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re: I think it's a bad idea to close restaurants.
Posted on 3/16/20 at 5:04 pm to imjustafatkid
Posted on 3/16/20 at 5:04 pm to imjustafatkid
quote:gift cards absolutely help. Cash flow management. The smart one's are pushing gift cards and pick-ups. Gift cards are loans.
This is not "help" and may be the dumbest thing I've seen people suggest. That is merely deferred revenue. It may help with short-term cash-flow, but that gift certificate is NOT cash. You buy it now and use it later. They don't get to recognize that revenue twice.
Posted on 3/16/20 at 5:06 pm to the808bass
quote:
It’s almost a direct quote.
If the person almost directly quoting were a petulant child.
Posted on 3/16/20 at 5:12 pm to cwill
quote:
Hence, one must panic individually in order to avoid systemic problems.
quote:
Under such conditions, it becomes selfish, even psychopathic, to act according to what is called “rational” behavior.
Posted on 3/16/20 at 7:25 pm to the808bass
“Rational”...frick it, never mind.
Posted on 3/16/20 at 7:30 pm to GumboPot
It’s too late for a lot of guys. We are taking a freaking beating and it’s only bad news on the horizon.
Posted on 3/17/20 at 11:07 pm to cwill
They’re a necessary evil for certain businesses though.
Posted on 3/17/20 at 11:09 pm to GumboPot
quote:
The pressure on grocery stores will be even greater and cause more social closeness at grocery stores. At least with restaurants open food choices are higher and as long as you are quickly in and out it will provide greater social distancing
How long til grocery store workers say frick this? They gonna get preferential treatment like public safety or healthcare? They gonna get more money for risking their health?
Posted on 3/17/20 at 11:11 pm to LuckyTiger
quote:
Young people don’t cook.
That's just fricking sad but reality.
Posted on 3/17/20 at 11:53 pm to SOSFAN
quote:
Every grocery store near my house looks like it was looted.
Yep. And if restaurants are completely shut down, the current situation will look like child's play.
Posted on 3/18/20 at 2:06 am to imjustafatkid
quote:
This is not "help" and may be the dumbest thing I've seen people suggest. That is merely deferred revenue. It may help with short-term cash-flow, but that gift certificate is NOT cash. You buy it now and use it later. They don't get to recognize that revenue twice.
panicking is ridiculous, but so is ignoring or being flippant about it. During the Spanish Flu pandemic of 1918, Philadelphia didn't cancel a military appreciation parade following WWI and 200,000 people attended. They had 16,000 deaths over 6 months out of a total population at the time of about 1.7 million. St. Louis did cancel a similar parade. They had 700 deaths over the same time frame out of a population of just under 700,000.
Direct correlation? Probably insufficient data from what I wrote here to be sure, but it does make you think about it
Posted on 3/18/20 at 2:17 am to RT1941
What's worse is they don't know how to ration food. So when they are low on essentials again. The frantic shopping will start all over again. They need to stop hoarding food or retail stores will start putting limits on all food items.
Posted on 3/18/20 at 7:42 am to cwill
quote:
You can order take-out...or buy a gift certificate in the short-term to help out your local, preferred eatery.
Why would anyone with any sense buy a gift certificate to a place that they have no idea whether or not will still be in business by the time they get to use it?
Posted on 3/18/20 at 7:44 am to 88Wildcat
quote:
Why would anyone with any sense buy a gift certificate to a place that they have no idea whether or not will still be in business by the time they get to use it?
Because I want to support local business owners.
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