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Posted
1 hour ago, DaEagles4Life said:

Consumers want more direct to consumer showings and looks like movie theaters are seeing this shift. 

 

AMC, Regal Ban Universal Movies From Their Theaters After Studio Throws Rock at Theatrical Window

https://www.yahoo.com/entertainment/amc-bans-universal-movies-theaters-001517517.html

Sounds like a good plan from universal to me. I hate going to the theater to see most movies. The theaters are just trying to prolong the inevitable death of their business model.

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Posted
17 minutes ago, Jsvand12 said:

Sounds like a good plan from universal to me. I hate going to the theater to see most movies. The theaters are just trying to prolong the inevitable death of their business model.

Im not into going to movies either.  I fall asleep almost every time and if i dont, im squirming around and wanting to leave.  
 

But many people enjoy it and it is a part of our culture that i would hate to see gone.  

Posted
2 hours ago, DaEagles4Life said:

Corona Economy Thread

I Prefer the Corona First Class Thread.  :nonono:

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Posted
1 hour ago, SNOORDA said:

Im not into going to movies either.  I fall asleep almost every time and if i dont, im squirming around and wanting to leave.  
 

But many people enjoy it and it is a part of our culture that i would hate to see gone.  

If it's an average movie then I couldn't give two ishs about it but there are some movies you need to see on a big screen. I think you'll see theaters get smaller and just open up for the Blockbuster movies.  Outside of that straight to Netflix. 

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Posted

LINK

The novel coronavirus has gutted humanity’s ability to engage in that most basic of social and economic activities: the ability to move. That simple fact has touched off a cascade of consequences, all of which touch off their own.


 
Stay-at-home orders mean less driving and flying. Transport is over half of global oil demand. The gutting of transport has crashed oil prices.

Less driving and flying means fewer people and firms are purchasing cars and jets. The gutting of transport has crashed global automotive and aerospace trade and manufacturing.

Less driving and flying means less tourism and shopping. The gutting of transport has shriveled global textiles and electronics trade and production.

Less driving and flying means more people at home doing their own cleaning and cooking and yard work. The gutting of transport means less income for migrant workers who normally handle those tasks. Remittances – a key source of foreign currency earnings in many countries – evaporate.

 
None of these sectors will return to strength until people feel it is safe enough to move about again and secure enough to spend again. In the case of textiles that could happen before the end of this year. In the case of tourism I’d be surprised if it happens before the end of next year.
 
It all adds up pretty quickly to something that is…not particularly encouraging. For American readers, think of how disruptive the coronavirus experience has been to this point. Now look at this graphic. For the United States, the sum total of all the sectors experiencing this sort of deep structural pain is a paltry 4.1% of US GDP. Compared to much of the rest of the world, that’s practically beer money. (For a point of comparison, China clocks in at just over 11%.)

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Which brings us to a double pain-point for the global system. Not only are these countries now at risk of something far worse than a simple recession, many rely upon income from these threatened economic sectors to feed themselves. We’re not so much worried about a global food crisis caused by a lack of food production, but instead because of economic collapse among many consuming countries.

Posted

LINK

Yesterday’s newsletter traced some of the issues that erupt when global transport gets wrecked. Today we’re going to cross that same initial problem into the world of agriculture.  It isn’t so much that plummeting oil demand globally hits agricultural production directly. If anything, cheaper oil translates not only into cheaper diesel fuel, but also key petrochemical outputs: things like pesticides and fertilizer are typically petroleum-derived. Instead, we’re going to have to hit this from another angle.  Take a look at this graph from Our World in Data:

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Most of the world counts rice or wheat as their primary source of grain-based calories. So you’d think that either rice or wheat holds the top spot in international grain trade, right?  Wrong.  Corn is the winner of that particular contest by the proverbial country mile.

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Most of you probably live in North America, and so probably don’t find this all that odd. Cornbread. Corn on the cob. Grits. Corn flakes. Tortillas. These are all part and parcel of our collective experience. In the rest of the world, however, once you get past polenta, corn isn’t used for much more than to line a bread pan. So why in the world is corn the top grain?  Check this out:

E5nmGWj.jpg

Most of the world’s corn isn’t eaten by people; but instead it is eaten by things people eat. Primarily cows, hogs and chickens.
 
One of the quirks of the American-led global Order that has dominated the world since World War II is that countries that normally couldn’t be physically secure or economically successful on their own suddenly could. For many that meant steadily increasing standards of living. That meant they wanted more and better food. Most people define more and better food as animal protein.  But while the Order radically changed the geostrategic environment, it didn’t touch the physical environment. If your climate and soil prevented you from growing a lot of of food before, you probably still couldn’t no matter what the Americans did or did not do. What you could do is build up an animal herd, and import the fodder to fatten it up. And so that’s what was done. Pretty much everywhere.
 
Enter coronavirus.

Global transport has crashed. The Americans used to use about half the corn they produced specifically to produce ethanol, a biofuel they mix into their gasoline. Since Americans are not driving, their need for ethanol has crashed right along with their need for gasoline. The United States is both the world's largest producer and exporter of corn. American farmers are planting their crops right now, and so far they are planting just as much corn as before.

With US transport demand unlikely to recover this year, we’re looking at gross global corn oversupply with the expected downward pressure on corn prices. Globally, this is great. It implies little risk (at least on the supply side) to global meat production. Among major corn producers, in contrast, it suggests quite the glut. Corn farmers the world over – most notably in the United States, China, Argentina and Brazil – be warned.

 

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Posted

Phase 1 in Florida rolls out on May the 4th (be with you). Governor DeSantis was on this afternoon talking about how low our actual numbers were, compared to what was predicted. The only exception was Miami-Dade, who had much higher numbers, which he attributed to all of the New Yorkers who traveled there. 
🤣🤣

Posted

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Posted
1 hour ago, Mlodj said:

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Won't open a sixth in AMC or Regal 

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Posted
2 hours ago, Bill said:

If it's an average movie then I couldn't give two ishs about it but there are some movies you need to see on a big screen. I think you'll see theaters get smaller and just open up for the Blockbuster movies.  Outside of that straight to Netflix. 

Yeah.  One thing i do enjoy is going to Westwood (the city ucla is located here in LA) to see a movie. They have a few classic theaters  and good near by bars and restaurants.  

Posted
11 hours ago, Mlodj said:

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Technically they only opened once after the first movie. 😋

Posted

The dog market is crazy right now. The wife and I have been contemplating getting a dog for a few months. The wife was still getting over the dog we lost two years ago. He was 14 and she raised him from a pup. Anyway she finally was ready and is off work because of the.virus so it would be easier for her to train him. The reacues are swamped with adoption requests. Every dog we liked was gone by the time were able to contact the people. We were having much luck with breeders either even though the prices for pups are very high right Hopefully moat of these dogs don’t end up in shelters once everyone goes back to work and school. We won’t be taking this guy back. He is a husky Shepard mix. EDC1A8DB-A0B2-4740-9C1E-A5332587F14B.thumb.jpeg.f1441759fad0e38a1af75888e2ed7b16.jpeg

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Posted
13 minutes ago, Tnt4philly said:

Hopefully moat of these dogs don’t end up in shelters once everyone goes back to work and school. 

Yeah, I've seen articles about how many people are adopting and I couldn't help but wonder what happens when all of those people go back to work.

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Posted
1 hour ago, Mlodj said:

Yeah, I've seen articles about how many people are adopting and I couldn't help but wonder what happens when all of those people go back to work.

If a good percentage of them stick, that’d be a win I think.

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Posted

The wife works for the Manheim Auto Auction and was just furloughed as of May 17th. Not sure what percentage of the work force they furloughed. Furloughed employees will keep medical benefits for 16 weeks. 

Posted

People don't like going to the movies?

Posted

The Covid Money Tracker aka How much has the government spent on this.

Posted
On 5/7/2020 at 9:55 AM, Toastrel said:

People don't like going to the movies?

I'm sure they do, I know I do. Might just not be a priority of things people want back. 

Posted

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Posted
On 5/7/2020 at 9:55 AM, Toastrel said:

People don't like going to the movies?

Honestly, I’m not a huge fan. Once in a while, for the right movie, sure. But generally I’ll take watching a movie in the comfort of my own home. I won’t miss anything if I need to grab a drink or food or go to the bathroom, there are no rude people talking or kicking the back of my chair, no parking hassle, etc.

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Posted
On 5/7/2020 at 9:46 AM, Tnt4philly said:

The wife works for the Manheim Auto Auction and was just furloughed as of May 17th. Not sure what percentage of the work force they furloughed. Furloughed employees will keep medical benefits for 16 weeks. 

About 1200 people across the organization but well over half are at the Manheim location. The CEO and executive staff all took pay cuts.

My son works for a major aluminum foundry thatvhas cut their production back to 24 hours a week and and in a few weeks will be shutting down and furloughing the entire company for a few weeks. 

Who would have though that shutting down the economy the way we did could cause so much havoc? 

 

Posted
57 minutes ago, Tnt4philly said:

About 1200 people across the organization but well over half are at the Manheim location. The CEO and executive staff all took pay cuts.

My son works for a major aluminum foundry thatvhas cut their production back to 24 hours a week and and in a few weeks will be shutting down and furloughing the entire company for a few weeks. 

Who would have though that shutting down the economy the way we did could cause so much havoc? 

 

So what is your alternative?

I work with a Swedish company - and their do nothing policy has turned into disaster and their death rate is higher than the US, and is the worst in Scandinavia. What's the solution?

 

Posted
15 minutes ago, Toastrel said:

So what is your alternative?

I work with a Swedish company - and their do nothing policy has turned into disaster and their death rate is higher than the US, and is the worst in Scandinavia. What's the solution?

 

https://www.google.com/amp/s/www.foreignaffairs.com/articles/sweden/2020-05-12/swedens-coronavirus-strategy-will-soon-be-worlds%3famp

 

Quote

Sweden’s Coronavirus Strategy Will Soon Be the World’s

Herd Immunity Is the Only Realistic Option—The Question Is How to Get There Safely

 

Posted
21 minutes ago, Tnt4philly said:

So, barrel through and let all the people who will die, croak? That's the answer?

 

You prefer a larger death toll? That's what Sweden has. Herd immunity = letting all the weak die. Great plan. You get herd immunity through lockdown too - it just spreads the deaths out over time.

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