Share to Twitter Share to Linkedin If our social distancing effort to suppress the coronavirus is prolonged, movie theater chains will be forced into bankruptcy. In the most optimistic scenario, theaters will not reopen until the end of June which will result in a 30% loss of box office receipts. If some cautious consumers decide to avoid crowded auditoriums throughout the summer, it could result in a total loss of 40% or so. And if the virus returns in the fall as some healthcare experts suspect, theaters may be required to close again and lose as much as 60% of the box office. With rent and debt interest expenses mounting, a quick slide to failure could be likely. It has been reported that AMC is already shopping for bankruptcy lawyers. Theater chains were barely treading water even before the coronavirus, having lost audiences for decades. In the 1930’s, about 65% of Americans visited a movie theater each week. It is about 10% today. The long, hard decline … [Read more...] about The Coronavirus May Kill Movie Theaters – A Perfect Time For Studios To Buy Them
Amazon losing money
Make $228 An Hour In Your Spare Time
Share to Twitter Share to Linkedin Do-it-yourself labor has powerful economic forces at its back. You can participate—or invest. I broke the mirror on my pickup. To replace it (parts, labor, tax) my friendly dealer wanted $431. There would be a wait, because the parts would have to be ordered and openings in the service schedule were scarce. Impatient, I located a Chevy dealer on the other side of town with the parts in stock. They cost me $203. A YouTube video told me how to take apart a truck door. In an hour I had the mirror mounted and the door reassembled. My effective salary during this hour: $228. Tax free. I’m not going to pay a nickel of income or payroll tax on this money. Have you thought about all the ways you could make a side income by acting as your own pro? Tax preparer, pastry chef, plumber—be all you can be. Or, if this sort of thing scares you, just invest in the D-I-Y phenomenon. Below, suggestions for stocks that would … [Read more...] about Make $228 An Hour In Your Spare Time
Warner Bros. Discovery New Bosses Gut Original Programing And Remove Content From Services
Share to Twitter Share to Linkedin In a series of surprising and somewhat confusing moves, new leadership at Warner Bros. Discovery are gutting original programing across platforms and removing content from the new HBO Max streaming service. Most scripted content is cancelled at TNT, TBS, and HBO Max, while a number of existing films and series were deleted from HBO Max — including original content released on HBO Max months ago, as well as HBO cable service content that featured on the new service but which is now M.I.A. Here are some thoughts on what it means and how it could all shake out. This is my assessment and reaction to recent news concerning WBD, HBO Max, and their plans for the future. Much remains unknown, much remains to be seen, but for now we’ve seen and heard enough to have some initial thoughts about what it means and where it will lead. Yesterday, WBD leadership announced that HBO Max and Discovery+ will wind up merged into a single … [Read more...] about Warner Bros. Discovery New Bosses Gut Original Programing And Remove Content From Services
Third Point’s Proposal To Intel Won’t Restore American Leadership In Microelectronics Manufacturing
Share to Twitter Share to Linkedin The proposal from hedge fund Third Point LLC for Intel to split its design and manufacturing operations could accelerate the decline of America’s last best hope for microelectronics manufacturing leadership. For Intel’s factories (its “fabs”) to regain leadership, they need customers to buy its output and help pay for its R&D, and anything that takes volume away from them will harm this effort. Over the short term, splitting the two would take volume away. Microelectronics manufacturing relies on scale to perfect new technologies Semiconductor microelectronic devices are made on silicon wafers, each carrying hundreds of individual chips (or “die”), using some of the most complex manufacturing technologies anywhere. The most advanced processes involve as many as 700+ steps and 80+ masking (imaging) levels. Each step involves procedures that are technically challenging, and because so many steps have to be carried … [Read more...] about Third Point’s Proposal To Intel Won’t Restore American Leadership In Microelectronics Manufacturing
A Durbin Amendment For Credit Cards Will Reduce Their Ubiquity And Do Nothing To Reduce Inflation
Share to Twitter Share to Linkedin One of the ways that the Biden Administration and the Democratic Congress has tried to deflect the opprobrium for the inflation spike of the last year or so has been to blame the middlemen—those entities that facilitate transactions between buyers and sellers—for contributing to high prices without providing anything of value for what it receives. In the last few months it has investigated the prescription drug market , online platforms operated by big tech companies, oil and gas producers , and food delivery apps , to name but a few. Last week Senator Durbin signaled he is considering adding only Mastercard and Visa to this list by introducing legislation that would mandate that credit cards be enabled with at least two unaffiliated networks, which would require the replacement of every credit card currently in circulation with a new, more expensive card for consumers. The legislation mirrors the so-called … [Read more...] about A Durbin Amendment For Credit Cards Will Reduce Their Ubiquity And Do Nothing To Reduce Inflation