Coronavirus job losses could total 47 million, unemployment rate may hit 32%, Fed estimates

[Turveyd]

Elderly people with coronavirus 'denied hospital beds and left to die in care homes'
This is in the UK. If you deny patients it is easy to keep loads of space.

https://www.manchestereveningnews.c...y-people-coronavirus-denied-hospital-18038252

Wouldn't surprise me, tell me again that they care about old people so much that they've screwed up entire economy all over the world and we aren't being played.

Only the 1s who haven't sold there houses and aren't paying for there care homes £600 per week i bet.

 

[Turveyd]

My area up from 289 to 321 confirmed cases in 10dqys, population about 2million.

 

[wrbtrader]

. I saw that guy too, in California they don't arrest you for shoplifting under $750 anymore. Managers are powerless because it's a ticket with no jail time. Was he hanging around the disposable razors and Benadryl section?

He was hanging around the vegetables and fruits...no medical gloves and touching many items with one hand and the other hand remained in the pocket of his long trench coat.

Yet, he was very clean shaven. What caught my eye...he was wearing U.S. military tactical boots. The last time I saw boots like that was many many years ago...boots I don't think have been made in the past 20 years.

Just as odd, he's in a grocery store here in Québec, Canada. Simply, people that don't dress like they're a local here...they stand out very easily.

This person was not from the community.

wrbtrader

 

[virtusa]

 

[ElCubano]

So I’m actually applying for these loans in order to protect a few hundred jobs.

I’ve been studying it. The offering is being refined virtually very few hours to enhance the impact and intent of the program. There might be some fraud. There always is, but I think it will keep 10s of millions out of unemployment.

And the decentralized nature of the loans - being issued by banks and the onus is on the companies to provide evidence for forgiveness solves the manpower issue.

With these loans many employers can rehire employees.

https://www.cnbc.com/2020/04/13/mar...leaving-small-businesses-out-in-the-cold.html

 

[newwurldmn]

https://www.cnbc.com/2020/04/13/mar...leaving-small-businesses-out-in-the-cold.html

I personally think Mark Cuban is like a Donald Trump. He says things just to so that people hear him.

There has been confusion about the PPP loan, but I have not heard of a single company being rejected by a bank because of their credit. I've spent a lot of time talkig with many business owners who have applied to PPP (about 75ish).

Some banks are prioritizing their own customers first because there was a massive influx of applications. BofA was skewered for this, but other banks are doing it too.

Banks are making A LOT of money on this. They are earning like 8% IRR with no risk. The loans are guaranteed by the government. It makes no sense for them to deny anyone. To compare, before the Fed cut rates, they were getting 4% from their best credits.

 

[PoopyDeek]

I personally think Mark Cuban is like a Donald Trump. He says things just to so that people hear him.

There has been confusion about the PPP loan, but I have not heard of a single company being rejected by a bank because of their credit. I've spent a lot of time talkig with many business owners who have applied to PPP (about 75ish).

Some banks are prioritizing their own customers first because there was a massive influx of applications. BofA was skewered for this, but other banks are doing it too.

Banks are making A LOT of money on this. They are earning like 8% IRR's with no risk as the loans are guaranteed by the government.

Please don't make that comparison. He's going to make a great Governor.

 

[newwurldmn]

Please don't make that comparison. He's going to make a great Governor.

As I said before, Mark Cuban bought a put once and now he thinks he's a genius. Which is smarter than bankrupting a casino.

 

[ElCubano]

I personally think Mark Cuban is like a Donald Trump. He says things just to so that people hear him.

There has been confusion about the PPP loan, but I have not heard of a single company being rejected by a bank because of their credit. I've spent a lot of time talkig with many business owners who have applied to PPP (about 75ish).

Some banks are prioritizing their own customers first because there was a massive influx of applications. BofA was skewered for this, but other banks are doing it too.

Banks are making A LOT of money on this. They are earning like 8% IRR with no risk. The loans are guaranteed by the government. It makes no sense for them to deny anyone. To compare, before the Fed cut rates, they were getting 4% from their best credits.

https://www.cnbc.com/2020/04/21/lar...re-taking-small-businesses-payroll-loans.html

It’s a swindle.

 

[virtusa]

As I said before, Mark Cuban bought a put once and now he thinks he's a genius. Which is smarter than bankrupting a casino.

If the man who bankrupted a casino is the reference to qualify who is smart, 50% of all americans are smart. Those who voted for Trump are the not in this 50%. Neither is the "bankrupter" of the casino.

How much is 6 times 17? LOL.