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$1K a month would make a huge difference for the people who really need it, people who live on $1K/month.
Would be a hilarious series of ironies for history if a Republican germophobic xenophobic president were brought down by what he called a "foreign virus" and a massive social safety net is what saves lives and livings and turns a bunch of purple states blue for a few cycles.
Would be a hilarious series of ironies for history if a Republican germophobic xenophobic president were brought down by what he called a "foreign virus"
Panic works too tho I guess.
One restaurant owner on CNBC is predicting that ~70% of restaurants will fail if the COVID dip lasts longer than 6 weeks which it almost certainly will. It's not like those businesses will spring back overnight. Most will be gone forever unless they get direct fiscal support.
I wonder how the tobacco industry is doing these days
I do think these two things can go together. When the immune system is inefficient by virtue of age or compromise it can be slower in mounting a defense when the body has some immunity to the virus. This allows the virus population to grow so large that the eventual inflammatory reaction is dangerous. Though I am not a medical person I do have some background with my undergraduate degree in bacteriology, but as a 75 yr old with a 72 yr old wife with a severely compromised immune system (last year she was hospitalized with 3 pneumonias) I have been reading very intensely on this disease and trying to understand its transmission history. The more I have learned the more I believe we are taking the correct actions though they seemed an over reaction earlier.First correct for co-morbidities as people get older. If any excess morbidity or mortality is left over then look for contributory mechanisms.
How do you hypothesize immunosenscense and exaggerated immune response in the same sentence ?
The major challenge of suppression is that this type of intensive intervention package – or something equivalently effective at reducing transmission – will need to be maintained until a vaccine becomes available (potentially 18 months or more) – given that we predict that transmission will quickly rebound if interventions are relaxed.
I am pretty worried about small businesses getting lost in the shuffle here too.
But, here's a cheery anecdote that may help a bit: my cousin runs a burger joint not far from Seattle. Over this past week, his business is UP. It's all take-out, of course, but I guess that when people have to stay home, they figure they might as well order some food.
Who knows if it will last.
HERE is a story about one of Seattle's best-known high-end restaurants; they switched to an extremely simplified menu and opened a drive through; and while it just started, they are off to a very busy start...
CA suspends legislative session beginning Friday night through 4/13. First time in 158 years.
Stefanie Dazio on Twitter
EVERYONE is going to take a bath. we all need to realize that pretty much the whole world econ is ill-prepared for this kind of event.
quarters? think 'years' for a real recovery.
ripples will be felt for a long time. like reflections, they'll bounce out to the perimeter, then echo back in and we'll be in oscillation for a long time.
anyone who is thinking of 'quarterly profits' needs a REALITY adjustment.
this is post-virus. we need new post-virus thinking.
(sort of half serious)
I think this is way too pessimistic.