Sunday, November 28News That Matters

Tag: Shutdowns (Institutional)

As Virus Cases Rise in Europe, an Economic Toll Returns

Business
“It was a shock” when the lockdown was announced, she said, adding that it was too early to predict the scale of the losses she could incur. “We just have to accept it.”For Daniel Zieman, who ran a gift stand across the square between Vienna’s Natural History and Art History Museums, the story was the same. But he worried about the staff at the restaurant serving typical Austrian fare that he runs on the edge of town, many of whom count on the tips coming in from waiting tables in the normally busy season. Lost tips won’t be included in the government subsidies that will help keep people afloat.“Many of our staff have children, and you count on a certain percent from these tips every month,” he said. “That won’t be there.”The holiday season is when many restaurants do their biggest busines...

A Cherished New Orleans Restaurant, Upperline, Closes

LifeStyle
NEW ORLEANS — JoAnn Clevenger was certain she would reopen Upperline, her New Orleans Creole restaurant, for most of the 18 months since the Covid-19 pandemic forced its closing. That confidence began cracking this past summer, as she began, with the help of a therapist, to confront her fear of losing a business she regarded as her “platform” for 38 years.“I was paralyzed not knowing what I was going to do with the rest of my life,” said Ms. Clevenger, who is 82.This month, Ms. Clevenger announced that whatever her future holds, it will not include Upperline. While the restaurant is officially for sale, the retirement of its founder, who embraced her hostess role as a higher calling, marks the end of an era for an establishment whose charisma reflected its owner’s.“I found JoAnn to be an i...

Jeanna de Waal Has Already Forgotten About That ‘Diana’ Film

LifeStyle
The producers always promised that the show would make it to Broadway after the pandemic. But they had no idea what that would entail. “I remember the phrase ‘flattening the curve,’” Ashley said, referring to the city’s coronavirus lockdown. “We thought it would be for a few weeks. The possibility that it would be 600 days before we were back in production on Broadway — that was something we didn’t plan for.”As the days without pay stretched on, the cast and crew had to find other sources of income. For de Waal, that came from running Broadway Weekends at Home, a remote version of the musical theater camp that she founded with her sister, Dani, a former actor who works for Google. Hundreds of people signed up during the pandemic, paying a subscription fee to be taught by Broadway and West ...
What if It Never Gets Easier to Be a Working Parent?

What if It Never Gets Easier to Be a Working Parent?

Business
Above all, issues around managing child care and work that had long been considered private family matters were suddenly out in the open, turning the needs of working parents into a subject that resonated in conference rooms and state capitals across the country.The potential implications were profound: Not only could the pandemic help recalibrate the answer to a question like, “Who picks up a sick child from school?” but it could also radically alter whether workplaces look askance at the parent who takes time away from work to do to so. More fundamentally, any number of policy ideas that the pandemic inspired, if realized, could make it easier for working parents, especially women, to balance work and child care, as well as increase gender equality at work and at home and upend entrenche...
Supply Chain Shortages: Your Questions Answered

Supply Chain Shortages: Your Questions Answered

Business
The dramatic surge in demand clogged the system for transporting goods to the factories that needed them. At the same time, finished products — many of them made in China — piled up in warehouses and at ports throughout Asia because of a profound shortage of shipping containers, the standard-size steel boxes that carry goods on enormous vessels.Updated Oct. 21, 2021, 8:59 p.m. ETWhat happened to all the giant container ships?In simplest terms, they got stuck in the wrong places. In the first phase of the pandemic, as China shipped huge volumes of protective gear like face masks and hospital gowns all over the world, containers were unloaded in places that generally do not send much product back to China — regions like West Africa and South Asia. In those places, empty containers piled...

As Starbucks Workers Seek a Union, Company Officials Converge on Stores

Business
BUFFALO — During her decade-plus at Starbucks, Michelle Eisen says she has endured her share of workplace stress. She points to the company’s increased use of productivity goals, inadequate attention to training and periods of understaffing or high turnover.But she had never encountered a change that the company made after workers at her store and two other Buffalo-area locations filed for a union election in late August: two additional “support managers” from out of state, who often work on the floor with the baristas and who, according to Ms. Eisen, have created unease.“For a lot of newer baristas, it’s an imposing force,” Ms. Eisen said. “It is not an easy job. It should not be complicated further by feeling like you’re having everything you’re doing or saying watched and listened to.”W...
World’s Growth Cools and the Rich-Poor Divide Widens

World’s Growth Cools and the Rich-Poor Divide Widens

Business
As the world economy struggles to find its footing, the resurgence of the coronavirus and supply chain chokeholds threaten to hold back the global recovery’s momentum, a closely watched report warned on Tuesday.The overall growth rate will remain near 6 percent this year, a historically high level after a recession, but the expansion reflects a vast divergence in the fortunes of rich and poor countries, the International Monetary Fund said in its latest World Economic Outlook report.Worldwide poverty, hunger and unmanageable debt are all on the upswing. Employment has fallen, especially for women, reversing many of the gains they made in recent years.Uneven access to vaccines and health care is at the heart of the economic disparities. While booster shots are becoming available in some wea...
What Investors Saw in Ozy Media

What Investors Saw in Ozy Media

Business
A recent analysis by the social media measurement company Tubular Labs suggests that Ozy spent heavily to boost the number of views for the videos it posted on YouTube by paying to have its videos pop up automatically onscreen.And even when Ozy offered articles its readers loved and shared in large numbers, it didn’t seem to try to replicate that success, according to a report in the social media-focused newsletter Garbage Day. The articles that were widely shared were “posts about cookies, inspirational stories about elephants, and engaging mini-docs about fashion,” the newsletter reported.What that left, said a former employee with knowledge of the company’s analytic data, was a real, if tiny, fan base — just not the one Ozy liked to talk about. “The classic demographic for Ozy was a ret...
Ozy Media Will Shut Down

Ozy Media Will Shut Down

Business
In an article in The Times on Thursday, Brad Bessey, an Emmy-winning executive producer, and Heidi Clements, a longtime TV writer, said Ozy executives had misled them while they were working on “The Carlos Watson Show,” Mr. Watson’s talk show, for the company. Specifically, they said, executives told them that the show would appear on the cable network A&E. Mr. Bessey resigned when he learned there was no such deal in place, and the show ended up appearing on YouTube and the Ozy website.Also this week: Advertisers including Chevrolet, Walmart, Facebook, Target and Goldman Sachs itself — many of which had been paying for placement on “The Carlos Watson Show” — hit the brakes on their spending with Ozy.By Friday afternoon, Mr. Watson and the other remaining board member, Michael Moe (ano...

China Power Outages Close Factories and Threaten Growth

Business
DONGGUAN, China — Power cuts and even blackouts have slowed or closed factories across China in recent days, adding a new threat to the country’s slowing economy and potentially further snarling global supply chains ahead of the busy Christmas shopping season in the West.The outages have rippled across most of eastern China, where the bulk of the population lives and works. Some building managers have turned off elevators. Some municipal pumping stations have shut down, prompting one town to urge residents to store extra water for the next several months, though it later withdrew the advice.There are several reasons electricity is suddenly in short supply in much of China. More regions of the world are reopening after pandemic-induced lockdowns, greatly increasing demand for China’s electr...