General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's Legacy: Have more people died from the Trump Virus or businesses gone under?
There have been more than 20.8 million cases reported across the country, according
to Johns Hopkins University, and there have been more than 353,000 people who have
died from the virus in the U.S..
https://www.ajc.com/news/coronavirus-how-many-people-have-died-from-the-virus-the/mYlJ0bpc9DVgb2scSJGlEM/
NBC: May 15, 2020 From Friendly's to J. Crew, Main Street bankruptcies continue
The coronavirus has seemingly spared no one in its devastation of the U.S. economy, speeding up the demise of iconic department stores, gyms, and entertainment giants.
(BTW this list does not cover a nice little local restaurant in Clintonville (Columbus, OH) that had to close
because of the virus and that they would not borrow more money just to keep the doors open. God, how I
miss their breakfasts, coffee and just sitting outside and reading every other week. That was just one of who
knows how many restaurants that have been forced to close nationwide.)
https://www.nbcnews.com/business/consumer/which-major-retail-companies-have-filed-bankruptcy-coronavirus-pandemic-hit-n1207866
https://www.timeanddate.com/countdown/to?p0=263&iso=20210120T12&msg=Time%20left%20until%20Trump%20leaves%20office
@ noon Donny will have 14 days, 23 hours, 59 minutes, and 59 seconds to go
malaise
(269,187 posts)Expose the biggest loser
Irish_Dem
(47,453 posts)when this is all over.
Klaralven
(7,510 posts)But they are zombies by now, and they will fail once the artificial support goes away.
There will be lots of bankruptcies, foreclosures, evictions etc this year and next before the economic effects are worked out.
There are major structural changes in the economy happening. Many of the closed businesses fall in the "discretionary services" category. Once the economy resets after the closure, the consumer is not likely to resume old habits quickly. Furthermore, consumption of services that once provided the consumer with status among their peers, may no longer have that effect.