I feel for you...there has to be a way for you to stay open...especially if gyms and movie houses stay open...there has to be a way or some sort of compromise....restaurant owners have to come up with a plan....hate to see hard working owners take it in the shorts....how about some compensation from the states?
VD, you're 100% accurate. Restaurants, bars, health clubs and mom and pop establishments have been closed already, have reopened, and are now being threatened with closure again (speaking for CT). With PPP loans (grants) and EIDL loans, they've limped along. If they're closed again, it's over for many. It's worse in places like NYC, where DeBlasio, the last man to the party to begin with, has the harshest shutdowns. No inside seating until at least January 1st (the last I knew)
Take away the Holiday Season from them, which NYC did, and survival becomes a long shot.
Relief efforts from CT have been a joke thus far. A zero % 24 month loan back when all this began. By far the most paperwork required, and their loan projections fell far short of expectations. Their max loan was $ 75,000, took hours to complete the application, had to charge $ 1,000, and instead of giving my client the $ 75,000 he qualified for (using their formulas) they gave him $ 17,000.
Two weeks ago the state came out with a $ 5,000 grant for any small business who's volume was down 20% or more. It was an easy application, I did 25 or so, but $ 5,000 is pocket change.
The federal programs, the PPP & the EIDL, were game changers, they were substantive and real.
We need another round of federal programs and fast, lest doors will be closed forever. I'm not one who usually advocates these programs, BUT WHEN GOVERNMENT FORCES YOU TO CLOSE THAT'S A GAME CHANGER.
I don't think we need uniform across the boards relief for all industries. We need to focus on industries and businesses that have been most hurt. Restaurants, bars, health clubs, movie theaters and small businesses, maybe shopping malls. Owners of commercial and residential real estate who lost rents is another target demographic.
My manufacturing clients haven't loss a beat, neither have most tradesmen, accounting firms have been busier than ever, as have on-line retailers. On the individual side, we don't need uniform relief, many people have lost nothing thus far. Any relief should be directed at families that have suffered real losses.
The first round, which came out very early during the pandemic, was more about speculating losses. We now know real losses, those are the people we help.
Take away the Holiday Season from them, which NYC did, and survival becomes a long shot.
Relief efforts from CT have been a joke thus far. A zero % 24 month loan back when all this began. By far the most paperwork required, and their loan projections fell far short of expectations. Their max loan was $ 75,000, took hours to complete the application, had to charge $ 1,000, and instead of giving my client the $ 75,000 he qualified for (using their formulas) they gave him $ 17,000.
Two weeks ago the state came out with a $ 5,000 grant for any small business who's volume was down 20% or more. It was an easy application, I did 25 or so, but $ 5,000 is pocket change.
The federal programs, the PPP & the EIDL, were game changers, they were substantive and real.
We need another round of federal programs and fast, lest doors will be closed forever. I'm not one who usually advocates these programs, BUT WHEN GOVERNMENT FORCES YOU TO CLOSE THAT'S A GAME CHANGER.
I don't think we need uniform across the boards relief for all industries. We need to focus on industries and businesses that have been most hurt. Restaurants, bars, health clubs, movie theaters and small businesses, maybe shopping malls. Owners of commercial and residential real estate who lost rents is another target demographic.
My manufacturing clients haven't loss a beat, neither have most tradesmen, accounting firms have been busier than ever, as have on-line retailers. On the individual side, we don't need uniform relief, many people have lost nothing thus far. Any relief should be directed at families that have suffered real losses.
The first round, which came out very early during the pandemic, was more about speculating losses. We now know real losses, those are the people we help.
Nobody has the money, they have to borrow it and hope to get repaid overtime. Much like the federal EIDL programs, 30 years at 3.75%
I'd suggest employing many thousands of the unemployed as C-19 rule enforcement officers. Get people back to work & kill the virus at the same time via enforcement. Kill two birds with one stone. Maybe even start with $1000 fines for first offences, or arrest & jail the covidiots. Hotels could be used for jailing purposes if the "accomodations" become full elsewhere. That could put hotel staff back to work rather than receiving free government payouts for doing nothing.
Many new ones will open in 2021 & or 2022 when things return to closer to normal.
Even before covid restaurants went out of business, while new ones were created. This is nothing new. That's how life in the world has been since the dawn of civilization.
BMO forecasted full recovery of the economy next year.
We who live in first world nations in the 21st century have enjoyed the highest quality of life & standard of living in the history of man.
Try living in North Korea today or Europe in the 14th century for a comparison.
Damage? Yes, about 2 million people are dead & done for. And hundreds of thousands, if not millions, more suffering long term negative health consequences from being infected.
Damage? The economy is not dead or destroyed, but on a holiday.
As they have been since man was a monkey.
If you're dead or so ill you're unable to work due to covid, then you're work is lost anyway, if not worse.
At that rate if the world were infected just once, about 8 million would die. To say nothing of the long term ill health to millions of survivors, which wouldn't be good for the economy.
At that rate with a 3 in 1000 chance of death, who's covidiot enough to play a form of Russian Roulette with their life.
Thankfully the online keyboard warrior amateur after-the-fact commentating covidiots, conspiracy nut jobs, hoax advocates, C-19 existence deniers & "it's just a flu, what's all the fuss about" folks weren't in charge. Then all hell would have broken loose (think Armageddon like) & it wouldn't be just a couple million dead, but more like 20,000,000, to say nothing of those suffering from "long covid" & the longterm economic impact of that.
"Trump lawyer: ex-election security chief Krebs should be 'taken out and shot'
Joe DiGenova condemned for ‘mob attorney’ remark made on podcast shown on conservative Newsmax TV
https://www.theguardian.com/us-news...nova-election-security-chief-chris-krebs-shot
