Economic implications of a SARS/Coronavirus outbreak

[PZ99]

I can't believe the author actually got to 70 years after eating that cookie

 

[Smurf1976]

Victorian government getting sued. Honestly, only a matter of time until this happened.

Suing the Victorian government does set a precedent that I suspect business won't be at all happy with in due course.

It's suing the middleman for the actions of others and I can see business being rather unhappy when that can of worms is opened. Airlines, car manufacturers, builders and retail in particular are wide open to that concept more broadly.

 

[macca]

Now Jims Mowing, he claims that his contractors are doing the same work as council workers so should be able to work

Jim’s Mowing prepares multi-million-dollar lawsuit against Victorian Government over stage 4 lockdown
Jim’s Mowing is preparing a multi-million-dollar lawsuit against the Victorian Government as lockdown hits more than 600 contractors.

https://www.news.com.au/lifestyle/h...n/news-story/ecfa04c7309a37effd5c2bb9778850ef

 

[over9k]

He kind of has a point though - like in the U.S where everything was locked down... unless you wanted to go to a protest.

The lack of consistency is what's irked people the most. I can't open my business to the public but the public can go to a protest?

They have a point.

 

[cutz]

The lack of consistency is what's irked people the most.

Yep, it's extremely disheartening when our requests for compassion are denied, we are just told to suck it up but on the other hand sportspeople to give one example can come and go without restrictions.

 

[Sdajii]

The excuse for giving the the BLM protest/mass gathering the go ahead was 'it will cause a huge outcry if we don't allow it'

So the allow that and stop people from visiting their own friends and family or going to their favourite place to go for a walk alone or running businesses or being able to go anywhere to buy clothing during winter etc etc etc... and they have the nerve to act like being prevented from these fundamental human activities for months on end are not going to result in an outcry.

It's amazing how many idiots in the public take this dumpster fire of a government seriously. The government has actually successfully convinced a large amount of the public that it makes sense to simultaneously say we can't possibly stop a protest rally for a cause which doesn't even have a genuine basis, because it will cause unrest, but we can keep people locked up, out of work, destroy their businesses, their ability/right to exercise, their ability to socialise or go shopping, their freedom of movement, and more, for months, and if that causes any sort of backlash it was unforeseeable? It's either the stupid leading the stupid or the corrupt and deliberately destructive leading the stupid.

 

[over9k]

The excuse for giving the the BLM protest/mass gathering the go ahead was 'it will cause a huge outcry if we don't allow it'

So the allow that and stop people from visiting their own friends and family or going to their favourite place to go for a walk alone or running businesses or being able to go anywhere to buy clothing during winter etc etc etc... and they have the nerve to act like being prevented from these fundamental human activities for months on end are not going to result in an outcry.

It's amazing how many idiots in the public take this dumpster fire of a government seriously. The government has actually successfully convinced a large amount of the public that it makes sense to simultaneously say we can't possibly stop a protest rally for a cause which doesn't even have a genuine basis, because it will cause unrest, but we can keep people locked up, out of work, destroy their businesses, their ability/right to exercise, their ability to socialise or go shopping, their freedom of movement, and more, for months, and if that causes any sort of backlash it was unforeseeable? It's either the stupid leading the stupid or the corrupt and deliberately destructive leading the stupid.

Agreed. Problem is, those loons at the protests are andrews' left wing constituents/voterbase, and he can't exactly go upsetting them or pointing to the very obvious fact that they're the ones responsible for respreading the infection, can he?

 

[Sdajii]

Agreed. Problem is, those loons at the protests are andrews' left wing constituents/voterbase, and he can't exactly go upsetting them or pointing to the very obvious fact that they're the ones responsible for respreading the infection, can he?

What point are you trying to make when reiterating my point? Are you justifying it or saying it was appropriate? Or do you acknowledge this is a problem which people should be alarmed about and oppose?

 

[over9k]

I was pointing out the political situation. The finger isn't and is not going to be pointed at the real problem, which means it's going to be repeated.

Victoria is boned.

 

[satanoperca]

Victoria is boned.

Time for those to be warriors again and fight for freedoms - so simple. We are not that far in time, when one had to fight for freedoms, we have become complacent as a nation, WEAK, pathetic.

The rule of nature, still applies, the strong will survive, the weak will perish. Nothing has changed in the evolution of species, except some lefty/righties think it has not.

 

[SirRumpole]

Agreed. Problem is, those loons at the protests are andrews' left wing constituents/voterbase, and he can't exactly go upsetting them or pointing to the very obvious fact that they're the ones responsible for respreading the infection, can he?

So shouldn't the Federal government be sued as well as they introduced the initial shutdowns ?

It all sounds like a lawyers picnic. Governments are damned for doing to much or too little, I can't see an open and shut case of negligence. Maybe the security guards who fell asleep or the company they worked for could be sued as well.

Here's one legal opinion.

https://www.abc.net.au/news/2020-04-06/coronavirus-law-class-action-negligence/12113220

 

[over9k]

I'm not a lawyer so I have no idea, but I suspect things like duty of care etc etc are going to come into it.

 

[cutz]

Independent think tank Grattan Institute presents the arguments of why the Prime Minister and National Cabinets decision to go for zero cases is the correct one.https://www.theage.com.au/national/victoria/arguing-against-lockdowns-this-is-why-you-re-wrong-20200828-p55q98.html

I found the article above to be extremely condescending for want of a better word, the arguments against to be flawed, alarmist, narrow minded, lacking the big picture, amateurish, reading it left me annoyed, found it surprising that is was picked up by The Age.

Actually I was not going to comment on the above it but I read this morning an excellent piece below from a better qualified individual.

My faith in some media has been somewhat restored.

https://www.abc.net.au/news/2020-09...coronavirus-restrictions-uk-covid-19/12619264

 

[wayneL]

I found the article above to be extremely condescending for want of a better word, the arguments against to be flawed, alarmist, narrow minded, lacking the big picture, amateurish, reading it left me annoyed, found it surprising that is was picked up by The Age.

Actually I was not going to comment on the above it but I read this morning an excellent piece below from a better qualified individual.

My faith in some media has been somewhat restored.

https://www.abc.net.au/news/2020-09...coronavirus-restrictions-uk-covid-19/12619264

Such an interesting point re the lifesaving drugs.

 

[wayneL]

 

[over9k]

So the data was released today and it shows that Australia is in its first recession since 1991.

I am shocked.


Jokes aside, the contraction was actually slightly larger than anticipated, but only by a little bit. XAO/XJO didn't care and bounced more than yesterday's entire contraction.

 

[satanoperca]

So the data was released today and it shows that Australia is in its first recession since 1991.

I am shocked.


Jokes aside, the contraction was actually slightly larger than anticipated, but only by a little bit. XAO/XJO didn't care and bounced more than yesterday's entire contraction.

The contraction was larger than anticipated, who anticipated the smaller contractions than what was otherwise anticipated, by those that can anticipated.

Recession, you close down society and everything should remain as sunshine and lollipops.

The current figures will look tame, once the cocaine stops being supplied by the Feds.

 

[cutz]

XAO/XJO didn't care and bounced more than yesterday's entire contraction.

Haven't been following the news due to all the corona bull-dust being spruked by the media at the moment.

A stock I watch closely BHP had an unusual amount of call assignments this morning, maybe some short covering with BHP being pushed into September's open interest zone causing some heavy option volume and some more argy-bargy into tomorrows ex divi and there's your bounce.

Dunno, I wouldn't get too excited about todays exuberance, is all smoke and mirrors, our economy is in tatters, our state polis have made sure of that !!

 

[Smurf1976]

The current figures will look tame, once the cocaine stops being supplied by the Feds.

I don't disagree with your thoughts but I'd argue that the pandemic and shutdown is a trigger not just a cause.

Plenty of people have been lamenting problems in the underlying economy for years now. There's plenty of threads on this forum where that has come up and plenty of discussion in the wider community as well.

Highest in the world or close to it costs for just about every important business and consumer input and an economy that relies very heavily on resource extraction and population growth.

It was always going to end in tears, the only questions were when and with what trigger but that which is inherently unsustainable always comes to a halt at some point. Those exact words or very close to it have been said by many over an extended period and now we know the answers.

The pandemic and lockdowns pushed the structure over but the termites have been eating it for years now so it was always going to happen at some point.

 

[Knobby22]

Some facts




And as Josh Friedan said, Australia would be doing even better if it wasn't for Victoria.