March 16 was the last day David Engelsman walked into the Jackrabbit, an acclaimed restaurant at the boutique Duniway Hotel in downtown Portland, Ore. The lead server on morning duty, Mr. Engelsman was told before his shift started that his job was no longer needed. He left early, at 10:30
OAKLAND, Calif. — When California shut down its economy in March, it became a model for painful but aggressive action to counter the new coronavirus. The implicit trade-off was that a lot of upfront pain would help slow the spread, allowing the state to reopen sooner and more triumphantly than
Already, companies large and small are succumbing to the effects of the coronavirus. They include household names like Hertz and J. Crew and comparatively anonymous energy companies like Diamond Offshore Drilling and Whiting Petroleum.
And the wave of bankruptcies is going to get bigger.
Edward I. Altman, the creator of
James Bennet, the editorial page editor of The New York Times, has resigned after a controversy over an Op-Ed by a senator calling for military force against rioters in American cities.
“Last week we saw a significant breakdown in our editing processes, not the first we’ve experienced in recent years,”