Coronavirus

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Boris...

  • should completely lock us down immediately and fook up all our Christmas'

    Votes: 3 12.5%

  • let the bodies stack high

    Votes: 13 54.2%

  • lock us down from the 29th to fook up Treble's plans

    Votes: 8 33.3%
  • Total voters
    24
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Tel said:
Small firm doing an extension across from mine, couple of builders singing along to the radio and a skip wagon pulled in to exchange. That might seem like **** all to many on here but on this sunny day it’s given me a nice little lift.

Matthew would be livid obviously, at the thought of a builder working on a week day afternoon.
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They might even work on a Friday afternoon now the pubs are shut.
 
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JakartaToon said:
Don't we just all borrow money off China, like most countries have been doing for years?
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Billions upon billions in debt will simply have to be written off.

There are ways of doing this without completely undermining the world economy’s current financial arrangements. Countries rendered insolvent by debt could be allowed to issue their creditors with government bonds in perpetuity - bonds that never have to be paid back, though modest interest could be paid on them annually.

An idea from the Credit Crunch (remember that) which could be resurrected, is that of creating “bad banks” for non performing loans (NPLs), ring fencing those to prevent contagion of the wider banking sector. Just dump the debt in a hole and let the speculative bankers take the hit, whilst protecting the public service banking sector which can, and in the case of RBS for example already has, be brought into public ownership.

Meanwhile, expect Trump to unilaterally declare that the US will withdraw funding and support to the IMF, the WTO, and the UN.

Remember that the Bush administration let Lehman Brothers go to the wall, before bowing to international pressure to abandon laissez faire capitalism and find another way out of that particular crisis. A crisis the world’s economy is very much still in as it happens.

Interesting times. The world is actually being given an opportunity to rethink and recalibrate capitalism so that it serves the interests, globally, of the many not the few. Will we take the chance?
 
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Archers Road said:
Billions upon billions in debt will simply have to be written off.

There are ways of doing this without completely undermining the world economy’s current financial arrangements. Countries rendered insolvent by debt could be allowed to issue their creditors with government bonds in perpetuity - bonds that never have to be paid back, though modest interest could be paid on them annually.

An idea from the Credit Crunch (remember that) which could be resurrected, is that of creating “bad banks” for non performing loans (NPLs), ring fencing those to prevent contagion of the wider banking sector. Just dump the debt in a hole and let the speculative bankers take the hit, whilst protecting the public service banking sector which can, and in the case of RBS for example already has, be brought into public ownership.

Meanwhile, expect Trump to unilaterally declare that the US will withdraw funding and support to the IMF, the WTO, and the UN.

Remember that the Bush administration let Lehman Brothers go to the wall, before bowing to international pressure to abandon laissez faire capitalism and find another way out of that particular crisis. A crisis the world’s economy is very much still in as it happens.

Interesting times. The world is actually being given an opportunity to rethink and recalibrate capitalism so that it serves the interests, globally, of the many not the few. Will we take the chance?
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I always remember back in the last financial crash, the football club I support owed millions, somehow since then it mysteriously disappeared. Obviously I mustn't speculate for fear of being sued. One theory is the bank wrote most of it off, I hasten to add that I read that somewhere <whistle>

It just goes to show, when needs must, what is debt, just numbers, cross a line through it, start again, worse case scenario get printing. :bandit:
 
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Archers Road said:
What you should be asking is, how much easier would it be to prevent the infection coming in if testing was available for the people that work there?
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On the money. Our old girls home was on lockdown for a month before the coronavirus lock down because they had a couple of novavirus cases diagnosed.

Only people going in or out are the staff who, to date, have had no testing and have woefully inadequate non-government PPE ... those that develop symptoms then self isolate but by that time it's really too late
 
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brb said:
I always remember back in the last financial crash, the football club I support owed millions, somehow since then it mysteriously disappeared. Obviously I mustn't speculate for fear of being sued. One theory is the bank wrote most of it off, I hasten to add that I read that somewhere <whistle>

It just goes to show, when needs must, what is debt, just numbers, cross a line through it, start again, worse case scenario get printing. :bandit:
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It’s called a debt “haircut” <ok>
 
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Looney Leftie said:
Same,
It was due an MOT the week the lock down started and then go back 2 weeks ago. I haven't driven it in a month.
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At first they told us we would have to insure it and sort out the MOT and service. I pointed out that I couldn't MOT or service it as we were in lockdown plus why the **** should I pay to service and MOT a car that they were supposed to collect and, which if they had done, was within the time limit that I didn't need to pay for a car we were returning (the new one was delivered a few hours before lockdown was announced). They said to just insure it, which we couldn't as we couldn't get through to Admiral who were dealing with much bigger problems. My solicitor mate said it was a grey area in law but that we should insure it up to the collection date or, to be extra safe, the end of the contract which was 4 days later, which would cover any common law duty to look after their goods. The problem was fixed when they texted to say they had made arrangements to cover insurance and we didn't have to worry about tax and servicing.

What they will do is hammer every lease car owner on minor repairs and damages just to recoup some of their depreciation losses.
 
PISKIE said:
There are so many tragic stories involved in this event. It's completely heartbreaking to think of the folk who have been married for 50-60 years and can't even say goodbye to their life partners, or they are trapped in Care homes where they can't visit and might never see them again. It's very difficult to take all of those personal stories on board.

I truly count my blessings that I'm relatively young, fit and healthy, live in a very isolated part of the country with access to the expanse of the outdoors and I've got a safe and loving home with my missus and daughter. Also whilst my Mum is in an at risk category, she's just round the corner in a nice house with a garden, where I can visit and keep an eye on her.

I've got it very easy compared to some and my heart truly goes out to them.
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my brother is in a care home and I haven’t been able to see him for nearly a month as the care home banned any physical contact right at the outset of this pandemic (very forward thinking) and the only thing I can do is leave stuff near the front door and call and say I have left stuff for him and the staff - beers wine and chocolate seems to go down well.
I hope he gets through this, as I do everyone else in here and their fams.
 
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Archers Road said:
What you should be asking is, how much easier would it be to prevent the infection coming in if testing was available for the people that work there?
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It's circular logic, and I've pointed to my ex's (and my daughter's) experiences in not being allowed to get tested. You send staff in without PPE, you know it's more than likely that they'll catch it doing their duties: but if you refuse to test as much as possible, you can keep up the weasily pretence that maybe staff are catching it at home, or at Tesco's.

There'll doubtless be some double-speak report in a year's time that'll say because we couldn't test NHS staff (and key workers) early enough, we'll never know where they caught it. And this deeply, cynical, cold calculation will be vindicated. But again, I'm reminded of Chernobyl and when the miners wouldn't go in until they knew the odds - then they all went in anyway. I believe our NHS staff would still do their jobs: that weasel Hancock should just be honest for the reasons they've gone in woefully unprepared so far, and admit that decision not to be honest was political, not operational.
 
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