posted by SportsAndLady

Your cousins a moron. Stay away from your parents during a self-quarantine. It’s simple. 

You are a moron as you didn’t read my post, or you have no reading comprehension. 
 

While under quarantine she absolutely did avoid everyone, even her husband and son. 
 

I was referring to being worried about transmission BEFORE she had any symptoms and was in quarantine. 
 

Good Lord you are not the sharpest tool in the shed. No where did I say her mom visited while she was in quarantine. 
 

Learn to read. 
 

Edit:Just got word she was negative. Some other respiratory virus but not COVID. 

I think the point was your cousin should not have been meeting with the older family members long before she went into official quarantine.

posted by Heretic

Hard to tell at times. On FB this morning, I saw a post by someone I kind of know saying that because it's called COVID-19, that means there were 18 failed attempts and this one is the one that worked...FOOD FOR THOUGHT!

Despite how 5 fucking seconds on Google would explain that the 19 means 2019, when this particular strain originated.

In other words, there might be no depths to the level of shit people will believe in a time of uncertainty as they try to turn crackpot conspiracy theories into reality because, hey, what the fuck, no one REALLY knows, right?!??!?

I saw at least a dozen people on FB saying that the “C” in COVID stands for Chinese or China. 
 

I got tired of typing “a simple google search would tell you COVID is short for COronaVIrus Desease”

I just started letting morons be morons. 

posted by jmog

I saw at least a dozen people on FB saying that the “C” in COVID stands for Chinese or China. 
 

I got tired of typing “a simple google search would tell you COVID is short for COronaVIrus Desease”

 

I just started letting morons be morons. 

The best conspiracies are those that are nice enough to at least leave little clues to help the tin foil hat crowd figure it out.

"Hey, we've got this virus to unleash.  What shall we call it?"
"Certainly something that traces it back to the Chinese government.  Hopefully that won't happen.  But it's only fair to those who investigate it hard that we at least leave them a bread crumb as to where it came from.  Plus we want to acknowledge all of the hard work the evil scientists put into the first 18 tries at this."
"Okay, what about 'Chinese Overt Very Infectious Disease 19th Try'?"

"Too obvious.  Shorten it to COVID-19, and we're good."

"Okay.  By the way, couldn't we have made a far deadlier virus since we're trying to take over the world?"
"No, we'll start with this one to test our naming protocol.  We've got a really deadly one in the works though.  It was developed by the editors of the New York Times and our scientists.  It's called 'Botulism-like Aggressive Disease Actuating Sore Sinuses" and it's in its 14th version.  We call it BADASS-14.  They'll never figure our that one."

posted by justincredible

Preparations A thru G were failures...

And don't get me started on all the lab deaths it took for them to finally perfect what became known as 7-Up!

posted by justincredible

I think the point was your cousin should not have been meeting with the older family members long before she went into official quarantine.

Not true if you understand the nursing she actually does. She was following the exact guidelines that her employer had given her since she was at a far lower risk than say nurses that work at hospitals.

She was following the protocol exactly as given. 

But I am sure people on Ohiochatter.com know much better what protocols she was supposed to follow....we are all experts in every field as it is.

Do what you want to do, but we stopped visiting with older people in our families a long time ago, before any shelter-in-place orders were given. It's just not worth the risk.

Holy hell.  This thread took a glorious shit since the last time I visited.
 

posted by justincredible

Any thoughts on this?

My bank is basically just saying to pay whatever you can on your mortgage over the next four months.  Interest will continue to accrue and be capitalized, but missed payments won't be reported as late to creditors, and the amount missed won't be due all at once at the end of the allotted time.
 

posted by ernest_t_bass

I'm assuming that you'll have to fill out paperwork for the waiver, correct?

Nope.  Just basically a standing case. Same with student loans and our credit card.
 

posted by Laley23

Pretty sure Credit Cards, Mortgage and the like are all granting waivers if you so choose. Not sure if it will cost extra on the back end or not though. Never looked into it since we have plenty to survive this even if we had no income.

We got notice that it will cost extra for most of it.  Interest still accrues and gets capitalized.  Nothing beyond that, though.
We're actually contemplating foregoing a few low-interest stuff in order to get ahead on some high-interest stuff.  For now, why not?
 

posted by Heretic

Hard to tell at times. On FB this morning, I saw a post by someone I kind of know saying that because it's called COVID-19, that means there were 18 failed attempts and this one is the one that worked...FOOD FOR THOUGHT!

Dear sweet Moses! Someone needs quarantined as part of daily life.  Feels like I got Anthrax just reading that.
 

posted by justincredible

Do what you want to do, but we stopped visiting with older people in our families a long time ago, before any shelter-in-place orders were given. It's just not worth the risk.

Same here.  We actually had to tell my in-laws "no" a couple times, as we were taking it seriously before they were, even though they're mostly homebodies anyway.

https://finance.yahoo.com/news/barbara-corcoran-says-majority-of-her-shark-tank-companies-wont-make-it-through-coronavirus-trough-120214825.html

posted by justincredible

https://finance.yahoo.com/news/barbara-corcoran-says-majority-of-her-shark-tank-companies-wont-make-it-through-coronavirus-trough-120214825.html

It doesn't take much to imagine how quickly businesses with 3-10% profit margins go under when many of their costs are fixed and they have 0 revenue coming in.

Awful to lay off workers, but you can't pay them.  Hopefully everything comes back online at the same time and businesses can quickly hire their people back.  But you still have to pay rent/mortgage and interest on your capital leases.

And beyond that, leverage has become a fixture of most businesses of any appreciable size.  Heavy debt service.  That's where I think you need a federal mandate that, call it "capital dividends" has a moratorium on payments to defer everything (as if the shutdown never happened).  A 0% return on your capital during this time still outperforms almost every other asset class (of course, the underlying real estate value is taking a big hit right now, as well).

posted by jmog

You are a moron as you didn’t read my post, or you have no reading comprehension. 
 

While under quarantine she absolutely did avoid everyone, even her husband and son. 
 

I was referring to being worried about transmission BEFORE she had any symptoms and was in quarantine. 
 

Good Lord you are not the sharpest tool in the shed. No where did I say her mom visited while she was in quarantine. 
 

Learn to read. 
 

Edit:Just got word she was negative. Some other respiratory virus but not COVID. 

Lol, did we strike a nerve? 
Your cousin shouldn’t have been visiting elderly people while tending to sick clients. It’s really that simple of a concept but maybe you just don’t like being told something. 

O-Trap, just got an email from our loan provider. They are accruing interest a month at a time for us. If we were to miss this month, we get interest tacked on moving forward. But if we miss a second month, the interest tacked on is only the amount we would’ve missed had we been in time last month. Basically taking each missed payment individually and tracking it as an up to date loan going in, which is nice. And no late fees.

posted by SportsAndLady

Lol, did we strike a nerve?

LOL, says the guy who got triggered so badly by QO on the politics forum he had to self-impose a 1-yr ban on himself.

posted by gut

It doesn't take much to imagine how quickly businesses with 3-10% profit margins go under when many of their costs are fixed and they have 0 revenue coming in.

Awful to lay off workers, but you can't pay them.  Hopefully everything comes back online at the same time and businesses can quickly hire their people back.  But you still have to pay rent/mortgage and interest on your capital leases.

And beyond that, leverage has become a fixture of most businesses of any appreciable size.  Heavy debt service.  That's where I think you need a federal mandate that, call it "capital dividends" has a moratorium on payments to defer everything (as if the shutdown never happened).  A 0% return on your capital during this time still outperforms almost every other asset class (of course, the underlying real estate value is taking a big hit right now, as well).

I mean, there's the Paycheck Protection Program that has resulted out of this stimulus that would potentially keep people employed (my CEO is working on this currently).

There appear to be options for other elements as well, but honestly, if nobody knows about them, I guess it doesn't do much good.
 

posted by Laley23

O-Trap, just got an email from our loan provider. They are accruing interest a month at a time for us. If we were to miss this month, we get interest tacked on moving forward. But if we miss a second month, the interest tacked on is only the amount we would’ve missed had we been in time last month. Basically taking each missed payment individually and tracking it as an up to date loan going in, which is nice. And no late fees.

That's definitely nice.  Our interest from a first missed month would then have interest charged on it, but aside from that, it's really not bad.  And I got into my mortgage with a great interest rate.  Plus, my house cost less than most new cars (right neighborhood at the bottom of the housing market after the crash), so it functionally doesn't really do much to me anyway if my accrued interest is capitalized.

posted by justincredible

How bad do we expect things to get tomorrow when a large chunk of people can't pay their rent/mortgage? And, seeings as this doesn't look like it's going to end soon, what does it look like on May 1st?

In Ohio (at least) you can make as much or even more by being laid off, especially at the lower income levels.   Ohio unemployment is 50% of your weekly wage, and the feds are throwing in an additional $600 per week.  Someone making $40,000 = $769/wk.  Ohio UC would be $384, plus federal $600 = $984/wk.

For many or most, not sure of the issue yet.

posted by O-Trap

I mean, there's the Paycheck Protection Program that has resulted out of this stimulus that would potentially keep people employed (my CEO is working on this currently).

This program should help a lot of small businesses. I have been looking into it for my company too. My question is, what happens if you already laid people off (we didn't). Do they lose this free loan opportunity?  

posted by QuakerOats

In Ohio (at least) you can make as much or even more by being laid off, especially at the lower income levels.   Ohio unemployment is 50% of your weekly wage, and the feds are throwing in an additional $600 per week.  Someone making $40,000 = $769/wk.  Ohio UC would be $384, plus federal $600 = $984/wk.

 

For many or most, not sure of the issue yet.

At the lower levels, yes.

I think they're trying to account for the not-as-low levels as well, since I believe unemployment is capped at a certain point.  For example, if you were balling along at a $520,000 salary, I don't think they're still offering $5K a week before the $600 kicker.  I don't recall what the cap is, but I believe there is one.
 

posted by iclfan2

This program should help a lot of small businesses. I have been looking into it for my company too. My question is, what happens if you already laid people off (we didn't). Do they lose this free loan opportunity?  

They don't lose eligibility as long as they hire back all employees that they laid off as a result of the crisis.

And if they keep all those employees employed for (I think) a year after the loan, whatever remains on it is forgiven anyway.  It gets switched to a grant, I guess.  Also, I believe the payments on the loan are deferred for at least six months.

I'm actually surprised at how little press it's gotten.  I only know about it because my mom is a Relationship Manager at Key Bank, so they've been basically calling all small business accounts and getting them set up with as much of what's available as possible.

If you have a business banker, I recommend calling them.  If not, at least call up your bank and talk to them about options.

posted by QuakerOats

 

 

 

In Ohio (at least) you can make as much or even more by being laid off, especially at the lower income levels.   Ohio unemployment is 50% of your weekly wage, and the feds are throwing in an additional $600 per week.  Someone making $40,000 = $769/wk.  Ohio UC would be $384, plus federal $600 = $984/wk.

 

For many or most, not sure of the issue yet.

The extra $600 is nice but I feel bad for the workers of grocery stores/gas stations etc making $10-$12 an hour bringing home half that per week. Having to work being exposed every shift for little pay. Would be nice if they got some sort of hazard pay at some point. Will never happen though. 

posted by iclfan2

This program should help a lot of small businesses. I have been looking into it for my company too. My question is, what happens if you already laid people off (we didn't). Do they lose this free loan opportunity?  

Found some decent info on it:
https://eig.org/news/understanding-the-paycheck-protection-program

Only reason I know what her company's protocols were is because my wife works as a CNA working with the terminal/elderly in their homes. Those that don't want to die in a hospital. 

They need more help than just the once a day a nurse comes to check on them.

My wife's company has had their own protocols but my wife, knowing my cousin does the same thing but as an actual nurse, called her and double checked what her company's protocols were with visiting your parents so to speak (my wife's parents are also in their mid 60s).

My wife's company and my cousin's company had the same answer. You aren't working directly at a hospital where 95% of the COVID-19 cases are going initially (before being treated or sent home), your patients are relatively isolated (typically only their spouses at the house) and don't get many visitors, and your patients have other illnesses, not COVID-19.

For those reasons they were told they could live "like the rest of the population" right now (not going to parties, but can visit family).

My wife has visited her parents, I have seen my parents a couple times per week (in their early 60s), and my cousin, yes as evil as she is, had seen her mom. But she had double checked with her superiors beforehand to verify it was ok.

posted by O-Trap

At the lower levels, yes.

I think they're trying to account for the not-as-low levels as well, since I believe unemployment is capped at a certain point.  For example, if you were balling along at a $520,000 salary, I don't think they're still offering $5K a week before the $600 kicker.  I don't recall what the cap is, but I believe there is one.
 

posted by iclfan2

This program should help a lot of small businesses. I have been looking into it for my company too. My question is, what happens if you already laid people off (we didn't). Do they lose this free loan opportunity?  

They don't lose eligibility as long as they hire back all employees that they laid off as a result of the crisis.

And if they keep all those employees employed for (I think) a year after the loan, whatever remains on it is forgiven anyway.  It gets switched to a grant, I guess.  Also, I believe the payments on the loan are deferred for at least six months.

I'm actually surprised at how little press it's gotten.  I only know about it because my mom is a Relationship Manager at Key Bank, so they've been basically calling all small business accounts and getting them set up with as much of what's available as possible.

If you have a business banker, I recommend calling them.  If not, at least call up your bank and talk to them about options.

 

It is an 8 week look-back period from the loan origination date.  If the amount borrowed is spent on the prescribed expenses, i.e. payroll, utilities etc..then the loan is forgiven (free of the tax on the forgiveness of debt). The forgiveness can be reduced based on certain factors.

posted by QuakerOats

 

It is an 8 week look-back period from the loan origination date.  If the amount borrowed is spent on the prescribed expenses, i.e. payroll, utilities etc..then the loan is forgiven (free of the tax on the forgiveness of debt). The forgiveness can be reduced based on certain factors.

Gotcha.  Good to know.  Thanks for clearing that up.

posted by QuakerOats

 

It is an 8 week look-back period from the loan origination date.  If the amount borrowed is spent on the prescribed expenses, i.e. payroll, utilities etc..then the loan is forgiven (free of the tax on the forgiveness of debt). The forgiveness can be reduced based on certain factors.

PS – this is a YUGE program that will greatly help employers retain employees so they are there when we get through the knothole and need to ramp back up.

posted by O-Trap

Found some decent info on it:
https://eig.org/news/understanding-the-paycheck-protection-program

Thanks. We've been in contact our bank as well as our tax accountant. We were first worried about eligibility but I think we are good now. It's a good thing to bc we are 100% tourism based and our income in the future won't be there. We were worried about having to lay-off or go to 3 or 4 day weeks. 8-10 weeks of full forgiveable loans should help out a ton of small businesses. People should really apply as soon as possible too, we are going to try and be able to on Friday when the application process can be received by the SBA.

posted by O-Trap

Gotcha.  Good to know.  Thanks for clearing that up.

Still some moving parts…more later today/tomorrow