Notes from the Zombie Apocalypse: Now That We’re Afraid of Cardboard, How Many Small Businesses Will Fail?
Late yesterday, my state of Illinois joined New York and California in COVID-19 jail. There’s a 9 page executive order from Governor JB, EO2020–10. The order describes what we can and cannot do. It doesn’t sound like enforcement will be draconian. They’re relying on us to be good citizens of Illinois, the same people who panic shopped the stores of more than toilet paper.
Under EO2020–10, we can go to the store and make and receive deliveries. We can order out a pizza and worry that COVID-19 lasts longer on the box than the cheese lasts on top of the pizza.
I remain in self-imposed exile because of my 88-year old cancer patient dad but as it turns out, as a financial industry worker, I’m an essential employee in an essential industry, and therefore, exempt from EO2020–10 should I wish to go to and from work. I don’t. I’m working from home and I’m lucky because I can.
However, work was stalled yesterday and not because of my quirky monitor or my cat. The fed wiring system shut down yesterday. Note the little yellow warning symbol and the red x below.
That meant no one could wire funds, making large transactions, like real estate closings, impossible. Good funds rules require monetary…
