GI Day 11 – Pre-session – Subject Identification Exercises – 2

The United States, Germany, France, and many other countries have poured trillions of dollars into their economies through tax cuts, cheap credit and cash handouts.

Identify the subject(s) in the sentence above.

Even as apps like Grubhub, Uber Eats and DoorDash have cast themselves as economic saviors for restaurants in the pandemic, their fees have become an increasing source of difficulty for the establishments.

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Beverly Kim, the chef at the Michelin-starred Parachute in Chicago, signed up to offer delivery through the Caviar app in March after the lockdowns began.

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Because they went into the crisis with limited ammunition to stoke growth, experimentation may prove even more crucial in the months and years ahead.

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That leaves little room for the base fees that the large delivery services charge small restaurants.

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In the United States, the Federal Reserve is buying municipal debt and corporate bonds and lending to midsize companies — embracing never-before-tried efforts to keep credit markets functioning.

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Peter Land, a spokesman for Grubhub, said Mr. Majesky paid higher fees than normal because he had chosen to take part in marketing programs that increased his restaurant’s visibility.

Which of the following is not a subject in the sentence above.

Those attempts, along with others elsewhere, go beyond what the monetary authorities did even in the darkest days of the 2008 global financial crisis.

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Chicago, Los Angeles, New York, Seattle and San Francisco have recently put into effect legislation or emergency rules to cap the apps’ fees until the lockdowns are over.

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Policymakers are going to new lengths in part because there had never been an economic shock like the one caused by the pandemic.

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In 18 interviews with restaurant owners and industry consultants, plus in lawsuits and social media posts, many said the apps also engaged in deceptive practices like setting up websites with inaccurate information for the restaurants, all without asking permission.

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The U.S. economy officially tipped into recession in February, the National Bureau of Economic Research declared on Monday.

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In early April, Uber Eats cut the fees that restaurants pay if they don’t use its drivers.

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It will be a potential concern as the economy turns around, if that turnaround is less than ideal.

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All the delivery services are now facing anger from smaller restaurants for giving priority in their apps to chain restaurants because of the volume the chains can bring.

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Central banks will have to work hard at supplying the extra push, the extra zip that they’d want to achieve.

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But even with the caps, 62 percent of local restaurants in San Francisco said in a survey last month that they were losing money on delivery and takeout.

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Some analysts warn there is a danger that central banks and elected officials will overshoot in their rush to prop up their economies.

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In the apps, the chains often appear at the top of the list of restaurants in any area, unless smaller restaurants pay additional fees to bolster their placement.

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According to that logic, they are flooding the world with cash at the same time that restaurants, airlines and retailers are being driven out of business.

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That will create an imbalance between demand and supply that will lead to higher prices.

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After The New York Times contacted Grubhub about the same issue at restaurants in Pittsburgh and Chicago, it took down the incorrect language.

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Unemployment in the United States fell to 13.3 percent in May, suggesting that the early stage of that rebound is already underway.

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Given the urgency of avoiding that outcome, some economists think central banks could push their boundaries even further in the years ahead to bring back demand.

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That was when the fees to the delivery companies turned into the restaurant’s single largest cost.

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