If we were to tomorrow start following the South Korean model of test-and-quarantine, rinse-and-repeat, we’re looking at resuming something resembling post-COVID-19 economy by Summer.

Who is your governor?

Interestingly, our governor just announced the stay at home order until April 10th at minimum. He went through the straight math of the pandemic and essentially said, “Most of us are going to get COVID-19 no matter what we do.”

Seems like an opportunity for automakers/dealers to clear out all their car inventory and retool to make nothin’ but SUVs. And pickups. LOTS of pickups, cause gas is cheap, don’cha know.

Social question: I want to go camping on my property in North Carolina to escape a little. Is driving from SC to NC (6hrs...one stop for gas) a socially irresponsible thing to do? It will just be me and the miss. I strangely feel like I shouldn’t drive anywhere? Not sure how being in my car could negatively affect…

Cornell Law would like a word with you about your interpretation of “in the best interest of shareholders.”

To always act in the direct best interest of shareholders is required by law

To always act in the direct best interest of shareholders is required by law.

Only if you take an incredibly short term view. Because of that shortsighted planning, current shareholders should get wiped out before any bailout happens.

First, airlines bought back stock to up share prices, just like any public company, because that was the best course of action for shareholders. To always act in the direct best interest of shareholders is required by law. When reactionary, lobby driven, legislation is created, these are the untoward effects.

What is best for the shareholders it to run a profitable company, invest in the future, and thereby protect and grow shareholder value. Buybacks are sugar snacks and just mean the company leadership is out of ideas to invest in their own company. If they don’t get a bailout and share prices fall or get wiped out, did…

But at that level, its not the best action for shareholders because spending that much of your cash with very little in reserves makes any small economic downturn a crisis for the business, sending its stock prices into freefall. Theres nothing inherently wrong with stock buyback, but saying they were required to do…

Easy to say but when an average citizen blows all their savings trying to weather this storm they tell you to save more this is not socialism.

Apple has billions of cash in reserves. Most massive business do as well. Spending 96 percent of your free cash over the last decade is horribly irresponsible for a business when it leaves nothing in reserves. You really dont understand finances at all

It’s a heck of a lot easier for someone to book a hot-shot truck delivery across multiple states than it is to coordinate emergency rail shipping through existing, rigid freight schedules that are not set up for overturning regular rail traffic logistics.

“Well, reduced traffic in general will reduce deaths, so why not add a few deaths back to the total by reducing truckers’ restrictions?”

Interesting to see utilitarian thinking in action. This will almost certainly result in more deaths from accidents, but someone’s decided that it will save more lives and is therefore worth it. 

Meh, I drive in NYC all the time. Trade vans have the serious advantage of being completely uncaring of what they trade paint with. Everybody yields to White Van Man.

The order has been corrected, thank you for pointing that out kindly. 

how do you pronounce jpeg (the p is for “photographic” btw)?