SkyscraperPage Forum - How Is Covid-19 Impacting Life in Your City?

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Quote:

Originally Posted by Vlajos (Post 8876095)

People that are employed with good income should get 0. The support should go to unemployed.

The reason the checks as part of the stimulus package got bipartisan support is because they serve a dual purpose, one part of which makes Democrats happy and the other Republicans.

The Dems are pleased because "working class" voters are getting the money. Republicans are pleased because those same people are more like to spend it promptly than people with a bit more and that benefits businesses, small and large.

That's how an economy works.

As for the unemployed, they are getting larger and longer unemployment benefits AND a $600 kicker which results, for some, in the situation that so perturbed Lindsay Graham: Some of the unemployed may, for a while, be getting more money not working than they were getting in pay. It is truly Christmas in March.

Quote:

Originally Posted by dave8721 (Post 8876070)

Yes I get 0. At least we aren't out of work so cant really complain

We get zero too. But not complaining. We don't need the money.

Quote:

Originally Posted by subterranean (Post 8876105)

I don't think you quite understand how an economy works.

If my family received a $1200 check, which thankfully we don't need as we are both employed. it would go directly to a savings account to prepare in case of us losing our jobs. That money would do nothing for the economy.

Thankfully the government cut off giving this to families over something like incomes over $100k.

From what I've read online, if you didn't do direct deposit for a previous income tax refund, you'll (the people who qualify) be getting a check that won't get mailed out until 3 or 4 months from the passage of the bill. If you did have direct deposit for your last refund, it'll come within a number of weeks after the passage of the bill.

EDIT: That 3-month period for live checks is based on the last time a stimulus check went out: https://www.cnn.com/2020/03/27/polit...nts/index.html

My husband and I also don't qualify and I am happy to see the money go to those that need it (fingers crossed for our jobs). It's devastating to walk around Astoria and see everything that is shuttered or running at minimum and thinking about the people not working right now. I think about my hair stylist of 10 years (all salons are shut), my friends at our local Starbucks who know my name and order, all the wait staff at the restaurants that are closed. It's heartbreaking.

Quote:

Originally Posted by Vlajos (Post 8876156)

What do you think the bank would do with it?

That's actually a harder question to answer than it might seem in times like these but in normal times, when there is demand for loans, the bank would lend it to a business that would employ people. It still would now if anybody wants to borrow.

As for who gets it, the cutoff for the full amount is $75,000 for individuals, $150,000 for couples filing jointly. Up to $99,000 for individuals and $198,000 for couples, you get something (I believe it declines $5 for every $100 you made above $75,000).

The income caps are based on adjusted gross income.

We should be getting the full married couple amount. It will cover one month's mortgage, I suppose.

I own my own business and have an S Corp. My work is drying up. I'm not eligible for unemployement benefits. My only remedy would be to take out a small business loan and sink it into my company account. We can weather some number of months with me not getting retained for new assignments. I'm loathe to take on any new debt. I guess it's wait and see for me, for at least the next few months.

Quote:

Originally Posted by tdawg (Post 8876192)

I think about . . . my friends at our local Starbucks who know my name and order . . . . It's heartbreaking.

Your heart should heal for now:

Quote:

STARBUCKS IS GIVING EMPLOYEES EXTRA PAY FOR THE NEXT MONTH
By Jonathan Maze on Mar. 22, 2020

Starbucks is increasing the rate it pays its employees over the next month in locations that remain open as the Seattle-based coffee giant continues to evolve its response to both workers and customers during the coronavirus shutdown.

The company said Sunday that employees who work their shifts through April 19 are eligible for Starbucks Service Pay, worth an additional $3 an hour.

The higher pay follows the company’s decision to continue paying all employees catastrophe pay for the next month, even when they do not come in for their shifts . . . .

Starbucks said it is working with employees impacted by the store closures or adjusted hours by shifting them to other locations or providing catastrophe pay. It is also providing free counseling and has expanded its child care program for employees who need it as a result of school closures.

https://www.restaurantbusinessonline...pay-next-month

Sometimes there are advantages to working for a giant corporation.

Quote:

Originally Posted by Crawford (Post 8876147)

We get zero too. But not complaining. We don't need the money.

I'll not be getting it. Whether I need it, I won't know for a while. I live partially off dividends. Not only do I have huge paper losses but I expect to see those dividends cut, reducing my income, but companies announce these things one by one so it takes a while to see the full damage.

Until I know more, I am conserving cash by, for example, not paying my taxes for a while (we now have until July 15). I also recently paid for some home repairs using my equity line rather than cash which I previously intended to do.

Buck-passing extraordinaire:

Quote:

‘We were not given a warning’: New Orleans mayor says federal inaction informed Mardi Gras decision ahead of covid-19 outbreak
By David Montgomery, Ariana Eunjung Cha and Richard A. Webster
March 26, 2020 at 8:35 p.m. MST

NEW ORLEANS — More than a million dancing, singing, bead-catching celebrants packed the streets of the French Quarter and other venues across this city in the weeks leading up to the sprawling open-air party that is Mardi Gras.

There was little worry during the February festivities about the new virus that had infected a few dozen people in other parts of the country. The city's top health official believed the flu "is far more dangerous right now than the coronavirus," she told the Times-Picayune/New Orleans Advocate newspaper.
Thirteen days later, on March 9, Louisiana reported its first case of covid-19. Then came another, and another. Clusters broke out in several nursing homes. The cases popping up across the state were not easily linked to each other, meaning that a galloping community spread was already underway.

A terrible realization began to dawn on residents and political leaders: The famous bonhomie of the world’s biggest free party may have helped supercharge one of the most rapid spreads of the coronavirus, which is now threatening to overwhelm Louisiana’s health-care system and potentially make the state one of the next epicenters . . . .

New Orleans Mayor LaToya Cantrell said canceling or curtailing Mardi Gras was never considered. Federal agencies that are part of planning Mardi Gras every year — including the FBI and Homeland Security — did not raise concerns about the coronavirus, she said. Federal officials who walked the parade route with members of her administration were focused on terrorist attacks.

“We were not given a warning or even told, ‘Look, you know what? Don’t have Mardi Gras,’ ” she said . . . .

“Leadership matters,” Cantrell said. “And if the federal government is not responding to or saying that we’re potentially on the verge of having a crisis for the pandemic coming to the U.S. — that would change everything. But that wasn’t happening.”

https://www.washingtonpost.com/natio...5b5_story.html

On the same day New Orleans was partying, Feb 26, San Francisco's mayor was declaring a "State of Emergency" in another city that hadn't, at that point, had any cases either.

New Jersey Spread. Given proxy to NYC, its expected. North NJ is a disaster.

https://aws1.discourse-cdn.com/busin...db8fd1afa.jpeg

Bergen County especially and Hudson. Essex as well.

Why haven’t it spread to Philadelphia area? Have they prepared some sort of contention or it’s about to catch them as well?

Given the massive spread we’ve seen from Mardi Gras is anyone else waiting for the hammer to fall from the Spring Break crowds we saw along the Southeast coast?

Quote:

Originally Posted by yuriandrade (Post 8876317)

Why haven’t it spread to Philadelphia area? Have they prepared some sort of contention or it’s about to catch them as well?

It has, just that the diagrams or figures only cover NJ and NYC/Proxy counties to NYC. ABC7 is a local NY news channel that has emphasis within NJ/5 boroughs/proxy NY counties (Long Island, West Chester, Rockland...) for example.

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