Hello All!

It came to my attention just a couple days ago, that there is at
least one covid consequence affecting a local business in my
town.

I drove by on my way home yesterday and took this shot:

URL: https://susepaste.org/16508994

"Everything Must Go Including Fixtures" - probably means that
they have no plans to recover in the business.

My province is easing restrictions this week, but the news comes
much too late for some.

I am not sure what other businesses in my town are borderline
banckrupt.

This outcome wouldn't be necessary if only the banks and
creditors could synchronize the reduction of economic activity
with their own expectations too.

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Re: a covid consequence in retail
By: Ogg to All on Wed Feb 10 2021 12:24 am

Hello All!

It came to my attention just a couple days ago, that there is at
least one covid consequence affecting a local business in my
town.

I drove by on my way home yesterday and took this shot:

URL: https://susepaste.org/16508994

"Everything Must Go Including Fixtures" - probably means that
they have no plans to recover in the business.

My province is easing restrictions this week, but the news comes
much too late for some.

I am not sure what other businesses in my town are borderline
banckrupt.

This outcome wouldn't be necessary if only the banks and
creditors could synchronize the reduction of economic activity
with their own expectations too.

That sucks.

I am paying more in taxes than credits myself. I see the government as a bigger threat here since they have cranked the taxes
up giving nothing in return, while everybody goes down the drain.

I mean, when covid hit most of the institutions I owe money too were quite reasonable stalling some billings etc.

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Re: a covid consequence in retail
By: Ogg to All on Wed Feb 10 2021 12:24 am

This outcome wouldn't be necessary if only the banks and
creditors could synchronize the reduction of economic activity
with their own expectations too.

I'm appalled by the financial sector who are leveraging the economic failure throughout the world to benefit themselves. The growth in the market is ridiculous, showing that they are clearly benefitting from the pandemic. Look, small businesses need as much help as mid-sized businesses. If a bank can loan a big business $10, $20, or even a $100 million, they can easily loan the small business $100K to ensure they can get product in and out the door. Maybe the terms are repayment over 2 or 4 years, but at least the company can survive.

Brian Klauss <-> Dream Master
Caught in a Dream | caughtinadream.com a Synchronet BBS

---
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Ogg wrote to All <=-

My province is easing restrictions this week, but the news comes
much too late for some.

Retailers tend to operate on slim margins in the first place. But here
in the U.S., if you are a big retailer, you got to stay open and they didn't enforce the rules as hard. Small retailers got shafted.

Then there was the big upswing in mail order this last year.

But some companies were not doing well before COVID and the lockdowns
were just the final straw.

I'm expecting to see some big name retailers either shrink or declare bankruptsy soon.

This outcome wouldn't be necessary if only the banks and
creditors could synchronize the reduction of economic activity
with their own expectations too.

Banks borrow money from the Fed. and the Fed. wants their interest too.


... I'm spending a year dead for tax purposes.
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Re: a covid consequence in retail
By: Ogg to All on Wed Feb 10 2021 12:24 am

Hello All!

It came to my attention just a couple days ago, that there is at
least one covid consequence affecting a local business in my
town.

I drove by on my way home yesterday and took this shot:

URL: https://susepaste.org/16508994

"Everything Must Go Including Fixtures" - probably means that
they have no plans to recover in the business.

at my company we have had important suppliers go out of business last summer. these are places that have been open for 50-100 years.

a lot of restaurants couldnt survive in my city, of course. people on fb were saying their favorite restaurant was doing great via carry out but then you'd hear about it closing a month or so later. nobody is doing great or even ok.
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Re: a covid consequence in re
By: Dr. What to Ogg on Wed Feb 10 2021 09:22 am

But some companies were not doing well before COVID and the lockdowns
were just the final straw.

I'm expecting to see some big name retailers either shrink or declare bankruptsy soon.

There's one of those self-enclosed communites that was built back in 2004 here in Colorado (just outside of Denver). They had a couple anchor stores, such as Dicks, Staples, a movie theater, and a gym, as well as bunch of other shops like Victoria's Secret, Bath and Body Works, Foot Locker, etc., and a bunch of apartments and condos throughout. They filed bankruptcy for owing the city $108 million of $111 million. They are claiming COVID caused their problem.

COVID.

And I quote, "Kent Karber, an attorney with Holland and Hart law firm who specializes in commercial real estate and represents a lender on the Belmar property, said shutdowns as a result of the COVID-19 pandemic are likely playing a role in the shopping center's financial struggles." (9news.com)

COVID.

Seriously?!?! They paid $3 million in 17 years of existing. $3 million. This wasn't COVID.

I understand the claim that COVID is causing a lot of issues, but some businesses are using COVID as the great excuse instead of admitting "they fucked up."

Brian Klauss <-> Dream Master
Caught in a Dream | caughtinadream.com a Synchronet BBS

---
þ Synchronet þ Caught in a Dream - caughtinadream.com

MRO wrote to Ogg <=-

at my company we have had important suppliers go out of business last summer. these are places that have been open for 50-100 years.

I just read a (rather sad) article about some of the companies that will
be going out soon. Some were hurting before COVID and that was the last
straw. Others just couldn't cope with the changes.

a lot of restaurants couldnt survive in my city, of course. people on
fb were saying their favorite restaurant was doing great via carry out
but then you'd hear about it closing a month or so later. nobody is
doing great or even ok.

Our favorite restaurant makes a large amount of its money on alcohol sales.
So for it to be closed, all those bar sales are gone and that's going to hurt. On top of that, their food didn't translate well to carry out. We tried it
a couple of times and it simply didn't work.

In my area, there were some places like that who closed down temporarily,
but rented out their food preparation to someone else for the duration.
They set up a different menu - that was more suited for carry out - and
paid the rent.


... A nudist has no reason to fear a pickpocket.
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Hello Arelor!

** On Wednesday 10.02.21 - 03:08, Arelor wrote to Ogg:

I drove by on my way home yesterday and took this shot:

URL: https://susepaste.org/16508994

That sucks.

I am paying more in taxes than credits myself. I see the
government as a bigger threat here since they have cranked
the taxes up giving nothing in return, while everybody goes
down the drain.

My town is also simply looking to up the taxes by a fairly large
margin to cover upgrading water and sewage lines and the for the
cost of delivering water.

There are several buildings in my town with normally available
space for retail operation that have remained empty for many
years (about 3 to 5 years now). Either the landlords are simply
too greedy or the town imposes too much burden on the owner of
the space.

Too bad there isn't a more copasetic relationship between
landlord/owner and the town that would foster getting the units
rented and occupied.

Anyway.. I found out a bit later that the owner of the biz also
owns the building, so his "exit strategy" is better than most
others can hope for. The build has been sold and he has less
than 90 days to vacate. But if that place turns out to be
another "professional" building (medical, insurance, real-
estate..), I am going to shit my pants.

I mean, when covid hit most of the institutions I owe money
too were quite reasonable stalling some billings etc.

Same here. My suppliers are very very patient with me. Most of
them have extended their credit terms by an extra 30 to 60 days.

--- OpenXP 5.0.48
* Origin: Ogg's Dovenet Point (723:320/1.9)
þ Synchronet þ CAPCITY2 * capcity2.synchro.net * Telnet/SSH:2022/Rlogin/HTTP

Ogg wrote to Arelor <=-

My town is also simply looking to up the taxes by a fairly large
margin to cover upgrading water and sewage lines and the for the
cost of delivering water.

Same here. We used to have a large manufacturing facility that needed clean water. The treatment plant that they built made far more than they needed
so they sold the "overflow" to the city. But the facility is gone, the treatment plant is gone and the city has to provide.

The main reason the facility is gone: Gov't over-regulation and blame
shifting.

The blame shifting is interesting. Here's the short version:
So back in the 1970's, they used a chemical that was considered fairly safe
in their processing. Following all gov't regulations, they used it and disposed of it in accordance with the law. But now they find that large quantities can cause health problems. So the gov't has effectively
sued the company out of the country. It's sort of like getting a ticket
for speeding - for driving 50 MPH in 1970, but in 2020 they changed the
speed limit to 15.

There are several buildings in my town with normally available
space for retail operation that have remained empty for many
years (about 3 to 5 years now). Either the landlords are simply
too greedy or the town imposes too much burden on the owner of
the space.

Greedy landlords is probably not the problem. Landlords have to pay
property tax, so having property just sitting is not a good idea.

The usual reason is gov't regulation. I know of many in my area that
make it hard for businesses, and I'm sure that I'm only scratching the
surface of that.


... When your IQ hits 21, SELL!!
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