We'll have to depend on local economies like always after a recession. They should've put money aside, small businesses face the same problems without the possibility of bailouts.
You mean the bottlecaps like in Fallout 4 right. Tell me this is true!
View: https://mobile.twitter.com/eriksolheim/status/1241259513212211200
Didn’t America and South Korea get their first positive test on the same day?
Amazing how much better SK handled the situation.
Blessing and a curse I think. It's useful to get up to the minute information and stay in touch with loved ones in a support level and seriously most of you lot here have helped keep me sane. But the curse is I can't stop looking at the internet for information, to the point of obsession.
You sound broke.
I'm certainly not rich.
But I've just spent £140 on paint.
So I guess that doesn't make me poor either
I would like to imagine that’s the case but I’m not sure if shits hit the fan enough for folks to deviate from their echo chambers. I see it a little bit but not sure it’s enough to suggest that a major shift in societal thinking is happening yet.
I've had a theory for a while now that a new society will happen around the end of this century.
That's how long it will take for people to realise they are being taken for a ride.
Could be a while lot sooner if this is as bad as we are told it is.
Very, very few publicly traded companies stash away their cash. It's actually frowned upon by investors. They want cash flooded back into the company to promote growth.
I agree about small businesses needing to be self-reliant so they can survive hardship, but you don't have 4 small businesses employing 360,000+ people. That's why the big guys get the preferential treatment.
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If any company gets a bail out from this process, they should all be banned from stock buy backs for 100 years or something.
Otherwise the bailout just becomes a liquidity mechanism that they will redirect to their CEO and top 1% shareholders via stock buy back on the recovery.
Surely the 'bail out' is just buying the company?
How is it any different to a takeover?
I agree to a point.
They can put stipulations on the bailout that the money is to be used to keep their workers whole. Salaries continue. Benefits continue. Stop the buybacks.
But it doesn't do much good to bail out the workers and the workers only if - after 2 months - they don't have a job at all. You have to keep companies intact so the jobs are still there when we come out of this.
It depends on how it's structured.
We the people will own the companies.
We paid for it
They work for us and any profit is plowed back to help society grow and be better.
I think people are starting to see this as a reality now
Why should our money be given away again and again?
It's run as an independent company.
Not confined by government but owned by government.
I don't disagree.
Although instead of using stock incentives they can just overpay executives with profits. It's hard to police where the cash goes.
I'd like for it to be structured as a loan of some sort.
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Why do I want to be on the taxpayer hook to run an industry that is already efficiently run? Why do I want to interrupt that and be responsible if I screw it up via government?
With the exception of fee gouging in the lat 4-5 years (this should just be regulated with fair advertising so you have easy apples to apples comparisons) an average airline ticket is HALF what it was in 1980 adjusted for inflation. And even with fees we are still only about $10 more expensive than 10 years ago. The fee structure has lowered entry to Americans that would not have been able to fly in the past. The USA airline industry is more solvent and robust than anywhere else in the entire world. The rest of the world looks like our old model from the 1980's with constant subsidies and bankruptcies. We've already done that and it sucks. It also means flying remains only for the rich. We went through 30 years of mergers and restructuring of bad airlines to get to where we are now. I am 100% against messing that up and coronavirus economic responses should be just that...responses for this temporary time and get out of the way.
I haven't read the details - have they released it yet?
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Sounds good to me.