| LIFE CV-19: Effects on life, work, and sports

[It Takes Eleven]

Imagine what happens to Vegas when all the conferences pull the plug.

They have. Casinos have closed, plus no NFL draft there.

 

[PurlJam]

With all that being said, general cleanliness and social distancing, seems to be the correct course of action. Sucks for the sports aspect of it, but probably the best thing to do.

That's not gonna happen as long as there's TP available on the aisles at all the Walmart's.

 

[planomateo]

They have. Casinos have closed, plus no NFL draft there.

Not yet. Many have shutdown for two weeks. Some have shutdown until further notice.

 

[planomateo]

You said it, record profits and still riddled with debt. I understand airlines are essential to business, but a $50B bailout is ridiculous. I would rather see student loan debt be forgiven than continuously allowing a business running in debt being bailed out. Just like home builders, they should have saved during these big time highs and prepared for the lows. I rarely ever fly, so my tax dollars bailing the industry out pains me. Free up some student loan debt and I bet you $50B the economy roars.

Bailout doesn't mean 100% grant/gift. The numbers I've seen suggests $25b in grants and $25b in loans. I don't like the idea of gifting them $25b.

 

[50+yeartidefan]

Free up some student loan debt and I bet you $50B the economy roars.

The economy will come back like gang busters....but a year away....
And student debt...forgiven.....why?
Just make payments delayed for 6 months....

 

[It Takes Eleven]

Not yet. Many have shutdown for two weeks. Some have shutdown until further notice.

They're shut down today, taking a couple of days to clear out the hotels. I think it's the MGM that's not taking room reservations any earlier than May 1st. One of my boys travels the country playing at medium to large bar and smaller casino venues. I'm thinking he's out of a job (at least the upcoming Vegas gig) - he got back yesterday from ten days in Key West - although he'll be in North Dakota this weekend, they haven't closed yet. I may just make him stay up there, just one case in ND.

 

[It Takes Eleven]

The economy will come back like gang busters....but a year away....
And student debt...forgiven.....why?
Just make payments delayed for 6 months....

Correct, any benefit would be delayed and gradual. If you were to forgive $50 billion in debt, the only direct injection into the economy would be the relief from monthly payments. For example, if that $50 billion was to contractually pay over 20 years at an average rate of five percent, for example, the collective monthly payment would be about $328.6 million a month. Over the course of a year, that would be about $4 billion in payments that would not need to be made, a far cry from a $50 billion direct intervention. The "cash" from forgiveness would either reduce Sallie Mae's ledger or real cash would go to private lenders.

RTR,

Tim

 

[#80]

Bailout doesn't mean 100% grant/gift. The numbers I've seen suggests $25b in grants and $25b in loans. I don't like the idea of gifting them $25b.

If I'm not mistaken the gov't made money on the auto bailout.

 

[planomateo]

If I'm not mistaken the gov't made money on the auto bailout.

I'll never buy a General Motors vehicle ever after that shit show.

 

[MunchyOs]

How is West Virginia still at 0 confirmed cases? Of course, the painfully obvious answer is the same as Alabama's was last week. Little to no testing. But, even with that being the case, and the US's numbers on the steady rise, you would think there would at least have been 1 confirmation there by now.

 

[It Takes Eleven]

If I'm not mistaken the gov't made money on the auto bailout.

Taxpayers put out $80 billion to the auto industry, lost about $10 billion of it. In total, including the banking sector, the government received more than it payed out.

 

[MunchyOs]

The POTUS has finally acknowledged what some have been saying for a while. "This is a bad one. This is a very bad one."

And says "People are talking about July, August, something like that". Need to watch the interview to get the context.

He said to avoid groups of 10 or more...goodness.

Aggressive investing once we turn the corner, I need to make up for a HUGE hit. Once in a lifetime moment if you have the money.

If there is a silver lining in all of this, it would be the investment opportunities that lie ahead. Anybody that is in a position to do so, I say go for it.

 

[OldPlayer]

They have. Casinos have closed, plus no NFL draft there.

NFL Draft is still being held there. Just no fans in attendance.

 

[RTB X Bot]

 

[RTB X Bot]

 

[XXL TideFan]

Just wait until virus starts hitting the homeless encampments.

 

[footballer]

President Trump has already forgiven the interest on government student loans. When it comes to industry bail outs, I would need to look at all their books and evaluate any and all assets before I handed them anything.

 

[planomateo]

Not a surprise that they're going to cancel through the end of this school year. What else can they do?

 

[planomateo]

 

[JoshB]

We're talking about working from home now.