What that you must find out about President Joe Biden’s new Covid vaccine mandates

Freeport, NY: Daniel Merlos, 15, of Freeport, New York, receives a Covid-19 vaccine at Freeport High School, where the Mount Sinai South Nassau Hospital is serving all eligible students, staff, and residents of the COVID- 19 vaccinations provided, 2021.

Steve Pfost | News day | Getty Images

President Joe Biden’s recent vaccination push marks the government’s most aggressive attempt to bring the rampant coronavirus pandemic under control.

Critics see the President’s move as a reversal of his earlier promise to avoid vaccination mandates. However, federal health officials believe this is the next step in the fight against the highly contagious Delta variant, which is killing more than 1,500 Americans daily and filling hospitals with unvaccinated bags to the brim, according to a CNBC analysis of Johns Hopkins University data.

“We will protect vaccinated workers from unvaccinated workers,” said Biden on Thursday when the plan was announced. “We will reduce the spread of Covid-19 by increasing the percentage of the vaccinated workforce in companies across America.”

The multi-pronged approach affects hundreds of public and private companies and tens of millions of American workers. It mandates vaccines and excludes testing opportunities for federal government employees, including those in the health sector, and calls for harsh penalties for those who fail to comply.

Here’s what you need to know about Biden’s latest offering to get more Americans vaccinated.

If vaccination is compulsory, without the possibility of testing

Federal employees and contractors working with the government are facing renewed vaccine mandates and no longer have the option of regular Covid tests.

“If you want to work with the federal government and do business with us, get vaccinated,” Biden said. “If you want to do business with the federal government, vaccinate your workforce.”

Healthcare workers are also subject to strict requirements. The president has ordered all healthcare facilities that receive federal funding from Medicaid or Medicare to prescribe vaccines for their employees without the option of testing.

Previously, the Biden government only ordered vaccines for employees in U.S. nursing homes who receive federal funding. Some states, including New York and Maine, had already required vaccines for healthcare workers.

The new regulations affect more than 17 million healthcare workers in more than 50,000 hospitals and healthcare facilities in the United States

“If you are seeking care in a health facility, you should know that the people you are treating are vaccinated,” Biden said. “Simple, straightforward, period.”

The president also ordered that all employees of the federal government’s Head Start programs be vaccinated. The order extends to schools run by the Bureau of Indian Affairs and the Department of Defense, affecting a total of approximately 300,000 people Chalking, a news organization dealing with education.

Where vaccinations or weekly tests are mandatory

Despite the broad scope of the president’s push, most U.S. workers, more than 80 million, will still have the opportunity to prove they don’t have the virus by undergoing weekly Covid tests.

To speed up the pace of daily vaccinations, which have slowed after rising in mid-August, the President ordered the Ministry of Labor to enact a new rule requiring any company with more than 100 employees to provide vaccines for its employees or weekly Covid- Requiring tests for workers who give religious or health reasons not to be vaccinated. However, employers are likely to look more closely at these reasons for deregistering in the future.

The new rule will be implemented by the Department of Labor’s Occupational Health and Safety Authority (OSHA). OSHA may issue an interim emergency standard if it proves that employees are at risk and that the proposed regulation can prevent that risk.

Employers are also directed to give paid time off for workers to get vaccinated. This applies to both the public and private sectors.

“Nobody should lose their salary to get vaccinated or to take a loved one to the vaccination,” said Biden.

Consequences in the event of rule violations

Most Americans support vaccine mandates in the workplace, with 62% of Americans supporting the idea, according to a USA Today and Ipsos poll in August.

Among the 29% of unvaccinated US voters, 83% say they do not plan on the life-saving syringes. a new CNBC poll shows.

Employees who fail to meet the new mandates could face a number of consequences, including termination, as companies feel pressures to adapt.

Businesses face a fine of $ 13,600 per breach of the OSHA rule, although the new rules may take some time to implement and enforce. OSHA is experiencing steady downsizing and currently provides one inspector for every 83,000 workers, according to the AFL-CIO, the largest trade union confederation in the United States

United States President Joe Biden speaks about coronavirus protection in schools during a visit to Brookland Middle School in Washington, DC on September 10, 2021.

Saul Loeb | AFP | Getty Images

Appeal to unvaccinated Americans

In his announcement, Biden asked why 80 million Americans still haven’t received the shots after they were made free, accessible and approved by the Food and Drug Administration.

“What else is there to wait? What else is there to see?” said Biden. “We have been patient, but our patience is failing.”

Biden appealed to those running large entertainment venues, sports arenas and cinemas to require vaccination or proof of a negative test for entry. New York City and San Francisco already require proof of vaccination for activities such as eating indoors and attending movies and entertainment events, with New York City requiring proof of at least one dose and San Francisco proof of full vaccination.

Biden also urged doctors across the country to “reach out to unvaccinated patients … and ask them personally to get the injection.”

According to data from the Centers for Disease Control and Prevention, about 75% of adults in the US have received at least one dose of a Covid vaccine, and about 54% of all Americans are fully vaccinated. Experts still disagree on the percentage of a population that needs to be vaccinated in order for the population to achieve herd immunity, although estimates are between 70 and 90%.

“This is not about freedom or personal choice. It’s about protecting yourself and the people around you, ”said Biden.

Not everybody can deal with Joe Decide’s robust teaching fashion. And most of them aren’t Giants anymore.

It is not for everyone.

If the past year and two days of Joe Judge’s tenure as coach of the Giants have shown us anything, it is that his methods require a certain kind of player personality to be successful. Because of this, while fans have been thrilled with the additions to the roster to bolster the playmaking in recent months, the more important process to the Giants’ success could be weeding out those who are not fully invested in the plan.

Whether Golden Tate or Marc Colombo or this week Kelvin Benjamin who decided he’d had enough before the training camp’s first full workout began in earnest, Judge is on a mission to prune every branch that tries to grow other direction than his vision.

Because of this, almost everyone in the Giants workforce has ancestry that runs through either New England or Alabama – specifically, Bill Belichick or Nick Saban, the two major influences in Judge’s philosophy. Because of this, many of the players who have joined the team since Judge took office in January 2020 have similar roots and personalities.

Richter does not hide his methods.

“We’re not trying to make this an easy place,” said Richter. “We want to make sure that through training the players are applying as much pressure as possible so that when they get into the games they can deal with a level of adversity and pressure that will help them function better.”

Subscribe to the Sports Now newsletter

By clicking Sign Up, you agree to our Privacy Policy.

It’s a system that works as long as there are players who buy it. So far, the Giants have been able to keep more of these guys with them than those who can’t or won’t carry the judge’s flag for him. He has a dressing room with young executives in Daniel Jones, Evan Engram, Sterling Shepard, and Leonard Williams who not only seem to tolerate the judge’s rules, but thrive among them. This is one of the reasons he dated Kenny Golladay for almost three days before the Giants decided to invest in him as a free agent this off-season to make sure he was that kind of person.

“He’s a tough coach,” said second grader Xavier McKinney (of Alabama, it should be noted) on Thursday. “He asks a lot of us, but we take on the challenge every day. It can be pretty brutal at times, but it is what it is. It wasn’t before … We love the process of going through it. “

But there is a countdown to how long such a culture can last without a very important ingredient. For Judge’s Way to work in the long term, the Giants have to win.

It started a little late last year, but the clock is now ticking towards a time when victories have to become far more mundane than has been the case with this franchise over the past decade.

There is nothing wrong with going the hard way, but it must lead to more success than the easy way. Something has to change in the team.

It won’t be a judge.

“Look, I’ll always be me, I’ll do it with my personality,” he said. “I think you have to do this or you will only lie if you try to be something else.”

The judge said he spent time this off-season investigating how he interacts with players. He said he was trying to hear as many wise voices as possible, from sports psychologists to professional lacrosse and women’s basketball coaches to Navy SEALs, to get a better understanding of the best ways to reach this current group of Giants players .

“I don’t want to miss anyone,” he said. “One of the most important things we want to do is evaluate our team and make sure we don’t put someone on the road who can help us win, who we misjudge because we don’t see through a shadow of a personality can to see what someone can really do. “

Despite Benjamin’s grievances, which he voiced to the media by complaining that Judge confronted him for failing to come into the camp with the weight the team wanted him to take, cursing too much and being a “know it all”, The Judge he never interacted with actually has a pretty good track record of listening to and understanding the players. The coach who gets players to run penalties in practice is the same one who did a “favor” to rookie Derrick Dillon last year by removing him from the training roster so he could be at the birth of his child, the same coach Kadarius, who was last at the mini camp this month saw Kadarius Toney in the locker room crying over the news that a close relative was sick and put him on the first flight home to be with his family there.

Because of this, several players came to Judge’s defense because of Benjamin’s farewell shots.

“He has a right to his opinion,” said cornerback James Bradberry. “I definitely think Coach Judge is tough. We have a lot of pressure in our shoes so I don’t expect him to give us our will all the time. A tough coach, that’s how you build structure, that’s how you build.” Discipline. That’s what he’s building here. “

Regarding the salty language, Judge didn’t apologize – “It’s a little different when you’re out there, kind of a heat of the moment,” he said – but insisted that he and his staff never use those words about players themselves .

“It’s very intense,” Dexter Lawrence said of Judge. “He respects us, we respect him … I don’t know anyone who doesn’t like him.”

At least not on the list.

No longer.

Notes & Quotes: Saquon Barkley stays with PUP, but he might get closer to his teammates. The running back, recovering from a torn cruciate ligament, looked much more active and explosive on Thursday than on Wednesday. The Giants are taking Barkley slowly, but Thursday’s presentation may have given them some evidence that he’s almost ready for action. . . First-round pick Kadarious Toney has yet to participate in training camp exercises or reps despite being removed from the COVID-19 / reserve list earlier this week. “We’ll keep it going up over there [on the side with the trainers]”said Richter.” We’ll take him day in and day out, “was quickly followed by center Nick Gates, and then a trio of culprits – Daniel Jones, Alex Bachman and Brett Heggie – who toured together.

Tom Rock began reporting on sports for Newsday in 1996 and has been the Giants beat writer since 2008.

Billionaire Joe Tsai is the “thriller purchaser” behind $157 million Manhattan residence deal

Joe Tsai, Co-Founder and Vice Chairman of the Alibaba Group.

S3studio | Getty Images News | Getty Images

Alibaba co-founder Joe Tsai is the mysterious buyer behind a $ 157 million apartment deal in Manhattan’s most prestigious condominium tower, according to people familiar with the deal.

Tsai, who also owns the Brooklyn Nets NBA team, bought two condos in 220 Central Park South in two transactions totaling $ 157.5 million, say people close to the deal. The purchase marks what is believed to be the third most expensive home ever sold in the U.S. The most expensive home ever sold in America is in the same building – Ken Griffin’s purchase of four floors (51 to 53) for $ 238 million in 2019.

Tsai’s purchase is two stories (the 60th and one above) and offers breathtaking views of Central Park and Midtown Manhattan. The deal also includes a studio apartment on the 18th floor, likely for the staff.

Thanks in part to Griffin’s purchase and blue-chip buyers like Sting and Daniel Och, 220 Central Park South continued to appreciate in value even during the pandemic and is more than 90% sold out. The units Tsai purchased were both sold for more than their original retail price. The 61st floor sold for $ 51.4 million last year while the 60th floor sold for $ 50.9 million.

A spokesman for Tsai did not respond immediately.

The purchase comes at a sensitive time for Tsai and Alibaba. Alibaba shares have fallen a third since October, and Chinese authorities are cracking down on the country’s big tech companies to limit their power and data reach. Tsai’s Alibaba co-founder Jack Ma has largely withdrawn from public life after criticizing Chinese regulators and Beijing foiled the IPO of its fintech giant Ant.

Tsai remains Executive Vice Chairman and Alibaba’s second largest shareholder. Tsai, who is worth about $ 10 billion, according to the Bloomberg Billionaire’s Index.

Tsai was born in Taiwan, attended school in New Jersey, and lived and worked in New York as a lawyer and private equity manager in the mid-1990s. After making his fortune in China at Alibaba, he split his time between San Diego and Hong Kong. He holds both Canadian and Hong Kong passports.

Tsai acquired a minority stake in the Brooklyn Nets in 2017 and acquired the rest of the team and operating rights to the Barclay’s Center in 2019 for a total of more than $ 3 billion. Tsai also sits on the board of directors of NBA China and owns the WNBA’s New York Liberty.

Tsai often attends Nets games and told the New York Post he plans to be more visible in New York after buying the team. “New York is an incredible city. I have an affinity for New York, “he told The Post in 2019.” My first job after graduating from law school was in New York. I met my wife here. So New York is my second for me. “At home.”

Now he is getting an even bigger home for his second home.

Joe Biden Wounds Cuba, Venezuela and China’s Hopes of Obama-Type Detente

president Joe BidenFull support for large anti-government protests in Cuba appears to have dashed Havana’s hopes for an Obama-style detente between the two nations.

The Biden administration also keeps its predecessor Donald Trumpthe confrontational stance towards Venezuela and China, two of Cuba’s closest allies.

The president broke his silence on the Cuba protests on Monday after criticism of regime change republican suggesting the president and his top officials were too slow to comment on the wave of demonstrations that swept across the island.

“We stand by the Cuban people and their call for freedom and liberation from the tragic grip of the pandemic and from the decades of oppression and economic suffering they have been subjected to by Cuba’s authoritarian regime,” Biden said in a statement from the white House.

“The Cuban people bravely stand up for basic and universal rights. These rights, including the right to peaceful protest and the right to freely determine one’s own future, must be respected. The United States urges the Cuban regime to listen to its people and serve their needs at this important moment, rather than enriching itself. “

Biden’s remarks disappoint leaders in Havana. Before Biden came into office, they hoped he would become president Barack Obama‘s footsteps and thawing relations with the island, undoing Trump’s actions that tightened the US Cold War embargo.

During the election campaign, Biden said he would reverse policies against Cuba, which “harmed the Cuban people and did nothing to promote democracy and human rights”.

The embargo failed to overthrow the communist leadership in Cuba, and critics say the policy unnecessarily hampered the island’s economic development and the quality of life of its citizens. Among these critics is the progressive Sen. Bernie Sanders (I-VT).

“All people have the right to protest and to live in a democratic society,” tweeted Sanders on Monday. “I call on the Cuban government to respect the rights of the opposition and to renounce violence. It is also long time to end the unilateral US embargo against Cuba, which has only harmed the Cuban people, not helped.”

In January, Carlos Fernandez de Cossio – Cuba’s top diplomat overseeing US links – said he hoped for positive action from the new president, telling Reuters: “Everything could be rolled back in the short term if the government wanted it to be. This team has more experience than anyone in the past 60 years. “

Cuban leaders have dismissed the protests as a foreign conspiracy to undermine the government. President Miguel Diaz-Canel said in a televised address on Monday that the protesters at their demonstrations were “counter-revolutionaries” and “completely vulgar”.

“The approach was not peaceful yesterday,” Diaz-Canel said, but acknowledged that given the recent food shortages and power outages – which he attributed to the US blockade – and the impact of the COVID-19 pandemic, “it is legitimate to be dissatisfied to feel “.

Biden’s failure to show a clear break with Trump’s “maximum pressure” strategy will come as no surprise to Venezuela and China, two important Cuban allies. All three nations have long been in the crosshairs of American foreign policy hawks, who see their close ties as a threat to American security in South America and the Caribbean.

All three also have ties to Russia and Iran, two nations whose foreign policy ambitions are unsettling Americans on both sides of the Ganges. Both Beijing and Caracas had hoped that Biden’s election would ease Trump-era tensions.

The former president started a major trade war with China, supported pro-democracy protesters in Hong Kong and used the COVID-19 pandemic as yet another opportunity to attack Beijing, where Communist Party leaders were accused of covering up the origins of the pandemic and the extent of its early spread.

Senior Chinese officials warned the new Biden team that the conflict between the world’s two largest economies would be a “disaster” and called for cooperation, while warning the White House to stay out of China’s domestic affairs.

But a split summit between senior American and Chinese diplomats in Anchorage, Alaska, in March set the tone for the Biden administration’s approach to Beijing.

Foreign Minister said during a lengthy spit on camera Antony Blink said Chinese actions “threaten the rules-based order that maintains global stability” and said the US would “address our concerns, our priorities directly, with the aim of moving our countries forward with clearer eyes.”

National Security Advisor Jake Sullivan added: “We are not looking for conflict, but we welcome fierce competition and will always stand up for our principles for our people and for our friends.”

Chinese officials rejected the criticism. “It was the United States that first provoked and provoked the dispute,” said Chinese Foreign Ministry spokesman Zhao Lijian.

“When the members of the Chinese delegation arrived in Alaska, they felt not only the cold Alaska weather but also the hospitality of the American host,” he added.

President Joe Biden will host a gun violence reduction meeting in the Roosevelt Room of the White House on July 12, 2021 in Washington, DC
Chip Somodevilla / Getty Images

In Venezuela, President Nicolas Maduro remains in power despite the Trump administration’s efforts to oust him. The US still recognizes the self-proclaimed interim president Juan Guaido as Venezuela’s legitimate leader, but the 37-year-old’s attempts to seize power have repeatedly failed, despite American and European support.

The Biden government has reiterated its support for Guaido, who was reportedly threatened by armed security forces at his home on Monday. Blinken spoke to Guaido in March to reiterate American support for free and fair elections, while Biden wrote to the opposition leader last week.

“Under your leadership and in coalition with civil society leaders, you are upholding these ideals of freedom, democracy and sovereignty,” Biden wrote in the letter sent through the Venezuelan Affairs Bureau in Colombia, AFP reported.

Years of corruption, mismanagement, falling oil prices and international sanctions have undermined Venezuela’s economy and left the authoritarian left government dependent on its Chinese, Russian and Cuban supporters. Millions have fled the deteriorating conditions in Venezuela as Maduro and his loyal military officials suppress dissent.

A senior White House official told Reuters in May that Maduro had sent “signals” to the new administration in hopes of easing crippling sanctions.

“We are monitoring these developments very closely,” said the official. “We see Maduro sending signals, but here too we will act on the basis of really concrete measures.”

In February, a White House official told Reuters that the government was “in no rush” to ease Trump’s tough sanctions against Venezuela.

“If the regime takes confidence-building measures that show it is ready and willing to have real talks with the opposition … official said.

In June Maduro appealed directly to Biden to end the “demonization of Venezuela” and lift the sanctions.

But a State Department spokesman said later Bloomberg that the pressure would not ease as long as “repression and corrupt practices” persisted by Maduro and his supporters.

With Cuba, Venezuela and China, Biden seems to be in no hurry to break away from Trump’s militant and sanction-driven foreign policy playbook.


Cuban Americans demonstrate outside the White House in support of the demonstrations in Cuba on July 12, 2021 in Washington, DC
Win McNamee / Getty Images

Billy Joe Saunders feels Callum Smith ‘took the cash route’ and wasn’t at his greatest in Canelo Alvarez combat

Billy Joe Saunders is getting the big fight he’s been waiting for he competes against Canelo Alvarez in a super middleweight title unification bout on Saturday from AT&T Stadium in Arlington, Texas on DAZN (excluding Mexico).

Saunders will be the second Englishman to face Alvarez in his last three fights. Six days before Christmas Alvarez dominated Callum Smith to win the WBA and WBC super middleweight titles and become world champions in four divisions.

The WBO super middleweight title list is one of the mentality that Smith shouldn’t have gotten into the fight with five weeks’ notice and taken more time to prepare for the man who many believe is the best Pound-for-pound fighters in sports. Saunders believes Smith only took up the fight on short notice for one reason.

“You know, and I can just go and think he was offered a hell of a lot of money and I think he was probably put in the same position as me,” Saunders said on DAZN’s “Off The Cuff.” “And he took the money route. In my opinion he wasn’t at his best. I’m not taking anything away from Canelo, but when you box someone like him it takes two months to take care of everything. What comes with this? If you think that you take it with five weeks notice, your bags are packed, you are on the plane, you are over there, you are [doing] Media, it’s you, you’re in the ring, the lights are on, you don’t know what’s going on. No no no. This is not proper preparation.

“And I don’t care if they say he stays in the gym, he stays fit. Mentally, that means you need this mental side of things to find your way in this crowded situation, and not just to be blinded by the money before you. Because I think this happened to him. I think he went in for the money, not the fate of being the man who dethroned Canelo. Because he’s a good fighter, Smith, and I just don’t . I don’t think that was his night, definitely not. “

In preparation for Alvarez, Saunders (30-0, 14 KOs) didn’t bother to see too much of Alvarez-Smith. Why you might ask Because Saunders immediately felt that Smith had the wrong schedule to get the job done.

“I can give you my opinion on what I think happened,” Saunders said. “But I can’t really give you my full opinion on the fight because I’m being honest with you – I’ve only seen the highlights and I’ve only seen about two minutes of them and turned it off because I rate Callum Smith as a fighter. But I think he went in there depending on his strength and size, and that doesn’t work. The game plan is completely wrong, he fought completely wrong. “

Joe Concha: Cuomo nursing house scandal now has a ‘follow-the-money-angle’

New York Gov. Andrew cuomo ‘The nursing home scandal now has a “follow-the-money” angle, Fox News staff and The Hill media Columnist Joe Concha said “America reports“Friday.

The New York Times Late Thursday it was reported that the Democrat’s top aides had removed a list of nursing home residents deaths from the coronavirus pandemic from a report distributed by state health officials in June.

The Times report noted that the “extraordinary intervention” from Cuomo’s administration came as the governor began writing his book, “American Crisis: Leadership Lessons From The COVID-19 Pandemic.”

“I never thought that we would have a ‘follow-the-money’ angle in this story, as we see in so many scandals,” Concha told host John Roberts. “But if you look at what Governor Cuomo paid in advance – $ 783,000 from HarperCollins … that’s a pretty damn thing, given the kind of money this was about.”

Concha added that the reported changes to the report came at a time when Cuomo was enjoying massive popularity.

“He had an overall approval rating of around 70%, the highest in his career. So yeah, it’s the right time to write a book and the wrong time to get bad news about nursing homes.”

Concha went on to say that the latest Times and Wall Street Journal reports “are devastating to the governor … fighting on multiple fronts, not just the nursing home scandal, which is the biggest story, but the allegations as well of sexual harassment by three women. “

Concha also criticized President Biden and Vice President Kamala Harris for their silence on the various controversies surrounding the governor of New York.

CLICK HERE TO GET THE FOX NEWS APP

“She hasn’t held a press conference since Kamala Harris was selected as Joe Biden’s running mate,” said Concha.

“I want to hear [Biden in-person] condemn Andrew Cuomo or say what he has to say about an investigation [like] let it play. As we discussed yesterday, he is the first president in 100 years not to hold an individual press conference in the first five weeks after taking office. “

Leisure briefs | St Joe Dwell

The St. Joseph Performing Arts Association is hosting two shows in March

The St. Joseph Performing Arts Association will bring a mix of virtual and live theater shows to the region in March.

There will be a virtual performance of “Ireland with Michael” on Friday March 12th at 8pm. The show will feature popular singer Michael Londra at the National Opera House in Wexford, Ireland. Recorded in front of a live audience of 750 people, this never-before-seen show features the Irish Concert Orchestra, two choirs, singers and musicians from all over Ireland.

Basic tickets are $ 25 per streaming device. A $ 35 ticket includes a souvenir DVD. A $ 50 ticket includes a souvenir DVD and a private Zoom meet and greet event.

The show runs through Sunday, March 14th. Tickets can be purchased online at www.showtix4u.com/event-details/45326.

On Saturday, March 27th at 1:30 pm, live performances with “The Cat Came Back” from the Mesner Puppet Theater at First Christian Church, 927 Faraon St., will return. Based on the folk song popularized by Fred Penner, this hour-long performance tells the story of Mister Johnson and a mysterious cat that keeps coming back to his front door.

Due to social distancing, participation is limited to 30 children, with one parent per group of children allowed. Masks are required for all participants. Both adult and child tickets are $ 6 each. After the performance, each child receives a take-away package that they can use to make their own doll.

Tickets for the performance can be purchased by calling the Performing Arts Association at 816-279-1225, at the office at 719 Edmond St., or online at www.performingarts-saintjoseph.org.

Alamo Drafthouse Cinemas files for bankruptcy, looking for buyers

AUSTIN, Texas | Alamo Drafthouse Cinemas Holdings, a Texas-based dine-in theater chain, announced Wednesday that it has filed for bankruptcy and will enter into a restructuring agreement due to financial problems during the pandemic.

The company plans to sell most of its assets to affiliates of Altamont Capital and Fortress Investment Group as part of the Chapter 11 bankruptcy, which will allow Alamo Drafthouse to continue operations while its managers and advisors work to repay creditors.

“The transaction will provide the company with much-needed additional funding to stabilize business during the pandemic, which has had an unprecedented and oversized impact on the cinema and hospitality industries,” the company said in a statement. “More importantly, Alamo Drafthouse will be able to return to growth and continue to deliver on its long-term strategic vision.”

In its bankruptcy filing, Alamo Drafthouse listed assets and liabilities of up to $ 500 million each. Court records show that private equity firm Altamont Capital Management owns 40% of the company.

Alamo Drafthouse, like many others in the entertainment industry, has had a difficult year since the pandemic forced many companies to close temporarily and permanently.

The cinema franchise is known for its excellent picture and sound quality as well as the menu and beer menu. Tim League and his wife Karrie founded the chain in Austin in 1997.

The Austin-based company has more than 40 theaters across the country, including some in the Dallas-Fort Worth area and Kansas City, Missouri. Most of the company’s theaters closed last March but reopened in late summer 2020 with a detailed plan for the pandemic log.

As part of the restructuring agreement, the Ritz Alamo Drafthouse in downtown Austin and the theaters in New Braunfels and Kansas City, Missouri, will be permanently closed. All other currently open theaters will continue to operate according to local pandemic guidelines.