Coronavirus - New Zealand
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@Godder said in Coronavirus - New Zealand:
I have 10 years experience in fast food which as an industry is a lot of franchisee and independent SMEs and a few businesses with 100+ employees (head offices of the big names, Restaurant Brands, Burger King). Most of that was as a store manager in franchisees, so budgets and impact on staff of difficult decisions was something I was very familiar with.
One point from that experience is that a decrease in revenue wouldn't usually eliminate a business in that industry because a lot of costs would reduce in line with the revenue reductions, so the margin would reduce but still be there. In fast food, that will mostly be food costs and labour costs through reducing rosters.
However, if revenue drops enough, the margin becomes 0 or negative because the fixed costs (rent and opex, power, insurance, some bank fees, interest on debt, refurbishment costs, to name a few) and debt repayments become unmanageable. Business loans are usually higher interest and shorter terms than mortgages, so can easily overwhelm a business.
Something like that would play out across most small businesses. If they are owned outright and have 3 months of working capital, they will probably be in a good place to make it out the other side, possibly on a smaller scale. If they have 2 weeks working capital and a large business loan, it will be much harder.
In businesses with 0 employees like a hairdresser or contractor, 20% reduction might be fine if the profit is still a liveable wage, or disastrous if they have equipment loans or fixed costs that see profit reduce well below a liveable figure.
It's a big range out there, and people will need a range of help.
Burger King has just gone into receivership..
https://www.stuff.co.nz/business/industries/121000806/burger-king-franchise-owner-in-receivership
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@Baron-Silas-Greenback was asking for opinons basically.
I'm inclined to agree with you, but can see the benefit in have an economic one. Can't see how you can extract the politics when the PM is deciding when we can take a shit.
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@Kirwan said in Coronavirus - New Zealand:
@Baron-Silas-Greenback was asking for opinons basically.
I'm inclined to agree with you, but can see the benefit in have an economic one. Can't see how you can extract the politics when the PM is deciding when we can take a shit.
Probably better to create a medical one then?
I think part of it is that the narrative and acceptance levels are changing and some people dont like that. If you cannot refute an argument .. shut it down. The very FIRST post in this thread is one talking about govt action....
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@Baron-Silas-Greenback @Kirwan or a medical thread.
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@Kirwan @Baron-Silas-Greenback It's not the topics under discussion so much as the repetitive tone. Reading four days in one hit I was struck by a) how negative it all was probably because b) it was almost exclusively about how Cindy has destroyed the economy. This was presented as fact, but that's not (yet) accurate.
Again as one marathon read it did have the feel of some of the politics threads and was very echo-chambery.
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@Baron-Silas-Greenback I'll take a punt on them intending to sell up and wipe the debt through receivership, and another operator will take over.
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@dogmeat said in Coronavirus - New Zealand:
@Kirwan @Baron-Silas-Greenback It's not the topics under discussion so much as the repetitive tone. Reading four days in one hit I was struck by a) how negative it all was probably because b) it was almost exclusively about how Cindy has destroyed the economy. This was presented as fact, but that's not (yet) accurate.
Again as one marathon read it did have the feel of some of the politics threads and was very echo-chambery.
Maybe because that is exactly how some of us feel? No different to those who are holding the line that Ardern did the right thing.
I think the echo chamber you should be more concerned about is the one which just accepts nationwide house arrest.,
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@Baron-Silas-Greenback said in Coronavirus - New Zealand:
The very FIRST post in this thread is one talking about govt action....
Unintentionally, threads just got split that way by Duluth
My ten cents worth; it's all intertwined.
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@Baron-Silas-Greenback Yes you made your point eloquently about 400 posts ago. Which is my point. The telling thing is it's how you feel.
I do like that when you were asked what you had done differently you had a plan. Of course your plan doesn't have to bear scrutiny in the same way the lockdown does.
The move To Lvl 4 blindsided me, as I said at the time, because it didn't follow the established protocols. Whether it was the right move - as I said too early to say for sure. I'm sure govt was privy to information that hasn't been shared. Maybe we were way less prepared than they have let on and Lvl 4 was seen as the best bad choice.
Dunno - it's all conjecture
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Itโs worth pointing out that the most vocal critic of the government on this thread has said that in his opinion National would have done the same. Didnโt see anyone contradict that either.
So characterising the thread as just critical of Jacinda is wrong.
This is just one of the ways we can make our opinions heard, am sure people on here have contacted MPs where appropriate as well.
If we have over reacted (say compared to Sweden or Australia), and we think both major parties would have acted the same, doesnโt that point to a systemic problem that we should address?
You may say that the economy is not ruined yet, but even the most rosey assessment is that we are in for a significant amount of damage.
If we have a disaster response that causes as much damage as the disaster we should probably fix that.
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@Kirwan said in Coronavirus - New Zealand:
@Baron-Silas-Greenback was asking for opinons basically.
I'm inclined to agree with you, but can see the benefit in have an economic one. Can't see how you can extract the politics when the PM is deciding when we can take a shit.
There's nothing wrong with having more threads.. it makes ongoing conversations easier to follow. An overall economic thread, a UK thread whatever.
After the initial exponential growth of new coronavirus threads we have seen a sharp declineIt would be almost impossible to have a NZ virus thread that doesn't discuss the govt response though.
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@Duluth said in Coronavirus - New Zealand:
After the initial exponential growth of new coronavirus threads we have seen a sharp decline
Hah! Tune in every day at 1pm to find out how many threads have been generated, and how many are locked
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Director-General of Health Dr Ashley Bloomfield has announced four more Covid-19 related deaths in New New Zealand.
This brings the country's death toll to nine.
One person was in Wellington, the other three were from the Rosewood rest home cluster in Christchurch, he said.
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@Kirwan said in Coronavirus - New Zealand:
If we have over reacted (say compared to Sweden or Australia),
it's not as if Australia is this open and free country at the moment. Pubs, clubs, restaurants, and bars are all shut. All leisure activities are shut. Gyms are shut. Schools are effectively shut. There is no movement of people. Fines are being given out for basic shit (a guy got a $1,300 fine for driving 40 minutes up the coast for a tinder hookup). People are barely leaving their homes. Retail exists, but it may as well not, because you can't go shopping.
Bunnings however, is making a fortune.
The main difference is the Govt has done everything they can to keep the trades working, because the impact of them closing would be even more catastrophic.
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@Bovidae said in Coronavirus - New Zealand:
Director-General of Health Dr Ashley Bloomfield has announced four more Covid-19 related deaths in New New Zealand.
This brings the country's death toll to nine.
One person was in Wellington, the other three were from the Rosewood rest home cluster in Christchurch, he said.
And 17 new cases.
Time to let me the fuck out !!!
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man you'd be massively concerned if you had a relative/friend in that Rest Home
THats 6 in total from that one?