Small towns brace for altered college football schedules
Share Now on:
College football brings in the bulk of the revenue to run most college athletic programs. Many schools have decided to give it a go during the COVID-19 pandemic, though some schedules have been delayed. And just Wednesday, the NCAA announced it’s canceling the Division II and III championships. Regular games are still on for now, though that could change soon.
The economic effect of college football is felt not only on campus, but in the surrounding communities, which depend on students and their families patronizing stores and restaurants when they attend sporting events. So local business owners are keeping an eye on the athletic calendar.
Click the audio player above to hear the full story.
COVID-19 Economy FAQs
What does the unemployment picture look like?
It depends on where you live. The national unemployment rate has fallen from nearly 15% in April down to 8.4% percent last month. That number, however, masks some big differences in how states are recovering from the huge job losses resulting from the pandemic. Nevada, Hawaii, California and New York have unemployment rates ranging from 11% to more than 13%. Unemployment rates in Idaho, Nebraska, South Dakota and Vermont have now fallen below 5%.
Will it work to fine people who refuse to wear a mask?
Travelers in the New York City transit system are subject to $50 fines for not wearing masks. It’s one of many jurisdictions imposing financial penalties: It’s $220 in Singapore, $130 in the United Kingdom and a whopping $400 in Glendale, California. And losses loom larger than gains, behavioral scientists say. So that principle suggests that for policymakers trying to nudge people’s public behavior, it may be better to take away than to give.
How are restaurants recovering?
Nearly 100,000 restaurants are closed either permanently or for the long term — nearly 1 in 6, according to a new survey by the National Restaurant Association. Almost 4.5 million jobs still haven’t come back. Some restaurants have been able to get by on innovation, focusing on delivery, selling meal or cocktail kits, dining outside — though that option that will disappear in northern states as temperatures fall. But however you slice it, one analyst said, the United States will end the year with fewer restaurants than it began with. And it’s the larger chains that are more likely to survive.
Cheers to trustworthy journalism!
Give just $7/month to get your own KaiPA glass.