bmags

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.

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.

"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

Except the loans are expected to be forgiven. They are using SBA because there is infrastructure in place to get the money out.

The bill went from crap to very good in 2 days, and another phase is going to pass. Schumer did very good.

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 .

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.

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.

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.

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.

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.

Testing went down today ?

It's just an issue of testing. If they die before you can test, they aren't going to use a test on them. We need double the tests per day we're at now. Hopefully we'll get there in a few weeks.

?

lol damn it, when you are american it's your whole world baby.

World War II - 75 million died, 6 years long, billions of dollars of destruction Spanish American War - 17,000 died, 10 weeks long, thousands of dollars of destruction ...seems a little bizarre to me.

Those are largely tourism based infections. Second waves will happen, and containment measures will go back in place. What is your argument here...that shelter in place is bad because it is keeping people from getting immune? Because that's jerksticks argument.

I'm not advocating the US open in 4 days.

South Korea, Singapore and Taiwan have shown that you can manage this with high testing, tracking and isolation, but Italy could not? The thing is by testing and tracking, you go test asymptomatic people who have been in contact with symptomatic people and isolate them. There are in fact examples of this... Wuhan was Wuhan because China ignored the problem until it needed shut downs. Italy the same, and US the same. But there were countries that didn't do that.

this is going to be bad

This is why I think the "targeted bailouts" is too much of a landmine. If they just guarantee payroll of US legal workers up to 4k a month or whatever you are politically just helping workers, and don't have to worry about political targeting for supporting a hot button industry.

So uh, panthers are releasing Cam Newton today... (i'd prefer risk/reward cam to foles).

but they'll be living in an italy with increased testing and medical capacity, and one much more understanding of the threat and actions needed.

I’m not sure that many of our tests are even hitting the 4 hours or less mark. Still see most taking days (rand Paul)

65k tests today. Need to double that in a week or two. Cut down results time plus 300k tests per day capacity and I think we’d be where we need to open up.