Everything posted by bmags
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2020 MLB Draft Thread
True. I'm going to be honest: while I'm glad there is pushback against the 5 round draft (there should have been a gradual raising of limits for certain number of UDFAs to get bonuses of at least 100k or more, or a separate pool), I don't think enough people are admitting that these are extraordinary circumstances. They have already committed to paying their players salaries despite possibility of not playing, so to then commit additional money in a year of possibly huge negative cash flows IS difficult, even aside from the idea that they haven't had the traditional scouting available. It sucks for this years draft class. But it sucks for the vendors of the stadium. It sucks for the millions now unemployed. It sucks for the hospital workers putting lives at risk. They hit a once in a century phenomenon, but there are worse things going on. It's hard for me to look at this in the traditional labor/mgmt lens.
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COVID-19/Coronavirus thread
There was only 1,600 tests yesterday...a 43% positive rate. This may indicate they are rationing tests.
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2020 MLB Draft Thread
Going to be a boon for the NPB
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COVID-19/Coronavirus thread
nearly 700 new cases in Illinois today. Hopefully this was with a huge increase in testing, but we are definitely in the exponential growth. Have to hope by next wednesday we start to see some stabilization.
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COVID-19/Coronavirus thread
To be quite honest, the government literally shut down their business and said it cannot operate right now. That is the correct move. So I have a hard time being indignant when we are talking about them getting access to loans from that same government so that they do not go bankrupt and shed thousands of jobs. Again - if we have an issue with them getting US labor and access to US markets without being US company, it can be solved at a time where millions are not joining unemployment. The loans to these companies are very likely to be paid back.
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COVID-19/Coronavirus thread
Hopefully their staff cooks can pay their rent with moral righteousness.
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COVID-19/Coronavirus thread
Right. And "access to loans" does not mean the forgiven ones. Still talking of thousands of jobs within pretty targeted locales, dumping them off into those cities seems pointless. Just change the tax laws, don't screw over the labor.
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Nopening Day
1-0 baby. Man I straight up can't imagine watching TV in the like before 2008 quality (whenever HD was normal)
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Nopening Day
Today is going to be a tough one for many in the medical profession, especially NYC. But it’s okay to year for the alternate universe where opening day is today. And so...in that spirit... It probably would have rained out anyway, and so I will choose to be angry the Sox brought out the Chevy trucks and then canceled. Happy Nopening Day! I’ll crack a beer open at game time and cheers the soxtalk brethren.
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COVID-19/Coronavirus thread
Nobody was pushing Kasich ever, and you'd be referring to the Lieberman idea in 2008, Lieberman was a democrat along with Gore in 2000.
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COVID-19/Coronavirus thread
Is there a big difference between cuomo and Biden? I’d lean Biden 10x /10. Cuomo May be doing better press conferences but light foot/pritzker have done a much better job than deblasio/cuomo, including a high likelihood that cuomo delayed the shelter in place just because deblasio wanted it first.
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COVID-19/Coronavirus thread
330 new cases in illinois after 250 on Tues and 230 on Monday. Testing up to 15k (~2k up from yesterday)
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COVID-19/Coronavirus thread
For now it's not the kits, it's the lack of equipment (swaps, masks, etc).
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COVID-19/Coronavirus thread
UK is about to send out in-home testing kits en masse. Iceland tested everyone. We need 1) FDA to allow in home test kits and B) scale up production of both kits and equipment needed to perform kits to a huge huge level of the pop.
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COVID-19/Coronavirus thread
What? If you have no revenue, and then take out a loan you then pay your staff and liabilities with that loan, and if you do that without layoffs you don't have to pay the loan. They have an option to hire back people by a certain date to be eligible if they did do furloughs.
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COVID-19/Coronavirus thread
"The agreement also includes $350 billion that would establish lending programs for small businesses, but only for those who keep their payrolls steady through the crisis. Small businesses that pledge to keep their workers would also receive cash-flow assistance structured as federally guaranteed loans. If the employer continued to pay its workers for the duration of the crisis, those loans would be forgiven." https://www.nytimes.com/2020/03/25/us/politics/coronavirus-senate-deal.html?action=click&module=RelatedLinks&pgtype=Article
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COVID-19/Coronavirus thread
Except the loans are expected to be forgiven. They are using SBA because there is infrastructure in place to get the money out.
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COVID-19/Coronavirus thread
The bill went from crap to very good in 2 days, and another phase is going to pass. Schumer did very good.
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COVID-19/Coronavirus thread
The entire bill was not the checks. It included a huge expansion of UI benefits which provided states benefits + $600/week. It expanded the qualifications for UI to include self employed and contractors, who will get a fully fed funded amount since states/employers can't fund that. They are getting 1/2 state amt + $600. So if you are laid off, you are getting very near your full amount, plus the check. UI is delayed but should be faster than end of may for many. Small businesses can apply for SBA loans and re-hire staff to get things like rent/utilities/payroll provided by gov't. So it's not just a check .
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Market/Financial Thread
Very good that support was added for those coming from self-employment/contractor work. Feds picking up full bill (since states do not pay that out) at a level that will keep people afloat.
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NFL Thread 2019-2020
Cam has often had terrible offenses where he was the whole thing. Foles has been asked to just be a part of a broader offense. Two years ago under the Turners they modernized their offense and cam had a good season with better accuracy.
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COVID-19/Coronavirus thread
We may be looking at 20-25% unemployment in many states...waste is a secondary concern. The $600 per week for unemployment insurance plus expanding that group is huge. Businesses can put employees on furlough and bring them back in four months, and that group can just stay home and pay their bills.
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COVID-19/Coronavirus thread
I assure you that whatever debt crisis would come will not be close to as bad as the unemployment numbers we will see on Thursday. waste is the least of our worries right now. Better to be wasteful and fast than targeted and slow.
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COVID-19/Coronavirus thread
2008s response was clearly inadequate, this situation is in short term worse, I don’t see how this is a bad thing. The other 4 trillion of it even is that is from what I understand just hypothetical loans, and that was paid back in 2008.