Macy’s, Inc. Temporarily Closes Stores Nationwide in Response to COVID-19 Outbreak :: Macy’s, Inc. (M)

https://www.macysinc.com/investors/news-events/press-releases/detail/1616/macys-inc-temporarily-closes-stores-nationwide-in

I think Macy’s just bought itself a ton of loyalty. Who else is doing this?

«Macy’s, Inc. (NYSE: M) today announced that it will temporarily close all stores by end of business today, March 17, 2020, through March 31, 2020. … Macy’s, Inc. will provide benefits and compensation to its impacted workforce.»

I hear Victoria’s Secret is doing the same, but, since I’m on my work laptop connected to work VPN at the moment, I’m not confirming it on their site. 🙂

Questioning the Clampdown – WSJ

https://www.wsj.com/articles/questioning-the-clampdown-11584485339

https://herereadthis.blog/2020/03/17/the-conservatives-who-would-sacrifice-the-elderly-to-save-the-economy/

WSJ right on time.

«Some number of respiratory deaths will be avoided (really delayed since we all die) but we’ll be spending a lot more than we’ve ever been willing to spend before to avoid flu deaths. Eighty-three percent of our economy will be suppressed to relieve pressure on the 17% represented by health care. … Wouldn’t it make more sense to pour resources into isolating the vulnerable rather than isolating everyone?

….

But turned on its head here is the 50-year-old “QALY” revolution: the idea of measuring the burden of disease and benefit of health care based on “quality-adjusted life year,” typically valued at $50,000 to $150,000. In the present instance, the cost isn’t just medical intervention (e.g., ventilator use) but the cost of an economywide shutdown to limit the number of candidates for ventilation at any one time. I don’t know what the figure is, but the QALY value we are placing on avoiding Italy-like deaths is surely a high multiple of any figure previously considered realistic.»

White House coronavirus plan aims to send $2,000 to many Americans, includes $300 billion for small businesses – The Washington Post

https://www.washingtonpost.com/business/2020/03/18/trump-coronavirus-economic-plan/

Which lawmakers, pray tell, WaPo? Of which party?

«temporarily backstop money market mutual funds, a sign that government officials are worried that an investor panic could lead to a run on these funds. A similar structure was used during the Great Recession, but lawmakers had sought to block its future use.»

Senate coronavirus vote delayed after Rand Paul pushes doomed amendment

https://www.nbcnews.com/politics/congress/senate-coronavirus-bill-vote-delayed-after-rand-paul-pushes-doomed-n1162356

Hey, Kentucky. Why do you guys keep voting for this clown? Because “muh rights”?

«In July, Paul blocked a bipartisan bill that would ensure that a victims’ compensation fund related to the terrorist attacks of Sept. 11, 2001, never runs out of money. Paul questioned the bill’s 70-year time frame and said any new spending should be offset by corresponding cuts. After the amendment failed, he wound up being one of two no votes on the legislation.

He even briefly caused the government to shut down in 2018, using a procedural tactic to block the Senate from meeting the deadline to keep the government open because he objected to the price tag.»