Coronavirus COVID-19 - Global Health Pandemic #50

[rodneymullenmg]

The government needs to help companies. Companies are what fuels the government snd supports the government with tax support. Without businesses and companies, Government would collapse.

The government would not be able to help workers if there were no successful businesses supporting the tax base.

And how can the government support workers without helping companies? Companies are made up of workers.

Without companies, there are no workers. Without workers, there are no companies. I don't see how we can separate them from each other.

Sorry, I believe in supporting workers, the actual source of taxes and income for the companies.
Help people, not corporations.
Protect families, not stocks.

There is no company without workers. Not a single CEO works harder than the workers they make millions off the exploited backs of.

 

[Inthedetails]

The government needs to help companies. Companies are what fuels the government snd supports the government with tax support. Without businesses and companies, Government would collapse.

The government would not be able to help workers if there were no successful businesses supporting the tax base.

And how can the government support workers without helping companies? Companies are made up of workers.

Without companies, there are no workers. Without workers, there are no companies. I don't see how we can separate them from each other.

Absolutely!

But some companies have assets, cushion, reserves, (maybe salary cuts of the executives?!), and, in general, an ability to sustain longer.

Smaller companies may not have that kind of access to resources and I'd like to think they get a chance at the forgivable loans before companies that don't really need it to survive but took the forgivable loan money anyway.

jmopinion

 

[anneg]

The main concern is that the federal program was intended for *small* business owners who do not have access to other forms of capital infusions. Larger, profitable companies have many options and opportunities for investment capital and this program was meant to help many in small increments as opposed to shake shack and ruth chris taking large chunks of it. I hope public pressure is applied as it was to shake shack and that the funding is returned and re-allocated as intended.

PPP lawsuit hits four of America's biggest banks - CNN
[BBM below]

"Four of America's biggest banks have been accused of harming thousands of coronavirus-hit small businesses by unfairly prioritizing emergency loan requests from large customers to earn fatter fees.

Bank of America (BAC), Wells Fargo, JPMorgan Chase and US Bank were sued Sunday for allegedly failing to process forgivable loans in the $349 billion Paycheck Protection Program (PPP) on a first-come first-served basis."

..."The legal action was brought by a range of California small businesses, including a frozen yogurt shop, law firms, an auto repair company and a cybersecurity firm."

..."The forgivable loan program, a centerpiece of the $2 trillion stimulus package enacted by Congress, is intended to keep small businesses and their workers afloat during the pandemic. The loans can be used by small businesses with 500 or fewer employees to pay workers' salaries, rent and utility costs.

Demand was so strong for PPP loans, which charge just 1% interest, that the program ran out of money earlier this month, leaving tens of thousands of small businesses without the lifelines they need to get through the crisis."

ETA that my son is a small business owner who applied for a PPP loan and got nothing.

 

[margarita25]

The government needs to help companies. Companies are what fuels the government snd supports the government with tax support. Without businesses and companies, Government would collapse.

The government would not be able to help workers if there were no successful businesses supporting the tax base.

And how can the government support workers without helping companies? Companies are made up of workers.

Without companies, there are no workers. Without workers, there are no companies. I don't see how we can separate them from each other.

Sorry, I believe in supporting workers, the actual source of taxes and income for the companies.
Help people, not corporations.
Protect families, not stocks.

There is no company without workers. Not a single CEO works harder than the workers they make millions off the exploited backs of.

You both have excellent points, and I’m not touching this conversation with a ten foot pole, , but I say how about the government help everyone, both companies and workers, doesn’t have to be an either/or, or does it?

A bipartisan, multi government collaborative approach. All that solidarity stuff.

I’m going back to Guangdong (I just like typing that word, “Guangdong” )

 

[rodneymullenmg]

Absolutely!

But some companies have assets, cushion, reserves, (maybe salary cuts of the executives?!), and, in general, an ability to sustain longer.

Smaller companies may not have that kind of access to resources and I'd like to think they get a chance at the forgivable loans before companies that don't really need it to survive but took the forgivable loan money anyway.

jmopinion

IMO its ridiculous and horrible that large companies and corporations feel absolutely no duty to help their workers and try to exploit assistance programs in order to protect CEO and executive pockets. These companies have assets, reserves and executive salaries that they can use/cut in a situation like this.

IMO its insane we as Americans think this is justified.

 

[oviedo]

PPP lawsuit hits four of America's biggest banks - CNN
[BBM below]

"Four of America's biggest banks have been accused of harming thousands of coronavirus-hit small businesses by unfairly prioritizing emergency loan requests from large customers to earn fatter fees.

Bank of America (BAC), Wells Fargo, JPMorgan Chase and US Bank were sued Sunday for allegedly failing to process forgivable loans in the $349 billion Paycheck Protection Program (PPP) on a first-come first-served basis."

..."The legal action was brought by a range of California small businesses, including a frozen yogurt shop, law firms, an auto repair company and a cybersecurity firm."

..."The forgivable loan program, a centerpiece of the $2 trillion stimulus package enacted by Congress, is intended to keep small businesses and their workers afloat during the pandemic. The loans can be used by small businesses with 500 or fewer employees to pay workers' salaries, rent and utility costs.

Demand was so strong for PPP loans, which charge just 1% interest, that the program ran out of money earlier this month, leaving tens of thousands of small businesses without the lifelines they need to get through the crisis."

ETA that my son is a small business owner who applied for a PPP loan and got nothing.

I didn't even know they earned a fee for processing the loan - but this all makes sense now IMO. Thanks (I added it to the CARES thread)

 

[Really?]

We have already cancelled all bookings for our beach house with a full refund, plus 5% of the deposit. It is just not worth it.

How did they take the news?
I have the same people year after year.....no contract ....no deposit. I have only received one payment but have left the check untouched.

 

[musicaljoke]

This is fascinating, @margarita25 Really good on-the-ground data. Sounds like the antibody formation was really variable in this family. That first kid testing negative is probably an artifact of the test - they should test again (but most places won't let them do that easily).

Interesting that husband didn't get to the antibody formation stage and was so sick. I hope he's okay (this virus damages testicular tissue preferentially, so men have a reason to worry about the after-effects; in some men it's enough to reduce testosterone production permanently and in a very few, they end up sterile).

Do you have a link for that?

 

[anneg]

IMO its ridiculous and horrible that large companies and corporations feel absolutely no duty to help their workers and try to exploit assistance programs in order to protect CEO and executive pockets. These companies have assets, reserves and executive salaries that they can use/cut in a situation like this.

IMO its insane we as Americans think this is justified.

Quoting from my post above about the PPP program:
"The forgivable loan program, a centerpiece of the $2 trillion stimulus package enacted by Congress, is intended to keep small businesses and their workers afloat during the pandemic. The loans can be used by small businesses with 500 or fewer employees to pay workers' salaries, rent and utility costs.

 

[cass523]

Tonight at 7 pm EST

The brightest stars from New Jersey will come together remotely Wednesday to put on a one-night concert to raise funds to help fight COVID-19 in the Garden State.

Jersey 4 Jersey is scheduled to begin at 7 p.m. Eastern and last one hour. The benefit will air on multiple television networks and radio networks in New Jersey, Philadelphia, and New York City. headlined by New Jersey natives Bruce Springsteen and Jon Bon Jovi.

Providing musical performance from their homes will be Bruce Springsteen and Patti Scialfa, Tony Bennett, Halsey, Charlie Puth, SZA, Fountains of Wayne, and Jon Bon Jovi, who recently canceled his tour so out-of-work fans can get full refunds on their tickets.

The night will also feature several guest appearances by Chris Rock, Jon Stewart, Danny DeVito, Whoopi Goldberg, Chelsea Handler, Kelly Ripa, and New York Giants running back Saquon Barkley, among others.


David Bryan, Bon Jovi keyboardist and Broadway composer, has beaten COVID-19, the rocker announced Sunday, April 19 on social media.

“Got my test back today. Thankfully I’m Covid-19 negative!” Bryan, 58, said. “Five weeks to the day that I got sick ... I’m a very lucky guy! (star emoji) There are people who have no symptoms, people who got sick (like me), people fighting for their lives and people who sadly have lost their lives. This is a nasty virus BUT science/medicine will conquer all.”

Bryan's wife, Lexi Quaas, also was diagnosed with the coronavirus but was asymptomatic.

Bruce Springsteen, Chris Rock and other New Jersey natives to come together tonight

David Bryan, Bon Jovi keyboardist and Broadway composer, has beaten the coronavirus

How to watch

Apple Music and AppleTV apps worldwide and broadcast live and rebroadcast five times on SiriusXM's E Street Radio (currently free on the SiriusXM app) and carried on WABC Channel 7, WPVI 6ABC, WPIX, News12, NJTV. Social media posts will also be shared with the hashtag #jersey4jersey.

Jersey 4 Jersey benefit show: How to watch, listen, live stream

Jersey 4 Jersey benefit concert live stream: When it starts & how to watch

 

[musicaljoke]

The government needs to help companies. Companies are what fuels the government snd supports the government with tax support. Without businesses and companies, Government would collapse.

The government would not be able to help workers if there were no successful businesses supporting the tax base.

And how can the government support workers without helping companies? Companies are made up of workers.

Without companies, there are no workers. Without workers, there are no companies. I don't see how we can separate them from each other.

There's no doubt that companies are essential, but the gov't financial support at this point is an emergency support intended to keep people fed and housed.

 

[Tillicum]

interesting in my small sampling every single small business (by my definition less than 50 employees) did not get a dime, but those with over 200 did - go figure.
JMO

My sister has under 10 employees and she got hers.

 

[cass523]

As of April 22, there were 95,865 reported cases in the state, including 3,551 additional cases disclosed Wednesday.

New Jersey has completed a total of 172,612 tests with 44.6% of the tests coming back positive as of Wednesday.

Long-term care facilities continue to be a concern across the state. There are 11,608 reported COVID-19 cases at 438 long-term care facilities across the state.

There have been 5,063 deaths related to coronavirus in New Jersey with 40% of deaths, or 2,050, reported from long-term care facilities. Officials reported 314 new deaths Wednesday.

In New Jersey, 7,210 individuals with confirmed or potential cases of COVID-19 were hospitalized as of 10 p.m. Tuesday.

Of those hospitalized patients, 943 patients are in intensive care, 1,040 are in critical care and 5,247 are in medical surgical beds.

The state is using 50.4% of its statewide ventilator capacity, with 1,570 patients on ventilators.

Coronavirus update: NJ deaths rose to 5,063 Wednesday, with 95,865 cases statewide

 

[branmuffin]

I'm not really sure what to make of Las Vegas' mayor, Carolyn Goodman's logic regarding opening up Las Vegas. She's basically on board for opening up all the casinos but doesn't seem to take any responsibility if the plan backfires. She was on CNN today, offering up all of Las Vegas' workers saying they'd all be fine with being the placebo group in an experiment to get them back to work. Yikes.

She's talking about how few cases they have because they have taken the proper measures. However, with 40 million visitors a year how can they gamble with their citizen's lives?

 

[margarita25]

Random musing, there was an old SARS report I referenced upstream which noted that “chefs” made up a large population of the (initial) infections.

I wonder if the same can be true with this virus.

—

Another random musing:

It just blows my mind how one animal can infect one person then before you know it millions around the world are infected.

—-

Any chance one animal infected multiple people. So many questions.

The original “source” is really bugging me.

 

[oviedo]

Quoting from my post above about the PPP program:
"The forgivable loan program, a centerpiece of the $2 trillion stimulus package enacted by Congress, is intended to keep small businesses and their workers afloat during the pandemic. The loans can be used by small businesses with 500 or fewer employees to pay workers' salaries, rent and utility costs.

and they don't have to use it to pay payroll (the forgiveness part is if they do use at least 75%) so it's a 1 % loan and they don't have to account for how they spent it if they don't want the forgiveness - from what my banker told me.
JMO

 

[oviedo]

My sister has under 10 employees and she got hers.

that is awesome!! my sampling was small so good to know this - thanks

 

[Reasonable & Just]

I'm not really sure what to make of Las Vegas' mayor, Carolyn Goodman's logic regarding opening up Las Vegas. She's basically on board for opening up all the casinos but doesn't seem to take any responsibility if the plan backfires. She was on CNN today, offering up all of Las Vegas' workers saying they'd all be fine with being the placebo group in an experiment to get them back to work. Yikes.

She's talking about how few cases they have because they have taken the proper measures. However, with 40 million visitors a year how can they gamble with their citizen's lives?

I visited Vegas for the first time this summer and wandered through casinos. It was striking how close together people sit. That can be dealt with, but I wonder about all the smoking, since it's a respiratory illness. Maybe owners will ban that temporarily?

 

[katydid23]

Sorry, I believe in supporting workers, the actual source of taxes and income for the companies.
Help people, not corporations.
Protect families, not stocks.

There is no company without workers. Not a single CEO works harder than the workers they make millions off the exploited backs of.

One of the most effective ways to help people is to help keep their companies up and running, so they have jobs and an income to care for their families.

Giving out cash to individuals is not as effective , in keeping an economy running, compared to giving out business loans, to keep local businesses afloat. JMO

 

[MimosaMornings]

How Coronavirus Infected Some, but Not All, in a Restaurant

“On Jan. 24, a family went to lunch at the restaurant in Guangzhou, a sprawling metropolis in southern China located 80 miles from Hong Kong.

The family had left Wuhan, 520 miles to the north and the hot spot of the initial coronavirus outbreak, one day before Chinese officials imposed a lockdown on the city and the surrounding province of Hubei to slow the spread of the disease.

At lunch, the five members of the family — designated Family A in the paper — appeared healthy. But later in the day, one of them, a 63-year-old woman, experienced a fever and a cough and went to the hospital where she tested positive for the coronavirus.”
——————
Lockdown was January 23rd, they were able to get out that day from Wuhan hot spot and then went to lunch the following day. And patient is fine at lunch but right after lunch sudden fever and cough. Scary how quick the symptoms appear.
Guessing they thought they had escaped unscathed.