“In a key concession to the administration, Democrats have agreed to $25 billion in grants to U.S. airlines and $4 billion for cargo air carriers, according to text excerpt of the emerging deal”
A grant is not a loan, boss
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“In a key concession to the administration, Democrats have agreed to $25 billion in grants to U.S. airlines and $4 billion for cargo air carriers, according to text excerpt of the emerging deal”
A grant is not a loan, boss
Not a chance, you make too much money. No soup for you!
Your income will be too high to qualify
Link?
Senator minority leader actually said that they had bipartisan support for the bill over the weekend and that's why it went to a vote. unfortunately, Pelosi came in a squashed it completely.
This is why we need term limits, too much ****ing around and pushing agendas. Just get **** done that helps both people and businesses for a short time. We we don't need long term government programs or unnecessary pork in bills.
As Emanuel once said, never let a good crisis go to waste.
This is why we need term limits, too much ****ing around and pushing agendas. Just get **** done that helps both people and businesses for a short time. We we don't need long term government programs or unnecessary pork in bills.
As Emanuel once said, never let a good crisis go to waste.
What are the income limits? Where do I get this info?
Who knows, I'm just guessing they aren't going to relieve someone of debt who makes over 200k
Senate on cusp of coronavirus stimulus deal after agreements in key areas
Senate Minority Leader Charles Schumer (D-N.Y.) and Treasury Secretary Steven Mnuchin are on the cusp of a deal for a massive coronavirus stimulus package after settling disagreements over rel…
thehill.com
I was in fellowship last year. Didn't make that much.
looks like recession is over. its defintiely starting to look ilke that V shape curve many of us were expecting
Right....
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deleted126335
A bounce in the stock market fueled by a bunch of printed money doesn't mean much unless you are a trader or hit a rebalancing threshold.
When Hospitals start dismantling recently added ICU capacity and Governors start relaxing restrictions is when economic optimism is justified.
the rest of the economy will go on as before, leaving hospitals in hard hit areas to die. no one will even notice a pandemic is happening except for healthcare workers and people with deaths in family. that seems to be the direction we are giong
italy has been downtrending for past few days
honestly it almost felt like it was over on teh way to work today. for some reason way more cars on the road, way more people on subway than last few days
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Dude WTF? Blaming the "left" when the "right" is just as bad! Everyone wants their pork!
$60,000 and $149,000 seem like very arbitrary numbers anyway.
It's still going to get worse before it gets better....a lot worse IMHO.
As a side note, anyone who was holding long positions or options overnight made a killing today
The short positions are looking really tasty right now, going to buy in and make another killing as the markets crumble later in the week
recession is a measure of GDP, not S&P 500. We haven't even started to drop our GDP because it is measured retrospectively, but it's definitely taking a massive hit. I mean companies revenues in March and April are going to take a massive hit and it's basically a sure thing we hit technical definitions of a recession.
The thing with the stock market, though, is that all of that is already known and why we dropped so far so fast. It's quite possible that we have already seen the bottom of the market drop before we even started the recession, although I try to never make short term market predictions.
I feel the White House inner circle used "the good of the many outweighs the good of the few" logic.
Which is the lesser of two evils (or, which provides the most benefit for the many at the expense of the unfortunate few)?
A) Shutting down the economy for ## time period (potentially causing grievous long-lasting financial harm, widespread unemployment, etc) to flatten the curve, for the expressed purpose of saving ## lives by not overwhelming our hospitals?
- OR -
B) While acknowledging the human toll, coming to the conclusion that the financial/economic stability of the country is more important thus it's back to business as usual, while at the same time acknowledging a few extra million citizens might perish in the near future as our hospitals are overwhelmed in the short term?
Added to the calculus is how the White House viewed their options through the lens of upcoming election season. I feel the current administration's inner circle felt they have a greater chance at reelection by going with option B, while again not downplaying the human toll it exacts.
Which is the lesser of two evils (or, which provides the most benefit for the many at the expense of the unfortunate few)?
A) Shutting down the economy for ## time period (potentially causing grievous long-lasting financial harm, widespread unemployment, etc) to flatten the curve, for the expressed purpose of saving ## lives by not overwhelming our hospitals?
- OR -
B) While acknowledging the human toll, coming to the conclusion that the financial/economic stability of the country is more important thus it's back to business as usual, while at the same time acknowledging a few extra million citizens might perish in the near future as our hospitals are overwhelmed in the short term?
Added to the calculus is how the White House viewed their options through the lens of upcoming election season. I feel the current administration's inner circle felt they have a greater chance at reelection by going with option B, while again not downplaying the human toll it exacts.
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If you provide emergency financial assistance almost across the board to everybody, what "grievous long-lasting financial harm" would be done to the system? It's by definition temporary in nature and unlikely to have any long lasting impact.
This is not a normal financial crisis compared to something like 2008 where we had fundamental problems in the financial sector that threatened to basically put almost every bank in the country out of business. This is a everything is literally unchanged in the economy except we are emergently locking people in their house for a little bit to let a viral infection clear out and then you can go back to your exact same job scenario. The thing is you just need to support people through the temporary disruption.
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deleted643396
Isn’t that exactly what Toyota did when their cars were accelerating people to their deaths about 10 years ago?
I want them all to just pass what is needed. No more. I hate all these PORK bills but I guess we need one. Leave out the agendas and pass the bill.
Lots of nonsense. Now is not the time for carbon footprints or pet projects. If you want funding for other things, put the funding in other bills.
Forcing companies to become "woke" has nothing to do with Capitalism or Covid 19. Have you read the bill? The "woke" agenda is part of it forcing companies to hire board members based on the color of their skin or sexual orientation. Also, the "Green new Deal" has no place in a Covid 19 bailout bill.
I have no issues with the left calling them out on this fact. That's why we have political parties- checks and balances.
Trump is going to have to pull a rabbit out of his arse he wants to win In November.
Good thing I identify as a minority (type as of yet undecided) woman who just so happens to be a lesbian.
I only look like a white male married to a woman.
Who are you to judge me and tell me that I am not? In fact, I am offended that you are even questioning me, and if this continues, I will sue you for discrimination.
Our economy won’t be opening anytime soon. Complete ban on elective surgeries by the governor (enforced by the power of the medical licensing board ). I think it will take at least 2 months and likely more before we are seeing cases again.....
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deleted643396
Governor Cuomo gives much better daily updates than anything coming out of the federal government at this point. The situation in New York is dire, but the rest of the country may not be far behind. He gives concrete numbers and lays out a plan not only for combating the pandemic nationwide, but for restarting the economy. It’s worth a watch.
Trump: I could 'shoot somebody and I wouldn't lose voters'.
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deleted171991
This is an admission that the experiments are not working:
www.nbcnews.com
New York will be first state to test treatment of coronavirus with blood from recovered patients
The method dates back more than a century, but it has not been used widely in the United States in decades.
www.nbcnews.com
The experiments are working to some degree but this would be akin to using IVIG for a patient when steroids and all other methods fail. The current treatments seem to provide some benefit but are not a cure.This is an admission that the experiments are not working:
New York will be first state to test treatment of coronavirus with blood from recovered patients
The method dates back more than a century, but it has not been used widely in the United States in decades.
So help me understand. Why aren't governments fully treating the covid 19 pandemic as a wartime situation and dramatically increase the manufacturing of vents, PPEs and other essential supplies? That should improve the morale and reduce the panic over the disease.
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deleted59964
“I’d love to have it open by Easter,” Trump said during a Fox News town hall on Tuesday. "It’s such an important day for other reasons, but I’ll make it an important day for this too."
"We lose thousands and thousands of people a year to the flu," Trump said. "We don’t turn the country off.
“We lose much more than that to automobile accidents. We didn’t call up the automobile companies and say, ‘Stop making cars, we don’t want any cars anymore.’ We have to get back to work."
He continued: "Our people are full of vim and vigour and energy.
"They don’t want to be locked in a house or an apartment or some space."
Looks like Trump plans on just letting the virus run it's course and getting the USA back to work.
He's correct that the economic fallout of a prolonged shutdown will be immense, but the human cost of not shutting down is going to be terrible.
what a disaster.
"We lose thousands and thousands of people a year to the flu," Trump said. "We don’t turn the country off.
“We lose much more than that to automobile accidents. We didn’t call up the automobile companies and say, ‘Stop making cars, we don’t want any cars anymore.’ We have to get back to work."
He continued: "Our people are full of vim and vigour and energy.
"They don’t want to be locked in a house or an apartment or some space."
Looks like Trump plans on just letting the virus run it's course and getting the USA back to work.
He's correct that the economic fallout of a prolonged shutdown will be immense, but the human cost of not shutting down is going to be terrible.
what a disaster.
FFP is correct that a sustainable market bottom won't be reached until the Covid 19 caseload peaks and the curve of infections flattens. So, I still think an S and P 500 of 2100-2150 will be the bottom. This market rally may be met with some selling.
- The market has received help from monetary policy and looks on its way to aid from the fiscal side.
- However, market experts see no clear path forward without signs the coronavirus is passing.
- “We’re going to need to have to see the infections pass an inflection point,” said Vincent Reinhart, chief economist at BNY Asset Management.
- Markets rallied sharply Tuesday on hopes that Congress is close to passing stimulus.
Many experts agree with you and are advocating for a total shut-down now:
- Doctors warned that U.S. coronavirus deaths could dramatically increase if the Trump administration relaxes guidelines designed to limit the spread of the COVID-19 outbreak.
- “If you don’t keep the restrictions or make them stricter, you’re going to have more people infected, hospitalized, and dying from the disease,” said Dr. Tina Tan of the Infectious Diseases Society of America.
- President Donald Trump said: “I would love to have the country opened up, and just raring to go, by Easter.”
supposedly there is a prediction of a large inflow of cash to equities as the end of the quarter approaches and lots of rebalancing is set to automatically occur
Joke's still on you, not everybody has filed 2019 taxes and the IRS has extended the deadline by 3 months.
Eligibility for the sweet, sweet government cheese will be based on 2018 AGI. No soup for you!
Windmills, Emissions, and Cultural Diversity.... What an f-ing idiot. And these are the people that make fun of the stable genius.
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deleted941485
As Rahm Emmanuel would say, never let a crisis go to waste.
I've always felt it has to eventually swing towards Option B unless you are an anarchist, but it won't be business as usual. We are in the infancy of this, tens of thousands. Let's talk when it's many millions, hospitals are overflowing, and granmas are dying on cots in convention centers. There will be a functioning economy but certainly no large group gatherings; sports leagues, concerts, cruise ships, conventions, etc. Travel would remain down to a fraction. It will still be a huge economic hit in numerous ways.
Let's hope for a Plaquenil type miracle and all of this speculation is of no relevance.
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Joe Biden: That's nothing. I don't remember my name, the current year, or what planet I'm on, and I won't lose voters, either.
If the market re-tests the lows 2150 will hold. I think the bottom is in people but we will re-test again (maybe 2 more times). I'll be using a lot of my remaining powder at 2150. For those that buy equities near the low on the next re-test there will be huge gains over 12 months.
JobsFan/FFP are correct in that the stock market hasn't reached a true bottom. 2150 is still likely to be tested. That is your opportunity.
POINTS
POINTS
- Stocks are showing some signs of finding a bottom and markets are looking better with some improvements in credit and buying interest in stocks.
- The market has been lifted by the promise of a big stimulus program from Washington and a huge blast of monetary stimulus from the Federal Reserve.
- Strategists warn it could be a temporary bottom, and there will be no real bottom until it is clear new coronavirus cases in the U.S. have peaked.
We got an email from one of our group members that the bill contains Surprise Billing Regulation in it with insurance companies having sole deciding power over reimbursements without any sort of independent regulation. Anybody else hearing this?
Unfortunately we just had a similar bill pass here in Indiana
Unfortunately we just had a similar bill pass here in Indiana
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deleted941485
Where?
