Well, there had to be some action taken. 3.25 million people were laid off in a week. In a single week. And it is thought to be more because of system overload. That is going to effect the economy up and down, from the minimum wage worker who is no longer working, to the small business who had to shut their doors, to the community banks who are going to miss out on a lot mortgage payments, to the big companies like Delta and Marriott who are suffering because of the travel restrictions. Much more should been done for the low/lower wage workers, but I've been saying that since I've been in high school. But, apparently, there is a small bit of the bill which does not allow for any money to go to the President's organization or his properties. That's John Young and 192, right? Not far from my mom's place. When was that?
My friend took that this morning at 6 am on his way to his job of installing kitchens aka "essential job"
Oh please! Speak for yourself! Ronaldo is not letting his physique slip just 'cos he's in lockdown https://t.co/Yc1J6HRIsr— Metro Entertainment (@Metro_Ents) March 24, 2020
I will wait for WHO data but this headline is going around. ITALY DEATH TOLL FROM CORONAVIRUS OUTBREAK RISES BY 919 TO 9,134, POSTING HIGHEST DAILY TALLY SINCE EPIDEMIC BEGAN - OFFICIAL To be fair, probably many of those deaths are only due to lack of ventilators. So everybody should feel fine since the actual mortality rate due to the virus is only 0.1% ... @Lyra
No part in the bill which impedes his friends and associates though.. My point is that were already screwed unless this Covid19 disappears. We are taking the right measures but at the wrong time. Had our leadership taken this seriously and put in the right measures to curb thing and flatten the curve (over a month ago) then this stimulus package would be a success (although still handing low interest freebies to billion dollar corporations). Due to the situation being completely out of control, we are looking into an abyss. So this stimulus will be a bandaid over a huge crack if Covid doesn't disappear by beginning of May. If not we're going to need a second and possibly third stimulus package which of course will benefit corporations over the common man.
I don't know how well they are implementing the stay at home measures in the Lombardy area or across the country, but they could be past the peak in terms of new infections. But that will only be reflected in the stats down the line days from now.
The scariest thing about this is that multiple hospitals apparently stopped counting/sending conclusive numbers, they've got their hands full. 10% of my state apparently has been tested positive for the virus and the claims from the regional government is that we're well prepared but have tough weeks ahead of us.
https://www.pbs.org/newshour/show/2-views-on-balancing-medical-risk-and-economic-pain Interesting read.
Italy records 969 new coronavirus deaths, its highest daily figure, bringing the total virus-related deaths in the country to 9,134https://t.co/iU9Mc5r0FO— BBC News (World) (@BBCWorld) March 27, 2020 BREAKING: Italy reports 969 deaths today. That is the most fatalities by any country in a single day since the pandemic began.— Matt McCarthy (@DrMattMcCarthy) March 27, 2020
Serie A to table collective top-flight wage freeze in Covid-19 solidarity: https://t.co/JDwuiYprym pic.twitter.com/93UAU9fraU— AS USA (@English_AS) March 27, 2020
The assumption that low risk groups will be enough to save the economy is pretty naive. The seed has been planted and personally I canceled every single ticket I had booked for the rest of the year. Tourism sector will be damaged for years, same as sectors like restaurants, bars, concert/event management agencies. I don't understand how people think that lifting the lockdown will drastically improve business. Personally if I have to go to work, I'm going and I'm heading right back home. It's not like I'm going to be paying 140 euro to go the El estadio der coronavirus next to 20000 potential infected folks.
Valencia CF have 25 positive cases of COVID-19, according to Marca. 10 players and 15 members of staff have been affected by the virus. https://t.co/T2ECAGbFZL— Get Spanish Football News (@GSpanishFN) March 27, 2020
Why would it be naive? Given large enough number it could substantially mitigate economic fallout. Not fully, but still. Secondly in more balanced approach, venues with 20k attendance would be prohibited. This nihilistic "let us shutdown everything because we are pretty much fcked" is one way ticket to a place where great depression is number two on the list. I imagine it would be wise trying to avoid that?
Atlético Madrid become third La Liga club in less than 24 hours to implement temporary pay cuts for players and staff. https://t.co/ZoUPfE5gkq— Get Spanish Football News (@GSpanishFN) March 27, 2020
I already said that but let's assume I open my restaurant and one of my kitchen workers gets sick, and all of my kitchen staff is infected. Now I have to: 1.quarantine my entire business 2.suffer a gigantic damage in reputation 3.face potential lawsuits for endangerment Not only that. One of my guests leaves the restaurant, gets tested two days later, boom, positive. 1.i have to quarantine the place 2.i'm the covid positive place that people will avoid 3.potential lawsuits if it surfaces that the cause was one of my employees There is no magic solution in this. Either people risk getting sick and potentially dying or there is no money coming in. Even if you round up all immune people and allow them to run around freely, you'll soon have them interacting with family members and other people, and things will get out of control. In Ischgl a bar owner knew he had positive people working and lied to keep the Bucks rolling. That's how the virus could spread to Germany as well, because they served a lot of Germans on vacation. I have no solution to this, but in order for any plan like this to work, testing will have to be done almost right at your door.
Closing everything down to save lives is the opposite of nihilism. If it came to a choice between the two extremes, maximising my families chances of living through a Great Depression is preferable to having my family die in the midst of a booming economic bonanza. I have employees who are on full pay and aren’t working. I’m using savings to pay salaries whilst income is subsistence level. I prefer that to going into work and risking the lives of myself and my staff. We don’t live in a country where we will die if we don’t work for six months or a year. If we did, I might change my position but until then, I’m prioritising lives over money.