Ponders when Easter Sunday is in ny
Cash on the line and ny const art 1 sec. 3
Anyone know a diner owner who loves a good bet
Judges Prevent a Covid Insurance Raid
Business-interruption policies clearly don’t cover losses from lockdown restrictions.
Chairs are stacked on a table at a closed restaurant in New York, Feb. 23.
PHOTO: BRYAN SMITH/ZUMA PRESS
The Sixth U.S. Circuit Court of Appeals recently ruled that Santosuossos, an Italian restaurant in Medina, Ohio, wasn’t entitled to payment for a claim on its business-interruption insurance after a state order prohibited in-person dining. Such policies cover lost income when a business is shut down because of physical loss of or damage to its property.
The tribunal concluded that while Santosuossos lost the ability to use its property as an in-person eatery, the governor’s shutdown orders didn’t physically alter the restaurant’s structure. There was nothing to repair or rebuild that would have hindered the proprietors from opening their dining room. Therefore, this bedrock requirement for coverage wasn’t satisfied.
In Santos Italian Café LLC v. Acuity Insurance Co., a unanimous three-judge pan
Stop scratching on holidays
Published: June 1, 2012
Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
Easy money.
No comments:
Post a Comment