There’s a good chance your favorite restaurant will close permanently. Chef and owner of Crafted Hospitality, Tom Colicchio and CEO of Happy Cooking Hospitality, Gabriel Stulman join Stephanie Ruhle to explain what they need to keep food on the table. Aired on 08/04/2020.
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Restaurant Industry Fighting For Survival Amid The Pandemic | Stephanie Ruhle | MSNBC
dam these guys monthly overhead for that many restaurants probably like 100k+
And their monthly take also which comes to easily over a million a year net profits. I see why they’re complaining…….
@DYH And now, they want to be on the new “Millionaire Welfare System” AKA PPP.
YRC Worldwide, a company with ties to the White House, received a $700 million dollar bailout from the Treasury Department, one of the largest recipients of taxpayer money meant to support businesses and workers struggling amid the coronavirus.
People cant pay their bills…. the restaurant has to wait
Lots of people pay their bills BECAUSE they work at restaurants. These restaurants are also connected to food distribution, shipping, and other industries. The Catholic Church, on the other hand, protects child molesters, preaches outdated theology, and hires lobbyists to influence government policy without paying taxes. But somehow, they received $3.5 billion + that was intended for small businesses.
Who can’t? You? Go work! Restraints here are busy AF! I’m in a red state tho thakfully.
Public health is not about the individual case, as the Devine Lord Fauchi pushes. It is not even about the specific disease(CV19). Rather, public health is a about the whole picture. Singular focus on COVID has led to unintended consequences from restrictions: delayed heart disease response (surgery,pacemaker, etc.). How many have died due to cancelled scheduled surgery? Are their lives worthless cause they don’t have CV19? How many will die cause their cancer-diagnosis surgery has moved been delayed? No one reports anything about deaths from cancelled surgeries! There are a lot more issues: suicides, drug/alcohol over dose, abuse, crime, on an on. What will be the cost to health of the lost wages and unemployment affect health outcomes? What is the short and long-term impact? Politicians have crippled the economy and increased the debt that must be repaid (with interest) by our children and grandchildren. Debt servicing costs (interest payments) will take up a larger share of government budgets, leaving less money for health care. Singular fixation on COVID, when most people will not die from it ( like 99. . . % will not DIE), to the exclusion of other valid concerns and interests, is foolish and destructive. These “un-intended consequences for CV19 restrictions far outweigh the draconian measures responding to this Flu. More will die NON-Covid than high risk people will die from Covid. Trump should fund a study on this to use to re-open the economy!
Pam Deshane 👈🏼 LIAR
A solid infrastructure package could facilitate outdoor dining/shopping spaces. #SenateBlues
Both of these men own multiple restaurants and make a fortune paying most their employees below a living wage and not offering any health care insurance that’s affordable.
They have benefited from the tax policies that have been implemented by not just the Trump administration but every Republican administration since Reagan.
Now that their fortune’s might be in jeopardy they’re looking for a financial bailout so they don’t have to sell the beach house or tell their partners to cut back on the shopping, put a hold on renovation to the multi million dollar loft,brownstone, or duplex apartment on either side of Central Park!
Let them sell some property to bail themselves out! Or ask one the the private equity fund friends,who frequently drop in for a 5 star meal to help em out! But as a tax payer..NOPE!
Not interested in bailing out the wealthy….anymore!
They provide jobs for people with very minimal skills.
@ala ska I just seen another video with these guys worker being evicted cause they could not pay the rent.
This was due to no income, and not enough income to save for times like these.
AKA Service Industry Workers. Hotels, Restaurants, Bars, Etc.
@AnythingAuto They need more skills.
@ala ska I totally agree.
Next to housing construction, restaurants go broke more than any other business.
Sure most of them wish they voted differently in 2016 now
The economy is still 5% higher than the last year of Obama-Biden. And YOU thought the economy is sick.
In the spirit Jared Kushner, if they voted for Trump then screw ’em.
ALERT WE NEED A SOLUTION FOR THIS, PLEASE SPREAD THIS TO ALL – If you’re voting by mail, return the ballot as soon as possible. It’s easy. Do not wait until November. Let’s avoid a voter suppression scheme by Trump. Please share it with all… One more problem is that he can check your votes to see who you voted for before the election? Can he suppress those votes with his new general?
We’d be crazy to let the restaurant industry take this huge a hit. It would be utterly economically crippling.
Does anyone else find it revealing how much of our economy is composed of eating and drinking?
It’s kind of scary.
Others found the fact that America has the most obese people on the planet also revealing.
Like 20years ago.
Imagine the people who have student loans for tuition when they majored in the service industry. Now they have no jobs and still owe the student loans. Well Warren and Bernie wanted to give people relief from student loans, a living wage, and health care. Dems did not vote for them but chose Biden instead. Good Luck, you are on your own.
when restaurants get rid of illegal workers I’ll give a crap if they go bankrupt or not
Schools, unemployment insurance, local and state government, elections, post office, child care, health care workers, testing….. hey restaurants, get in line.
Too bad your ‘government’ is so inept and so disregarding of the American people.
Of course it is. That’s why we always want smaller government.
Those landlords received a lot of money through the loan processes, they’re double dipping attacking their renters for money already paid by the government
Why are restaurants more worthy of a bailout than ALL of the other small businesses that are now in trouble?
I do not feel sorry for either of these guys. they have multiple restaurants and are most likely rich. I feel sorry for their employees. These guys are not hurting at all. Next time, bring on the mom and pop restaurant owners, not guys like these.
Hasn’t it been a wonderful four years under the Trump Administration?😧
The economy today is still 5% higher than in 2016 and I’ve got a list of 39 other accomplishments.
sorry, I don’t want to die. I’ll get takeout!
Oppression and murder is success until the policy is applied to you.