"Gradually it is dawning on people that the big losers in COVID-19 are fracking, airlines, hotels, restaurants, newspapers, and New York City. The first three are resilient because they have weathered many a business cycle but the latter three are devastated.
One industry in peril that does not get mentioned is the automotive industry, particularly those who service vehicles.
...COVID-19 hastens the newspaper industry's demise.
Local ads are all they have left and most local businesses are closed.
...There are plenty of stories about this because the media loves bemoaning its problems.
...Tax revenues will fall.
City services will falter.
Manhattan will be like it was in the 1970s again, only there is no young Donald John Trump on the horizon to reverse the fleeing, and there is no Rudy Giuliani to fight the crime.
This is tragic.
8 million people will suffer for a far longer time than most people realize.
...The New York Times is wrong.
COVID-19 will not kill small-town America.
Bristol will come back.
Car factories will re-open.
They will need Freudenberg parts.
No, COVID-19 is killing the biggest town in America."
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