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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 Singapore Tourism Board is partnering with two cruise lines to provide cruises that won't visit any ports.The agency announced the pleasure cruises would operate at a 50% capacity, round-trip with no stops, and only open to Singapore residents."To provide assurance for safe cruising, the Singapore Tourism Board (STB) is developing a mandatory CruiseSafe certification program, which sets out stringent hygiene and safety measures throughout the passenger journey – from prior to boarding, to after disembarkation," the agency said in a press release.Before the ships can set sail, they must follow strict protocols to ensure everyone's safety, including passengers taking a mandatory COVID-19 test before boarding, providing 100% fresh air throughout the ship, and frequent cleaning.The Genting Cruise Lines' World Dream will begin sailing Nov. 6, and Royal Caribbean International's Quantum of the Seas will begin sailing in December, the agency said. 966

The U.S. has now seen two straight weeks in which at least 100,000 people are confirmed to have contracted COVID-19 each day.On Monday, the U.S. reported 166,000 new cases of the virus, marking the 14th consecutive day with 100,000 or more new cases of the virus, according to a database kept by Johns Hopkins University.The last day new cases totaled less than 100,000 was on Nov. 2. Since then, about 1.9 million Americans have contracted the virus, the rolling 7-day average of hospitalizations across the country has increased from 50,000 to 65,000 and daily deaths on a rolling 7-day average have ticked up from 824 a day to 1,114 a day.That 14-day time span has also seen seven days in which record numbers of new cases were reported. The current record was set on Friday when 177,000 people in the U.S. were confirmed to have contracted COVID-19.The current spike in caseloads has led hospitals across the country to become inundated with patients, overwhelming resources. The COVID Tracking Project reports that most of those hospitalizations are occurring in the Midwest, where rural hospitals in places like Iowa and South Dakota are running short on bed space.The current standard was predicted in June by Dr. Anthony Fauci, the nation's highest-ranking infectious disease expert. During a Senate hearing, Fauci stunned lawmakers by predicting that the U.S. could reach a point where 100,000 people were being infected each day if "disturbing trends" continued.Fauci's comments in June came during a summer spike in cases which saw infection rates top out at about 77,000 new cases each day.The current spike in cases comes as drugmakers like Pfizer and Moderna have reported encouraging results in vaccine trial results. While both vaccine candidates are on track for Emergency Use Authorization by the end of 2020, the drug likely won't be widely available to the general public for several months — Fauci has predicted that a vaccine will be widely available in the U.S. by April. 2002

The United States is at the beginning of a second wave of significant job loss.“We are seeing a resurgence in layoffs that has been quite clearly indicated in the last couple of weeks,” said Daniel Alpert, an adjunct professor and senior fellow at Cornell University.Cornell University recently published a study showing about a third of the people who went back to work during the pandemic have now been laid off for a second time. Another 26 percent of workers have been warned by their employers that future furloughs and layoffs may soon come.“The problem is that you get an echo,” said Alpert. “So, if you have a resurgence in layoffs, a decrease in spending, that creates more contraction on the part of businesses, which creates more layoffs. The question is, when can you put a floor under this spiraling situation? It is a classic economic spiral.”The cycle--of job loss eventually leading to more job loss--is causing some to fear it could lead to a third wave of unemployment in a few months. Experts, like Alpert, believe the only way to stop the cycle would be a vaccine or for Congress to come together on another stimulus bill that props up households and businesses until a vaccine is released.“We are very concerned about the current rollercoaster effect on resumed layoffs, but longer term, we are really scared about seeing huge numbers, tens of millions of businesses vanish,” said Alpert.The more waves of unemployment we see, the higher likelihood of that. 1486

The U.S. Olympic Committee has announced Salt Lake City will be its choice in a bid for the Winter Games in 2030 or beyond."We won!" Governor Gary Herbert cheered, holding hands in victory with Salt Lake City Mayor Jackie Biskupski, Council Chairwoman Erin Mendenhall and others."This has been the culmination of a significant team effort, starting with the support of the public," the governor added.The announcement came following a meeting by the U.S. Olympic Committee in San Francisco on Friday. Salt Lake City was competing with Denver for the nomination.The International Olympic Committee is expected to pick the next host cities for future Games in 2023.Salt Lake City has argued it is uniquely situated to host another Olympics. Our venues are still operating and in excellent condition and our infrastructure is in place with billions in expansions (light rail, a new airport, etc.). There is also significant support with polls showing 89% of Utahns in favor of another bid."We feel like we’re as prepared as we could be. We have unanimity with our public officials that have lined up behind this effort," said Jeff Robbins, the president of the Utah Sports Commission.The cost to host an Olympics would also be cheaper than other cities. It would cost about .4 billion, but boosters insist it would not cost any state or local tax dollars. Instead, it would be paid for in broadcast rights, sponsorships and ticket sales."People say, 'Well, is this worth the investment?' The investment is zero! Look at all we get. Number one, we get the spotlight of the world on Utah and we get to show the world what a great state this is, what great people are here. The volunteers were fantastic last time," said Fraser Bullock, an executive for Salt Lake's 2002 Winter Olympics and the co-chair of this Olympic Exploratory Committee.Utah estimates it received more than billion in economic benefit from the 2002 Winter Olympics. Mayor Biskupski said she envisioned the next Games that Utah could host would be even better. She said there would be an emphasis on sustainability (as in, environmentally friendly) and a modern Olympics."This will be an entirely new Games and experience. We're excited to bring that vision," she said. 2247

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