10,000 U.S. Restaurants Have Closed Since September | Beaufort County Now | The only way to describe this is ‘catastrophe.’ Around 10,000 restaurants have closed — just since September. | john locke foundation, restaurants, businesses, closings, december 9, 2020

Coronavirus Disease 2019 (COVID-19)

10,000 U.S. Restaurants Have Closed Since September

Publisher's Note: This post appears here courtesy of the John Locke Foundation. The author of this post is Donna Martinez.

    The only way to describe this is 'catastrophe.' Around 10,000 restaurants have closed — just since September. Some will never open again. Others don't know what's ahead, as CBS reports.

  • Restaurants are struggling with high levels of uncertainty, ranging from a decline in customer demand to local COVID-19 restrictions, said Ashwin Deshmukh, the owner of Short Stories, an all-day cafe and bar in New York City's Bowery district.
  • Owners are "really worrying about not being able to cover fixed costs" amid what he calls the "demand destruction" caused by the pandemic," Deshmukh told CBS MoneyWatch. His restaurant got funding through the PPP and the federal Economic Injury Disaster Loan program, which helped cover losses from the initial shutdown this spring.
  • "But it doesn't cover 50% demand destruction and no predictability this summer," he said. At the same time, Deshmukh's costs are higher due to spending about $100 per week on personal protective equipment, as well as investing in building an outdoor dining area.

    So how do we balance a very real public health crisis with a very real economic crisis? Forced shutdowns, like those we've endured here in North Carolina, are making the economic crisis worse. Now Gov. Cooper has cracked down again, imposing a curfew on people and businesses.

    The John Locke Foundation research team has, for months now, provided important context to the challenges we face. Most recently, JLF Senior Fellow Joe Coletti talked with me about his new COVID-19 Misery Index, which looks at North Carolina's deaths and job losses to give us a more comprehensive look at where we stand, and how we compare with other states. I hope you'll watch our conversation below.



Latest Op-Ed & Politics

The year ended with a record-breaking $3.1 trillion deficit and, as usual, the U.S. government managed to blow tens of billions on a myriad of wasteful projects that should provoke outrage among tax-paying Americans.
Sherry-Lynn Womack finds herself in the proverbial hot water. Her crime? Womack went up to Washington, D.C., for the rally for Donald Trump on Jan. 6.
House Speaker Nancy Pelosi (D-CA) will deliver an article of impeachment against former President Donald Trump to the Senate on Monday, Senate Majority Leader Chuck Schumer announced Friday.
Protecting the Club is more important than standing on principle
It’s so easy to let jealousy trump good sense. I think that’s what a ‘wealth tax’ is all about.
In this installment, we will discuss the "controversial" Gospel of Judas and how it can be used to decipher cryptic messages made by actors portraying the role of "Judas" in the current political arena..
The North Carolina Council on Health Care Coverage held its last meeting today to finalize principles to help guide Governor Roy Cooper and legislative leaders as they consider options to increase affordable and comprehensive health coverage for North Carolinians.


At the Request of President Biden, Acting Secretary of Education Will Extend Pause on Federal Student Loan Payments
She's impressive and hopefully isn't finished in public service.
Chicago prosecutors say 36-year-old Aditya Singh lived in the city’s O’Hare International Airport for three months to avoid flying home to Los Angeles, California, amid the coronavirus pandemic.
Are you spending your precious time wisely, or are you a pawn, an infinitesimal cog, in someone else's Global Plan?
As of Jan. 18, North Carolina had received about a million doses of COVID-19 vaccines.
Come with us on Part II of Wolfman and The Guardians' journey through the streets of our nation's capitol. These stories are only available exclusively here at BCN!
Joy Pullmann of the Federalist explains how right-of-center partisans can respond well to a Biden presidency.


Joe Biden, a man with the mental acuity and awareness of an oyster is now in the White House, where he will be taken by the hand, guided into a closet and handed some coloring books to keep him busy while Kamala Harris runs the government
Kevin Daley of the Washington Free Beacon highlights one of the consequences of this month’s Capitol riots.
Most college professors applaud what American higher education does and want to see it expand to include even more students.
The leftwing nuts hate Trump and now the hate anyone who supported Trump. Next is Franklin Graham
She is tiny in frame, only 4 feet, 8 inches tall, but Sherry-Lynn Womack, a Lee County School board member who is starting her second term, is standing tall against a liberal driven backlash for exercising her First Amendment rights.
Before he left office, former President Donald Trump ordered the Secret Service to continue protecting his children for the next six months.


Back to Top