Relaxation of Restrictions, Part VI - **Read OP for Mod Warnings**

brisan wrote: »

i honestly do not think you have any idea how the Irish property works or will work in the future
Landlords that drop out will be replaced
Who buys the properties they sell
Either other landlords or people who were renting ,thus reducing the renting pool

patnor1011 wrote: »

Despite Vaccine Hope, Travel Spending Won't Recover Until 2024

Despite the positive news surrounding drugmaker Pfizer and Moderna's COVID-19 vaccine development, along with encouraging results from Oxford-AstraZeneca's vaccine, people should realize that vaccines may not revert today's chaotic world to pre-covid times.

For instance, Microsoft co-founder Bill Gates warned Tuesday at the New York Times' Dealbook conference that the virus pandemic will fundamentally reshape business travel and the office experience forever.

Gates said, "my prediction would be that over 50% of business travel and over 30% of days in the office will go away."

He added, "We will go to the office somewhat, we'll do some business travel, but dramatically less."

What Gates suggests is that structural change, such as video conferencing and remote working, will fundamentally change how corporations conduct business. These changes will have negative impacts on the travel industry and commercial real estate.

Given some of the structural changes in play - it's becoming clear that a vaccine will not be the saving grace as pitched by Wall Street and the Trump administration. The freight train of structural change has left the station as a new economic order is being laid down for the decade ahead and will produce permanent declines for specific industries.

The air travel industry will be one of those to experience a slump that could last for years. Business travel, the backbone of air travel demand, as Gates explains above, will be halved.

For more clarity on this topic, the U.S. Travel Association (USTA) projects travel spending will decline by more than $500 billion in 2020 and may not recover back to pre-covid levels until 2024.

USTA said the dramatic decline in travel spending reflects the plunge in business travel. The group said the travel industry has lost 40%, or 3.5 million jobs, and warned more than one million jobs could be lost if additional government bailouts aren't seen by year-end.

The pessimistic forecast comes as vaccine headlines have generated buzz on Wall Street of an imminent economic recovery. Still, as we highlighted above, no matter what vaccines are commercialized and distributed, there are structural changes underway that will forever reshape how the economy functions.

The development of vaccines is the old "chase the carrot" trick used by the government and Wall Street to remind people how these wonder drugs could take us back to pre-covid days. Just like a carrot was tied to a stick in front of a wagon's mule to make them step forward and walk ahead ... the mule was never able to reach the carrot.

Goodbye cheap air travel and cheap holidays it was good while it lasted

Micky 32 wrote: »

Well i can tell you this when i get access to the vaccine and my family i’ll be hopping on the plane to visit my family without any doubt.

Micky 32 wrote: »

I don’t think many people are listening to Tony about xmas anyway. I was talking to a lady the other day. She has a young family and her husband is away mostly in the UK working. She told me “ He’s coming home for xmas whether the government like it or not” she also added it was hard to get a booking on the ferry practically booked out.

Stormyteacup wrote: »

Have spoken to quite a few people recently who were delighted to secure a restaurant reservation in December for their small group. One or two have booked local hotels too, one for NYE.

Does hospitality know something we don’t? All signs currently are pointing to not a hope of pubs, restaurants and hotels opening for December. Now with NI going into lockdown again for two weeks from 27th November, it’s hard to see how there will be any relaxation of restrictions during December other than a couple of extra people in your own home. Maybe sports/gyms..?

kippy wrote: »

If there are people in this country who think this won't have a financial implication for them at some point, I'd be very surprised.

thebaz wrote: »

Yestreday RTE - yes RTE - were headlining with a story that the second wave was 90% less fatal than the first wave according to our Minister of Health Stephen Donnelly :-

https://www.rte.ie/news/coronavirus/2020/1119/1179261-daily-virus-figures/

Of course today and later last night the story got buried by the non stop NPHET Fear propangda about how we are in all danger / we are not doing ennegh etc etc -

What the **** is going on - am I going crazy but why is this story not been broadcast as the many story today -

thebaz wrote: »

Yestreday RTE - yes RTE - were headlining with a story that the second wave was 90% less fatal than the first wave according to our Minister of Health Stephen Donnelly :-

https://www.rte.ie/news/coronavirus/2020/1119/1179261-daily-virus-figures/

Of course today and later last night the story got buried by the non stop NPHET Fear propangda about how we are in all danger / we are not doing ennegh etc etc -

What the **** is going on - am I going crazy but why is this story not been broadcast as the many story today -

Why can the media not focus on some positivity instaed of non stop misery , and the authorities contintuing to treat the public like bold stupid children.

dalyboy wrote: »

Under a 100 cases won’t happen until May or June as this is an endemic seasonal virus. We are in respiratory infections season atm however it’s easier for NPHET to scapegoat with a blame game strategy.

Last thing they’ll do is admit they fcuked up by not relaxing restrictions in the summer period when we were at 3-5 cases a day.
It’s a further example that NPHET are unfit for purpose

The next few days are crucial.