.

It would be nice if small businesses could do a fast and easy bankruptcy and then open up again in the same location. If they were profitable before the pandemic you would expect the same shop to be profitable afterwards.

But our system isn't geared for that. And I suppose I should stop at this point anyway.
[Reply]
Bugeater 08:30 PM 04-19-2020
Originally Posted by Bob Dole:
I thought it was rainy days and Mondays.
And automatic weapons.
[Reply]
Bugeater 08:32 PM 04-19-2020
Originally Posted by Chief Pagan:
Unfortunately I think big chains and big corporations will have an even bigger slice of the economy by the time this is fully over.

I definitely support trying to patronize smaller shops.

For the small shops that go under, it is unlikely the land lord is going to find another tenant.

It would be nice if small businesses could do a fast and easy bankruptcy and then open up again in the same location. If they were profitable before the pandemic you would expect the same shop to be profitable afterwards.

But our system isn't geared for that. And I suppose I should stop at this point anyway.
It's a myth that the US is small business friendly. It probably was at one time, but that time has long passed and you are correct, this isn't going to help.
[Reply]
Monticore 08:48 PM 04-19-2020
Originally Posted by Bugeater:
It's a myth that the US is small business friendly. It probably was at one time, but that time has long passed and you are correct, this isn't going to help.
In Canada the margins are so small for restaurants especially in small towns it will be hard for them to recover.
[Reply]
Bugeater 09:02 PM 04-19-2020
Originally Posted by Monticore:
In Canada the margins are so small for restaurants especially in small towns it will be hard for them to recover.
Which brings up another concern of mine...if they're required to run only partial capacity in order to reopen, many simply will not be able serve the volume of customers they need to survive. I doubt the property owners are going to be willing to only charge partial rent to accommodate that. The outlook is pretty bleak for the industry.
[Reply]
Dartgod 09:08 PM 04-19-2020
Originally Posted by Bob Dole:
I thought it was rainy days and Mondays.
They always get me down.
[Reply]
petegz28 09:12 PM 04-19-2020

[Reply]
Discuss Thrower 09:34 PM 04-19-2020
Originally Posted by PAChiefsGuy:
It'll take time but I'm sure most of them will be back.
Based on what?
[Reply]
Bugeater 09:39 PM 04-19-2020
Originally Posted by Discuss Thrower:
Based on what?
:-)



[Reply]
LiveSteam 10:02 PM 04-19-2020
:-)
[Reply]
Discuss Thrower 11:09 PM 04-19-2020
Didn't expect to see this
[Reply]
Bugeater 11:15 PM 04-19-2020
"You've reached your free article limit."


What the fuck ever, not before I copied it, now it's free for everyone.



Originally Posted by :
Jim McDonald is using all of his four decades of experience in financial markets to navigate the global pandemic’s impact for wealthy and institutional customers at Northern Trust Corp. His main message: be bullish on U.S. stocks.

[Reply]
Discuss Thrower 11:16 PM 04-19-2020
Originally Posted by Bugeater:
"You've reached your free article limit."


What the fuck ever, not before I copied it, now it's free for everyone.



That was actually the wrong link. :-)


I did not expect to see this

Burger chain Shake Shack will return its entire $10 million loan from the U.S. government after facing widespread criticism https://t.co/C3aCujvrf3

— Bloomberg (@business) April 20, 2020

[Reply]
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