irvinehomeowner
Well-known member
qwerty said:Just so we are clear, I?m the one one better shape on the right
Of course. I would never challenge your calves.
qwerty said:Just so we are clear, I?m the one one better shape on the right
eyephone said:LA offer free testing then Irvine. How come I always see the LA county supervisor/LA mayor update. But rarely the OC supervisors update.
Please inform your constituents. This is your duty and part of your job!
I am not comparing, but we would like to know what is going on!
Ready2Downsize said:Kenkoko said:USCTrojanCPA said:Here's the other sad part, the vast majority of the people that lost their jobs are low/lower paying no college degree folks and I'd venture to bet that many of those jobs aren't coming back. They mentioned on CNBC that the unemployment rate for college graduated folks is around 8% now while being well over 20% for non-college educated folks. This recession will further separate the haves and the have-nots.
The April jobs data sadly backs this up. This recession / depression will indeed exacerbate income inequality.
35% of the lowest-paid (bottom 20%) workers have lost their jobs
9% of the highest-paid (top 20%) workers have lost their jobs
The damage has been so imbalanced that the average U.S. wage has "grown" 8% just by removing so many low-wage workers from the pool.
https://www.washingtonpost.com/business/2020/05/08/awful-reason-wages-appeared-soar-middle-pandemic/
Once things are opened up (except things like events, sports etc) and people find out cities, counties and states are going to have massive spending cuts and projects that "were" approved with funding promised are suddenly no longer we'll see a whole lot of trickle down cuts. Lots of businesses are going to be in a heap of trouble and it's not going to be just the little guys paying. Unless the feds come in and print money and toss it out to states, etc, going to feel like the OC BK 26 years ago.
Much of metro Atlanta?s restaurant industry knew immediately that reopening would take time and that there wouldn?t be a rush back in the name of expediency. Hugh Acheson, a well-known Atlanta restaurateur, tweeted on April 21 that ?No one tells me when to open.? Using the hashtag #GAHospitality, 50 restaurant owners representing 120 restaurants took out a full-page ad in the Atlanta Journal-Constitution giving their reasons for remaining closed for dine-in service despite being allowed to reopen. As we head into mid-May there have been no major updates on when Atlanta?s dining scene will reopen.
The limited data we have on normalization suggests that despite Georgia technically being open, its trajectory isn?t that much different from peer states that remain closed. Lyft reported earnings last week and broke out April business trends in various metro areas. Between the week ended April 5 and May 3 ridership increased 25% in Atlanta, but it also increased 35% in Chicago, 22% in New York City and 25% in Seattle, areas that still are under lockdowns. Apple Maps data show that mobility is increasing pretty consistently throughout the country since early April, with Atlanta?s recovery similar to Houston?s, another car-dependent metro area in a state that had a later and more limited reopening.
Depending upon the outcome you?re anticipating, this news should either be sobering or a relief. Government generally can?t force a business to reopen if its managers don?t feel that doing so is in its best interests. Nor, obviously, can government force customers to carry on with their pre-virus routines. Even if normalization from here on occurs in a straight line ? a notion subject to significant uncertainty ? it will only occur as quickly as all stakeholders in the process feel safe doing so. Economic activity and employment will remain far below pre-virus levels for a significant period of time even if all 50 states lifted shelter-in-place orders tomorrow.
irvinehomeowner said:If there were over 100k dead months ago because we didn?t flatten the curve, the economy would be pretty bad... maybe worse.
qwerty said:Worse? Nothing could be worse than it is now. There is no way in hell the economy would be as bad as it is now if there has been no mandated shutdowns.irvinehomeowner said:If there were over 100k dead months ago because we didn?t flatten the curve, the economy would be pretty bad... maybe worse.
Compressed-Village said:US Banks On Life Support
The new Macro Watch video shows that, without the unprecedented support that the government and the Fed are providing to the economy during the Coronavirus crisis, it is likely that all the major banks in the United States would go bankrupt.
https://richardduncaneconomics.com/us-banks-on-life-support/
Here is the next sectors to face crisis. Our 45 did not see health crisis intertwine with financial at the time he first went on TV to declare national emergency.
How much can the FED pledge for this sector?
irvinehomeowner said:So many people eating outside this shopping center I?m picking up food at even though the tables have signs on them saying not to.
One guy is even eating inside.
Did Irvine open up dining without telling me?
iacrenter said:People are getting lax. I see people drinking their coffee and eating while sitting on walls at my strip mall. Even those using a computer/reading smartphones (not eating/drinking) are not bothering to wear masks.
irvinehomeowner said:So many people eating outside this shopping center I?m picking up food at even though the tables have signs on them saying not to.
One guy is even eating inside.
Did Irvine open up dining without telling me?
iacrenter said:People are getting lax. I see people drinking their coffee and eating while sitting on walls at my strip mall. Even those using a computer/reading smartphones (not eating/drinking) are not bothering to wear masks.
irvinehomeowner said:So many people eating outside this shopping center I?m picking up food at even though the tables have signs on them saying not to.
One guy is even eating inside.
Did Irvine open up dining without telling me?