The Looming Bank Collapse – “Just as easy mortgages fueled economic growth in the 2000s, cheap corporate debt has done so in the past decade, and many companies have binged on it.
Why Ta-Nehisi Coates is Hopeful – “George Floyd is not new. The ability to broadcast it the way it was broadcasted is new. But black folks have known things like that were going on in their communities, in their families, for a very long time.”
My Restaurant Was My Life for 20 Years. Does the World Need it Anymore? – It’s clear we still don’t know the long-term impact this economic retraction will have on small businesses, unemployment, etc. But one thing that is certain is there are going to be a lot of restaurants that disappear. From the wonderful Gabrielle Hamilton: “The conversation about how restaurants will continue to operate, given the rising costs of running them has been ramping up for years now; the coronavirus did not suddenly shine light on an unknown fragility. We’ve all known, and for a rather long time. The past five or six years have been alarming. For restaurants, coronavirus-mandated closures are like the oral surgery or appendectomy you suddenly face while you are uninsured. These closures will take out the weakest and the most vulnerable. But exactly who among us are the weakest and most vulnerable is not obvious.”