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machoneman

(3,952 posts)
15. Yes, big structural changes that will be permanent are in the works.
Sat May 23, 2020, 10:41 AM
May 2020

Hertz, though suprising to me, is only the first of many off-brand airport located rentals firms that will go under. The cheaper for consumer alternates to the Hertz's of the world will go under very soon, gone forever. Now, layer that business closing model over a lot of other industries that rely solely on travel and wow, the pain will be everywhere. Suitcase makers, travel accessories, new clothes many buy for a vacation trip, you name it.

Then, extend this example to all the work at home folks. Far less train travel (a biggie here in Chicago), car parking lots downtown, tax revenues from parking fees, highway taxes in the form of tolls, gas/tires/maintenance on infrequently used cars. The examples of bad things to come are endless.

Didn't Hertz get any bailout money? gab13by13 May 2020 #1
Social distancing could be a boon to used car sales, Yahoo Finance, 5/22/20 progree May 2020 #2
Mass transit usage needs to be re evaluated MichMan May 2020 #3
People have to get to work, and I don't think car pools and van pools are very healthy progree May 2020 #5
I would rather put up with road congestion than getting a infectious disease MichMan May 2020 #6
Many people don't have a choice gab13by13 May 2020 #8
Yes, parking fees - eats up at least one hour of wages of a low wage worker per day progree May 2020 #11
Just because an area is urban doesn't mean the risk is greater...seems like outbreaks are booming... SWBTATTReg May 2020 #13
They somehow manage in Japan Steelrolled May 2020 #19
The pandemic is creating structural changes in our entire economy.... paleotn May 2020 #4
Yes, big structural changes that will be permanent are in the works. machoneman May 2020 #15
The average family is expected to save for retirement or emergencies. rickford66 May 2020 #7
The large corporations got bailed out, gab13by13 May 2020 #9
Yeah Proud liberal 80 May 2020 #10
According to their Q1 financials melm00se May 2020 #18
It's Worse Than That ProfessorGAC May 2020 #23
Why are these companies going bankrupt so early on? Scalded Nun May 2020 #12
No, they see the wave of bad news not only for 2020 but well beyond that. machoneman May 2020 #16
They've Got A Billion In Cash ProfessorGAC May 2020 #24
A legendary "underdog" advertising campaign Marcuse May 2020 #14
That hurts. C Moon May 2020 #17
Seriously? what'd they do with that BIG TAX CUT trump gave them in 2017, 2018, & 2019. nt iluvtennis May 2020 #20
Stock buy backs Raine May 2020 #21
Yep. But guess greed prevented them from selling some stocks to take profits and put iluvtennis May 2020 #26
More Than $20 Billion in Debt ProfessorGAC May 2020 #22
Wow. nt iluvtennis May 2020 #25
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