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Big League Economics

EXCLUSIVE: All Of Starbucks’ Official Race Experts Worked For George Soros

Because of course George Soros is involved…

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In response to claims of racism surrounding two black men being arrested in a Starbucks in Philadelphia, Pennsylvania, every Starbucks in the country will be closed on May 29th for “racial-bias education.” The company stated that the training will be mandatory, and will be implemented in the onboarding process for all new employees going forward.

The curriculum is being developed with guidance from “several national and local experts.” When Big League Politics reached out to get a list of those experts, we received the names of five different people. All of them have one major connection: George Soros.

Here are the five people Starbucks mentioned, who are also named in their press release:

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Bryan Stevenson: Founder and executive director of the Equal Justice Initiative. Stevenson also serves on the board of George Soros’ Open Society Foundation.

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Sherrilyn Ifill: President and director-counsel of the NAACP Legal Defense and Education Fund. Ifill also served on the board of George Soros’ Open Society Foundation.

Heather McGhee: President of Demos, a non-profit organization that advocates for a number of left-leaning issues. McGhee served in the Open Society Foundation’s “Fellowship Program” for two years.

Jonathan Greenblatt: CEO of the Anti-Defamation League. Greenblatt previously served as the Director of the Impact Economy Initiative at the George Soros-funded Aspen Institute.

Eric Holder: Former Attorney General appointed by Obama, who since leaving his position has continued to push far-left politics using George Soros-funded groups.

Nearly 175,000 employees of Starbucks will be required to participate in the training next month. While the curriculum has not yet been released, it will be no surprise if it is filled with leftist propaganda.

George Soros has pumped tens of millions of dollars through his “Open Society Foundation,” which in turn has funded countless leftist organizations, from Planned Parenthood, to Black Lives Matter, and even extremist antifa groups like Refuse Fascism.

Refuse Fascism believes that Donald Trump is a fascist, and organizers for the group believe he is more dangerous than Adolf Hitler was.

With people so closely connected to George Soros being involved in creating the curriculum for a training that every single Starbucks employee must go through, who knows what will be included in it?

 

 

 

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Big League Economics

BLOODBATH: Coronavirus Panic Expected to Wipe Out 110,000+ Restaurants, Devastate U.S. Food Service Industry

The cure may be worse than the disease.

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The coronavirus pandemic and mass hysteria that has followed it will have a long-lasting negative impact on the food service industry, according to a recent study.

A survey from the National Restaurant Association (NRA) of over 4,000 restaurant owners has indicated that 11 percent of restaurant owners believe they will have to close up shop permanently with three percent saying they have already closed their doors for good. These calculations extrapolated across the entire industry mean that over 110,000 restaurants will be forced to close forever within a month.

In the first 22 days of March, restaurants lost an estimated $25 billion in sales and over three million jobs because of coronavirus-related economic peril. The consumption-based economy has evaporated immediately, and the ramifications could be dire.

Roger Lipton, a restaurant industry investor and commentator, is calling this the “restaurant apocalypse” and sees the business heading into uncharted territory where the damages could be unlike anything that has happened in the industry before.

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“Any pundit who thinks that they’re going to use a recent history — and by recent history, I mean the last 100 years, including the Depression — as a template for what is going to go on here? They’re kidding themselves,” Lipton said to Business Insider on Monday.

Cowen analyst Andrew Charles is predicting that the pain is just getting started for the restaurant industry. Charles is forecasting “a steady, double-digit decline in same-store sales that began on March 16th and persists through the end of July.” Jordan Thaeler, founder of the foot traffic tracking company WhatsBusy, told Cowen that fine dining sales have dropped over 90 percent, casual dining has dropped 75 percent, and fast food has dropped by approximately 50 percent due to the coronavirus pandemic.

Lipton believes that the turmoil in the restaurant industry will likely last for years. He thinks that many franchises, many of which are already flush with debt, will ultimately go under after losing steady revenue streams from franchisees. Small mom-and-pop restaurants with no major cash reserves will also be squeezed tremendously during this crisis.

“The good news is people have to eat,” Lipton said. “Some companies are going to figure it out. And others, for one reason or another, won’t be able to.”

Big League Politics reported on the effects that the coronavirus pandemic has had on GDP yesterday, showing that the economic carnage is not just impacting the food service sector:

Americans across the country are feeling the pain regardless of what industry they are in. A study from Candor has indicated that 267 companies have instituted a hiring freeze due to coronavirus while 44 have laid off employees and 36 others have been forced to rescind offers because of the pandemic.

“The travel, hospitality, and transportation segment was particularly hard hit, with 95% of companies freezing hiring. Only two companies, Bolt and Cruise, report they are still hiring. All booking platforms — like Kayak, Expedia, and Booking.com — have suspended hiring. Uber and Lyft have a headcount freeze but continue to backfill already open positions. And 12 companies — like Bird, Expedia, Sonder, Mondee, and Knotel — have confirmed layoffs,” VentureBeat wrote in their analysis of the data.

They noted that the companies that are still hiring are doing so at a reduced pace because of the economic carnage caused by coronavirus.

“The good news: 111 companies are hiring. But 10% of those still hiring have implemented some kind of hiring freeze, laid off people, or had offers rescinded. That’s likely because hiring only continues for essential roles,” they wrote.

Forbes has published a run-down of all the companies that downsizing due to the economic calamity. They have compiled information from hundreds of employers showing the number of American workers displaced because of the pandemic.

Unemployment filings are at an all-time high, with 6.6 million beleaguered Americans filing for benefits last week.

The economy, which President Donald Trump once touted as the best in the history of the country, is at risk of falling into a serious recession or depression because of the coronavirus pandemic.

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