2020 Covid-19 Coronavirus

RenegadeMonster

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The Cheesecake Factory (NASDAQ:CAKE) informed landlords that it won't be able to make rent payments due on April 1 for any of its storefronts, according to a report from Eater Los Angeles.
 

wokeupnew

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it's spreading
everything needs to pause for however long this lasts. No rent, no mortgage, no banks collecting, nothing.
 

nolalady

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oh...and the Governor of Mississippi is a piece of shit.

Some mayors in cities like Tupelo had to reverse their "stay-at-home" orders because the Governor issued his own order that overrides them...and it isn't as strict of an order.



(My mom and brother live in Mississippi, both aren't in the greatest of health, mom is old and a smoker, brother is a Type 1 Diabetic and smoker...and my brother is also a nurse in a Gulfport hospital)


The Govenor did this just as Louisiana is exploding with positive cases....Alabama is growing, and Florida will become the next hot spot. Mississippi (as is most of the south) is full of sick, poor people that won't be able to pray this away and go to church for Easter.
Hey Mississippi Man!!! Louisiana Woman here, and I grew up in Starkville!

I'm in Louisiana and it's about to get dire. We had 20 deaths yesterday alone. I'm patiently waiting for our numbers to come in to see how fast that rate goes up. I'm so worried about how fast our curve is rising and it doesn't look like it's flattening any time soon.

Also, for everyone's sanity and amusement, the rise and fall of the armchair epidemiologist:
 

LeeVing

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Hey Mississippi Man!!! Louisiana Woman here, and I grew up in Starkville!

I'm in Louisiana and it's about to get dire. We had 20 deaths yesterday alone. I'm patiently waiting for our numbers to come in to see how fast that rate goes up. I'm so worried about how fast our curve is rising and it doesn't look like it's flattening any time soon.

Also, for everyone's sanity and amusement, the rise and fall of the armchair epidemiologist:
Yeah...it looks bad there. Seems the incubation period of Mardi Gras is finally appearing - 2 weeks incubation - 2 weeks for the symptoms to get really bad.


I'm not from Mississippi, tho. My parents retired there from Illinois (to Wiggins, MS of all places - may have to Google it.) My brother moved there to take care of my dad when he was on hospice. My brother wasn't in a great place so it was good for him heath-wise, too. So he's been living with our mom while taking nursing classes and just got his licence about a year ago. They both moved down to Gulfport a couple years ago after my dad past away.

I visit every couple years - take in a Waffle House...try to understand what people are saying, as the accents confuse me.
 

Hollywood

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What is about to unfold will be horrifying, unquestionably. The situation in New York, which could become the new global epicentre of the disease, is dire.

To make matters worse – much, much worse – the U.S. is being led by a dangerous egomaniac who has lied to and misled Americans about the gravity of the threat they’re facing almost from the beginning. Now, he is musing about grossly inflaming a problem he had a chance to mitigate. Mr. Trump is threatening to ignore the advice of virtually every major public health officer in the U.S. – including his own White House adviser on infectious diseases, Dr. Anthony Fauci.

I'm sorry guys but this will not end well I'm afraid.😔
 

nolalady

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Yeah...it looks bad there. Seems the incubation period of Mardi Gras is finally appearing - 2 weeks incubation - 2 weeks for the symptoms to get really bad.


I'm not from Mississippi, tho. My parents retired there from Illinois (to Wiggins, MS of all places - may have to Google it.) My brother moved there to take care of my dad when he was on hospice. My brother wasn't in a great place so it was good for him heath-wise, too. So he's been living with our mom while taking nursing classes and just got his licence about a year ago. They both moved down to Gulfport a couple years ago after my dad past away.

I visit every couple years - take in a Waffle House...try to understand what people are saying, as the accents confuse me.
I know where Wiggins is!! Your mom and brother aren't very far from me at all. The accents confuse most non-Mississippians. I've learned to suppress mine, unless I'm angry or drunk, then you get the full MS accent.

Okay, y'all, if they keep talking about putting the economy over people, we now have a unique opportunity:
1585228670394.png
 

RenegadeMonster

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it's spreading

everything needs to pause for however long this lasts. No rent, no mortgage, no banks collecting, nothing.
The national property management company that manages my apartment complex have already set out a reminder that per our lease, rent is non-negotiable. Rent is due on the first of every month in full.

They are very big, so I doubt renters would have any real measure to have a rent strike without being evicted once housing courts reopen and sued for rent owed.

The city of Boston attempted to pass a No-Rent resolution yesterday, but it was blocked by the Boston City Council.

Our governor also passed this yesterday.


Essentially the state of MA will be able to apply for financial assistance of up to $4,000 to low income renters and homeowners who are unemployed.

Yesterdays bill also requires lenders to postpone reporting late payments to credit rating agencies for at least 60 days. Evictions and foreclosures must be postponed for at least 60 days as well.
 

RenegadeMonster

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Even worse than I expected.

Let's put this in perspective with a graph

1585229045534.png

Then let's remind ourselves that these are last week's numbers. Only California and NY were really shut down. Many more states shut down this week / over last weekend. Next Thursday's report is going to be scary.
 

wokeupnew

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jaycee

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This is from a Federal Reserve Report back in 2007-08. While it's actually an interesting, if not concerning read, I imagine no-one will really read the whole thing, but if you read any of it skip to page 19-22 to read the economic impact potential and recommendations sections. We knew this would come and it's playing out roughly as predicted.
 

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LeeVing

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I know where Wiggins is!! Your mom and brother aren't very far from me at all. The accents confuse most non-Mississippians. I've learned to suppress mine, unless I'm angry or drunk, then you get the full MS accent.

Okay, y'all, if they keep talking about putting the economy over people, we now have a unique opportunity:
View attachment 37828
Looks like were getting $2900. Just to give it back when we pay taxes.
 

RenegadeMonster

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Can anyone interpret the Stimulus bill that was passed and put it in layman's terms?

EDIT: What's in the $2 trillion coronavirus stimulus bill
  • 3 quarters of it goes to big business
  • 1 quarter of it goes towards the workers
  • $1200 tax credit to to americans making $75000 a year. Is reduced by $50 per every increase of $1000 in income over 75k
  • $500 per child
  • We bailed out Boeing
  • Unemployment benefits have been increased. Feds will give out $600 each week for 4 months in addition to the states unemployment.
 
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