"Consulting firm Aaron Allen & Associates estimates that 10 percent of restaurants globally will disappear due to the coronavirus. Allen estimates there are about 22 million restaurants worldwide, so the projection implies that 2.2 million of them will close. In the United States, the industry employs 15.6 million workers, according to the National Restaurant Association. OpenTable, which tracks restaurant activity via reservations, estimates the failure rate could be even higher."
You see where they placed that mor$el, right?
Related:
Spamming the Globe
Also see:
Senators press meatpackers on exports to China
Warren and Booker want to know where the food is going.
Starbucks to sell plant-based meat for first time in the US
That will tie you over until Gates is ready to serve his lab-created goop.
Hunger strike launched in effort to change name of Faneuil Hall
Fine, starve yourselves, more of the diminishing quantity for us.
We will soon be slaughtering unicorns:
"Massachusetts has a new unicorn: Workhuman, a human-resources tech company, has been valued at $1.2 billion. The company sold a 10 percent stake to Intermediate Capital Group, a British investment firm, enabling a number of original angel investors to cash out. Workhuman chief executive Eric Mosley said ICG bought the stake for $120 million. He said Workhuman has probably been worth more than $1 billion — the threshold for private companies to achieve “unicorn” status — for a few years but this was the first time its valuation was put to the test by selling shares in the firm. Morgan Stanley handled the sale process, which began last year and was completed during the pandemic, on behalf of Workhuman. The company employs about 700 people, including 300 at the headquarters in Framingham, and reported about $580 million in revenue last year. (The firm also has a headquarters office in Dublin.) “I’ll always be thankful for those angel investors,” Mosley said. “They invested in us when we were two or three people, with just an idea. . . . I was delighted to be able to get them that return.”
Not as good as the return on vaccinations, but not bad.
Mass. Life $ciences Center has an interim leader
It's all a gamble at be$t:
"Poker, craps, and roulette are off the table when Mass. casinos reopen; State commission details its safety rules for the restart of the gaming industry" by Andy Rosen Globe Staff, June 23, 2020
Gamblers in Massachusetts will not be allowed to play poker, roulette, or craps when casinos reopen amid the COVID-19 pandemic. Plexiglass partitions will separate guests and employees wherever they are in close quarters, and masks will be essential for anyone moving around the gaming floor.
The guidelines were the product of weeks of discussion among the casinos and the Massachusetts Gaming Commission, which spent hours considering details as granular as the dimensions of the dividers between slot machines and the conditions under which gamblers could lower their masks to have a drink.
So they can lose their judgment and likely slip up with the mask and distancing?
No, no, no, time to PROHIBIT ALCOHOL!
Speaking Monday, gaming commission chairwoman Cathy Judd-Stein urged the casinos to prepare visitors for an experience that will not be the same as before the health crisis closed down the industry in mid-March.
“Every patron who comes in the door will understand … that this is an exciting opportunity to re-engage, but it’s under very different conditions because we are in a pandemic,” she said, and she noted that the picture could still change before casinos can reopen in Massachusetts.....
Then why even bother reopening, and that is when I folded.
This COVID-19 plague has been an OPPORTUNITY for SO MANY!
--more--"
Related:
"Millions of Americans are out of work because of the pandemic. Protests against racism are roiling the United States and other countries. It must be a bad time for a startup to go public on the stock market, right? Akouos doesn’t think so. A Boston biotech trying to develop the first gene therapy to treat hearing loss, it has increased what it hopes to raise in its initial public offering Friday to $125 million amid recent strong debuts by other biopharma startups. So far this year, 23 biotechs nationwide have gone public. On average, their share prices closed up more than 36 percent on the first day of trading and are up an average of almost 82 percent from their IPO prices, said Matt Kennedy, a senior strategist for Renaissance Capital, a pre-IPO research provider for institutional investors....."
I didn't hear you, what was that?
Of course, everything could blow up in their faces:
"PG&E launched two public equity offerings totaling $5.23 billion as it prepares to exit the biggest utility bankruptcy in US history. PG&E has already raised more than $13 billion in the debt markets to finance its bankruptcy, which began after its equipment sparked deadly wildfires in Northern California and saddled it with $30 billion in liabilities."
At least the banks weren't burned down:
"The former CEO of German payment service provider Wirecard has been arrested, accused of inflating the company’s balance sheet in an accounting scandal that centers on a missing sum of 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday. Markus Braun resigned on Friday after the company said that auditors couldn’t find accounts containing the money. On Monday, Wirecard said it has concluded that the money probably doesn’t exist."
Probably not?
Just created it out of thin air like the Fed, huh?
Now what is all that racket back there?
Most LGBTQ workers in US face discrimination that’s now illegal
Oh, yeah, you prideful people. Back of the bus, and stop your complaining. The heterosexual women don't even get to board.
FCC to vote in July on creating a three-digit suicide prevention hotline
Hello?
Hello?!
Other end of the line went dead.
