NON_POLITICAL China Coronavirus THREAD

[highland145]

When you get a payoff quote, you can do the math. I helped a friend of mine calculate his today. He has 19 years left. We looked at rolling it into a 15 year fixed at 2.5% and it would take four years with the same exact payment...saving him $43000.

Hehe, compounded interest works both ways.

 

[Red Squirrel]

You get a yearly statement no? How the hell don't you know what is the rate you are paying?

Best to go over to the mortgage thread instead of mucking up this one.

Well I thought I knew the rate but you told me those numbers are wrong. I just have a basic summery when I login I don't get an actual statement. But yeah did not realize there was a thread. Anyway think the easiest is to just ask my bank which I will do.

 

[sdifox]

Well I thought I knew the rate but you told me those numbers are wrong. I just have a basic summery when I login I don't get an actual statement. But yeah did not realize there was a thread. Anyway think the easiest is to just ask my bank which I will do.

Not wrong, they are posted rates. Branches can usually do better than those rates.

 

[highland145]

Not wrong, they are posted rates. Branches can usually do better than those rates.

So do you not have fixed, 10, 15, 30?

 

[Scarpozzi]

Hehe, compounded interest works both ways.

I rolled all of my business finance knowledge into a spreadsheet 15 years ago on a Google Drive somewhere. I defer to it for most things and just plug in values to see how much interest a loan actually costs. I don't care so much when interest is paid, unless there's opportunity cost in me not having that cash available to invest. There's a lot of upside to having all your debt under 2.5% APR like I do/have for the past 7 years. I'm just glad a bunch of my friends are able to get in on the lower rates. It's a heck of an opportunity.

 

[sdifox]

So do you not have fixed, 10, 15, 30?

Amortised 30 years or more but you sign 1-5 year open or closed term. I don't think they offer long term mortgages.

 

[highland145]

Amortised 30 years or more but you sign 1-5 year open or closed term. I don't think they offer long term mortgages.

Danke.

 

[Dari]

Lots of people in this thread are being ridiculous. Think, people. You remind me of the Chinese after the tsunami hit and Fukushima became a blighted city. Even though they had nothing to worry about (Japan was their sea wall) the Chinese started buying iodine salt and were actually fighting each other over basic supplies. Meanwhile. the Japanese were cool, calm, collected.

Why people here are rushing to buy water, toilet paper and other necessities is beyond me. No one is doing that here in NYC and we're the most vulnerable. Why? Because just like China, Korea, Japan and Europe, we have a high population density. People here rarely drive so we're packed like sardines in subways to get from A to B. Luckily, America is like Africa, a bunch of bantustans which makes a pandemic much harder to spread. The rest of the country has people much further spread out, making it very difficult for this virus to spread. And once someone in a certain community has it, thanks to our free press, everyone will know about it.

Look at the cases so far in this country. The worst hit has been a nursing home, a Jewish orthodox community and...a cruise ship. These are tight areas with the nursing home and cruise ship having a disproportionate amount of old people. Compare this with China, Korea, Italy, and Japan, countries with some of the oldest populations on earth living like sardines. The one exception here is Iran, which has a very young population (average age being 32). However, just as elsewhere, the virus appears to have caught fire with the very old (in this case, the powerful and elite), with the religious capital of Qom being the source of the epidemic there. Also, most of the population is in the far west, with everywhere else being sparsely populated.

The sporadic cases in California probably originated from healthcare workers not taking the necessary precautions.

IMHO, I think so long as the government and media do their job, this virus will be manageable here. We need to bar Koreans and Italians from entering this country. But I think politics will get in the way. I think the source of new cases will continue to come from abroad. I simply do not believe, given our population density, that the coronavirus will infect Americans with the same intensity as it has Iran, Italy, S. Korea, China and, to a lesser extent, Japan. We just need to make sure it doesn't hit our elderly communities, since they are the most vulnerable.

 

[DrMrLordX]

@Dari

How dare you take this thread back on-topic!!!

 

[local]

IMHO, I think so long as the government and media do their job, this virus will be manageable here. We need to bar Koreans and Italians from entering this country. But I think politics will get in the way. I think the source of new cases will continue to come from abroad. I simply do not believe, given our population density, that the coronavirus will infect Americans with the same intensity as it has Iran, Italy, S. Korea, China and, to a lesser extent, Japan. We just need to make sure it doesn't hit our elderly communities, since they are the most vulnerable.

I disagree, but only time will tell for sure.

In other cool tech related news I found this to be pretty interesting.

DARPA Races To Create a “Firebreak” Treatment for the Coronavirus

Researchers working under DARPA’s Pandemic Preparedness Platform seek to create instant, short-term countermeasure

spectrum.ieee.org

 

[jpiniero]

Why people here are rushing to buy water, toilet paper and other necessities is beyond me. No one is doing that here in NYC and we're the most vulnerable. Why? Because just like China, Korea, Japan and Europe, we have a high population density. People here rarely drive so we're packed like sardines in subways to get from A to B. Luckily, America is like Africa, a bunch of bantustans which makes a pandemic much harder to spread. The rest of the country has people much further spread out, making it very difficult for this virus to spread. And once someone in a certain community has it, thanks to our free press, everyone will know about it.

There's an outbreak in Boston. Only a matter of time before it hits NYC.

 

[Dari]

Also, if the trade war didn't get us thinking about it, this coronavirus definitely has to. We need to seriously re-think the pitfalls of globalization. More importantly, we should not put all our manufacturing eggs in a hostile nation that is known for being the source of countless pandemics throughout history. That's just asinine. We need to bring some of those factories back home, or, at the very least, to our near-abroad. That should also help with illegal immigration on our southern border.

 

[Muse]

It still makes sense to research vaccines for this exact reason. The virus that causes COVID-19 is literally SARS-CoV-2.

I was NOT suggesting we not research vaccines. Did you read my posts? I said it's our best chance to stem this thing, quite possibly. I was just pointing out that SARS was quelled before a vaccine could/needed to be developed. A lot of people died, but less than have already died from covid-19.

 

[Muse]

Mose of LATAM is not really wealthy enough to be traveling all over so their might not be much of exposure there.

What is LATAM? Googling I come up with an airline.

 

[Muse]

Since interest rates were lowered (both US and Canada) think it would make it worthwhile to remortgage? Or would the penalty basically be more than the savings? Is this something a bank would be able or willing to tell you if you asked? I imagine it depends on each individual scenario.

I have 3 years left on my term so I don't think it's worth it as the penalty is probably based on how much time is left... but just a random thought that came to mind.

It's numbers. Gotta figure them out.

I'd want to make sure that you aren't subject to increases like some borrowers were subject to during the housing crisis. They'd get in at a lower rate and find themselves swamped when rates went up. This from a guy who's never had a mortgage, so yeah, I'm no expert!

 

[Muse]

Err we do have fixed rate mortgage.

Good point.

Now, it seems to me this is pretty damn off topic here.

 

[Muse]

There's an outbreak in Boston. Only a matter of time before it hits NYC.

Saw on news tonight, IIRC 22 cases confirmed, 4000 quarantined in NY, maybe NYC.

 

[Scarpozzi]

Lots of people in this thread are being ridiculous. Think, people. You remind me of the Chinese after the tsunami hit and Fukushima became a blighted city. Even though they had nothing to worry about (Japan was their sea wall) the Chinese started buying iodine salt and were actually fighting each other over basic supplies. Meanwhile. the Japanese were cool, calm, collected.

Why people here are rushing to buy water, toilet paper and other necessities is beyond me. No one is doing that here in NYC and we're the most vulnerable. Why? Because just like China, Korea, Japan and Europe, we have a high population density. People here rarely drive so we're packed like sardines in subways to get from A to B. Luckily, America is like Africa, a bunch of bantustans which makes a pandemic much harder to spread. The rest of the country has people much further spread out, making it very difficult for this virus to spread. And once someone in a certain community has it, thanks to our free press, everyone will know about it.

Look at the cases so far in this country. The worst hit has been a nursing home, a Jewish orthodox community and...a cruise ship. These are tight areas with the nursing home and cruise ship having a disproportionate amount of old people. Compare this with China, Korea, Italy, and Japan, countries with some of the oldest populations on earth living like sardines. The one exception here is Iran, which has a very young population (average age being 32). However, just as elsewhere, the virus appears to have caught fire with the very old (in this case, the powerful and elite), with the religious capital of Qom being the source of the epidemic there. Also, most of the population is in the far west, with everywhere else being sparsely populated.

The sporadic cases in California probably originated from healthcare workers not taking the necessary precautions.

IMHO, I think so long as the government and media do their job, this virus will be manageable here. We need to bar Koreans and Italians from entering this country. But I think politics will get in the way. I think the source of new cases will continue to come from abroad. I simply do not believe, given our population density, that the coronavirus will infect Americans with the same intensity as it has Iran, Italy, S. Korea, China and, to a lesser extent, Japan. We just need to make sure it doesn't hit our elderly communities, since they are the most vulnerable.

I already said about 300 posts ago. "It's noodles!" That was supposed to be the last comment.

Seriously though. This thing is real, it's contagious, and it is dangerous to some....even worse is the timeline from exposure to peak of the illness. Tons of speculation and bad info online by people, health workers, and government officials. Based on how long it takes to affect folks (1-3 weeks which is typical length of time for many viruses like colds), it does have potential to spread unnoticed.

Organized religion seems to be the biggest risk. I wonder if mass in Italy and drinking from the same cup has influenced the spread there. I don't know many Persian customs, but assume their prayers also put them in close proximity to many others and can cause a lot of opportunities for the virus to spread each day.

The US may be isolated from many practices, but religion, schools, and large offices aren't.

 

[Spacehead]

For these people that are being told to stay home (self quarantine)... what are they supposed to do for money? Use up vacation/sick leave time? Would signing up for unemployment be an option?

 

[Scarpozzi]

For these people that are being told to stay home (self quarantine)... what are they supposed to do for money? Use up vacation/sick leave time? Would signing up for unemployment be an option?

That's a huge concern. People in retail and food service industries don't have paid leave most of the time. Sole proprietors often don't have employees to pay. Even worse....going to a hospital with covid-19, you get billed for all kinds of extra isolation bullshit I bet if you're self pay. (Insurance companies wouldn't stand for that)

 

[randay]

Also, if the trade war didn't get us thinking about it, this coronavirus definitely has to. We need to seriously re-think the pitfalls of globalization. More importantly, we should not put all our manufacturing eggs in a hostile nation that is known for being the source of countless pandemics throughout history. That's just asinine. We need to bring some of those factories back home, or, at the very least, to our near-abroad. That should also help with illegal immigration on our southern border.

Yeah folks, listen to Dari, dont panic and buy useless TP and bottle water. Instead we should all be rethinking the pitfalls of globalization and bringing home manufacturing jobs. BWAHAHAHA fucking hilarous.

 

[Spacehead]

Well, we should bring back manufacturing. If shortages on goods hi-lites the need to be able to make things for ourselves it's not a bad thing. But for now we need to get past this worldwide outbreak then talk about that... if our short attention span will let us.

 

[CZroe]

How many successful corona type virus vaccines are out there?

AFAIK this is already the most serious corona virus ever. SARS was way nothing compared to this so a vaccine wasn't, it died out first.

It still makes sense to research vaccines for this exact reason. The virus that causes COVID-19 is literally SARS-CoV-2.

I was NOT suggesting we not research vaccines. Did you read my posts? I said it's our best chance to stem this thing, quite possibly. I was just pointing out that SARS was quelled before a vaccine could/needed to be developed. A lot of people died, but less than have already died from covid-19.

Oh, I read it and understood what you meant despite some words you accidentally left out. It seems you misunderstood me though.

You said that they didn't develop vaccines for SARS and MERS because the viruses died out first. Though MERS is actually still spreading in the wild, I didn't point that out. Instead, I said that it still made sense to develop a vaccine for these dead viruses for the exact reason we have now: A new SARS. SARS-CoV-2 AKA "COVID-19."

Even if a SARS/MERS vaccine were completely ineffective on SARS-CoV-2, the research could have applied here to accelerate producing a new vaccine.

 

[sdifox]

What is LATAM? Googling I come up with an airline.

I imagine it means Latin America. And there are rich people there too.

 

[aigomorla]

https://www.facebook.com/video.php?v=10202402491479861

LMAO reminds of a video i saw on a chinese guy documenting how he goes out in wuhan.
He litterally dressed up almost like he was going out to chemical war, except he didn't wear gloves.
When he walked back in his house, he dragged his cart in without spraying it, and unloaded the groceries without again, gloves.

I was commenting to my parents, he goes that far to wear a full gas mask, and even a rain coat, yet he fails to follow containment at the last part.