Buffalo_Gal Posted June 5, 2020 Posted June 5, 2020 Summer school can happen in Illinois (limited in-person instruction). </snip> In accordance with Phase Three of the state's reopening plan and public health guidance, the number of individuals in one space will be limited to ten or fewer. Additionally, schools will be required to ensure compliance to social distancing guidelines "to the greatest extent possible." </snip> 1
SoCal Deek Posted June 5, 2020 Posted June 5, 2020 15 hours ago, B-Man said: These rarely do...but this made me laugh! Looks like some aggressive police tactics there for sure. 1
SoCal Deek Posted June 5, 2020 Posted June 5, 2020 You don’t think this is all political? I have branch offices in the four major cities in California. Our Southern California office in suburban Los Angeles returned to work this week. (LA County is the only thing close to ‘hot spot’ in the entire state.) But, my Northern California offices are still on orders to stay closed. There wasn’t a single death and virtually no new cases in all of Sacramento or the entire Bay Area yesterday and their overall Covid numbers look more like rural Montana than they do NYC. Why are these people at home and these businesses still closed?
Magox Posted June 5, 2020 Author Posted June 5, 2020 Holy Crap! Quote Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3% according to data Friday from the Labor Department that was far better than economists had been expecting and indicated that an economic turnaround could be close at hand. Economists surveyed by Dow Jones had been expecting payrolls to drop by 8.333 million and the unemployment rate to rise to 19.5% from April’s 14.7%. If Wall Street expectations had been accurate, it would have been the worst figure since the Great Depression. As it turned out, May’s numbers showed the U.S. may well be on the road to recovery after its fastest plunge in history. Stock market futures burst higher following the report and indicated an open of nearly 600 points higher for the Dow Jones Industrial Average. The May gain was by far the biggest one-month jobs gain in U.S. history since at least 1939. If the hole is not as deep as feared to dig ourselves out of, we could possibly see 8% unemployment over the next 6 months. What a blockbuster and surprising number! 2 3
snafu Posted June 5, 2020 Posted June 5, 2020 On 6/1/2020 at 9:33 AM, plenzmd1 said: BTW, i really like Muhammad El-Erain, wicked smart dude. NYJets fan from what I recall.
Magox Posted June 5, 2020 Author Posted June 5, 2020 On 6/1/2020 at 9:33 AM, plenzmd1 said: This piece nails what my thoughts have been since about mid to late April, when real data and facts started to emerge and decisions could be based on science and not models.These lockdowns, while not scientifically correct, also disproportionately affect those at the lower end of the economic spectrum. The very same people "far left liberals" pretend to always fight for, are getting devastated , and may not recover. BTW, i really like Muhammad El-Erain, wicked smart dude. https://www.foreignaffairs.com/articles/united-states/2020-06-01/great-unequalizer I'm a huge fan of Muhammad El-Erian. I remember when he used to be with PIMCO and whenever he or Bill Gross had something to say, I listened. These guys for me are some of the most brilliant macro analysts in the world. Typically, the bonds guys are the cream of the crop. 1
snafu Posted June 5, 2020 Posted June 5, 2020 20 minutes ago, Magox said: Holy Crap! If the hole is not as deep as feared to dig ourselves out of, we could possibly see 8% unemployment over the next 6 months. What a blockbuster and surprising number! I think a good portion has to do with the Payroll Protection $$ coming through and employers offering jobs back to their staff. I think Congress is mumbling about keeping the unemployment $600 kicker in place beyond July. If they let that expire, then people intentionally sitting on the sidelines will come flooding back to work. Then if they announce schools will be in-person come September, all stops are out (except for a big re-spike in Covid, which I don’t think will happen). 1
Reality Check Posted June 5, 2020 Posted June 5, 2020 2 minutes ago, Magox said: This makes me happy Paul Krugman. Legendary economic "expert". These experts need to have annually released trading cards with their batting averages on them. 1
RiotAct Posted June 5, 2020 Posted June 5, 2020 29 minutes ago, Magox said: Holy Crap! If the hole is not as deep as feared to dig ourselves out of, we could possibly see 8% unemployment over the next 6 months. What a blockbuster and surprising number! that’s excellent. Everyone should be thrilled with these numbers 3
Magox Posted June 5, 2020 Author Posted June 5, 2020 Just now, RiotAct said: that’s excellent. Everyone should be thrilled with these numbers The beauty is that "The resistance" left are all melting down on twitter. I have to admit, after a very depressing week or so, a respite was sorely needed. 3
RiotAct Posted June 5, 2020 Posted June 5, 2020 13 minutes ago, Magox said: The beauty is that "The resistance" left are all melting down on twitter. I have to admit, after a very depressing week or so, a respite was sorely needed. believe me, my statement was made firmly tongue-in-cheek ? 1
B-Man Posted June 5, 2020 Posted June 5, 2020 JEFFREY SINGER: Coronavirus lockdowns have obvious costs and unseen costs too.
B-Man Posted June 5, 2020 Posted June 5, 2020 NOBODY'S GOING TO LISTEN TO THEM AGAIN, ARE THEY? Suddenly, Public Health Officials Say Social Justice Matters More Than Social Distance: For months, health experts told Americans to stay home. Now, many are encouraging the public to join mass protests. The Social Justice Virus is more destructive than Covid. Any field it infects is ruined. 3
Magox Posted June 5, 2020 Author Posted June 5, 2020 I think Trump has been wanting to get this off his chest for a while. lol 2
Buffalo_Gal Posted June 5, 2020 Posted June 5, 2020 2 hours ago, Buffalo_Gal said: I missed this... Trump just said he will be signing the changes. 3
B-Man Posted June 5, 2020 Posted June 5, 2020 SOCIAL-DISTANCING IS FOR THE LITTLE PEOPLE: and for those posters here who like to misconstrue what is being said to fit their own bias. I am in favor of the Floyd funeral. open everything back up. 5
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