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Banjo CEO steps down after news of past KKK membership




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Nicholas Kristof: McDonald’s workers in Denmark pity us




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Roy Horn of Siegfried & Roy dies from coronavirus at 75




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The State Room holds a poster auction, selling 11 years of music memorabilia




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Jimmy Glenn, boxing cornerman and owner of ‘Jimmy’s Corner’ bar in Times Square, dies at 89 of coronavirus

Glenn, a former boxer and owner of popular Times Square bar Jimmy's Corner, died of coronavirus early Thursday morning at 89.




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Unheard-of May snow, icy cold temps, and high winds blasting in for Mother’s Day weekend

Weather extreme enough to shatter records across large swaths of the U.S. is heading our way this weekend, just in time for Mother’s Day. A storm system heading into the Northeast on Friday will smash into the polar vortex as it makes swing down from the Arctic, reported NBC News. This might sock the region in with heavy, wet snow all the way into New England.




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SEE IT: Red tide by day showers shoreline in mystical light by night off Southern California

Californians venturing onto the beach after a month of lockdown are being greeted with the ethereal sight of bioluminescent waves from an algae bloom.




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Dad throws 1-year-old daughter off ‘steep cliff’ into ravine, killing baby whose ‘smile was contagious’

A California dad allegedly tossed his baby daughter off a “steep cliff” to her death after he stabbed the child’s mom and a bystander who tried to help, relatives and police said.




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4th family member charged in murder of Family Dollar security guard who asked customer to wear mask

Brya Bishop was arrested days before her 25th birthday and charged with three felonies.




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Mark Hatten, ex-boyfriend of Anna Nicole Smith, shot and killed in South Carolina

Mark Hatten, an ex-boyfriend of deceased model Anna Nicole Smith, was shot and killed Sunday after an incident with another man in South Carolina.




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Coronavirus delays list of most popular baby names this year

The Social Security Administration will not release its list of popular baby names this year.




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2 men arrested in killing of unarmed black jogger Ahmaud Arbery in Georgia after outrage

Gregory McMichael, 64, and his 34-year-old son Travis have been charged with murdering Arbery.




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Coronavirus may linger in semen of infected men, poses small risk for COVID-19 infection via sex: study

The semen of men infected with coronavirus revealed that the disease lingered in only a few patients, suggesting there is a small chance COVID-19 can be transmitted sexually, researchers said.




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SEE IT: Gov. Cuomo approves of Robert De Niro playing him, gives his best ‘Taxi Driver’ impression

Gov. Cuomo is down with Robert De Niro portraying him in a movie about the coronavirus pandemic, should there be one, and he also took a moment to play the role of the Manhattan-born actor.




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Man who filmed Ahmaud Arbery killing also under investigation, Georgia official says

A day after a father and son were charged in the February killing of unarmed jogger Ahmaud Arbery, a Georgia official promised a thorough probe into the case and said the man who filmed the horrific incident is also under investigation. In a news conference Friday morning, Georgia Bureau of Investigation Director Vic Reynolds said “every stone will be turned over" and if the facts lead agents to make another arrest “they will do that.”




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Conservative talk-radio host Dennis Prager bemoans loss of racial slurs, gets history lesson

Conservative firebrand Dennis Prager has taken a break from pushing hydroxychloroquine and calling lockdowns “the greatest mistake” in history to rail against the loss of racist language.




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Trump calls video of Ahmaud Arbery killing ‘disturbing’ but trusts Georgia’s ‘very good’ law enforcement

President Trump on Friday called the viral video of Ahmaud Arbery’s killing “very, very disturbing,” but he said he’s confident that Georgia’s law enforcement authorities will handle the case properly despite a slow-moving investigation and conflict-of-interest questions surrounding the incident. “So I saw the tape, and it’s very, very disturbing," he said in a Fox New phone interview. “I looked at a picture of that young man. He was in a tuxedo... And I will say that that looks like a really good, young guy.”




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Record unemployment hits veterans hard, nearly 12% out of work

Veterans are being hit hard by unemployment due to the coronavirus pandemic.




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Ohio State to pay almost $41 million to 162 alleged sexual assault victims of university doctor

Ohio State University will pay about $41 million to settle a dozen lawsuits by 162 men alleging sexual abuse by a team doctor, Richard Strauss.




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California to mail ballots to all voters because of coronavirus

Surprisingly, they didn’t do it years ago due to traffic.




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Seminal rocker Little Richard, singer of classic “Tutti Frutti” and “Lucille,” dead at 87

The wildly influential singer and pianist established rock ’n’ roll as a genre with just one rule — there are no rules.




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Search for pair of teens who vanished while tubing continues in Utah

The desperate search for two teens who vanished while tubing in Utah continued on Saturday, days after the pair were swept up in an intense storm.




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The downsides of working from home

How should those now working from home due to the coronavirus deal with guilt and exhaustion?



  • Work & careers

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April unemployment rate jumps to record high of 28.2%

The unemployment rate for April, as measured by the Covid-19 adjusted measure, was 28.2% according to new figures from the Central Statistics Office.




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Trade Credit and the Transmission of Unconventional Monetary Policy -- by Manuel Adelino, Miguel A. Ferreira, Mariassunta Giannetti, Pedro Pires

We show that trade credit in production networks is important for the transmission of unconventional monetary policy. We find that firms with bonds eligible for purchase under the European Central Bank’s Corporate Sector Purchase Program act as financial intermediaries and extend more trade credit to their customers. The increase in trade credit flows is more pronounced from core countries to periphery countries and towards financially constrained customers. Customers increase investment and employment in response to the additional financing, while suppliers with eligible bonds increase their customer base, potentially favoring upstream industry concentration. Our findings suggest that the trade credit channel of monetary policy produces heterogeneous effects on regions, industries, and firms.




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Readers sound off on a historic game, Trump and blue laws

Manhattan: With no sports to watch, I’m relying on my memory for gratification. My greatest sports memory happens to coincide with the great moment in New York Knicks’ history, which happened 50 years ago today, on May 8, 1970, when the team won its first championship.




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Pass an essential workers’ bill of rights: During crisis, give those doing critical jobs added protections and pay

The COVID-19 crisis is laying bare our city’s extreme racial and economic inequality. Not only have communities of color borne the brunt of the pandemic, but workers of color make up 75% of New York’s essential workers, the people who are risking their health to provide the services on which we all rely.




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Racialized violence never takes a break: On the killing of Ahmaud Arbery

Early May weather finally brought spring relief to my family weary from weeks of dreary weather and sheltering in place. Inexplicably a dance party had broken out; the boys, giddy from the arrival of two rabbits — pandemic pets — were dancing with their grandmother as my wife and I looked on, sipping evening cocktails. Then an absentminded Twitter check confronted me with the shocking video of Ahmaud Arbery, a young black Georgian, being hunted down and killed by two white men.




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GREENE: Same profiling, same brutality, same disrespect — social distancing enforcement shows NYC ‘not as far as we think we are’

As much as Mayor de Blasio wants to pretend these arrests are just a drop in the bucket, from the point of view of those being constantly dropped in the bucket, the city’s heavy-handed coronavirus crackdown is just more of the same.Same profiling. Same brutality. Same disrespect.




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Readers sound off on struggling small businesses, social distancing policing and solving homelessness

Lynbrook, L.I.: The news outlets have not covered the way that the smallest small businesses have been overlooked during the pandemic. As a Schedule C tax filer, I am eligible to collect Pandemic Unemployment Assistance under the CARES Act. I applied for PUA on March 16. I have been certifying for benefits every week. This entire time, my online account with the state Department of Labor says that my case is still pending.




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Reggie Miller, the dream opponent for the Knicks, was made for the bright lights of New York

There were two Reggies in New York City.




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One group of Nets workers is being left out in the cold

When Nets owner Joe Tsai pledged to continue paying the Barclays Center workers who make game day experiences possible through the end of May, it was a relief to many. One group has been left out in the cold, however, and is now speaking up for itself.




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Former ABA commissioner Mike Storen, dad of ESPN’s Hannah Storm, dies at 84

Known for his hearty laugh and creative mind, Storen rose to executive spots in basketball, football, baseball and tennis during a four-decade career in sports.




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Reggie Miller, the dream opponent for the Knicks, was made for the bright lights of New York

There were two Reggies in New York City.




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Office Visits Preventing Emergency Room Visits: Evidence From the Flint Water Switch -- by Shooshan Danagoulian, Daniel S. Grossman, David Slusky

Emergency department visits are costly to providers and to patients. We use the Flint water crisis to test if an increase in office visits reduced avoidable emergency room visits. In September 2015, the city of Flint issued a lead advisory to its residents, alerting them of increased lead levels in their drinking water, resulting from the switch in water source from Lake Huron to the Flint River. Using Medicaid claims for 2013-2016, we find that this information shock increased the share of enrollees who had lead tests performed by 1.7 percentage points. Additionally, it increased office visits immediately following the information shock and led to a reduction of 4.9 preventable, non-emergent, and primary-care-treatable emergency room visits per 1000 eligible children (8.2%). This decrease is present in shifts from emergency room visits to office visits across several common conditions. Our analysis suggest that children were more likely to receive care from the same clinic following lead tests and that establishing care reduced the likelihood parents would take their children to emergency rooms for conditions treatable in an office setting. Our results are potentially applicable to any situation in which individuals are induced to seek more care in an office visit setting.




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Two South Florida mansions offer a taste of the rock star lifestyle

Russ Weiner, the founder of Rockstar Energy Drink, has listed his Miami Beach and Delray Beach mansions for sale. The total asking price: $71.5 million.




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Owner of floating B&B ready to move on

Liz Miller plans to pack up with her fiance, a St. Paul Public Works employee, and run a hostel-like inn on a Panamanian island just south of Costa Rica's Caribbean coast.




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Scientologists buy dozens of properties in Florida city, newspaper reports

In a report published Sunday, the Tampa Bay Times said that it discovered the extent of Scientology property purchases by reviewing more than 1,000 deeds and business records and then interviewed more than 90 people to reconstruct the circumstances surrounding the transactions.




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The world’s largest Starbucks opens tomorrow in Chicago. Here’s what to expect if you go, from rare beans to coffee cocktails.

The Reserve Roastery Chicago opens Friday, transforming the former Crate & Barrel space into five floors of coffee wonderland.




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New York to probe claims of biased behavior by real estate agents

New York Attorney General Letitia James is investigating allegations of racially discriminatory tactics by Long Island real estate agents as described in a sweeping Newsday report.




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California holds 73% of the nation’s priciest ZIP codes for home buyers

According to a new report from real estate database PropertyShark, California has accounted for roughly 73% of the country’s priciest ZIP codes for home buyers this year.




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As Chicago’s building boom continues, new nonprofit aims to train women and minorities for construction trades

Major players in commercial real estate, construction and organized labor are teaming up with the United Way to try to place thousands of and minorities into trade careers in Chicago, where there is both a shortage of skilled labor and a dearth of jobs in swaths of the city.




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‘They slap lipstick on a pig’: What Chicago real estate experts think of the HGTV effect and ‘Windy City Rehab’ woes

Chicago real estate experts bust myths portrayed by home improvement shows, from actors subbing in as buyers to unrealistically low renovation costs.




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Sober homes face challenge of finding welcoming neighborhood

As important as sober homes are to the effort to address a statewide crisis at the local level, many neighborhoods prefer not to be a part of that mission.




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First signs of disruption appear in housing; markets ‘calm’

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Wednesday related to the global economy, particular economic sectors, and the workplace.




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3D office tours grow in popularity as coronavirus brings in-person visits to a halt

Truss, a Chicago-based real estate technology firm, is seeing increased interest in its 3D virtual office tours during the coronavirus pandemic.




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Hanover card kicks off German racing's return

Majestic Colt landed the first Listed prize of the German season as racing sparked back to life at Hanover on Thursday.




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Inequality of Fear and Self-Quarantine: Is There a Trade-off between GDP and Public Health? -- by Sangmin Aum, Sang Yoon (Tim) Lee, Yongseok Shin

We construct a quantitative model of an economy hit by an epidemic. People differ by age and skill, and choose occupations and whether to commute to work or work from home, to maximize their income and minimize their fear of infection. Occupations differ by wage, infection risk, and the productivity loss when working from home. By setting the model parameters to replicate the progression of COVID-19 in South Korea and the United Kingdom, we obtain three key results. First, government-imposed lock-downs may not present a clear trade-off between GDP and public health, as commonly believed, even though its immediate effect is to reduce GDP and infections by forcing people to work from home. A premature lifting of the lock-down raises GDP temporarily, but infections rise over the next months to a level at which many people choose to work from home, where they are less productive, driven by the fear of infection. A longer lock-down eventually mitigates the GDP loss as well as flattens the infection curve. Second, if the UK had adopted South Korean policies, its GDP loss and infections would have been substantially smaller both in the short and the long run. This is not because Korea implemented policies sooner, but because aggressive testing and tracking more effectively reduce infections and disrupt the economy less than a blanket lock-down. Finally, low-skill workers and self-employed lose the most from the epidemic and also from the government policies. However, the policy of issuing “visas” to those who have antibodies will disproportionately benefit the low-skilled, by relieving them of the fear of infection and also by allowing them to get back to work.




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Which Workers Bear the Burden of Social Distancing Policies? -- by Simon Mongey, Laura Pilossoph, Alex Weinberg

What are the characteristics of workers in jobs likely to be initially affected by broad social distancing and later by narrower policy tailored to jobs with low risk of disease transmission? We use O NET to construct a measure of the likelihood that jobs can be conducted from home (a variant of Dingel and Neiman, 2020) and a measure of low physical proximity to others at work. We validate the measures by showing how they relate to similar measures constructed using time use data from ATUS. Our main finding is that workers in low-work-from-home or high-physical- proximity jobs are more economically vulnerable across various measures constructed from the CPS and PSID: they are less educated, of lower income, have fewer liquid assets relative to income, and are more likely renters. We further substantiate the measures with behavior during the epidemic. First, we show that MSAs with less pre-virus employment in work-from-home jobs experienced smaller declines in the incidence of `staying-at-home', as measured using SafeGraph cell phone data. Second, we show that both occupations and types of workers predicted to be employed in low work-from-home jobs experienced greater declines in employment according to the March 2020 CPS. For example, non-college educated workers experienced a 4ppt larger decline in employment relative to those with a college degree.




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Optimal Regulation of E-cigarettes: Theory and Evidence -- by Hunt Allcott, Charlie Rafkin

We model optimal e-cigarette regulation and estimate key sufficient statistics. Using tax changes and scanner data, we estimate relatively elastic demand and limited substitution between e-cigarettes and combustible cigarettes. In sample surveys, historical smoking declines for high- and low-vaping demographics were unchanged after e-cigarettes were introduced; this demographic shift-share identification also suggests limited substitution. We field a new survey of experts, who report that vaping is almost as harmful as smoking cigarettes. In our model, these results imply that current e-cigarette taxes are far below the social optimum, but Monte Carlo simulations highlight substantial uncertainty.