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The restaurant industry has been reshaped in the past six months. We’ve seen more pivots to take-out and outdoor dining, but could we see a more drastic shift.New data from Bank of America shows sales at independent chains are still down about 15%."Right now, it is just sad. People are exhausting their personal savings. They are shutting their businesses and they just don’t know what to do,” said Andrew Rigie.Rigie is with the New York City Hospitality Alliance. In NYC alone, at least 1,289 restaurants have closed since March, according to the Office of New York Comptroller. Across the country, Yelp has gathered data from its platform that show that number is around 16,000.“It’s a really dire situation,” added Rigie.The situation is the direst for independent restaurants, because the same Bank of America study that showed sales still down 15% at mom and pop restaurants, shows chain restaurant sales are now up 2% higher than they were pre-pandemic.Industry experts believe a continuing trend of these numbers could reshape the industry.Chains restaurants are now in a better position to replace space occupied by folded restaurants or struggling ones, potentially shifting the flavor of the restaurant industry toward chain food.“I’m not knocking or saying there is anything bad about a chain, but we really want our beloved mom and pop businesses,” said Rigie. "We really need support from the federal, state and local governments to ensure these places are able to recover.”Legislation was presented to Congress in June, the Restaurants Act, to help struggling independent restaurants with grant money. However, there has been no vote on the bill or any signs it could pass.Without additional help, the latest estimate by the Independent Restaurant Coalition is that upwards of 85% of independent restaurants could fold by the end of the pandemic. 1870

The U.S. government is officially investigating Facebook.The Federal Trade Commission confirmed in a statement Monday that it is currently investigating Facebook data practices as the company faces new scrutiny from the Cambridge Analytica scandal."The FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook," said Tom Pahl, acting director of the FTC's Bureau of Consumer Protection. "Today, the FTC is confirming that it has an open non-public investigation into these practices."News broke earlier this month that Cambridge Analytica, a data firm with ties to President Donald Trump's campaign, reportedly accessed information from about 50 million Facebook users without their knowledge.CNN reported last week that the FTC was sending a letter to Facebook with questions about how the social media company allowed the data to wind up in the hands of Trump campaign consultants.Facebook stock was down 4% in early trading Monday.Reps for Facebook did not immediately respond to a request for comment.  1077

The turnaround at SeaWorld might be real.The theme park owner reported that visitors to SeaWorld grew 5 percent for the quarter, the second consecutive quarter that attendance rose.Sales and attendance figures topped forecasts, and shares surged more than 15 percent to a four-year high. Its stock is up more than 80 percent this year.SeaWorld has struggled since a documentary called "Blackfish" aired in theaters and on CNN in 2013. The film focused on an orca that had killed people, including a trainer, and suggested that the conditions in which it was confined at SeaWorld contributed to its violent behavior. The company has disputed certain points in the documentary.Interim CEO John Reilly said new rides, discounted prices for annual passes and a new marketing strategy that focuses on animal rescue efforts helped push the good results. Reilly took over from former CEO Joel Manby in February after Manby failed to stop a long slide in visitors."We are pleased with our strong second quarter financial results and the continued momentum we see in the business," Reilly said in a statement.The rise in visitors coincided with the start of the summer, when kids are off from school and families take vacations. Some analysts had dismissed a first quarter attendance surge because it came at a slow time for amusement parks.SeaWorld also owns the Busch Gardens and Sesame Place theme parks.But its SeaWorld parks draw the most scrutiny.In addition to the "Blackfish" documentary, the company has been targeted relentlessly by the animal rights group PETA.In an attempt to rehab its corporate image, SeaWorld announced in 2016 that it would stop breeding orcas in captivity and also end its orca shows at its San Diego theme park. They continue elsewhere.But PETA is not enamored of the changes.PETA owns a tiny stake -- 339 shares -- in SeaWorld, with the hopes that it can urge other investors to put more pressure on management for bigger changes."We find that many families who recently went to SeaWorld say they'll never go back after what they saw. Shareholders should be wary," PETA executive vice president Tracy Reiman said in a statement to CNNMoney."This summer's events show that although the marine park may have a few upward blips, it's on a downward trajectory that won't stop until the animals are out of the tanks and in coastal sanctuaries," Reiman added.While PETA may still not be satisfied with some of the changes, SeaWorld has put another problem behind it.The company said Monday that it had reached a settlement with the Securities and Exchange Commission over an investigation into certain "disclosures and public statements" made by SeaWorld.SeaWorld said it did not admit or deny any of the SEC's allegations and that it recorded a million charge in the quarter to settle the matter. 2834

The three-star general is leaving Puerto Rico, ending his mission of providing relief from the devastation of Hurricane Maria.Troops are being pulled out, too, along with helicopters that have flown supplies and equipment to communities cut off by landslides and broken roads.Yet government statistics say power is still not on for more than half of homes and businesses, and water is out for more than 1 in 10.Lieutenant General Jeffrey Buchanan recognizes that Puerto Rico is far from back to normal, but seven weeks after the hurricane hit, he insists the time is right to pass the baton."I think we're in the right place to transition," he tells CNN on the last day of his deployment. 696

The skies started darkening over Lake Charles, Louisiana, on Wednesday, as Hurricane Laura trekked toward the state.People planning to hunker down at home raced to a local home supply store.“My wife didn't want to travel this time,” said resident Robert Deboest. “So, we decided to go head on and kind of stick it out.”That includes Adam Johnson, who was busy buying plywood to cover the windows of his home.“It was like a sheet,” he said.Johnson moved to the Lake Charles area several years ago from Colorado. Laura will be the first hurricane he experiences.“[The] duplex I live in was built in 2015, so it should be pretty secure,” Johnson said.Others, though, feel far less secure.“I was going to stay because I didn’t have nowhere to go,” said resident Yvonne Lancto.However, local officials made arrangements at the Burton Coliseum Complex in Lake Charles for anyone wanting to evacuate, with the National Guard and dozens of buses ready to carry evacuees out of the danger zone and to shelter.Just a few days before her 77th birthday, Lancto chose to flee the storm.“I feel more safer now (sic),” she said, shortly before boarding a bus, “Because I was gonna have to drive - I was scared.”What is scaring a lot of people in Lake Charles is not just the potential for Category 4 winds from Hurricane Laura, but massive storm surge, especially along the coast – which can easily swamp the first floor of a building.Paul and Wanda Bertrand said that is why they are getting out of their home in coastal Cameron Parish.“I’m ready to get back you know,” Paul Bertrand said. “I just left and I’m ready to get back already.”His wife, Wanda, said their lives were far more important and hopes that evacuating will only be temporary.“Hopefully, this will be over soon,” she said, “and we can get back home and everything will be like it was normal.”It’s a normalcy that Hurricane Laura will put to the test. 1917

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