Some Ask a Taboo Question: Is America Overreacting to Coronavirus?

[TCCGRIZ]

Current death rates:

US is 2 per million and climbing. Same as China. 622 deaths in US.

Italy is 113 and climbing. 8620 and 743 reported today.

Spain 60 per million, Germany 2, Iran 12, France 13, Switzerland 14, Netherlands 16, UK, 6, Belgium 11, Iceland 6, Luxembourg 13, South Korea 2, Japan .3, San Marino 619, Israel .2

My skepticism of China is growing.
https://www.breitbart.com/national-security/2020/03/24/21-million-chinese-cellphone-users-disappear-in-three-months-of-pandemic/

From the linked article:

"The article went on to postulate that some of the landlines might have been shut down as a consequence of the coronavirus quarantines, particularly lines used by shuttered business operations, but the sheer magnitude of the cell phone user decline makes it more difficult to explain. China Mobile, the nation’s largest carrier, reported gaining 3.7 million new accounts in December but then losing over 8 million in January and February, months in which it posted gains of 3.5 million users the previous year.

The Epoch Times considered several explanations for the loss of users, such as migrant workers who kept different cell phones for their home and work cities – necessary due to some of China’s regulations on phone service – abandoning the work phone because it was not needed during the quarantine period, or people generally canceling their phone service because they wanted to save money during the hard months.

On the other hand, the government is currently requiring citizens to use their cell phones to generate “health codes” so their movements can be tracked and permission to travel can be restricted to healthy individuals, so as U.S.-based commentator Tang Jiangyuan put it, it is effectively “impossible for a person to cancel his cellphone.”

“Dealing with the government for pensions and social security, buying train tickets, shopping … no matter what people want to do, they are required to use cell phones,” Tang noted.

except i don't know of any one, or any business, that still uses a land line in china (not saying it doesn't exist). everyone i know, no matter their age or monetary situation, has a cell phone, because that is the way business is done there (and monitored by the gov't). cash is rarely used, as online payments, via the phone, are the payment forms of choice. wechat and alipay are the most common apps they use.

Argh, Don't forget the tracking of the cell phones .and the billion surveillance cameras
The Social credit thing they have is pretty insane.
My Pastor goes to China 3-4 times a year .
If you j walk , the Chinese government knows .
Pretty scary

 

[PlayerRep]

Now is not the time for Pelosi to play games
https://townhall.com/tipsheet/katiepavlich/2020/03/23/here-are-the-details-of-nancy-pelosis-leftist-wish-list-and-it-has-nothing-to-do-with-wuhan-coronavirus-n2565543

That Evil Witch and her Husband are worth $300 Million or something like that. The Democrats could care less whether the bill passes or not. If they did, they wouldn't include all that BS in there. It needs to be simple, along the lines of relief for people and small businesses. Zero bailouts, the Airlines and Car companies have enough money.

If the bill was titled "Relief Act of 2020 For Illegal Immigrants", it would have passed the House with zero Dem's voting No, and they would be squawking on CNN and MSNBC about why the Senate hasn't voted on it yet.

All of the airlines are on the verge of bankruptcy. They have very little money left. Loans will and should be made to airlines.

HUH? None of the major players are close to bankruptcy. Where do you get that from? As of today, close of business, the market cap for them is as follows. While not every indicator of a Corporation's health is it's stock market presence, it is a health indicator.

American 5.931B
Southwest 19.45B
Alaska 3.555B
United 8.182B
Delta 17.238B

A company doesn't own or have any of its market cap. That's owed by shareholders. The markets are not close to zero, because the market believes the government is likely to help the airlines survive, or some of them, and that eventually the economy and things will recover and people will start flying again.

"Most airlines could become bankrupt before June is here"

"Iata has just released an updated report noting that beyond the top 30 players, all other airlines have weak balance sheets, high debt and barely enough cash to cover three months of operations.

In short, most of the world's airlines could be bankrupt by June."

"Germany and half a dozen other countries have also indicated they will provide financial lifelines to their carriers."

https://www.straitstimes.com/opinion/most-airlines-could-become-bankrupt-before-june-is-here

"Airline Stocks Are in a Nosedive. A Bailout Might Not Help."

"Airline stocks were in free fall on Wednesday as carriers announced more schedule cuts to conserve cash because of the coronavirus pandemic. The stocks are so cheap that the entire U.S. industry is now valued at $51 billion—a third of the market value of Walt Disney (ticker: DIS)."

That was last week. Things have gotten worse.

Airlines are too important to US life and national security to be allowed to all fail. They will get some support, soon.

https://www.barrons.com/articles/airline-stocks-government-aid-loans-grants-labor-market-cap-51584561082

 

[PlayerRep]

My skepticism of China is growing.
https://www.breitbart.com/national-security/2020/03/24/21-million-chinese-cellphone-users-disappear-in-three-months-of-pandemic/

From the linked article:

"The article went on to postulate that some of the landlines might have been shut down as a consequence of the coronavirus quarantines, particularly lines used by shuttered business operations, but the sheer magnitude of the cell phone user decline makes it more difficult to explain. China Mobile, the nation’s largest carrier, reported gaining 3.7 million new accounts in December but then losing over 8 million in January and February, months in which it posted gains of 3.5 million users the previous year.

The Epoch Times considered several explanations for the loss of users, such as migrant workers who kept different cell phones for their home and work cities – necessary due to some of China’s regulations on phone service – abandoning the work phone because it was not needed during the quarantine period, or people generally canceling their phone service because they wanted to save money during the hard months.

On the other hand, the government is currently requiring citizens to use their cell phones to generate “health codes” so their movements can be tracked and permission to travel can be restricted to healthy individuals, so as U.S.-based commentator Tang Jiangyuan put it, it is effectively “impossible for a person to cancel his cellphone.”

“Dealing with the government for pensions and social security, buying train tickets, shopping … no matter what people want to do, they are required to use cell phones,” Tang noted.

except i don't know of any one, or any business, that still uses a land line in china (not saying it doesn't exist). everyone i know, no matter their age or monetary situation, has a cell phone, because that is the way business is done there (and monitored by the gov't). cash is rarely used, as online payments, via the phone, are the payment forms of choice. wechat and alipay are the most common apps they use.

Argh, Don't forget the tracking of the cell phones .and the billion surveillance cameras
The Social credit thing they have is pretty insane.
My Pastor goes to China 3-4 times a year .
If you j walk , the Chinese government knows .
Pretty scary

argh should dig deeper for us. He knows China better than any of us, I assume.

 

[argh!]

From the linked article:

"The article went on to postulate that some of the landlines might have been shut down as a consequence of the coronavirus quarantines, particularly lines used by shuttered business operations, but the sheer magnitude of the cell phone user decline makes it more difficult to explain. China Mobile, the nation’s largest carrier, reported gaining 3.7 million new accounts in December but then losing over 8 million in January and February, months in which it posted gains of 3.5 million users the previous year.

The Epoch Times considered several explanations for the loss of users, such as migrant workers who kept different cell phones for their home and work cities – necessary due to some of China’s regulations on phone service – abandoning the work phone because it was not needed during the quarantine period, or people generally canceling their phone service because they wanted to save money during the hard months.

On the other hand, the government is currently requiring citizens to use their cell phones to generate “health codes” so their movements can be tracked and permission to travel can be restricted to healthy individuals, so as U.S.-based commentator Tang Jiangyuan put it, it is effectively “impossible for a person to cancel his cellphone.”

“Dealing with the government for pensions and social security, buying train tickets, shopping … no matter what people want to do, they are required to use cell phones,” Tang noted.

except i don't know of any one, or any business, that still uses a land line in china (not saying it doesn't exist). everyone i know, no matter their age or monetary situation, has a cell phone, because that is the way business is done there (and monitored by the gov't). cash is rarely used, as online payments, via the phone, are the payment forms of choice. wechat and alipay are the most common apps they use.

Argh, Don't forget the tracking of the cell phones .and the billion surveillance cameras
The Social credit thing they have is pretty insane.
My Pastor goes to China 3-4 times a year .
If you j walk , the Chinese government knows .
Pretty scary

argh should dig deeper for us. He knows China better than any of us, I assume.

the implementation of social credit probably got delayed by the wuhan virus problem. that will take into account your purchases to alter your credit score. relevant to egriz, purchasing booze too often will decrease one's score. people can't fake it by not using their phones, because stores have cctv with face recognition that can send info to gov't databases.

having said that, most of china is still pretty backward, and i assume there will be a lot of fuck-ups in implementation, plus workarounds found by the more clever folks.

 

[TCCGRIZ]

except i don't know of any one, or any business, that still uses a land line in china (not saying it doesn't exist). everyone i know, no matter their age or monetary situation, has a cell phone, because that is the way business is done there (and monitored by the gov't). cash is rarely used, as online payments, via the phone, are the payment forms of choice. wechat and alipay are the most common apps they use.

Argh, Don't forget the tracking of the cell phones .and the billion surveillance cameras
The Social credit thing they have is pretty insane.
My Pastor goes to China 3-4 times a year .
If you j walk , the Chinese government knows .
Pretty scary

argh should dig deeper for us. He knows China better than any of us, I assume.

the implementation of social credit probably got delayed by the wuhan virus problem. that will take into account your purchases to alter your credit score. relevant to egriz, purchasing booze too often will decrease one's score. people can't fake it by not using their phones, because stores have cctv with face recognition that can send info to gov't databases.

having said that, most of china is still pretty backward, and i assume there will be a lot of f###[#] in implementation, plus workarounds found by the more clever folks.

Crazy part is , we are probably in their database just by typing china in our respones on egriz

 

[Cuervohola]

That Evil Witch and her Husband are worth $300 Million or something like that. The Democrats could care less whether the bill passes or not. If they did, they wouldn't include all that BS in there. It needs to be simple, along the lines of relief for people and small businesses. Zero bailouts, the Airlines and Car companies have enough money.

If the bill was titled "Relief Act of 2020 For Illegal Immigrants", it would have passed the House with zero Dem's voting No, and they would be squawking on CNN and MSNBC about why the Senate hasn't voted on it yet.

All of the airlines are on the verge of bankruptcy. They have very little money left. Loans will and should be made to airlines.

HUH? None of the major players are close to bankruptcy. Where do you get that from? As of today, close of business, the market cap for them is as follows. While not every indicator of a Corporation's health is it's stock market presence, it is a health indicator.

American 5.931B
Southwest 19.45B
Alaska 3.555B
United 8.182B
Delta 17.238B

A company doesn't own or have any of its market cap. That's owed by shareholders. The markets are not close to zero, because the market believes the government is likely to help the airlines survive, or some of them, and that eventually the economy and things will recover and people will start flying again.

"Most airlines could become bankrupt before June is here"

"Iata has just released an updated report noting that beyond the top 30 players, all other airlines have weak balance sheets, high debt and barely enough cash to cover three months of operations.

In short, most of the world's airlines could be bankrupt by June."

"Germany and half a dozen other countries have also indicated they will provide financial lifelines to their carriers."

https://www.straitstimes.com/opinion/most-airlines-could-become-bankrupt-before-june-is-here

"Airline Stocks Are in a Nosedive. A Bailout Might Not Help."

"Airline stocks were in free fall on Wednesday as carriers announced more schedule cuts to conserve cash because of the coronavirus pandemic. The stocks are so cheap that the entire U.S. industry is now valued at $51 billion—a third of the market value of Walt Disney (ticker: DIS)."

That was last week. Things have gotten worse.

Airlines are too important to US life and national security to be allowed to all fail. They will get some support, soon.

https://www.barrons.com/articles/airline-stocks-government-aid-loans-grants-labor-market-cap-51584561082

Why link articles that are pure opinion? There is lots of indicators that a corp. is in trouble, and the opinions are just as accurate as "How long will the virus be here?"

I would be willing to listen to opinions in articles if the stock prices were 99 cents and the market cap was 1 million, like a Radio Shack situation. The Airlines will be just fine, might need to cut some of those Millions off the internal bonuses though.

 

[Cuervohola]

Argh, Don't forget the tracking of the cell phones .and the billion surveillance cameras
The Social credit thing they have is pretty insane.
My Pastor goes to China 3-4 times a year .
If you j walk , the Chinese government knows .
Pretty scary

The Government here knows everything also, through Big Brother Google, and especially if you walk around with a "smart" phone, double that if you have the NSA app... Er... Facebook app installed.

 

[PlayerRep]

"Is Marijuana an ‘Essential’ Like Milk or Bread? Some States Say Yes"

"Over the past week, more than a dozen states have agreed that while “nonessential” stores had to close, pot shops and medical marijuana dispensaries could remain open — official recognition that for some Americans, cannabis is as necessary as milk and bread."

https://www.nytimes.com/article/coronavirus-weed-marijuana.html?action=click&module=Well&pgtype=Homepage&section=US%20News

 

[PlayerRep]

"Gun Stores Remain Open Despite ‘Non-Essential’ Classification"

"Newsom's office also sent KPBS a list of essential businesses, and gun stores were not on it. But gun-rights advocates and gun store owners say they are essential.

"We have no plans to close," said David Chong, who owns AO Sword Firearms in El Cajon. "We have not heard any lawful order to shut down."

Last week, KPBS visited Chong, who said business was booming.

"About 10 times our normal sales," Chong said."

https://www.kpbs.org/news/2020/mar/23/gun-stores-remain-open-despite-non-essential-class/

 

[PlayerRep]

" Gov. Bullock announced Tuesday he is extending his directives to close Montana's schools as well as restaurants, bars, and other venues until April 10. The governor said the directives may very well be extended again.

Gov. Bullock also announced a new directive prohibiting non-essential social gatherings of greater than 10 people."

https://www.khq.com/regional/gov-bullock-extends-school-business-closures-until-april/article_996eeb6d-7466-5647-8785-f8d760b271ec.html

 

[PlayerRep]

All of the airlines are on the verge of bankruptcy. They have very little money left. Loans will and should be made to airlines.

HUH? None of the major players are close to bankruptcy. Where do you get that from? As of today, close of business, the market cap for them is as follows. While not every indicator of a Corporation's health is it's stock market presence, it is a health indicator.

American 5.931B
Southwest 19.45B
Alaska 3.555B
United 8.182B
Delta 17.238B

A company doesn't own or have any of its market cap. That's owed by shareholders. The markets are not close to zero, because the market believes the government is likely to help the airlines survive, or some of them, and that eventually the economy and things will recover and people will start flying again.

"Most airlines could become bankrupt before June is here"

"Iata has just released an updated report noting that beyond the top 30 players, all other airlines have weak balance sheets, high debt and barely enough cash to cover three months of operations.

In short, most of the world's airlines could be bankrupt by June."

"Germany and half a dozen other countries have also indicated they will provide financial lifelines to their carriers."

https://www.straitstimes.com/opinion/most-airlines-could-become-bankrupt-before-june-is-here

"Airline Stocks Are in a Nosedive. A Bailout Might Not Help."

"Airline stocks were in free fall on Wednesday as carriers announced more schedule cuts to conserve cash because of the coronavirus pandemic. The stocks are so cheap that the entire U.S. industry is now valued at $51 billion—a third of the market value of Walt Disney (ticker: DIS)."

That was last week. Things have gotten worse.

Airlines are too important to US life and national security to be allowed to all fail. They will get some support, soon.

https://www.barrons.com/articles/airline-stocks-government-aid-loans-grants-labor-market-cap-51584561082

Why link articles that are pure opinion? There is lots of indicators that a corp. is in trouble, and the opinions are just as accurate as "How long will the virus be here?"

I would be willing to listen to opinions in articles if the stock prices were 99 cents and the market cap was 1 million, like a Radio Shack situation. The Airlines will be just fine, might need to cut some of those Millions off the internal bonuses though.

They aren't pure opinion. I am a corporate lawyer and have been for decades. It's absolutely clear that airlines are in big trouble and will fail, unless the governments help them. Help for the airlines is in the bailout bill. I have done lots of airlines deals. Sorry, but I know what I'm talking about on this subject, and you don't. It's not a close call. Sorry.

"Airlines will fail in weeks if governments do not intervene, IATA warns"

This article is from today.

"Alexandre de Juniac, the chief executive of the International Air Transport Association (IATA) told reporters on a conference call Tuesday morning that many airlines do not have strong enough balance sheets to survive the crisis prompted by the coronavirus outbreak. Airlines everywhere are grappling with a severe decline in traffic as passengers stay home and governments impose strict travel restrictions.

“We need governments to act fast with financial relief to avoid a liquidity crisis, where (airlines) run out cash and almost half of the companies die in the coming weeks,” IATA CEO Alexandre de Juniac said from Geneva.

“We are now working hard to survive. We need government help.”

The warning from IATA, an industry group that represents 290 airlines from around the world,"

https://finance.yahoo.com/news/airlines-will-fail-in-weeks-if-governments-do-not-intervene-iata-warns-201613776.html?guccounter=1&guce_referrer=aHR0cHM6Ly9yLnNlYXJjaC55YWhvby5jb20vX3lsdD1Bd3I5Qk43cmVYcGVpQ0lBR1F0WE55b0E7X3lsdT1YM29ETVRFeU9HOWlaMmt4QkdOdmJHOERaM0V4QkhCdmN3TXlCSFowYVdRRFFqa3pNakpmTVFSelpXTURjM0ktL1JWPTIvUkU9MTU4NTExMzcwNy9STz0xMC9SVT1odHRwcyUzYSUyZiUyZmZpbmFuY2UueWFob28uY29tJTJmbmV3cyUyZmFpcmxpbmVzLXdpbGwtZmFpbC1pbi13ZWVrcy1pZi1nb3Zlcm5tZW50cy1kby1ub3QtaW50ZXJ2ZW5lLWlhdGEtd2FybnMtMjAxNjEzNzc2Lmh0bWwvUks9Mi9SUz12NFZBWVNvMXRoN2UxN0hobEk1am5WOVdwX00t&guce_referrer_sig=AQAAAGDlzpEWODcOylC2tuP9_fb2fzhHbv4ZBPHQN1cfSNY7cAjYu9k1Cd65ck2i6h5LqEqfqOeUWTaMog5ENvvrK_HfYv607v1M5sOF_PqGX8fgY2mptwNRe_vq4SmO91pAnSnRCTokBzun0bBVudR0yCPV-YiXhdZgF9sjD_bSTWVJ

 

[Cuervohola]

I think I'm going to have a BBQ with 11 people. That's a guarantee the virus will show up, because it's 1 over the government mandate.

 

[Cuervohola]

HUH? None of the major players are close to bankruptcy. Where do you get that from? As of today, close of business, the market cap for them is as follows. While not every indicator of a Corporation's health is it's stock market presence, it is a health indicator.

American 5.931B
Southwest 19.45B
Alaska 3.555B
United 8.182B
Delta 17.238B

A company doesn't own or have any of its market cap. That's owed by shareholders. The markets are not close to zero, because the market believes the government is likely to help the airlines survive, or some of them, and that eventually the economy and things will recover and people will start flying again.

"Most airlines could become bankrupt before June is here"

"Iata has just released an updated report noting that beyond the top 30 players, all other airlines have weak balance sheets, high debt and barely enough cash to cover three months of operations.

In short, most of the world's airlines could be bankrupt by June."

"Germany and half a dozen other countries have also indicated they will provide financial lifelines to their carriers."

https://www.straitstimes.com/opinion/most-airlines-could-become-bankrupt-before-june-is-here

"Airline Stocks Are in a Nosedive. A Bailout Might Not Help."

"Airline stocks were in free fall on Wednesday as carriers announced more schedule cuts to conserve cash because of the coronavirus pandemic. The stocks are so cheap that the entire U.S. industry is now valued at $51 billion—a third of the market value of Walt Disney (ticker: DIS)."

That was last week. Things have gotten worse.

Airlines are too important to US life and national security to be allowed to all fail. They will get some support, soon.

https://www.barrons.com/articles/airline-stocks-government-aid-loans-grants-labor-market-cap-51584561082

Why link articles that are pure opinion? There is lots of indicators that a corp. is in trouble, and the opinions are just as accurate as "How long will the virus be here?"

I would be willing to listen to opinions in articles if the stock prices were 99 cents and the market cap was 1 million, like a Radio Shack situation. The Airlines will be just fine, might need to cut some of those Millions off the internal bonuses though.

They aren't pure opinion. I am a corporate lawyer and have been for decades. It's absolutely clear that airlines are in big trouble and will fail, unless the governments help them. Help for the airlines is in the bailout bill. I have done lots of airlines deals. Sorry, but I know what I'm talking about on this subject, and you don't. It's not a close call. Sorry.

Nothing is clear at all. Some of the airlines haven't even cut dividends. You have the lawyer hat on, which means you ignore everything else. I hope all the airlines fail, I couldn't care less about them. They wont, though. If they do, while paying Millions to their executives and having atrocious service to their customers, you are in the group of the only ones who would care.

The only way I would be behind a bailout is if they are required to pay for their own security, which would get rid of the TSA.

 

[PlayerRep]

Delta CEO release on March 18. Looks like a picnic, doesn't it.

" We are having constructive discussions with the White House and Congress, and remain optimistic that our industry will receive support to help address this crisis. That said, we have to continue to take all necessary self-help measures. Cash preservation remains our top financial priority right now. Making swift decisions now to reduce the losses and preserve cash will provide us the resources to rebound from the other side of this crisis and protect Delta’s future.



We are deferring nearly all of our capital spending, including all new aircraft deliveries, until we have better clarity on the duration and severity of the situation.



In addition, we are looking to secure more than $4 billion in cash savings in the June quarter alone. This will include capacity-related savings as we suspend flying, and we are also targeting expense reductions from:


· All Delta officers will take a 50 percent pay cut through June 30, with directors and managing directors taking a 25 percent cut during that same period.


· As I mentioned last week, I’ve cut my own salary by 100 percent through the next six months. Our Board of Directors elected to forego their compensation over the next six months as well.


· With fewer customers flying, we need less space in airports. Among other initiatives, we will temporarily consolidate airport facilities in Atlanta and other locations as necessary and close the majority of our Delta Sky Clubs until demand recovers.


· We are reducing our active fleet size by parking at least half of our fleet – more than 600 aircraft. We also will be accelerating retirements of older aircraft like our MD-88/90s and some of our 767s.


· We are reducing any maintenance spend that is not necessary to support the safety of our operation.


· We have reduced most contractor spend, except where needed to support the operation."

 

[PlayerRep]

A company doesn't own or have any of its market cap. That's owed by shareholders. The markets are not close to zero, because the market believes the government is likely to help the airlines survive, or some of them, and that eventually the economy and things will recover and people will start flying again.

"Most airlines could become bankrupt before June is here"

"Iata has just released an updated report noting that beyond the top 30 players, all other airlines have weak balance sheets, high debt and barely enough cash to cover three months of operations.

In short, most of the world's airlines could be bankrupt by June."

"Germany and half a dozen other countries have also indicated they will provide financial lifelines to their carriers."

https://www.straitstimes.com/opinion/most-airlines-could-become-bankrupt-before-june-is-here

"Airline Stocks Are in a Nosedive. A Bailout Might Not Help."

"Airline stocks were in free fall on Wednesday as carriers announced more schedule cuts to conserve cash because of the coronavirus pandemic. The stocks are so cheap that the entire U.S. industry is now valued at $51 billion—a third of the market value of Walt Disney (ticker: DIS)."

That was last week. Things have gotten worse.

Airlines are too important to US life and national security to be allowed to all fail. They will get some support, soon.

https://www.barrons.com/articles/airline-stocks-government-aid-loans-grants-labor-market-cap-51584561082

Why link articles that are pure opinion? There is lots of indicators that a corp. is in trouble, and the opinions are just as accurate as "How long will the virus be here?"

I would be willing to listen to opinions in articles if the stock prices were 99 cents and the market cap was 1 million, like a Radio Shack situation. The Airlines will be just fine, might need to cut some of those Millions off the internal bonuses though.

They aren't pure opinion. I am a corporate lawyer and have been for decades. It's absolutely clear that airlines are in big trouble and will fail, unless the governments help them. Help for the airlines is in the bailout bill. I have done lots of airlines deals. Sorry, but I know what I'm talking about on this subject, and you don't. It's not a close call. Sorry.

Nothing is clear at all. Some of the airlines haven't even cut dividends. You have the lawyer hat on, which means you ignore everything else. I hope all the airlines fail, I couldn't care less about them. They wont, though. If they do, while paying Millions to their executives and having atrocious service to their customers, you are in the group of the only ones who would care.

The only way I would be behind a bailout is if they are required to pay for their own security, which would get rid of the TSA.

United doesn't pay a dividend. Delta has suspended its dividend. America has had a dime dividend. Next one wouldn't be until late May. They won't pay it, is my view.

"Airline CEOs promise to eliminate dividends and stock buybacks if Congress passes $29B coronavirus bailout"

"The letter says “If loans and or loan guarantees are enacted, equaling at least $29 billion, participating passenger and cargo air carriers commit to placing limits on executive compensation; eliminating stock buybacks over the life of the loans and eliminating stock dividends for the life of the loans.”

The letter signed by CEOs from Alaska, Atlas, American Airlines, Delta Air Lines, FedEx, Hawaiian, JetBlue, Southwest, United Airlines, and UPS was sent from the trade group Airlines for America.

“The breadth and immediacy of the need to act cannot be overstated,” the CEOs warned. “It is urgent and unprecedented.”

https://finance.yahoo.com/news/airline-ceos-promise-to-eliminate-dividends-and-stock-buybacks-if-congress-passes-29-b-coronavirus-bailout-175925540.html

Keep digging your hole. You are dead wrong on this, and up against an expert. Ha.

 

[Cuervohola]

Why link articles that are pure opinion? There is lots of indicators that a corp. is in trouble, and the opinions are just as accurate as "How long will the virus be here?"

I would be willing to listen to opinions in articles if the stock prices were 99 cents and the market cap was 1 million, like a Radio Shack situation. The Airlines will be just fine, might need to cut some of those Millions off the internal bonuses though.

They aren't pure opinion. I am a corporate lawyer and have been for decades. It's absolutely clear that airlines are in big trouble and will fail, unless the governments help them. Help for the airlines is in the bailout bill. I have done lots of airlines deals. Sorry, but I know what I'm talking about on this subject, and you don't. It's not a close call. Sorry.

Nothing is clear at all. Some of the airlines haven't even cut dividends. You have the lawyer hat on, which means you ignore everything else. I hope all the airlines fail, I couldn't care less about them. They wont, though. If they do, while paying Millions to their executives and having atrocious service to their customers, you are in the group of the only ones who would care.

The only way I would be behind a bailout is if they are required to pay for their own security, which would get rid of the TSA.

United doesn't pay a dividend. Delta has suspended its dividend. America has had a dime dividend. Next one wouldn't be until late May. They won't pay it, is my view.

"Airline CEOs promise to eliminate dividends and stock buybacks if Congress passes $29B coronavirus bailout"

"The letter says “If loans and or loan guarantees are enacted, equaling at least $29 billion, participating passenger and cargo air carriers commit to placing limits on executive compensation; eliminating stock buybacks over the life of the loans and eliminating stock dividends for the life of the loans.”

The letter signed by CEOs from Alaska, Atlas, American Airlines, Delta Air Lines, FedEx, Hawaiian, JetBlue, Southwest, United Airlines, and UPS was sent from the trade group Airlines for America.

“The breadth and immediacy of the need to act cannot be overstated,” the CEOs warned. “It is urgent and unprecedented.”

https://finance.yahoo.com/news/airline-ceos-promise-to-eliminate-dividends-and-stock-buybacks-if-congress-passes-29-b-coronavirus-bailout-175925540.html

Keep digging your hole. You are dead wrong on this, and up against an expert. Ha.

Oh, make no mistake about it. Everybody here knows you think you're an expert in everything.

But, you got your way, Trump said they would be bailed out so they can give themselves more raises. I hate Corporations and wish they would all go to Hell, mainly because they don't make anything that F'N WORKS anymore. You're of course in love with them, that's understood.

What did the airlines do with their tax breaks?

Did they prepare for anything?

 

[TCCGRIZ]

I think I'm going to have a BBQ with 11 people. That's a guarantee the virus will show up, because it's 1 over the government mandate.

That's it , I'm calling Xi Jinping .
You're in trouble now .
Well unless 4 of them are little people. Then you'd be ok.

 

[PlayerRep]

They aren't pure opinion. I am a corporate lawyer and have been for decades. It's absolutely clear that airlines are in big trouble and will fail, unless the governments help them. Help for the airlines is in the bailout bill. I have done lots of airlines deals. Sorry, but I know what I'm talking about on this subject, and you don't. It's not a close call. Sorry.

Nothing is clear at all. Some of the airlines haven't even cut dividends. You have the lawyer hat on, which means you ignore everything else. I hope all the airlines fail, I couldn't care less about them. They wont, though. If they do, while paying Millions to their executives and having atrocious service to their customers, you are in the group of the only ones who would care.

The only way I would be behind a bailout is if they are required to pay for their own security, which would get rid of the TSA.

United doesn't pay a dividend. Delta has suspended its dividend. America has had a dime dividend. Next one wouldn't be until late May. They won't pay it, is my view.

"Airline CEOs promise to eliminate dividends and stock buybacks if Congress passes $29B coronavirus bailout"

"The letter says “If loans and or loan guarantees are enacted, equaling at least $29 billion, participating passenger and cargo air carriers commit to placing limits on executive compensation; eliminating stock buybacks over the life of the loans and eliminating stock dividends for the life of the loans.”

The letter signed by CEOs from Alaska, Atlas, American Airlines, Delta Air Lines, FedEx, Hawaiian, JetBlue, Southwest, United Airlines, and UPS was sent from the trade group Airlines for America.

“The breadth and immediacy of the need to act cannot be overstated,” the CEOs warned. “It is urgent and unprecedented.”

https://finance.yahoo.com/news/airline-ceos-promise-to-eliminate-dividends-and-stock-buybacks-if-congress-passes-29-b-coronavirus-bailout-175925540.html

Keep digging your hole. You are dead wrong on this, and up against an expert. Ha.

Oh, make no mistake about it. Everybody here knows you think you're an expert in everything.

But, you got your way, Trump said they would be bailed out so they can give themselves more raises. I hate Corporations and wish they would all go to Hell, mainly because they don't make anything that F'N WORKS anymore. You're of course in love with them, that's understood.

What did the airlines do with their tax breaks?

Did they prepare for anything?

The bill requires airlines not to give their execs any raises for the life of the loan. Please check your facts before misstating things.

I won't say what I think of people who hate corporations. Ha.

I assume most airlines didn't get much for actual tax breaks, except depreciation, because they were still making up for their huge losses after 9/11.

 

[PlayerRep]

Different approaches of our 2 US Senators:

Tester:

"There were Montana-specific issues Tester wanted to see in the bill, which weren’t yet included. In a letter to Republican Senate Majority Leader Mitch McConnell last Friday, Tester presented issues submitted to him by Montana state and local officials over the past week.

Among those issues was a multimillion-dollar response to universities and colleges forced by the pandemic to empty dormitories and shift to online-only classes. The Montana University System put those unexpected costs at $18 million, said Tyler Trevor, deputy commissioner for budget and planning for MUS. Students have to be reimbursed for the dormitory stays and dining hall meals, which make up the bulk of the loss for state universities.

“We know the refund on the dorms and dining hall are going to be the big-ticket item. We can see that that could go as high as $14 million for the system,” Trevor said. “I would say Bozeman is probably half of that number and then the rest of the campuses make up the other half."

Daines:

"Speaking on the Senate floor late Monday afternoon, Daines said the country had no time for debate.

“We can’t afford to keep squabbling and arguing here in the United States Senate. Time is not on our side. Each day matters. In fact, every hour matters,” Daines said, according to the C-SPAN broadcast. “As we look at the stats coming, in terms of those who have been affected with COVID-19, literally hour by hour this is a logarithmic kind of scale. This is a doubling-every-day kind of scale that’s going on."

https://billingsgazette.com/business/tester-covid--rescue-bill-needs-transparency/article_ce65942c-7502-5cc2-a25d-6e9d80540c2e.html

 

[Cuervohola]

I think I'm going to have a BBQ with 11 people. That's a guarantee the virus will show up, because it's 1 over the government mandate.

That's it , I'm calling Xi Jinping .
You're in trouble now .
Well unless 4 of them are little people. Then you'd be ok.

I bet Bullock would have a stress coronary if a bunch of people told him that. Coupled with him about to lose power forever, I don't know if he would make it.