Octopus Overlords

malchior wrote: ↑Tue Jun 16, 2020 11:47 am Rare good news here! Due to COVID-19 financial impacts my bank did reviews of existing mortgages and in my case waived my PMI way early. Funny enough I had talked to said same bank about a refinance in the hopes of getting rid of the PMI. Mission accomplished!

stessier wrote: ↑Tue Jun 16, 2020 12:23 pm

malchior wrote: ↑Tue Jun 16, 2020 11:47 am Rare good news here! Due to COVID-19 financial impacts my bank did reviews of existing mortgages and in my case waived my PMI way early. Funny enough I had talked to said same bank about a refinance in the hopes of getting rid of the PMI. Mission accomplished!

Congrats!

How early is early? I'm around 10 months from being able to ask for it to be dropped.

malchior wrote: ↑Tue Jun 16, 2020 1:39 pm

stessier wrote: ↑Tue Jun 16, 2020 12:23 pm

malchior wrote: ↑Tue Jun 16, 2020 11:47 am Rare good news here! Due to COVID-19 financial impacts my bank did reviews of existing mortgages and in my case waived my PMI way early. Funny enough I had talked to said same bank about a refinance in the hopes of getting rid of the PMI. Mission accomplished!

Congrats!

How early is early? I'm around 10 months from being able to ask for it to be dropped.

About 18 months. My valuation easily supports it which is what I was told.

Bankrupt Hertz Global Holdings Inc. HTZ, -10.00% is looking for a bankruptcy loan to fund its restructuring after the car-rental company suspended a controversial stock sale, The Wall Street Journal reported Thursday, citing people familiar with the matter. Hertz shares are halted Thursday for news. The company on Wednesday shelved plans for a potentially worthless stock offering after drawing scrutiny from regulators. Hertz is in discussions with top lenders for a loan that could approach $1 billion, the newspaper said. The company filed for bankruptcy on May 22, with nearly $20 billion in debt and hit by travel restrictions designed to slow the spread of the coronavirus.

hitbyambulance wrote: ↑Wed Jun 17, 2020 9:07 pm manager and the director of my department are going to make a last-ditch effort to get my contract extended. the company really really _really_ does not want to retain any contractors right now, however. the decision is now up to one of the VPs and the executive director of the entire organization - i should find out soon.

naednek wrote: ↑Thu May 14, 2020 10:28 pm

naednek wrote:In about an hour and half I'll learn that our Governor is going to reduce our pay by 10% I'm hoping it's in the form of furloughs. At least we will get time off. I saw this coming from day one and I understand and accept it.

I didn't accept it back in 2008 when Arnold the asshole blamed State workers for rich greedy wallstreet people's actions and gave us 3 furloughs a month.

And it happened with the caveat of If Nancy Pelosi gets her "Hero" bill passed, cuts to programs and wages would be cancelled. But we all know Trump will screw us being a Blue state.

Until then I'll miss having $600 a month in my pocket.

Chuck E. Cheese's parent company, CEC Entertainment, said Thursday it is filing for Chapter 11 bankruptcy protection, citing the "financial strain" of mass restaurant closures due to the coronavirus pandemic. The company said it expects to continue operating many of the family-oriented restaurants, which include the Peter Piper Pizza chain, as it reorganizes under the oversight of a federal bankruptcy court.

CEC said it had reopened 266 company-operated Chuck E. Cheese and Peter Piper Pizza restaurants as of June 24, which represents about half of its 555 company-owned restaurants. Those restaurants will continue to offer dine-in, delivery and carry-out services, as well as hosting birthday parties, while additional locations will continue to reopen, it said in the statement.

Bankruptcy filings are on the rise, with 722 companies seeking bankruptcy protection around the U.S. in May, a 48% increase from the year-ago period.

Isgrimnur wrote: ↑Thu Jun 25, 2020 3:06 pm Congratudolences

hitbyambulance wrote: ↑Fri Jun 19, 2020 6:19 pm

hitbyambulance wrote: ↑Wed Jun 17, 2020 9:07 pm manager and the director of my department are going to make a last-ditch effort to get my contract extended. the company really really _really_ does not want to retain any contractors right now, however. the decision is now up to one of the VPs and the executive director of the entire organization - i should find out soon.

aaand contract extended by two months.

gbasden wrote: ↑Fri Jun 26, 2020 7:48 pm
Any chance they might bring you in house?

GMTGames.com wrote:Doing a Bit to Care for our Customers, Too: The Return of the Tough Economy Special

We know that this virus, in addition to the threat it poses to our collective health, has had a negative economic impact on many of our customers, as well. As with so many social or economic problems, it's not within our power to provide big fixes—to restore lost jobs, retirement funds, or lost earning power. But we've decided, as we did numerous times in the wake of the 2008 financial meltdown, that we can show support for those of you who have lost jobs by giving you a free game or two. I know it's not much in the greater scheme of things, but we want you to know that we are thinking of you and that your welfare—including the ability to destress and decompress from the pressures of the world by playing games—is important to us. Here are the details:

Eligibility:If you have lost your job due to shutdown-related layoffs or closings since March 15, 2020, you are eligible to get one (non-US customers) or two (US customers) free games from us, from games that are in stock now. We'd love to give an extra game to international customers as well, but the spiking shipping rates overseas limit our ability to do so.

Process. If you'd like to take advantage of this offer, please drop an email to Tony Curtis, our LLC Manager, at a_curtis@sbcglobal.net. Please include proof or explanation of your job loss and your choice of which in-stock game(s) you'd like us to send. Tony will work with our office folks to take care of getting your game(s) shipped out to you.

One Game Exemption. We're sorry, but we're exempting the new game Imperial Struggle from this offer. We printed twice as many as usual, but based on current demand it looks like they'll be sold out within a couple months.

Isgrimnur wrote: ↑Tue Jun 30, 2020 4:32 pm Which will lead to a crash in retail real estate prices.

Airbus (AIR.PA) on Tuesday announced plans to cut 15,000 jobs from its global workforce, citing the impact of the coronavirus pandemic on the aviation industry.

The French plane maker said the job cuts, which affect around 11% of staff, were “necessary” for “safeguarding the company’s future” in light of the COVID-19 pandemic.

Some 1,700 jobs will be lost in the UK. Airbus employs 13,500 people primarily at its Broughton and Filton sites.
...
The deepest cuts will fall in France, where 5,000 jobs will be cut, and Germany, where 5,100 roles are set to be lost. Airbus currently employs 135,000 globally.

Airbus said it would work with unions to cut headcount as much as possible using voluntary departures, early retirement, and long term partial unemployment schemes. However, it said it could not rule out redundancies.
...
The job cuts come despite a €15bn (£13.6bn, $16.8bn) bailout package announced by the French government for Airbus and Air France earlier this month.

The coronavirus pandemic has led another retailer to file for bankruptcy.

Lucky Brand Dungarees LLC, which has about 200 Lucky Brand stores in North America and sells its products in department stores, announced it had filed for Chapter 11 bankruptcy protection Friday with plans to sell the equity-backed business to the SPARC Group, operator of Aéropostale and Nautica.

The company also plans to close at least 13 stores in bankruptcy, it said in a news release.

LordMortis wrote: ↑Mon Jul 06, 2020 8:48 am My property value must be going up because my summer property tax bill has been going up like crazy over the last five years. I used to think my property taxes were cheap by comparison but I'm to the point where I need to budget for them ahead of time ever year. The furlough and reduced pay for me for April, May, and part of June really punctuate the check I am writing.

pr0ner wrote: ↑Mon Jul 06, 2020 9:17 am You mean you don't *know* if your property value has gone up?

LordMortis wrote: ↑Mon Jul 06, 2020 8:48 am My property value must be going up because my summer property tax bill has been going up like crazy over the last five years. I used to think my property taxes were cheap by comparison but I'm to the point where I need to budget for them ahead of time ever year. The furlough and reduced pay for me for April, May, and part of June really punctuate the check I am writing.

LordMortis wrote: ↑Mon Jul 06, 2020 9:30 am

pr0ner wrote: ↑Mon Jul 06, 2020 9:17 am You mean you don't *know* if your property value has gone up?

I don't pay attention I know my home value the shitter in 2008-2010 and didn't bounce back. Looking at tax bill, it looks like there have been some pretty big jumps in value but even more so, they've gone to friggen town with millage increases.

LawBeefaroni wrote: ↑Mon Jul 06, 2020 9:36 am Just paid $4K and got my second installment bill for another $3.5K.

LordMortis wrote: ↑Mon Jul 06, 2020 9:30 am

pr0ner wrote: ↑Mon Jul 06, 2020 9:17 am You mean you don't *know* if your property value has gone up?

I don't pay attention I know my home value the shitter in 2008-2010 and didn't bounce back. Looking at tax bill, it looks like there have been some pretty big jumps in value but even more so, they've gone to friggen town with millage increases.

RMC wrote: ↑Mon Jul 06, 2020 9:36 am

LordMortis wrote: ↑Mon Jul 06, 2020 9:30 am

pr0ner wrote: ↑Mon Jul 06, 2020 9:17 am You mean you don't *know* if your property value has gone up?

I don't pay attention I know my home value the shitter in 2008-2010 and didn't bounce back. Looking at tax bill, it looks like there have been some pretty big jumps in value but even more so, they've gone to friggen town with millage increases.

And what the government values your house at to tax you, and what you can sell your house, at least in my experience, are two different things.

RMC wrote: ↑Mon Jul 06, 2020 9:36 am

LordMortis wrote: ↑Mon Jul 06, 2020 9:30 am

pr0ner wrote: ↑Mon Jul 06, 2020 9:17 am You mean you don't *know* if your property value has gone up?

I don't pay attention I know my home value the shitter in 2008-2010 and didn't bounce back. Looking at tax bill, it looks like there have been some pretty big jumps in value but even more so, they've gone to friggen town with millage increases.

And what the government values your house at to tax you, and what you can sell your house, at least in my experience, are two different things.

TheMix wrote: ↑Mon Jul 06, 2020 10:46 am Our taxes have nearly doubled in the last 5 or so years. But I don't want to argue the point because the city still hasn't apparently figured out that we added an addition that almost doubled the size of the house. I suspect that I'm still way ahead of the game.

RMC wrote: ↑Mon Jul 06, 2020 10:53 am

TheMix wrote: ↑Mon Jul 06, 2020 10:46 am Our taxes have nearly doubled in the last 5 or so years. But I don't want to argue the point because the city still hasn't apparently figured out that we added an addition that almost doubled the size of the house. I suspect that I'm still way ahead of the game.

We added a huge addition like 10 years ago, and no one caught on for about 7 of those years even though we had to pay a bunch of money for permits that showed exactly what we were doing. So I didn't feel any civic duty to report anything. But boy when they discovered it, my taxes went up by almost 75%, that kind of sucked.

United Airlines on Wednesday said it is warning about 36,000 front-line employees — more than a third of its staff — about potential furloughs as the coronavirus pandemic continues to roil travel demand.

The potential for the mass job cuts, the largest announced by a U.S. airline so far, comes as signs of a recovery in air travel fade with new coronavirus infections and travel restrictions. Other airlines have warned employees about possible staff reductions and are likely to follow suit with similar formal notices in the coming weeks.

Federal law requires employers to give staff notice about possible layoffs or temporary furloughs 60 days in advance. United and other airlines that took $25 billion in federal payroll support are prohibited from laying off, furloughing or cutting the pay rates of staff until Oct. 1.

In a memo sent to employees Wednesday, United said workers who are informed that their jobs are at risk might not ultimately get furloughed. The company said it will exhaust voluntary measures before cutting employees. Some of the furloughed staff may be called back to work but that will depend on a return to demand, which some industry executives say could take years.