I have walked extensively through El Centro, Retiro, and Recoleta in the past week. Only a few restaurants have closed their doors. There are a few retail spaces that are available, but by no means an alarming number. It's "that time of year" anyway.
Way back in July, well before the current economic "crisis" began to unfold, Starbucks announced the closing of 600 of its retail outlets in the US.
I guess that tells us that people in the US are drinking less coffee?
It looks like the "next" economic crisis that some have been predicting for Argentina in the past year has hit the US even harder than here.
Who woulda thunk it?
Certainly not an ex-expat who still opines that life here is (and will always be) worse than in the US.
If you live in the US, be prepared for additional massive layoffs and a depressed economy. (Now do I sound like him
ranting about how bad it is in Argentina?)
There might ALSO be rate hikes for public transportation, even in Chicago.
Oh, that just happened....today.
From the Suntimes: http://www.suntimes.com/news/transportation/1352710,CST-NWS-ride29.article
"Fare hikes on the CTA and Pace will hit Thursday, with single-fare rides going up as much as 50 cents on the L.
Both agencies claimed budget problems made the hikes necessary. The CTA cited higher operating costs, lower-than-expected tax revenues and the need to provide free rides to seniors and the low-income disabled.
The cash fare for rail and bus on the CTA will increase to $2.25 from $2. For customers using a transit or Chicago Card, bus fares will rise to $2 from $1.75."
How much is a subway fare here now?
How much are property taxes?
How much is a liter of beer?
And so on and so forth.
Life IS good (here).
It really is.