stephenjmcd wrote: » Yup its staggering based on today's figures. But like we've seen on here the solution from some people is to keep the country in lockdown, ride it out by sitting at home watching netflix on €350 a week. Any fool can see how unsustainable it is. Theres only so much the country can borrow before credit dries up and as you referenced then we have to go running for a bailout again. But I think some here would reckon that's worth it for public health.
Nermal wrote: » https://www.telegraph.co.uk/news/2020/05/05/exclusive-government-scientist-neil-ferguson-resigns-breaking/ Is there anything this man can avoid making a mess of?
JoeA3 wrote: » Ivan Yeats is on fire! Newstalk right now...
is_that_so wrote: » Was there anything on the directionality of it or the environment? Similar claims were made about supercharged sneezes about a month back.
snowcat wrote: » Im no trump supporter. Im an engineer. A study today showed the virus can transmit up to 8m at least from a cough. It is more like cigarette smoke in the region it travels.
Nickindublin wrote: » This will tip us over. We have way too much debt coming into this. The longer we keep the economy lock down the worse its going to be. We have the payments going out etc but the longer these business are closed the more wont re open. We had 200k unemployment approx coming into this. We could end up with 700 k at the end of year. Government income down from a projected 64 Billion to 49 Billion this year. Thats a loss of 14 billion plus we could be paying out for an extra 500k unemployed more than we thought. If the markets change our borrowing costs could flip from low interest to sky rocket rates and that would mean a bailout is required.
Cork Boy 53 wrote: » Indeed. A very Trump like statement.
road_high wrote: » Wouldn’t be too confident they’ll all be back and for long? How much are banks and investors going to be putting up for the next projects? Who in their right minds would be investing in new shops, offices, gyms etc right now with the current mania? Very few I’d imagine.
frillyleaf wrote: » I find it astonishing that the amount we lost in April - due to a pandemic - is only a fraction of what Ireland was bailed out by years ago. I know that is off topic but it is hard to understanding just how massive the bail out was when I look back at it now ! It’s hard to comprehend how much money we owe
is_that_so wrote: » But you still floated it out there like a fake news virus!
Cork Boy 53 wrote: » What evidence other than anecdotes do you have for this claim?
is_that_so wrote: » 140K construction industry to start up in just over in two weeks. I wonder will they bother with the August holidays this year?
snowcat wrote: » Exactly. And if we cocooned the elderly and vulnerable the virus could have continued its progress through the less vulnerable. Allowed those to develop a resistance and ultimately protecting those cocooning. This virus has been in the community a lot longer than people know and as a result any lockdowns were too late with questionable effect. They may have even exacerbated the situation by bringing young infected people into close contact with elderly parents which seems to have happened in Italy. Even in Ireland introducing the lockdown sent thousands of potentially infected University students home to elderly parents. The (well intentioned) idea of cocooned residents in Spain applauding the health services from their balconies could have created a situation where the virus was transmitting in apartment blocks. (I have no evidence of this)
FintanMcluskey wrote: » So only 820k people are feeding the county right now. I think we know why the restriction favouritism is so strong among so many.
Deleted User wrote: » We’ve gone from close to 100% employment to over 20% unemployed and relying on state benefits. More and more people need the Covid payment but we are running out of money to pay it. Don’t be surprised if an emergency budget is called. We’ll be told we all need to come together, by paying way more taxes. We haven’t even saved a life. We’re only delaying a virus with no vaccine. Most of those people we are saving will probably still get the virus and die anyways, just a bit later. And then we have all the deaths of the recession in addition. Cocooning the hell out of the elders and getting back to normality would have been the way to go.
Nickindublin wrote: » With the announcement today of 1.2m getting the dole. Lets say what it is the dole. Then the announcement that we lost 7.5 billion in April was just the icing on the cake. The government needs to now revisit it opening of business plan. IMO opening of pubs wont work. It would be impossible for most pubs bar the ones who serve food or have large outdoor beer gardens. How can the publican be expected to police people without hiring security. Be honest people wont observe social distancing etc after a few drinks. So we need to get restaurants, cafes, barbers open and allow them open longer especially at weekends. Government needs to support the business too with VAT and employers PRSI cuts not delaying payments by 12 months. FG will do a FF and bankrupt the country. Our banks are not that healthy and have been put on negative watch. There all lending as normal but there lending nothing in all honesty. From what i hear everything is being turned down.
FintanMcluskey wrote: » Those countries have obscene death rates without Covid. I imagine you spend all your time worrying about the 50m+ deaths each year
kippy wrote: » One would worry if it takes hold in countries that dont have the resources we have.
Blut2 wrote: » Its actually much worse than this. We're now at over 50% of the working population currently receiving state employment support payments:https://www.rte.ie/news/coronavirus/2020/0505/1136475-covid19-coronavirus-industry/ Thats 1,230,000 people - out of the Irish workforce of 2.4 million - on payment supports. And its going up by thousands every week. And of the remaining 1,170,000 workers approx 350,000 are public servants. All of which means we're down to about 820,000 private sector workers in this country, whos taxes now have to support the other 4.2 million Irish people. If you're reading this and you're one of those 820,000 people... prepare for some pretty serious incoming "covid solidarity measure" taxes, which'll make the USC look like a picnic. The maths here are very, very grim.
Ginger n Lemon wrote: » Not to sound like conspiracy theorists but I think at this stage we can all appreciate this virus has 0.2-0.5% mortality rate. Is anyone concerned that Bill Gates is so keen on vaccinating entire planet? Or is the lockdown getting to me? Despite the obstacles, Gates said: "I know it'll get done. There's simply no alternative." "Humankind has never had a more urgent task than creating broad immunity for coronavirus," he said. "We need to make billions of doses, we need to get them out to every part of the world, and we need all of this to happen as quickly as possible.
There are now 598,000 people dependent on the Covid-19 Pandemic Unemployment Payment, Temporary Wage Subsidy Scheme (TWSS) with more than 427,000 workers having their wages subsidised under the scheme. These figures come on top of around 205,000 people who were already on the Live Register at the end of March.
Nickindublin wrote: » Who will they tax. lol
road_high wrote: » Then there would and could be a major crisis even paying welfare. They won’t let that happen you’d imagine. Emergency budget is a lot more likely after Fridays “plan” because it envisages overly long closures everywhere with the resultant large pressures for longer on state welfare.
