Black Monday

[jonu]

Nope - bigger reductions plus deferment of any overdue rentals for 6 months.

Which is fair enough imo.

It's a tricky one. Rates, Insurance and maintenance don't disappear. Rates and Insurance are often the responsibility of the tenant in a Commercial Lease and I can't see local Councils shrinking the Rates demand!

[Balance]

It's a tricky one. Rates, Insurance and maintenance don't disappear. Rates and Insurance are often the responsibility of the tenant in a Commercial Lease and I can't see local Councils shrinking the Rates demand!

As long as the tenants stick together, the shopping malls and landlords are going to have to be realistic.

It's a force majeure event over which both parties have no control so tenants lose all revenues and it is only fair that landlords lose revenues as well.

Lawyers are going to be the richer anyway out of this!

[Balance]

As long as the tenants stick together, the shopping malls and landlords are going to have to be realistic.

It's a force majeure event over which both parties have no control so tenants lose all revenues and it is only fair that landlords lose revenues as well.

Lawyers are going to be the richer anyway out of this!

https://www.smh.com.au/business/comp...24-p54mxb.html

Looks like heading to court in Australia in some instances. Landlords will be reluctant to test their agreements in court, I suspect.

[Brain]

At our club, over the hill from Atown, they've gone for missing every 2nd tee time - so instead of every 8 minutes, then 16 minutes apart......

Given you can only play in your bubble (by yourself or maybe with your significant other), basically 4 or 5 can play per hour. Was booked out for at least the next week within a couple of hours.

There are some unhappy people!!

If that is their only worry then they are not living on the same planet as the rest of us.

[Ricky-bobby]

What’s going to happen in the market this week?.. tues/wed will be up as people are feeling good about level 3, then there will be a slide to the weekend as everyone realises that it’s not much different with more announcements from businesses saying they r really hurting/ cap raises..thoughts?..

[Balance]

Lifeline for our tourism sector when (not if) Australasian bubble is created to facilitate travel between the two countries.

Will make a huge difference to both countries.

Let's hope the bubble is in time for the Queenstown ski-season.

Note that Australian tourists & travelers account for 50% of all international visitors to NZ.

https://www.news.com.au/travel/trave...9c05a352c7bf95

https://www.tourismnewzealand.com/ma...ets/australia/

[Tomtom]

I can't stop clicking the refresh button on WTI tonight, it's absolutely cratering. There must be more tight oil producers getting ready to throw in the towel now.

Here we go again with WTI it seems!

[bull....]

oil should in theory go to zero or negative again in june futures if conditions havnt changed from may.

[Raz]

Lifeline for our tourism sector when (not if) Australasian bubble is created to facilitate travel between the two countries.

Will make a huge difference to both countries.

Let's hope the bubble is in time for the Queenstown ski-season.

Note that Australian tourists & travelers account for 50% of all international visitors to NZ.

https://www.news.com.au/travel/trave...9c05a352c7bf95

https://www.tourismnewzealand.com/ma...ets/australia/

Our ski season in Queenstown, in a normal year commercially is always depend on aussie tourist from Victoria.

[bull....]

Covid 19 coronavirus: Universal Basic Income high on Government's post-lockdown agenda

https://www.nzherald.co.nz/business/...ectid=12327758


that be good , roll all the welfare schemes into one UBI for everyone. the problem i guess with the current welfare ( dole) is if one person in a family loses there job more than likely be no welfare and what once was a two income family is now a one income family in poverty due to the very tight criteria for married couples. very likely this senario will play out in NZ under current rules