3.3 MILLION FILED UNEMPLOYMENT (3/15-3/21) UPDATE: 6.9M FILED (3/22-3/28). U2: 6.6M FILED (3/29-4/4)

[itsyoung!!]

2008 numbers. I hope things get better once covid-19 is contained, because 2008 and the several years that followed sucked.

2008-2013 was the GOAT years as a buyer

rent was realistic

most cost of goods was within reason

2014/2015 was when she started rising to stupid levels

 

[Cobalt Sire]

2008-2013 was the GOAT years as a buyer

rent was realistic

most cost of goods was within reason

2014/2015 was when she started rising to stupid levels

Well sure, if you had money saved up and didn't lose your job, it was a great time to buy stocks and property, but a lot of people were struggling to find work. The official unemployment numbers were at around 10 percent, so you can double that for the black community, and it's even higher when you consider that a lot of people just gave up looking for work. Unemployment insurance was extended for years from what I understand. Also, a lot of people saw their financial portfolios lose a lot of value, though eventually things rebounded. The economy got worse after that and never really recovered. After 2008, if you didn't have an in demand skill or connections, you were working for very little pay. In the 90s and before, you didn't have to have a stem degree or an in demand skill to make a decent living.

 

[2 Up 2 Down]

I’m sure majority of people would rather the economy be re-opened but that’s not feasible right now and you should know that.

A $1200 check isn’t going to do anything really, but re-opening the economy can be wayyy more harmful.

That's why we needed those 2000 monthly checks on top of the $600 additional unemployment benefits. But corporate politicians got to make sure big business get the bulk of the money over the citizens

Give us the money to pay bills and have some left over and you'll see the economy doing better

 

[2 Up 2 Down]

have a president in office who didn't believe in the virus
we brazilians can't say much tho, if Bolsonaro get's his way this is going to get ugly

Ain't he the one that's okaying the deforestation of the Amazon (something the whole world needs)

 

[Wild self]

People in the US are barely getting tested, and positive tests don't prompt legally mandatory quarantines. Do you have a point or do you just argue with anything anyone says?

If you want people to go back to work and drop dead, be prepared for the lawsuits out the ass. Be prepared for the insurance claims bankrupting businesses for allowing sick workers to die on the job.

 

[Wild self]

If we were organized, this would be the perfect time to strike at this unbalanced, out of control, capitalism. Strike them through non participation.

With the current environment now is the time for even personnel considered essential workers to say, " fukk that we're not working anymore until Universal Basic Income is implemented and we negotiate salaries, wages, leave and work hours".

I bet the administration is already having conversations about such a movement emerging.

Put fear in the elites.

 

[Family Man]

Good point that no on is talking about. Unless you went thru Katrina or hurricane season you aren't prepared mentally most likely. Lot of people think this will be over in a couple weeks so they're fine with staying home. But things will be worse in a couple weeks. There is no quick fix or "wow that was crazy, glad we're back to normal now" moment. Trump out here giving people false hope.

$1200 one time payment isn't gonna fix this. Too many people are fukked, financially. Too many businesses are fukked. We focus on people but imagine being a small business owner. You closed your shyt down due to the shelter declaration, you aren't paying employees, you don't know when you can reopen, and you don't know how quickly you'll be able to access that money from the govt. It's not just gonna be a simple direct deposit for businesses.

Entire restaurant industry has been destroyed. Lot of people out here with no job and April rent coming up. Many won't have a job before May 1st either...

Don't have to imagine it. I'm facing that prospect right now. This is literally the last week that we have enough money coming in to justify keeping staff at their current level. I'm looking at the calendar for next week and the upcoming weeks and there are no appointments on there. Zero. I don't have enough work or clients for my employees and come next week I'm going to have to start cutting hours and reducing staff.

I spoke to my accountant today who is also my mentor and he was telling me that one of his business tenants moved out because her business had to close because of the stay at home orders. He also said a lot of his clients have gone out of business and that his own staff has not been in the office all week.

The business that I am in is considered essential but that hasn't stopped the cancellations and the no shows. One of my employees had six appointments scheduled on Tuesday and all six no showed. shyt like that is heartbreaking especially for someone that is so dedicated.
Then you have the ripple effect of people either not having an income or are insecure about their income so it affects every other area.
We've somehow managed to weather the storm with a slight dip in our revenues up until this week. But the other shoe is going to fall come Monday when there is not enough work for majority of my employees. My employees are like family to me and majority of them have been with me since year one or two - this year will make nine years since we've been in business.
The only thing I can tell them is that we will come out of this much stronger than before and they believe it with all their heart - but the next few weeks is going to test their faith and mine. Personally, I'm going to be mostly ok but I'm really hurting for my staff.

 

[Wild self]

Put millions of people back in harms way for a dollar brehs.

The lawsuits when workers die of COVID19 would be astronomical. Bankruptcy of those businesses would be the norm.

 

[Wild self]

If people don’t show up for the NFL games, I’ll be worried.

There won't be an NFL season at this rate. Many dudes in America are pissed off with no NCAA and no NBA games this season. Imagine......no more sports for the forseeable future.......all because people refuse to listen to instructions to stop the spread of COVID19

 

[Wild self]

There are some dumb nikkas in here. 2 very dumb nikkas in particular.

There's no easy way out of this. If I was Pres...I'd lock the stock market, put the country on a 2 month lockdown, and guarantee payrolls or enhanced-unemployment for 2 months.

We're going to have this anemic, start and stop, flare up and flare down, yo-yo pandemiconomy for the next 2 years because of inconsistent, undefined strategy AND a half million people will die.

Yeah it's going to cost, but it's the only way I can see we start return to normal by the summer.

Yeah, but greed gonna have America looking like a massive graveyard.

 

[Mr. McDowell]

Don't have to imagine it. I'm facing that prospect right now. This is literally the last week that we have enough money coming in to justify keeping staff at their current level. I'm looking at the calendar for next week and the upcoming weeks and there are no appointments on there. Zero. I don't have enough work or clients for my employees and come next week I'm going to have to start cutting hours and reducing staff.

I spoke to my accountant today who is also my mentor and he was telling me that one of his business tenants moved out because her business had to close because of the stay at home orders. He also said a lot of his clients have gone out of business and that his own staff has not been in the office all week.

The business that I am in is considered essential but that hasn't stopped the cancellations and the no shows. One of my employees had six appointments scheduled on Tuesday and all six no showed. shyt like that is heartbreaking especially for someone that is so dedicated.
Then you have the ripple effect of people either not having an income or are insecure about their income so it affects every other area.
We've somehow managed to weather the storm with a slight dip in our revenues up until this week. But the other shoe is going to fall come Monday when there is not enough work for majority of my employees. My employees are like family to me and majority of them have been with me since year one or two - this year will make nine years since we've been in business.
The only thing I can tell them is that we will come out of this much stronger than before and they believe it - but the next few weeks is going to test their faith. I'm going to be mostly ok but I'm really hurting for my staff.

I feel for you and your employees. My feelings on the matter have been pretty consistent. Closing schools okay. People want to stay home because they are afraid of being sick, again okay. Healthy people staying in and closing all business (with seemingly no end in sight), well that makes no sense, unless... the goal is to drive small businesses out of business and make more people poverty stricken.

I guess we'll see how this plays out in the end. I imagine it will be terrible for most Americans in the long run.

 

[Imlinkin]

Coronavirus Disease 2019 (COVID-19) in the U.S.
Updated March 25, 2020

This page will be updated regularly at noon Mondays through Fridays. Numbers close out at 4 p.m. the day before reporting.

COVID-19: U.S. at a Glance*

• Total cases: 54,453
• Total deaths: 737
• Jurisdictions reporting cases: 54 (50 states, District of Columbia, Puerto Rico, Guam, and US Virgin Islands)

Preliminary In-Season 2019-2020 Flu Burden Estimates

CDC estimates* that, from October 1, 2019, through March 14, 2020, there have been

38,000,000 – 54,000,000
flu illnesses

17,000,000 – 25,000,000
flu medical visits

390,000 – 710,000
flu hospitalizations


23,000 – 59,000
flu deaths



STUPID FEARMONGERING AMERICANS, TRUMP, AND THE GOVERNMENT ARE ALL TO BLAME, AND HAVE THESE JOB LOSES ON THEIR HANDS.

If this sh!t spreads like the flu though... 38 million cases would mean 1,140,000 deaths in the 4 month time frame you gave... Not to mention, coronavirus causes more hospitalizations than the flu as well...



I'm not saying I have the answers either, but this shyt ain't the flu by those numbers alone. They're also saying that some patients are left with permanent organ damage and even Trump's press conference doctors can't say for sure that you'll 100% be immune after beating it the first time.

 

[MMA]

2 weeks is all that was needed for companies to mass-fire people. 2 weeks is enough to lose the trust in your employees. The the same companies many leave their livelihood too; they shouldn't see a dollar regarding employee payment with the upcoming stimulus package. Please take note how companies you do business with are currently reacting.

I hope this opens many people eyes to the conditioning we are living in but I fear, after 2 months when this is over. We will forget about all of the cruelty that has taken place this month.

 

[Family Man]

2 weeks is all that was needed for companies to mass-fire people. 2 weeks is enough to lose the trust in your employees. The the same companies many leave their livelihood too; they shouldn't see a dollar regarding employee payment with the upcoming stimulus package. Please take note how companies you do business with are currently reacting.

I hope this opens many people eyes to the conditioning we are living in but I fear, after 2 months when this is over. We will forget about all of the cruelty that has taken place this month.

It's not the two weeks that's the problem. It's that there is no set date for this shyt to end. Businessess survive on cash flow. Once cash is low because business is slow the only thing you can do is start to cut cost. Payroll is usually a small business biggest expense.
Also if there isn't enough work there for employees and no revenue coming in then wtf are you going to use to pay them?

This ain't some esoteric shyt. It's simple math.
You can't burn through your reserve when you don't know when things will end.

For instance, come April 1st I have the following business expenses that are due: 3 mortgages, rent, health insurance, light bill, gas bill, phones, all the little bullshyt operational costs, etc. That Friday is also payday. Then two weeks later another payroll. So the first weeks of April is coming straight out of reserves with very little income coming in to offset the costs. And we're actually one of the lucky ones. Businesses have been folding for atleast a month now and we've been relatively unscathed until this week. Next week will begin the nose dive.
Before the company fails my wife and I will take it back to 2010 when we were solo practitioners and was doing this shyt by ourselves with our office manager.

 

[Still FloW]

welcome to the great depression.. america a 3rd world country draped in LV blankets