No such rent cuts here. I’m sure I’ll be paying my full rent until my lease runs out (late September). When negotiations start I’ll definitely be demanding a decrease, though. I’m sure they’ll open by proposing a 16% increase (I signed my lease with a “promotional” one year decrease).
I’m also not convinced food prices drop all the way back down. I have a feeling the food supply chain and grocers are going to do the old .99 → 1.29 → 1.09 and brag about how prices are down 15% from the peak and back to normal.
Doesn’t matter ultimately, though, cause they’re first in line unless we replace > 50% of the Dems in Congress with AOC types AND take the Senate and even then I’m not sure.
Well of course, but anything other than boomers fucking the rest of the world is wish casting so we might as well wish cast correctly.
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I don’t think it applies to you at all, but ask if there is any protection for part time workers whose bosses cut their wage rate in half but double their hours so they make the same wages.
Sadly I’m sure I know the answer already but the two-word phrase “pay rate” does appear in the act.
Raise your hand if you’re surprised.
My guess is all of the big businesses that manage to get the loan will “solve” it and most of the little ones will “fail” to solve it on technicalities.
The explanation for both will be pretty simple: lol fuck you.
The advice afterwards from the people who succeeded in gaming the system for their corporate welfare will be: pull yourself up by your bootstraps, snowflakes, this is America, we don’t do handouts here.
The bailout is for shareholders, not lol employees. They can starve, who cares?
PPP News:
Good: Still $250 billion left
Bad: SBA is totally FUBAR
Sorry for the Forbes clickbait but just in case people think I’m exaggerating when I talk about > $300k/year pensions.
I looked up the top dude on the list with a pension and lol:
Looked up the second guy and this is the first hit:
http://www.chicagonow.com/dennis-byrnes-barbershop/2019/06/illinois-retired-public-employees-wont-pay-that-new-state-income-tax-even-if-their-pensions-exceed-250000/
3rd guy was apparently double-dipping in Arizona after retiring in IL (not illegal or anything) and this article from 2011 popped up:
Former District 200 superintendent Dr. Gary Catalani has quit his new superintendent job at the Scottsdale, Arizona school district, as reported by Arizona Central and several correspondents in Scottsdale. Catalani’s Arizona contract had two years remaining, and required him to give 90 days notice of resignation, which apparently he did not do, citing “health and family reasons.” Catalani turned 60 in January of this year. If he has a personal health problem, we certainly wish him the best, but he will be well provided for, as his prior contract with District 200 (the subject of my FOIA lawsuit) mandates that District 200 taxpayers continue to pay directly for his and his wife’s health insurance, with no deductibles or co-pays, through the year 2022, in addition to paying (via the State of Illinois) for his pension, one of the highest in the state of Illinois.
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The initial round was a lottery, seems like this one is the same, except slower.
Wish I knew if I was in Chase’s initial XML submission. I should have been, and if so I think I’m OK. If I’m counting on being in Chase’s 350 applications per hour until the money runs out I think I’m fucked.
Five barbers at Corrections made over $100,000
oh man that’s good suzzer clickbait
Imagine a skilled worker being well compensated? Hate to see it.
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I don’t even care about that stuff anymore. It’s the > $300k pensions for life that rile me up.
Wait, I thought we were supposed to be good with the pensions because they took “below market” salary? Which is it?
My favorite public sector pension two step dance is the one where the unions insist that the pensions are extremely valuable so you can’t take the pensions away without huge salary concessions, however the pensions will simultaneously be cheap to provide in the long run so no need to increase employees’ contributions to the plans.
I pointed this inconsistency in a meeting with one of our large public sector clients years ago and got yanked from the account, lol.
No worries.
Yeah it will be reduced but the problem is the issue is total wages, not hourly. So an unscrupulous boss who has a highly paid staff that works a small number of hours per week can be like, oh sweet I just got the government to pay me to have these highly skilled people do grunt work. But this grunt work isn’t worth their teaching rates, no they definitely don’t deserve that. So let me double their hours, after all I’m still overpaying for the actual work I’m having them do…
Completely grunching whole thread. KITN to me as needed.
Called SBA to check on EIDL application of April 10. One or two phone prompts and I get to a human in under a minute. I was stunned.
Anyhow, they are processing April 1 so I can expect about 9 more business days for a decision.
First will come a deposit then a few days later will come the paperwork.
My accountant says even though it’s max $10,000 everyone that gets this is getting $1,000.
(I am my own business as a consultant, 0 hours in April due to client shutdowns. skipped PPP due to obvious graft of the program (LOLLALakers) waiting to hear on PA UE claim for contract workers).
Going to interest only on wife’s student loans. Have ok to skip two car lease payments but have to make them up eventually. We are setting aside money in account for any deferments and that is the absolute last emergency cash, otherwise the plan is to catch up right away if business restarts in time. Liquidated a little retirement money for cash flow. Don’t want to F with mortgage.
I’ve read that the 5,000+ application XML files from the big banks are being processed in small batches the way the rest of the applications are being done, is that correct?
My understanding is yes, with a maximum per bank of 350 applications per hour.