The media is FINALLY starting to do thier job
And this FINALLY popped up this morning.....
Suspected SARS virus and flu germs found in luggage: FBI report describes China'''s '''biosecurity risk'''
now, they jjjuuuuuusssstt have to join the dots.
-- WHERE did they get the samples
-- WHERE did the disease originate
-- WHAT was the precipitating event
Somebody in Wuhan walking this out of their BSL4 on the bottom of their foot.....
Come on media... its not too hard.... the information is out there. Its agonising how slow they are.
Could I have $1.4 billion, please.
As predicted, Virgin Airlines has started rattling the begging bowl for a staggering $1,400 million. Must admire their chutzpah.
According to their last financial report (2019) they lost about $1,000 million in the previous two years, and had balance day "interest-bearing liabilities - bank loans and bonds - of just over $3,000 million. Because they are not trading profitably they must borrow even more just to pay the interest!
Last week they had a market capitalisation of around $600 million. With debt of $3,000 mill their debt:equity ratio is a staggering 5:1. This is well into junk bond territory. Any D:E ratio above 2:1 is usually viewed as adventurous. And the company owes another $1,700 mill to its clients for airfares paid in advance.
And the company has virtually no collateral - almost all its aircraft are leased. Oh, and the lease payments must still continue even though the fleet is not flying.
And they want a loan of $1,400 milllion, even though they have virtually zero ability to make interest payments in the foreseeable future or to may loan repayments. If approved it will become a grant, not a loan - shall we call it a zero interest non-repayable loan?
Virgin has about 10,000 employees; That $1,400 mill amounts to $140,000 per job.
Pure chutzpah.