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Danny Meyer: coronavirus impacts on his restaurants and no-tip workers

While the COVID-19 pandemic has had a devastating economic impact globally, few industries have been as hard hit as restaurants and hospitality. In the U.S. alone, losses north of $225 billion are projected over the next three months.

This week, GZERO World with Ian Bremmer is focusing on this story and what it means for businesses and employees alike. Ian interviewed famed restaurateur Danny Meyer, the CEO of Union Square Hospitality Group and founder of Shake Shack. In a candid and detailed conversation, Meyer discusses the toll coronavirus has taken on his own business, his decision to let go 80% of his workforce (2000 employees) and the dimming prospects of survival for many restaurants in America, including some of his own.

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Ian Bremmer: Assessing the US Response to COVID-19

I wanted to talk about this unprecedented confluence of epidemiological crisis and lack of effective political response. And when I say that, I don't, of course, just mean the United States, though, that certainly is the big part of it. But it's also globally. And a few points I would make:

First of all, starting at home, clearly the first month of US communications domestically was abysmal in the sense that we had a cheerleader-in-chief who was giving great messages about how we had this all taken care of. It was contained. There was no problem. And the markets would rebound, and we should buy the dip. And of course, that is really not what the scientists were saying. It was not what the bureaucrats with real experience dealing with these kind of crises were saying. That's now changed. That's now changed dramatically.

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Ian Bremmer on the COVID-19 Global Crisis

Ian Bremmer breaks down two key scenarios for how the COVID-19, or coronavirus, pandemic will play out globally, examining the potential lasting impact it could have on China, the U.S., and the international financial markets.

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COVID-19: Would you shut down your city?

The city that never sleeps is now being forced into naptime. On Sunday evening, New York City Mayor Bill De Blasio announced that, in order to slow the spread of the coronavirus, the city's public school system will close for at least a month, and that all restaurants and bars are limited to take-out and delivery service. For days, the mayor faced pressure for decisive action, but given the size of the city's economy and the serious problems these restrictions create for low-income New Yorkers, these weren't easy decisions.

Let's say you had to make the choice yourself, here are some arguments for and against draconian restrictions.

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Hard Numbers: School's out for more than half a billion kids

34: Only 34 percent of Pew respondents in Germany said the US-Germany relationship is "good." Believe it or not, that's an improvement over two years ago, when only 24 percent of Germans said the same.

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