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 Message Boards » » Coronavirus economic impact thread Page 1 [2] 3 4, Prev Next  
utowncha
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union county (monroe) shut down everything today because of e coli in the water system. of course everyone thinks its coronavirus.

3/12/2020 4:39:38 PM

daaave
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https://www.nydailynews.com/new-york/ny-coronavirus-cuomo-public-density-20200312-bozewybl2zarplo2iashkmnwiy-story.html

Gov. Cuomo bans public events with more than 500 people to fight coronavirus

[Edited on March 12, 2020 at 4:40 PM. Reason : .]

3/12/2020 4:40:32 PM

A Tanzarian
drip drip boom
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We've got a 250-person limit here in Washington.

3/12/2020 4:56:38 PM

rjrumfel
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Man, company VPN's are gonna be stressed

3/12/2020 5:10:37 PM

dtownral
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Gov. Cooper recommended cancelling events over 100 people, but wont issue a ban

3/12/2020 5:25:10 PM

A Tanzarian
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...and now schools will be closed for 6 weeks.

[Edited on March 12, 2020 at 5:56 PM. Reason : in Washington]

3/12/2020 5:55:48 PM

StTexan
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3/12/2020 6:05:36 PM

moron
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Quote :
" President Donald Trump finally offered some attempt at fiscal stimulus, but the measures fell flat. The European Central Bank took a stab by easing capital constraints and boosting liquidity, and losses only deepened. Not even an unprecedented plan for $5 trillion in bond-buying from the Federal Reserve could mollify investors rattled by the growing likelihood that the coronavirus will plunge the global economy into recession."


I’m not an economist but I don’t see the thinking behind this kind of stimulus. If the problem was fear or investing or not enough money to invest, as in 2008, this might make sense. But investors are expecting real loss on worker productivity because of quarantine, isolation, and lockdown. You can’t invest in opportunity that doesn’t exist, but maybe I’m missing something here.

https://www.bloomberg.com/news/articles/2020-03-11/asia-stocks-set-for-losses-dow-enters-bear-market-markets-wrap

Trump continues to try and minimize the potential for impact too which will make the impact worse. CDC supposedly only tested 77 people today.

Hard to predict how this is going to end up. States are doing the right thing but policies are disjoint between states. I haven’t heard anything from my insurance on what I’m supposed to do if I think I’m sick. Do I just traipse into an urgent care waiting room risking infecting other people or getting infected?

3/12/2020 6:22:25 PM

The Coz
Tempus Fugitive
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No, you call a healthcare provider and describe your symptoms.

3/12/2020 7:28:43 PM

TreeTwista10
Forgetful Jones
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what if they set up phone lines that people could call

3/12/2020 7:42:45 PM

PaulISdead
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I hope old people with mental illnesses related to anxiety don't wear out the systems

3/12/2020 7:51:50 PM

Nighthawk
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UNC is going full remote for students, but my school is going to have Faculty teach from our empty classrooms and have most of us still come in. Hoping that gets changed once folks realize that this can be taught totally from home. We have a meeting to inform the Faculty about this tomorrow, but they've already been saying they are not going to come in because of Coronavirus. Telling them what to do is way the fuck above my paygrade.

And kids K-12 school is cancelled until at least April. I'm going to talk to my boss about working from home every other day or half days or something. We shall see how this plays out. Crazy times.

3/12/2020 10:38:53 PM

horosho
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^pretty much the same boat at my comm college. I'm sick of having meetings about how we're going to teach online. I hate going to school anytime the students are not there but i'm not complaining now because its like the only chance to get out the house now and theres nothing to "leave and go do"

3/12/2020 11:16:16 PM

moron
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Interesting info from an expert panel at UCSF

They’re basically resigned to a bunch of deaths particularly of old people. The main goals now are to keep the system from buckling under capacity which means spreading out the infections over longer time period.

Hard to say what a million plus old and sick people dying across the country will cause

If you can keep your old people isolated that’s how they are safest— pull them out of nursing homes. It smart would be better for young people to go ahead and get sick, quarantine, then become immune to create a herd immunity.

https://www.linkedin.com/pulse/notes-from-ucsf-expert-panel-march-10-dr-jordan-shlain-m-d-

3/13/2020 1:29:27 AM

UJustWait84
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It's a logistical nightmare for me, personally. If you ever want to know how much your employer truly values you when you work in education/academia, or if they'll try to set you up for success when shit hits the fan, you'll probably be sorely disappointed. Especially if you work at a public institution. One of my Deans is a total coward and turned on his auto-reply today because he's "taking time for his mental health" about an hour after another cowardly college president decided to close the school, TOMORROW instead of immediately.

Glad I can figure my shit out on my own, while admins who make bank can bounce and take time for themselves, all knowing that teachers will press on and take care of themselves, their students, and each other. Feels good man.





[Edited on March 13, 2020 at 1:39 AM. Reason : BOYCOTT DA SCHOOOOOO]

3/13/2020 1:37:04 AM

rwoody
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[Edited on March 13, 2020 at 2:11 AM. Reason : Nm I don't want to share]

3/13/2020 2:11:05 AM

UJustWait84
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PM me bro, I'm up rage drinking

3/13/2020 2:23:40 AM

TreeTwista10
Forgetful Jones
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the A's might go to Vegas, sorry bro bro

3/13/2020 3:33:59 AM

Pupils DiL8t
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PNC Arena ain't scurred.

https://twitter.com/PNCArena/status/1238575811835432962

3/13/2020 6:18:42 PM

qntmfred
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3/13/2020 6:36:32 PM

PaulISdead
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Did government reach out to the site to implement a testing website using the school tool or rides platform?

3/13/2020 7:30:03 PM

justinh524
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They are using the rides map to track the spread across the state. Or to draw dicks on. One or the other.

3/13/2020 7:43:46 PM

horosho
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When schools are out and everyone else isolating, how will nurses and doctors get childcare?

3/13/2020 8:57:41 PM

StTexan
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Where the hell 1.5 trillion come from? Its like poof here is 1.5 trillion? Why not 5 trillion? Why not 500 billion. That whole 1.5 trillion thing seemed suspect af and landed with a thud

3/13/2020 9:00:48 PM

horosho
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somebody powerful forgot to offload their shares before the call price and this bought them an extra 30 minutes.

3/13/2020 9:22:35 PM

ShawnaC123
2019 Egg Champ
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My company announced today that it's shutting down manufacturing for two weeks and all the salaried employees are working from home for that time. Hopefully we can get something cleared up by then cause if not they'll run out of inventory and therefore run out of money to pay me with.

3/13/2020 9:24:56 PM

horosho
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Once again, Pelosi has created a fake solution to pat herself on the back while ignoring working Americans. Its her entire legacy. Fuck her.
https://www.nytimes.com/2020/03/14/opinion/coronavirus-pelosi-sick-leave.html

3/15/2020 12:38:19 AM

CaelNCSU
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Quote :
"Where the hell 1.5 trillion come from? Its like poof here is 1.5 trillion? Why not 5 trillion? Why not 500 billion. That whole 1.5 trillion thing seemed suspect af and landed with a thud"


The Federal Reserve can create money out of thin air and buy bank securities with it. They did this for a long time after 2008.

https://en.m.wikipedia.org/wiki/Quantitative_easing

3/15/2020 9:05:41 AM

GrumpyGOP
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For a long time, I've been irritated at the amount of work travel I have relative to my coworkers. I got a lot less. Finally, though, the stars aligned and I had no fewer than six trips scheduled for the first five months of the year. That adds up to a lot of extra vacation time and extra money, both of which I could use, since I just bought a house and need to fix a bunch of shit.

I got to go on one of those trips before everything went tits up.

This is definitely some white privilege first world problems shit, I know. We can telework (to the enormous frustration of our bosses, who have been trying to scale it back for years and who are now forced to encourage it). I don't have kids to be kept out of school. I got a pile of sick leave if I need it, and although my retirement accounts are taking a beating, I'm still decades away from needing them.

But damn, man. That per diem money was gonna buy me a grill.

3/15/2020 12:25:13 PM

The Coz
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How does that add up to extra vacation time? Are you just considering business travel as a comparative vacation versus being in the office?

3/15/2020 12:32:27 PM

fatcatt316
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Quote :
"tell me again how to post on my own website"


Hahaha

3/15/2020 1:01:40 PM

theDuke866
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^^^ Yep--it's the absolute most first-world of first-world problems, as I will bet that the impact now will be that I end up not going to work for weeks, but getting paid just the same. Oh, and it's spring in FL and I'm getting a boat next weekend and will have both of my motorcycles fixed here in a few days. Other than having a nurse wife who I figure will surely bring the virus home and infect us all, I suppose I have just about the fewest imaginable woes that one could have from this. Trust me, I'm keeping it in perspective.

...but I was supposed to go to Vegas with my wife this week--which was a 1st anniversary make-up of our honeymoon-to-be that got screwed up last year--then I was going to Germany and then on to Morocco a day or two after that with the USMC Reserves for a 2-2.5 week multinational military exercise. All of that got cancelled.

I'm supposed to do a 10-day trip to Nepal in June for an off-road motorcycle tour of the country, starting in Kathmandu and up into lower Mustang province. Hopefully that trip doesn't get screwed up.

I've been really looking forward to all this travel and adventure for 6 months, as I had been feeling like a little too much grass had been growing under my feet for a while.

3/15/2020 1:21:25 PM

GrumpyGOP
yovo yovo bonsoir
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Quote :
"How does that add up to extra vacation time?"


We get compensatory time off for travel outside of normal work hours, so if I'm in transit for 8 hours on a Sunday, that works out to 8 hours comp time that works functionally the same as vacation.

There's some nuance to it, limits on how much can be taken for layovers and whatnot, but that's the basic concept. And given that my work involves tropical regions of the world that I enjoy visiting, yes, work trips are like a vacation from the office (even if the entire day is spent in the same type of dull conference room I would be in back home).

3/15/2020 1:36:48 PM

The Coz
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Thanks for explaining!

3/15/2020 4:12:58 PM

qntmfred
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No problem!

3/15/2020 4:23:59 PM

theDuke866
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^^^ So you're hourly, and it's structured so that travel time effectively gets paid to you in the long run, but it can't put you into overtime?

3/15/2020 4:42:27 PM

justinh524
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I don't think you can assume he's hourly just by that post.

3/15/2020 4:57:54 PM

StTexan
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[Edited on March 15, 2020 at 5:03 PM. Reason : Moar economy]

3/15/2020 5:03:08 PM

rwoody
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Qntm making hay with all these new quarantine aliases

3/15/2020 5:52:16 PM

moron
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Futures down again. Fed announced more QE.

still feels like were weeks Behind a proper response, everything is very haphazard. Seems like it’s going to come down to states to manage things and Colorado has done the best job from what I’ve seen.

3/15/2020 6:52:05 PM

dtownral
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I'm going to cancel April renters, and I'm growing increasingly concerned that this entire season is going to be canceled

3/15/2020 9:20:16 PM

StTexan
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NBA eyeing return mid to late june at the earliest, with no fans then

3/15/2020 9:30:21 PM

moron
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Ny shutting down sit-in restaurants. Didn’t expect things to get this bad. This is going to be bad...

Kind of a good thing we have factory farming now too, our food supply should hopefully stay stable

3/15/2020 11:50:42 PM

horosho
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What they don't realize is that this was the only source of internet for a lot of poeple

3/16/2020 12:17:09 AM

0EPII1
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This POS bastard

https://www.msn.com/en-us/news/us/he-has-17-700-bottles-of-hand-sanitizer-and-nowhere-to-sell-them/ar-BB11blvS

But he thinks he is doing a "public service", yeah, that's right

He will have his comeuppance one day.

3/16/2020 6:24:20 AM

dtownral
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Just wait till you learn about the latest events with that guy when it finally makes it to you in about 3 days

3/16/2020 6:29:30 AM

Flyin Ryan
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I think a lot of people's planned retirements are going to be delayed out of this.

My mother-in-law is in early 60s and transferred all her 401k money to very safe investments...in early January. Her and my father-in-law who is on permanent disability are not well-off by a longshot, so happy for her she lucked out and did this when she did.

A CNBC anchor or two throwing out 2 week closure of markets. I doubt that would go well.

[Edited on March 16, 2020 at 8:52 AM. Reason : /]

3/16/2020 8:47:19 AM

rwoody
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Quote :
"Just wait till you learn about the latest events with that guy when it finally makes it to you in about 3 days"

3/16/2020 9:03:22 AM

CaelNCSU
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Quote :
"
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Ny shutting down sit-in restaurants. Didn’t expect things to get this bad. This is going to be bad...

Kind of a good thing we have factory farming now too, our food supply should hopefully stay stable"


The risk to the latter in economic turmoil is far greater. As restaurants close and the big suppliers become in jeopardy it's going to have more effects. Not to mention large plants with people working in close quarters more susceptible and the immigrants who work there high tailing it home.

If the system were more decentralized effects would be more local and Phil the farmer wouldn't have to worry about Buddy.

3/16/2020 9:18:54 AM

horosho
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The markets hit circuit breaker on opening 9% drop.

Grand opening. Grand closing.

3/16/2020 9:37:52 AM

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