When should we emerge from this COVID-19 shutdown? ‘A May 15 re-opening for South Jersey business seems to be a reasonable compromise’, says Michael Busler, a resident of Ventnor. Busler is a professor of finance at Stockton University.
Busler was featured in a recent Press of Atlantic City editorial. Busler: By May 15, more testing should be available to detect the virus, detect antibodies in people who had the virus, recovered, and are now healthy.
Busler: Newly released information suggests that [COVID-19] virus in saliva droplets can’t live for more than a few minutes when temperatures reach 75 degrees, humidity is over 80%, and there’s direct sunlight.
Any delay past May 15 would shutter many businesses for good? Jersey shore businesses need Memorial Day weekend revenue. The summer season is barely 15 weeks long.
If South Jersey dies open by May 15, seashore business would have at least a week to get their business back up and running.
Any delay past May 15 could force some South Jersey businesses to permanently close.
Business already missed out on the Easter weekend. Mother’s Day will soon be affected too.
Busler in Press of AC: Waiting until June 1 to open would be devastating. It’s possible that many small businesses would close permanently. Perhaps one or two casinos would close.
NJ Governor Phil Murphy should open Atlantic and Cape May counties on May 15.
Michael Busler is a resident of Ventnor. He’s a professor of finance at Stockton University.
Dr. Busler holds a Bachelor Degree in Commerce and Engineering, A Masters of Business Administration with a concentration in Finance and a Ph.D. in Economics with a secondary specialization in Marketing. All three degrees are from Drexel University.
Dr. Busler has been a Financial Consultant to a number of area businesses and individuals for more than 25 years. His advice is often sought when making investment decisions and for long term financial planning. He advises businesses on developing a successful business strategy to optimize cash flows. His research on financial markets, performance modeling, public policy and consumer behavior has been published in 15 different academic journals and presented in 13 countries from the U.S. to the Middle East.