Last Friday, the FDA officially authorized “emergency use” of the COVID-19 vaccine manufactured by Pfizer. Of the 21 members of the FDA advisory committee, there were four who did not vote in favor. One of those was Dr. A. Oveta Fuller, an associate professor of Microbiology and Immunology at the University of Michigan Medical School....
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NYC COMMERCIAL REAL ESTATE SUFFERS
Real estate companies in New York City are dealing with the harsh realities that office workers in the City could take on a new look after the virus outbreak and subsequent lockdowns and social-distancing requirements. Some are considering turning more than one million square feet of workspace in the City into housing units, The New York...
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GET VACCINATED OR GET FIRED
As we go to press, the word’s out that by Thursday, the millions of people who were lining up to get tested for COVID could be lining up to get vaccinated within days. According to an article published by CNBC yesterday, “Yes, your boss can fire you if you refuse to get a COVID vaccine.” ...
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TOP 10 TRENDS FOR 2021
GREATEST DEPRESSION The “Greatest Depression” has begun. Unprecedented in world history, much of the world’s economy has been locked down to fight the COVID War. Hundreds of millions of lives and livelihoods have been destroyed, and tens of millions of businesses will be wiped off the face of the Earth. Yes, there will be a...
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GOING DOWN, GOING BUST, GOING OUT
HOLIDAY TRAVEL DEMAND IS WEAK, AIRLINES SAY. After air travel picked up earlier in this quarter, airline bookings weakened before Thanksgiving and have not recovered in what is traditionally one of the busiest periods for air travel, American Airlines said in a 4 December regulatory filing reported by Bloomberg. Without the holiday sales bump, the...
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CONVENTION HALLS EMPTY AND LOSING MONEY
A time without conventions to host is the right time to make over convention spaces. The city of Indianapolis is borrowing $155 million to revamp its Indiana Convention Center to accommodate the 2026 annual meeting of the American Dental Association. After upgrading its air filtration and cleaning systems this year, the center lured six basketball...
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OFFICE WORKERS STAY HOME
Among 2,500 office buildings in 10 large U.S. cities, about 25 percent of workers had returned as of 18 November, reported Kastle Systems, a security firm that tracks access card swipes in those buildings. The rate has dipped from October’s mark of 27 percent but remains comfortably above the 15 percent recorded in April. However,...
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ABSENT HOLIDAY TRAVELERS DEAL HOTEL INDUSTRY ANOTHER BLOW
Sixty-nine percent of Americans will not travel during the December holiday season, the Morning Consult reported in a new survey. Only 32 percent of respondents said they had taken an overnight vacation or any kind of leisure trip since March, and 44 percent said their next stay in a hotel is a year or more...
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HOLIDAY SALES OFF TO LACKLUSTER START
From Thanksgiving through Cyber Monday, U. S. shoppers spent 14 percent less than they did in 2019, the National Retail Federation (NRF) reported. Shoppers spent an average of $312 each over the five-day stretch, about the same as in 2018. They numbered 186.4 million, down slightly from the 189.6 million who opened their wallets a...