Read an interesting article on the changes in the last 8 years with the big rental companies. Vehicles used to be leased, run to 30k and flipped back. Then they figured "why not squeeze a bit more out of them". Companies started buying the vehicles, flipped the higher mileage cars to offshoot "budget" companies, held by the big players. And then turn them again at auction.Hertz said in a U.S. court filing on Friday that it voluntarily filed for Chapter 11 reorganization. Its international operating regions including Europe, Australia and New Zealand were not included. However Canada is included in the U.S. proceedings.
In an attempt to appease creditors holding asset-backed securities that finance its fleet of more than 500,000 vehicles, Hertz has proposed selling more than 30,000 cars a month through the end of the year in an effort to raise around $5 billion US, a person familiar with the matter said. Hertz earlier signaled it could avoid bankruptcy if it received relief from creditors or financial aid the company and its competitors have sought from the U.S. government.
The firm is reeling from government orders restricting travel and requiring citizens to remain home. A large portion of Hertz's revenue comes from car rentals at airports, which have all but evaporated.
With nearly $19 billion US of debt and roughly 38,000 employees worldwide as of the end of 2019, Hertz is among the largest companies to be undone by the pandemic.
The bit you are missing is that there are too many stupid people who cannot be bothered to do any of the above, are incapable of following arrows in a supermarket, and are too dumb to stay 6 feet away.Trying to figure something out.
If 6' distancing works, why do we need mask?
If mask works, why do we need distancing ?
if both work, why are we locked down?
Seems something is not right with info.
Every way I do math, something does not add up.
So help me out???
OMG, thats so true here as well, the question is.....are they stupid or ignorant ?? Or both?The bit you are missing is that there are too many stupid people who cannot be bothered to do any of the above, are incapable of following arrows in a supermarket, and are too dumb to stay 6 feet away.
At least there is a chance of keeping things contained if these measures stay in place.
Here is one for you guys:Lockdown is to keep the diversity of the gene pool. Keeping safe from stupid isn't always in the hands of the Wise.