The coronavirus crisis has gotten to the point where Jim Geraghty is saying nice things about the New England Patriots and owner Robert Kraft after Kraft dispatched the team plane to China to pick up 1.2 million N95 masks. Jim and Greg also tackle the brutal loss of 6.6 million more jobs in the past week and wonder how soon we’ll have no choice but to reopen various sectors or regions of our economy. And they throw their hands up as Georgia GOP Gov. Brian Kemp says he only realized this week that COVID-19 could be spread by people before they start feeling sick.

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How do you quickly bail out thousands if not millions of businesses across the country, while protecting against waste and fraud? Business Interruption Insurance. Currently these policies dont cover pandemics. So ask the insurance companies to modify these policies to cover pandemics, and then have the Federal Reserve cover the insurance companies losses. More

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Join Jim and Greg as they cheer multiple health insurers easing up on deductibles, co-pays, and coinsurance over coronavirus. They also wince as the head of the Centers for Disease Control says it will take two years to fully defeat COVID-19. And they fume as the World Health Organization and others pretend Taiwan doesn’t exist in order to appease China and, in the process, ignores one the most successful coronavirus mitigation efforts in the world.

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Join Jim and Greg for two good martinis and some craziness. They welcome evidence that the spread of COVID-19 may be slowing in New York. They also salute private industries shifting their focus in big ways to meet the demand for ventilators, masks and more. And they roll their eyes as Nancy Pelosi begins eyeing the next big spending bill.

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Contributor Post Created with Sketch. The Grim Costs of Total Lockdowns

 

The coronavirus crisis raises two urgent questions for the United States: First, what are the likely number of deaths from the coronavirus in either the absence or presence of a determined program of social intervention? Second, what is the set of tools, both coercive and noncoercive, that should be used to implement the most effective interventions in light of the limited resources that are available? Both questions give rise to multiple, often clashing considerations, and they require urgent answers given the rising anxiety about the disease. As of March 30, a total of over 143,000 cases have been confirmed in the United States, with just over 2,500 deaths, many of which are concentrated in the New York metropolitan area.

It is critical to take a step back from the immediate crisis in order to articulate a few fundamental propositions that should help place this problem in context.

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Join Jim and Greg as they cheer much quicker COVID-19 tests, new treatments, and progress on a vaccine. They also discuss the likely impact of America shutting down for at least another month. And they shake their heads at the tactics of New York City Mayor Bill de Blasio and Rhode Island Gov. Gina Raimondo.

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Join Jim and Greg as they welcome reassuring news from Dr. Birx about the COVID-19 threat. They also agree there’s a ton of wasteful spending in the relief bill but aren’t sure if forcing members back to D.C. was a great move by Rep. Thomas Massie. And they slam media outlets for believing the U.S. really has more COVID-19 cases than China and wonder whether China is hiding a second spike of the virus.

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Contributor Post Created with Sketch. Politicians Have Overreacted to Coronavirus

 

The coronavirus crisis put Americans to the test. Could we function in a sane, scientifically informed, non-partisan manner to rationally protect the public while encountering a newly discovered viral disease?

The answer is no. Goaded on by in unrelenting hysterical media, our leaders have inflicted far more economic and societal pain on Americans than was warranted.

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Jim and Greg shudder as 3.28 million Americans lost their jobs last week. They also recoil at an alleged plot to bomb a hospital full of COVID-19 patients. But they cheer the U.S. lowering the boom on Venezuelan dictator Nicholas Maduro.

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In a special episode recorded from his parents’ basement, Jack invites R Street Fellow, “senator,” and sloth enthusiast Shoshana Weissman to discuss why she loves sloths, why she’s passionate about occupational license reform, and why SpongeBob is so great.

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Today, Jim and Greg applaud the practical approach of Dr. Fauci on chloroquine. They also grumble as Nancy Pelosi and Andrew Cuomo are still not sold on the COVID-19 relief bill, and Jim unloads on Bernie for still focusing on the 2020 campaign.

 

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Recommended by Ricochet Members Created with Sketch. 12 Weeks

 

This is approximately how long my business can run with no revenue on the amount of liquid cash assets I have on hand. 12 weeks. What is at the end of that 12 weeks? Unknown. At that time, will we be in a recovery phase enough to plod on? Will sufficient revenue return to dig out of the pit of the Wuhan reckoning? Will there be enough cash left to pay the IRS in July? Or will 12 weeks result in little change and I just walk away and lock the doors, let the bank have my building back, wish my employees well in their lives and bid adieu to 15 years of sweat equity?

My husband and I work together…we often tell how we started our business in 2005 with two laptops (bought on credit), a donated desk ,and a card table in a shared office space. I left a job in government with a guaranteed paycheck and benefits to join my husband on this adventure. (Our four young children at the time didn’t know how lean those years were.) We started with no employees, existed on a bank credit line, then hired one employee, then two, rented our own space….survived 2008-2010 recession…hired a third employee…bought our own building….hired more employees…opened additional locations…hired more employees…plowed our “profits” right back into our business in salaries and development and hiring of staff, expansion, and buying goods and services from other businesses.

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It’s all crazy news on Tuesday’s Three Martini Lunch! Join Jim and Greg as they catalogue the irrelevant and expensive Democratic Party wish list that House Speaker Nancy Pelosi wanted to promote while holding up vital coronavirus relief for families and businesses and how Pelosi wrongly assumed the media would cover for her. They also roll their eyes as multiple media outlets try to blame President Trump for the death of one man and the illness of the man’s wife after they consumed fish tank cleaner because it contained chloroquine. And they react to Liberty University welcoming students and faculty back to campus while the rest of Virginia and the nation increasingly shut down.

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Contributor Post Created with Sketch. Coronavirus Overreaction

 

Out of over 367,000 COVID-19 cases reported as of noon March 23, 2020, 16,000 people have died, a rough increase of about 9,500 from the past week. China has contributed about 3,500, a figure that is holding relatively stable — if we are to believe the reporting coming out of the People’s Republic of China — as is Iran’s total of 1,812 deaths (another potentially dubious total). In Spain, the death toll is 2,206. Italy has taken the lead with 6,077 deaths, 85 percent of which are of people over 70, which stems, it appears, from a conscious decision not to supply ventilators to anyone over 60. These four nations make up close to 13,000 deaths or about 82 percent of the total. Taken together, these four countries account for over 13,595 of the 16,097 deaths. The good news here is that the growth rates in both Italy and Spain have turned downward in the past 48 hours.

In my column last week, I predicted that the world would eventually see about 50,000 deaths from the novel coronavirus, and the United States about 500. These two numbers are clearly not in sync. If the first number holds, the total US deaths should be about 4 to 5 percent of that total, or about 2,000–2,500 deaths. The current numbers are getting larger, so it is possible both figures will move up in a rough proportion from even that revised estimate. Indeed, the recent run-ups in Italy and perhaps Spain suggest that those countries have yet to turn the corner.

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Good news is scarce once again today, but your Monday martinis dissect three critical stories. Join Jim and Greg as they slam House Speaker Nancy Pelosi for blowing up Senate progress towards a coronavirus relief bill, making it far less likely that individuals and businesses will have financial assistance in hand when their next rent or mortgage payments are due. They also cringe as New York Gov. Andrew Cuomo suggests the COVID-19 restrictions may be in place as long as nine months and up to 80 percent of the population will contract the virus anyway. So is the damage to jobs and businesses worth it if the restrictions won’t stop the virus from spreading? And Jim unloads on the World Health Organization for accepting China’s coronavirus lies as fact and failing to confront the regime in an effort to make sure the virus was contained.

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Member Post

 

I see that the deadline for tax payment, as well as for tax filing, has been delayed by three months. Now I’m neither a CPA nor the son of a CPA, but I’m guessing there is a cost associated with that: In other words, an increase in the Federal deficit. Which got me to wondering: […]

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Recommended by Ricochet Members Created with Sketch. Ingenuity to Beat the Ban

 

If any young reporters wish to prove their mettle, opportunities abound to explain the challenges businesses face in general quarantine. Even large corporations are already discussing layoffs and cancellation of projects that would otherwise enable more hiring.

Restaurants are struggling with the ban. But one local eatery has found a way to attract customers who cannot dine inside. As reported by Jacob Rascon at KPRC Channel 2 Houston:

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It always feels good to make it to Friday, but this week it’s especially welcome. Join Jim and Greg as they discuss reports that we may be days away from a national lockdown that closes airlines, the markets, and forbids millions from commuting to work. They also groan as a number of U.S. senators face lots of questions after selling off stocks before the market plummeted over coronavirus fears. And as three New Hampshire residents sue Gov. Chris Sununu over his allegedly unconstitutional order banning gatherings of more than 50 people,they discuss the tensions between freedom and safety.

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Recommended by Ricochet Members Created with Sketch. Member Post

 

Well, the federal government is looking to spend a frooglepoopillion dollars of economic stimulus money. I just have two requests. First, can we also try some supply-side economic stimulus? The Trump deregulation was the second-best thing about the Trump Presidency, and we should keep it up, especially now–and especially if we want more of the Trump […]

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