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Wonder how many businesses will be shuttering their doors under second wave

Posted on 6/27/20 at 3:24 pm
Posted by Mizzoufan26
Vacaville CA
Member since Sep 2012
17222 posts
Posted on 6/27/20 at 3:24 pm
Obviously the first wave took a toll, there was quite an attempt by the Executive branch to keep everything stabilized. As businesses reopen and now face potential for closing again in certain areas.you have to wonder how many will be able to make it.

Also not sure how the Exec branch could possibly interject at nearly the same level again
This post was edited on 6/27/20 at 3:25 pm
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10400 posts
Posted on 6/27/20 at 4:30 pm to
The executive branch needs to say I'm not wasting another dollar on COVID 19. It's pretty much the flu.
Posted by lsu xman
Member since Oct 2006
15553 posts
Posted on 6/27/20 at 6:49 pm to
Delete, Wrong thread...
This post was edited on 6/27/20 at 6:51 pm
Posted by Mizzoufan26
Vacaville CA
Member since Sep 2012
17222 posts
Posted on 6/27/20 at 7:18 pm to
quote:

It's pretty much the flu.


2019-2020 U.S. Flu Season: Preliminary Burden Estimates

39,000,000 – 56,000,000
flu illnesses

24,000 – 62,000
flu deaths


Uh... that's a really dumb statement
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 6/27/20 at 8:14 pm to
2020 flu deaths: 0.00
Posted by supadave3
Houston, TX
Member since Dec 2005
30258 posts
Posted on 6/28/20 at 12:41 pm to
Yeah, at the point i think the 'it's just the ful' crowd needs just cool it for a bit. It's more than the flu. It's not instant death, but it's not your average flu. Even if it is, it's causing pandemonium around the world economies so you can say it's just the flu all you want, but the economy aspect is much more than a yearly flu impact, whether you chose to believe that or not.

I hope the markets don't plumment this week. I saw Beausoliau in Baton Rouge is closing until at least the end of August. I hate to see that type thing, a chef owned restaurant that busted it's arse and develped a hell of a menu, service, and atmosphere for nothing Lots of hard work down the drain and I'm pissed that I cant got there.
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
9204 posts
Posted on 6/28/20 at 5:00 pm to
quote:

It's more than the flu. It's not instant death, but it's not your average flu. Even if it is, it's causing pandemonium around the world economies so you can say it's just the flu all you want, but the economy aspect is much more than a yearly flu impact, whether you chose to believe that or not.


Yeah, and there are a growing number of patients who have finally been able to leave hospitals for home and having a litany of severe health challenges, and it is across all ages. Thickening blood, heart attacks, lung scarring/greatly reduced respiratory functioning, chronic exhaustion, etc. Seriously, time in hospital + time at home over 80 days and you can't walk 5 steps without going back to bed? Yeah, just a little flu.

To OP, I don't know but after speaking with a friend for 2 hours this weekend I would not be buying office REITs. He came into town for meetings this coming week (works for a publicly traded company and manages 50+ people) and he is positive they will stay in a remote work from home status possibly for years. No change in productivity, no reason not to stay remote, and none of his direct people want to return to the office.
Posted by Mizzoufan26
Vacaville CA
Member since Sep 2012
17222 posts
Posted on 6/28/20 at 5:44 pm to
quote:

To OP, I don't know but after speaking with a friend for 2 hours this weekend I would not be buying office REITs. He came into town for meetings this coming week (works for a publicly traded company and manages 50+ people) and he is positive they will stay in a remote work from home status possibly for years. No change in productivity, no reason not to stay remote, and none of his direct people want to return to the office.


Capability had to be acquired and expand so rapidly and was forced that executives in many areas are seeing how real the work from home possibility is for their business.

I work in a military medical clinic and there have been serious discussions about continuing this in the future now that we have all the required equipment to be successful at it
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 6/28/20 at 5:50 pm to
quote:

To OP, I don't know but after speaking with a friend for 2 hours this weekend I would not be buying office REITs. He came into town for meetings this coming week (works for a publicly traded company and manages 50+ people) and he is positive they will stay in a remote work from home status possibly for years. No change in productivity, no reason not to stay remote, and none of his direct people want to return to the office.


I dont know about never returning to the office or for years or whatever, but my firm is definitely going to a smaller foot print. We currently have about 1800 seats for 3,000 people. I know the other offices across the country that are looking for new spaces are going smaller than that.

I find this is true for many businesses.
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 6/28/20 at 5:52 pm to
quote:

there have been serious discussions about continuing this in the future now that we have all the required equipment to be successful at it

This is certainly true for my employer (higher ed on a residential campus). We have been remote for 3.5 months, and we expected to return in early August. Latest info has certain segments of the workforce remaining remote through the end of September and even longer, with people working in shifts to reduce the overall population. Density is a big concern. It’s also expensive to test people—and this cheaper to keep them working from home. I imagine this will be true for many other large workforce employers—too many people in one place will be deemed high risk through the fall.
Posted by Dandy Lion
Member since Feb 2010
50249 posts
Posted on 6/28/20 at 5:52 pm to
quote:

Also not sure how the Exec branch could possibly interject at nearly the same level again

Intervene/inject? I don't see it. I'm not happy, for sure.
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 6/28/20 at 6:44 pm to
quote:

The executive branch needs to say I'm not wasting another dollar on COVID 19. It's pretty much the flu.


the flu kills 1%...

..this thing has a mortality rate less than .05% now (depending on who you ask..and thnks to all the testing)





quote:

Wonder how many businesses will be shuttering their doors under second wave






A LOT.
This post was edited on 6/28/20 at 6:46 pm
Posted by Auburn1968
NYC
Member since Mar 2019
19479 posts
Posted on 6/29/20 at 8:04 am to
quote:

24,000 – 62,000 flu deaths


At least now, some of our idiot politicians are no longer ordering coronavirus patients into nursing homes. Now all nursing home residents are tested and staff is regularly retested. That should have been the policy immediately after the first 19 nursing home deaths in Washington State.

In NYC, 90% of the deaths were people over 65 with two or more comorbidities with an average age of 77. Random sample antibody testing put the rate of NYC infection at 21% or about 1.8 million people. No one 18 years or younger died.

It is hard to compare flu to the Wuhan coronavirus because flu kills the very young as well as the very old even with vaccines.

The good news is that deaths are declining even as extensive testing reveals many more positives with and without symptoms.
This post was edited on 6/29/20 at 8:06 am
Posted by Auburn1968
NYC
Member since Mar 2019
19479 posts
Posted on 6/29/20 at 8:18 am to
quote:

Yeah, and there are a growing number of patients who have finally been able to leave hospitals for home and having a litany of severe health challenges, and it is across all ages.


Pure anecdote, but I know 6 people who have had it and all have fully recovered. They were young to middle age. Most had very mild and brief cold like symptoms, but two suffered a flu like response.

Also, it is note-worthy for context that patients who have spent time on a vent often suffer lingering effects coronavirus or none.
This post was edited on 6/29/20 at 10:20 am
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37093 posts
Posted on 6/29/20 at 6:44 pm to
quote:

As businesses reopen and now face potential for closing again in certain areas.you have to wonder how many will be able to make it.


Most small businesses have little to no capital to fall back on. When you have no revenue, it's tough. If you can eliminate enough expenses, you can skate by for a while, but many times, you can't eliminate enough.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37093 posts
Posted on 6/29/20 at 6:46 pm to
quote:

To OP, I don't know but after speaking with a friend for 2 hours this weekend I would not be buying office REITs. He came into town for meetings this coming week (works for a publicly traded company and manages 50+ people) and he is positive they will stay in a remote work from home status possibly for years. No change in productivity, no reason not to stay remote, and none of his direct people want to return to the office.


One of my relatives works for United Healthcare, and her entire team is still working from home. They had a zoom meeting with some higher-ups last week, and were basically told, don't expect to be back at the office full-time anytime soon. They are allowed to go to the office individually for a bit of time to get needed stuff, but that's it.
Posted by supadave3
Houston, TX
Member since Dec 2005
30258 posts
Posted on 6/29/20 at 8:45 pm to
quote:

were basically told, don't expect to be back at the office full-time anytime soon. They are allowed to go to the office individually for a bit of time to get needed stuff, but that's it.



I work in one of the larger office buildings in NE Louisiana (I know, I don't need you to tell me it sucks) and we're not being told anything about returning. I can't even get my questions answered and I manage a team of 45 that used to all be in the office. We're 100% working efficiently from home and I don't see us returning any time soon. Discussions would have to at least start 30 days ahead of time and stragglers would still remain at home due to fear.
Posted by djrunner
Baton Rouge
Member since Jun 2010
5318 posts
Posted on 6/30/20 at 6:45 am to
This isn't still the first wave? You might want to read up on this disease and where it is hitting now. Is New Orleans or New York having a second wave?
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