When Hurricane Katrina shut down Melvin Rodrigue's famed Galatoire's restaurant in New Orleans, insurance paid for his losses. This time, it won't. 'I think Katrina is going to prove to be a cakewalk compared to this,' he says.
Just about every restaurant nationwide has been hit hard at once, making this disaster unique.
Restaurants of all types are in varying states of collapse. The industry is the country's second-largest private employer with 15.6 million workers. Now, many of them are without work and face a suddenly shaky job market. "For a restaurant, you have to have certainty in order to operate, and those are three changes in one day — one 24-hour period," Rodrigue says.
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