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Thread: More Than Half Of Business Closures Caused By Economic Lockdowns Are Permanent, Yelp

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    More Than Half Of Business Closures Caused By Economic Lockdowns Are Permanent, Yelp

    More Than Half Of Business Closures Caused By Economic Lockdowns Are Permanent, Yelp Data Show
    Chris White

    More than half of American businesses that closed down due to economic lockdowns are permanently shuttered, according to data Yelp published Wednesday.

    There’s been a 23% increase in the number of business closures since mid-July, with the number of permanent closures reaching 96,966, representing 60% of closed businesses that will not be reopening, the data show.
    The closures came after government officials began instituting stay at home orders in March to slow the pandemic, which originated in China before spreading to the U.S.
    “Overall, Yelp’s data shows that business closures have continued to rise with a 34% increase in permanent closures since our last report in mid-July,” Justin Norman, Yelp’s vice president of data science, told CNBC on Wednesday.
    Restaurants, bars, and other establishments that have physical locations have been hit the hardest throughout the past six months, data show.
    Cities where closures are higher are struggling, relative to smaller metro areas, according to the data. Los Angeles has experienced 15,000 closures, half of which are permanent, while New York has seen more than 11,000 closures, 63% of which are reported as permanent, Yelp’s data show.
    The numbers come after former Vice President Joe Biden suggested in late August that he would be willing to shut down the entire country if scientists recommend the measure to curb the virus, which has reportedly killed nearly 196,000 people, according to data from John Hopkins University. The lockdowns resulted in mass layoffs and an increase in unemployment rates.
    More than 5.25 million Americans filed jobless claims in April, less than a month after the initial lockdowns began, data released in April from the Department of Labor showed. The total coronavirus unemployment claims surpassed the number of claims during the entire 2008 Great Recession within weeks of the lockdowns, data from the Department of Labor show.

    https://dailycaller.com/2020/09/16/b...s-coronavirus/

    So much for business as usual, unless you are glad to see businesses shut down.
    Too many governors are still practicing a tyrant's rule. CA, CONN, CA, et al.
    This is deliberate. When you shut down businesses you create a two-fold problem.First, you've just shot yourself in the foot for tax-generated revenue
    Second, you've increased the amount of people on unemployment. When that runs out, the problem keeps getting worse.

    For waltky: http://quakes.globalincidentmap.com/
    "The Nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools."
    - Thucydides

    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote" B. Franklin
    Igitur qui desiderat pacem, praeparet bellum

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    This was a deliberate and calculated attack on small businesses by state governors. I see it as an unConstitutional taking which requires fair market value reimbursement (imo fair market at the pre-lockdown value).
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    Quote Originally Posted by Peter1469 View Post
    This was a deliberate and calculated attack on small businesses by state governors. I see it as an unConstitutional taking which requires fair market value reimbursement (imo fair market at the pre-lockdown value).
    it has reduced the speed of money to a crawl and that causes an economic catastrophe. We are headed for the Domino Effect
    For waltky: http://quakes.globalincidentmap.com/
    "The Nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools."
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    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote" B. Franklin
    Igitur qui desiderat pacem, praeparet bellum

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    You know the view of the left.
    If you cannot afford to pay a 16 year old pimple faced kid $15/hr with full benefits, to not show up half the time, then you should not be in business.

    They don't care about your employees. They do not care about your family. All they care about are their slogans.

    When Joe promises you union jobs then you have to remember that it was Joe Biden and his ilk that have lost half our union jobs since 1983. Although it was bi-partisan.
    They sent them to china.
    They allowed regulations to drive many employers out of business.
    They allowed dumping and currency manipulation.
    They allowed the US to be drained.
    They allowed the US to be flooded with illegal immigrants that made the supply of low pay workers increase.

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    Quote Originally Posted by Peter1469 View Post
    This was a deliberate and calculated attack on small businesses by state governors. I see it as an unConstitutional taking which requires fair market value reimbursement (imo fair market at the pre-lockdown value).
    Remove alternative sources, and dependency on the "State" increases.

    While I don't necessarily disagree with the fair market reimbursement, I would have to do some research into the reality of it. My initial reaction is it wouldn't happen, as it would require revenue sources which they have just effectively eliminated.
    "I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations." -- James Madison

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    Quote Originally Posted by Collateral Damage View Post
    Remove alternative sources, and dependency on the "State" increases.

    While I don't necessarily disagree with the fair market reimbursement, I would have to do some research into the reality of it. My initial reaction is it wouldn't happen, as it would require revenue sources which they have just effectively eliminated.
    I have a complicated explanation that I may turn into a thread this weekend when I have time. It has to do with the difference between the way private banks create money (via debt) and the way public banks create money (not via debt).
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    Quote Originally Posted by Peter1469 View Post
    I have a complicated explanation that I may turn into a thread this weekend when I have time. It has to do with the difference between the way private banks create money (via debt) and the way public banks create money (not via debt).
    I look forward to it.
    "I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations." -- James Madison

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    Quote Originally Posted by Collateral Damage View Post
    Remove alternative sources, and dependency on the "State" increases.

    While I don't necessarily disagree with the fair market reimbursement, I would have to do some research into the reality of it. My initial reaction is it wouldn't happen, as it would require revenue sources which they have just effectively eliminated.
    The funders of the politicians are the globalist corporation.

    The competitors of the globalist corporations are the small businesses with low overhead and better service.

    The shutdown was 100% benefit to the the large companies. That's why they were not in great opposition to the shutdowns and rules. During the shutdown we lost a few of our smaller competitors and the larger ones are just using the situation to become more predatory and targeted them to make sure it happened.

    Admittedly some businesses that went under were mercy killings. They probably would have done it themselves by the end of the year.

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    I heard that 43% of the business closures were black owned businesses. So, who's the racist here?

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    What is happening closure of businesses is the Dems goal but it also gives the impression that Republicans are too weak to stop it. The repubs need the public to be a loud voice to stop it.

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