Long

Virus pummels commercial real estate, could end long boom

NEW YORK (AP) — Americans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices and storefronts and potentially end a long boom in the nation’s commercial real estate market.

Hotels, restaurants and stores that closed in March have seen only a partial return of customers, and many may fail. Commercial landlords have already reported an increase in missed rent payments. They expect vacancies to rise through the end of the year.

Two trends compound the problem: Office tenants are considering renting less space as more employees work from home, and the trend toward online shopping is accelerating, which could cut already weak demand for retail space in downtown areas and malls.

The swift emptying of commercial space marks a sharp departure from the real estate market that boomed in New York, Chicago and other cities in recent

Read More

Trip.com Group’s New Recovery Campaign Shows Tourism Leaders Still Long for China’s Outbound Travelers

That it took Trip.com Group to pull together the global travel industry in a travel revival campaign rather than a world tourism body, Google Travel or Booking Holdings, shows the ongoing importance of the China outbound travel market.

In a never-before spectacle of global industry unity, Trip.com Group roped in more than 70 tourism, aviation, and hotel leaders worldwide to individually address tourists why their next trip would be their best yet.

The two-hour video launch on Monday is a cross-industry effort to instill confidence and inspire people to “Travel On,” with assurances that it’s attractive, safe, secure, clean, flexible and more affordable than ever. Although it is directed at all travelers in general, without doubt China’s gigantic outbound market helped pull the leaders together in an effort to revive travel.

Close to 150 million outbound trips by Chinese were recorded in 2018, an increase of 15 percent over 2017,

Read More

Long Distance Bike Trips for the Coronavirus Era

Illustration by Kelly Caminero/The Daily Beast/Getty
Illustration by Kelly Caminero/The Daily Beast/Getty

Descending the tight, winding roads of the San Juan Mountains from Wolf Creek Pass at the Continental Divide, I passed a long-distance cyclist with his panier-laden bike, climbing upward at a snail’s pace. The highest point he could reach was nearly 11,000 feet. I was in awe that he was trying it—imagining the risk of not being seen by vehicles rounding tight corners, or facing heat exhaustion. 

I was also happily in an SUV with air-conditioning and snacks. 

More people are seeing longer bike rides as a way to get away from it all—a type of social distancing. If the focus is less on setting the ultra long-distance record of your lifetime and more on crafting your own meaningful and tailor-made cycling experience—which also takes into consideration where you are at, and what your skillset is—cycling longer distances can be a safer form of

Read More

Alexis Ohanian has left Reddit’s board in a ‘long overdue’ move. Here’s how he launched Reddit into a $3 billion behemoth and became an outspoken activist in the tech world.

Reddit and Initialized Capital cofounder Alexis Ohanian.
Reddit and Initialized Capital cofounder Alexis Ohanian.

Pedro Fiúza/NurPhoto via Getty Images

  • Alexis Ohanian, who cofounded Reddit in 2005, has been called the “Mayor of the Internet.”

  • He and cofounder Steve Huffman built the company over 16 months, then sold it to Condé Nast in 2006 for somewhere between $10 and $20 million. Today, the company is worth $3 billion. 

  • Since then, Ohanian has become a venture capitalist, has helped launch two more companies, and has fought against a bill that would have stifled internet innovation. 

  • In 2015, he met tennis superstar Serena Williams. The couple had a daughter together, Alexis Olympia Ohanian Jr., in 2017, and got married two months later. 

  • More recently, in the wake of the protests following George Floyd’s death, Ohanian resigned from Reddit’s board and called on the company to name a Black board member in his place, which it has since done, appointing Michael

Read More

20 Virtual Summer Camps to Keep Your Child Busy When the Days Are Long

When school lets out for summer, the excitement is palpable…there’s no homework, so much ice cream and, of course, camp! But what to do if Covid-19 has closed down the camps in your neck of the woods? Fear not: There’s a Zoom for that. (And some of them are actually pretty innovative and pretty adept at keeping your children active.) Read on for our roundup of virtual summer camps, which offer something to keep every type of child entertained this (long, long) season.

1. Varsity Tutors

These week-long camp sessions allow parents and kids to test the waters of virtual summer camp before diving into a longer commitment. Varsity Tutors boasts a large staff of expert instructors with experience in a wide range of subjects—ranging from uproarious improv games for little ones to mathematical research for the highschool set—and live, interactive learning (i.e., new summer camp friends) is part of

Read More