The economic plus side of Covid-19

[Borg Refinery]

Really?  The other day the Downing Street press conference went wrong and the reason given was "technical issues with zoom".

Yup, more clarity here -



Government and parliament were told by the intelligence agencies last week not to use the videoconferencing service Zoom for confidential business, due to fears it could be vulnerable to Chinese surveillance.



The quiet warnings to limit the technology came after the cabinet had used Zoom to hold a well-publicised meeting at the end of March, a decision that was defended at the time as necessary in "unprecedented circumstances".



Parliament was advised last week by the National Cyber Security Centre, part of intelligence agency GCHQ, that Zoom should only be used for public business.



A parliamentary source said those involved were advised Zoom ought not be used for classified business and there was an explicit warning from NCSC "not use it to talk about things detrimental to the interests of China".



But the warning was only shown to people directly engaged in the negotiations, and not shared more widely with MPs, including members of the foreign or other select committees who may want to conduct inquiries into China-related matters.



Senior parliamentary figures were also told that Zoom was safe to use for public business, and the technology was this week used as part of the proceedings in the House of Commons, including at prime minister's questions.



https://www.google.com/amp/s/amp.theguardian.com/uk-news/2020/apr/24/uk-government-told-not-to-use-zoom-because-of-china-fears">https://www.google.com/amp/s/amp.thegua ... hina-fears">https://www.google.com/amp/s/amp.theguardian.com/uk-news/2020/apr/24/uk-government-told-not-to-use-zoom-because-of-china-fears



I wonder if they detrimentally mentioned China before it went awry?

[Javert]

Ruled out for govt use as a security risk iirc (and rightly so).

Really?  The other day the Downing Street press conference went wrong and the reason given was "technical issues with zoom".

[Borg Refinery]

https://www.google.com/amp/s/www.bbc.com/news/amp/technology-52200507">https://www.google.com/amp/s/www.bbc.co ... y-52200507">https://www.google.com/amp/s/www.bbc.com/news/amp/technology-52200507



It's the non standard encryption keys (made in China) and traffic 'mistakenly' being routed thru China, plus extra vulnerabilities that according to the Dept of Homelande Security make it vulnerable to invisible eavesdroppers & foreign spies, that makes it unsuitable for use. But yeah, oddball neds are a concern too.

[Barry]

Ruled out for govt use as a security risk iirc (and rightly so).

They upped their game and provided password security to meetings to prevent eavesdropping and photobombing by perverts.

[Borg Refinery]

Yes - it's a bit curious how Zoom has taken off as the "only" option for this - there are actually several other services just as good (or in some ways arguably better) than Zoom for these type of things, but for some reason Zoom took off when the Pandemic started and now it's become synonymous like "hoover" or whatever - probably just luck I suspect.

Ruled out for govt use as a security risk iirc (and rightly so).

[Javert]

Eric Yuan, the founder and CEO of Zoom, has made nearly $4 billion in 3 months as usage of his video conferencing software skyrockets amid the coronavirus pandemic.

Yes - it's a bit curious how Zoom has taken off as the "only" option for this - there are actually several other services just as good (or in some ways arguably better) than Zoom for these type of things, but for some reason Zoom took off when the Pandemic started and now it's become synonymous like "hoover" or whatever - probably just luck I suspect.

[Borchester]

Eric Yuan, the founder and CEO of Zoom, has made nearly $4 billion in 3 months as usage of his video conferencing software skyrockets amid the coronavirus pandemic.

On a lesser scale,my boy, who makes his living fixing computer systems, has seen an agreeable increase in trade as a result of the unlocking of the lockdown. Apparently a lot of firms sent everyone home and then turned off the power. And now the systems won't power up without my son doing whatever he does.



Not exactly $4 billions, but my lad is not complaining.



 

[Barry]

Eric Yuan, the founder and CEO of Zoom, has made nearly $4 billion in 3 months as usage of his video conferencing software skyrockets amid the coronavirus pandemic.

[Bright Young Thing]

I just thought of motor car insurance companies. They will have a couple of months premiums where there are virtually no claims due to reduced traffic. Their profits should rocket this year.

This should mean we can all see premiums reduce by 10% next year.  :fpigs:

Yeah I totally think that will happen  :roll:  :roll:



Also we are all insuring cars right now that are barely being used, if ever. For anyone that has a car in a secure place, surely the premiums should be paused? Doesn't really bother me as my annual premium is only a couple of hundred quid but my daughter, as a new driver, is paying £90+ a month for the privilege of having her car stood empty  :cry:

[Barry]

I just thought of motor car insurance companies. They will have a couple of months premiums where there are virtually no claims due to reduced traffic. Their profits should rocket this year.

This should mean we can all see premiums reduce by 10% next year.  :fpigs:

[Borchester]

When all this is over we will probably have about 20,000 less people who are at the most costly end of NHS spending.

This could save the NHS a lot of money, especially considering that the current COVID19 budget head has no limit.

20,000 state pensions at £8,000 p.a. = £160 million per annum + healthcare costs. Over 10 years 1.6 billion ++



The young and fit will recover the country, economically.

Norman Macrae (1923 - 2010) the economist, journalist, broadcaster and pretty near everything else, once wrote a article upon the death of his daughter. The gist of it was why her and not me, but there were some sums among the heartbreak with the one that stuck in my mind being that half of our contributions in the last six months of out lives.



I am very loath to die and when my time comes will go kicking and screaming, but hopefully it will save my children a few bob.

[Barry]

It isn't only killing the old and decrepit.

No it isn't. Mostly, it is, though.

[papasmurf]

The young and fit will recover the country, economically.

It isn't only killing the old and decrepit.

[Barry]

When all this is over we will probably have about 20,000 less people who are at the most costly end of NHS spending.

This could save the NHS a lot of money, especially considering that the current COVID19 budget head has no limit.

20,000 state pensions at £8,000 p.a. = £160 million per annum + healthcare costs. Over 10 years 1.6 billion ++



The young and fit will recover the country, economically.

[patman post]

I hope Tim Martin is jailed, as he is now breaking the law.



Edited to add, I have just checked the nearest Wetherspoons to me is closed until further notice.

I think they all are as from Friday night — it's just that mouthy Tim loves his own pronouncements...