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Penn State Plan to Deal with $260m Shortfall

bobroars

Well-Known Member
Jul 24, 2012
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Cutting salaries by half for employees who are not able to perform their duties during the pandemic and cutting all budgets by 3%. Postponing some capital expenditures too. This is starting to get really ugly.
 
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I have to wonder when students will be allowed to go back to campus.
 
Cutting salaries by half for employees who are not able to perform their duties during the pandemic and cutting all budgets by 3%. Postponing some capital expenditures too. This is starting to get really ugly.
BOT and President Barron are also not taking pay checks until everything returns back to normal.

Hahahahahahaha!!! Just kidding!
 
And cutting the $260m will put more pressure on the State College economy. Ugh
 
If they totally believe there could be another outbreak Late Fall/Winter, I wouldn't be shocked if they do online for the next year. I think sending schools back right away is a gray area
Eventually cooler heads will prevail and the fall semester will go off as it usually does. There are multiple strains of the virus, that eliminates a vaccine as a possibility. Bottom line, half the people who are dying are in long term care facilities where average life expectancy is 6 months. Almost all of the other people who die who at least one co-morbidity and most have multiple. If you are reasonably healthy, your chance of death from covid is miniscule.

Colleges do not allow students on campus in the Fall and they get killed financially. Room and Board are huge markups, lot of those dorms were built with borrowed money...
 
Thank God I didn’t sign $1000 per month lease at one of the fancy new high rises.
 
Eventually cooler heads will prevail and the fall semester will go off as it usually does. There are multiple strains of the virus, that eliminates a vaccine as a possibility. Bottom line, half the people who are dying are in long term care facilities where average life expectancy is 6 months. Almost all of the other people who die who at least one co-morbidity and most have multiple. If you are reasonably healthy, your chance of death from covid is miniscule.

Colleges do not allow students on campus in the Fall and they get killed financially. Room and Board are huge markups, lot of those dorms were built with borrowed money...
Eventually cooler heads will prevail and the fall semester will go off as it usually does. There are multiple strains of the virus, that eliminates a vaccine as a possibility. Bottom line, half the people who are dying are in long term care facilities where average life expectancy is 6 months. Almost all of the other people who die who at least one co-morbidity and most have multiple. If you are reasonably healthy, your chance of death from covid is miniscule.

Colleges do not allow students on campus in the Fall and they get killed financially. Room and Board are huge markups, lot of those dorms were built with borrowed money...
So half the people dying are in long term facilities? So the risk of death is minuscule??? I think that better describes your knowledge of this pandemic.
 
If they totally believe there could be another outbreak Late Fall/Winter, I wouldn't be shocked if they do online for the next year. I think sending schools back right away is a gray area
Well, now that Nate chimed in, we know fall semester will be totally normal. Better reserve your tables at Champs downtown for opening football weekend.
 
Eventually cooler heads will prevail and the fall semester will go off as it usually does. There are multiple strains of the virus, that eliminates a vaccine as a possibility. Bottom line, half the people who are dying are in long term care facilities where average life expectancy is 6 months. Almost all of the other people who die who at least one co-morbidity and most have multiple. If you are reasonably healthy, your chance of death from covid is miniscule.

Colleges do not allow students on campus in the Fall and they get killed financially. Room and Board are huge markups, lot of those dorms were built with borrowed money...

key word is eventually. Dont see it being August.
 
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Eventually cooler heads will prevail and the fall semester will go off as it usually does. There are multiple strains of the virus, that eliminates a vaccine as a possibility. Bottom line, half the people who are dying are in long term care facilities where average life expectancy is 6 months. Almost all of the other people who die who at least one co-morbidity and most have multiple. If you are reasonably healthy, your chance of death from covid is miniscule.

Colleges do not allow students on campus in the Fall and they get killed financially. Room and Board are huge markups, lot of those dorms were built with borrowed money...
Best 7 sentence summary of the situation i have read. Well done.
 
So half the people dying are in long term facilities? So the risk of death is minuscule??? I think that better describes your knowledge of this pandemic.
So what is you point? It is what it is. Nature always wins (unfortunately)

The fact is over 50% of deaths in PA as of 4/22 were in nursing homes. 48% of all positive cases (18,912) were 50 or older and of those cases, 48% required hospitalization( 9,077). Compared to 47% of positive cases (16,771) coming from under 49yo demographics.. Of those 49 and under, only 7% required hospitalization. PA has all the info, but one thing they have not detailed is death by age for some reason. But you get the picture
 
So what is you point? It is what it is. Nature always wins (unfortunately)

The fact is over 50% of deaths in PA as of 4/22 were in nursing homes. 48% of all positive cases (18,912) were 50 or older and of those cases, 48% required hospitalization( 9,077). Compared to 47% of positive cases (16,771) coming from under 49yo demographics.. Of those 49 and under, only 7% required hospitalization. PA has all the info, but one thing they have not detailed is death by age for some reason. But you get the picture
I get the picture. The entire nation has been shut down to prevent nursing home deaths.
 
Have Fats and his brain trust announced how much of a voluntary pay cut they are taking?
 
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No, the shutdown was to prevent high-risk individuals from overwhelming hospitals first and foremost. I am in agreement with that strategy.

That strategy is idiotic. High risk populations should have been put on shelter in place directives along with those that must care for them while everyone else is put under regionally appropriate restrictions.

In a nut shell, we didn't have to destroy the economy to achieve the results we did given the very low risk THE VIRUS (insert foolish overly dramatic voice) is to almost everyone under 60.
 
Eventually cooler heads will prevail and the fall semester will go off as it usually does. There are multiple strains of the virus, that eliminates a vaccine as a possibility. Bottom line, half the people who are dying are in long term care facilities where average life expectancy is 6 months. Almost all of the other people who die who at least one co-morbidity and most have multiple. If you are reasonably healthy, your chance of death from covid is miniscule.

Colleges do not allow students on campus in the Fall and they get killed financially. Room and Board are huge markups, lot of those dorms were built with borrowed money...
And high rise luxury apartments downtown which can’t go empty. Catastrophic impact on college towns like SC.
 
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That strategy is idiotic. High risk populations should have been put on shelter in place directives along with those that must care for them while everyone else is put under regionally appropriate restrictions.

In a nut shell, we didn't have to destroy the economy to achieve the results we did given the very low risk THE VIRUS (insert foolish overly dramatic voice) is to almost everyone under 60.

I agree I think the decisions on the local/fed level will make 2008-2015 look like a vacation.
 
And clearly this is turning out to be not nearly as deadly as everyone thought. With the new test in NY with people with antibodies it’s now estimated 2.7 million had the virus previously. That doesn’t mean they didn’t have symptoms. It was probably before anyone tested for it. I’ve said it numerous times I had it the beginning of February, I’ve asked for Antibody tests but no one here is doing it. So we are destroying the country for 0.2% death rate. And think about this if half are in nursing homes they’ve been wearing masks there this whole time. Cuomo was asked about this today and he didn’t have an answer...in NY they allowed positive patients from nursing homes to go back there. Wait you shut the economy down but let infected people back with at risk people. What sense does that make. Unfortunately doom sayers always win the day. Rant over.
 
That strategy is idiotic. High risk populations should have been put on shelter in place directives along with those that must care for them while everyone else is put under regionally appropriate restrictions.

In a nut shell, we didn't have to destroy the economy to achieve the results we did given the very low risk THE VIRUS (insert foolish overly dramatic voice) is to almost everyone under 60.

Th economy is destroyed?
 
And clearly this is turning out to be not nearly as deadly as everyone thought. With the new test in NY with people with antibodies it’s now estimated 2.7 million had the virus previously. That doesn’t mean they didn’t have symptoms. It was probably before anyone tested for it. I’ve said it numerous times I had it the beginning of February, I’ve asked for Antibody tests but no one here is doing it. So we are destroying the country for 0.2% death rate. And think about this if half are in nursing homes they’ve been wearing masks there this whole time. Cuomo was asked about this today and he didn’t have an answer...in NY they allowed positive patients from nursing homes to go back there. Wait you shut the economy down but let infected people back with at risk people. What sense does that make. Unfortunately doom sayers always win the day. Rant over.
Where are you and how hard did you look for the antibody test?
Just curious. I'd expect you'll be able to get tested soon.
I am in SE MI, and I looked into it today, and could have been tested today at 2 different places within 5 minutes of my house, but scheduled it for tomorrow afternoon due to other commitments today.
 
Apparently the attitude is if the people dying are either old or fat then it's not that big of a deal. It really sad some people think that way.

COVID victims are disproportionately black as well. But it is a phucking fallacy that this is only an old folks disease. Note the latest data that some people in their 40s and 50s are suffering severe COVID related strokes. It’s a horrible disease. But hey, cooler heads will prevail.
 
COVID victims are disproportionately black as well. But it is a phucking fallacy that this is only an old folks disease. Note the latest data that some people in their 40s and 50s are suffering severe COVID related strokes. It’s a horrible disease. But hey, cooler heads will prevail.

My wife's uncle just tested positive. He's older (than me - mid 60's), lives in Philly. He also does not leave his apartment because of health reasons. He's been in his place, by himself (no wife/kids) since well before the lockdown. He has all of his food delivered. But, he also is visited by a nurse once a week. She must have had it and been asymptomatic because he's been feeling unwell since after St. Patrick's Day. Finally goes to the doctor a few days ago and is positive. He seems to be doing well, but still - pretty sh*tty.
 
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