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The silent storefronts feel like an omen. Yesterday, our staff writer Franklin Foer took a walk in his empty neighborhood. Frank found himself tearing up, prematurely mourning the local businesses that will fall to this pandemic, leaving the people that staff them out of work.
We don’t yet know the full economic toll this outbreak will take, but here’s our preview of the difficult road ahead:
- The coming bailout is a moral failure. As small businesses struggle, “the lobbyists are set to plunder,” Frank argues.
- Restaurants must weather the impossible. “Like beachfront properties in a hurricane,” they’ll get hit early and unfathomably hard.
- Say goodbye to movie theaters, for now. And with them, big Hollywood releases. That is, unless major studios decide to gamble on online-only premieres, which would mark “a genuine revolution” for the industry.
- Senator Mitt Romney now endorses sending every U.S. adult $1,000. Sound familiar? Andrew Yang recently ran for president on a similar proposal. Our politics staff writer Adam Harris caught up with Yang a few hours after the news.
What to read if … you’re feeling anxious: