Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


Filter this topic showing only the reply marked as answer View this topic in a long page with up to 500 replies per page Create new topic
1 | ... | 453 | 454 | 455 | 456 | 457 | 458 | 459 | 460 | 461 | 462 | 463 | 464 | 465 | 466 | 467 | 468 | 469 | 470 | 471 | 472 | 473 | ... | 805
2074 posts

Uber Geek


  #2455219 5-Apr-2020 17:31
Send private message quote this post

Geektastic:

 

It would be very difficult. First the lenders, landlords, suppliers etc have to be told they are taking a 100% haircut because the only way that this works is to completely write off the debt. Why would the business owner saddle themselves with huge debt when they can simply wind up the company?

 

The knock on would be vast - you forgive Company A their debts to Companies B and C. B and C then run out of cashflow, and do the same as A - meaning D and E then have to do the same because B & C are not paying them. Etc.

 

 

That's the thing, I'm not sure how it would work legally - it'd have to me more of a suspension of credit terms. Whether you'd be able to file to claim the balance of a previous year's income less the costs you would have otherwise incurred had business continued... It all gets a bit weird at that point. 

 

I mean it's something you'd use very rarely, and under normal circumstances you'd question the need for it. But there is a very real chance we will need to do something similar in the next few months, and the status quo of "people still being expected to cover most overheads with zero income at the top for almost a month" just isn't something you realistically ever plan for when it comes to cashflow, and not something businesses can handle twice in quick succession. 


20969 posts

Uber Geek

Trusted
Lifetime subscriber

  #2455220 5-Apr-2020 17:32
Send private message quote this post

shk292:

 

GV27:

 

If we end up locked down again, I would hope the plan isn't just to give us another wage subsidy and leave it at that. It's pretty clear the country needs a framework for hibernating businesses, including the option to suspend all payment obligations with the exception of payrolls. How you would do that legally I have no idea, but it's hard to believe it's not a ready-made go-to plan after the earthquakes etc. 

 

 

Agreed - we need to find a way of stopping the money being sucked out of businesses when revenue drops to zero.  With interest rates so low, surely banks can afford to put home and business loans on ice, or drop the payable rate right down to the OCR?  Letting interest accrue at 5% or whatever during a loan "holiday" is just building up future problems

 

 

I doubt that business loans are a big cashflow issue. Nor is the OCR.  If we want to hibernate a business then debtors are allowed to not pay. We are allowed to not pay creditors. For the non accounting ones, debtors are the customers that owe the business money for buying their goods and services. Creditors are the bills we need to pay, such as stationary, power, insurances, repairs and maintenance, etc and etc. Payroll, well I guess we get the Govt to pay that? If its a business hibernation, its better to give an interest free loan for payroll. As we will in the end, have to get cashflow in from debtors and pay creditors. Theoretically if we hibernate the business then we dont pay wages for the duration? So its all consistent. Or MSD picks up that tab. Which makes businesses social welfare beneficiaries does it not?

 

@GV27  After the earthquakes. Like people, businesses could provide for future disasters. People insure. That covers damage. The get the dole, that covers wages or part thereof. If we did the same for business, thats a dole for businesses? The cradle to the grave system we have is for people. I guess we could have that for businesses, but that will need to be taxed. As we tax you and I for social welfare benefits but we dont tax to pay business expenses. Maybe we go back to 45% Company Tax and bank that for these disaster needs? 


 
 
 
 


3772 posts

Uber Geek

Lifetime subscriber

  #2455242 5-Apr-2020 17:54
Send private message quote this post

GV27: Whether you'd be able to file to claim the balance of a previous year's income less the costs you would have otherwise incurred had business continued...


It's going to be a thin time for people who did a lot of cashie jobs last year.

2074 posts

Uber Geek


  #2455243 5-Apr-2020 18:02
Send private message quote this post

tdgeek:

 

@GV27  After the earthquakes. Like people, businesses could provide for future disasters. People insure. That covers damage. The get the dole, that covers wages or part thereof. If we did the same for business, thats a dole for businesses? The cradle to the grave system we have is for people. I guess we could have that for businesses, but that will need to be taxed. As we tax you and I for social welfare benefits but we dont tax to pay business expenses. Maybe we go back to 45% Company Tax and bank that for these disaster needs? 

 

 

This is different. My understanding is barely any BIC covers pandemics as they tend to be specifically excluded. I think a lot of lawyers billed a lot of hours to commercial clients on the Monday/Tuesday/Weds period before lockdown while people figured out what they could get away with not paying. 

 

Like I say, I don't really understand how it would work. We're filing a lot of payday data to IRD every time we pay people, perhaps future payroll assistance could go directly to employees? 

 

Like I said, you'd be freezing the credit cycle temporarily. There's no legal framework for it because we've never really done anything like it - putting the whole commercial world (apart from essentials) to sleep and paying people directly and then waking everything up and picking up where you left off a month later is something I've never seen ever discussed before. But maybe we should be having that discussion? 


322 posts

Ultimate Geek

Trusted

  #2455246 5-Apr-2020 18:11
Send private message quote this post

Press Conference sound

 

Is it unreasonable to expect by now that the questions asked at the PM's etc press conferences are able to be heard clearly on the broadcasts? Surely the PR staff responsible have access to technical advice and facilities such as roving or long-range directional microphones?


20969 posts

Uber Geek

Trusted
Lifetime subscriber

  #2455250 5-Apr-2020 18:21
Send private message quote this post

GV27:

 

 

 

This is different. My understanding is barely any BIC covers pandemics as they tend to be specifically excluded. I think a lot of lawyers billed a lot of hours to commercial clients on the Monday/Tuesday/Weds period before lockdown while people figured out what they could get away with not paying. 

 

Like I say, I don't really understand how it would work. We're filing a lot of payday data to IRD every time we pay people, perhaps future payroll assistance could go directly to employees? 

 

Like I said, you'd be freezing the credit cycle temporarily. There's no legal framework for it because we've never really done anything like it - putting the whole commercial world (apart from essentials) to sleep and paying people directly and then waking everything up and picking up where you left off a month later is something I've never seen ever discussed before. But maybe we should be having that discussion? 

 

 

Its a very good question. Two ways to look at it. An individual generally earns a low income. A business, say you own a 10 employee business, you will earn good coin, or should. Its a higher risk than wages, and higher returns. I feel there would be massive pushback if we accept that businesss and entrepreneurs earn impressive incomes, but they can also line up at the dole queue, which is essentially what you are saying. Whether thats a 10 employee business or a 200 employee business.

 

The other side is that its tough to weather storm after storm. Its difficult to hibernate a business. You freeze the business, but hey, my business that supports you is still operating I want you to pay me, that type of thing. 

 

I keep coming back to a business dole scenario. Which is super weird. 

 

All I can come up wth is an EQC type arrangement, to cater for these disasters. Current debtors must pay, you must pay current creditors. The EQC type of arrangement would cover fixed costs that cannot be avoided. Payroll, I guess the taxpayer. That allows you to hibernate. 


10407 posts

Uber Geek


  #2455251 5-Apr-2020 18:23
Send private message quote this post

lapimate:

 

Press Conference sound

 

Is it unreasonable to expect by now that the questions asked at the PM's etc press conferences are able to be heard clearly on the broadcasts? Surely the PR staff responsible have access to technical advice and facilities such as roving or long-range directional microphones?

 

 

The questions seem to be a bit of a free for all, handing a cordless mic around isn't going to happen, and I guess whoever the person is trying to point a shotgun mic on a boom quickly enough to get the question coming from an unexpected anywhere has their work cut out.

 

My laptop is hopeless - but I watched the press conference yesterday (streamed) on a TV connected to a good sound system - and it was ok - I could hear the questions fine.  Maybe headphones would improve things if you can't do that via speakers.  If you just want the sound, RNZ FM and AM is mono, streamed is stereo.  Stereo helps pick up voices when there's background noise - mono is hopeless - so avoid if possible.


 
 
 
 


5945 posts

Uber Geek

Trusted
DR
Lifetime subscriber

  #2455256 5-Apr-2020 18:33
Send private message quote this post

The Washington Post - New Zealand’s Jacinda Ardern calls out ‘idiots’ going against country’s lockdown order

 

today

 

 

The prime minister specifically cited a Christchurch man who was arrested Saturday for filming himself deliberately coughing and sneezing on people at a grocery store. ...

 



 

From the bad old days ...

 

 

An anti-spitting sign posted on streetcar in Philadelphia, October 1918. 

Credit - Historical Medical Library of The College of Physicians of Philadelphia

 

 





Sideface


10407 posts

Uber Geek


  #2455261 5-Apr-2020 18:44
Send private message quote this post

freitasm:

 

"US reports most coronavirus deaths in one day as 1,224 die on Saturday"

 

Oh, dear.

 

 

Yes it's bad.

 

On present trend lines there will be about a million cases and 30,000 dead by next Sunday.  The doubling rate has decreased in NY due to lockdowns, but it's increasing in other states.  I suspect that the slight flattening off of the "new cases" graph is because testing capacity can't keep up.  Deaths is increasing at faster doubling rates than new cases - so could be the delay from time of diagnosis to time of death - or could be just the lack of testing capacity / diagnosis.  

 

 

 


1188 posts

Uber Geek

Trusted
DR

  #2455278 5-Apr-2020 18:45
Send private message quote this post

We had anti spitting signs in Lambton Quay as well at least in the 1960s.

3772 posts

Uber Geek

Lifetime subscriber

  #2455284 5-Apr-2020 18:56
Send private message quote this post

Death rate increase could also be the hospitals and ICUs and ventilators getting overwhelmed. So death rate starting to move from 1% to 5%. That would have less lag than pre-swamping, since it would be on arrival at ICU, not weeks after.

10407 posts

Uber Geek


  #2455288 5-Apr-2020 19:03
Send private message quote this post

frankv: Death rate increase could also be the hospitals and ICUs and ventilators getting overwhelmed. So death rate starting to move from 1% to 5%. That would have less lag than pre-swamping, since it would be on arrival at ICU, not weeks after.

 

Could be - yes.

 

There's a hell of lot of talk about resourcing and acquiring ventilators.  You've got about 50:50 chance of coming off one alive with C-19, so a hell of a lot more action in making sure the system does not get swamped.  It's bad, because people on ventilators for C-19 are on them for weeks - with the flu, that might only be days.  


1481 posts

Uber Geek

Trusted
Nurse (R)
Lifetime subscriber

  #2455289 5-Apr-2020 19:04
Send private message quote this post

  • Spitting is just about the DIRTIEST and most unhealthiest act or habit there is. It is disgusting to see and hear. I don't know if Hoiking in public is an offence, if it isn't then it should be, at least under the public health and safety act.
  • The next is spitting or throwing your tasteless chewing gum out in public.
  • Followed by those who dump their kids nappy out the car door.
  • Of course lets not forget emptying the car ashtray out of the car onto the road.




iMac 27" (late 2013), Airport Time Capsule + Airport Express, iPhone7, iPad6, iPad Mini2

 

Panasonic Blu-ray PVR DMR-BWT835 + Panasonic Viera TH-L50E6Z, Chromecast Ultra, Yamaha AVR RX-V1085


10407 posts

Uber Geek


  #2455294 5-Apr-2020 19:10
Send private message quote this post

FineWine:

 

spitting or throwing your tasteless chewing gum out in public.

 

  

 

Lonnie Donegan taught me to put it on the bedpost overnight.

 

 


neb

2427 posts

Uber Geek

Trusted
Lifetime subscriber

  #2455296 5-Apr-2020 19:13
Send private message quote this post

Fred99: handing a cordless mic around isn't going to happen,

 

 

At least not without a lot of sanitizer to go with it... the practice I'm used to with questions from the audience is for the speaker to say "The question was ....." and then reply to it, so it could be solved by changing the format a bit.

 


1 | ... | 453 | 454 | 455 | 456 | 457 | 458 | 459 | 460 | 461 | 462 | 463 | 464 | 465 | 466 | 467 | 468 | 469 | 470 | 471 | 472 | 473 | ... | 805
Filter this topic showing only the reply marked as answer View this topic in a long page with up to 500 replies per page Create new topic





Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Soul Machines joins forces with the World Health Organization
Posted 13-Jul-2020 18:00


Chorus completes the build and commissioning of two new core Ethernet switches
Posted 8-Jul-2020 09:48


National Institute for Health Innovation develops treatment app for gambling
Posted 6-Jul-2020 16:25


Nokia 2.3 to be available in New Zealand
Posted 6-Jul-2020 12:30


Menulog change colours as parent company merges with Dutch food delivery service
Posted 2-Jul-2020 07:53


Techweek2020 goes digital to make it easier for Kiwis to connect and learn
Posted 2-Jul-2020 07:48


Catalyst Cloud launches new Solutions Hub to support their kiwi Partners and Customers
Posted 2-Jul-2020 07:44


Microsoft to help New Zealand job seekers acquire new digital skills needed for the COVID-19 economy
Posted 2-Jul-2020 07:41


Hewlett Packard Enterprise introduces new HPE GreenLake cloud services
Posted 24-Jun-2020 08:07


New cloud data protection services from Hewlett Packard Enterprise
Posted 24-Jun-2020 07:58


Hewlett Packard Enterprise unveils HPE Ezmeral, new software portfolio and brand
Posted 24-Jun-2020 07:10


Apple reveals new developer technologies to foster the next generation of apps
Posted 23-Jun-2020 15:30


Poly introduces solutions for Microsoft Teams Rooms
Posted 23-Jun-2020 15:14


Lenovo launches new ThinkPad P Series mobile workstations
Posted 23-Jun-2020 09:17


Lenovo brings Linux certification to ThinkPad and ThinkStation Workstation portfolio
Posted 23-Jun-2020 08:56



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.