Economic implications of a SARS/Coronavirus outbreak

[MrChow]

Italy cases and deaths down 2 days in a row.

Would fit the logic of a 14 day shutdown if they decreased towards the end of that period.

Huge stimulus and Trump not wanting elongated shut downs.

Speculative call XAO 5000 tomorrow (+10% in 2 days)

 

[IFocus]

SP, Aldi, Anstruther yesterday busy but lot of stock they also had security and yeah crime will be a big problem now and longer term

 

[satanoperca]

Italy cases and deaths down 2 days in a row.

Would fit the logic of a 14 day shutdown if they decreased towards the end of that period.

Viruses knock out the weak first, those over 70 years of age.

2 Days means nothing, maybe 2 weeks is a better sample, but the question arises, if and when they remove restrictions can this flare up again.

All it takes is one person and here we go again.

As for you 10% rise on the ASX, love your enthusiasm, with unemployment to spike hard in the next 10 days, the ASX will be under what it is today. Bet you and 10 of your mates a beer at the local pub.

 

[basilio]

Minister Stuart Robert went onto Alan Jones program this morning to explain the collapse of the My Gov website on Monday.
Apparently he dug himself half way to China.

Stuart Robert’s incompetence on MyGov should accelerate his own social isolation
Katharine Murphy
From fanning national anxiety with claims of a cyber-attack on MyGov, to a lack of empathy for the jobless, the government services minister has no grasp of the gravity of our times

....Robert told “Alan” he’d prepared over the weekend for traffic on the site to increase from 6,000 to 55,000 visits. “I didn’t think I’d have to prepare for 100,000 concurrent users,” Robert said.

“My bad for not realising the sheer scale of the decision on Sunday night by the national leaders that literally saw hundreds and hundreds of thousands, maybe a million people, unemployed overnight.”

My bad? My bad? Really? That’s all you’ve got?

My bad suggests this minister has no grasp of the gravity of the current circumstances. He seems to have little grasp of how the systems he administers actually work. The facts he recounted to Jones are strongly suggestive of arms of government not talking to other arms of government. How do you impose a lockdown on Sunday night that puts (as Robert acknowledged) a million people out of work and then estimate only 50-odd thousand will flood MyGov on Monday morning? How do you not comprehend that many Australian workers, particularly in casual gigs, are living hand-to-mouth and need help now, not in a month?

https://www.theguardian.com/world/2...ov-should-accelerate-his-own-social-isolation

 

[satanoperca]

"Robert told “Alan” he’d prepared over the weekend for traffic on the site to increase from 6,000 to 55,000 visits. “I didn’t think I’d have to prepare for 100,000 concurrent users,” Robert said."

Big difference, between visits over a 24 hour period and 100,000 concurrent users within say 3 minutes.

Dumbarse pollies. I will bet 100% that someone warned him

 

[barney]

Government urging people to go home as lines form around Centrelink offices,

I watched that and cringed ….. All the people standing shoulder to shoulder I mean ….

It took me 5 seconds to suggest to my wife: Instead of letting them all stand there for hours in a perfect "transmission" scenario

Why didn't they give everyone a ticket in order, take their phone numbers, and call them back to say their appointment would be within the next 1/2 hr or whatever, when it was their turn.

There would have been no queues and everyone would have been seen in turn.

Those that stood there for 5 hours and still didn't get in would have been ready to explode especially when told come back tomorrow and 'try again'.

 

[Junior]

They are making Newstart far easier to claim, and doubling the payment. Plus the one-off payments of $750. Plus potentially 1,000,000 Australians losing their jobs overnight. AND they are going to rely on MyGov and the ATO to administer Early Access from Super payments..... the system is going to completely collapse.

 

[basilio]

They are making Newstart far easier to claim, and doubling the payment. Plus the one-off payments of $750. Plus potentially 1,000,000 Australians losing their jobs overnight. AND they are going to rely on MyGov and the ATO to administer Early Access from Super payments..... the system is going to completely collapse.

You mean it was operating like a well oiled machine before ? No glitches ? No infuriating failures ?

Absolutely right. Frankly I don't think the government (as distinct from permanent Centerlink staff) gave a rats rectum about the challenges, loops, traps and pitfalls they put in the way of people attempting to claim Newstarve. Honestly I think they were just tools to make it more difficult for people to get on social security.

They now have to reverse years of deliberate neglect in a week to ensure a million people out of work don't get panicked or piszed off.

More importantly they have to achieve this so their friends in the banks and housing markets can get their house payments and rent paid on time.

 

[Smurf1976]

the system is going to completely collapse

What we are seeing there is the consequence of having parliament filled with people who haven't a clue about anything technical be it IT, medicine, engineering or anything else and who generally hold people who do know about such things in fairly low regard.

If anyone tried to warn the Minister and suggest doing it a different way, they'd likely find themselves becoming one of the people trying to access the system rather than the one running it.

 

[MrChow]

The government's allowing people to withdraw $20k from super.

So if you put $500 back each year (which is matched by them) for 40 years you end up with an extra 20k.

If you stop realising gains on investments to pass centrelink income test you can get $28k for a year.

These seem like very generous levers if someone's financially independent already.

 

[Humid]

What we are seeing there is the consequence of having parliament filled with people who haven't a clue about anything technical be it IT, medicine, engineering or anything else and who generally hold people who do know about such things in fairly low regard.

If anyone tried to warn the Minister and suggest doing it a different way, they'd likely find themselves becoming one of the people trying to access the system rather than the one running it.

Dickheads with law degrees

 

[qldfrog]

honestly anything gov and IT is a disaster, my gov, mygovid, superchecking system as an employer, even filling your BAS on line has a 20% of finding a site down or not on...
....filling a tax return then trying to modify an ATO input error..6 months and counting, inc giving up and having an accountant involved for what should be a 1s correction..And now these guys are going to work from home..... and manage many many more requests

 

[wayneL]

honestly anything gov and IT is a disaster, my gov, mygovid, superchecking system as an employer, even filling your BAS on line has a 20% of finding a site down or not on...
....filling a tax return then trying to modify an ATO input error..6 months and counting, inc giving up and having an accountant involved for what should be a 1s correction..And now these guys are going to work from home..... and manage many many more requests

Gov IT is one of the few triggers that is guaranteed to send me onto a bender. Who the hell to they hire for these projects?

 

[Dona Ferentes]

Getting back to the reality. The Govt will move to Stage 2 tonight. Lockdown looms

 

[qldfrog]

honestly anything gov and IT is a disaster, my gov, mygovid, superchecking system as an employer, even filling your BAS on line has a 20% of finding a site down or not on...
....filling a tax return then trying to modify an ATO input error..6 months and counting, inc giving up and having an accountant involved for what should be a 1s correction..And now these guys are going to work from home..... and manage many many more requests

I spoke too soon, and may have to apologize to the ATO, received tonight my missing tax reimbursement $903 due to an input error from their part..6 months and a few days it took, 4 phone calls (each a real adventure in delays drama,etc) and a physical visit (which did not really help either) around 12h of my time..
I also received an email tonight telling me to go to mygov for some new communication presumably a new notice of assessment
Guess what:

I am NOT joking and I am not even trying to access Centerlink yet
With this crisis, the whole infrastructure is collapsing, imagine when workers will be sick and gone

 

[satanoperca]

F--k me, you people are so weak, you are only wondered about what you can get, ******* selfish.
What the govnuts can give to you, what happened to men being men, leaders being leaders.
You all deserve the virus, the weak and pathetic, self serving, only out for themselves.
No strength, no conviction, pathetic, we deserve the virus. clean out the weak.

 

[Humid]

Viruses knock out the weak first, those over 70 years of age.

2 Days means nothing, maybe 2 weeks is a better sample, but the question arises, if and when they remove restrictions can this flare up again.

All it takes is one person and here we go again.

As for you 10% rise on the ASX, love your enthusiasm, with unemployment to spike hard in the next 10 days, the ASX will be under what it is today. Bet you and 10 of your mates a beer at the local pub.

Pubs closed Satan

 

[satanoperca]

F---k you, nothing to do with pubs, grow some balls and have a statement
You are apathetic, just another one who is accepts the status quo until you have to fight for survival

 

[Tumbarumba]

F--k me, you people are so weak, you are only wondered about what you can get, ******* selfish.
What the govnuts can give to you, what happened to men being men, leaders being leaders.
You all deserve the virus, the weak and pathetic, self serving, only out for themselves.

No strength, no conviction, pathetic, we deserve the virus. clean out the weak.

satanoperca,
Please sir is it ok for me to like your post?
Thankyou

 

[matty77]

F--k me, you people are so weak, you are only wondered about what you can get, ******* selfish.
What the govnuts can give to you, what happened to men being men, leaders being leaders.
You all deserve the virus, the weak and pathetic, self serving, only out for themselves.
No strength, no conviction, pathetic, we deserve the virus. clean out the weak.

men being men. Someone loses their job and literally cant feed their family, but if they just "man up" everything will be OK? What the hell is wrong with you. I have absolutely no doubt you are one of those oxygen thieves who bought all the toilet paper for yourself and would refuse to let anyone have any even if you had half the stash in the world.

People like you are what is wrong with the world today, no compassion, selfish. I pity you.