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Canada8991 Posts
The report is a bit fuzzi, could be a one of thing because of slew of admission of cases with higher chance to survive, I'll wait for more info.
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On March 23 2020 07:42 Mohdoo wrote:
Kate Brown ordered a stop on evictions. Now that also needs to apply to mortgages.
Kates order applies to mortgage as well. If you dont pay your rent or mortgage you wont get evicted during this crisis(just after).
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On March 23 2020 07:47 BlueBird. wrote:Show nested quote +On March 23 2020 07:42 Mohdoo wrote:
Kate Brown ordered a stop on evictions. Now that also needs to apply to mortgages. Kates order applies to mortgage as well. If you dont pay your rent or mortgage you wont get evicted during this crisis(just after).
But does interest keep accumulating on your mortgage?
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On March 23 2020 07:47 BlueBird. wrote:Show nested quote +On March 23 2020 07:42 Mohdoo wrote:
Kate Brown ordered a stop on evictions. Now that also needs to apply to mortgages. Kates order applies to mortgage as well. If you dont pay your rent or mortgage you wont get evicted during this crisis(just after).
Yeah, I hope they do something a bit more direct, such as preventing the payments to begin with.
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On March 23 2020 07:53 Manit0u wrote:Show nested quote +On March 23 2020 07:47 BlueBird. wrote:On March 23 2020 07:42 Mohdoo wrote:
Kate Brown ordered a stop on evictions. Now that also needs to apply to mortgages. Kates order applies to mortgage as well. If you dont pay your rent or mortgage you wont get evicted during this crisis(just after). But does interest keep accumulating on your mortgage?
Yes, we are still required to pay for everything we were before. They just aren't shoving people out on the street right away. They are waiting politely until after the crisis has officially ended to put you and yours on the street  . Your rental history/credit will still plummet, and the bank will seize their property for you not paying mortgage. Just not yet.
(I'm in Portland OR and I fully expect Monday to be my last day of work fwiw)
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My mom has multiple properties that she rents out. If they don’t pay rent then that’s nearly 10k/month she is missing to pay mortgage on. It’s gonna be rough.
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I don’t see how stopping rent, stopping mortgage, and stopping interest ends in anything but a bailout of the banks. They’re gonna be lined up right behind the airlines saying they are out the money originally lent, and have no asset stream to pay their employees and obligations.
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On March 23 2020 08:06 Danglars wrote:
I don’t see how stopping rent, stopping mortgage, and stopping interest ends in anything but a bailout of the banks. They’re gonna be lined up right behind the airlines saying they are out the money originally lent, and have no asset stream to pay their employees and obligations.
The easiest way is to just have the government negotiate on a price. Government pays banks for all mortgages covered until June or something like that.
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On March 23 2020 08:06 Danglars wrote:
I don’t see how stopping rent, stopping mortgage, and stopping interest ends in anything but a bailout of the banks. They’re gonna be lined up right behind the airlines saying they are out the money originally lent, and have no asset stream to pay their employees and obligations.
I don't know how inevitable that is, but it seems a better alternative to bailout banks in the future than let masses of people go homeless and hungry now. Even if you cared nothing for their individual suffering, it goes against trying to contain the virus if masses of people are unable to quarantine themselves due to having nowhere to live.
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On March 23 2020 08:17 Mohdoo wrote:Show nested quote +On March 23 2020 08:06 Danglars wrote:
I don’t see how stopping rent, stopping mortgage, and stopping interest ends in anything but a bailout of the banks. They’re gonna be lined up right behind the airlines saying they are out the money originally lent, and have no asset stream to pay their employees and obligations. The easiest way is to just have the government negotiate on a price. Government pays banks for all mortgages covered until June or something like that.
Why? I don't really get this at all. It just increases government debt for no decent reason. Just have everybody owe the same money they do now. Have a stop on evictions until after this all ends, and come up with targeted subsidies for people who the corona virus affected economically to ensure they can meet their payments.
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Just providing people enough income to cover their bills is the easiest and most practical in the short term but poses the long term problem of how you convince people to go back to work for the wages they did before while taking away their income.
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On March 23 2020 04:26 Acrofales wrote:
I'm impressed by Iran. They seem to have this under control. Starting yesterday it looks like active cases has stabilized, and new cases is approximately steady around 1000 new cases a day. Does anybody have any insights into what they are doing?
Despite the West, they actually have a very good healthcare system and I guess the coercition does its job. The only news which are covering the fact the usa don't allow them to buy medical supply.
Anyway, in France, the cashiers don't wear masks, it's weird because they are still in contact with the whole population but I guess no one cares, I wonder how we're gonna stop the coronavirus, I guess my gov will try to cover those failures with "people's indiscipline", some posters who support the gov are already using this narrative which civers pure incompetence.
That say, since yesterday, our policemen can wear masks during the controls : https://www.google.com/amp/www.leparisien.fr/amp/faits-divers/coronavirus-les-masques-autorises-lors-des-operations-de-police-de-securite-publique-21-03-2020-8285004.php . It's insane that my gov is so late, in Asia, they didn't have these problems, that's one of the main reason they stopped these shits but our incompetent leaders and the population who voted for them don't seem to realize.
Construction workers still have to work massively without much protection (considering everyone lacks of masks)
https://www.google.com/amp/s/m.20minutes.fr/amp/a/2745263
And finally, this : https://www.google.com/amp/s/m.20minutes.fr/amp/a/2745539
In 2011, France had 700millions FFP2 and 1 billions chirurgical masks in reserve, in 2020, just before the crisis, France had 0 FFP2 and 117 millions chirurgical masks.
Moreover, I don't have the numbers of hospitals closed, but from 2013 to 2018, 17500 hospital beds have been deleted (which is 4.5% of the total) : https://www.google.com/amp/s/m.20minutes.fr/amp/a/2742207
The policy in France and more globally in the west has to reduced the public healthcare system, the consequence of these policies which only favored the richest is these deaths.
I could continue to denounce the speculation on drugs : solvani, the drug who used on hepatitis C cost around 43000 euros because Gilead is the only company who got the patent and so can chose its price.
They're doing the same stuff with drugs for AIDS.
There are reasons why the healthcare system is so quickly running out of steam, public money has been both reduced and drained by the vultures.
Finally, I could continue with the antisocial reforms our gov passed with the "pandemic emergency state", they're saying it is only provisional but I don't trust them at all.
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On March 23 2020 08:21 Acrofales wrote:Show nested quote +On March 23 2020 08:17 Mohdoo wrote:On March 23 2020 08:06 Danglars wrote:
I don’t see how stopping rent, stopping mortgage, and stopping interest ends in anything but a bailout of the banks. They’re gonna be lined up right behind the airlines saying they are out the money originally lent, and have no asset stream to pay their employees and obligations. The easiest way is to just have the government negotiate on a price. Government pays banks for all mortgages covered until June or something like that. Why? I don't really get this at all. It just increases government debt for no decent reason. Just have everybody owe the same money they do now. Have a stop on evictions until after this all ends, and come up with targeted subsidies for people who the corona virus affected economically to ensure they can meet their payments.
The logistics of this are probably harder to work out than simply having the government buy the debt. Additionally, banks are considered essential businesses by the US federal government, meaning that they're required to stay open and pay their employees. (unless a state decides otherwise - but I suspect most will use the definition outlined by homeland security like Ohio did earlier today). Mortgages are a huge percentage of a bank's income, and they may be literally unable to meet payroll if they're frozen.
On March 23 2020 08:29 GreenHorizons wrote:
Just providing people enough income to cover their bills is the easiest and most practical in the short term but poses the long term problem of how you convince people to go back to work for the wages they did before while taking away their income.
Not doing the first step is how a country winds up with a revolution. Even the most basic freshman level history or polisci class will teach that a starving population revolts really quickly. I don't think even Senate Republicans are dumb enough to let 40% of the population be unable to buy food.
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dont believe anything that comes out of Iran
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The american peoples faith in capitalism begins and ends with full, refilling supermarkets. I belive there's an urban myth that gorbachev lost faith in communism when he toured a supermarket in america.
In other news the 3M n95 respirator mask is now running at full production with people working 12 hours a day every day until the end. I think if I see one movie about the virus I want it to be about that factory.
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On March 23 2020 02:15 SC-Shield wrote:Show nested quote +On March 23 2020 01:56 FueledUpAndReadyToGo wrote:
I just have a constant feeling of dread in the back of my mind now, it's awful.You keep your mind off of the virus for most of the day, then see new numbers, and it's always worse, and the feeling is instantly back. I wish I could just be convinced that it would all be better in two months so you can just have the weather the storm mentality, but I just don't see how it will be better. I don't care much about this virus since I'm well outside the risk group, so I guess carelessness helps to keep mind calm. I'm also relaxed by the fact that humanity has survived much more dangerous diseases such as the Black Death (Plague), Spanish Flu, etc. Other than that, there is possibly a rare but not discussed symptom from this coronavirus - loss of taste or smell. However, it's not proved yet, hence I'm not going to post source until confirmed. Edit: Italy is at 59k cases now. I guess by Wednesday or Thursday they will have surpassed China.
-__- relaxed? carelessness. it is people like you who don't help. also a lot of this could be preventable.
Everyone could have stepped up sooner. Can anyone name one nation who stepped up right away and then everyone wants to point the finger.
Sure I heard Taiwan and forget the other Asian nation which was texting their people. A lot of people are going to die when we have come a long way with science meaning a lot of fucking people didn't have to die.
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100% this is the end for my restaurant business. 10+ restaurants all gonna have to close and the company probably go into liquidation. g fucking g
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Canada pulls out of the Olympics over the inability to train and won't join back unless it gets postponed to 2021. Good for them if the IOC/Japan is unwilling to delay.
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On March 23 2020 15:07 evilfatsh1t wrote:
100% this is the end for my restaurant business. 10+ restaurants all gonna have to close and the company probably go into liquidation. g fucking g
Sorry to hear that. Hopefully you've got some sort of nest egg saved up somewhere. I'm pretty sure that unless governments enact some sort of small business relief, most sit-down restaurants are going to go the same way unless they own the place. Not many of them can survive on takeout only.
My parents are planning the end for theirs after almost 3 decades. Lease is up in a few months, but everything is paid off, they have their own retirement investments, and all my siblings and I are financially independent.
On March 23 2020 16:25 CorsairHero wrote:
Canada pulls out of the Olympics over the inability to train and won't join back unless it gets postponed to 2021. Good for them if the IOC/Japan is unwilling to delay.
We might be the first, but I can definitely see the floodgates opening over the next few weeks as it gets worse and worse. Corona is just getting started in most western countries. Italy is just a few weeks ahead of most other countries.
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My company has just updated its policy so it can fire people by email...
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EPT
