The super economists

Scary Times for U.S. Companies Spell Boom for Restructuring Advisers Corporations are saving cash, cutting costs and refinancing debt to manage the economic fallout of the coronavirus. Restructuring and bankruptcy experts are already getting calls. Freedom Mortgage, one of the nation’s largest mortgage lenders, is looking for additional financing as millions of homeowners are expected to stop making mortgage payments. The Cheesecake Factory said this past week it wouldn’t be able to make rent payments on its leases because of lost business. And giant companies from Kraft Heinz to Ford have tapped billions of dollars in credit from banks in preparation for an uncertain future. These are scary times for American companies as they grapple with the hit to their businesses from the shutdown of major parts of the economy from the coronavirus. But for one group in the financial services industry — restructuring and bankruptcy advisers and lawyers — the emerging signs of pain for comp...

Health restrictions have led to cutbacks at hotels and golf courses. But the swimming pool remains open at a Florida resort, and a New York golf course offers “fresh air” without caddies. By  Ben Protess ,  Steve Eder  and  Eric Lipton Reeling from the global fallout of the coronavirus pandemic, President Trump’s family business has cut back hotel operations, closed some golf courses and restaurants and shed dozens of workers — all while pushing to keep other properties open and promote them on social media. In recent days, the Trump Organization cut staff from hotels in New York and Washington, halted new reservations at a hotel overlooking the Las Vegas Strip and closed golf courses  in Los Angeles  and the  Miami area , according to people with knowledge of the matter. It also closed the Mar-a-Lago club in Florida, which normally would be at a peak right now, with regular seasonal visits by Mr. Trump himself. T...