America Faces No Greater Threat Than Joe Biden and the Democrat Party. Their Assault to Our Borders Is As Great As Their Assault to Free Speech and Free Elections
Tuesday, July 13, 2021
BIDENOMICS - Report: U.S. Hotel Industry Faces Closures, Ongoing Depression in Post Pandemic Era
Inflation is Surging as Wages are Falling - People are Unprepared
Peter Schweizer, president of the Government Accountability Institute (GAI), said on Monday that his organization had confirmed that President Joe Biden “was a direct beneficiary” of Hunter Biden’s financialdeals with foreign interests.
“We do have a copy, by the way, here at GAI of [Hunter Biden’s] laptop and all the files,” Schweizer said on the Sean Hannity Show. “It confirms that Joe Biden was a direct beneficiary.”
LISTEN (interview begins at 1:05:05):
Schweizer explained how GAI cross-referenced Secret Service travel logs during Joe Biden’s tenure as vice president to corroborate the authenticity of Hunter Biden’s emails.
He remarked:
GAI asked, “How can we demonstrate whether the emails are real?” … We already have, for example, Hunter Biden’s Secret Service travel records. They were released by Senator [Ron] Johnson’s committee. These are the official records that say the Secret Service traveled with Hunter to this location, to that location, etcetera.
So we asked, “Do the emails on Hunter Biden’s laptop correspond with the travel records? If our email references that [Hunter] is in Dubai on a certain date, does that line up with the Secret Service travel records? Absolutely, 100 percent.
…
So there is no question. Of course Hunter Biden hasn’t denied it. But there’s no question that the laptop emails that we have possession of are 100 percent accurate and correspond directly with existing material, and the information is devastating.
GAI is in the process of investigating its copy of files found on Hunter Biden’s laptop, Schweizer shared. He said GAI’s forthcoming reports on the laptop’s contents will expose disastrous dimensions of the Biden family.
“We’re in the middle of the investigation now, but by the end of the year it will be completed, and it will take on a far more sinister tone than it has even now in terms of what it says about the Biden family and the vulnerabilities of the Biden family,” Schweizer stated. “It’s that bad.”
Hannity asked, “On a scale of one to ten, how bad are the coming revelations from this laptop?”
He added, “The coming revelations [from our investigation] based on what we are in the middle of right now, on a scale of one to ten — and you know Sean, I’m pretty cautious about this stuff — frankly are an eleven. It’s that bad.”
Hunter Biden claimed to not know whether the laptop in question was his. Asked in April of the laptop’s authenticity, he replied, “For real, I don’t know.”
Small Business Inflation Metrics Hit Highest Since 1981
A record share of small businesses say they are raising prices, data released Tuesday showed.
The National Federation of Independent Business said that the net percent of small businesses that have raised prices rose seven points to 47 percent, the highest seasonally adjusted inflation since 1981.
Five percent reported lower average selling prices, unchanged from a month ago, on an unadjusted basis. Fifty-four percent reported higher average prices, up an unadjusted six points.
Seasonally adjusted, a net 44 percent plan price hikes, up 1 point.
“The incidence of price hikes on Main Street is clearly on the rise as owners pass on rising labor and operating costs to their customers,” the NFIB said in its report. “The Fed will start worrying about inflation as Main Street continues to raise selling prices, pushing the inflation measures up,” the NFIB said.
Finding qualified workers also remains a challenge for businesses.
“Small businesses optimism is rising as the economy opens up, yet a record number of employers continue to report that there are few or no qualified applicants for open positions,” said NFIB Chief Economist Bill Dunkelberg. “Owners are also having a hard time keeping their inventory stocks up with strong sales and supply chain problems.”
Forty-six percent of owners reported job openings that could not be filled, a decrease of two points from May but still historically high and above the 48-historical average of 22%. Small employers have plans to fill open positions, job creation plans over the next three months rose to a net 28%, up one point.
Report: U.S. Hotel Industry Faces Closures, Ongoing Depression in Post Pandemic Era
A report published by the American Hotel and Lodging Association reveals that despite an uptick in travel in the post coronavirus pandemic era, the hotel industry across the country faces closures and drastic reductions in revenue.
“The road to recovery for the hotel industry is long with 21 of the top 25 U.S. hotel markets remaining in a depression or recession,” a news release announcing the report said. “The new data shows urban hotels are still in a ‘depression’ cycle while the overall U.S. hotel industry remains in a ‘recession.’”
The release shared some of the significant statistics from the report:
Urban markets, which rely heavily on business from events and group meetings, continue to face a severe financial crisis as they have been disproportionately impacted by the pandemic. Urban hotels were down 52% in room revenue in May compared to May 2019. For example, New York City, which remains in a depression, has seen one-third of its hotel rooms (42,030 rooms) wiped out by the COVID-19 pandemic, with nearly 200 hotels closing in the city.
The recent uptick in leisure travel for summer is encouraging for the hotel industry, but business and group travel, the industry’s largest source of revenue, will take significantly longer to recover. Business travel is down and not expected to return to 2019 levels until at least 2023 or 2024. Major events, conventions and business meetings have also already been canceled or postponed until at least 2022.
The report details the U.S. cities hardest hit by pandemic lockdowns, with San Francisco at the top of the list with a 70 percent drop in “revenue per available room.”
The other cities in the depression category are Boston (67 percent); Washington, DC (65 percent); New York City (62 percent); Chicago (59 percent); Seattle (56 percent); and Minneapolis (51 percent).
All of these cities are led by Democrat mayors who imposed harsh lockdown protocols during the pandemic.
“While some industries are starting to rebound as COVID-19 restrictions ease across the country, the U.S. hotel industry is still in a recession, with the hardest hit markets in a depression,” Chip Rogers, president and CEO of AHLA, said. “While many other hard-hit industries have received targeted federal relief, the hotel industry has not.”
Rogers lobbied for Congress to pass the Save Hotel Jobs Act “so hotels in the hardest hit regions, especially urban markets, can retain and rehire employees until travel demand, especially business travel, comes back to pre-pandemic levels.”
Local media outlet KRON reported that in San Francisco in 2019 the average room rate at the Handlery Union Square, Hotel Hillary was $255 a night. Now it is $135 a night and the occupancy rate has dropped 60 percent.
Follow Penny Starr on Twitter or send news tips to pstarr@breitbart.com.
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