171–180 of 499 posts
How long do we expect shelter in place to last?
if we can trust the imperial college of london, the next 12-18 months will have 2/3rd of their time in lockdown.
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> It simply isn't possible to shut down the economy and then pay people, businesses to sit idle for an undetermined amount of time. Why not? This is a matter of survival. If the economic system breaks because of one pandemic that will last less than a year maybe that economic system needs to die and be replaced by something more solid and useful for most.
It's not about abstract "economic system". Let me put it in simple word: you'll loose your job. Your friends and family will loose their jobs. As a result, when your savings run out, you'll loose your appartement. And so will your friends and family. You won't be able to afford food without government assistance. And even if shutdown lasts only 30 days, it'll wreck the economy for a long time. Once a restaurant defau…
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It takes two weeks for symptoms to show up.
Ok, so where are the cases from 2 weeks ago?
The cases from 2 weeks ago are seeking medical care.
I'm slightly optimistic, testing has ramped up the last few days with a large spike instead of an unimaginable one, and we will get a clearer picture as they start broadening the criteria.
The stock market is largely collapsing because: 1.) Hedge funds levered up their capital 5 - 15x to make more money, then got caught with their pants down. So they all panic sold at once, crashing the market. 2.) CEOs of large corporations used cash to buy back their stock, inflating the stock price, and depleting their cash reserves. So now those same companies are on the brink of collapse, causing the credit market…
1) the stock market is collapsing because business cashflows are collapsing 2) the collapse has barely begun
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New Yorker here. From what I see through my window, my fellow New Yorkers still don’t “get it”. I see clusters of people hanging out and families going for leisurely walks. If this keeps up the number of infections - and deaths - will only increase. Last week my brother suggested instead of working from home I work from a Starbucks. I feel like people don’t understand how serious this is and it’s really bothering me.
I'm more sanguine. I live on a busy Brooklyn street which is normally packed with people shoulder to shoulder during the day, and I will see maybe 5-10 people on the block at what should be the busiest time. I think it's like a 90%-95% reduction which is certainly substantial enough to quench the spread enough to reduce the shock hospitals are receiving. Doing my part (I have asthma), I haven't left the apartment sin…
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Nowhere have you seen numbers that remotely approach 1-3%. You’ve seen the critical, largely elderly population get tested and from that you get that number that’s freaking people out. Stop spreading panic. With those kinds of numbers China alone would have 10M+ dead. In Japan, Singapore, surrounding nations more millions dead. Use a bit more common sense. We know we haven’t tested enough in the US, yet we don’t have…
4 dead and 3 more in critical condition from a single family: https://www.nbcnews.com/news/us-news/coronavirus-shatters-ne... 26 dead at the washington nursing home, 50 tested positive: https://www.businessinsider.com/coronavirus-deaths-washingto... Death rates by preexisting condition: https://img.buzzfeed.com/buzzfeed-static/static/2020-03/13/2... America has 42% obesity rate and a huge population with diabetes and…
It's articles like this that really make me facepalm, shake my head and say "this isn't about whether America could survive this". America is the last of our concern. Almost ALL of the other countries on planet Earth have orders of magnitude LESS resources (in every sense of the word) than we do. Think about how likely those countries aren't going to fall into chaos. Their governments aren't equipped to deal with thi…
I'm _not_ saying we shouldn't help the rest of the world. That's the very next thing. I'm saying, let's make sure we're not drowning before trying to help others not drown.
This is a really weird line of reasoning because I don't think it even holds in the case of a broader unity.
Better solution: https://docs.google.com/document/d/1YbtJGn7ida2IYNgwCFk3Sjhs... We can shelter-in-place as long as needed. And no businesses go under, and no one loses their home.
> First, we pause all fixed financial obligations, which are what’s crushing our economy right now. Right now, we’re in a crunch: people can’t work, and so they can’t make payments on mortgages and rents. Totally agree, it is insane that some families are under the threat of eviction because they live paycheck to paycheck and cannot afford to pay rent now. Same for small businesses who cannot afford to pay rent. I'm…
It's articles like this that really make me facepalm, shake my head and say "this isn't about whether America could survive this". America is the last of our concern. Almost ALL of the other countries on planet Earth have orders of magnitude LESS resources (in every sense of the word) than we do. Think about how likely those countries aren't going to fall into chaos. Their governments aren't equipped to deal with thi…
Earlier quoted context omitted.
It's not about abstract "economic system". Let me put it in simple word: you'll loose your job. Your friends and family will loose their jobs. As a result, when your savings run out, you'll loose your appartement. And so will your friends and family. You won't be able to afford food without government assistance. And even if shutdown lasts only 30 days, it'll wreck the economy for a long time. Once a restaurant defau…
You cannot imagine an economic system where the default state of a human being is to become destitute?