Posted on 07/17/2023 5:58:23 AM PDT by george76
San Francisco-based companies leaving The Golden City because of drop in revenue
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San Francisco, California-based tech CEO Mark Benioff says the city will never go back to the way it was ...
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Golden City is struggling to keep businesses intact, leaving many buildings vacant..
office vacancy rates in San Francisco were 24.8% in the first quarter, more than five times higher than pre-pandemic levels and well above the average rate of 18.5% for the nation’s top cities,
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For San Francisco, the three-year exile resulted in empty storefronts with large "going out of business" signs hanging from windows.
Popular shops like Uniqlo, Nordstrom Rack and Anthropologie have left, toiletries like shampoo and toothpaste are locked up at pharmacies, and places like Gucci get hit by armed robbers in broad daylight.
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cities that relied on tax revenue from those businesses are seeing their income dwindle and could respond by raising taxes and reducing services, which may make conditions worse for the residents who stayed put.
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Benioff’s company is San Francisco’s largest employer and the anchor tenant of the tallest skyscraper in the city.
He recently said downtown is "never going back to the way it was"
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Many businesses that made their mark on the world are being forced to shut down, though.
For example, Anchor Brewing Co., which opened during the California Gold Rush 127 years ago, announced last week it was shutting down due to a "combination of challenging economic factors and declining sales since 2016."
AT&T, Westfield and Nordstrom said last month it would be vacating their locations downtown, and Gap, which opened its flagship store in San Francisco in 1969, closed its flagship and Old Navy stores near Union Square.
(Excerpt) Read more at foxbusiness.com ...
And to add to the misery index, no more Anchor Steam…
Sure they could, like we voted for Trump. After witnessing the las election do you really believe people actually vote for these scumbags?
Sure and the people of Venezuela loved their government so much they voted it back in overwhelmingly.
Ii fear you can vote these people in but you can never vote them out.
I may have posted this before, but on my last trip to San Francisco, just before the lockdowns, I met a couple from Chicago who recently retired to San Francisco. When asked Why, they replied that they wanted to live out their last years in the most liberal city in the US. I do hope they’re enjoying it.
San Fran is the new Detroit. It has its day, as the tax base drops it can’t sustain its services. Crime becomes rampant, more people move out. Death spiral.
It takes decades to crawl back from. Detroit, while now being far from its bottom, is still plagued with blighted areas.
Nothing wrong with San Francisco that a good earthquake or fire couldn’t fix.
Exactly, it really is that simple.
gee, do I have some extra care stored someplace? Hmm, no I don’t
The lockdowns were effective - at killing small businesses and shrinking our economy.
When I was done he puffed out his chest and said “When I was 17, I volunteered for Hitler’s Army.”
The rest is in the Police Report??
Something along the lines of, ya busted his chops and said, “Best regards from General Patton”?
Proposition 187 was voted in by CA voters but the courts stopped it from taking place. It regarded benefits for illegal immigrants. I lived in California at the time. At that point it was quite obvious that our votes didn’t matter. This was back in the 80s I believe.
https://www.history.com/this-day-in-history/anti-immigrant-prop-187-approved-in-california
He was a good neighbor and took good care of his American-born wife who had cancer. When she needed assisted living, they moved in together even though he was still healthy.
I stayed away from the obvious topics, concentration camps, etc.
I positively mentioned Reagan’s deregulation of the airline industry. He would have none of it, no matter how I proceeded.
He totally rejected any form of de-regulation. As far as he was concerned, there was regulation and occasionally more regulation, but that did not rule out the possible need for yet more regulation. Regulation goes one way only. I’ve talked to average Americans who think the same way. It’s kind of like fine-tuning your car where you occasionally add parts but must never take any away. This story repeats again with our laws, where laws are added, but hardly any are repealed.
Hitler’s party was the German National Socialist Party. Talking to the old Nazi, the socialism part came through loud and clear. Government can do no wrong. Any apparent wrong can be explained away. He had little trouble labelling people in the private sector as “crooks.”
By the way, I have a relative who was in a concentration camp. She never talked about it. She may have been too young to understand what was going on around her, especially if adults kept her sheltered. She was liberated by the US Army, came to Ellis Island, studied, and passed her naturalization tests.
She could keep a grudge about the past. Her father did not get the inheritance that he deserved. It all went to his brother, my grandfather. I got the impression that changed everything. Perhaps in some biblical sense, he lacked his father’s Blessing.
Blame it on the pandemic, not the terrible election results and keeping the shelves cleared through shoplifting.
I think there’s merit to be found there.
Yeah, if our precincts weren’t to filled with Ds.
How can the SF people not wake the heck up?
It makes you wonder about their mental health... well maybe
not. The guessing is over with. It’s obvious.
In 2-3 years, our federal debt will approach $40 Trillion. Annual interest on that debt will be $2 Trillion (+/-). We know that’s not sustainable, as that amount is twice the current defense budget.
It is an interesting study of what happened.
Democrats do not understand the concept of “cause and effect.”
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