CoVid-19 Part IX - 785 cases ROI (3 deaths) 108 in NI (1 death) (20 March) *Read OP*

wakka12 wrote: »

Its not that high. 1000 people die worldwide daily from flu, Europe is about 5-8% of the world's population.

its more around 1800

maebee wrote: »

Proof of what a w**ker you are

Getting none this while i guess calm down matey

Ok, don't ridicule this idea but seeing as we're hoping that older people will cocoon themselves, is there any such thing as a phone number that they can ring for a chat or something if they are lonely, particularly older people without family?

Mervyn Skidmore wrote: »

Ok, don't ridicule this idea but seeing as we're hoping that older people will cocoon themselves, is there any such thing as a phone number that they can ring for a chat or something if they are lonely, particularly older people without family?

Alone have set up a hotline for the Elderly to call

rossie1977 wrote: »

Printing tons of new money would just lead to inflation and possible hyperinflation where money becomes totally worthless.

So that's a terrible idea.

Getting gas, electricity, landlords and mortgage lenders to suspend all required payments for 4-8 weeks like in France is much better option

So every utility company and bank in existence loses no income, but joe public still has to pay 100% (plus extra interest in the case of mortgages and bank loans) after losing out on 4-8 weeks of income. Looks like more socialism for the rich and capitalism for the poor.

Inflation has been way too low the last number of years. We could do with it being higher.

If, and it's a big damn if, inflation looked like it was getting too high, there are loads of tools available to rein it in. But I seriously doubt a one off payment to everyone would lead to hyperinflation.

Edit: Literally no chance of hyperinflation: "Economists usually follow Cagan’s description that hyperinflation occurs when the monthly inflation rate exceeds 50% (this is equivalent to a yearly rate of 12,874.63%)."

There's greater chance that we all die from covid 19 than helicopter money causing hyperinflation in the recession we're facing into.

Strazdas wrote: »

Those demanding a lockdown are probably isolated / loners and wouldn't even be impacted by it. It's a different for the broader society who are used to socialising and not being prisoners in their own home....it would hit them hard if it went on too long.

I keep saying it, the government (western governments) have a few weeks tops to play with here. After that people will seriously start getting aggravated. Also an economic cost benefit analysis will have to be made soon. We cannot shut down 82% of the economy for long. Don’t mean to be insensitive but the virus is harmless to 96% of us. The only long term solution, until next years vaccine is ready, is getting back to normal whilst maintaining self isolation for vulnerable people, getting more ICU beds, ventilators and trying existing medications (chloroquine, favipiravir, remdesivir). More people will be harmed by an economic depression than Coronavirus.

Oh!

Hobgoblin11 wrote: »

link to proof?

The 1930s

tobefrank321 wrote: »

Most if not all have POS devices. The Chinese (yes them) have even more advanced payment methods like Alipay and Wechat.

There's numerous advantages to going cashless - hygiene, fewer robberies and theft and also eliminate black economy practices and under declaration of income to the taxman ie cash jobs.

PCI compliance requires credit card machines, say from Ingenico. This is so they don't send un-encrypted card numbers over a wire which allows for say malware skimming numbers.
Most of these credit card machines have contactless built into hardware for maybe a decade now.