International News Covid-19 .....

Is that the same Richard Branson whose net worth is 4.1 billion?

Erstwhile owner of Virgin, who have asked their workers to take 8 weeks unpaid leave.

He could afford to give his former workers £500 a week for 8 weeks. At which point his net worth would be......

£4.06 billion.
 
Sheik djibouti said:
Is that the same Richard Branson whose net worth is 4.1 billion?

Erstwhile owner of Virgin, who have asked their workers to take 8 weeks unpaid leave.

He could afford to give his former workers £500 a week for 8 weeks. At which point his net worth would be......

£4.06 billion.
Click to expand...

The very same...... difference is the money/profit from Virgin is sitting in his account rather than the business for a "rainy day".

I say feck him and if they go under tough luck, the staff can then point the finger at him rather than "The Government".

Mind you I thought the same of the banking crisis, should have just paid every taxpayer £10k and let them divvy it up into savings etc and let the banks go tits up.

On a more positive note at least its not Corbyn leading us through these troubled times...... or me. :)
 
Essexyellows said:
If the "disaster capitalists" can keep a business going during or after this event then so can the owners? Yes they might have to make tough choices to survive but it will be us (employees/staff etc) that suffer the most because there are more of us to take it on the chin.

I give you Richard Branson "We need baling out at Virgin Atlantic" and Willie Walsh at BA "We are sat on £9 billion and will deal with it". Who is the better businessman who planned for the "rainy day" ?
Click to expand...
Big businesses are likely to have more resilient cash positions and credit facilities. Cashflow is the biggest threat to most growing businesses as they trade off growth against the balance sheet. It would suit Willie Walsh very well to see a bunch of challenger airlines go out of business or be available to purchase for £1, but in the long run that is bad for the industry and bad for the consumer.
 
tonyw said:
So again, without laying claim to any epidemiology expertise......
......one of the big challenges with this particular virus seems to be its long incubation period, which the experts seem to think is as long as 14 days.

Which means when you do go into lockdown in an effort to curb the disease (and the evidence from China/South Korea/Taiwan etc. suggests that this does work - although what happens when that lockdown is lifted remains to be seen), then you're likely going to have to wait two weeks until that has an effect.

COVID-19 is minor in Britain now. Which in fact means it looks almost exactly the same as Italy did two weeks ago.
So given that Britain has not yet taken lockdown measures to prevent spread, it would seem a racing certainty that the country will have the same number of cases two weeks from now that Italy has today.

Can the NHS cope with that? If it can - great. If it can't - then BoJo's strategy is moronic.
Click to expand...
And that is the hard part, but if we isolate too quickly, we're not going to get the herd immunity that the Govt are aiming for. Very tricky to not be dragged into the panic mode from a minority, when vocal parts of the media are just egging them on. The Govt have seen the data which is why the restrictions are coming now and will get tighter.

It's really hard to know if we are going to double dip the peak or will we time it right get what the Govt are looking for a long sustained smaller peak?

And the hard part, as you say, we have no comparative data for what happens once the lockdown stops. It's a really fine line, especially when a nasty flu season is coming to an end too. The hard part with Italy is reportedly the amount of Chinese that work in the country and the impact they had the data after travelling home for Golden Week (even though it was cancelled) - I read a fantastic Twitter thread that as usual, I can't find ,that was pointing out that Italy was an abnormality in the data, as is Norway because of travel to Italy.

It did point out that open borders in Europe were a detriment to stopping the virus. At least European are closing borders down - far too late to do anything meaningful though.
 
Essexyellows said:
The very same...... difference is the money/profit from Virgin is sitting in his account rather than the business for a "rainy day".

I say feck him and if they go under tough luck, the staff can then point the finger at him rather than "The Government".

Mind you I thought the same of the banking crisis, should have just paid every taxpayer £10k and let them divvy it up into savings etc and let the banks go tits up.

On a more positive note at least its not Corbyn leading us through these troubled times...... or me. :)
Click to expand...
I had a conversation with someone last week around Corbyn and how he'd cope with this crisis. Boris is by no means the perfect choice, but looking at what is left... Best of a bad lot!
 
Spare a thought for one particular 'trade' that has been decimated by the rise of Covid 19 .... house burglars!
what are they going to do now, with 'everyone' advised to work from home
 
Sarge said:
Spare a thought for one particular 'trade' that has been decimated by the rise of Covid 19 .... house burglars!
what are they going to do now, with 'everyone' advised to work from home
Click to expand...


They will just have to work from home like everyone else, however confusing this may end up being.
 
You must log in or register to reply here.

Similar threads

OUFC OX3
  • Poll
Within the UK should any COVID-19 restrictions be applied (poll)?
2
Replies
35
Views
7K
radicalox
radicalox
Essexyellows
International News Covid Passport....
4 5 6
Replies
105
Views
16K
mariokempes
M
Essexyellows
National News Good "Covid" News....
Replies
6
Views
6K
Essexyellows
Essexyellows
MalaysiaYellow
Covid 19 - The New Norm. Likes and Dislikes
3 4 5
Replies
85
Views
18K
MalaysiaYellow
MalaysiaYellow
mooro
1% for covid
2
Replies
31
Views
10K
Essexyellows
Essexyellows
Back
Top Bottom