In the very recent past, there has been quite a few companies filing for bankruptcy or have taken over by a former rival. What businesses are at risk? Will many restaurants go out of business because people have less money to spend? Hotels? Airlines? It hasn't been too long since Sharper Image closed their retail stores. Are other retail stores in danger?
Discuss
Rachele Antenucci on October 3, 2008, 12:06 PM
I live in Northern California where the Simon Corporations owns the local malls. They charge their tennants not only at the least $10,000 in rent each month but they demand a large pecentage of their monthly sales as well. GREEDY Middle Eastern business practices which the US Government turns a blind eye to such as this are to blame for an already struggling economy.
Jamie Tyroler on October 22, 2008, 4:59 AM
I know Bennigan’s and Steak and Ale (both owned by the same company) has filed bankruptcy and most of their restaurants have closed. With the increases in the costs of foods, I can see more restaurants (individuals and chains) closing.
One of the more distasteful things about the bailouts of various companies is that most of the people who have earned 8-figure salaries and bonuses don’t see anything wrong with the level of greed that has been displayed. Most people when they lose their job file for unemployment – the upper levels of management when they are fired from their jobs, make more money than most people will see in their lifetime.
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