Covid - 19

[FriscoDawg]

I bet it’s way higher then that even. I’m betting 500,000 easily.

Published 2 hours ago
China could have 50 times more coronavirus cases than claimed, Trump administration official says


As the international community, including Chinese citizens, raises questions about the Chinese government's tally of coronavirus cases and the communist nation's mortality rate, new details are emerging about just how far off official government calculations have likely been, Fox News has learned.

Last week, the People's Republic of China increased their official count of fatalities inside Wuhan, the epicenter of the virus outbreak, by 50 percent in just one day, increasing the overall tally by 1,290 people.

US OFFICIALS CONFIRM FULL-SCALE INVESTIGATION OF WHETHER CORONAVIRUS ESCAPED FROM WUHAN LAB

Now, a Trump administration official tells Fox News they estimate the PRC has miscalculated and underreported the true tally nationwide by at least a factor of 50. “PRC numbers as reported today seem to be arithmetically impossible,” the official said.

“Again, we don’t know the real numbers today, but we do know the about 80,000 infections and 4,000 deaths as reported by the Chinese Communist Party propaganda are not even remotely close,” the person added.

Intelligence sources, asked about recent reports of funeral homes in Wuhan becoming overwhelmed by the volume of new corpses and plagued by a shortage of urns to hold virus victims' remains, declined to confirm the existence of classified satellite images. They did affirm, however, that the reporting is within the realm of possibility based on the evidentiary record.

COVID-19 vaccine: The ethical dilemma of 'human challenge trial'Video
In support of this claim, officials point to the existence of seven funeral homes inside Wuhan city with a total incineration capacity of about 2,000 corpses per day. They also flag recent reporting that incinerators have been in near-constant use for 24 hours per day over the past several weeks. They note that, at this rate, the city's incineration capacity nears 60,000 corpses per month.

More

https://www.foxnews.com/politics/chi...-official-says

Also as previously reported, officials in Wuhan didn't order tens of thousands of urns to handle only 4,000 deaths.

[FriscoDog]

Airlines have been doing lots of buybacks to prop up their share prices. Capitalize the gains, but socialize the losses?

Not with any bailout money from the government, because that is not allowed.. Trust me on this.. I happen to know a lot more about this subject than you do..

[Guisslapp]

Not with any bailout money from the government, because that is not allowed.. Trust me on this.. I happen to know a lot more about this subject than you do..

That isn’t what I said. What I said is that they have been doing buybacks. Some responsible companies (Apple, Google, Microsoft, Facebook, Nvdia) sit on billions on cash. The airlines have been using their positive cash flow to buyback shares to inflate their stock price rather than build up big cash reserves. Had they built up their balance sheets they might not need to be bailed out.

I am not sure you know more than I do about this even though you work in the industry - especially if you don’t know what I just said above. I do know that companies receiving bailouts are having to agree to not do buybacks for a period. That doesn’t exactly excuse their previous financial mismanagement which benefitted shareholders at the expense of taxpayers today.

[PawDawg]

Omniscience is achievable for those educated beyond their level of intelligence.

[Guisslapp]

Omniscience is achievable for those educated beyond their level of intelligence.

It is hard to drown in the shallow end of the pool.

[olddog75]

But it wasn’t about the OWNER. That is the point. The owner doesn’t directly profit. He is just a conduit to paying the employees and landlord. That is how the PPP is designed. Airline bailouts do profit the shareholders.

Does it benefit anyone else associated with the airlines?

[PawDawg]

It is hard to drown in the shallow end of the pool.

Be careful. You have been in the shallow end for years.

[tech70]

Everyone who has a job directly and indirectly associated with the industry.

[Guisslapp]

Does it benefit anyone else associated with the airlines?

Airlines would declare bankruptcy and then reorganize. Commercial aviation isn’t going away. The only thing that really changes is the capital structure and owners.

[Guisslapp]

Everyone who has a job directly and indirectly associated with the industry.

They already are being impacted. Flights are being reduced and still flying at reduced capacity.

Less jet fuel getting burned is not good for oil and refining.

Less demand for airplanes which hurts the manufacturers and Thor suppliers.

Etc.

[FriscoDog]

That isn’t what I said. What I said is that they have been doing buybacks. Some responsible companies (Apple, Google, Microsoft, Facebook, Nvdia) sit on billions on cash. The airlines have been using their positive cash flow to buyback shares to inflate their stock price rather than build up big cash reserves. Had they built up their balance sheets they might not need to be bailed out.

I am not sure you know more than I do about this even though you work in the industry - especially if you don’t know what I just said above. I do know that companies receiving bailouts are having to agree to not do buybacks for a period. That doesn’t exactly excuse their previous financial mismanagement which benefitted shareholders at the expense of taxpayers today.

Well consider I am sitting on those officer phone calls with the largest airline in the world, I would probably say I do.. Although I haven't served on Seal Team 6, or been an Instructor at TopGun, or graduated from medical school like you have..

[Guisslapp]

Well consider I am sitting on those officer phone calls with the largest airline in the world, I would probably say I do.. Although I haven't served on Seal Team 6, or been an Instructor at TopGun, or graduated from medical school like you have..

Then you know that American Airlines spent over 95% of its free cash flow in the last decade on share buybacks. They gave back over 12 billion to shareholders in the last 5 years alone in buybacks and dividends.

So, they wouldn’t exactly need a bailout if they didn’t do that, right?

That is my point.

[FriscoDog]

Then you know that American Airlines spent over 95% of its free cash flow in the last decade on share buybacks. They gave back over 12 billion to shareholders in the last 5 years alone in buybacks and dividends.

So, they wouldn’t exactly need a bailout if they didn’t do that, right?

That is my point.

Well you are wrong again.. but it's just not worth going into the details to prove you wrong, Yes they did do some share buybacks but that was only within the last 2-3 years not decades.. A decade ago they were in bankruptcy and emerged in Dec 2013.. almost 2014..

[Guisslapp]

Well you are wrong again.. but it's just not worth going into the details to prove you wrong, Yes they did do some share buybacks but that was only within the last 2-3 years not decades.. A decade ago they were in bankruptcy and emerged in Dec 2013.. almost 2014..

I said in the last decade. Most of their buybacks came in 2015 and 2016.

Over the past 5 years American has been renewing its fleet and has been cash flow negative, taking on debt and returning half of its operating cash flow to shareholders.

But you know that, too.

Which part am I wrong about?

[Guisslapp]

I will give you this, though. Bailing out even the mismanaged airlines is far FAR better than bailing out the bad actors that caused the financial system collapse in 08-09.