by Brodlach » Wed Mar 18, 2020 8:56 pm
Brodlach wrote:Rory Laird might end up the best IMO, he is an absolute jet. He has been in great form at the Bloods
by Corona Man » Wed Mar 18, 2020 8:57 pm
by Q. » Wed Mar 18, 2020 9:05 pm
Trader wrote:There are studies that suggest flattening the curve will see the mortality rate drop from 3% to 2.5%.
Assuming 60% of people catch it, that change from 3 to 2.5% will "save" in the order of 75,000 Australians. A substantial amount by anyone's count.
On the flip side, there are other studies that show unemployment increases the death rate by as much as 20%.
If you completely crash the economy and unemployment jumps 5%, out of a labour force of 15m, that's 750,000 extra unemployed, if 20% of them die as a result, that's 150,000.
I'm not sure you can say with certainty either set of numbers is correct. We've never seen CoronaVirus so can't say how beneficial flattening the curve will be, if 60% of people will catch it, etc. Similarly, the numbers around the increased risk of death from being unemployed, over what period, etc.
Therefore, you have to take the two 'results' with a grain of salt, but the takeaway should be you can't focus on one and completely ignore the other.
Flattening the curve is important, as is ensuring we don't send 100s of thousands of people into unemployment.
by Dutchy » Wed Mar 18, 2020 11:01 pm
Trader wrote:
Facebook? Nah, I blame the scientists who do these studies and then release results saying Covid-19 can survive on plastic for 3 days. They are the nutbags leading to people not wanting to handle money...
Source
by saintal » Wed Mar 18, 2020 11:14 pm
Dutchy wrote:Just went to a Bakery, they are refusing to take cash, card only, well they missed out on my sale and a few others...just dumb..
by mal » Wed Mar 18, 2020 11:42 pm
by Bum Crack » Thu Mar 19, 2020 7:20 am
by Footy Chick » Thu Mar 19, 2020 8:51 am
Bum Crack wrote:Wouldn't it be nice if the banks put a freeze on all mortgage payments for small business and home owners for 6 weeks. That would be a nice stimulus package. Surely they could wear that and they'd still make a billion dollar profit.
Gatt_Weasel wrote:if they (Walkerville) dont win the flag ill run around the block of my street naked :) you can grab a chair and enjoy the view
by Brodlach » Thu Mar 19, 2020 8:54 am
Bum Crack wrote:Wouldn't it be nice if the banks put a freeze on all mortgage payments for small business and home owners for 6 weeks. That would be a nice stimulus package. Surely they could wear that and they'd still make a billion dollar profit.
Brodlach wrote:Rory Laird might end up the best IMO, he is an absolute jet. He has been in great form at the Bloods
by Booney » Thu Mar 19, 2020 9:01 am
by Jim05 » Thu Mar 19, 2020 9:33 am
by Q. » Thu Mar 19, 2020 9:49 am
Jim05 wrote:Qantas has followed Virgin Australia and cut all International flights and on the process has put off 2/3 of its staff.
by David Brent » Thu Mar 19, 2020 9:51 am
Bum Crack wrote:Wouldn't it be nice if the banks put a freeze on all mortgage payments for small business and home owners for 6 weeks. That would be a nice stimulus package. Surely they could wear that and they'd still make a billion dollar profit.
by Jim05 » Thu Mar 19, 2020 9:52 am
That will be needed to keep domestic routes in operation. Most people aren’t aware of how close both Virgin and Qantas are to going under if this keeps upQ. wrote:Jim05 wrote:Qantas has followed Virgin Australia and cut all International flights and on the process has put off 2/3 of its staff.
So, what exactly were taxpayers footing $715 million for?!
by Footy Chick » Thu Mar 19, 2020 10:16 am
Jim05 wrote:That will be needed to keep domestic routes in operation. Most people aren’t aware of how close both Virgin and Qantas are to going under if this keeps upQ. wrote:Jim05 wrote:Qantas has followed Virgin Australia and cut all International flights and on the process has put off 2/3 of its staff.
So, what exactly were taxpayers footing $715 million for?!
Gatt_Weasel wrote:if they (Walkerville) dont win the flag ill run around the block of my street naked :) you can grab a chair and enjoy the view
by Jim05 » Thu Mar 19, 2020 10:20 am
Qantas are only a couple of months behind them. Qantas has the advantage of owning all its fleet whereas Virgin leases a few of its aircraft but on the flip side Qantas relies on its International routes more than Virgin to make a profit.Footy Chick wrote:Jim05 wrote:That will be needed to keep domestic routes in operation. Most people aren’t aware of how close both Virgin and Qantas are to going under if this keeps upQ. wrote:Jim05 wrote:Qantas has followed Virgin Australia and cut all International flights and on the process has put off 2/3 of its staff.
So, what exactly were taxpayers footing $715 million for?!
I was listening to an aviation expert a couple of days ago and they suggested that Virgin would only last about 3 weeks if they had to completely ground it's fleet - they still have bills to pay (planes aren't cheap) and they still have to pay to keep them parked.
Would be interesting to know how far QANTAS are behind them.
by whufc » Thu Mar 19, 2020 10:21 am
Jim05 wrote:Qantas has followed Virgin Australia and cut all International flights and on the process has put off 2/3 of its staff.
Tasmania has enacted the toughest border laws in the country and anyone heading there from Sunday midnight will need to self isolate for 14 days
by Footy Chick » Thu Mar 19, 2020 10:27 am
whufc wrote:Jim05 wrote:Qantas has followed Virgin Australia and cut all International flights and on the process has put off 2/3 of its staff.
Tasmania has enacted the toughest border laws in the country and anyone heading there from Sunday midnight will need to self isolate for 14 days
Apparently QANTAS isn't offering refunds, only credits and vouchers. Will be interesting to see if the government step in on that one.
Gatt_Weasel wrote:if they (Walkerville) dont win the flag ill run around the block of my street naked :) you can grab a chair and enjoy the view
by whufc » Thu Mar 19, 2020 10:33 am
Footy Chick wrote:whufc wrote:Jim05 wrote:Qantas has followed Virgin Australia and cut all International flights and on the process has put off 2/3 of its staff.
Tasmania has enacted the toughest border laws in the country and anyone heading there from Sunday midnight will need to self isolate for 14 days
Apparently QANTAS isn't offering refunds, only credits and vouchers. Will be interesting to see if the government step in on that one.
This is where are LOT of people are going to lose out.
A lot of cruise liners and the airlines are only offering credits - okay, sounds fine but if all these guys go broke - there's NO cover under any travel insurance for bankruptcy of travel providers, travel agents and tour operators.
by Booney » Thu Mar 19, 2020 10:48 am
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