Month: July 2020

Gambling’s New Frontier

Speculative bubbles are always around. Usually, they end up poorly – think the tech and housing bubbles earlier this century. Now, one of the craziest speculative bubbles going is bankrupt stocks. Bankruptcy-bound Chesapeake Energy’s stock went up 182 percent. Hertz went up 115 percent. JCPenney went up 96 percent. Every one of these stocks isn’t …

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Can Hospitality Be Rescued?

The show “Bar Rescue” features hospitality industry veteran Jon Taffer using his know-how to improve bars and restaurants’ bottom lines. He knows what works. Unfortunately, his outlook for American hospitality establishments is gloomy. Taffer said 40 percent of them probably won’t survive this pandemic, which is rather scary. His main concern centers on the difference between sustaining …

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