‘There’s Going to Be Pain’: Restaurant Chains Are Falling Like Dominoes as Inflation Under Biden-Harris Takes Its Toll

Red Lobster

Restaurant chains and operators are slated to have their most bankruptcies in decades apart from 2020, a Wall Street Journal analysis of Chapter 11 filings found Monday.

The bankruptcies seen this year are rivaling those seen during the COVID-19 pandemic in 2020, when restrictions and other pandemic-related disruptions caused the industry’s sales to fall $240 billion, according to the WSJ. The surge in bankruptcies comes as prices have increased over 20% since President Joe Biden took office in January 2021, raising operational expenses for restaurants and making customers less inclined to eat out.

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Study: After COVID Pandemic, Only 40 Percent of Americans Now Say They Trust Doctors

A stunning 50-state survey of U.S. adults has found that trust in physicians and hospitals collapsed during the COVID-19 pandemic, going from from 71.5 percent in April 2020 to 40.1 percent in January 2024.

Roy H. Perlis, MD, MS, Katherine Ognyanova PhD, and Ata Uslu, MS, researchers from the Center for Quantitative Health, Massachusetts General Hospital, Rutgers University, and Northeastern University, surveyed 443 455 individuals in every sociodemographic group aged 18 years or older residing in the US.

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Antidepressant Prescriptions for Youth Surged During COVID Pandemic

Therapist Session

A new study shows that the prescription of antidepressants for youth skyrocketed during the Chinese Coronavirus pandemic, rising by a staggering 65.3%.

As reported by Axios, the research from Pediatrics shows that the spike in such prescriptions may have been caused by a number of factors, including a shortage in mental health workers in schools and the shift towards remote forms of medical treatment such as “telehealth” and remote prescribing, which only contributed to a sense of isolation and depression brought on by the nationwide lockdowns.

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‘Serious Problems’: Global Plague of Recessions Could Infect U.S., Experts Say

Office Meeting

The recessions currently plaguing several major countries around the world could be what drags the U.S. into an economic downturn of its own, experts told the Daily Caller News Foundation.

Germany announced on Monday that it fell into a technical recession in the fourth quarter of 2023, after reporting its second month in a row of negative growth, following several other top nations experiencing economic difficulties. While the U.S. has managed to avoid a recession due to its size and diverse industries, foreign economic malaise may drag the U.S. economy down through changes to trade and global inflation that would lead to a loss for American businesses, experts told the Daily Caller News Foundation.

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