Cafes Transform to General Stores & Backlash for a Chinese Stock Guru

Life goes on. Amid the crushing drumbeat of COVID-19 news around the globe, our News + Politics email today brings you fresh perspective — starting with fresh food from the local cafe-turned-general store. We also dive into a Chinese stock picker getting his comeuppance and what's next for student borrowers. www.ozy.com Sponsored by From the editor | April 07 Life goes on. Amid the crushing drumbeat of COVID-19 news around the globe, our News + Politics email today brings you fresh perspective — starting with fresh food from the local cafe-turned-general store. We also dive into a Chinese stock picker getting his comeuppance and what's next for student borrowers. Daniel Malloy, Senior Editor [News + Politics]( [The New Cafe Order: One Toilet Paper Roll and a Dozen Eggs]( With sales dramatically down because of the coronavirus, restaurants and cafes are pivoting: offering groceries instead. People were panicking, Richard Williams says. "They couldn't get anything in the supermarkets," says the owner of The Village Bakery & Cafe in Los Angeles. So he and his wife pivoted their business, selling sugar, rice, eggs, beans, yeast, butter and flour — all raw materials the bakery already bought in bulk, but now directly sold to consumers in desperate need. Amid social distancing rules and stay-in-place orders, sales are drastically down for cafes and restaurants around the world. Many are responding by sharply shifting their business at least for now, positioning themselves as ad hoc grocery stores in urban areas hit by the coronavirus pandemic. [READ NOW]( [News + Politics]( [Student Loan Suspensions Won’t Help Worst-Off Borrowers]( Before this economic freeze, most low-income Americans weren't paying off their loans. Last year, Mariana Anchante began what she knew would be a Herculean effort: paying off her student loans. The 26-year-old University of Nevada, Las Vegas, alum landed a job in public relations after graduation. But Anchante recently learned she'd be furloughed until June due to the coronavirus pandemic. As a likely recession looms, one function of the massive CARES Act — which was signed into law to counter the impact of the coronavirus — is meant to offer student loan relief to people like Anchante through September. But a new report from the Urban Institute reveals that a new loan payment suspension will make no difference in cash flow for an estimated 70 percent of the lowest-income borrowers — because they already weren't making loan payments. [READ NOW]( [Sponsored by Bright Cellars]( [Wine Tasting at Your Doorstep]( There’s wine delivery … and then there’s Bright Cellars. Delivered on time to your door, Bright Cellars brings you more than bottles. Bright Cellars brings you a tasting experience, starting with a seven-question quiz to tap into your personal wine preferences. The Qs — how do you take your tea — lead you to your best match. Plus, there’s an on-call concierge to answer any questions you may have. Because in a world of uncertainty, delivery to your door and a delicious pour every time is everything. And now, Bright Cellars is offering OZY readers [$50 off their first order!]( [News + Politics]( [Why Is America Pulling Back Those Tracking Future Pandemics?]( The Trump administration has shut funding for a vital virus-tracking program. The coronavirus pandemic shows us why that's a bad move. [News + Politics]( [A Chinese Stock Market Guru Faces a Viral Backlash]( He has more than 5 million followers on Weibo. But Li Daxiao misread the coronavirus, and he’s paying the price. [News + Politics]( [Donald Dossier: Trust Issues]( A reversal on whether the public should wear masks underscores why Americans are so distrustful of experts. [News + Politics]( [Why Ireland’s Housing Crisis Is Intensifying]( Because a perfect storm of issues has made homebuilding prohibitive in Dublin. [News + Politics]( [Meet Trump’s Voice to Black America]( With a controversial past and compelling pitch, Paris Dennard defends Trump — and himself. One More Thing [In-Person Fashion Weeks Are So Last Season]( [READ NOW]( OZY Media Mountain View, California 94040 This email was sent to {EMAIL} [Manage Subscriptions]( | [Privacy Policy]( | [Read Online](