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Cirque Du Soleil Files for Bankruptcy Protection

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Re: Cirque Du Soleil Files for Bankruptcy Protection

#82
post #60

Earlier quoted context omitted.

I might be like... extra retarded for saying this but... with 153k cases in Florida and 3.5k deaths (2.3%), is it really that bad? I can only imagine how many hundreds of thousands (if not millions) of Florida citizens have it/have had it and had no symptoms and aren't getting tested (which would drive the death percentage down something fierce). I feel like I have a higher chance of dying driving down the street. Am…

9/11 killed about 3k Americans, was it really that bad?

The media tells us who to care about and by how much. I find the whole thing very irrational and very isolating.

I’m quasi American and I have always hated the people who worked in those towers. The primary business of financialization is to rob the masses of their wealth / pensions. They are a well dressed and well behaved parasitical class.

Osama Bin Laden’s stated intention was to drag the US in to a quagmire and the US obliged.

Despite what MMT people may believe, the US will now have to get used to being a much poorer country. That adjustment will not be easy.

Re: Cirque Du Soleil Files for Bankruptcy Protection

#83

The great depression in live performances is truly a global tragedy. If you think restaurants and barbershops have it bad, imagine theaters. For most of them it's basically impossible to do social distancing and remain financially solvent. People may be itching to go out to eat and get a haircut, but it will be a long time before people are going to pack in to an opera house. Couple that with the fact that audiences…

Live streaming a perfomance isn't an option? Wouldn't mind paying to live stream my favorite orchestra while stuck at home. There was a thing about spanish orchestra performing to an audience of plants and streaming it.

Re: Cirque Du Soleil Files for Bankruptcy Protection

#84
post #83

The great depression in live performances is truly a global tragedy. If you think restaurants and barbershops have it bad, imagine theaters. For most of them it's basically impossible to do social distancing and remain financially solvent. People may be itching to go out to eat and get a haircut, but it will be a long time before people are going to pack in to an opera house. Couple that with the fact that audiences…

Live streaming a perfomance isn't an option? Wouldn't mind paying to live stream my favorite orchestra while stuck at home. There was a thing about spanish orchestra performing to an audience of plants and streaming it.

I think that theaters and orchestras are often more event than content business.

While there might be a aspects of a performance that can be conveyed through a video feed a large part of the experience is probably lost by attendants not being able to participate in person.

Re: Cirque Du Soleil Files for Bankruptcy Protection

#85

Earlier quoted context omitted.

Why can't they just pause and resume (and the employees get unemployment benefits)?

Because fixed costs such as building rent, maintenance and such will continue. Those are substantial amounts for any venue of note.

The value of a building (or the land it sits on) in a commercial district is entirely linked to the potential for that building to make money. During lockdown there's MUCH less opportunity for that building to make money. Accordingly, rents should drop; banks should make equity release more readily available etc etc.

Re: Cirque Du Soleil Files for Bankruptcy Protection

#86
post #80

Earlier quoted context omitted.

That’s just one of the approaches, another one is counting excess deaths - delta between predicted and actual mortality rates. It normalizes against external factors, such as poor testing infrastructure or (in some countries) government pressure to keep the numbers low. https://www.economist.com/graphic-detail/2020/04/16/tracking...

The excess deaths have just been shifted earlier in the year, as a large part of the people that die from Coronoa would have died within a year anyway. Probably towards the end of the year the excess deaths will dip below the average.

Someone aged 80 today has another 9 years to live today, according to the actuary tables. Writing these people off as "dead anyway" is neither very nice, nor supported by the data.

Re: Cirque Du Soleil Files for Bankruptcy Protection

#87
post #70

Earlier quoted context omitted.

That’s just one of the approaches, another one is counting excess deaths - delta between predicted and actual mortality rates. It normalizes against external factors, such as poor testing infrastructure or (in some countries) government pressure to keep the numbers low. https://www.economist.com/graphic-detail/2020/04/16/tracking...

Could it be that a good fraction of those "excess deaths" is caused by people choosing not to seek (or being unable to get) medical help with the conditions they already have? 2.65 million people die in the US in an average year in total, most of things like cancer or heart disease. Some of those things you can treat, some you can't nowadays, because procedures are "elective" and hospitals don't do them.

No.

Look at states, or regions in other countries, that were under lockdown even though they did not (yet) have high numbers of COVID infections.

Hospitals in these places also cancelled elective surgeries, and people avoided going doctors. But there was no excess mortality.

Re: Cirque Du Soleil Files for Bankruptcy Protection

#88
This is exactly what bankruptcy protection should be for. Cirque (and 1001 other businesses) have a viable future ahead of them. They just need their creditors to be held off for 6 months. The alternative is that a valuable business is destroyed and no one (not even the creditors) gets much back.

As a brit, I envy the US their bankruptcy process. It is a lot less punative than the UK system...

Re: Cirque Du Soleil Files for Bankruptcy Protection

#89
post #80

Earlier quoted context omitted.

The excess deaths have just been shifted earlier in the year, as a large part of the people that die from Coronoa would have died within a year anyway. Probably towards the end of the year the excess deaths will dip below the average.

Someone aged 80 today has another 9 years to live today, according to the actuary tables. Writing these people off as "dead anyway" is neither very nice, nor supported by the data.

Please show me where in my post where I said that. You seem to be arguing against something I didn't say.

Re: Cirque Du Soleil Files for Bankruptcy Protection

#90
post #9

Earlier quoted context omitted.

Cirque du Soleil certainly are different and work like a tightly knit family, they do have the advantage of not being a traveling show though. Having been back-stage at a circus many times for work, it's a really tough and hard life to live in... They eventually removed all of their animals from their show, not because of external pressure, but because they could no longer care for the animals as they used to. For th…

Cirque has/had multiple traveling shows. They spend anywhere from a few days to a few weeks in each city, depending on whether it’s an arena or a big tent show.

I thought they where more permanent than just a few days, if so, that's impressive considering their show quality (Which probably differ a lot if they are travelling)..
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