NON_POLITICAL China Coronavirus THREAD

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blackangst1

Lifer
Feb 23, 2005
22,902
2,360
126
It didn't.

I heard about it weeks ago. My own company sent this out over a week ago:
7ec0c67a77e83b3d3f2ebf33ad54883a.jpg

Note "phishing emails ... already started to run rampant."

Thats excellent I love seeing this! Our company is especially diligent about phishing. In fact, every employee in the company, including Cxx positions, are phished 6 times/year. And, on top of that, if you fail 2 phishing attempts in a year, your bonus could be in jeopardy.
 
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[DHT]Osiris

Lifer
Dec 15, 2015
17,565
16,931
146
I dont care for many of Trump's proposals, but his idea of halting payroll taxes I think is appropriate for this very reason.

OK OK I KNOW NOT POLITICAL!!!!
Eh from a financial standpoint, it's not gonna help people if they aren't working/if their place of business goes out of business.

I kinda feel like this is one of those moments where people just need scratch to keep the lights on. Either everyone agrees to not charge anyone for shit for a month, or someone gives them the money to cover it as a stopgap until we start the economic engine back up.
 
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Nov 8, 2012
20,842
4,785
146
Household bailout, $4k to all households from uncle sam?

It'd cost a little less than the fed just injected into the markets.

$4k is enough for families to live on with no other income for.... rent... utilities... car payments.... food... groceries... for 2+ months? Honestly I think that is MINIMUM for how long this will take before people feel safe going retail shopping. Amazon has gotta be fuckin happy right now.

Last I heard they were also talking of only doing something like $500 per person... so family of 4 would get $2k.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,360
126
Eh from a financial standpoint, it's not gonna help people if they aren't working/if their place of business goes out of business.

I kinda feel like this is one of those moments where people just need scratch to keep the lights on. Either everyone agrees to not charge anyone for shit for a month, or someone gives them the money to cover it as a stopgap until we start the economic engine back up.

I agree.
 

Muse

Lifer
Jul 11, 2001
41,354
10,476
136
The cats already out of the bag...

Yes, we need to limit large gatherings. Colleges and schools should be closed. Events should be canceled. But, what difference will this make in a 2 week time period? IMO, it's too late. We are now seeing community spread. This 2 week closure is nothing more than our government saying "look we are doing something about this virus." And, it's only a bandaid on a very large wound. The only two options are you just let the virus run its course. We engage in everyday practices, etc. Or, you take the most drastic approach and close EVERYTHING, and test EVERYONE! You isolate the prople who are sick from everyone else.
Bifurcated brain? We need/want to spread-out/lower the bell curve. Simple as that. The measures we take are for that, besides providing the medical community with what it needs as well as we can. Public morale is crucial. We don't want panic, we want responsible actions.
 
Nov 8, 2012
20,842
4,785
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I dont care for many of Trump's proposals, but his idea of halting payroll taxes I think is appropriate for this very reason.

OK OK I KNOW NOT POLITICAL!!!!

Your statement isn't P&N. Getting butt-hurt and partisan is P&N.

Also I have to respectfully disagree on the payroll taxes. While I love paying less in taxes, I just don't think a 4% (or whatever number they are talking about) is going to do anything for the majority of folks.
 
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Red Squirrel

No Lifer
May 24, 2003
71,299
14,080
126
www.anyf.ca
There's some talk that schools here might keep kids home longer for March break which is coming up. Between all the strikes and now this, they are getting pretty good deal on time off these days. :p It's only speculation at this point though. There's been a potential (untested) case in one of the schools so they are taking precautions.
 

[DHT]Osiris

Lifer
Dec 15, 2015
17,565
16,931
146
$4k is enough for families to live on with no other income for.... rent... utilities... car payments.... food... groceries... for 2+ months? Honestly I think that is MINIMUM for how long this will take before people feel safe going retail shopping. Amazon has gotta be fuckin happy right now.

Last I heard they were also talking of only doing something like $500 per person... so family of 4 would get $2k.
I was estimating for 1 month. If we do a 2-month isolation, I'd say 8-10k, and yeah minimum.

A smart organization could scale for cost of living, but I doubt we'd get that ramped up fast enough.
 
Nov 8, 2012
20,842
4,785
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I was estimating for 1 month. If we do a 2-month isolation, I'd say 8-10k, and yeah minimum.

A smart organization could scale for cost of living, but I doubt we'd get that ramped up fast enough.

Yeah I guess I'm not even thinking "full isolation"... I'm thinking more along the lines of how long it will take for the economy to get ramped up - stores to reopen, people to get their jobs back, travel to resume (and thus people get paid). You can make the quarantine 1 month all you want - that still doesn't mean on the day after a plane full of business people are jumping on the next plane and staying in hotels.
 
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Muse

Lifer
Jul 11, 2001
41,354
10,476
136
I just hit my usual Costco, Richmond, CA. Had a list of things I wanted to buy, over a dozen. After 15 minutes I'd found nothing. Finally found a 2.5lb jar of organic unsalted cashews, put it in my cart. I gave up, put it back and drove home. I'd found nothing else I wanted. The checkout lines were gargantuan. Didn't bother checking for a couple of non-essential things on my list.

The parking lot was 100% full! I've never seen that before and this was noon on a Thursday. In fact, as I left I saw that the street had cars parked everywhere on both sides. Those spaces are usually 90% empty.

So, I had problems parking.

The store itself was a madhouse. Of course, no grazing. Just shopping carts and 1/2 crazy people everywhere. Unbelievable amount of toilet paper on carts, many people had multiple huge packages of TP. I still don't get that. A fair amount of water.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,360
126
Lol with cash injection dow is still down 10%

This is kinda FYGM mentality (but my retirement really isnt any elses responsibility) but Im a ways out from needing my investments. So Im not worried about it. Im a strong believer in dollar cost averaging so in the long run this will help me.
 

blackangst1

Lifer
Feb 23, 2005
22,902
2,360
126
I just hit my usual Costco, Richmond, CA. Had a list of things I wanted to buy, over a dozen. After 15 minutes I'd found nothing. Finally found a 2.5lb jar of organic unsalted cashews, put it in my cart. I gave up, put it back and drove home. I'd found nothing else I wanted. The checkout lines were gargantuan. Didn't bother checking for a couple of non-essential things on my list.

The parking lot was 100% full! I've never seen that before and this was noon on a Thursday. In fact, as I left I saw that the street had cars parked everywhere on both sides. Those spaces are usually 90% empty.

So, I had problems parking.

The store itself was a madhouse. Of course, no grazing. Just shopping carts and 1/2 crazy people everywhere. Unbelievable amount of toilet paper on carts, many people had multiple huge packages of TP. I still don't get that. A fair amount of water.

The two Costcos near me are the same way. But theyve instituted a one-per-customer limit on things like water, TP, paper towels, etc.
 

K1052

Elite Member
Aug 21, 2003
53,877
48,653
136
New York City to declare a state of emergency.

March Madness cancelled.
 

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
While I agree we should try to close as much mass gathering places as possible...

What are people's thoughts economically? Anyone working those events are going to be broke. Restaurants will have no one attending and many will fall.

Even if a restaurant does try to stay open and do something like home delivery of food - they are going to have a nightmare trying to get all the supplies and food that they need in order to make the meals.


I'm just sayin' - this all sounds good on paper, but I honestly don't think we can pull it off....
This already happened in China and South Korea. Americans are so clueless to the world around them. They didn't care about SARS/MERS, bird flu, swine flu, and this coronavirus because it happened elsewhere. But coronavirus managed to spread to the West unlike the above. So we're now going to experience firsthand what China and South Korea already experienced.

Restaurants are going to suffer massively. Retail is going to get killed. Places in China and South Korea are ghost towns. Retailers and shop owners have no customers. It's going to get bad. But it doesn't mean the end of the world. Things will recover. New businesses will take the place of old ones. But there's going to be lot of pain in the meantime. Which is what the financial markets are now trying to price in.
 
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ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
If Trump was smart, he would pass out free cash to Americans like Bush did. But it needs to be lot more than $500 per person.
 

CZroe

Lifer
Jun 24, 2001
24,195
857
126

Sonikku

Lifer
Jun 23, 2005
15,916
4,960
136
If Trump was smart, he would pass out free cash to Americans like Bush did. But it needs to be lot more than $500 per person.
Oh he'll pass out free cash alright, to big business. Rest of Americans can go F themselves.

What we really need is sick days required by law so the poorest of us can afford to stay home if sick.