One of the questions will be long term immunity. Current coronaviruses don’t really give long acting immunity after infections. So will a vaccine do better than that?

We might end up with a situation where we produce it and administer it everywhere for short term immunity, then boost vaccinations as COVID-19 emerges in clusters if it ends up endemic.

Hopefully there is a long term immunity or were really screwed as a society and no amount of social distancing is going to stop that.

Vaccines can be rushed in emergency situations. Extraordinary times call for extraordinary measures.

Can you provide some sources and/or explanation on this? My understanding is the process cannot be rushed without the threat of the vaccine doing harm to people, but it's something I'm still trying to learn about.

Good story on Danilo Gallinari's experience with COIVD-19 across Italy and the U.S.: https://www.nytimes.com/2020/03/15/sports/basketball/danilo-gallinari-italy.html

Is it just complete disregard or head-in-sandism in Oklahoma?

I made it a point to drive by several restaurants on the way home from work last night. BWW's had about 12 cars in the parking lot, Texas Roadhouse had about 20 cars, On The Border had 10 or so, and Red Robin had about 10-15. This was at 9pm on Saturday night in Colo Springs. I mentioned up thread I went to Outback on Friday night to pick up a togo order of wings and was literally the only patron at 9PM.

When the first death in OKC is blamed on Corona virus, surely a lot more people will start taking it seriously.

In all honesty if people didn't learn from Wuhan, Italy, Iran or South Korea then maybe the only thing you can say is "Oh well." There is no reason why anyone shouldn't take this seriously after it brought down the second largest economy on earth, a powerhouse effecient economy in northeast asia and as its sweeping through the EU. Just shrug and let people bury their head into the sand.

https://www.normantranscript.com/news/ou-community-member-diagnosed-with-covid/article_886cbcea-671a-11ea-ab49-b7136bdd87e2.html

Dow plunged over 2,200 points after opening and is now on automatic pause.

Oil is below $29 a barrel.

Dow plunged over 2,200 points after opening and is now on automatic pause.

Oil is below $29 a barrel.

if this goes on for months and months the long term economic disaster might be worse than the virus ...

https://www.normantranscript.com/news/ou-community-member-diagnosed-with-covid/article_886cbcea-671a-11ea-ab49-b7136bdd87e2.html

All details of this case seem so vague. Was this somebody that worked on campus? Did they recently return from overseas or did they catch this in the wild in norman?

Who was this person around and do they need to go into self quarantine?

From Rachel Cope:


Beginning Tuesday, March 17th, all of our 84 Hospitality Group restaurants will operate as take-out, delivery, and curbside pickup only. This includes: Empire Slice House OKC and Tulsa, Gorō Ramen, Gun Izakaya, Revolución, and Burger Punk. We will be closed tomorrow Monday, March 16th to implement these changes. As with all of our industry friends from around the country, we are taking every possible sanitary precaution to keep our team and our customers safe. The choice to continue to operate as to-go only rather than close completely is based on making enough money to put it into the pockets of our staff, period.

From Rachel Cope:

Mule, Press and Anchor Down are doing the same. The Pump's staying open but cutting capacity in half, and I'm sure there are a lot more to follow. I feel for everyone in the service community that are living paycheck to paycheck, it's going to be a rough go for awhile.

This is going to be an Armageddon for so many small businesses. Once this is over, please patronize them as much as you possible can if you have the means to do so.

This is going to be an Armageddon for so many small businesses. Once this is over, please patronize them as much as you possible can if you have the means to do so.

exactly. i have seen several offering delivery services to try and keep business going. the Meating Place in Norman is going to offer their BBQ by the pound and delivered to your door, to try and keep up business.

This is going to be an Armageddon for so many small businesses. Once this is over, please patronize them as much as you possible can if you have the means to do so.

Also, buy gift cards from them online over the next few weeks

Also, buy gift cards from them online over the next few weeks

Are we sure about that? I am not an accountant but I was under the impression that gift cards cannot be accounted for until use. The money has to remain in an escrow-like account until redemption, and then at the time of sale, the money can be used to pay for that purchase. Perhaps it is just for tax purposes, but will this impact their ability to receive a loan to make it in the short term? All of a sudden they have received a huge infusion of cash but also huge inflation of liabilities. If those liabilities are too great they may not qualify for a loan.

Are we sure about that? I am not an accountant but I was under the impression that gift cards cannot be accounted for until use. The money has to remain in an escrow-like account until redemption, and then at the time of sale, the money can be used to pay for that purchase. Perhaps it is just for tax purposes, but will this impact their ability to receive a loan to make it in the short term? All of a sudden they have received a huge infusion of cash but also huge inflation of liabilities. If those liabilities are too great they may not qualify for a loan.

Good question. But if I walk in and pay $50 cash for a gift card its their money now right? Of course they have to honor it and my risk is they go out of business. But why can’t they cash/use that $50 now? So same would apply if I buy online?

Good question. But if I walk in and pay $50 cash for a gift card its their money now right? Of course they have to honor it and my risk is they go out of business. But why can’t they cash/use that $50 now? So same would apply if I buy online?

I am not sure. Are there any accountants on the board that can weigh in?

Schools expected to close through April 6th

https://www.tulsaworld.com/news/local/education/board-of-education-expected-to-close-oklahoma-schools-through-april/article_8b4885b6-01e6-5927-bc90-47cd130105e6.html#1

Good question. But if I walk in and pay $50 cash for a gift card its their money now right? Of course they have to honor it and my risk is they go out of business. But why can’t they cash/use that $50 now? So same would apply if I buy online?

It would most likely be booked as: Increase in assets (cash) and increase in liabilities (payable). Once the sale occurs, the liability would be eliminated and would go towards revenue.

It would most likely be booked as: Increase in assets (cash) and increase in liabilities (payable). Once the sale occurs, the liability would be eliminated and would go towards revenue.

Yes. But they can use the cash from the sale now right? Which is what I’m trying to find out and would be a way to help these places during social distancing.

It would most likely be booked as: Increase in assets (cash) and increase in liabilities (payable). Once the sale occurs, the liability would be eliminated and would go towards revenue.

Confirmed, assuming they use accrual method accounting. Debit cash, credit unearned revenue (liability) when gift card is purchased. Debit unearned revenue credit income when gift card is used.

Cash is cash. Buying gift cards definitely helps spread out the financial impact. It gives businesses cash now but decreases cash received throughout the rest of the year as the gift cards are redeemed.

Yes. But they can use the cash from the sale now right? Which is what I’m trying to find out and would be a way to help these places during social distancing.

Yes, the cash is theirs to spend once the gift card is purchased.

Yes, the cash is theirs to spend once the gift card is purchased.

Thanks!

https://www.youtube.com/watch?v=dWpG7qHtB8g

Yes, the cash is theirs to spend once the gift card is purchased.

Thanks! This could be one way we customers can support our fave eating and drinking establishments. Still won’t help their servers but maybe if the business survives those servers have their job back once this wanes.

Rumor among pilots is an announcement will occur tomorrow regarding shutting down the national airspace system effective Wednesday.

Pilots aren't always the best or most reliable source but that is what is going around with them. Thought I would pass this along.

I've also heard this. I would consider the source to be quite reputable.

Wait, why is no one just planning on getting their carry out? That’s probably the best way to help them and can be done safely.

All Oklahoma public schools expected to close until at least April 6th.

Is Braums a Grocery store. I wonder how they will handle this. Let people come in to get grocery but not let them order food and eat inside? Or will they let them order for carry out?

How can still eat in restaurants, they just want to keep the number of people inside down to a reasonable #.

Wait, why is no one just planning on getting their carry out? That’s probably the best way to help them and can be done safely.

I think it was more in reference to people staying at home. Most of the social media I've seen from restaurants, small businesses, etc. referencing this had links to purchase gift cards online.

All the Chickasaw casinos have finally closed (Winstar, Riverwind, Newcastle). This is not surprising but I am surprised it hasn't happened sooner. Casinos are disgusting germ infested places.

My friend that works at Braums says it was business as usually today. Grocery busy, at least 20 people eating in the dining room. Until people are forced to stay home they won't stay home. I personally don't think we should be waiting until the "numbers get higher" The reason the numbers are low is cause lack of testing

My friend that works at Braums says it was business as usually today. Grocery busy, at least 20 people eating in the dining room. Until people are forced to stay home they won't stay home. I personally don't think we should be waiting until the "numbers get higher" The reason the numbers are low is cause lack of testing

That is wild that Braum's would keep the dining rooms open, but Braum's has never been particularly interested in being a good corporate citizen.

Another person i know well that works there said everyone was busy running around. I don't understand why sit down restaurants are not busy but fast food places are. I'm sorry I would feel cleaner in a sit down restaurant then a fast food joint.

The owner of Elote in Tulsa has a post today on Facebook basically asking the Mayor of Tulsa and the governor to shut all the restaurants down. She notes that anything she could do as an individual restaurant owner (she's already gone to takeout only I think) is a drop in the bucket if others stay open.
I thought it was a brave post and it made me think of 84 hospitality group trying to do what is right, and I couldn't help but wonder, what about the big groups like Good Egg and Hal Smith? Wouldn't they all rather just have a mandate from the mayor?

^

The problem is the hundreds of people who work at these places.

Most of them survive on tips and most don't have a lot saved.

The service industry is going to get hardest and tens of thousands of people are going to have real trouble getting by for more than a month.

^

The problem is the hundreds of people who work at these places.

Most of them survive on tips and most don't have a lot saved.

The service industry is going to get hardest and tens of thousands of people are going to have real trouble getting by for more than a month.

As I posted in the other thread, the government has a moral obligation to protect service workers during this unprecedented crisis, but the most urgent matter right now has to be getting everything shut down ASAP. Every day we delay in doing that is going to result in everything being shut down for much more than a day at the back end of this.

As I posted in the other thread, the government has a moral obligation to protect service workers during this unprecedented crisis, but the most urgent matter right now has to be getting everything shut down ASAP. Every day we delay in doing that is going to result in everything being shut down for much more than a day at the back end of this.

What do you all think about Romney’s plan of just giving all adults 1000 bucks?

What do you all think about Romney’s plan of just giving all adults 1000 bucks?

It's a good start, but doesn't go far enough, IMO. To use just one example, restaurant servers will likely be out of work for at least a few months before this is over. When I was a server several years ago, I was taking home about $2,500/month and it's not like the place I was working at was incredibly busy or fancy. And then you have to think about how many restaurants are likely to close over the course of this, and the resulting difficulty of finding work again once things settle down. So I really don't think a one-time $1,000 check is going to go very far for most people. It's an extremely tough situation, because this is an unprecedented event that is likely going to need new solutions compared to what we've done in prior recessions.

https://docs.google.com/forms/d/e/1FAIpQLSeG68dfQhK5vexW9EdOQ0j-Q5UIuACWtxpePApmFNEldrl7tw/viewform?fbclid=IwAR1cjGsYhdWqGRCKgt3ZRRDLDkJTu0Wu 26RSKgaq20IkPi4cQ2IYIJUprYQ Something like this maybe?

Saw where McDonalds Corp. is asking all franchisees to close their dinning rooms.

^

The problem is the hundreds of people who work at these places.

Most of them survive on tips and most don't have a lot saved.

The service industry is going to get hardest and tens of thousands of people are going to have real trouble getting by for more than a month.
Norman mayor is shuttering all bars.
Seattle is giving $800 supermarket vouchers to citizens. There are ways we can move forward together.

Regal Theatres (Warren Theatres and Hollywood Spotlight in Norman) are closed as is Harkins Theatres in Bricktown.

With schools closing, are parents staying home with the kids?

Norman mayor is shuttering all bars.
Seattle is giving $800 supermarket vouchers to citizens. There are ways we can move forward together.

Seattle has money. OKC does not. So there is a difference there. OK citizens best bet is a federal step-in to help replace lost income.

Seattle has money. OKC does not. So there is a difference there. OK citizens best bet is a federal step-in to help replace lost income.

Oklahoma will be the last state to do anything mark my words. Oh we only have 10 cases. Whatever we have tested less than 150 people also. SMH

It's a good start, but doesn't go far enough, IMO. To use just one example, restaurant servers will likely be out of work for at least a few months before this is over. When I was a server several years ago, I was taking home about $2,500/month and it's not like the place I was working at was incredibly busy or fancy. And then you have to think about how many restaurants are likely to close over the course of this, and the resulting difficulty of finding work again once things settle down. So I really don't think a one-time $1,000 check is going to go very far for most people. It's an extremely tough situation, because this is an unprecedented event that is likely going to need new solutions compared to what we've done in prior recessions.

if this goes for a "few months" there won't be jobs for any of these people to go back to

I don’t get why local employees who have capability to let employees work remotely are still not letting employees work remotely.

It seems that until there is a major issue companies don’t want to lose a little bit of productivity that might occur with remote work.

Many felt that OKC had become “overbuilt” in restaurants, and we were starting to see the start of closures (there’s a thread here somewhere). This will be the death knell for all but the best capitalized. Anybody who’s been in real estate a while remembers the 1980s bust that wiped out most local developers & investors. This will be similarly-remembered by the local restaurant industry.

Many felt that OKC had become “overbuilt” in restaurants, and we were starting to see the start of closures (there’s a thread here somewhere). This will be the death knell for all but the best capitalized. Anybody who’s been in real estate a while remembers the 1980s bust that wiped out most local developers & investors. This will be similarly-remembered by the local restaurant industry.

it won't be just restaurants

We had to suspend printing of the Gazette. Since we focus on food, arts & entertainment, there is nothing to write about. And of course, all our advertisers have pulled their ads because they have nothing to promote.

We plan to keep paying our staff but how long can any business do that without revenue?

A couple of months won't be the end of the world but if this goes into summer, the impact will be unimaginable.

We had to suspend printing of the Gazette. Since we focus on food, arts & entertainment, there is nothing to write about. And of course, all our advertisers have pulled their ads because they have nothing to promote.

We plan to keep paying our staff but how long can any business do that without revenue?

A couple of months won't be the end of the world but if this goes into summer, the impact will be unimaginable.


that is terrible for you and for the thousands of other companys in the same situation

Hopefully, if we all just bunker down for a couple of months we can turn this thing around.

That seems to be the best-case scenario right now.

AMC theaters closing for at least 6 weeks.

Shoulda bought stock in Netflix!

AMC theaters closing for at least 6 weeks.

Shoulda bought stock in Netflix!

Some of the big release movies are going straight to iTunes / PPV as well instead of delaying their release.

Most network traffic is people watching videos and this peaks in the evening. So working from home probably doesn't really increase that too bad relatively speaking. I would think video conferencing services will run out of hosting space until they can spin up more servers if companies start doing wfh more frequently.

Any updates to this, especially in the OKC area? Changes in network traffic in the day with online learning plus all schools closed?

I think studies show workers are actually more productive working remotely.

I think studies show workers are actually more productive working remotely.

IMO, it' depends on the industry and what "efficiencies" you are targeting. Independent workers, yes. Collaborative workers, not so much unless you develop a really good infrastructure of virtual meetings.

YMCA's closing through at least 3/31.