OldTimeAFLGuy Posted August 7, 2020 Posted August 7, 2020 40 minutes ago, B-Man said: 41 % ! ...Jesus...ONE state...imagine the filings nationwide?.....and how many CANNOT get help and cannot re-open due to people making MORE staying home on unemployment?....Forbes estimates 50%......
Buffalo_Gal Posted August 7, 2020 Posted August 7, 2020 46 minutes ago, B-Man said: 41 % ! No one has a source for this. If anyone finds a source, please share! That would be an insane number as most small businesses would simply close and not waste the money on a bankruptcy proceeding. Note: I a not saying things are not bad in Maine. Tourism has not resumed, the governor had a long, tough lock down imposed, etc. I am merely questioning that stat as accurate.
OldTimeAFLGuy Posted August 7, 2020 Posted August 7, 2020 3 minutes ago, Buffalo_Gal said: No one has a source for this. If anyone finds a source, please share! That would be an insane number as most small businesses would simply close and not waste the money on a bankruptcy proceeding. Note: I a not saying things are not bad in Maine. Tourism has not resumed, the governor had a long, tough lock down imposed, etc. I am merely questioning that stat as accurate. ...but this list so far from Forbes of the top 20 filing may get your attention for starters............. https://fortune.com/2020/06/29/companies-filing-bankruptcy-2020-during-coronavirus-pandemic-covid-19-economy-industries/ 1
RochesterRob Posted August 8, 2020 Posted August 8, 2020 (edited) 20 hours ago, OldTimeAFLGuy said: ...Jesus...ONE state...imagine the filings nationwide?.....and how many CANNOT get help and cannot re-open due to people making MORE staying home on unemployment?....Forbes estimates 50%...... I would tend to look at credit issues being perhaps a larger problem. If you are a restaurant or used car lot that is running 30-60 days late or more paying creditors because your business cratered then you will have issues in terms of acquiring the necessary goods to make your business operate. Edited August 8, 2020 by RochesterRob
RochesterRob Posted August 8, 2020 Posted August 8, 2020 20 hours ago, Buffalo_Gal said: No one has a source for this. If anyone finds a source, please share! That would be an insane number as most small businesses would simply close and not waste the money on a bankruptcy proceeding. Note: I a not saying things are not bad in Maine. Tourism has not resumed, the governor had a long, tough lock down imposed, etc. I am merely questioning that stat as accurate. I would guess that quite a number of businesses are struggling to survive right here in WNY.
SoCal Deek Posted August 8, 2020 Posted August 8, 2020 1 minute ago, RochesterRob said: I would guess that quite a number of businesses are struggling to survive right here in WNY. Exactly what the Left has always intended. It took a virus to give them the excuse they needed.
Buffalo_Gal Posted August 8, 2020 Posted August 8, 2020 (edited) 1 hour ago, RochesterRob said: I would guess that quite a number of businesses are struggling to survive right here in WNY. Pretty sure all of NYS is struggling between the lock down and riots. Cuomo may have come to the realization that tax dollars are needed for the budget as people move out, and Trump seems disinclined to acquiesce to the request for riot-restoration-dollars. Edited August 8, 2020 by Buffalo_Gal
RochesterRob Posted August 8, 2020 Posted August 8, 2020 2 hours ago, SoCal Deek said: Exactly what the Left has always intended. It took a virus to give them the excuse they needed. More than an excuse. They wanted many more dependents on a welfare state to maintain their power. As to Buffalo Gal's statement concerning bankruptcies some businesses have to go that route as the debts most likely outstrip the assets. Income taxes to the Feds and state in a liquidation get paid before the creditors so that is most likely 30 percent less cash to pay debt. Being in bankruptcy reduces leverage in obtaining optimal value in selling assets. A business could be sitting in a good equity position prior to a bankruptcy but get caught in a bad position at the wrong time can wipe it pretty much out. I've seen it happen to car dealers and other business people.
B-Man Posted August 10, 2020 Posted August 10, 2020 Navarro and Mnuchin say DOJ cleared Trump executive actions as Democrats mull legal challenge by Mica Soellner Original Article White House trade adviser Peter Navarro is sure President Trump's recent executive actions on coronavirus relief will pass any legal challenge against them. "I’m confident that every single one of those orders, which cleared through the Office of Legal Counsel, will stand up," Navarro said Sunday on NBC's Meet the Press. Over the weekend, Trump signed an executive order and memorandums regarding economic relief for those who have faced job losses and financial hardship due to the COVID-19 pandemic. Trump's move came after Congress failed to reach a deal to pass a second relief package.
Buffalo_Gal Posted August 11, 2020 Posted August 11, 2020 He's now on the COVID-19 team:Dr. Scott Atlas backs calls to play college football this fall: 'We have to become rational here' 'There's no reason to shut down out of fear here,' Atlas tells 'The Story' </snip> (and video)
B-Man Posted August 13, 2020 Posted August 13, 2020 NOT THE PANDEMIC, BUT THE RESPONSE TO THE PANDEMIC: The Covid-19 Crisis Has Wiped Out Nearly Half Of Black Small Businesses. 1
B-Man Posted August 14, 2020 Posted August 14, 2020 Big 10 Cancellation Could Put Even More Small Businesses Under
IDBillzFan Posted August 14, 2020 Posted August 14, 2020 On 8/13/2020 at 6:56 AM, B-Man said: NOT THE PANDEMIC, BUT THE RESPONSE TO THE PANDEMIC: The Covid-19 Crisis Has Wiped Out Nearly Half Of Black Small Businesses. You can practically hear the Democrats cheering this on. In NY and CA alone, the number of small businesses closing permanently is devastating. But hey...if they can get Biden into the WH, it will all be worth it.
Buffalo_Gal Posted August 14, 2020 Posted August 14, 2020 29 minutes ago, B-Man said: Big 10 Cancellation Could Put Even More Small Businesses Under "Will Trump take the hit?" But, I thought it is all about the Wuhan virus being the worst thing evah!!!? 2
Buffalo_Gal Posted August 31, 2020 Posted August 31, 2020 Pinterest pays $89.5 million to terminate San Francisco office lease </snip> "As we analyze how our workplace will change in a post-COVID world, we are specifically rethinking where future employees could be based," Pinterest Chief Financial Officer Todd Morgenfeld said in a statement Friday. "A more distributed workforce will give us the opportunity to hire people from a wider range of backgrounds and experiences." </snip> Pinterest's change of plans is just the latest indicator that the Bay Area's business districts may look very different for years to come. Facebook, Apple and Twitter have indicated work-from-home may extend far into the future, with much of their work force potentially staying remote even after the coronavirus pandemic ends. Twitter CEO Jack Dorsey told employees they will be able to work remotely permanently, if they so desire. The change in working life may also trigger a change in Bay Area demographics. In an anonymous survey of 4,400 tech workers, two-thirds of respondents said they would consider leaving the region permanently if allowed to work from home. </snip> 1
IDBillzFan Posted September 1, 2020 Posted September 1, 2020 4 hours ago, Buffalo_Gal said: Pinterest pays $89.5 million to terminate San Francisco office lease I'm told Google is keeping its employees out of the office through mid-2021. I still can't grasp the real estate ramifications of this. Do they sit on these properties for another year or just buy their way out? What impact will this have on that area?
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