Brooklyn Chamber: Business Outlook "Generally Grim"
The Brooklyn Chamber of Commerce just released the results of its business sentiment survey and, not surprisingly, the findings ain’t pretty: The study “uncovered a generally grim outlook on the economy for 2009 and on Members’ feelings about business for the coming year,” according to a press release yesterday. Half of businesses in Brooklyn saw…
The Brooklyn Chamber of Commerce just released the results of its business sentiment survey and, not surprisingly, the findings ain’t pretty: The study “uncovered a generally grim outlook on the economy for 2009 and on Members’ feelings about business for the coming year,” according to a press release yesterday. Half of businesses in Brooklyn saw revenues remain flat or decline in 2008, and more than 40 percent were negatively affected by the tightening credit markets last year. There is a lot of uncertainty out there, said Carl Hum, chief executive of the chamber, told Crain’s. Even businesses that aren’t expecting falloffs are scared out of their wits. They’re just waiting for the other shoe to drop. And as for the proposal to add tolls to the East River Bridges, more than two-thirds were against it.
Photo by brandonzwa
Let me give you an example of how bad the economy truly is. I put an ad on Craigslist for someone with carpentry skills to help make some rustic furniture. We usually get art grad students because our hours are flexible and we pay $10.00 per hour (it’s upstate, so don’t think too much about wages) and face it, they hate working at Starbucks. We received over 20 responses (usually we get 2 to 4) and some from carpenters with 30 years experience. Just wait, some of the Wall street layoffs will be working for H&R block next year filling out tax refunds for people making $30,000.00 a year.
“soho used to be jam packed with shoppers, you couldnt even move on the corners of prince, spring, and broome without bumping into someone and their 20 shopping bags. now the only places that seem to packed are starbucks with people just sitting there drinking coffee on their computers. stores just seem completely empty.”
And Canal St is looking very bad now…
Welcome to the Great Depression 2 Dumbasses…
The What
Someday this war is gonn end..
“soho used to be jam packed with shoppers, you couldnt even move on the corners of prince, spring, and broome without bumping into someone and their 20 shopping bags. now the only places that seem to packed are starbucks with people just sitting there drinking coffee on their computers. stores just seem completely empty.”
And Canal St is looking very bad now…
Welcome to the Great Depression 2 Dumbasses…
The What
Someday this war is gonn end..
Here you go BRG:
http://xcolony.com/x/showthread.php?p=9543#post9543
Snappy, do you have a link to that…I’d love to forward it to friends; without copying and pasting it from here.
Actually if you look at the figures as to who pays what percentage of federal income tax, and then consider the income-limit that excluded ceratin taxpayers from the stimulus payments, its not so simple to say the people who paid the tax got it back.
Rob, Oko is on 5th near Douglass.
Something funny I found online the other day about supporting our slouching economy & China:
“Economic Stimulus Payment
This year, taxpayers will receive an Economic Stimulus Payment.
This is a very exciting new program that I will explain using the Q and A format:
Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.
Q. Where will the government get this money?
A. From taxpayers.
Q. So the government is giving me back my own money?
A. Only a smidgen.
Q. What is the purpose of this payment?
A. To improve consumer confidence, and get people to start buying things again.
Q. How does this help the economy?
A. When consumers are buying things, then businesses have to employ more people, thus ensuring the continued flow of payroll taxes and other taxpayer money to the government, so they can distribute more taxpayer money.
Q. Am I allowed to save the money into a bank?
A. You are legally allowed to do so, but if you do, you are a Bad American because you’re not stimulating the economy. If the government could figure out a way to make saving illegaly, they’d do so. Already, the US government is the only one that taxes earnings on savings.
Q. What things does the government predict people will buy with the stimulus money?
A. The government predicts increased sales of high-definition TV sets, new computers, video games or other consumer technology.
Q. But isn’t that stimulating the economy of China ?
A. Shut up.”
Big chains are cutting back on store openings as well. Whole Foods has been well publicized.
-Brooklyn Bridge Park on hold.
-AY A-WRAP.
***Bid half off peak comps***