Coronavirus in the US

I had a feeling this was coming:

https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness

"Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.

As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.

A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.

On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public."

eta: So then, I think my hunch was right. When he later spoke at that luncheon, he was hinting to his donors to dump their stocks too.

^ The best thing about that is that as a member of Congress Burr is totally immunized from any claims of insider trading. Pure profit!

That is because the link contains a word that is banned on this forum and replaced by some * characters by the forum software. The word is the plural of a term that you are not supposed to use to describe another poster.

I’m in the Austin airport now. It’s eerily empty. My sister says the roads are less crowded than she’s seen in 10 or 15 years.

As expected, my daughter’s school is going online for the remainder of the semester. I want her to come home immediately but she is worried about bringing the virus home to her dad. I told her she has to come back before too long, anyway, so it might as well be now.

Saying goodbye to Dad was very hard. Under the current circumstances, I don’t know if I will be able to make it down to see him again before he passes. I tried not to cry but I was not successful.

I don’t believe that’s true. Where do you get that idea?

https://www.pandemic-footprint.com/?fbclid=IwAR1cKVsGnvO7vyOa-w_-R3PZpXmKIOipFpCZOq55L3w4738vmSaZPhA-dF8

Not scientific of course, just for “fun” and to make one aware of their risk to themselves and others.

@MaineLonghorn , my thoughts are with you.

@mainelonghorn I’m so sorry.

Regarding online language learning - it seems to be going OK for the speaking/listening. Not as much for the reading/writing maybe? That’s going to be interesting for DS25’s Latin class.

In theory, members of Congress are not allowed to do insider trading.

https://www.congressionalinstitute.org/2018/08/16/can-members-of-congress-engage-in-insider-trading/
https://en.wikipedia.org/wiki/STOCK_Act
https://www.congress.gov/112/plaws/publ105/PLAW-112publ105.pdf

However, a later amendment removed the requirement for there to be an online searchable database of trades reported by members of Congress, making discovery of possible insider trading more difficult.

Correct. But it is still illegal. There is no immunity for Congresspersons when it comes to insider trading that I know of. I was curious to see if there was something new out there I’d not yet heard.

Pentagon prepares to deploy two active duty Army mobile hospital units
From CNN’s Barbara Starr

Two active duty Army mobile hospital units have received "prepare to deploy” orders, according to Army Chief of Staff General James McConville.

This type of order is an early signal to military units to be ready to deploy, although final orders could still change. The units would be sent to still-to-be determined areas where additional medical beds are needed to treat non-infectious patients, so civilian hospitals can focus on those with coronavirus.

The units receiving the orders are the 47th Combat Support Hospital based at Joint-Base Lewis-McChord in Washington state which has seen a significant virus outbreak, and the 586th Field Hospital at Fort Campbell, Kentucky. Both units typically deploy with hundreds of troops, including full surgical and trauma care capability.

In recent years these types of units have made repeated deployments to warzones. It’s not clear yet, if these units deploy, what types of manning levels and medical expertise they will utilize. The Pentagon has said as they deploy medical units it wants to ensure military bases still have sufficient medical care, and if reservists are called up that local communities are not impacted.

South Carolina governor asks hospitals to restrict visitors
From CNN’s Dave Alsup

South Carolina Gov. Henry McMaster is asking hospitals and medical facilities to restrict visitations except for end-of-life patients.

He went to say that visitors are asking for gowns, gloves and masks.

There are at least 81 cases of coronavirus in South Carolina, according to the state’s epidemiologist Dr. Linda Bell.

McConnell introduces sweeping $1 trillion emergency aid proposal
From CNN’s Phil Mattingly and Manu Raju

Senate Majority Leader Mitch McConnell just introduced a sweeping, $1 trillion emergency economic aid proposal in response to coronavirus pandemic.

The proposal would include direct payments to Americans under a certain income threshold, $200 billion in loans to airlines and distressed industry sectors, and $300 in forgivable bridge loans for small businesses.

The proposal, a draft of which was obtained by CNN, underscores the scale of the economic crisis now facing individuals and businesses across the country amid the accelerating pandemic and addresses bolstering health care resources, student loans and aid, business tax provisions and temporary authority.

The proposal, however, is just an opening bid as the Senate attempts to address the coronavirus outbreak. It was drafted by Senate Republicans and the Trump administration, with no input from Democrats.

At the heart of the proposal is hundreds of billions of dollars directed toward “recovery rebates” of up to $1,200 for individuals and $2,400 for couples beneath a certain income threshold.

The proposal also includes $300 billion to be used for loans to small businesses, however structured, as well as private nonprivate organizations.

The program would be structured so businesses could take out loans from banks and lenders that would be guaranteed by the Small Business Administration. Those loans must be used, according to the proposal, for to pay salaries, mortgage payments, other debt obligations and payroll support including paid sick, medical and family leave, as well as health care benefits.

More via Gaurdian:

A few more details from the Republican stimulus package:

The financial relief will come to eligible individuals as tax rebates.

The rebates will be $1200 per individual, plus $500 per child.
Those with a tax liability under $1,200 for tax year 2018 will get smaller checks, but at a minimum $600 [ don’t get this ]
Those diagnosed with Covid-19 or those who suffer “adverse financial consequences” due to it, can tap into their 401(k)s and IRAs without a penalty
Taxpayers get up $300 in charitable deductions for 2020

[some of this seems like small potatoes ]

Only 36 out of 175 seats filled on the flight.

Just spoke to DH. His work has been advised that India is going to announce a complete lock down requiring non-essential personnel to stay at home. This just made his job exponentially harder as they have significant operations there. That’s what happens when you decide to off-shore critical operations (not his decision, he just has to deal with the fall out).

I’m sorry about the bad link to the Helen Branswell interview because of the forbidden word in the url. (CC should fix that) If you Google

“new york intelligencer branswell coronavirus twitter”

it should be the first link.

Airline trade group says industry needs “immediate” financial assistance to protect 11 million jobs
From CNN’s Kate Trafecante

A trade group representing the largest US airlines is asking Congress and the Trump administration to work together and quickly implement financial aid to protect millions of airline jobs.

In a letter addressed to Treasury Secretary Steven Mnuchin, House Speaker Nancy Pelosi, House Minority Leader Kevin McCarthy, Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer, Airlines for America said its speaking on behalf of 11 million workers the industry either directly represents or supports.

"The rapid spread of COVID-19 and the government- and business-imposed restrictions on air travel are having never-before seen impacts on U.S. aviation and our employees,” the trade group said. “The breadth and immediacy of the need to act cannot be overstated. It is urgent and unprecedented.”
Airlines for America represents the biggest US airline carriers, including American Airlines, Delta, United and Southwest.

A sheriff’s office in Colorado is releasing some inmates early due to the coronavirus outbreak
From CNN’s Alta Spells

Eligible inmates who have served at least 50% of their sentence and meet all other early release requirements will be released early, according to the Jefferson County Sheriff’s Office in Colorado.

The law enforcement agency tweeted that they will begin the early releases Thursday and continue with daily releases “until the risk of Covid-19 spread if mitigated.”

According to the tweet, none of the inmates or employees have tested positive for novel coronavirus.

The Sheriff’s Office, which also covers Denver, went on to say they are initiating the process because reducing the jail population will reduce the risk of exposure.

What is the income threshold and what if you’ve already filed your taxes? Ugh. I need to search for more info…

@MaineLonghorn I’m thinking about you and your Dad. My very, very best to you both, and your whole family. We’re with you in spirit and support.

New Orleans Saints head coach Sean Payton acknowledges coronavirus recovery
From CNN’s David Close

Sean Payton, the head coach of the NFL’s New Orleans Saints, has acknowledged that he is recovering from coronavirus.

He thanked people on Twitter for “the well wishes” after ESPN posted an interview with the Super Bowl-winning coach where he disclosed the diagnosis.

Payton told ESPN that he started to feel unwell this past Sunday and was tested Monday. He says he is self-isolating at home and feeling fatigued, but is not experiencing a fever or cough.

“This is not just about social distancing,” Payton told ESPN. "It’s shutting down here for a week to two weeks. If people understand the curve, and understand the bump, we can easily work together as a country to reduce it. Take a minute to understand what the experts are saying. It’s not complicated to do what they’re asking of us. Just that type of small investment by every one of us will have a dramatic impact.

Sean Payton
:heavy_check_mark:
@SeanPayton
Appreciate the well wishes. I’m feeling better and fortunate to not have any of the respiratory symptoms. 4 more days at home.#BEATCovid

Thanks for your support, everyone. It helps. I know we’ve had bonus time with Dad and we’re very appreciative of that.