Moskow: Conagra management ‘highly incentivized’ to drive EPS growth

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NEW YORK — Stating its belief that the company is now tracking toward the high end of its long-term sales algorithm of 1% to 2% due to the benefits of increased trial and repeat during the coronavirus (COVID-19) pandemic, Credit Suisse on June 16 raised its fiscal 2020 earnings-per-share estimate for Conagra Brands, Inc. to $2.22, up from $2.18. The New York-based research firm maintained its fiscal 2021 estimate of $2.30 per share.

In the report, research analyst Robert Moskow said the Chicago-based company’s retail sales growth has exceeded Credit Suisse’s expectations.

“Our 24% growth estimate for 4Q (including 6% for the 53rd week) is above consensus of 19% because our Nielsen tracking data indicates that retail sales growth of Conagra’s retail divisions reached 34% in the quarter, well above our expectations three months ago,” Mr. Moskow said. “We think we are being appropriately conservative by factoring in a 3% headwind in the quarter from inventory de-loading and temporary shutdowns at some of Conagra’s frozen foods plants related to COVID-19. But, similar to Campbell, it is possible that the headwind might be bigger than we expect.”

Mr. Moskow also noted that Conagra’s management team is “highly incentivized” to drive EPS growth.

“Achieving FY 21 EPS of $2.28 is highly meaningful for top management because it represents the very low end of the company’s threshold for performance share awards for the three-year FY ‘19-‘21 period in its executive compensation plan,” he said. “(The EPS estimate of) $2.28 represents 25% of the target, $2.50 represents 100%, below $2.28 represents a zero payout.  In addition, the target for the next three-year cycle for FY ‘20-‘22 means a lot for shareholders because it will provide some perspective as to whether the board views the company’s FY ‘22 guidance of $2.66 to $2.76 as a base case or as a stretch.”

Credit Suisse set a target price of $36 for Conagra, up from the company’s price of $33.33 on June 15. Mr. Moskow said faster-than-expected deceleration of at-home food consumption from the easing of social distancing restrictions represents the biggest downside risk to Credit Suisse’s target price for Conagra.

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Sushant Singh Rajput passes away: Dibakar Banerjee says more talent, hard work required for ‘outsiders’ than ‘established entertainment elites’ – Firstpost

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Filmmaker Dibakar Banerjee has revealed that he remembers Sushant Singh Rajput as a boy from an engineering college, who having made it in Bollywood was “totally focused” on his craft.

In an interaction with news agency Press Trust of India, Banerjee fondly recalled how the actor always had a “book or two” on him and took pride in the fact that he had a life away from the “shallower aspects of showbiz.”

Dibakar Banerjee and Sushant Singh Rajput. Image from Twitter

The director, who had worked with Rajput in the 2015 film Detective Byomkesh Bakshy! spoke on the actor’s death and revealed that the “biggest unfairness” is that “it takes double the talent, energy and hard work for an outsider to convince the audience and the industry that he or she is as safe a box office bet as a mediocre, unmotivated and entitled establishment elite.”

(Also read on Firstpost -Sushant Singh Rajput passes away: The unspoken hierarchies in Bollywood and what it means to be an ‘outsider’)

He further said that the media often engages in family and celebrity worship, which can be frustrating for those in the limelight. “Those who can let this slide survive. Those who can’t – those who hurt a little more or are vulnerable and impressionable – they are at risk.”

Banerjee is not the only celebrity to have spoken up against practices in the Hindi film industry following the passing of Rajput on 14 June.

Ranvir Shorey recently wrote a series of tweets on the “inherited privilege” that the elite club of Bollywood enjoys and gets to decide who will be a star. Elaborating on the so-called ‘gatekeepers’ of the film industry, Shorey wrote that it was time something was said about the “games they play, and their two facedness” and the “power they wield with zero accountability”.

Earlier, celebrities like Shekhar Kapur, Gulshan Devaiah, and Anubhav Sinha too pointed at the contribution of the “Bollywood privilege club” in the actor’s death.

Here is Kapur’s tweet

Saif Ali Khan had expressed his dismay over people who “talking rubbish “on social media during the time of the tragedy. He criticised the sudden “outpouring of love from people who obviously didn’t care about him (Rajput), and people who famously don’t care about anybody else.”

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A collection of Suicide prevention helpline numbers are available here. Please reach out if you or anyone you know is in need of support. The All-India helpline number is: 022 2754 6669



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COVID-19 hot-spots: These districts are at risk of ‘tighter regulations’

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Although South Africa moved forward together in its shift to Level 3 this month, the decision came with a caveat: Regions struggling with high COVID-19 infection rates could be lumped with ‘tighter lockdown regulations’. Sadly, the major hot-spots in the country are failing to turn the tide.

COVID-19: The worst affected parts of South Africa

With a 74% share of national fatalities, it’s hard to look past the south-west as South Africa’s most troublesome location. But that doesn’t mean everywhere else is off the hook. As the government weigh-up a move to ‘Advanced Level 3’ of lockdown, they are also considering how to handle our major hot-spots.

We’ve looked at the areas experiencing the worst COVID-19 flare-ups, and produced a list of the most vulnerable areas and their sub-districts. Should the government act on their promise, these regions may fall behind the progress being made by other parts of SA:

COVID-19 hot-spots – who could be hit with tougher restrictions?

Western Cape

  • The City of Cape Town and its worst districts

More than 87% of all of the Western Cape’s cases have come in its biggest municipality. A whopping 30 528 infections have been reported in Cape Town alone, which also makes up about 42% of all cases nationwide.

The Western Cape figures vary – as well as harbouring the worst-hit district in Mzansi, it is also home to the Central Karoo, where just three cases of coronavirus have been reported so far. However, another cause for concern in the Cape Winelands municipality…

They’ve now got more than 3 000 infections to report, and the district is the Western Cape’s second most-affected area. Infections are rising as sharply here as they are in the major metropolitan area of Tshwane. The sub-districts of the Drakenstein and Breede Valley feature in the Western Cape’s top 10 list of hot-spots.

  • Tygerberg, City of Cape Town: 5 394 cases.
  • Khayelitsha, City of Cape Town: 4 581 cases.
  • Kilpfontein, City of Cape Town: 4 241 cases.
  • Southern Suburbs, City of Cape Town: 3 613 cases.
  • Mitchell’s Plain, City of Cape Town: 3 544 cases.
  • Eastern Suburbs, City of Cape Town: 3 422 cases.
  • Northern Suburbs, City of Cape Town: 3 420 cases.
  • Western Suburbs, City of Cape Town: 2 303 cases.
  • Drakenstein, Cape Winelands: 1 418 cases.
  • Breede Valley, Cape Winelands: 678 cases.

Gauteng

  • City of Johannesburg in a league of its own, with Ekurhuleni lurking behind

Just under 53% of all cases in Gauteng have occurred in Johannesburg, which has reported over 6 000 COVID-19 patients. One in nine infections in South Africa have either taken place here or in Ekhurhuleni.

The inner city of Johannesburg and its southern suburbs are the most problematic parts of this badly-affected region. Ekurhuleni North – home to Kempton Park, Edenvale, Thembisa, Bapsfontein – is also clocking over 100 new infections per day. This is a worrying number for any single sub-district

Eastern Cape

  • The second-highest fatality rate in the country

The Eastern Cape is still behind Gauteng for COVID-19 cases but overtakes the province when it comes to fatalities. The death rate in the EC is three times higher than it is in the north-east. On Saturday, the Eastern Cape endured its highest daily increase in active cases, soaring by over 800 in a single 24-hour period. Port Elizabeth, as the region’s biggest metro, is responsible for a majority of infections in the Eastern Cape.

(All data has been provided by covid19sa.org)



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Pence falsely claims Oklahoma has ‘flattened the curve’ ahead of Trump rally

In Tulsa on Saturday, Donald Trump will hold his first campaign rally since March, a showpiece event as the administration seeks to reopen a US economy battered by the coronavirus outbreak.

At the White House on Monday, Mike Pence claimed that “in a very real sense”, Oklahoma had “flattened the curve” of new Covid-19 infections. Pence leads the White House coronavirus task force and will attend the rally. In the president’s presence, he may have felt a need to be bullish.

“Today their hospital capacity is abundant,” the vice-president added, “the number of cases in Oklahoma has declined precipitously and we feel very confident going forward with the rally this coming weekend.”

But what he said was untrue.

At the weekend, Oklahoma reported its highest daily total of new Covid-19 cases, 225, since the pandemic began. On Sunday, Tulsa county reported its largest single-day increase since early March.

According to researchers at Johns Hopkins University in Maryland, the US has recorded more than 2.1m cases of Covid-19, and more than 116,000 deaths. The same count records 8,417 cases in Oklahoma and 359 deaths and shows a most recent daily count of 186 new cases.

On Monday, state statistics showed the seven-day rolling average for new cases in Tulsa county was 65, up on a previous peak of 26 in early April.

The White House is demanding that attendees at the rally sign a waiver, clearing the campaign of responsibility should they contract the coronavirus.

Tulsa’s chief public health officer and the Tulsa World newspaper have called on Trump to cancel the rally. It has already been moved back a day to avoid a clash with Juneteenth, the day on which African Americans celebrate the end of slavery, during nationwide protests over police brutality and racism.

On Monday Bruce Dart, Tulsa’s chief public health officer, told the World: “I want people to be safe, and it hurts my heart to think that there’s a potential that we’re going to have something here where people become exposed to an illness. We’ve seen how devastating it’s been across the board in this country, and I don’t want it to happen to anybody here.”

Trump, meanwhile, claimed “Almost One Million people request tickets”. The BOK Center venue holds 19,000. A convention center nearby will extend capacity to around 62,000. Campaign manager Brad Parscale perhaps indicated the true purpose of the promotional effort when he heralded the “biggest data haul and rally signup of all time by 10x”.

On Monday, as reports circulated of donors in New Jersey being stringently tested before being ushered into Trump’s presence, Parscale said of the rally: “Before entering each guest will get: Temperature check, Hand sanitizer, Mask.”

Trump has notoriously refused to wear a mask. Public health experts including Dr Anthony Fauci say the US may avoid a second wave of the virus if people take precautions including wearing masks and maintaining 6ft social distancing rules.

Oklahoma’s Republican governor, Kevin Stitt, backs the president’s visit and attributes rising cases in his state to increased testing.

“It is in the United States. It is in Oklahoma,” Stitt said on Monday. “And we can’t let [coronavirus] dictate our lives. We have to go about our lives, but we are going to do it with every precaution possible.”

At the White House, Trump revealed his thoughts on the efficacy of testing.

“If we stop testing right now,” the president said, “we’d have very few cases, if any.”



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New Jersey police officers pull unconscious man from burning car

A pair of fishermen, an EMT, and two police officers rescued an unconscious man from a burning car in Atlantic City, New Jersey.

       

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Low-Cost Drug Reduces Coronavirus Deaths, Scientists Say

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LONDON — Scientists at the University of Oxford said on Tuesday that they had identified what they called the first drug proven to reduce coronavirus-related deaths, after a 6,000-patient trial in Britain showed that a low-cost steroid could reduce deaths significantly for hospitalized patients.

The steroid, dexamethasone, reduced deaths by a third in patients receiving ventilation, and by a fifth in patients receiving only oxygen treatment, the scientists said. They found no benefit from the drug for patients who did not need respiratory support.

Matt Hancock, Britain’s health secretary, said doctors in the country’s National Health Service would begin treating patients with the drug Tuesday afternoon.

The government started stockpiling dexamethasone several months ago because it was hopeful about the potential of the drug, Mr. Hancock said, and now has 200,000 doses on hand.

“Dexamethasone is the first drug to be shown to improve survival in Covid-19,” one of the chief investigators for the trial, Peter Horby, who is a professor of emerging infectious diseases at the University of Oxford, said in a statement. “The survival benefit is clear and large in those patients who are sick enough to require oxygen treatment.”

  • Updated June 12, 2020

    • Does asymptomatic transmission of Covid-19 happen?

      So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement.

    • What’s the risk of catching coronavirus from a surface?

      Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.

    • How does blood type influence coronavirus?

      A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study.

    • How many people have lost their jobs due to coronavirus in the U.S.?

      The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.

    • Will protests set off a second viral wave of coronavirus?

      Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission.

    • How do we start exercising again without hurting ourselves after months of lockdown?

      Exercise researchers and physicians have some blunt advice for those of us aiming to return to regular exercise now: Start slowly and then rev up your workouts, also slowly. American adults tended to be about 12 percent less active after the stay-at-home mandates began in March than they were in January. But there are steps you can take to ease your way back into regular exercise safely. First, “start at no more than 50 percent of the exercise you were doing before Covid,” says Dr. Monica Rho, the chief of musculoskeletal medicine at the Shirley Ryan AbilityLab in Chicago. Thread in some preparatory squats, too, she advises. “When you haven’t been exercising, you lose muscle mass.” Expect some muscle twinges after these preliminary, post-lockdown sessions, especially a day or two later. But sudden or increasing pain during exercise is a clarion call to stop and return home.

    • My state is reopening. Is it safe to go out?

      States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people.

    • What are the symptoms of coronavirus?

      Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.

    • How can I protect myself while flying?

      If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)

    • Should I wear a mask?

      The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing.

    • What should I do if I feel sick?

      If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.


Professor Horby said that dexamethasone should now become the “standard of care in these patients,” noting that it was inexpensive, widely available and could be used immediately.

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Katrina Kaif is staying fit and injury free in lockdown for Ali Abbas Zafar’s superhero action flick : Bollywood News – Bollywood Hungama

It was recently when filmmaker Ali Abbas Zafar confirmed the news that he is indeed making a big-budget superhero film with Katrina Kaif. The filmmaker said that it was about time women took center stage in the superhero genre in India.

Speaking to a daily, Ali revealed that he started writing the story after 2017 blockbuster Tiger Zinda Hai where Katrina showcased her prowess in action. He knew she had the body type and to pull off a full-blown action project.

Her lockdown routine entails her to stay fit and injury-free. Ahead of the shoot, she will require to undergo rigorous training. The filmmaker hopes to go on location scouting soon. Ali said that it is a project where locations play a crucial role. He said that it all depends on the situation and the state of international flights since they have a foreign crew.

ALSO READ: “It will be a full-on female action film”, Ali Abbas Zafar talks about his Superhero film with Katrina Kaif

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Through Their Breakups, They Were Always Friends

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Because marriage is an ever-evolving experience, we constantly shift, change and, in some cases, start over. In It’s No Secret, couples share thoughts about commitment and tell us what they have learned, revealing their secret to making it work. (Answers are edited for context and space.)

Who Sharene Wood, 47, and Guy Wood, 57

Occupation The couple own and run 5001 Flavors, a custom apparel and accessories brand that caters to people in the entertainment industry, and Harlem Haberdashery, a bespoke clothing boutique, both based in New York.

Their Marriage 13 years, 1 month and counting

The couple were married May 6, 2007 at the Palms Hotel in Miami Beach before 175 guests. Mr. Wood’s oldest son was the best man. “I designed and had all of the suits custom made,” said Mr. Wood, who dressed his seven groomsman in white silk shirts and matching white dinner jackets and black pants. “I wanted a uniformed look that would be timeless rather than crazy.”

The couple have a daughter, Sydney, 12. Mr. Wood has two sons, Jordan, 22, and Guy Jr., 31, and a daughter, Brittny, 33, from previous relationships.

Sharene Barnett and Guy Wood met in 1989 at a diner in the Bronx. “I didn’t notice him, but he noticed me,” she said. “He approached me and introduced himself. He asked for my number and called the next day.”

Their first date was at a restaurant in the East Village. She liked him, but was only 18 at the time and not ready for a relationship. Her sights were set on applying to colleges. He was almost 10 years older and had two children from past relationships. So rather than date, they became friends. A year went by. She was accepted to Columbia. In 1991, their friendship evolved into dating.

“I wasn’t thinking marriage, but I realized we were very like-minded and we loved being together,” she said.

During this time Mr. Wood was approached by a record producer to start a clothing company for people in the music industry. He brought Ms. Barnett on board. By the summer of 1993, the pair moved in together. While the business was moving forward, the relationship was not. “Guy wasn’t behaving well or making good relationship decisions,” she said. “He wasn’t ready to commit. Our romantic life fell apart. Only the business was sustaining us.”

The couple broke up in 1996. She moved out and found her own apartment, and herself. “I stepped into who I was,” she said. ‘I wasn’t dating, I was enjoying my independence.” Mr. Wood saw other people. He had another child. Years went by. Both the business and their friendship continued to grow. In June 2006, during dinner at a restaurant in Harlem Mr. Wood had a sobering moment. “He said, ‘Everything I’m looking for you are. It took me a long time to realize that,’” she said. “I was so relieved and happy. I realized he’d grown into who I wanted him to be.” They became a couple again that night. Ten months later they were married.

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Mrs. Wood Guy is creative, resourceful and brings joy and energy into a room. He lights up my world. I’m very practical and rigid. I’ve given him vision and clarity around his life. He’s taught me to dream more. His carefree ability has made me less stressful and unburdened me.

When I was single, I learned I could stand on my own. Sometimes you have to pick loving yourself over the relationship. That makes it easier to come back to a relationship. We always had this human connection and I’ve always loved him. But he wasn’t my husband until he grew into it. Now that he has, life with him has been amazing.

I’ve learned friendship and love can coexist in the same place and space, that we’re strong in our own way, but together we’re more so.

Marriage taught me people really can change — and for the better. It is an evolution of self, and this other person you’re with. I’ve learned who you are when you get married is not who you are in the marriage. You have to love and trust each other in order to go to the next level of your life. Partnership is not always 50/50. There are days, weeks, even months when it’s not. Sometimes one person takes the lead. That it’s a “we,” and how does this help “we” rather than how does this help me.

In this marriage, Guy blossomed into the man and father I knew he could be. Marrying him was the right decision. I’m happy; I love this man. I love how we weathered a storm and came back together. Our breakup was part of the journey. If we didn’t take that break, we wouldn’t be where we are, and be who we are.

Mr. Wood I was very immature when I met Shay. I’d been in a lot of bad relationships. I’d been hurt. I’d been cheated on. Then I did that same thing to someone else. It took me time to realize I didn’t like who I was becoming. Shay was nothing like that. I knew I was hurting her, which is why we broke up. I didn’t want to destroy her or our friendship, especially when she was the only one who had been there for me. She was my best friend. I’d never had that before. I was waiting for her to put her foot down. And when she did I realized I needed to grow up. That took 10 years.

Since we got married, I’ve learned how to be a we, not an I. I’ve learned to stop running after the shiny stuff; to be honest with myself and with her; to step up, become trustworthy and accountable. She’s given me confidence and made me a better person. She taught me how to make a plan and to care enough to have one. She’s taught me how to be the man I’m supposed to be for her and our family, not the man the world thinks I am. I’ve learned to take a walk, rather than run away. If something didn’t go the way I wanted I was gone.

My wife was strong enough to weather the storms I created and love me anyway. I’ve never lived by myself so I never got a chance to find myself. I found myself with Shay.

I don’t need anything but my family, who I now put first. I make sure she’s good. I’ve learned that’s not hard to do. I thought it was, but I’ve learned seeing her happy is everything.

Like so many roommates, partners spouses and families, the couple and their children have been staying at home because of the coronavirus.

Mrs. Wood We’re trying to be optimistic in terms of living with the virus. We’re home trying to process and reassess everything that’s happening. It’s a lot to digest. We’re both home now, and our daughter is doing home schooling. Rather than panic, we’re trying to take it all in and remember how much we love each other. I realized I could do more with less, and be more financially responsible and resourceful.

Mr. Wood When the coronavirus started, I didn’t take it seriously. Now I do. It’s given me a greater appreciation for life and for having a close family. It’s made me hold onto my family tighter because it took me so long to get there. This has been a time of contemplation and for gratefulness.

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Dining in the Street? As Restaurants Reopen, Seating Moves Outdoors

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As restaurants around the country look to reopen during the coronavirus pandemic, outdoor seating is becoming a survival option, and local governments are helping by cutting red tape.

If a restaurant in Louisville, Ky., for instance, had wanted to offer dining service on a patio before the pandemic, it would have had to apply for a permit, pay fees of $1,150 — and then wait, for up to six months.

Not so today.

To help restaurants get back on their feet after the coronavirus-induced shutdown, the city has waived its fee for outdoor dining and substantially shortened the processing time for applications. The approval for outdoor seating, which involves neighborhood review of a restaurant’s plans, used to take three to six months. Now, the wait is a couple of days.

“We’re loosening up a bit,” said Louisville’s mayor, Greg Fischer.

This scenario is being repeated across the country as local governments rapidly rewrite the rules about how restaurants can operate when they reopen after quarantine shutdowns battered their businesses. And the cost for restaurants to open outdoor seating can be as low as a few thousand dollars.

The leisure and hospitality industry, which includes restaurants, suffered severe losses in April, shedding more than seven million jobs, but bounced back in May as furloughed employees returned to work.

With the spread of the coronavirus still a danger, many states are requiring that restaurants reduce their capacity to 25 to 50 percent of normal operations to ensure there is at least six feet between tables, in keeping with social-distancing practices. Some, like New Jersey, are prohibiting indoor dining altogether for the time being.

However, even as states take away capacity in the name of public safety, local officials are trying to give at least some of it back by allowing eating establishments to expand onto patios and parking lots, and even city sidewalks and streets. But the moves are disrupting neighborhoods and costing cities much-needed tax revenue.

The effort appears to be paying off. OpenTable, a provider of online restaurant reservations, has counted a tenfold increase in outdoor seating this spring compared with a year ago.

The restaurant industry supports the new flexibility on outdoor seating as a way to help restaurants regain their footing. Restaurants lost more than $120 billion in sales during March, April and May, according to the National Restaurant Association. The trade group also said that 3 percent of restaurants that responded to its surveys had already closed permanently because of the pandemic, and an estimated eight million restaurant employees are still out of work.

But the risk of contracting the coronavirus remains for patrons and employees. As of Saturday, coronavirus cases were climbing in 22 states amid reopening plans. Several Florida bars voluntarily closed their dining rooms recently after workers tested positive for the virus.

And some are wondering what it says about local regulations concerning outdoor seating if they are so easily swept away.

Pre-pandemic rules sought to ensure that restaurants adhere to health and fire safety codes, provide equal access to those with disabilities and protect neighbors from noise and disruption. The new practices raise equity issues, with some critics arguing that allowing restaurants to expand outdoors effectively favors customers over everyone else in a neighborhood.

Some cities could lose revenue, too. Procedures vary by municipality, but in many places, government agencies that review applications for outdoor dining solicit community feedback. Application and annual renewal fees in some places can add up to several thousand dollars a year. Some cities charge fees based on the amount of outdoor space used.

But with restaurants in dire straits and the clock ticking before some go under, governments are reducing or waiving fees and quickly approving plans they previously may have taken months to process.

“What you’re seeing now is the expediency of helping people instead of spending the time asking everyone if it’s OK,” said Matthew Kwatinetz, director of the Urban Lab at the Schack Institute of Real Estate at New York University’s School of Professional Studies.

The new open-air seating arrangements not only help the restaurant industry recapture lost business, they also appeal to customers who want a restaurant meal but are wary of venturing inside, where the virus can spread more easily, as studies have shown. In a recent survey by the online publication Slate, 36 percent of respondents said they would eat at a restaurant outdoors, while only 15 percent said they would eat at a restaurant indoors with reduced seating.

Restaurants in suburban and rural areas may be able to add tables on their own property.

When Craft House in Dana Point, Calif., reopened after a two-month quarantine, it had to reduce seating indoors. But the restaurant also got the green light to turn 11 of the 20 spots in its parking lot into an impromptu dining area, strung with lights. Total cost: around $5,000.

“Luckily, there have been no issues from the neighbors,” said Blake Mellgren, the proprietor and executive chef.

In urban areas where restaurants may not have private outdoor space, governments are letting them set up tables on sidewalks, streets and public plazas. Even on-street parking spots are being used for impromptu seating areas known as parklets or streateries.

When Florida allowed restaurants to reopen at 25 percent capacity in early May, Tampa experimented with some of these approaches in a two-week pilot program. It suspended permit requirements for sidewalk seating, and it allowed restaurants to use adjacent on-street parking spaces for dining spots set off by planters, fences and traffic cones. Fire safety and accessibility requirements remained in effect.

The city also closed several streets to vehicle traffic, creating “cafe and retail zones” that were monitored by the police and code enforcement officers. To prevent people from milling around while waiting for tables, the city established a “no seat, no service” policy and asked people to make reservations.

In Tampa, some restaurants pushed back, arguing that road closures hindered businesses because they eliminated through traffic and made it more difficult for customers to pick up takeout orders. But city officials deemed the pilot an overall success and have allowed some streets to remain closed and the sidewalk seating to continue, said Carole Post, administrator for development and economic opportunity.

  • Updated June 12, 2020

    • Does asymptomatic transmission of Covid-19 happen?

      So far, the evidence seems to show it does. A widely cited paper published in April suggests that people are most infectious about two days before the onset of coronavirus symptoms and estimated that 44 percent of new infections were a result of transmission from people who were not yet showing symptoms. Recently, a top expert at the World Health Organization stated that transmission of the coronavirus by people who did not have symptoms was “very rare,” but she later walked back that statement.

    • What’s the risk of catching coronavirus from a surface?

      Touching contaminated objects and then infecting ourselves with the germs is not typically how the virus spreads. But it can happen. A number of studies of flu, rhinovirus, coronavirus and other microbes have shown that respiratory illnesses, including the new coronavirus, can spread by touching contaminated surfaces, particularly in places like day care centers, offices and hospitals. But a long chain of events has to happen for the disease to spread that way. The best way to protect yourself from coronavirus — whether it’s surface transmission or close human contact — is still social distancing, washing your hands, not touching your face and wearing masks.

    • How does blood type influence coronavirus?

      A study by European scientists is the first to document a strong statistical link between genetic variations and Covid-19, the illness caused by the coronavirus. Having Type A blood was linked to a 50 percent increase in the likelihood that a patient would need to get oxygen or to go on a ventilator, according to the new study.

    • How many people have lost their jobs due to coronavirus in the U.S.?

      The unemployment rate fell to 13.3 percent in May, the Labor Department said on June 5, an unexpected improvement in the nation’s job market as hiring rebounded faster than economists expected. Economists had forecast the unemployment rate to increase to as much as 20 percent, after it hit 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II. But the unemployment rate dipped instead, with employers adding 2.5 million jobs, after more than 20 million jobs were lost in April.

    • Will protests set off a second viral wave of coronavirus?

      Mass protests against police brutality that have brought thousands of people onto the streets in cities across America are raising the specter of new coronavirus outbreaks, prompting political leaders, physicians and public health experts to warn that the crowds could cause a surge in cases. While many political leaders affirmed the right of protesters to express themselves, they urged the demonstrators to wear face masks and maintain social distancing, both to protect themselves and to prevent further community spread of the virus. Some infectious disease experts were reassured by the fact that the protests were held outdoors, saying the open air settings could mitigate the risk of transmission.

    • How do we start exercising again without hurting ourselves after months of lockdown?

      Exercise researchers and physicians have some blunt advice for those of us aiming to return to regular exercise now: Start slowly and then rev up your workouts, also slowly. American adults tended to be about 12 percent less active after the stay-at-home mandates began in March than they were in January. But there are steps you can take to ease your way back into regular exercise safely. First, “start at no more than 50 percent of the exercise you were doing before Covid,” says Dr. Monica Rho, the chief of musculoskeletal medicine at the Shirley Ryan AbilityLab in Chicago. Thread in some preparatory squats, too, she advises. “When you haven’t been exercising, you lose muscle mass.” Expect some muscle twinges after these preliminary, post-lockdown sessions, especially a day or two later. But sudden or increasing pain during exercise is a clarion call to stop and return home.

    • My state is reopening. Is it safe to go out?

      States are reopening bit by bit. This means that more public spaces are available for use and more and more businesses are being allowed to open again. The federal government is largely leaving the decision up to states, and some state leaders are leaving the decision up to local authorities. Even if you aren’t being told to stay at home, it’s still a good idea to limit trips outside and your interaction with other people.

    • What are the symptoms of coronavirus?

      Common symptoms include fever, a dry cough, fatigue and difficulty breathing or shortness of breath. Some of these symptoms overlap with those of the flu, making detection difficult, but runny noses and stuffy sinuses are less common. The C.D.C. has also added chills, muscle pain, sore throat, headache and a new loss of the sense of taste or smell as symptoms to look out for. Most people fall ill five to seven days after exposure, but symptoms may appear in as few as two days or as many as 14 days.

    • How can I protect myself while flying?

      If air travel is unavoidable, there are some steps you can take to protect yourself. Most important: Wash your hands often, and stop touching your face. If possible, choose a window seat. A study from Emory University found that during flu season, the safest place to sit on a plane is by a window, as people sitting in window seats had less contact with potentially sick people. Disinfect hard surfaces. When you get to your seat and your hands are clean, use disinfecting wipes to clean the hard surfaces at your seat like the head and arm rest, the seatbelt buckle, the remote, screen, seat back pocket and the tray table. If the seat is hard and nonporous or leather or pleather, you can wipe that down, too. (Using wipes on upholstered seats could lead to a wet seat and spreading of germs rather than killing them.)

    • Should I wear a mask?

      The C.D.C. has recommended that all Americans wear cloth masks if they go out in public. This is a shift in federal guidance reflecting new concerns that the coronavirus is being spread by infected people who have no symptoms. Until now, the C.D.C., like the W.H.O., has advised that ordinary people don’t need to wear masks unless they are sick and coughing. Part of the reason was to preserve medical-grade masks for health care workers who desperately need them at a time when they are in continuously short supply. Masks don’t replace hand washing and social distancing.

    • What should I do if I feel sick?

      If you’ve been exposed to the coronavirus or think you have, and have a fever or symptoms like a cough or difficulty breathing, call a doctor. They should give you advice on whether you should be tested, how to get tested, and how to seek medical treatment without potentially infecting or exposing others.


Cities in the Northeast are trying similar tactics.

In Hoboken, N.J., officials devised a small-business recovery strategy that went into effect on Monday. Restaurants may set up tables on sidewalks and parking spots until Oct. 15, when the new measures will be reassessed.

“A year ago, if you had asked any one of us to give up sidewalk space to businesses, we would have said absolutely not,” said Jennifer Giattino, president of the City Council and a proponent of the plan. “Now our thinking has changed to let’s try anything as long as it’s safe.”

Outdoor seating has its limits, of course, not the least of which is the weather. Although nice on a temperate day, it can lose its allure in rain or blazing or chilly days.

And alfresco tables may help some restaurants recapture some or all of the capacity lost indoors, but the strategy might not be enough for others to reopen, given current operating limits.

In Louisville, where indoor capacity is capped at 33 percent per state directive, some restaurants are taking a “lag and learn” approach, said Mr. Fischer, the mayor.

But Catherine Mac Dowall and Michael Kerrigan, proprietors of the farm-to-table restaurant Naïve, dived in.

The business partners, who are married, had long wanted to add seating in back of the building they rent in Louisville’s artsy Butchertown neighborhood. One thing that had always held them back were the “tons of hoops to jump through,” as Ms. Mac Dowall put it, to get everything approved.

But when she and her husband heard that the city had streamlined the process in its reopening plans, they quickly filled out a short online application. Once it was approved, they leveled the backyard, covered it with gravel and added tables.

The first day the new patio was open, almost all the restaurant’s customers sat outside.

Ms. Mac Dowall praised city officials for making the process so easy, while also expressing regret that the decision did not come sooner. “Why couldn’t it have been easier before?” she asked. “Why did it take a pandemic for the government to allow people to eat outside?”

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KKR and former Dean Foods CEO win bankruptcy auction for Borden

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Dive Brief:

  • Capitol Peak Partners and KKR & Co. won a bankruptcy auction for Borden Dairy, according to reports and court filings. Borden told Food Dive it can’t comment or discuss the transaction until it is approved.
  • A joint venture between Capitol Peak and KKR is expected to buy Borden’s assets out of bankruptcy. the deal still needs approval from the bankruptcy court. A hearing to approve it is scheduled for Thursday afternoon in Wilmington, Delaware. 
  • KKR is a major lender to the dairy company and previously owned Borden. Capitol Peak is led by Gregg Engles, a former chairman and chief executive of Dean Foods. Borden named Prairie Farms Dairy as a backup bidder.

Dive Insight:

About five months after Borden filed for Chapter 11 bankruptcy, the milk giant is being auctioned off to some familiar faces. 

KKR and Capitol Peak are no strangers to the struggles facing the dairy industry. If this auction is approved, KKR would be returning to Borden’s ownership. In 1995, KKR purchased Borden for $2 billion and took it private after about 68 years as a public company. However, KKR ended up selling off its brands and divisions during the next decade.

The firm did remain on as a lender over the years. When Borden filed for bankruptcy, it reportedly had roughly $250 million in secured debt, with a $175 million loan held by firms including KKR. The private equity firm used what it was owed on the loan toward the Borden bid, according to The Wall Street Journal. 

In January, KKR reportedly wasn’t pleased when Borden decided to file for bankruptcy because it thought the companies reached an agreement to avoid that, according to court documents cited by the Dallas Morning News. KKR also said the bankruptcy mostly helped another private equity backer, ACON Investments, which took a major stake in Borden in 2017.

Milk companies such as Borden have struggled in recent years with competition from milk alternatives, falling milk consumption, innovative startups and deeply discounted private label offerings. Borden once had a presence in all 50 states, but as of last summer, it offered 35 products in parts of the Midwest, South and Southeastern U.S. 

Borden isn’t alone in its struggles. Wrestling with mounting debt and struggling to adjust to consumer demands, Dean Foods filed for Chapter 11 in November. The milk giant recently completed its bankruptcy sale where the majority of its assets went to Dairy Farmers of America for $433 million, despite antitrust concerns. Bondholders from Borden proposed merging the two dairy giants if the DFA sale was rejected. 

Engles, a former chairman and chief executive of Dean Foods, founded Capitol Peak in 2017, which is serving as the senior partner in the joint venture, while KKR is the junior partner. Engles does have experience taking over rival dairy companies. 

Back in 2001, Suiza Foods acquired Dean Foods, its rival at the time, and Engles, who was CEO of Suiza, took over the new Dean. Although the company started out strong, it faced antitrust lawsuits and then watched as milk sales tumbled after the company kept prices high despite a decline in raw milk costs, hurting Dean’s business. During Engles’ tenure at Dean Foods, his reputation went from being “milkman to the nation” to taking money for himself while his company was struggling. Forbes ranked him among its Worst Bosses for the Buck in 2011, averaging $20.4 million in compensation over six years while Dean’s stock dropped an average 11% per year. ​

When Borden filed for bankruptcy, CEO Tony Sarsam, who took the helm at the company in March 2018, said the milk supplier would use the bankruptcy process to reduce its debt load and continue normal business operations as it reorganized.

During that time, the coronavirus pandemic added additional challenges to an already struggling category. Although the pandemic reportedly forced Borden to furlough 5% of its workers, the dairy company was awarded the USDA’s largest contract through its new Farmers to Families Food Box Program to supply 700 million servings of fresh fluid milk to nonprofits. That contract has boosted the company during this difficult time.

Both Engles and KKR are familiar with the struggles facing the dairy industry today so they likely know what they are getting into with this more than 150-year old brand. For the milk producer known for its “spokes-cow” Elsie to have success despite the market challenges, it will likely need a strong plan, cash and patience from its new investors to avoid ending up in the same place again.

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