Posted on 04/23/2020 6:08:24 AM PDT by Bruiser 10
Entertainment did very well during the Great Depression, as people looked to distract themselves for a few bits.
The same could occur here, though in an online environment. A challenge for Broadway theaters, no doubt, but Hollywood should find ways to adjust.
All these people on here with older low mileage vehicle must have already been doing a lot of sheltering in place.
My ‘17 Flex has over 60,000 miles. Of course I live 40 miles from civilization unless you count the little county seat with a mini-Walmart and a single grocery store.
Destroy fracking, and get whipsawed by oil price doubling, and fuel insecurity forcing us to depend on undependable suppliers. Trump ain’t buying that. I wonder if the public will, either.Airlines are not resilient at all - they have thin margins at the best of times, now they have negative. There will be a massive shake-up
OTOH with oil cheap and airliners available at distress prices, what’s gonna happen in the air freight industry??And, at the margin, the seaborne freight industry. Speaking of which, with the emphasis on supply security, what’ll that do to shipping generally? Maybe marginal improvement in RR freight?
You make a good point. At big crises in history, informal/black market/side hustle commerce always booms. No wonder governments want to drive us toward a cashless economy.
I already have a 2020 Corvette Hardtop Convertible on order.
Not sure if they will build the HTC as a 2020 Model with the Kung Flu shutdown.
They are already way behind on the Coupes and the HTC wasn’t scheduled to start Production until April anyway.
If they delay it to the 2021 Model Year I’m not sure what I will do. I doubt they will sell it for the 2020 Price if that’s the case, even though I think they should.
It would mean I would have to start my order from scratch. I put a Deposit on it over six Months ago.
The Financing Deals they have going on now almost make me want to buy a new Pickup Truck, almost...
NONSENSE!
You can only afford to drive your old car until it needs repair. That’s when you find out just how much this USED car is really costing you. (unless, of course, you can fix it yourself) which is getting harder and harder to do.
We NEVER pay for a car repair! (for my wife’s, our family car).
Minimum 3 year/36,000 mile, bumper to bumper warranty that we never reach, before buying another new car. Rinse and repeat.
The wire services - which are a nineteenth century solution to the 19th/20th Century problem of expensive telegraphy bandwidth - inherently produce a (singular, even tho wire services be plural) “objective journalist” cartel. The AP dates back a decade before the Civil War (tho a map of telegraph lines in the country in 1860 showed a “spider web” of interconnections, whereas the South allowed only one single line). The Sherman AntiTrust Act dates back only to 1890.Prior to 1890, at least, the AP was aggressively monopolistic in suppressing any other wire service. Any telegraph line startup would be offered enough money to cover its operating expenses by the AP - with the proviso that no other news traffic would be carried on that line. In 1945
The Supreme Court held that Associated Press had violated the Sherman Act. The bylaws of AP at that time, as written, constituted restraint of trade. The fact that AP had not achieved a complete monopoly was irrelevant. The First Amendment did not excuse newspapers from violating the Sherman Antitrust Act. News, traded between states, counts as interstate commerce, and thus makes the issue relevant for the Sherman Antitrust Act. Finally, Freedom of the press from governmental interference under the First Amendment does not sanction repression of that freedom by private interests (326 U.S. 20). - WikipediaThat didn’t address the fact that each wire service is a virtual meeting of its member journalists - and collectively the wire services constitute virtual meetings of all the major journalists. Meetings which have been ongoing since memory of living man runneth not to the contrary. Adam Smith’s dictum thatPeople of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. - Wealth of Nationsimplies that you have to be "naive as a babe to believe” that journalists do not “conspire against the public.”In fact, the conspiracy is in plain sight - it is the propaganda campaign to the effect that journalism - journalism within the good graces of the cartel - is crucially important and “objective.” In fact of course, objectivity is a laudable goal but not a state of being. Any serious attempt at objectivity must begin with the humility to accept that objectivity doesn’t come naturally to anyone, journalist or not. The effect of the assumption of the objectivity of everyone else in your profession can only result in groupthink. Anyone who does not go along with the journalistic consensus on any given topic does not get along with it. And promptly has his career “pecked to death” by unanimous proclamation that the miscreant is “not a journalist, not objective.”
The entertainment imperative means that journalism is about difficult-to-ignore bad news and, consequently, journalism is negative. Negative about society, and implicitly naive about what society’s opposite - government - can do/be. The conceit that journalism is objective - when instead it is knowingly negative - is the very definition of cynicism. Which explains why “objective" journalism naturally produces pro-socialist - that is to say, anti limited constitutional government - propaganda.
My bottom line is that the wire services are not “too big to fail” as they were in ’45, and they have no legitmate and significant raison d'être which any court is bound to respect. They must be sued into oblivion. Whether by an individual or by the DoJ.
Yeah, the cache of NYC since it came back in the 90s will be reversed. There will be less wealth and retrenchment. But many NYers are multigenerational and still reminiscent of the pre-Disney debauchery and despair in Times Square, for example. They’ll proudly tough it out.
Others, including particularly young things chasing dreams and old things ready to migrate South will stay or land elsewhere.
There are still always advantages to being physically local to an industry center, such as Wall Street, Silicon Valley or the Garment District in NYC.
That will continue. But NYC has an ambitious and talented people, they’ll be able to make it there or elsewhere. It is talent and skill, creativity and work commitment that count.
In some ways it will be better without the froth of global celebrities and billionaires calling the shots and contributing to crazy housing prices. Yes, those who bought at the top will probably not make out well on their residential investments. But they had to have personal and/or financial capital to be in the market anyway. They’ll recover.
There is a significant poor, African-American population. But the sooner the illegal immigrants leave the better for them. There will always be enough low-skill work in the City to cover them. Just not enough, at a decent wage, with millions of illegals there. Especially now.
The worse pox NYC has is De Blasio and its tendency to elect nutty leftists whenever they forget the bitter lessons of poor administration, crime, etc., that come with their bad voting.
My guess is they’ll go through another leftist mayor before things get so bad and they realize how more of the same is just making it worse that they wake up and elect their next Rudy. Or at least something like a Rudy, who was really extraordinary in his role.
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