Covid-19 Economic Impact

[BBatesokc]

The part they aren’t mentioning is that don’t need as much staff either and cuts are coming.

You're such a predictable ray of sunshine.

I couldn't imagine being as miserable every day as you project on this forum.

We made s'more in the pizza oven last night. You should try appreciating life.

[BoulderSooner]

Maybe the point of doing that was to make the Post Office look bad from having huge losses and so make privatization more popular as a solution.

the post office boss the postmaster general each and every year presents a plan to congress that would have them break even ...

this usally included a raise in shipping rates and reduction in services (closing rural post offices and working less days)


these are always turned down by congress (with the exception of small postages increaces)

so basicly we (congress) doesn't want them to be well run

[Teo9969]

You're such a predictable ray of sunshine.

I couldn't imagine being as miserable every day as you project on this forum.

We made s'more in the pizza oven last night. You should try appreciating life.

A SINGLE S'MORE??? That's not the kind of life I want to live ...

[AP]

https://www.nytimes.com/2020/04/06/b...gtype=Homepage

[BBatesokc]

A SINGLE S'MORE??? That's not the kind of life I want to live ...

LOL. Actually, it was s'mores dip. Take a swallow fajita cast iron skillet, line it with Ghirardelli chocolate chips, cover with mini marshmallows and stick in the pizza oven (or regular over) (400-500 for 4 minutes). Use graham crackers to scoop out the gooey goodness! Topped it off with a movie on the outdoor movie screen and a bonfire.


So much is out of control. I don't get people who constantly wallow in misery. My work has ground to a halt. I started up another small business gig and I'm cool with getting some sort of part-time gig to keep from having to spend our savings. It is what it is. It's how you persevere that matters, now how much you spread misery.


Good luck to you man, and stay safe and healthy!

[BBatesokc]

The part they aren’t mentioning is that don’t need as much staff either and cuts are coming.

FYI Negative Nancy..... Since the wife and I share the same home office now, I was forced to sit through her corporate Zoom meeting this morning. They actually had the largest growth in new business over the last month. They also employ hundreds of people, have zero cases of CV-19 and are doing everything they can to keep every employee, whether they are able to work from home or are simply sitting at home waiting for this to be over.

[AP]

^My company also has not let anyone go and doesn't plan to. Actually, we have never laid anyone off. Next year will be 75 years.

[Rover]

I have a major client who is in the commercial property engineering and tax sector and they are having record new business this month and growing inquiries. Fortunately, a couple of years ago they had set up the ability for people to work at home securely if they needed to, so they have handled the business great and are actually expanding and making investments. Companies that have been forward thinking and aware that these kind of situations might actually happen are going to survive and thrive.

[BoulderSooner]

was told that over 50% of okc large apt tenants didn't pay rent this month

[Edmond Hausfrau]

I noticed AP and the Oklahoman picked up a story about closing most of Integris Portland Ave also known as old Deaconess Hospital. The tone of the article implies it is due to economic impact of shutting off non-emergent care.
The thing is, they laid off 600 people in non-clinical positions back in October 2019 as they continued to merge operations with Baptist. I'm highly suspicious that the closure would have happened regardless of the pandemic, but at least this way, Integris administration is eligible for any federal bailout of healthcare operations.

[jdizzle]

I noticed AP and the Oklahoman picked up a story about closing most of Integris Portland Ave also known as old Deaconess Hospital. The tone of the article implies it is due to economic impact of shutting off non-emergent care.
The thing is, they laid off 600 people in non-clinical positions back in October 2019 as they continued to merge operations with Baptist. I'm highly suspicious that the closure would have happened regardless of the pandemic, but at least this way, Integris administration is eligible for any federal bailout of healthcare operations.

Probably a mix of both. There are not enough COVID cases to keep all these hospitals open. It is sad.

[BoulderSooner]

things are not looking up in the economy

16.8 mil have filed for unemployment in the last 3 weeks

JPMorgan sees things getting worse

and https://www.cnbc.com/2020/04/09/jpmo...20percent.html

and bankruptcies are going to be a big deal

https://www.bloomberg.com/news/artic...ployment-soars

[Jersey Boss]

I'm curious as to how our u/e numbers and other leading indicators compare to the EU and other first world economies.

[TheTravellers]

Saw an article about how events, clubs, restaurants might be "forever changed", but is that really economically feasible? Can Chesapeake (and/or the NBA) still turn a profit if only every 4th seat is filled? Can the Tower survive if they can only hold half their capacity and everybody has to stand on an X taped on the floor 6 feet apart? Can Pizzeria Gusto survive if they have to cordon off every other table? Can the Bunker Club survive only letting 6 people in at a time and putting everybody in a separate corner? My take is "Nope", but I'm not the accountant for any of those places, so I don't know for sure, but I'd imagine that profitability is based on full-ish houses the majority of the time...

[Pete]

I really wonder about sports.

Virtually every game is televised now anyway and ticket prices have become absurd for all pro and most college games.

They were already struggling because people now have great home theater systems and have a better seat in their living room.

And on top of all that, there will be legitimate health concerns for at least a couple more years.

Does not bode well and I'd place movie theaters in the same category.

[Jersey Boss]

While you make good points on viewing at home I think the dynamic of the folks at the event cheering and other displays of emotion adds to the viewing expierience. I don't know how it would play for the home viewer to watch a contest in such a sterile enviroment.

[TheTravellers]

While you make good points on viewing at home I think the dynamic of the folks at the event cheering and other displays of emotion adds to the viewing expierience. I don't know how it would play for the home viewer to watch a contest in such a sterile enviroment.

And as LeBron said, they play for the fans, and if there are no people in the arena, yeah, it would be quite a strange event. Reminds me of seeing Chris Whitley at the Old Town School of Folk Music (we had seen him about 3-4 times at clubs by then) - it was seated, and he said "OK, this is a bit strange, don't play these places much, not enough energy coming back from y'all". Sometimes you gotta have crowd interaction for the best results.

[mugofbeer]

I'm a 60 y/o. My "point of return" is when a therapy, vaccine or treatment is developed that will keep me alive. At that point, l will be fine going to a ballgame. I can handle getting sick. It happens, but death for so many old folks is a treat l don't want.

[Plutonic Panda]

Maybe it’s just me but no home setup up(I have some pretty rich relatives with incredible theatre rooms) can recreate the experience of going to a game or movie theatre. I read tons of reports that theatre attendance is down but I rarely notice it in person as it is usually packed.

Perhaps this is wishful thinking on my part but I don’t see much like restaurants, movies, or sports being forever changed. Maybe for the next year things are weird but I bet things go back to normal more so than not within five years or much sooner. Just like how we overbuilt malls and are tearing them down en mass I bet we see a small resurgence in brick and mortar stores.

If anything I think this virus will hurt the mass transit movement and dense urbanism that was becoming more popular throughout the states, encourage more telecommunicating, and more meetings will now be done online. This will also allow businesses to truly see with just how little they can operate and cut the fat.

[BBatesokc]

I really wonder about sports.

Virtually every game is televised now anyway and ticket prices have become absurd for all pro and most college games.

They were already struggling because people now have great home theater systems and have a better seat in their living room.

And on top of all that, there will be legitimate health concerns for at least a couple more years.

Does not bode well and I'd place movie theaters in the same category.

The public has very short memories. Heck, even in the middle of the pandemic and stay at home orders, the public in many areas is still carrying on as usual.

There will be those people who will don a mask and gloves in public for the foreseeable future. But we had our tinfoil hat wearing, hypersensitive segments of the population before all this started.

I think we may gain a new appreciation that may cause certain industries to decline and others to gain traction, but I don't see a germ/virus phobia taking hold in the way you predict. I do think those at enhanced risk will remain cautious for awhile - but, many also will not. To this day, it's a daily fight to keep my 94 year old grandfather from going out in public. He couldn't give two sh**s about the virus and he has 100% of his mental and physical faculties.

If the movie theaters and public spaces opened tomorrow I would be one of the first in line. I don't deny the presence of the virus, I simply don't let it rule my life or redefine how I live.

There will be a lull in people 'getting back to normal' - but look back in a year and much will be the same as it was prior.

[FighttheGoodFight]

I think the big thing will be parents clamoring to reopen schools for the Fall. I am thinking parents are not going to do another semester of at-home distance learning.

People are starting to get stir crazy and I think we will see the shift to reopen (in some small fashion) at least by the end of May.

[Pete]

I think the big thing will be parents clamoring to reopen schools for the Fall. I am thinking parents are not going to do another semester of at-home distance learning.

People are starting to get stir crazy and I think we will see the shift to reopen (in some small fashion) at least by the end of May.

Many cannot go back to work unless their kids are at school.

I'm quite sure almost all schools will reopen in August.

[jerrywall]

I think the big thing will be parents clamoring to reopen schools for the Fall. I am thinking parents are not going to do another semester of at-home distance learning.

People are starting to get stir crazy and I think we will see the shift to reopen (in some small fashion) at least by the end of May.

I think it may be sooner than that. I'm already seeing a lot of discussion from folks who have been very supportive of the lockdown and take this very seriously, and even they are talking about getting anxious and ready to start opening things up. I think two more weeks of this and folks locally, especially if the numbers don't shoot up, will really be pushing for some loosening.

(Understand I'm not endorsing that opinion - just anticipating it).

[AP]

I'm not sure about the full timeline for stimulus checks, but mine is pending today. So at least they've started.

[Thomas Vu]

I'm not sure about the full timeline for stimulus checks, but mine is pending today. So at least they've started.

Where can you check the status of that?