The paycheck protection program (PPP) is designed to help businesses reopen, but the CARES Act incentives employees to stay home. We talk to one Utah restaurant group to see how they are managing the conflict. LISTEN TO THE PODCAST WATCH THE VIDEO Small businesses and restaurants that qualified and received funding from the SBA’s $400 billion in funding from the paycheck … [Read more...]
Are We Heading For Inflation? Deflation? How can you preserve your wealth?
Episode Two of Three of Rich's Rabbit Hole on inflation Utah Stories examines the likelihood of inflation as the Fed plans yet another $3 trillion spending package. Where will this all end? Examining inflation from layman's terms is like attempting to look at watch gears and understand how it all works. It's not that I can begin to believe that I … [Read more...]
Substance Abuse Spike And Drug Recovery During COVID-19
Due to Coronavirus, the number of Utahns suffering from alcohol and drug addiction is certainly increasing. Liquor store sales have spiked in Utah. Social isolation, loss of employment, and the inability of residents to pay their bills or buy enough food is certain to not only cause an increase in substance abuse, but also make matters worse for those seeking … [Read more...]
Is Massive Currency Devaluation Coming?
What is going to happen to our currency and our retirement accounts and pensions after the government spends $8 trillion to bail out the economy? LISTEN TO THE PODCAST: WATCH THE VIDEO: What is going to happen to our currency and our retirement accounts and pensions after the government spends $8 trillion to bail out the economy? Congress has … [Read more...]
Utah’s Economy is Reopening, The Challenges that Small Business Owners Will Face
In this episode we discuss four main points that Utah small business owners should be aware of: The giant corporate handouts that the PPP turned into Employees not wanting to work due to increasingly generous unemployment benefits Utah’s coming reopening of our economy Talking with one downtown restaurant owner about how he is doing LISTEN TO THE … [Read more...]
The Impact Isolation and Social Distancing Has on Our Well Being
Departing from the bullet train which the modern goal-oriented, destination-focused world puts us on. What it's been like socially isolated with three small kids. Carl Jung said that every personal problem is actually a problem that thousands of people likely face every day and will face in future generations. So solving our personal issues is equivalent to solving the … [Read more...]
The Controversy of Olympia Hills Development Project
“Spread out over 933 acres tucked up against the rolling Oquirrh foothills,” is the proposed and now approved Olympia Hills master planned community. It’s a proposal that appears similar to Daybreak, where they justify their high-density--over six thousand homes-- by stating it will be a “live, work and play community.” LISTEN TO THE PODCAST: WATCH THE … [Read more...]
Utah Distillery Owners Chime in On How They Are Handling COVID-19 Closures
Owners of Sugar House Distillery and New World Distillery talk about measures they have taken to pivot and adapt to COVID-19 closures. Dina Blaes Regional Director for Salt Lake County offers recommendations. LISTEN TO THE PODCAST: WATCH THE VIDEO: Utah’s distilleries have been media darlings in recent years. Thanks to Utah liquor law changes over the past few years … [Read more...]
Utah’s COVID Conundrum: When to Reopen Critical “Essential” Local Businesses?
The Slippery Slope of Denying Businesses and Consumers Free Market Access Utah needs to allow restaurants and bars to operate under the same conditions in which they allow big-box stores and state liquor stores to operate. Nobody can dispute that the government measures regarding containment of the COVID-19 virus over the past month were completely necessary. Perhaps … [Read more...]
State Liquor Stores Essential, Local Restaurants Are Not?!
As Salt Lake County Mayor Jenny Wilson and Salt Lake City Mayor Erin Mendenhall decided to extend restaurant and bar closures to at least May 1st, State Liquor stores have long lines as customers wait for their essential remedies for staying home. Liquor is deemed by the state as essential if bought at state liquor stores. But not essential if the livelihoods of small … [Read more...]
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