In this Tuesday, Nov. 15, 2016 file photo, The motorcade of President-elect Donald Trump and security personnel are seen outside 21 Club Restaurant in New York. The storied 21 Club in midtown Manhattan, a favorite of celebrities and the power elite for nine decades, is closing indefinitely due to the coronavirus pandemic, but the owners are optimistic about reopening at some point. The restaurant's owners filed notice about the closing with the city on Wednesday, Dec. 9, 2020 saying all 148 employees will be terminated on March 9. (AP Photo/Carolyn Kaster, File)
NEW YORK (AP) — The storied 21 Club in midtown Manhattan, a favorite of celebrities and the power elite for nine decades, is closing indefinitely due to the coronavirus pandemic, but the owners are optimistic about reopening at some point.
The restaurant's owners filed notice about the closing with the city on Wednesday, saying all 148 employees will be terminated on March 9.
The news comes as indoor dining at New York City restaurants will be banned again starting Monday in an effort to halt a resurgence of the virus, but takeout and outdoor dining will still be allowed.
“At this early stage, we are not ready to announce any final concept or timeframe," a statement by the restaurant said. "But the vision is that 21 Club will always remain an important social and cultural hub and icon of New York, one that is well positioned to fulfill its role in the City’s exciting future when the time comes.”
The restaurant has been closed since last March during the first wave of the pandemic, as indoor dining was prohibited.
The 21 Club was a favorite dining place of presidents since Franklin D. Roosevelt's day. Shortly after the 2016 election, then-President-elect Donald Trump broke protocol by leaving his Trump Tower residence without taking along his press contingent to eat at the restaurant.
John Steinbeck, Ernest Hemingway and Frank Sinatra had favorite tables at 21, and Humphrey Bogart proposed to Lauren Bacall there. It appeared in films ranging from the 1950 Bette Davis classic “All About Eve” to 1987's “Wall Street.”
Featured Article: How are Outstanding Shares Different from Authorized Shares?7 Cryptocurrencies That Are Leading The Market Higher
An Influx Of Capital Is Driving Cryptocurrency Higher
There is an influx of money to the cryptocurrency market that is driving the entire complex higher. Not only is institutional interest peaking but recognition and use are on the rise as well. With Bitcoin setting new all-time highs 100% above the 2017 highs the number of new Bitcoin millionaires is on the rise too.
But Bitcoin is not the only cryptocurrency on the market today by far. The number of cryptocurrencies on the market has been growing steadily with more than 4,000 listed on Coinmarketcap alone. But that doesn’t mean they are all worth your time. Many if not most will not stand the test of time.
One way to judge the market’s interest in a cryptocurrency is its market performance gains. A cryptocurrency that is gaining in value is certainly one that you may want to own. The better method of judging the market’s interest in a cryptocurrency is the market cap. The cryptocurrency market is worth upwards of $1 trillion and growing, and most of that value is centered in the top seven. Together, the bottom 3,993 odd cryptocurrencies only account for 12% of the market and have yet to prove any lasting value.
View the "7 Cryptocurrencies That Are Leading The Market Higher"