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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

This is my conversational account. For my work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    Venkatesh Rao‏ @vgr Apr 23
    • Report Tweet
    • Report NetzDG Violation

    What exactly are jobless people doing while unemployment claims get sorted out? Running up credit card debt? Relying on family/food banks? @athomasq do you know? Iirc the median American has less than a few hundred in emergency funds

    7:39 PM - 23 Apr 2020
    • 1 Retweet
    • 20 Likes
    • Adele Dewey-Lopez Pirates sleep soundly Seal of the Apocalypse Sachin Benny Brad Neuberg ✨⭐️💫oooOOOoooo✨✨ Queen of Nagoya ifrit Dr. Loh
    5 replies 1 retweet 20 likes
      1. Venkatesh Rao‏ @vgr Apr 23
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        Hmm... increasing credit card limits and suspending interest seems like a good way to distribute money fast

        2 replies 1 retweet 11 likes
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      1. New conversation
      2. Pamela J. Hobart‏ @amelapay Apr 23
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        Replying to @vgr @athomasq

        https://therealdeal.com/2020/04/15/more-plastic-in-the-pandemic-credit-card-rental-payments-up-30/ …

        1 reply 1 retweet 3 likes
      3. Pamela J. Hobart‏ @amelapay Apr 23
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        Replying to @amelapay @vgr @athomasq

        oh and don't forget this optionhttps://www.cbsnews.com/news/coronavirus-justice-dept-targets-landlords-demanding-sexual-favors-in-lieu-of-rent/ …

        0 replies 0 retweets 3 likes
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      2. Abraham Thomas‏ @athomasq Apr 24
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        Replying to @vgr

        Good question. My read is that many of the most precarious have not filed (and in some cases are not eligible to file) unemployment claims; they're still working -- stocking shelves, delivering packages, picking fruit, packing meat, operating cash registers etc.

        1 reply 1 retweet 2 likes
      3. Abraham Thomas‏ @athomasq Apr 24
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        Replying to @athomasq @vgr

        Most filers are slightly less precarious, but not by much. So both filers and non-filers are doing all of what you say: adding credit card balances, reducing debt payments to monthly minimums, using food banks, moving into joint or family housing, re-negotiating rent etc.

        1 reply 0 retweets 0 likes
      4. 2 more replies
      1. Michael Van Veen‏ @deconstructized Apr 23
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        Replying to @vgr @athomasq

        yeah it's bad man

        0 replies 0 retweets 1 like
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      1. Sameer S‏ @siruguri Apr 24
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        Replying to @vgr @athomasq

        at least 2nd degree, I know ppl who have done at least one of all of the above.

        0 replies 0 retweets 0 likes
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