SDSU Article Analysis Report

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Hi, please only use the two articles that I have attached for the assignment ??. Here are the APA citations for both of the articles as well :)Barrett, J., & Findell, E. (2021, December 23). Small Businesses Struck by Omicron Face Hard Choices Before Holidays. Retrieved from https://www.wsj.com/articles/small-businesses-struck-by-omicron-face-hard-choices-before-holidays-11640260803Boudette, N. E. (2021, December 22). Want to Buy a Car? You Might Have to Get on a Plane to Claim It. Retrieved from https://www.nytimes.com/2021/12/22/business/economy/car-chip-shortage-pandemic.htmlYou can post links to recent newspaper articles on microeconomics and related topics covered in the class and your review (in at least 250 words).The articles should not be more than a week old on the day you post the review.You need to do 2 separate article reviews. Each at least 250 words on 2 different articles.Before you write the review make sure that the article has not been reviewed by any other student.Also you should include the word count in each of the review post.Excellent sources of articles include New York Times, Wall Street Journal, Economist and Financial Times.Requirements: You need to do 2 separate article reviews. Each at least 250 words on the 2 different articles I have attached totaling 500 words Times New Roman Size 12 Font Double-Spaced APA Format.PleaseBe sure to only use the two articles I have attachedNo plagiarism & No Course Hero & No Chegg. My professor will be submitting the paper to TurnitinInclude at least one in-text citation for every body paragraphPlease be sure to carefully follow the instructions

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12/24/21, 12:59 AM
Small Businesses Struck by Omicron Face Hard Choices Before Holidays – WSJ
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https://www.wsj.com/articles/small-businesses-struck-by-omicron-face-hard-choices-before-holidays-11640260803
BUSINESS
Small Businesses Struck by Omicron Face Hard Choices
Before Holidays
Covid-19 surge comes as many owners of firms across country try to make up for setbacks
encountered this year
Steingold’s of Chicago reopened with no indoor dining after closing for several days following
positive test results.
PHOTO: JOE BARRETT/THE WALL STREET JOURNAL
By Joe Barrett and Elizabeth Findell
Dec. 23, 2021 7:00 am ET
After nearly two years of dealing with worker shortages, pandemic restrictions and rising
prices, many small businesses are suddenly facing a surge of employee illnesses from the
Omicron variant that is leading to some hard choices.
Steingold’s of Chicago, a deli in the city’s Lakeview neighborhood, had weathered the
pandemic without a single case of Covid-19 until last week, when one of 10 employees
tested positive. Co-owner Aaron Steingold followed with a positive result a few days later.
Mr. Steingold decided to close the shop, which is known for its bagels, lox and corned beef,
on Saturday and reopened Wednesday, after the remaining staffers tested negative on
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12/24/21, 12:59 AM
Small Businesses Struck by Omicron Face Hard Choices Before Holidays – WSJ
both rapid and PCR tests. He and the other staffer who tested positive will continue to
isolate, and the shop for now will be taking orders with no indoor dining, he said.
THALIA JUAREZ FOR THE WALL STREET
Omicron Fears, Rising Covid-19 Cases Interrupt New York CityJOURNAL
VIEW PHOTOS
Everyone on the staff is fully vaccinated and boosted, he said, but that doesn’t seem to
matter with this strain of the virus.
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“Every few hours I hear of a new friend or acquaintance who is getting it,” Mr. Steingold
said in a text exchange because his voice is mostly gone. He said he is starting to feel
better, though he still has no sense of smell or taste and becomes dizzy when he stands up.
As the Omicron variant has led to another surge of infections around the country, some
cities are beginning to crank up restrictions. On Tuesday, Chicago Mayor Lori Lightfoot
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12/24/21, 12:59 AM
Small Businesses Struck by Omicron Face Hard Choices Before Holidays – WSJ
said that starting Jan. 3, Chicagoans will have to show proof of vaccination to enter
restaurants, bars, gyms and entertainment venues that serve food or drink. Boston and
Philadelphia have announced similar plans.
For small-business owners, the current surge of the virus is coming at what feels like the
worst possible time. They have endured previous shutdowns, and a tight labor market has
made it harder to return to capacity once they reopened. Supply-chain disruptions have
also hurt business.
Brandon Hodge, who owns two stores on South Congress Avenue in Austin, Texas, and is
president of the South Congress Merchants Association, said the pre-Christmas rush is
usually when small businesses make enough money to survive lean winter months.
“Those of us who have survived at all now have an opportunity to put a little money in the
cash register during the holiday season, only to have the rug pulled out from under us,” he
said.
Store owners have seen a drop in sales as news of the Omicron variant’s spread has kept
some customers home, Mr. Hodge said. His toy store, Monkey See Monkey Do, went from
having sales a few weeks ago that surpassed pre-pandemic levels to falling abruptly to
about 20% below normal as Covid-19 cases spread, he said. Meanwhile, he and other store
owners are hoping their employees stay healthy.
“We’re holding our breath, just trying to make it through the next week,” he said.
Julie Mabry, owner of the Houston LGBT nightspot Pearl Bar, made the decision last week
to close until after Christmas as five staff members, including herself, tested positive for
Covid-19. The week before Christmas is typically a lucrative one, Ms. Mabry said. She
included her staff members’ Venmo accounts in her closing announcement so that loyal
customers could still send holiday tips.
Ms. Mabry, who said she has “a little bit of PTSD” from the six-month closure the bar
endured in 2020, said she has been mentally preparing for another hit to the business.
This time, she said, she just wants to make sure her employees don’t take the virus back to
their families for Christmas.
“I don’t think most businesses are going to make the choice to close, and I don’t judge
anyone for their choices—we all have bills,” she said. “I’m not going to stay closed like
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12/24/21, 12:59 AM
Small Businesses Struck by Omicron Face Hard Choices Before Holidays – WSJ
before, but I am going to make sure people are able to be healthy for the holidays.”
At Wren House Brewing Co. in Phoenix, co-owner Drew Pool said he isn’t making any
changes in the taproom for now. Staffers have worn masks since reopening in March, and
customers are encouraged to wear them.
“I think people are just ready to get back to their lives,” Mr. Pool said. “Yeah, Omicron is
scary, but I think people are just almost willing to take the risk to get on with their lives.”
Begyle Brewing in Chicago closed its taproom in the midst of the Omicron variant surge.
PHOTO: JOE BARRETT/THE WALL STREET JOURNAL
Kevin Cary, co-founder of Begyle Brewing in Chicago, said he had to close the brewery’s
taproom Saturday after a staff member tested positive and others had been exposed to
that person, leaving just two servers available to work through the holidays. A second
staff member later tested positive, and some others are still waiting on tests.
He said he is hoping for a soft reopening after Christmas and a full reopening after New
Year’s, but the situation remains fluid.
“We do have some folks who are healthy now,” but at the rate the virus is spreading, it is
hard to know who will be available next week, he said. “Basically, it seems like if you’re
going out in public there’s some level of risk you’re putting on yourself regardless of the
booster.”
—Alicia A. Caldwell contributed to this article.
Write to Joe Barrett at joseph.barrett@wsj.com and Elizabeth Findell at
Elizabeth.Findell@wsj.com
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12/24/21, 12:59 AM
Small Businesses Struck by Omicron Face Hard Choices Before Holidays – WSJ
The Omicron Variant
Related coverage, selected by the editors
TRACK THE SPREAD OF COVID-19
Omicron and Its Symptoms: What to Know
Risk of Hospitalization Is Lower With Omicron,
Studies Show
Calls for a Shorter Quarantine Period
How and When to Test for Covid-19
What to Do if You Test Positive
Keep Those Holiday Travel Plans? How to
Decide
Variant Starts to Take a Toll on Businesses
The Science Behind Omicron’s Rapid Spread
Appeared in the December 24, 2021, print edition as ‘Small Business Feels Virus Jolt.’
Copyright © 2021 Dow Jones & Company, Inc. All Rights Reserved
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https://www.wsj.com/articles/small-businesses-struck-by-omicron-face-hard-choices-before-holidays-11640260803
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12/24/21, 1:24 AM
Supply Chain Problems Mean Buying a Car Sometimes Takes a Plane Ride – The New York Times
https://www.nytimes.com/2021/12/22/business/economy/car-chip-shortagepandemic.html
Want to Buy a Car? You Might Have to Get on a Plane to Claim It.
The limited supply of new and used vehicles is forcing some Americans to go to great lengths to find and
buy them, including traveling to dealers hundreds of miles away.
By Neal E. Boudette
Dec. 22, 2021
When Rachael Kasper started shopping for a new car in August, she had her heart set on a Ford Escape
plug-in hybrid. The problem was that Ford hasn’t made many of them this year because of a computer
chip shortage that has slowed auto production around the world.
Ms. Kasper first came up empty in her home state of Michigan and, later, in neighboring states. When
she expanded to the East Coast, she found one — at a dealership 537 miles away, in Hanover, Pa.
“I flew to Baltimore, took a Lyft to the dealer, and then drove all the way home,” said Ms. Kasper, who
owns a water-sports equipment retailer. “It was quite an adventure.”
The shortage of computer chips, in large part caused by decisions made in the early days of the
pandemic, has rippled through the auto industry this year. Manufacturers have had to close plants for
lack of parts, leaving car dealers with millions fewer vehicles to sell.
As a result, car buyers have had to travel hundreds of miles to find the vehicles they want, give up on
haggling and accept higher prices, and even snap up used cars that have been repaired after serious
accidents.
The supply squeeze coincides with an apparent increase in demand. Some people are trying to avoid
mass transit or taxis. Others simply want a vehicle. Many families have saved thousands of dollars
thanks in part to government benefits and stimulus payments and because they have been spending
less on travel, restaurant meals and other luxuries that have fallen by the wayside because of health
concerns.
The end of the year is normally a peak selling season, with some automakers running ads in which cars
are presented as gifts complete with giant bows. But this year consumers are finding that locating the
car of their desires is not quick, easy or cheap.
Understand the Supply Chain Crisis
The Origins of the Crisis: The pandemic created worldwide economic turmoil.
We broke down how it happened.
Explaining the Shortages: Why is this happening? When will it end? Here are
some answers to your questions.
Gifts Arrive on Time: Fears that a disrupted supply chain could wreak havoc on
the holidays turned out to be wrong. Here’s why.

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12/24/21, 1:24 AM
Supply Chain Problems Mean Buying a Car Sometimes Takes a Plane Ride – The New York Times
Car Shortages: The limited supply of vehicles is forcing some to go to great
lengths to find them, including traveling hundreds of miles.
A Key Factor in Inflation: In the U.S., inflation is hitting its highest level in
decades. Supply chain issues play a big role.
As Ed Matovcik, a wine industry executive in Napa, Calif., neared the end of his lease on a Tesla Model
S, he decided to switch to a Porsche Taycan, a German electric car. He ordered one, but it won’t arrive
until May, three months after he has to give up the Tesla.
He is planning on renting cars until the Taycan arrives and is looking on the bright side. “It’s a different
world now, so I don’t really mind the wait,” he said. “I’m thinking of renting a pickup for a week so I can
finally clear out my garage.”
The disruption to car production has rippled through the automotive world. For a time in the spring and
summer of 2020, rental car companies stopped buying new cars and sold many of their vehicles to
survive while travel was restricted. Now those companies are seeking to take advantage of a hot rental
market and are scrambling to buy cars, often competing with consumers and dealers.
The big discounts and incentives that were once standard features of car-buying in the United States
have all but disappeared. Instead, some dealers now add an extra $2,000 or $3,000 on top of the list
price for new cars. That has left car buyers fuming, but the dealers who are jacking up prices know that
if one customer balks, another is usually waiting and willing.
In November, the average price of a new car was a record $45,872, up from $39,984 a year ago,
according to Edmunds, an auto-data provider. The average price paid for a used car is now more than
$29,000, up from $22,679 in 2020, and Edmunds expects it to exceed $30,000 next year for the first time
ever.
Because of the rising prices of used cars, some consumers are spending to fix up older vehicles and
keep them going for longer. More cars that have been damaged in accidents are getting fixed instead of
being declared a total loss by insurers and sent to the scrap yard.
“The math has changed on whether a car is totaled,” said Peter DeLongchamps, a senior vice president
at Group 1 Automotive, a Houston-based auto retailer that operates its own chain of auto-body shops.
“Our parts and service business is very good. We’re seeing more cars getting fixed based on the high
used values.”

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12/24/21, 1:24 AM
Supply Chain Problems Mean Buying a Car Sometimes Takes a Plane Ride – The New York Times
Workers assembled a Jeep Grand Cherokee L at a Stellantis plant in Detroit in June. A
computer chip shortage has slowed auto production around the world. Bill Pugliano/Getty
Images
The auto industry’s chip shortage stems from the start of the pandemic, in the spring of 2020, when
automakers closed factories for weeks and cut orders for computer chips and other parts. At the same
time, homebound consumers were snapping up laptops, game consoles and other electronics, spurring
makers of those devices to increase orders for semiconductors. When automakers resumed production,
they found chip suppliers had less production capacity for them.
As a result, automakers have produced significantly fewer trucks and cars this year than they had
planned. In addition to closing plants, they’ve built vehicles without certain features, such as heated
seats and electronics that maximize fuel economy. Tesla dropped power lower-back support in the
passenger seat of certain models.
How the Supply Chain Crisis Unfolded
The pandemic sparked the problem. The highly intricate and interconnected global supply chain is in
upheaval. Much of the crisis can be traced to the outbreak of Covid-19, which triggered an economic
slowdown, mass layoffs and a halt to production. Here’s what happened next:
The lower production has limited sales of new vehicles this year. Edmunds expects the industry to sell
about 15 million light trucks and cars, well short of the 17 million that was considered a benchmark in
the years before the pandemic. It expects a modest rise in 2022, to 15.2 million vehicles.
Carmakers have said the supply of chips has improved in recent months, but executives expect the
components will remain a problem for much of next year.
Some automakers are testing new strategies to ensure a steady supply of chips in the future. Ford
Motor recently said that it was collaborating with GlobalFoundries, which operates semiconductor
plants, to develop chips specifically for Ford vehicles, and that it was seeking ways to increase chip
production in the United States.
General Motors is working with chip makers to develop three basic chips that can handle most of its
needs. The company expects that strategy to increase supply while cutting costs significantly.

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12/24/21, 1:24 AM
Supply Chain Problems Mean Buying a Car Sometimes Takes a Plane Ride – The New York Times
“We do see the chip issue continuing to run through ’22,” Ford’s chief financial officer, John Lawler, told
analysts on a conference call in October. “We’re doing everything we can to get our hands on as many
chips as we can.”
That means consumers are going to be paying full price for new cars and shopping far and wide.
For some would-be car buyers, though, the market is just too rich.
Tom Maletic, a retired medical sales executive in New Orleans, recently started shopping for a two- or
three-year-old Ford EcoSport, a small sport-utility vehicle. He had hoped to find one with fewer than
20,000 miles priced around $15,000, which is what he paid for an EcoSport for his wife earlier in the
year. “But it was 17, 18, 19, 21,000” dollars, he said. “And these were five years old, six years old, with a
lot of miles on them.”
In the end, he flew to Michigan to take back a 2015 Ford Escape he had passed on to his son, and drove
it the 1,100 miles back to New Orleans.

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