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https://www.nytimes.com/2020/05/03/business/j-crew-bankruptcy-coronavirus.htmlquote:J. Crew, the mass-market clothing company whose preppy-with-a-twist products were worn by Michelle Obama and appeared at New York Fashion Week, filed for bankruptcy protection on Monday. It is the first major retailer to fall during the coronavirus pandemic, though other big industry names including Neiman Marcus and J.C. Penney are also struggling with the toll of mass shutdowns. So it died WITH covid-19 not from it?
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May 4, 2020 14:23
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lol the body count from private equity leveraged buyouts and Soprano-style lootings continues
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May 4, 2020 14:24
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facetoucher cat posted:https://www.nytimes.com/2020/05/03/business/j-crew-bankruptcy-coronavirus.html Naming my private equity firm COVID-19
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May 4, 2020 14:24
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See you take 19 highly contagious diseases, label them 1-20 while skipping a random number, then let them into the wild. Everyone will be running around trying to find that 20th disease lol
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May 4, 2020 14:26
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lol i am glad the local news is v happy about san francisco golf courses, that had been turned into parks/recreation space, can now be reopened for golfers again due to lifted corona restrictions.
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May 4, 2020 14:29
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For a second I thought Ireland was actually sending relief aid, but no its just a large amount of irish citizens contributing to a gofundme loving lol
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May 4, 2020 14:31
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The corporate media is addicted to outliers and human interest stories to keep you distracted. All throughout March they kept on running pieces about miracle recoveries from taking plaquenil while ignoring entire ICU wards of patients where the drug didn't work.
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May 4, 2020 14:33
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theflyingexecutive posted:the average nfl career lasts 4 years lol yeah i know but you can make more than most workers will in a lifetime in that short period.
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May 4, 2020 14:36
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GATES FOUNDATION posted:The corporate media is addicted to outliers and human interest stories to keep you distracted. All throughout March they kept on running pieces about miracle recoveries from taking plaquenil while ignoring entire ICU wards of patients where the drug didn't work. Every drat time the local news here reports on infections and deaths, it's about 15 seconds, followed by a good minute of "but here's the good news, look at how many people have recovered," which is then followed by something else distracting. In a way I sorta miss that palpable tension of the first week, because at least then it felt like people were taking it somewhat seriously.
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May 4, 2020 14:41
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Pittsburgh Fentanyl Cloud posted:lol the body count from private equity leveraged buyouts and Soprano-style lootings continues Sooner or later the private equity ponzi scheme will come crumbling down right?
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May 4, 2020 14:42
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facetoucher cat posted:J. Crew was carrying a debt burden of $1.7 billion based on a leveraged buyout in 2011 by two private equity firms "Patient who died after having all his blood sucked out by leeches also tested positive for COVID-19 so it was deffo the pandemics fault"
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May 4, 2020 14:42
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facetoucher cat posted:https://www.nytimes.com/2020/05/03/business/j-crew-bankruptcy-coronavirus.html It's not dead (unless you are a shareholder, which I think was just some other private equity fund anyway), the creditors own it now and are going to keep it running.
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May 4, 2020 14:44
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limaCAT posted:Sooner or later the private equity ponzi scheme will come crumbling down right? i mean eventually they will run out of businesses that are not amazon disney or walmart to buy and gut for profit so yeah?
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May 4, 2020 14:46
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dew worm posted:I see a lot of Boomers in N95’s, which is strange because they were suppose to be difficult to come by. personally spoken to three rural boomers who’ve told me they heard on Fox News to go look in their garage / basement / shed for masks and found 3M N95 masks they’d purchased for project work or whatever
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May 4, 2020 14:47
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NofrikinfuN posted:airlines should have been a national service like the post office decades ago reminder that the republicans are trying to bankrupt the post office by making it have a hundred years worth of pensions so they can completely privatize it and crush mail carriers out of spite
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May 4, 2020 14:47
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Iron Crowned posted:There was no federal anything, it was all state and local action. Not to mention I'm sure at least a handful of business closed on their own accord because someone hasn't become a complete capitalist monster yet. the entire entertainment business shut itself down within 24hrs of the nba deciding to do it. that was march 12th a week before california or new york. entertainment is how i pay my bills so i'm probably biased, but in my drug-addled headcanon the nba was our most effective federal crisis response team
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May 4, 2020 14:48
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https://mobile.twitter.com/morningmoneyben/status/1257286360337170433quote:We’ve had one bad GDP number and lots of really bad unemployment claims numbers (and will get another on Thursday). But the true ugly toll of the Covid-19 impact on the American economy will punch us all in the face on Friday morning at 8:30 a.m. when the government reports the April jobs numbers.
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May 4, 2020 14:49
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number will still go up because the rich people have decided that the invisible hand shouldn’t be invisible anymore
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May 4, 2020 14:50
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pretty cool that the mass job losses from covid-19 is a uniquely american phenomenon
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May 4, 2020 14:51
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Burn Zone posted:personally spoken to three rural boomers who’ve told me they heard on Fox News to go look in their garage / basement / shed for masks and found 3M N95 masks they’d purchased for project work or whatever Even my under 40 year old friends did this, anyone who wanted to do home remodeling themselves (which is a lot of them ) had n95s laying around
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May 4, 2020 14:52
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mastershakeman posted:Even my under 40 year old friends did this, anyone who wanted to do home remodeling themselves (which is a lot of them ) had n95s laying around i don’t know anyone under the age of 40 who owns a home
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May 4, 2020 14:52
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ChristsDickWorship posted:the entire entertainment business shut itself down within 24hrs of the nba deciding to do it. that was march 12th a week before california or new york. entertainment is how i pay my bills so i'm probably biased, but in my drug-addled headcanon the nba was our most effective federal crisis response team Basically. What I'm looking forward to is in a month or two when the entertainment industry runs out of what they have in the can, especially since this was an Olympic year and no one really counter programs for that. We're going to have a dead summer for entertainment and it's going to make the boomers loose their poo poo.
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May 4, 2020 14:53
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Why’s the news only ever report sad stuff
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May 4, 2020 14:53
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ChristsDickWorship posted:the entire entertainment business shut itself down within 24hrs of the nba deciding to do it. that was march 12th a week before california or new york. entertainment is how i pay my bills so i'm probably biased, but in my drug-addled headcanon the nba was our most effective federal crisis response team I was convinced March madness was going to be a series of superspreader events and when the NBA shut down and college ball got cancelled instantly I had hope for like a week that we'd come out of this with fewer than 1m dead because obviously it was a huge deal and people would realize it Woops
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May 4, 2020 14:54
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May 4, 2020 14:55
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Burn Zone posted:i don’t know anyone under the age of 40 who owns a home Try living in the Midwest Also "own" means "has giant mortgage"
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May 4, 2020 14:55
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mastershakeman posted:Try living in the Midwest that owns
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May 4, 2020 14:55
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"The communist party could have prevented this" 
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May 4, 2020 14:55
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https://mobile.twitter.com/WhiteHouse/status/1256985116863332353 1. Hate Group leader Tony Perkins article being tweeted out by white house. 2. Is that a pentagram?
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May 4, 2020 14:57
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facetoucher cat posted:https://twitter.com/thehill/status/1257273801127022592 Well, I believe him. There's no way a CEO would lie and put people at risk in pursuit of profit, right?
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May 4, 2020 14:58
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mastershakeman posted:Try living in the Midwest yeah but i can call myself a home owner, right?
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May 4, 2020 14:59
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A Gnarlacious Bro posted:Why’s the news only ever report sad stuff You never hear about local problems, but you can damned well be sure that you hear about it when a cop dies in Bumblefuck, LA, it's loving national news.
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May 4, 2020 14:59
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Time to reopen everything
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May 4, 2020 14:59
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Iron Crowned posted:Basically. iatse apparently put together their safety guidelines for returning to work, i'm interested to see them. venues and promoters can pretty easily scab their way through concerts and probably lower budget movies/tv stuff, but there aren't a lot of non-union folks that know how to operate a $20mil sports broadcast truck
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May 4, 2020 15:00
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Relevant Tangent posted:reminder that the republicans are trying to bankrupt the post office by making it have a hundred years worth of pensions so they can completely privatize it and crush mail carriers out of spite id love to hear what lenders have to say about that, because 90% of the mail i get is from loan offers and the remaining 10% is bills that for some reason are not paperless i wonder how much more ups and fed ex will charge for shipping after the collapse
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May 4, 2020 15:00
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a.lo posted:yeah but i can call myself a home owner, right? Call yourself "takes a year of non-payment to get evicted instead of a week like filthy renters"
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May 4, 2020 15:00
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Iron Crowned posted:Basically. It sucks they cancelled the Olympics, they could have social distanced like 90% of the events
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May 4, 2020 15:01
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Inceltown posted:https://video.twimg.com/ext_tw_video/1256924470020890624/pu/vid/1280x720/jwXN-gVQHMPZdCB5.mp4 #gotem
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May 4, 2020 15:02
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Iron Crowned posted:Basically. Its mind boggling that in the age of streaming people are going to go nuts if the next series of marvel movies aren't coming out Like I have literal decades worth of stuff I can watch just on Netflix
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May 4, 2020 15:02
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Pittsburgh Fentanyl Cloud posted:pretty cool that the mass job losses from covid-19 is a uniquely american phenomenon Spains GDP per capita is $20k lower than the US and they are getting UBI and we are getting a one time payment of $1200* *maybe, if youre not too rich, too poor or an immigrant
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May 4, 2020 15:03
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