Business, Economics, and Taxes: Capitalism. Yay? >=(

[aparch]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

CNN says to expect another 3.5 Mil initial jobless claims tomorrow.

That would be:

March 1-7 = 211,000 initial claims added to unemployment
March 8-14 = 280,000
March 15-21 = 3.3 Mil
March 22-28 = 6.6 Mil
March 29-April 4 = 6.6 Mil
April 5-11 = 5.3 Mil
April 12-18 = 4.4 Mil
April 19-25 =

+3.5 rumored = ~30.2 Million unemployed in the last six weeks.

[rufus]

CNN says to expect another 3.5 Mil initial jobless claims tomorrow.

That would be:

+3.5 rumored = ~30.2 Million unemployed in the last six weeks.

Any of these people filing actually got an unemployment check yet?

[aparch]

Any of these people filing actually got an unemployment check yet?

Welp, my wife has been getting her check since she was laid off March 19th. But we're in Illinois. ¯\_(ツ)_/¯

[The Rube]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

I work for a bank, one of the biggest 5 in the nation. My bank gets sued quite often. We seemed to get fined more often than sued some years. Holding an officer title ([Division Officer), VP, P, EVP, C?O) has meaning. To go with the perks - sometimes very few - the title brings, it means you can be named much more easily in a lawsuit brought both by the government and any party suing the company.

The naming in lawsuits, yeah that sucks. I suppose I was referring to the peacocking that comes with that title, actual responsibility (relatively), etc.

[MinnesotaNorthStar]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

The naming in lawsuits, yeah that sucks. I suppose I was referring to the peacocking that comes with that title, actual responsibility (relatively), etc.

But that's going to vary from company to company, and the smaller the company, the more it probably means.

[The Rube]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

But that's going to vary from company to company, and the smaller the company, the more it probably means.

She was large bank. She flat out said that there were a LOT of VP titles.

[MinnesotaNorthStar]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

She was large bank. She flat out said that there were a LOT of VP titles.

Large banks weren't applying for these loans, my old company had maybe 10ish VP's and they were too big to apply for the loans in question.

[The Rube]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

Large banks weren't applying for these loans, my old company had maybe 10ish VP's and they were too big to apply for the loans in question.

Big banks are giving out the loans, though.

[aparch]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

New initial jobless claims: 3.8 Mil
Continuing claims: 17.99 Mil

[mookie1995]

Every "expert" I've heard on CNBC has the same conclusion this past month: market don't care.

Markets trade in future results, not the past

[FadeToBlack&Gold]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

She was large bank. She flat out said that there were a LOT of VP titles.

Say you're VP of the Butthole Division. Stick around long enough, and you become Executive VP of Large Intestine Operations...then Sr. Executive VP of the Colon Division...and then maybe you're C-level material (usually still full of sh*t though ).

[Deutsche Gopher Fan]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

Yes, give the money to the job creators!

the same folks who were eager to spend trillions on tax cuts for big corporations and wealthy heirs are “wary” of giving hazard pay to the people saving lives and sustaining the country. https://t.co/huh1FgHFhC

— b-boy bouiebaisse (@jbouie) April 30, 2020

[Deutsche Gopher Fan]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

2020, baby. pic.twitter.com/7erVATesOL

— Quinn Cummings (@quinncy) April 30, 2020

[Transplanted Tiger Fan]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

So here’s a cute twist... Employee A is furloughed for a number of weeks, receives unemployment benefits and a $600 weekly “COVID-19” benefit. Employee B is on a Work Share program, working 4 days of the week and receiving unemployment benefits for the one day they are off (unpaid) and a $600 weekly “COVID-19” benefit. Employee B is making more in Work Share, and Employee A... below a certain threshold income... is making more than if the were working normal hours. If they are above that threshold ($46,000?), they are making less.

From what I understand, employees are eligible for the $600 weekly “COVID-19” benefit if they lost any hours as a result of the “COVID-19” outbreak... not all of their hours, any hours.

Fascinating.

[The Rube]

Re: Business, Economics, and Taxes: Capitalism. Yay? >=(

Say you're VP of the Butthole Division. Stick around long enough, and you become Executive VP of Large Intestine Operations...then Sr. Executive VP of the Colon Division...and then maybe you're C-level material (usually still full of sh*t though ).

VP, VP, VP. Ever see "American Psycho"? Large businesses hand out VP titles like candy.