I know we live in crazy times, but why now (given that demand was already falling off a month ago) is the bottom falling out today?
I've only been in the oil business for ten minutes, but I've never seen anything like it or understand fully what it means.
I know it’s mr obvious but all depends on when they open things back up. This could all just be a historic footnote at some point. They simply don’t have the storage capacity with the lack of demand. There’s some discussion the future might actually drop into the negative. but once demand turns back on it should return to “normal”
Something about the May futures contracts expire tomorrow is what articles I’ve read have been saying ¯\_(ツ)_/¯
Just as a reminder with all the university endowment shaming... (and I’m all for shaming Harvard): almost no institutions have liquid assets in their endowments and almost all assets in endowments are specifically tied to certain projects (capital projects, notably), chaired professorships, or student scholarships. The money isn’t fungible. It is LEGALLY tied to those obligations and they don’t have the authority to change what the spending is for.
But the university’s salaries are tied to the endowment and they aren’t returning student’s tuition money so why would they have a need for funds at this moment?
I’m not sure what you are getting at. Almost all schools are still operational and finishing the semester. They plan to continue to do so over the summer, too.
All University salaries aren't tied to the endowment. In fact, most aren't. Revenue tied to fundraising, international students, executive education, and many other programs have dried up, thus leaving holes in the budget. At many schools, central administration is fully funded by the individual schools and with those taking a hit, there's a need for funds too.
I don’t believe that they should’ve qualified for these loans, but that’s on the government and the banks not on the schools themselves.
I've heard some rumors from teachers in SE MI that they should be preparing for virtual learning through Jan 2021. Who knows what that really means, but if that is the case HS football in MI won't happen.
tweet is snarky, but people are leaning way too hard on the density and public space argument as the driver of the big outbreaks
Fn traitor. Cuomo says that NY is expecting a $10-15B deficit, and that there's no way they can fund diagnostic/antibody testing. Cuts expected for hospitals, schools, and other local funding.
Protesting for drinking iced tea in a restaurant and being able to purchase home garden supplies is the ultimate in white privilege.
Multiple Denver healthcare providers have also built out their own capacity. Will be curious to see how big Detroit mayor can scale that. My employer is now doing our own testing now with 24-36 hour turnaround times, but our capacity is limited by lack of funding to ramp up to a scale that would make widescale testing possible. Our state lab is trying to build capacity, but doesn't seem able to do so quickly for reasons I don't know. With healthcare providers and cities hurting so much for cash, it's a shame there isn't a singular large entity out there that could borrow almost interest free to fund all this.
Couple of threads discussing the difficulty of catching asymptomatics/presymptomatics even with a lot of testing
I’m pretty negative on the stock market overall in the next few months but the May oil contracts going negative had more to do with this being the last day they trade and the limited number of people who could take physical possession of oil right now with oil storage worldwide nearing peak capacity.