Annus Horribilis: The Worst Yet to Come

Stephen Lendman

For most Americans, 2020 was disastrous for their safety, well-being and future.

Unprecedented numbers of people lost jobs — a greater percent of working-age Americans than in the 1930s Great Depression. 

Millions more became way underemployed earning poverty wages with few or no benefits — struggling daily to survive.

Well over 100,000 small businesses went bankrupt or otherwise shut down permanently because of draconian lockdowns, quarantines and related policies.

According to Gallup survey data, “Americans’ mental health ratings s(ank) to a new low” in 2020 — with no end to mass-misery in prospect.

Chicago’s Water Tower Place is the city’s preeminent downtown shopping mall along its Magnificent Mile.

Its survival is threatened by lack of enough retail traffic.

A city news report said there’s “real anxiety that Chicago’s main shopping districts — the Magnificent Mile and Gold Coast — are (at risk) of falling apart” for lack of enough revenue to keep operating.

The Illinois Retail Merchants Association said “economic fallout” from what’s going on “made it difficult for businesses to keep up with high downtown rents.”

What’s true about Chicago’s retail environment applies to the US nationwide — with no end of it in prospect looking ahead.

According to the National Restaurant Association, up to half of the nation’s restaurants may close permanently if the current environment continues or worsens — millions of jobs to be lost with them.…