Make or Break week

[Shawnee_b]

America’s Make-or-Break Week

Rent, utilities, credit card payments, payroll: The bills are now coming due for big companies, small businesses and millions of laid-off workers. How Americans navigate the next few days will shape how the coronavirus pandemic impacts the economy.

www.wsj.com

• passed a $2 trillion rescue plan but before those funds start to flow, American companies from the owner of a single liquor store in Boston to corporate giants like Macy’s Inc., must decide what to do about April’s bills: Which obligations do they pay and which can they put off? How many employees can they afford to keep on the payroll? Can they get a break on rent?

The decisions they make this week could shape how deeply the economy is damaged by the coronavirus pandemic.
“Rent is due. Utilities are due. Credit card bills are due April 1,” said Hadley Douglas, who has laid off two workers from her liquor business, The Urban Grape. “The deadline is looming large and it is petrifying.” She said her landlord turned down a request to temporarily pay half the rent but said to keep in touch as it was focusing first on smaller, harder hit businesses.

Hadley Douglas, who has laid off two workers from her Boston liquor store, The Urban Grape.
PHOTO: BEATRICE PELTRE
Millions of Americans are suddenly out of work and many businesses have already closed under orders from state and local governments to close to prevent the spread of the virus. A record 3.28 million Americans filed for unemployment benefits in the week ended March 21.

The U.S. restaurant industry has lost $25 billion in sales since March 1, according to a survey of 5,000 owners by the National Restaurant Association. Nearly 50,000 stores of major U.S. retail chains have closed, according to the companies.
An estimated $20 billion in monthly retail real estate loans are due as early as this week, according to Marcus & Millichap, a commercial real-estate services and consulting firm. Many retailers and restaurants have said they are not going to pay their April rents, which in turn poses a threat to the $3 trillion commercial mortgage market.

snip

Wow. I have heard we will lose 20% of small businesses but looks like some larger ones are hit pretty bad too. Pretty bad shit.

 

[Marion Morrison]

America’s Make-or-Break Week

Rent, utilities, credit card payments, payroll: The bills are now coming due for big companies, small businesses and millions of laid-off workers. How Americans navigate the next few days will shape how the coronavirus pandemic impacts the economy.

www.wsj.com

• passed a $2 trillion rescue plan but before those funds start to flow, American companies from the owner of a single liquor store in Boston to corporate giants like Macy’s Inc., must decide what to do about April’s bills: Which obligations do they pay and which can they put off? How many employees can they afford to keep on the payroll? Can they get a break on rent?

The decisions they make this week could shape how deeply the economy is damaged by the coronavirus pandemic.
“Rent is due. Utilities are due. Credit card bills are due April 1,” said Hadley Douglas, who has laid off two workers from her liquor business, The Urban Grape. “The deadline is looming large and it is petrifying.” She said her landlord turned down a request to temporarily pay half the rent but said to keep in touch as it was focusing first on smaller, harder hit businesses.

Hadley Douglas, who has laid off two workers from her Boston liquor store, The Urban Grape.
PHOTO: BEATRICE PELTRE
Millions of Americans are suddenly out of work and many businesses have already closed under orders from state and local governments to close to prevent the spread of the virus. A record 3.28 million Americans filed for unemployment benefits in the week ended March 21.

The U.S. restaurant industry has lost $25 billion in sales since March 1, according to a survey of 5,000 owners by the National Restaurant Association. Nearly 50,000 stores of major U.S. retail chains have closed, according to the companies.
An estimated $20 billion in monthly retail real estate loans are due as early as this week, according to Marcus & Millichap, a commercial real-estate services and consulting firm. Many retailers and restaurants have said they are not going to pay their April rents, which in turn poses a threat to the $3 trillion commercial mortgage market.

snip

Wow. I have heard we will lose 20% of small businesses but looks like some larger ones are hit pretty bad too. Pretty bad shit.

Leftists/globalists will not stop until it's bigger than the 20th Century depression.

That's the goal, and it looks like: "Here we go! Wheee!"

I need to check into getting me some yardbirds, maybe go in halves on a cow with the neighbor.

Not a 1/2 side of beef, a live cow.

He's been thinking about goats, but idk how their milk is. I know 1 thing's for sure: I'd have an easier time slaughtering a goat than a sweet ol' cow.

Goats: For when you can't bring yourself to slaughter a cow.

I could murder a goat easy.

So much for The American Dream.

 

[Shawnee_b]

Goat milk is very good. First time I drank it didn't notice much difference. Good for those lactose intolerant too.