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‘There’s so much unknown’ — In small towns that host big events, timing is crucial for the recovery

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Willie the Wildcat fires up the fans in the first quarter of a Big 12 football game between the West Virginia Mountaineers and Kansas State Wildcats on November 16, 2019 at Bill Snyder Family Stadium in Manhattan, KS.

Scott Winter | Icon Sportswire | Getty Images

For Russ Loub and the Little Apple Brewing Co., the coronavirus shutdowns could not have come at a worse time.

Loub’s steakhouse, which he and his wife Kelly have owned since 1995, adopted the nickname of its surroundings — Manhattan, Kansas, a city of about 50,000 people that is roughly 100 miles west of Kansas City and home to Kansas State University.

Five key months — April and May in the spring with college graduation, and then September through November for football season — account for roughly 80% of the steakhouse’s annual profits, Loub estimated. With the restaurant forced to halt dine-in operations in March due to the pandemic, two of those months have already been wiped out for the year.

“As soon as the mandatory quarantine happened, we instantly lost probably close to 4,000 reservations. That was absolutely devastating,” the 61-year-old Loub said.

The coronavirus pandemic and its economic fallout have wreaked havoc on cities large and small across the U.S., killing more than 100,000 and sending unemployment to levels not seen since before World War II. Over the past month, policymakers have slowly lifted restrictions on businesses and gatherings, attempting to learn what activities are possible before a vaccine arrives.

As spring turns into summer in Manhattan, the details of the fall semester, including whether the university will bring back its normal surge of more than 20,000 students and whether 50,000 fans will pack Bill Snyder Family Stadium for seven Saturdays, remain murky.

Victor Matheson, a professor at the College of the Holy Cross who studies sports economics, said estimates of the impact from sporting events on local economies are often overblown because people are just substituting one set of purchases for another. But this fall, with the virus creating other economic restrictions, the damage could be more acute.

“If you’re not having football, you’re not having all sorts of other things. You’re not having big weddings, you’re not having restaurants that are packed anyway, you’re not having conferences, you’re not having parent weekend, you’re not having all of these other normal economic activities that happen,” Matheson said. “So not only do you not get the football game in the first place, you don’t even get the activity that would normally be crowded out by that.”

And for smaller college towns like Manhattan, that can be compounded by a lack of other economic attractions and that college football tends to bring in people from out of town, Matheson said, not to mention the hit from a potentially diminished student population.

The university announced plans to hold the fall semester, though students will report a week earlier in August and not return to campus after Thanksgiving break. Loub said that there is concern around town that the number of students that do come to campus will be down significantly from previous years.

Football season, with or without fans, remains an open question across the country, with Kansas State’s conference rival Iowa State announcing plans to limit its stadium capacity to 50% and University of Michigan President Mark Schlissel telling the Wall Street Journal that the school won’t play football if students aren’t on campus.

“There’s so much unknown. That’s really the most difficult part of it,” Loub said. “I’m sure if you talk to anyone else, they’ll tell you the same thing. It’s the unknown things that are the scariest.”

‘You count them in rallies around here’

Bikers ride down Main Street on the first day of the annual Sturgis Motorcycle Rally in Sturgis, South Dakota.

Andrew Cullen | Getty Images

On Monday in Sturgis, South Dakota, the City Council will decide what to do about the event that has defined the town for decades — the Sturgis Motorcycle Rally.

This year’s rally — the 80th edition — is currently scheduled for Aug. 7 to 16, potentially bringing hundreds of thousands of people to a town where, according to a Census Bureau estimate, fewer than 7,000 live.

Rod Bradley, a former council member who is now the vice chairman of the Meade County Board of Commissioners, said he expects people will come into town regardless of what city officials decide, but not on the scale of previous years. He said that international tourists and older or immunocompromised bikers likely won’t make the trip even if the rally officially happens.

“It was going to be an anniversary year. It was going to be a huge, banner year with a lot of excitement. But with the Covid-19 virus, it’s not going to look the same,” Bradley said.

Bradley, 52, and his wife Cassie own the Hotel Sturgis, which opened just before last year’s rally, and the Oasis bar, which opened in 2011.

“That’s eight rallies. You count them in rallies around here,” he said.

Between the two businesses, Bradley said he typically has eight employees but would hire roughly 20 more to handle the 10-day rally.

For the Oasis, the rally typically accounts for 40% of his annual revenue, and in an anniversary year it would be bigger, he said.

Bars and restaurants in the town will often hire out-of-towners to serve the wave of bikers rolling into a town that sits waiting for those crowds most of the year, Bradley said. Without the rally, the economics of downtown Sturgis don’t make much sense.

“Everybody’s got a building bigger than they need year-round. The value of the property is higher than year-round supports,” Bradley said.

Won’t be ‘business the way it was’

The federal government has soaked the economy with trillions of dollars of relief to support businesses and consumers during the shutdowns caused by the pandemic. Treasury Secretary Steven Mnuchin has said the Trump administration would like future relief packages to be more targeted at the most impacted industries.

“When we look at the next round … I think one of the things we’re really going to need to be very focused on is how do we help the industries that are especially impacted. And I would say hotels, travel, entertainment, [and] restaurants are right up there,” Mnuchin told CNBC on Thursday.

But as the economy reopens at different speeds in different states, and as places like Sturgis and The Little Apple risk missing out on vital business periods, it’s not just certain business sectors that will be disproportionately impacted but different locations.

An expansion of the disaster loan program from the Small Business Administration that has proven effective after localized disasters, like hurricanes, could be useful in this situation, said Meri Davlasheridze, an assistant professor at Texas A&M at Galveston who studies disaster economics.

The SBA’s disaster loan program has already paid out roughly $80 billion to small businesses hurt by Covid-19, including Loub’s, but Davlasheridze said increasing the funding and ensuring businesses can use the money to reconfigure their businesses for social distancing would provide a boost.

“I think the SBA disaster loans are particularly potent for some small businesses impacted by Covid, particularly in this transitory period until their customers bounce back and they adjust their behavior,” Davlasheridze said.

Little Apple Brewing Co. has already started on a new path, with the Loubs rolling out an online retail operation during the pandemic. Loub said that the restaurant, which has about 250 seats and does roughly $2.2 million in annual sales, may reopen dine-in services in July as capacity restrictions are further loosened, if the health situation allows for it.

Still, the restaurant will likely no longer serve lunch or Sunday brunch, he said, and probably won’t ramp back up to its normal staffing level of between 40 and 50 workers.

“We’re realizing that we’re not going to be able to go back to our business the way it was,” Loub said.

Whenever the restaurant does reopen as close to normal as possible, this will be the final shot for Loeb, who says the shutdown has already cost him hundreds of thousands of dollars.

“If there is another outbreak that threatened to close us down, that would actually be devastating for us, and I don’t think we could recover from that,” Loub said. “We have pretty much decided if we can’t make it this time, that’s going to be it,”

Source: https://www.cnbc.com/2020/06/13/coronavirus-restrictions-on-small-businesses-hoping-for-large-crowds.html

Forex

New method of investment: Copy trading, or copy trading as it was originally called

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These are busy days for those who have a certain level of savings in the economy. Because already sharp movements occur in the Turkish lira because of their very high rates of investment to translate the uncertainties in Turkey in recent times with a certain amount of savings. This enables people to turn to different investment methods.

If you are looking for a dynamic investment method and still do not know where to start, we will have a profitable suggestion for you. A type of investment, originally called “Forex copy trading”, and another name that can be translated as copy investment in Turkish is social investment. It can be a good entry-level choice for those who do not know exactly how and how to invest in investment vehicles.

The basic logic of copy trading is to imitate the investments of successful investors in the exchange you want to enter. It’s that simple. Anyway, the name of this investment concept is therefore determined as copy investment.

According to one of the studies conducted in recent years, this type of investment is increasingly taking up a place in the market. The copy investment market will reach an amount of € 70 billion by the end of 2025, according to researches.

To start copy trading, the first thing to do is to choose a reliable and profitable investment platform. At this point, the next step in choosing a reliable investment platform is  Forex Copy Trading

that is, to be able to follow reliable investors for copy investment. Therefore, the choice of platform is very important at this point.

A Close Look at Copy Investment

In short, it is important that copy investment or social investment platforms allow experienced investors to copy their investments directly. Here, when you find such an investment exchange, the investment made in this way is also called “auto investment” because you invest your own account directly into the account of the experienced investor.

You can invest in the form of copy investment in the BIST 100, crypto money exchanges and even foreign exchanges. It is a method that can be followed even for foreign currency deposits. However, it will require serious research at the stage of determining the investors you will follow in the first place.

How Exactly to Invest in Copy?

In fact, there are two popular ways to do this.

Following the Investors’ Strategies One to One

Whichever exchange you are investing in, you can learn the investments made by the really experienced names of that stock exchange with a good research and make these investments one by one.

Benefits:

Simple System: The investment you will make in this way will be a very simple and easy-to-use investment type. This is the reason why it is called auto investment as a type of investment that you can directly imitate the investments of expert investors in the field.

Flexibility: You can follow this type of investment from any digital device. It is a very flexible method as you will do the same no matter where you are, as soon as you hear about the direct investment of the person you follow, as there is no subject to think about.

Choosing a strategy is very easy: All you have to do is find the best in the field with the right research. Once you find it, it will be very easy to determine your strategy.

Transaction Fees: Most successful traders will charge you a certain fee to return their investments. These fee claims create an additional cost. However, you can manage your funds with the confidence that there will be no additional fees or expenses for the investment.

Let others follow your investment. For this, create an investment strategy.

Here you will be the one followed. Of course, this has certain advantages and disadvantages.

Your strategies will directly affect the market: Since you will be the person who will determine the strategy, whatever strategy you follow, the strategy you will follow will be a strategy that will affect the market completely.

You will also get the reward for your labor outside of profits: In this way, you will have to spend all your work on this work. However, you will get more than your followers for your efforts.

You will set the rules of the game: However, doing these operations will require both very serious experience and serious work.

Of course, it would be useful for you to carefully investigate whether there is a method to follow completely. However, it is possible to say that you can carry out such transactions with peace of mind with detailed analysis on the leading quality investment and stock exchange platforms such as AMarkets.

 

 

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Coinpedia

Ethereum Price Smashed $2000, $3000 Incoming At Lightning Speed!

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Ethereum Price (ETH) May Hit $10,000 This Cycle!

The Ethereum price that is known to maintain a stable price movement, finally broke the previous ATH to form a new one. It took more than a months time to regain its lost position above $2000, yet sustained successfully. 

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The price took more time than expected to break the $2000 barrier, yet $3000 may be approaching at rocket speed. As predicted by founder of Gokhstein Media, David Gokhstein, the next stop for the ETH price is around $3,900. 

With the continued bullish trend and intensified rally, the price is expected to surge to the highest levels. According to an analyst and Crypto Youtuber, Young and Investing, the Ethereum price may hit $10,000 within the current bull run.

With the accelerated bull run, many analysts believe Ethereum could lead the market instead of Bitcoin too. Therefore providing a huge opportunity for the altcoins to boom within the ETH bull rally. 

Is Altcoin-Season On the Cards?

Many altcoins normally pop-up with the surge in the price of the second dominant crypto Ethereum. Currently, ETH price is trading around its new all time high around $2152 and expected to fly high. Therefore, many small cap altcoins are expected to rise from ashes and pump more than 50x or even 100x also.

Many analysts believe the Altcoin Season of 2021 is on the way and is expected to be the greatest season ever. According to a popular analyst, XRPcryptowolf, the season will reach its peak during the summer.

Moreover, the coins which are believed to be dead or not performing are also expected to rise. One of the analysts, MC also has given a brief idea on which all coins might pump in the current AltSeason.

Collectively, the breakout of Ethereum price has led to initialization of the most awaited AltSeason of 2021. The ETH price rally is expected to intensify in the coming days, that might smash $10,000 soon.

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Source: https://coinpedia.org/ethereum/ethereum-price-to-surge-to-3000-soon/

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Coinpedia

Lark Davis Addresses 3 Most Common Criticisms Tagged With Cardano

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Popular New Zealand-based crypto analyst Lark Davis pointed out the three criticisms faced by the Cardano project

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Cardano Is Overvalued

He says that Cardano’s biggest use case right now is staking. The current price of Cardano is based on speculation rather than real demand for the token based on usefulness and need among developers and users.

Right now, the basic economics that will drive future demand are simply not there. Also there’s nothing wrong or unusual about this. This is a fairly normal occurrence. We see that a lot with various assets, where the price of an asset can rise far higher than its value should be based on where it is now simply because of strong support from the market and it’s future predictions.

Even if cardano’s price is overvalued right now does not really mean that it will plunge or go down in the near future. Davis says that in such situations the opposite is likely to happen. The higher the market cap, the more serious an investment it is in the eyes of many investors, which makes the market cap go even higher and become even more serious.

Also Read : Top reasons why Cardano(ADA) Price is Poised For Massive Surge!

Nothing Is Built on Cardano

According to Lark Davis this statement is not technically true as he feels that few things are built on cardano but it lacks an ecosystem. He also states that it’s an incredibly dishonest critique of Cardano in his opinion because it is hard to have an ecosystem when there’s no smart contract functionality.

“Smart contracts are coming. The testnet is due in late April. Smart contracts are then scheduled to come on the mainnet around August… I think we’ll have at least a few dozen applications by Q1 of next year.“

Cardano Is Too Slow in Its Development

Davis says it’s fair to hope Cardano’s speed of development to pick up pace, especially considering the moderately fast rise of other projects with robust and successful ecosystems such as Elrond (EGLD) and Avalanche (AVAX).

Luckily cardano has a growing community and enthusiastic users who are willing to support the smart contracts from the day one of it’s launch. With such an optimistic community if cardano promises to deliver an ecosystem that mints people money, then it’s obvious for users and developers to eventually join this massive ADA community.

“I personally think that Cardano will prove the haters wrong this year, and that they will deliver a powerful and interesting blockchain that will become a big part of the cryptocurrency ecosystem…“

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Source: https://coinpedia.org/altcoin/criticisms-tagged-with-cardano/

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Coinpedia

CHZ Price | Chiliz Price Surged 650% in March, What’s Next for the Coin?

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The pseudonymous head of Coin Bureau who goes by the name guy, predicts that this coin has the potential to attract many users into the crypto space.

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Chiliz price has skyrocketed last month by 650% in value, making it a very important month for the cryptocurrency. In the last week, however, a pattern reversal occurred, with CHZ being overwhelmingly denominated by sellers. Things are shifting, though, as CHZ price rises once more. 

Read more : Chiliz Price Rose Like a Monster, Is It the Start of a ‘Low Cap Season’?

Chiliz is a cryptocurrency that can be used on sports and entertainment sites. Chiliz can be used like any other digital currency, but it is most commonly used on Socios.com, a website where investors and fans can use CHZ to receive exclusive rewards from their favourite teams. Special behind-the-scenes access and voting rights are among the perks.

It is worth noting that CHZ has established partnerships with top football clubs spread across the world, including FC Barcelona, AC Milan, and Juventus.

Guy says that,

“Have you been searching for that killer app that has the potential to open the floodgates and bring hundreds and millions of people into crypto? That elusive unicorn would likely be valued at a pretty penny, which means if you got into it at the right time, you could post some truly insane gains. What if that project combined NFTs, sports, and crypto? That’s the type of rocket fuel that could send it to the stratosphere… That would be Chiliz.”

I really like Chiliz as a project, the concept, and how they’re seemingly paving the way for unique digital sports memorabilia with NFTs in real-time. I also really love the idea of attaching tangible team-related perks to NFTs. That way, they have tangible real-world value and this should drive future demand.”

As of the time of publication, Chiliz price was $0.511948, with a 24-hour trading volume of $930,154,829. CHZ price also went up 1.5% over the last 24 hours. Besides, it has a circulating supply of 5.3 billion CHZ coins and a max supply of 8.89 billion.

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Trade with the Official CFD Partners of AC Milan
Source: https://coinpedia.org/altcoin/chz-price-chiliz-price-sentiments/

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