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Formula280SS

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Everything posted by Formula280SS

  1. IMO, it's not really about not paying US taxes (employment taxes by employers and employees, sales and drinks taxes and other fees in some ports, or federal and state (if applicable) income taxes). IMO, the real reason is that there are no votes to be gained from the ship employees to merit cause for consideration of relief, assistance or even timely protocol response.
  2. Thanks. We hear that from almost everyone that has been to Florida from the Fall through now. Heck, even one of our sons, with essentially shuttered hospitality venues in Boston, just went back down there for another 6-8 weeks to enjoy not only the weather but the seemingly stress-free comparative daily life. Funny about those vaccine colors. 😀 Funny here in our little state, vaccinations going as well as supply allows, it was just highlighted in the news how "thousands" are ready to assist in giving the vaccinations. Odd in that we get 17,000 per week, a little under 2,500 a day. If we have thousands doing the vaccination, what are they doing "one apiece per day?" 🙄
  3. I hadn't seen that, thanks. And, I do get it. My point was, there was total support from the MSM in regards to NY versus administration; so with anticipation the wait to watch what they say about Florida (risking lives, dangerous, no regard for the science, reckless...just a few descriptions expected). Again, I believe the federal government has the legal authority as cited, and believe that if the greater NYC area was quarantined at the outset of the pandemic it would not have traveled so far so fast. Heck Wuhan, a large metropolis about 2/3rd the size of NYC, was quarantined for 76 days; apparently effectively per world reports.
  4. It's all "relative." When NYC was the epicenter of the virus at the outset with thousands and thousands of cases, hospitalizations and deaths, and a quarantine was considered by the administration; it was rebuked by governor of NY as illegal, supported by the MSM and related allies. So now, we have a 180, as a small number of a "variant" (British, African or Brazilian, variant of the Wuhan, China 🤐 original virus) appear in Miami, in Florida. What do you think that those so adamantly opposed to the NYC quarantine would think about a quarantine on the STATE of Florida? 🙃 Personally, I was in favor of the greater NYC area quarantine response at the time and believe that it was legal under cordon sanitaire from the Public Health Services Act. But hey, political science is "the science" in lay of our land today. https://www.cnbc.com/2020/03/28/ny-gov-cuomo-says-trump-has-no-authority-to-impose-quarantine.html
  5. 😀 Yep. We've got tons of "travel funds available." Also, we still have no idea what we're going to do with these either (or the companion pass). 😲
  6. I can understand the frustration. I guess we were reacting in real time as what we were told kept changing and getting pushed out. IMO, not all was based on the virus and the response, it snowballed and even continued into the vaccination phase, which also we were to believe would the light at the end of the tunnel (which now looks like we'll still be wearing double masks, social distancing, etc. and group or crowd activities, unfortunately and especially cruising, will be subject to the "cause to remove" Great Reset). It does look like, at 18 months, we will still be another 6-9 months away from whatever the new protocols on revenue cruising as we know it. Re: teachers back, most are, in one form or another; except for some really demographic teacher union resistance areas. Here is a state by state site for updates. Just hover over a state. There are many states which, after an initial shutdown on the virus outset, returned to school. https://*****/3rPboQN Or this one. 🙄 https://www.edweek.org/leadership/map-where-are-schools-closed/2020/07?s_kwcid=AL!6416!3!486544088589!b!!g!!&utm_source=goog&utm_medium=cpc&utm_campaign=ew+dynamic+recent &ccid=dynamic+ads+recent+articles&ccag=recent+articles+dynamic&cckw=&cccv=dynamic+ad&gclid=EAIaIQobChMIv62x2pLi7gIVD7SzCh0B8wH8EAAYASAAEgIWT_D_BwE Re: restaurants, etc., it is a state by state, and even county or city intra-state, matter. Many states are quite open, others are quite locked down. Re: % of population cruisers. Yep. That doesn't mean that cruising shouldn't be allowed to those who choose to under the new, upcoming conditions and protocols. IMO, it will not be from the US ports for quite a bit longer than non-US ports. Too much political science, or lack, manipulation and selective application at hand. Hope you hope again. Good luck. 👍
  7. We know. Don't be so hard on yourself.
  8. It looks not everyone had the same experience (i.e., like "everyone in the YC"). LOL. MSC in 2019 over 2018 ~ MSC's passenger occupancy was a record 112.3%. MSC's passenger capacity increased 14.4%. MSC's passenger count increased 16.2%. MSC's revenues increased 17.5%. What every happened to Life Cereal?
  9. Not that I know of currently. The plan in the U.S. appears to be to just keep printing money. 😲 It doesn't really matter what the deficit (approaching 30 trillion) is as even that doesn't count the massive unfunded future obligations (estimated at almost 131 trillion) in the Financial Report of the US Government. Hope we get to cruise and travel before the proverbial economic reality (SHTF) sets in.
  10. The $25 billion in loans by the U.S. are extremely low interest, unsecured loans over 10-years. The airlines also borrowed tens of billions in the Spring market for 11-12%. So, the low interest subsidy is a factor. I'm not objecting to the airlines getting preferential treatment, just stating that they are only able to do so with the continued massive U.S. (mostly future taxpayers) support. Oh, and yes. I do understand the difference.
  11. Of course they did. And, a lot more than what most know. For example, regarding the Spring 2019 $25 billion was really quite a bit more ~ "The industry got $25 billion in payroll support, largely in the form of grants, and another $25 billion in loans, not to mention a subsequent $10 billion in both grants and loans for cargo airlines and industry contractors."
  12. Well, the airlines got $25 billion in the Spring of 2019 and $15 billion allocated recently under U.S. programs.
  13. I've seen some posts re: customer deposits. Some points noted were that customer deposits, in a U.S. bankruptcy court, are below secured creditors and administrative expenses (the bankruptcy restructuring proceeding; these are big dollars for legal, consulting, etc.) and that, under the best scenario, such are only allowed up to a maximum amount of $2,600 ahead of unsecured creditors. Also, NCL is incorporated in Bermuda, so it would appear that jurisdiction has something different than the above. Re: affect on cruise. Generally, if the creditors (senior most are the ones in control of the creditors committee) agree, or if the court orders without their agreement, can let the entity continue to operate. The entity generally would try to get DIP (debtor in possession) financing for such and such new lenders actually take priority position over pre-existing creditors (in the U.S.). Typically, a large pre-existing creditor or group is a DIP lender. Re: your deposit less formally, one would think that a subsequent, reorganized entity, usually the most senior of creditors, would want to make good on customer deposits and honor them in some way.
  14. Re: selling any ships, the ships are individually, or in groups, fully leveraged (with loans already), so they would essentially get nothing for selling a ship. They don't have the size of CCL or RCL that also have a long list of old ships (primarily CCL, which has sold the most). Re: bankruptcy, which likely will be a reorganization, is the primary method to wipe out equity (shareholders first), and then creditors on the lower end of the scale (elimination or concessions). IMO, something called NCL will continue, just with a different ownership structure controlled by the most senior of the bondholders. Re: continuing to advertise, they need to keep getting customer deposits, which are interest free, uncollaterized loans at this point. IMO, NCL (or any of the other cruise lines or other industries) didn't do anything from a company or management position that caused this; it's 100% the pandemic. The same 15 days a year ago to "bend the curve" looks like it might turn into almost a 2-year revenue free, then revenue diminished time period. They've done almost everything financially that they could, for example the $850M the borrowed in December, which will be needed if they can't refinance the $700M debt due late this fall.
  15. Not trashing others opinions, just taking the words out of my mouth that they put in and then subjected to judgment. BTW, any thoughts on NCL taking creative, innovative action fast? Nope. I didn't think so. Thought police; another volunteer.
  16. Well, you step into the middle of an ongoing issue between others, ignore the substance of the OP for NCL needing to get creative and fast, purport that it was stated that the cruise lines could port with itinerary at island nations against their will and then share, from your judicial perch, childish name calling. I think you are due for retirement. You concurrence with another of similar social media self aggrandized admiration is inconsequential. Also, there was no deflection, nor answer required, and there was no argument. You (plural) "made such up" because the real common trait today is the inability (by some) to let people express their own opinions, have their own beliefs, make up their own minds and conduct ones life activities outside of and without regard to whether or not the self appointed ruling class approves. Back to the OP, NCL needs to get creative and aggressive and it needs to do such fast or it isn't going to make. That's IMO, will always be.
  17. Yep, seen that. Appreciated. I understand the 'lag, just would really like to see it in the deaths just to establish the % of those that might have died regardless of the virus.
  18. The reference to the cruise to to nowhere was clarified, and it was never disputed that the private island nations would have to agree. Again, the high horse saddle you wear quite well at time. You might want to actually read what discussed before launching into another childish tirade. The reference to vaccination requirement for the crews is a sold recommendation and requirement. I could really care who pays the token fee, relative to the 150-170M a month in losses and cash burns. Again, I know you hate the cruise lines. I can't fix whatever you problems were with them, but from the personalization of your posts I can certainly get a good idea as to what the cause was.
  19. Didn't say it or they did not. Try to stay calm, relax. Get a grip. Don't read with a confirmation bias and portend to offer in the nonexistent ruse. Clearly, the suggestion was actually focusing on complying with required "one stop" for US purposes. It is rather clear. However, I'm 100% sure you'll disagree or impart some other outside of the post purpose peripheral pivot.
  20. Yep, that's one source. Another ~ https://ourworldindata.org/grapher/us-daily-covid-vaccine-doses-administered?tab=chart&stackMode=absolute&region=World What's missing in this data, for each, and in the CDC linked data, is the detail of the number of vaccinations that are ~ ~ First doses ~ Second doses I understand they are trying to track the doses getting used, but some states are leveraging the hold-back for the required second doses, and some states are just letting everything they've got fly on the bet that there will be no interruption in the planned/estimated subsequent shipments. Quite interesting. It really would be nice to have actual data that is meaningful, i.e., by dose.
  21. Agreed. I had planned the cruises to nowhere to stop at a private island. So, to nowhere is out from US ports. Agree on the restructuring outlook. Quite familiar with it from 2009-2012 of public companies. Complexities increased with other jurisdictions. The debt markets appear, IMO only, to be positioning for such. These "investors" are not in it to be nice.
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