(Bloomberg) — Shelter-in-place orders by U.S. state and local governments did more to combat the spread of the coronavirus than business closures while destroying fewer jobs, researchers at the University of Pennsylvania said in a new study released Wednesday.
Interventions “that target individual behavior (such as stay-at-home orders) were more effective at reducing transmission at lower economic cost than those that target businesses,” economist Kent Smetters and analysts Alexander Arnon and John Ricco wrote.
The paper is one of several being presented Thursday at a conference hosted by the Brookings Institution in Washington studying the impact of Covid-19 on
Is your Sur La Table closing? The kitchen goods retailer is liquidating more stores by the end of September
Going-out-of-business liquidation sales are now underway at 17 additional Sur La Table stores.
The Seattle-based luxury kitchen goods retailer filed for Chapter 11 bankruptcy protection in July and announced plans to close 51 of its 121 stores while looking for a buyer for remaining locations. Five locations were listed as permanently closed in July.
According to a news release Friday, liquidation firms Great American Group, SB360 Capital Partners and Tiger Capital Group are managing the sales at the closing stores, which started Aug. 28, and the initial discounts are up to 30% off original prices, the release said.
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