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Businesses may be reopening, but they're still struggling to pay their rent.About 40% of major retailers didn't pay their rent in May, according to numbers from data firm Datex Property Solutions.Some companies are warning they won't be able to pay rent for months. Starbucks for example is asking for landlords to adjust lease terms and rent for at least 12 months.It's an even worse situation for some small businesses.“I would think landlords ordinarily are not that sympathetic, right, because they can get somebody else to pay the bill,” said Jack Strauss, an economics expert and professor at the University of Denver. “In this case, a landlord is foolish to ignore the struggling small business.”Strauss says it will be difficult for landlords to find a new tenant quickly, so they have an incentive to delay or partially reduce rent.Businesses in malls are getting hit especially hard. The country's latest mall owner recently sued Gap over three months of unpaid rent.“Being sued kind of makes sense by the landlord to take a heavy hand, but at the same time, it doesn't make sense because they're going to have a lot of, they're potentially going to have a lot of empty spaces,” said Strauss.Punchbowl Social, a national restaurant and entertainment spot just closed one location in the Denver area and one in the Chicago area, acknowledging that landlords are trying to ensure the success of their business.But the CEO says, "landlords cannot expect to maintain status quo economic terms that were negotiated in pre-pandemic times."Strauss agrees with that. He thinks landlords should provide one-year temporary rent reductions to businesses, just like many workers are taking pay reductions right now.He says after a year, the landlords and businesses can renegotiate their rent. 1799
By now you’ve?heard: WB?isn’t going to?Hall H?this?year. We’re so sad to miss you there! And waiting until Dec. to start our official?#WW84?campaign in full--??But the truth is… we can just… barely… wait… pic.twitter.com/QllFzhYRA6— Patty Jenkins (@PattyJenks) June 5, 2019 287
CARLSBAD, Calif. (KGTV) – At a virtual hearing on Tuesday, a San Diego judge ordered that the name could be revealed of the teenager who’s accused of killing a woman on a Carlsbad trail. Images of his face, however, were ordered to remain private.17-year-old Haloa Beaudet's defense counsel denies the allegations.He is suspected of stabbing Lisa Thorborg on Hosp Grove trail in November. “His DNA was found on the victim. We have him running on surveillance camera [video] away from the murder scene in a time that's consistent with the time of death,” said a detective.The prosecution showed a surveillance camera image of him running barefoot on the street, away from the trail at 11:25 a.m. on the day that Thorborg died. “We feel that she died at about 11:10 a.m. so that's about 15 minutes after she was murdered,” said the detective.Other surveillance camera images that were shown in the hearing captured the teen on the same trail in the days after the murder.Detectives said that a few days later, he was arrested for prowling on the trail. Once taken into custody, a sample of his DNA was taken. “Ultimately, they found that DNA from [Haloa’s swabs] matched the male DNA on Ms. Thorborg's shorts,” said a detective.Detectives also said that a pair of flip flops that they believe belong to the teen were discovered near Thorborg. His defense attorney argued that Thorborg may have discovered and picked up those flip flops, which was how she got his DNA on her.The teen's attorney said that there's no motive for a murder. His grandmother told the judge that he has no history of violence.The judge decided that the case can move forward.Beaudet’s next hearing is scheduled for January 25th.The teen is ordered to remain in-custody for the time being. 1770
Caesars Windsor has announced that due to ongoing labor disruption and temporary closure, they will be making the "difficult yet necessary" decision to cancel hotel reservations and postpone Total Rewards promotions scheduled for the remainder of May. Performances for May have also been postponed until a currently undetermined date. These include: Pitbull, May 25; Le Brice, May 26; and Daniel O'Donnell, May 27. 432
BUFFALO, N.Y. (WKBW) — It’s a conversation no one wants to have, but for many it’s necessary.“You don’t know what’s going to happen if one of us is left alone,” said Amy Paoletti of Williamsville.Getting life insurance in a COVID-19 world has Paoletti and her husband looking at their options.“You see so many people of all ages dying and no one has anything covered because it just happened,” she said.Paoletti says with owning her own business, Amy’s Fine Jewelry in Williamsville, New York, and her husband working in healthcare, they’re both in contact with many people daily.They’re looking at their life insurance options in case something were to happen to either.“They look at your age, your health and your lifestyle,” said Demetrius Mack, owner of MackBarr Group. Mack helps people with financial literacy and sells life insurance.“We’re in a situation where it’s important that we’re proactive instead of reactive,” he said.Mack says the COVID-19 pandemic has made it harder for people to get life insurance, partly because the underwriting process is taking longer.He says If you’ve had COVID-19 or have a risk for COVID-19, insurers don’t consider you as healthy as someone else, and that could mean if you are approved for a policy, you’ll be paying more.“If you’re more suspect to COVID-19, you’re going to have to fit a certain criteria in order to get said policy,” he said.A lot of people are looking to get life insurance to protect their loved ones if something were to happen.“Making sure you save that money and that you have life insurance,” he said. “The only guarantee we have in life is death, and unfortunately when that time does come you leave people you care about in a really tough situation,” he said of those who do not have the insurance.Mack says if there ever were a time to look into financial planning and your financial future, to make sure you and your family can make ends meet, the time is now.This article was written by Hannah Buehler for WKBW. 1996