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Messages - Drastic

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1
Water Cooler / Re: Corona Virus - Save Yourselves
« on: April 06, 2020, 11:10:45 AM »
IHME data updated today: https://covid19.healthdata.org/projections

Interesting stats, NC & SC projected to have no shortage of beds or icu beds, and less than 500 total deaths each.

2
Economics & Investing / Re: COVID-19 SBA loans
« on: April 02, 2020, 11:46:32 PM »
"Note that payroll does include independent contractors, as well as all types of compensation including salaries, wages, commissions, healthcare and insurance premiums."

If you pay yourself or anyone else, and if you pay rent for stock or storage or anything like that, it should apply. (Maybe back charge stock storage at your home if needed.)

3
Water Cooler / Re: Darwin 2020
« on: April 02, 2020, 11:44:31 PM »
A lot of states on that list where people have an irregular disposition when being told what to do. I'd say while SC is fairly in the middle of that, take a look at our projections here:
https://covid19.healthdata.org/projections

Where we have a project ICU bed shortage of 88 state wide. 1100 deaths which is less than twice what the flu does yearly. This is based on data that is slightly off as we have had bars/restaurant closures mandatory statewide for weeks, which is not reflected here.

Maybe I'm wrong but to me shutting everything down is an overreaction, for areas that aren't high population with no major outbreaks.

4
Economics & Investing / COVID-19 SBA loans
« on: April 02, 2020, 11:13:04 PM »
So the small business stimulus seems pretty solid on first look. 2.5x for average monthly payroll from last year, including subs and commissions. Also covers rent, utils and mortgage interest for loans. Will turn into a grant if used for things listed above within 8 weeks. Cannot have payroll reduction or lose employees, though they can be replaced, to be fully forgiven.

Also, 10k grants are on the table as well as loans up to 2 million at 3.75, 10 yr note.

https://www.forbes.com/sites/brockblake/2020/04/01/paycheck-protection-loans/

File quickly as there is a cap. Begins tomorrow April 3. Opens up to independent contractors on April 10. Call your bank to see if they can apply and process the loan for you. They do this at no cost end to end. Here is a list of top 100 participating banks:
https://www.sba.gov/article/2020/mar/02/100-most-active-sba-7a-lenders

5
Water Cooler / Re: Covid Humor
« on: March 31, 2020, 07:07:47 PM »
If mackin ran a convenience store.

6
Water Cooler / Re: Gasoline prices thread
« on: March 29, 2020, 10:11:09 PM »
Good time to buy a boat with twin 454s.

7
Water Cooler / Re: Quarantine entertainment
« on: March 29, 2020, 03:11:21 PM »
We are still working in the great state of SC, and signing new business, somehow. (Everyone has their own office and we are distancing in the conference room. No handshakes, etc.)

Aside from that, I opened the pool this weekend. (Up to 68 F yesterday, you ready?) I should have all motorcycles serviced and ready to go in record time. Finally going to tweak some things in the home theater I've been looking at. If I'm lucky the ground is dry enough to rip through the woods behind the house for a bit.

8
Water Cooler / Re: Gasoline prices thread
« on: March 29, 2020, 03:01:37 PM »
Regular spot, qt, 1.79. Shell is 1.64 for cash.

9
Water Cooler / Re: Waffle House closes 365 locations across the U.S.
« on: March 25, 2020, 09:43:04 AM »
sh## is getting real.

10
Youtube TV hasn't worked in a browser for two days. I was about to cancel. Seems to be working now.

11
Water Cooler / Re: Corona Virus - Save Yourselves
« on: March 17, 2020, 10:03:49 PM »
SC going on lockdown. No soup for you (me).

https://www.wyff4.com/article/south-carolina-governor-to-give-update-on-covid-19-at-4-pm/31703298

Mandatory: Restaurant and bars close dine-in service starting Wednesday, March 18.
Mandatory: South Carolina tax deadline extended to June 1
McMaster requesting non-emergency surgery to be halted
McMaster requesting insurance pay for COVID-19 office visits, test, procedures.
McMaster requesting grocery stores limit purchases of some items, begin having special hours for senior citizens
McMaster requesting private employers to allow employees to work from home.

12
Water Cooler / Re: Corona Virus - Save Yourselves
« on: March 16, 2020, 02:55:45 AM »
Schools are closed statewide here through end of the month. Finally someone is waking up.

13
Water Cooler / Re: Corona Virus - Save Yourselves
« on: March 15, 2020, 12:27:19 AM »
>You US folk are a little odd.

Your emergency sammich would like to have a word. hhhh

14
Water Cooler / Re: Corona Virus - Save Yourselves
« on: March 13, 2020, 01:29:31 PM »
Welp, our SC gov seems to think everything is just fine and no need to cancel anything, from wed:

https://www.wistv.com/2020/03/11/sc-governor-says-schools-should-not-close-events-should-not-cancel-wake-coronavirus/

At this point, I am figuring we're going to get this. It is just a matter of time.

15
https://www.reddit.com/r/supplychain/comments/few230/covid19_update_saturday_7th_march/

A few I picked though most of it is a good read:

Cases since yesterday-
...
- Italy: 4,636 (up 50.1%)
- Iran: 4,747 (up 62.5%)
- Germany: 639 (up 59.8%; 15 out of 16 states now have recorded infections)
- France: 613 (a jump of 50.0%)
- Japan: 408 (up 16.9%)
- Spain: 374 (up 43.8%)
- USA: 213 (up 43.9%)
...

"Chinese authorities say 76m workers have gone back to work (60% of the total workforce that left for the Chinese New Year)."

...

"The US may already be in a recession - Bloomberg reports (link) that New research from State Street Associates and Massachusetts Institute of Technology indicates that the U.S. economy was already vulnerable a recession before the virus outbreak; in January the chance of a recession was 70%. If stocks give up all their growth over the past 12 months the chance will rise to 80%. The Treasury yield curve was perilously close to inversion in January as well; Bloomberg explains that inversion of the yield curve - which long-term interest rates are lower than short-term ones - is a strong indicator of recession.)"
...

"Is China really back up to speed? - Caixing media, an independent Chinese media company, is reporting (Link) that local governments are fraudulently boosting electricity consumption and other metrics in order to meet tough new back-to-work targets. It adds that leaving lights and air conditioners on all day long in empty offices, turning on manufacturing equipment, faking staff rosters and even coaching factory workers to lie to inspectors are just some of the ways they helped manufacture flashy statistics on the resumption of business for local governments to report up the chain. Beijing is apparently tracking power consumption to identify whether companies are operational."

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