A total of 93 confirmed coronavirus patients have been released from hospitals in Suffolk as County Executive Steve Bellone (D) said they have been cleared to go home. Meanwhile, however, Suffolk is trying to meet the hard task of staying ahead in the number of beds available before the number of hospitalized COVID-19 patients reaches its apex.
Bellone said there are 648 hospital beds and 43 Intensive Care Unit beds available, and Gregson Pigott, Suffolk County’s health commissioner, said those were spread out among hospitals, though even still he admitted, “that’s not a lot of beds.”
As counties all across New York fight to stay ahead of the number of patients, all have seen a significant lack of personal protective equipment, including gloves, masks and gowns. Ventilators, which can be lifesaving to critically ill patients, have also been in extreme short supply. Stony Brook University Hospital, for instance, has been looking to detail plans and designs that could put two patients on a single ventilator at a time.
Gov. Andrew Cuomo said Friday morning he would be signing an executive order allowing the National Guard to go to facilities that are not currently using equipment like ventilators and bring them to places that need them.
“I understand they don’t want to give up their ventilators … the theory is if the government gets them they will never get that back, I understand that, but I don’t have an option,” Cuomo said.
In that same press conference, the governor named several locations as COVID-19 “hotspots,” which included Stony Brook University Hospital.
Cuomo added the city could start running out of ventilators by next week.
While Suffolk County has exhausted “all” its PPE equipment for health care facilities and has hosted equipment donation drives, Bellone said they have increasingly called on companies who were interested to retool any kind of production for purpose of making medical equipment. The first of these companies, Hauppauge-based 71 Visuals, a sign making company, has retooled its facility to making face shields for health care workers. So far the county has purchased 25,000 of said face shields.
“When we can have local manufacturers, we can purchase which can be utilized in this fight to save lives,” Bellone said.
The county executive has called on any other company who is considering retooling their operations to reach out to them, saying those businesses will be worked with and compensated for their efforts.
The number of deaths due to the coronavirus continues to rise. There are now 10,149 confirmed cases, according to the county’s data tracking website. This past day saw nine new deaths, bringing the total fatalities in Suffolk to 93.
Yesterday, The New York Times reported the navy ship USNS Comfort, which is docked inside New York Harbor, is not accepting coronavirus patients, instead being used as a place for overflow, non-COVID related patients. The vast majority of its 1,000 beds are currently unused, especially since non-coronavirus related sickness and injuries has severely decreased thanks to current stay-at-home orders.
Bellone criticized the fact the ship was not being used to field the flood of new daily coronavirus patients.
“Patients need to go where there is space available to help save lives,” Bellone said.
Bob Strong, right, with his grandchildren Brittany and RJ. Photo from Robyn Strong
Former Port Jefferson mayor and longtime active member of the Port Jeff community Bob Strong passed March 15 after complications from lung cancer. He was 83 and died in the community he knew and loved.
Robert Strong with his two children, Robyn and Robert Jr. Photo from Robyn Strong
Strong was mayor for four years from 1995 to 1999, having been a trustee for four years prior to that. Though his stint as village head was relatively short, Strong would have long and lasting impacts on the village, namely his early help incorporating the easternmost part of the village, his creation of the Business Improvement District and him buying the property that would eventually become Harborfront Park.
Strong was born June 16, 1936, in New York City, the son of Joseph A. and Pauline R. (Manger) Strong. He would attend SUNY Oswego and graduate in 1958. He was a member of the Beta Tau Epsilon fraternity, where he would meet his wife of nearly 50 years, Evelyn Ann (Repasky) Strong. They would have two children, Robyn and Robert Jr.
People who knew them said the two were inseparable, and it was very rare to see one without the other standing by their side. Evelyn passed away in June 2006.
Robyn Strong said her father was very gregarious, always there for local parties or events.
The couple moved to the Port Jefferson in 1968, where the family quickly ingratiated itself into the community. Though the area was not yet in the Village of Port Jefferson, Strong quickly became known as a leading voice for incorporation.
About 90 acres on the eastern end of the village was, until the late 1970s, still not a part of the village. Advocates for integration looked to change that. Unlike the village’s original incorporation in 1963, which was formed out of a desire for home rule, this new incorporation came together through a desire for united identity, according to Larry Britt, a former trustee of 11 years who worked alongside Strong once he later became mayor.
“There was the same school district — all their kids went to school with our kids — and it was a big section of the village that was left out,” he said.
Harold Sheprow, a former Port Jefferson mayor from 1977 to 1985 and again from 1987 to 1991, soon became fast friends, especially because of their shared advocacy to see the village extended out to Crystal Brook Hollow Road. Strong would spend his efforts knocking on doors, advertising for integration and discussing the prospect in meetings.
Robert Strong was a mayor for 4 years, but had a lasting impact. Photo from Robyn Strong
“It was a big benefit to Port Jefferson,” Sheprow said.
The village’s longest serving mayor of 12 years would appoint Strong to the Zoning Board of Appeals. Working up from trustee to deputy mayor to mayor, Strong would work on several major projects, two of which are most felt by village residents today, namely purchasing the land near the harbor that would later become Harborfront Park and the creation of the BID.
Back in time, what is now parkland was filled with oil terminals, with the last owned by Mobil, which merged with Exxon in 1999 to become ExxonMobil. Sheprow said he had worked on that project for years, but Strong was the man to finally get it done, having gained financial help from New York State Sen. Ken LaValle (R-Port Jefferson). Sheprow said the agreement also forced Mobil to clean up any contamination in the ground, which would help set the stage for what came next.
Britt, who as trustee worked alongside Strong on the project, said the actions he and the board took involved participation from both local government and residents.
“It was a big focus of what we did,” he said. “I think the fact we had great resident participation was a big part of why it went through.”
The mayor to take up the job after Strong was Jeanne Garant, who would help transform the area into the rolling passive park residents and visitors enjoy today.
Caroline Savino, a former village clerk who would work under five separate mayors, said Strong and other past mayors were looking for ways to have the businesses themselves chip in for the betterment of other village storefronts.
Britt said the creation of the BID has done much for the village, especially as seen in its current incarnation. Lately, BID members have been working with the Greater Port Jefferson Chamber of Commerce to get meals from restaurants to hospital workers.
“Who could have looked into the future and see what it is today?” Britt said.
Otherwise, those who worked for Strong in an official capacity knew he could be just as kind in and out of the office.
“Bob was a real gentleman easy to work for — really dedicated to the village,” Savino said.
Not only did she work for him, but she and Strong were also neighbors, where she said they had originally become friends. Despite him becoming mayor, she said it wasn’t hard to work for him, as he was always so courteous. Even after she retired and moved to North Carolina, Strong wouldn’t hesitate to call her and catch up on things.
Strong was also described as religious, having been a principal of the Infant Jesus R.C. Church religious school for two years. Sheprow said Strong never missed a Mass.
When not traipsing around the village, Strong was a middle school social studies educator in the South Country Central School District. He joined the district in 1958 and remained a teacher until 1966 when he became an assistant principal at the middle school. He became chairman of the social studies department, a position he held from 1972 until 1991. Strong was also a student council adviser
Robert Strong was a mayor for 4 years, but had a lasting impact. Photo from Robyn Strong15
Steve Willner, a fellow teacher in the South Country school district knew Strong well, having worked with him for eight years, becoming friends with him in much the same way others have, thanks to his personable attitude.
“He was really highly regarded in the school by both students and faculty members as [someone who was as] professional and personable as possible,” Willner said.
Friends who knew Strong all mentioned his love of history, both world and U.S., and his ability to talk about current events. Britt remembered having plenty of discussions on politics and world issues.
When one was friends with Strong, they knew it well. Willner said he would invite the man to his son’s wedding and daughter’s bar mitzvah. Even when Willner moved to Florida after retirement, Strong and he would still keep in touch, communicating together up until the time of his death.
When Strong’s wife Evelyn passed in 2006, friends said the former mayor took it hard.
“He and his wife were very joined together at the hip and never went anywhere without each other,” said Sheprow. “They were very much attached to each other — he never got over when she passed.”
Still people who knew him talked of how he would continue to call them or meet up, whether they were in the area or lived several states away. Robyn said her father and mother were both heavy travelers, having visited all 50 states and all continents, save Asia and Africa.
Robyn said her father was diagnosed with lung cancer 14 months before his death in March, but that he “was a fighter to the very end.”
Because of the ongoing crisis, the family will not be holding any services at this point, though they are currently developing plans for a memorial in early summer.
Stony Brook Trauma Center staff member Colby Rowe and Wang Center Building Manager Scott LaMarsh accept donations for the COVID-19 Donation Center. Photo from SBU
Local businesses throughout Long Island have been hit hard because of the ongoing coronavirus pandemic, but it also has brought them closer together. These uncertain times have bred creative and unique ideas in an effort to keep these storefronts afloat.
Renee Goldfarb of Origin of Era in Port Jefferson hosts daily livestreams demonstrating an item in her stock during the ongoing crisis. Image from Facebook
For Renee Goldfarb, owner of Origin of Era boutique in Port Jefferson, it meant finding ways to further connect with clients and new customers despite them not being able to come into the store.
“There’s not the heavy foot traffic we are used to seeing, so instead of just sitting in an empty store why not continue to interact with customers online?” she said.
Goldfarb started what she calls a “virtual shopping experience” where she showcases and models different pieces of clothing from a number of indie and female designers. In these half-hour livestreams, she said it allows customers to get that familiar experience of seeing products in real time and decide what they like.
“I’m very hands on; I want them to see how these pieces look on a normal human being, not just a store mannequin,” the boutique owner said. “The viewers also leave comments and it gives me the chance to talk to them and answer their questions.”
Goldfarb currently produces weekly videos on Instagram Live and Facebook. She said she has already sold a few items from her store and is getting good feedback from customers on the videos.
“The business community in Port Jeff is really trying to support one another,” she said.
Though times have been trying, it has not stopped local shops from supporting those who arguably need it the most.
Similarly, the Port Jefferson Business Improvement District is conducting a restaurant delivery program that will send meals to St. Charles and Mather hospitals for the medical staff, to thank them for their service during the ongoing pandemic. The Greater Port Jeff Chamber of Commerce is also assisting in the effort.
Theresa Skogen, liaison for the Port Jeff BID and the chamber, said they already started to drop off meals at the hospitals earlier last week.
“We started last Saturday — it’s been a good way to revitalize some of the businesses that had to shut down and it keeps them busy during their slower days,” she said.
James Luciano, owner of the Port Jeff Lobster House and BID secretary, said the BID is donating up to 40 meals at a time to the hospitals on a rotating basis.
“Any restaurant that is in the Greater Port Jeff area can participate,” he said. “The BID will pay them a flat fee of $500 for 40 meals. We pick up the meals and deliver them to the hospitals for free.”
Luciano said they hope to continue delivering meals every day to the local hospitals.
In addition, the Port Jeff chamber has set up a GoFundMe page to raise funds to help Port Jeff restaurants feed hospital workers at St. Charles and John T. Mather hospitals. GreaterPortJeff.com is sponsoring fundraising efforts for the restaurants involved and the campaign will also help local restaurants. As of today, close to $4,000 has been raised.
“We wanted to make sure we could provide that service, and be able to employ local personnel.”
-James Luciano
In an effort to further help Port Jeff businesses, the Village of Port Jefferson has created a website page titled Open Today. The page contains a list of over 30 restaurants and other businesses. The BID is also sponsoring a free delivery servicefrom 12 to 8 p.m. daily.
Luciano said they wanted to have a centralized delivery system in the village during this time and at the same time have this option available to customers.
“We wanted to make sure we could provide that service, and be able to employ local personnel,” he said.
For some entrepreneurs, making sure customers know that they are still present is just as important, despite seeing a dip in business.
Gabriela Schwender, of Long Island Crafty Ones, a mobile and traveling workshop based in Rocky Point, said a lot of business plans have had to be canceled due to the pandemic. Her craft workshops cater to face-to-face interactions with her clients.
In the meantime, she has been livestreaming craft workshops on the business’ Facebook page. While she can’t provide art materials like she usually does, Schwender said she has turned to finding common household objects that can make for fun craft projects.
“Usually when I do these workshops, I’m right there to help them or guide them,” she said. “Right now, I’m answering questions through text.”
Schwender said a number of viewers have already reached out to her saying that they would like to hire her once the pandemic/shutdown is over.
Gary Pollakusky, executive director of the Rocky Point Sound Beach Chamber of Commerce, said small businesses are going through a difficult time right now, adding the chamber has reached out to all its members in an effort to assist them in any way they can, including giving each other ideas and advice.
The organization has come up with its own page titled Shop Locally, Distance Socially, which can be found on its website (www.rpsbchamber.org) where it lists a number of restaurants, retail stores and other businesses that are still open and taking online orders. The chamber is also encouraging residents to order a gift card for now, to shop with once life returns to normal.
“These small businesses and mom-and-pop shops need the support of the public more than ever before,” he said.
From left, Daniela Galvez-Cepeda, Jovanna Fusco, and Derek Order present to the Comsewogue school board about moving forward after the passing of former superintendent Dr. Joe Rella. Photo by Andrew Harris
By Daniela Galvez-Cepeda
Imagine one person tapping another, and then this person tapping another, and this one in turn tapping another, and so on. The number of people tapped increases by 1 after every person. Now imagine one initial person tapping two other people, and then those two people tapping two others each, and so on. In this case, the number of people tapped multiplied by 2 after each pass.
Melissa Levine appeals to administrators, board members, students and the whole community about taking Dr. Joe Rella’s message of love to a whole new level and exponentially paying it forward. Photo by Andrew Harris
This is exactly the difference between linear and exponential growth, the former involving only one more person every time, while the latter doubling the number of people every time. Exponential growth is, thus, more powerful, and it is especially relevant when finding ways to connect with your community. At Comsewogue High School, students light torches of optimism in an exponential way during these times of uncertainty.
Right before schools were shut down, Comsewogue students, including myself, showed up at the board meeting March 2. We usually do that. This time, however, we took a little departure from our regular presentation about the latest news from our high school. We wanted to show our appreciation for Dr. Joseph Rella, the former superintendent of the Comsewogue School District who passed away Feb. 21.
I started our presentation. I did a hands-on activity involving all the people in attendance, asking one person to start a “tap one person” chain (that is, in a linear growth manner) and then a “tap two people” chain (that is, in an exponential growth manner). The exercise was very illustrative. People understood that information and values can be spread out much faster exponentially, rather than linearly. And this is exactly what Dr. Rella always showed — he spread so much caring and selflessness in exponential ways. We are now bound to broaden his legacy.
We wanted this meeting to be optimistic. It was our purpose to communicate to our administrators, our community and perhaps most importantly the younger students that we need to not only keep what Dr. Rella started for ourselves, but also pass it on and make it multiply and continue to radiate throughout our district. The tapping exercise was just an illustration, the framework to understand what we students have been doing following Dr. Rella’s teachings.
Excelling in Academics and Sports
Comsewogue senior Derek Order recognized the academic achievements of the senior class and introduced me as the valedictorian of the class of 2020 — an honor I carry humbly. Many students in the district not only perform at high levels academically but also devote so much of their time, energy and focus on volunteer activities in our community. For example, Derek and I go on activities with the Athletics for All group of students with disabilities.
Students rally together with a “let’s bring it together team” to help inspire the community. Photo by Andrew Harris
“Through Athletes Helping Athletes, I travel with these outstanding high school students helping out special athletes every month,” said Nicole Kidd, the Comsewogue teacher in charge of the athletes. “We have students from all types of sports encouraging our differently capable students to excel.”
“It seems like this kindness is something woven into our programs around here,” commented Matt DeVincenzo, the Comsewogue athletic director.
Furthermore, senior Jovanna Fusco celebrated the achievements that Comsewogue athletes had this 2020. A rousing round of applause went to senior Jake Vecchio, a Comsewogue swimmer who dedicates a large amount of his time off practice to help others. Vecchio not only placed at the state finals in swimming but won the coveted Section XI Good Sportsmanship Award.
“In addition to grinding out hours of practice daily, many of our athletes participate in different types of community service activities,” DeVincenzo said.
Arts
Then, junior Sarah Thomas invited everyone to the upcoming music and drama events while highlighting the importance of the arts in our community. Through the school’s productions of different plays and musicals, Comsewogue students express the idea of unity.
Both the music and drama departments in the high school have flourished because of the dedication presented here in our district. It is our steadfast belief that these students will continue to inspire empathy in the world with their voices and unmatchable talent. Along with the creativity culminating in their brilliant minds, the music in their hearts sits restlessly, just waiting to be passed forward exponentially.
Take Away
Finally, junior Melissa Levine wrapped the meeting up with a reflection about Comsewogue’s outstanding resilience — a colossal example of exponential growth. From the classroom to our neighborhoods, Comsewogue has always shown adaptability and strength, even in the most difficult times.
There is no denying that Dr. Rella ignited the torch that lit the path for success for all of our students. Because of him, Comsewogue has athletes being awarded scholarships and earning spots to compete in All County events, brilliant academic minds leaving the community ready to take on the greatest challenges, and talented performers who were taught to fall in love with the music of life again and again.
As an echo to the tapping activity, Melissa then encouraged everyone there, administrators, board members, parents, staff members and the whole community, to share the love Dr. Rella had for us, to pass it forward.
“One torch can show us the way, but an army of them can be a beacon in the night,” said Levine.
Dr. Rella taught us to take action, to grow the love, to pass optimism forward. Whether we are students, teachers, workers or stay-at-home parents, we are all connected in the same community and we are all responsible for making everybody in our district better. And we have to do it exponentially, so we can see it grow efficiently for all the members of the Comsewogue family. Let’s do it together.
Daniela Galvez-Cepeda is a senior at Comsewogue High School.
Suffolk County has been managing to keep the number of beds available above the rate of hospitalizations due to the coronavirus pandemic, though cases continue to climb.
In his daily call with reporters April 2, County Executive Steve Bellone (D) said the number of cases in Suffolk County has breached 8,927, climbing well over 1,000 by yesterday’s count. This has been attributed to the greater amount of testing being done, with over 21,000 being completed to date in Suffolk alone.
Meanwhile, the county has been trying to meet Gov. Andrew Cuomo’s (D) executive order to increase the number of available hospital beds by at least 50 percent, with the goal of reaching 100 percent increase. Bellone said Suffolk has increased its count of hospital beds to 2,831 beds countywide, with 438 Intensive Care Unit beds also available for the most severe cases. Currently, 472 hospital beds and 64 are vacant and available.
This is also while Cuomo said in this morning’s briefing he is becoming even more concerned with the limited number of ventilators for use during the crisis, now being down to about 2,200.
Healthcare workers on the front lines have struggled to deal with the number of cases now coming into hospitals. Bellone said the surge is still building, but the voices of health care workers are being heard.
“They’re operating in an incredibly difficult, stressful traumatic environment in which they are working overtime, double shifts, day after day after day, in a struggle to save peoples’ lives” Bellone said. “It is emotional, it is stressful and it is extraordinarily difficult.”
The number of deaths increased by 15 from the previous day. All had underlying health conditions. This includes eight individuals in their 80s, four in their 70s, and one in their 40s and 50s. One individual in his 60s died while in mandatory isolation at a local nursing home.
Currently, there are 1,323 cases in Brookhaven, 435 in Smithtown and 1,390 in Huntington townships. While close to 9,000 total cases are growing in Suffolk, New York State currently totals at more than 92,000.
The economic impact has also been felt far and wide, and Bellone said he is continuing to build out what the county can internally do to help businesses separately from the federal government’s response. So far, the county has been keeping a survey of businesses through their recently created Business Response Unit, and as of March 31, there were over 1,200 responses to said survey from businesses that employ more than 13,000 individuals, with over 7,000 responding they had lost their jobs or employment. The overall New York number, however, is much more staggering, with approximately 6.6 million filing for unemployment, a number not seen since the 1981 recession.
“Particularly our downtowns are facing tremendous hardships, and we will need a targeted effort there,” Bellone said.
He added while some businesses have maintained some employees, “without assistance, they will not be able to keep that up much longer.”
The County Executive said he has spoken with financial institutions, who will be handling the disbursement of loans via the CARES Act, the federal financial assistance bill that promises loans to businesses to help keep people employed. The rollout of that has not been foolproof, however, with the federal Small Business Administration telling business owners they would need to reapply for their loans at https://covid19relief.sba.gov/#/
Anybody who previously applied via email, fax or snail mail will have to reapply.
Bellone said any difficulties that said financial institutions may have must be overcome if the region is to see any kind of recovery by the time the crisis begins to ebb.
“The public wasn’t expecting this, we weren’t expecting this, but we have to deal with it,” he said. “We were on call with financial institutions and continue to convene with them.”
Port Jefferson Village Hall. File photo by Heidi Sutton
Despite the ongoing pandemic, Port Jefferson village is still moving ahead with its budget agenda, this year seeing a revenue decrease thanks in part to the LIPA settlement reducing the assessed value of the Port Jefferson Power Station.
The Port Jefferson village board held a budget hearing over the Internet, even including a live rendition of the national anthem by Port Jefferson student Nicholas Rodriguez, who played Oliver during the annual Charles Dickens Festival.
However, the new format did not allow for any public comment. This was in accordance with New York Gov. Andrew Cuomo’s (D) executive order suspending portions of the public meeting law due to the coronavirus crisis.
The proposed 2020-21 budget includes $9,992,565 in total appropriations, a 3.19 percent decrease from last year’s amount of $10,310,869. This takes into account a 3.5 percent Increase in the tax rate, a $111,088 decrease in assessed value of the Port Jefferson Power Station, as well as a $145,000 decrease in ambulance charges since that is now handled by the Town of Brookhaven.
“Cutting our budget by over $300,000 was not an easy task,” said Mayor Margot Garant. “In cutting that budget we were effective in consolidating some departments.”
One of the changes she referenced was moving one clerk typist into the position of a retiring typist, at a lower salary, without replacing the original with a new employee.
As regards other village employees, the village assessor, who was on an hourly rate, has become salaried at $30,000, resulting in an increase of $26,019 from what he was getting paid this last year.
The board is also hiring a full-time internal deputy village attorney as a prosecutor, for a total expense to the village of $102,000. Garant said the board agreed this was needed to help prosecute offenses more effectively, also bringing in more revenue for the courts.
“We were just not getting any real effect as a board,” the mayor said. “We collectively agreed bringing on a staff full time will have more direction over individuals.
Village attorney Brian Egan said this will aid in prosecutions of village code infractions. He added that New York State’s new discovery laws, which require municipalities to present all evidence to the defense within a short time after being charged with a crime, have been difficult on small entities like Port Jeff. The new prosecutor will be in charge of handling that side of things.
“This is to really put an emphasis on our code enforcement to go out and aggressively prosecute code enforcement violations,” Egan said. “Having a full-time deputy village attorney … will benefit [the village] all the time.”
This year, the village is looking to raise $6,451,427 from taxes, a near $50,000 increase from last year.
“Because our LIPA assessment is frozen at a settlement … the assessed value shifts from the power plant to the shoulders of our residents,” Garant said.
In terms of capital projects, there are several on the horizon for the upcoming fiscal year, including building the $795,069 parking lot on Barnum Avenue. There are also plans to renovate the Highlands Boulevard retaining wall in the next two to three months using funds from the Dormitory Authority of the State of New York gained through state Sen. Ken LaValle (R-Port Jefferson). Additionally, the village has gained Suffolk County grants to renovate the bathrooms by Rocketship Park and in the lower floor of Village Hall, to fix lingering issues, make them Americans with Disabilities Act compliant and heat the outside bathrooms so they can be used in the winter. Additionally, an $80,000 drainage project on Longfellow Drive is expected to start this year.
The village has also recently received permits from the New York State Department of Environmental Conservation for securing the bluff on East Beach, which has been rapidly eroding over the past several years. The mayor had expected they would need to take out a small bond for that project. Another bonded project will most likely be the digitization of village records at both the building and planning department and the clerk’s department. Such a project may cost upward of $200,000.
One of the most trying aspects of COVID-19 is the financial turmoil it has brought on both national and local business sectors. Financial adviser Michael Christodoulou of Edward Jones Investments in Stony Brook answered some commonly asked questions about how to secure investments and resources for small businesses, and the types of financial assistance offered through the recent stimulus package.
Q: What is your advice for people, especially those that are retired or nearing retirement, regarding their stocks and 401(k) plans?
A: For one thing, ask yourself this: When do you really need the money from your investment accounts, such as your IRA and your 401(k) or similar employer-sponsored plan? These are retirement accounts, so, depending on your age, you may not need to tap into them for 20, 30 or even 40 years. If so, your losses may be “paper” ones only for now and aren’t subjecting you to imminent financial jeopardy. This isn’t to minimize the effect this downturn will have on you, of course — it always takes time to recover lost ground, and there are no guarantees with investing. However, although past performance does not guarantee future results, it is useful to note that, over its long history, the U.S. stock market has typically trended in one direction — up — despite serious and sometimes lengthy declines such as we saw in the Great Depression and, to a lesser extent, the bursting of the dot.com bubble of the early 2000s and the financial crisis of 2008-09.
Nonetheless, you may have shorter-term goals — a wedding, down payment on a home, overseas trip, etc. — for which you need to save. For these goals, though, you wouldn’t want to touch your IRA or 401(k), anyway, as you’d likely face taxes and penalties. Instead, you’ll want your money invested in liquid, low-risk accounts that will be minimally affected, if at all, by declines in the financial markets. These vehicles might include Certificates of Deposit (CDs), money market accounts and even good old-fashioned U.S. savings bonds, all of which offer the protection of principal and can pay higher rates than traditional bank savings accounts.
Q: Should people stop contributing to retirement during this time?
A: Every investor has a different time horizon and risk tolerance. Depending on their time horizon and risk tolerance there may be a number of different recommendations.
For example, if a client has a longer-time horizon until retirement it may make sense to continue investing periodically in their retirement plan. But for someone who is looking to retire relatively soon, they might want to stop contributions or start saving those assets in low-risk accounts.
I highly recommend they work with their financial adviser in order to have a personalized strategy designed based on their goals for retirement.
Q: How would you advise small businesses go about applying for governmental assistance, especially through the federal stimulus bill?
A: Small businesses should work with their tax professionals/CPA and financial adviser in order to review their individual situation. I recommend they start by logging onto www.sba.gov/disaster. During this time, they should also be very cautious about scams.
Q: The economic effects of this virus are already enormous, and will get exponentially worse. How do you think people can financially cope if this crisis continues?
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) offers help for investors and small businesses. As we go through the coronavirus crisis, we are all, first and foremost, concerned about the health of our loved ones and communities. But the economic implications of the virus have also weighed heavily on our minds. However, if you’re an investor or a business owner, you just got some help from Washington, and it could make a big difference, at least in the short term, for your financial future. Specifically, the passage of the $2 trillion CARES Act offers, among other provisions, the following:
Expanded unemployment benefits: The CARES Act provides $250 billion for extended unemployment insurance, expands eligibility and provides workers with an additional $600 per week for four months, in addition to what state programs pay. The package will also cover the self-employed, independent contractors and “gig economy” workers. Obviously, if your employment has been affected, these benefits can be a lifeline. Furthermore, the benefits could help you avoid liquidating some long-term investments you’ve earmarked for retirement just to meet your daily cash flow needs.
Direct payments: Individuals will receive a one-time payment of up to $1,200, although this amount is reduced for incomes over $75,000 and eliminated altogether at $99,000. Joint filers will receive up to $2,400, which will be reduced for incomes over $150,000 and eliminated at $198,000 for joint filers with no children. Plus, taxpayers with children will receive an extra $500 for each dependent child under the age of 17. If you don’t need this money for an immediate need, you might consider putting it into a low-risk, liquid account as part of an emergency fund.
No penalty on early withdrawals: Typically, you’d have to pay a 10 percent penalty on early withdrawals from IRAs, 401(k)s and similar retirement accounts. Under the CARES Act, this penalty will be waived for individuals who qualify for COVID-19 relief and/or in plans that allow COVID-19 distributions. Withdrawals will still be taxable, but the taxes can be spread out over three years. Still, you might want to avoid taking early withdrawals, as you’ll want to keep your retirement accounts intact as long as possible.
Suspension of required withdrawals: Once you turn 72, you’ll be required to take withdrawals from your traditional IRA and 401(k). The CARES Act waives these required minimum distributions for 2020. If you’re in this age group, but you don’t need the money, you can let your retirement accounts continue growing on a tax-deferred basis.
Increase of retirement plan loan limit: Retirement plan investors who qualify for COVID-19 relief can now borrow up to $100,000 from their accounts, up from $50,000, provided their plan allows loans. We recommend that you explore other options, such as the direct payments, to bridge the gap on current expenses and if you choose to take a plan loan work with your financial adviser to develop strategies to pay back these funds over time to reduce any long-term impact to your retirement goals.
Small business loans: The CARES Act provides $349 billion to help small businesses — those with fewer than 500 employees — retain workers and avoid closing up shop. A significant part of this small business relief is the Paycheck Protection Program. This initiative provides federally guaranteed loans to small businesses who maintain payroll during this emergency. Significantly, these loans may be forgiven if borrowers use the loans for payroll and other essential business expenses, such as mortgage interest, rent and utilities, and maintain their payroll during the crisis. Please visit sba.gov/disaster for more information.
We’ll be in a challenging economic environment for some time, but the CARES Act should give us a positive jolt — and brighten our outlook.
Q: Do you have any information on how residents will know the exact number on their stimulus check for those above the $75,000 income threshold?
A: I would advise individuals to contact their tax professional/CPA. They will be able to give more accurate guidance based on their clients’ taxable situation and possible qualifications for the CARES Act direct payment program.
Q: What is your advice for those that have recently lost jobs and need to prioritize their loans? How can people cut back, and are there any specific loans that should be paid over others?
A: In the unfortunate event that you or a family member loses your job there are some easy steps to follow to help you better prepare yourself for this event. The federal government has taken a big step in protecting renters by issuing a 120-day moratorium on evictions from federally subsidized housing and property with federally backed mortgage loans. Some states have barred evictions for a few weeks. Please check with your landlord and or mortgage company.
Q: With stocks dipping, is now a good time to buy?
A: Before investing we recommend that investors understand their time horizon with the asset they are thinking about investing. What will that money be used for in the future? At what point in the future will you need the money?
For investors with a long-term outlook and time horizon, we remain confident that a rebound will take shape. It may take a while longer to materialize, but we think it will be robust and fueled by a return of confidence in the post-virus outlook. Long-term investors don’t need to capitalize on the pullback all at once but should consider opportunities to benefit from this decline. Consider:
Rebalancing: Trimming overweight allocations and filling gaps in underrepresented asset classes and sectors.
Systematic investing: Taking advantage of the ongoing volatility by systematically investing at regular intervals, reducing the “timing” aspect as the selloff plays out.
Look for good buying opportunities, because they are certainly out there. A well-managed company with a solid business plan that produces quality products and services is going to be that same company after the coronavirus and oil price panics subside and, right now, that company’s stock shares may literally be “on sale.”
We recommend you consult with a financial adviser in order to make sure you completely understand your level of risk and time horizon.
Q: Do you have any recommendations for a set amount people should have in savings in case of an emergency? What is the best way to do so?
A: I believe everyone should have an emergency fund. Unfortunately, there isn’t a universal dollar amount that applies for everyone.
If you don’t already have an emergency fund, take these first steps to prepare:
Detail your current financial situation including your income, expenses, assets and debts and any money previously set aside for unexpected expenses.
Create a detailed budget in order to figure out what your monthly and annual living expenses add up to.
Consider saving between three and six months of living expenses if you are still working; 12 months or more if you are retired.
This is just a starting point. Depending on your age, your list may look considerably different. Your financial adviser can help you put together your cash flow analysis related to your financial goals and help you calculate how much cash you may need for your next unexpected event.
Q: How do you think people should go about negotiating with credit card companies and banks if they need relief?
A: If someone is facing some financial hardship, they should contact their credit card company or bank directly. In most cases these companies can provide guidance and options so the individual understands their options and can make a decision based on all the information provided to them.
Dr. Bettina Fries and her neighbor Agjah Libohova holding new face shields that will soon be put into the PPE pipeline at Stony Brook Medicine and many metro area hospitals. Photo from SBU
By Kyle Barr and David Luces
In other years, the first day of April dawning would have been a time for celebration and maybe a few pranks. This year, during the coronavirus crisis, not many were up for such jubilation.
In a daily call with reporters, Suffolk County Executive Steve Bellone (D) said as of today there were now 69 individual deaths from COVID-19 in Suffolk County. 25 of those individuals died in the past 48 hours and 16 in the past day. The vast majority of deaths were of people who had underlying medical issues.
“We are going to get through this but it is going to get worse before it gets better,” said County Executive Steve Bellone. “We all have the power to make this better by practicing social distancing. If you feel sick stay home.” The total for all of New York was even more staggering, with Gov. Andrew Cuomo (D) announcing the morning of April 1 nearly 400 people have died in New York State in the span of 24 hours.
Cuomo compared it to the movie “Groundhog Day,” where the main character keeps experiences the same day over and over.
“When does it end? how does it end? I don’t know,” he said during his morning press briefing.
In Suffolk, the current number of people confirmed with the virus is 7,605. Currently over 25,000 have been tested, including 5,400 from the Stony Brook site in the South P lot as of Wednesday morning, Bellone said.
The County Executive also emphasized the 2020 Census, saying as we’re in the midst of this battle, we need to recognize the economic human service impacts.
“If we don’t do what we need to do we will be experiencing shortfalls in aid for the next 10 years,” Bellone said. “We have to make sure we’re getting those census documents filled out.”
The county executive added Child Protective Services continues to do house visits and they have done as many interviews as they can telephonically.
“The government does not close — we are here to deal with crises,” he said. “CPS is one of those they are continuing to operate.”
Stony Brook University Begins Drug Trials to Combat Coronavirus
In a COVID-19 briefing update, Stony Brook Medicine officials said that the hospital has begun a number of clinical trials designed to identify effective therapies for critically ill patients.
Remdesivir, an antiviral drug developed to treat two other RNA viruses, Ebola and Marburg, has been administered to two patients with severe coronavirus. The clinical trials on the drug are led by Dr. Sharon Nachman, chief of the Division of Pediatric Infectious Diseases at Stony Brook Children’s Hospital. Officials said the drug has appeared to be effective in treating COVID-19 in both China and Washington State.
Doctors will also be involved in a Regeneron-sponsored clinical trial on Sarilumab (Kevzara), a monoclonal antibody which blocks binding of interleukin-6 to its receptor. Sarilumab is already FDA approved for the treatment of juvenile rheumatoid arthritis, and more recently for the cytokine storm that accompanies the use of CAR-T cells for acute leukemia. The first Regeneron patient was recruited on March 30.
Stony Brook Medicine will soon be launching a clinical trial of donated, post-convalescent plasma from COVID-19 patients “very soon,” based on the level of antibody titers to SARS-CoV2 in the donor plasma. Serum or plasma therapy for infectious diseases dates to the 1890s, when serum made from immunized animals provided the first effective treatment for Clostridium tetani and Corynebacterium diphtheriae.
In addition, SBU professor Lily Mujica-Parodi has been part of a national effort to employ a wearable technology device called Oura to collect sufficient physiological data, and use deep learning algorithms to predict the onset of SARS-CoV2 infection. This type of device would be most productive and predictive in hospitals where there is a large number of healthcare workers in high-risk-for-infection roles.
LI Company to Begin New Face Shield Production.
Clear-Vu Lighting, a Central Islip-based design company, will begin manufacturing an order of 20,000 new face shields that will be deployed to Stony Brook University Hospital. Mass production is expected to start by early April. Clear-Vu Lighting is gearing up with an expectation to produce 40,000 faceshields per day and approximately 1.2 million per month. Production of face shields to Stony Brook will include supplies for Stony Brook University Hospital and all affiliated hospitals on Long Island.
Preventing a Possible Shortage of Ventilators
Due to the projections of the COVID-19 pandemic, Stony Brook University Hospital is suggesting it may be required to use a single ventilator for up to two patients in case there is a shortage once the number of patients is at its peak. In a Stony Brook Medicine research laboratory, medical professionals are working on a solution to ventilating multiple patients with one ventilator. Putting two patients on one ventilator requires matching patients with similar characteristics, such as sex, height, age and lung sizes, to avoid one patient being over ventilated and the other being under ventilated.
Stony Brook said researchers and doctors are examining the forces that cause unequal distribution of lung volumes and airway pressures, while using complex test models of diseased lungs. With this research, doctors are able to vary airway resistance and compliance and mimic acute respiratory distress syndrome-like conditions, which allows to test the use of inline valves and resistance devices to solve these problems.
Addressing the Growing Need for Additional Staff
To address potential staff shortfalls, the medical school is preparing to allow graduating students to volunteer on the front lines of the epidemic while awaiting the eventual surge of patients.
The Renaissance School of Medicine at Stony Brook University is allowing senior medical students to graduate in early April so they can begin their professional career as a physician at Stony Brook University Hospital. They will be able to work under the supervision of residents, fellows and attending physicians to address the growing number and complexity of patients being admitted to our hospital, precipitated by the COVID-19 pandemic. The graduates would then proceed to begin their residencies July 1.
The Army Corps. of Engineers has awarded a $50 million contract to New York-based Turner Construction Company to begin building a hospital extension to handle the expected surge in hospital demand in the next few weeks amid the coronavirus pandemic.
With assistance from Suffolk County contractors and sub contractors, Turner will begin building the facility immediately and is expected to complete construction by April 18.
Stony Brook University Hospital and other area medical care facilities will use the hospital extension for patients who have come to the hospital for health care issues that don’t involve COVID-19, freeing up bed space in the main hospital and in other centers to treat patients with the virus.
The construction of the 1,000-bed facility is part of a Governor Andrew Cuomo’s (D) effort to double the number of hospital beds throughout the state within the next few weeks.
Construction on the hospital extension will start “right away,” said U.S. Rep. Lee Zeldin (R-NY1). The Army Corps. of Engineers has been “getting a running start on this project,” Zeldin said.
Zeldin was pleased that Anthony Ciorra, a senior program manager for the Army Corps. of Engineers, would be working closely on the project.
Ciorra is someone Zeldin has “interacted with very frequently, ” he said, adding the man is “intimately familiar with the First Congressional District. He has been a great resource throughout the years” and is able to cut through the red tape and get the job done.
Ciorra will be working under Col. Thomas Asbery, who is the commander for the New York District.
“Both of them have played an instrumental role in getting this to the point where it’s at right now,” Zeldin said.
The congressman said he expected local companies to contribute to the new construction.
“It would very much be my hope and expectation that Turner would be utilizing local businesses for supplies and labor to complete this project,” he said.
Separately, Stony Brook University said Batelle has added its Critical Care Decontamination System, which will allow the university to reuse N95 masks, among other personal protective equipment. The Batelle system will start decontaminating up to 80,000 masks per day by the end of this week. Before decontaminating the masks, people will inspect them to make sure masks with rips, tears, makeup, or other fluids don’t go through the process.
The Riverhead testing facility is located at 1149 Old Country Road at the ProHealth site. Photo from Google maps
Suffolk County is adding two additional testing sites for Covid-19 in the coming days, with AFC Urgent Care in West Islip expected to provide rapid testing with results in less than 15 minutes and ProHealth in Riverhead also offering mobile testing for the coronavirus.
John T. Mather Memorial Hospital in Port Jefferson is establishing an emergency fund to help staff. File photo from Mather Hospital
Suffolk County executive Steve Bellone, who announced the new testing sites, suggested that residents need to make appointments prior to visiting the facilities.
“No one should walk into an urgent care center and expect to get tested,” said Bellone on his daily conference call with reporters.
The phone number for the AFC site is 631-983-4084 and the number for ProHealth is 516-874-0411.
Bellone also reported that the crime rate in the county had gone down. In the two week period ending on March 29, burglaries declined by 30 percent, grand larceny fell by 18 percent, and felony assault came down 100 percent.
“We did expect to see a reduction in crime,” said Geraldine Hart, the Suffolk County Police Commissioner. “People are at home and businesses are shut down, taking away the opportunities” to commit crimes, as there are far fewer people on the street.
Separately, the Suffolk County Child Care Consortium has added a 13th site that will provide child care for health care workers, first responders and transit workers, Bellone said. The new site will be in Central Islip at the Cordello Avenue Elementary School and will be run by Youth Enrichment Services. The program will be open from Monday through Friday, from 8 a.m. until 6 p.m.
For businesses seeking support, Suffolk County has established a new Covid-19 public assistance web page, which residents can access through the web site suffolkcountyny.gov. At the site, residents can use the FEMA public assistance link, where they can fill out a form with any questions.
Amid the ongoing economic strain in the county, Bellone said he spoke with several financial institutions about a number of topics, including the challenge for many people of paying their mortgages once the pause is lifted and business resumes. Bellone said the institutions recognized that people who were struggling to pay their mortgages won’t suddenly be able to provide payments from several months.
Meanwhile, the number of positive coronavirus tests continues to rise, with 6,713 confirmed patients in the county, which is up about 1,000 in the last day. The number of people hospitalized with the virus has risen to 709, with 229 people in the Intensive Care Unit as a result of their infection.
The number of beds continues to rise, with the count adding about 500 beds, bringing the total to 2,803 beds, with 598 available. That includes 397 ICU beds, of which 67 are currently available.
Bellone reported an additional nine deaths from the virus, bringing the total to 53. One of the residents was around 90, with three others in their 80s, two in their 70s, one in their 40s and two in their 30’s. Most of the victims have had underlying medical conditions.
“A lot of people think this is a virus affecting the elderly, and it certainly is,” Bellone said “But is it not just the elderly. People with compromised immune systems, underlying medical conditions, and past illnesses” are all vulnerable to the virus.
The Suffolk County Police Department continues to see an increase in the number of people with the virus. As of today, 35 sworn officers and five civilians had tested positive. None of the county’s finest has required hospitalization. The police force continues to see an increase in the number of compliance incidents, with officers responding to 182 calls. Of those, 15 calls were not compliant. The officers decided that no enforcement actions were necessary as all locations voluntarily complied. The police have also installed intercom systems at the public entrance doors to all seven precincts to allow screening for visitors for potential COVID-19 infection.
While Governor Andrew Cuomo (D) has sought volunteer help from elsewhere in the country to assist with the anticipated need for more health care workers, the Police Department believes the staffing levels are sufficient and has taken measures to protect officers.
Separately, Mather Hospital has created an emergency fund to support hospital staff and patients during the pandemic. The hospital has received donations of food and medical supplies and is asking for monetary donations to the Covid-19 Emergency Fund. People can make donations through the web site: www.matherhospital.org/emergencyfund or they can mail them to JTM Foundation, Mather Hospital, 75 North Country Rd., Port Jefferson, NY 11777.
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