Additional 6.6M File for Initial Unemployment Benefits [pdf]

Post by SketchySeaBeast » Thu, Apr 02, 2020, 2:06 PM UTC

nck4222 wrote: post #177

SketchySeaBeast wrote: post #157

Earlier quoted context omitted.

If the economy bounced back to what it was on Feb 28th, what is your acceptable number of dead? Would you trade 9 million unemployed for 9 million dead? Do you think that wouldn't have an effect on the market as well? We're in it now, and no amount of wanting to hit the abort button will change anything. It's a fantasy to assume people will just go back to work, the economy will get better, and everything will return…

>Would you trade 9 million unemployed for 9 million dead? No, I'm not advocating to abort a quarantine and have people return to work. >It's a fantasy to assume people will just go back to work, the economy will get better, and everything will return to normal Agreed. I'm advocating we stop believing in this fantasy and face reality that this is the start of a long term recession.

Post by themagician » Thu, Apr 02, 2020, 2:07 PM UTC

arbitrage wrote: post #161

themagician wrote: post #124

Earlier quoted context omitted.

In many places being unemployed pays more than being employed. Not sure why the downvotes. It’s literally true for the first time ever. The way the new benefits work out your unemployment check STARTS at the equivalent of $15/hr x 40hr/week = $600/wk. In California, for example, you can get up to $1,050/wk instead of the old maximum of $450/wk.

Go ahead and name them, please?

Post by [deleted] » Thu, Apr 02, 2020, 2:08 PM UTC

tyingq wrote: post #133

aluminussoma wrote: post #48

Earlier quoted context omitted.

What will the employees, in the US at least, do for health insurance? A pandemic is when you need it. These employees will be strained to pay for COBRA. I fear that we will see revolutions in countries where this is not contained, from either a health or economic perspective. An old saying is that you should buy stocks when there is blood in the streets. I hope that doesn't become literal.

"These employees will be strained to pay for COBRA." That is a huge understatement. Especially for anyone that needs family coverage. The rates I paid when self-employed were more money per month than my entire paycheck until I was in my late 20's.

Post by npo9 » Thu, Apr 02, 2020, 2:10 PM UTC

kevstev wrote: post #170

treyfitty wrote: post #92

For those living in cities that are locked down, what do yall do about daycare? In NYC, my daycare isn't reimbursing fees, so we're continuing to be charged with a promise of "if insurance pays out, we'll pass it down." With 2 kids, that’s $5,000. Assuming they’re closed for 3 months total, that’s $15,000 down the drain. Now, I get that they're a small business, but their problem is that they can't exactly layoff the…

I don't understand- they are not providing the service but also not reimbursing fees? That makes zero sense to me- do you pay monthly, and ahead of time?

Post by makomk » Thu, Apr 02, 2020, 2:11 PM UTC

jiofih wrote: post #140

Is the title incorrect? Reading the article it says an additional 3M, for a total of six million