May 5, 2020
Covid 19 Crisis & the Economy and How It Is Impacting the Most Vulnerable
- BRT S01 EP13 5-3-2020
Guest: Steve Zabilski Executive Director of St Vincent DePaul https://www.stvincentdepaul.net/about/our-board
Help to Feed, Clothe, House, Heal those who need it most
Steve Zabilski has served as the Society of St. Vincent de Paul’s executive director since 1997. Prior positions include senior vice president with Transamerica Insurance Group and audit manager for the accounting firm KPMG LLC.
Steve Zabilski embodies the philosophy of serving those in need. And appropriately, he is well-situated to live out those precepts of charity as CEO of the Society of St. Vincent de Paul (SVDP) Phoenix, where he oversees the day-to-day operation of the organization’s 250 employees and thousands of volunteers throughout Arizona.
“We are a place that provides opportunities for others to be of service and this provides real meaning in our lives; a sense of purpose, a peace and joy that comes from having a reason for being that which is greater than ourselves,” professed Zabilski.
The Society of St. Vincent de Paul is dedicated to feeding, clothing, housing and healing individuals and families in our community who have nowhere else to turn for help. As important, SVdP provides meaningful opportunities for volunteers to serve their neighbors in need with love and compassion.
SVdP has been serving our community throughout central and northern Arizona since 1946. Programs include:
- Services for the homeless.
- Medical and dental care for the working poor.
- Charity dining rooms that serve thousands each day.
- Food boxes for hungry families.
- Thrift stores throughout the region.
- A bridge housing shelter.
- General assistance for individuals in need.
Notes:
Covid 19 crisis and the impact on the homeless population in Phx
Status of donations to St Vincent during the crisis – whether increased or went down
Business of St Vincent – how St Vincent raises funds, times of the year when donations are high
Staff at St Vincent, paid workers vs people in community who donate time, resources, or professional services pro bono
where people can go, website, etc. to donate, and what they can donate (what is needed)
MB on Government Handling of The Crisis - Could they have Prepared Better?
Notes:
Economy – all data shows worse since early 2009
Stimulus of $2 tril and counting, maybe $400 bil more
26 million unemployment, headed for 15%
Compare to 2008 recession
3% GDP decline, 10-20% overall decline in business in 2020
business down over 50% in some industries
Manufacturing and service down almost 50%
Car – can they recover, will Gov’t bailout? 2009 needed $82 bil loan, is BK likely?
Travel off 85%, Hotel down at least 70-80%
https://www.ahla.com/covid-19s-impact-hotel-industry
Oil down 50%
Retail – co’s going to online mkt have hope, online up 50%, online was already threatening retail
1 in 4 jobs retail related
15k stores could close, 600k workers already furloughed, and major retailers like JC Pennys, Nordstrom, Gap, Macys, Kohl’s in trouble – expect BK and rent abatement
others will go under – up to 50% of retail could fail, bk as bailout prob will not happen
Macerich – mall operator
NBC News – retail has been on life support 4/7/2020
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https://brt-show.libsyn.com/category/Community-Charity-Education
Investing Topic: https://brt-show.libsyn.com/category/investing
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