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We have redoubled our efforts to support them.
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They’re probably not done yet.
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Rock-bottom interest rates should help.
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Caviar offered her a month of service without taking any commissions.
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In effect, the central bank is paying commercial banks to hand out loans.
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Pierogi Mountain’s primary delivery company, Grubhub, took more than 40 percent from the average order.
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In Europe and Japan, rates were already negative going into the crisis.
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Today, rates are around 0.8 percent, leaving far less room to lower them.
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That flipped his restaurant from almost breaking even to plunging deeply into the red.
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But a more pessimistic reality also looks possible.
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One local delivery company in Texas, Favor, eliminated all commissions for independent restaurants at the beginning of the lockdowns.
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Faced with a crisis unlike any other in memory, central bankers have embarked on new efforts to keep credit flowing and to set the stage for an economic turnaround.
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In late April, Pierogi Mountain shut down.
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The European Central Bank is accepting recently downgraded junk bonds as collateral in return for cheap loans.
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From Chicago, Pittsburgh and Tampa, Fla., to Boise, Albuquerque and Richardson, Texas, restaurant owners have taken to social media to express their unhappiness.
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Central bankers entered the crisis with low interest rates, leaving them less room to goose growth using their tried-and-true tools.
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A Denver restaurant, Freshcraft, sued Grubhub last month, accusing it of creating websites for restaurants without their consent.
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In the program’s first two months, it generated an average of $37 for each restaurant, according to Uber’s figures.
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But appetite for further fiscal action is eroding in some places, including the United States.
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The gap between the success of the apps and the pain of the restaurants is striking.
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Spending at restaurants in recent weeks dropped about 35 percent from a year earlier.
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At the heart of the issues is some basic math.
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For the typical restaurant, fixed costs such as labor, food and rent eat up around 90 percent of the money coming in.
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Everyone is trying to help us — our landlord, New York City, our customers.
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After being contacted by The Times, Grubhub paid back Mr. Constantinou for the charges from that night and more recent, similar instances.
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