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"Apple has "sourced, procured and is donating" 10 million masks to the US medical community battling the coronavirus outbreak, CEO Tim Cook announced in a video posted to Twitter. The company will also donate millions more masks to the hardest hit regions in Europe, Cook said in a tweet on Wednesday."
"Apple has "sourced, procured and is donating" 10 million masks to the US medical community battling the coronavirus outbreak, CEO Tim Cook announced in a video posted to Twitter. The company will also donate millions more masks to the hardest hit regions in Europe, Cook said in a tweet on Wednesday."
Good to see that. Nice to see corporations doing their part. This with Apple, GM and Ford making ventilators, other companies making scrubs.
I have read several reports that states are backlogged with unemployment filings. Lots of people cannot even file. So there could be lots of people in the "pipeline" that perhaps were not counted this week. Regardless I believe this is 5 times larger than any other week in the past.
I agree also that the economic hangover due to the virus and shutdowns will linger. And it seems everything has been thrown against the wall for maybe a month or at the outside two months of downtime. What if its longer than that? More $1200 checks? More rent, mortgage payment delays? How long can the whole country be paid to do nothing? Then there is the risk of deflation if people don't want to or can't buy things or hyper inflation if we pump too much money. It seems we have to thread a needle here to avoid all that.
As they note, all the workers in the "gig and contracting economy" and the various underground economies (flea markets, etsy, eBay, many more) will never be counted.
I think we can use a nice round number like 10 Million officially within a few weeks and maybe another 15 million unofficially or partially.
In general, the bigger money workers won't be hit as hard....that includes many in the Knowledge Economy, Teachers and the like.
That old "loss of income insurance" that many small businesses turn down is looking better and better. I wonder, tho, if this is an Act of God?
In what would seem like opposite world, if someone invests cash right now in many dividend funds or stocks they can make 10X or even 20X treasury rates. Cash is King again.
A person with the means might invest that $2400 at a 10% dividend or so (that's low, so more solid) and collect $240 a year forever...unless the stock defaults.
Good to see that. Nice to see corporations doing their part. This with Apple, GM and Ford making ventilators, other companies making scrubs.
The fly in the ointment is distribution. Given our for-profit hospitals and medical systems there really is not central point of knowledge or distribution. We have many hospitals down here that people never heard of...they are like Wal-Marts, advertising on Billboards to get you to do there with their short ER waiting times.
I doubt anyone at the Fed or State level really has - at their fingertips - the ability to decide where a lot of stuff should go.
Less of a problem in longer settled places....we all know where the Hospitals are in Boston, NY and such.
There hasn't been a lot of talk about it, and I don't know a lot about it, but reinfection is a thing. Something to do with the antibodies not persisting. Prognosis for those reinfected isn't good.
If there hasn't been a lot of talk about it, and you don't know a lot about it, how do you know anything about the prognosis?
The fly in the ointment is distribution. Given our for-profit hospitals and medical systems there really is not central point of knowledge or distribution. We have many hospitals down here that people never heard of...they are like Wal-Marts, advertising on Billboards to get you to do there with their short ER waiting times.
I doubt anyone at the Fed or State level really has - at their fingertips - the ability to decide where a lot of stuff should go.
Less of a problem in longer settled places....we all know where the Hospitals are in Boston, NY and such.
One thing missed with all this is how badly government run healthcare is doing dealing with the virus in Europe. If anything this virus should give us pause at trying any type of socialized healthcare that Sanders and Biden are pushing.
Countries like Spain, Italy, France etc with their government run healthcare are having all sorts of problems. Yes the USA has more cases than any one EU country outside of Italy. But if you take the EU as a whole (which is about equal to our economy) they are doing much worse.
There are at least 270K cases in the EU and at least 15K deaths. Compare that to our numbers.
Diedre Wilkes' body was discovered Thursday in the living room of her home in Newnan, about 40 miles southwest of Atlanta, after a family member called the Coweta County Sheriff's Office requesting a welfare check, the coroner, Richard Hawk, told NBC News on Wednesday.
It's believed she died 12 to 16 hours before she was found, the coroner said.
A posthumous coronavirus test was conducted and came back positive for COVID-19, according to Hawk. Wilkes did not have any known underlying health conditions, and an autopsy is being conducted, he said.
when this is over i expect to see an insane amount of studies investigating why this virus is a death sentence for some people and barely noticeable for others.
for better or for worse, we have to probably give them the opportunity to do the right thing. Given they've refused aid even in the recent past, we probably know what the reality is. But you've got to give them the chance to show everyone what they're really all about.
What exactly do they need the money for?
Here's an idea. Get the numbers of what it costs them to build military assets (missiles, ships, etc.) and the world can buy $5B worth of those assets and destroy them. It equates to Iran trading $5B they spent on military hardware for $5B of healthcare.
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