and

Supermarkets limiting meat purchases amid tight supply and buyer panic

Meat is going the way of toilet paper, and grocery stores are rushing to stay ahead of panic buying as supplies tighten during the coronavirus pandemic. Just as scared shoppers snapped up hand sanitizer, soap and yes, toilet paper at the beginning of the pandemic, now they are rushing to stock meat. Grocery chains across the country have begun limiting meat purchases in response to the dual pressures.




and

Trump’s valet tests positive for coronavirus, but both the president and Pence are fine

A member of the U.S. Navy who serves as one of President Trump’s personal valets has tested positive for coronavirus.




and

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.




and

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.




and

Fox News pundit encourages Americans to get ‘out there’ and ‘have some courage’

Fox News pundit mocks 'experts,' encourages Americans to get out there and 'have some courage'




and

Woman goes mad after being told McDonald’s is closed, shoots and injures 3 employees, OKC cops say

Things were not OK.




and

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.




and

Protests in Indianapolis after police kill 3 young adults and unborn child in separate incidents

Officers killed three civilians in three separate incidents within hours of each other.




and

All buzz and no sting? Experts say ‘murder hornets’ are overhyped

They don’t want people bugging out.




and

Racy photos and an undisclosed killing: Sheriff’s race is Broward County’s raucous election to watch

Broward County Sheriff Gregory Tony is getting a political baptism by fire in an election that reads like a Hollywood screenplay with racy photos, a secret decades-old killing and a bitter union fight.




and

Southwest Airlines plane hits and kills person as it lands on Texas runway

A Southwest jet traveling from Dallas fatally struck a person as it touched down at a Texas airport Thursday night, authorities said.




and

Pete Davidson asks people to stop bringing drugs to his mom’s house on Staten Island

Pete Davidson, who recently said he quit using drugs, urged people not to drop off any weed or other illegal substances at his mom’s Staten Island house after a stranger did just that a few days ago.




and

Disney Springs in Orlando starting phased reopening after coronavirus closures

Disney World is beginning to spring into action. Disney Springs, the company’s outdoor dining, shopping and entertainment complex near its Florida theme parks, is set to begin a phased reopening on May 20 following closures to reduce the spread of coronavirus.




and

Costco shoppers upset the retailer is requiring customers to wear face masks during a pandemic

Some Costco customers are not happy about having to wear masks in stores.




and

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.




and

US data to underscore divide between market and economy

A week packed with US economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown.




and

Chambers Ireland urges regional recovery programme

New research from Chambers Ireland shows that the tourism, hospitality, entertainment and local services sectors all show signs of having been particularly negatively hit by the outbreak of Covid-19.




and

Covid-19 impacting 'well-being and relationships'

The Covid-19 outbreak is having a negative impact on personal relationships and well-being, while it has also led to an increase in the consumption of alcohol.




and

Demand for bank loans falls sharply amid virus crisis

New research from the Central Bank shows that demand for bank loans has fallen sharply.




and

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.




and

A bridge too far: Bill Baroni, Bridget Kelly and Chris Christie committed moral crimes against New Jersey

By the time in 2015 when prosecutors indicted Chris Christie flunkies Bridget Kelly and Bill Baroni for shutting down Fort Lee’s George Washington Bridge lanes for four days in 2013 to punish the mayor for failing to endorse the big man in Trenton’s reelection, the two sick sycophants had long lost their stupid sinecures in the State House and Port Authority. And Christie had already rightly lost the trust of Jerseyans for building the hothouse in which the lichens could grow.




and

Bring on the e-scooters: A Bird executive explains how New York City can smartly and safely welcome the micromobility devices

Electric scooters are coming to New York and, with a little planning and preparation, they can safely thrive here. To understand how, it helps to start with some context.




and

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.




and

How to save the world: A VE Day salute to the men and women who defeated Hitler

The monster who started it, Hitler, was dead, with a coward’s bullet to the head. Also gone was FDR, the man who mobilized a nation and built a worldwide coalition to defeat Germany. As were millions of men who fought in the second war to end all wars to crush an insane regime that had murdered millions of civilian men, women and children, Jew and gentile. Churchill, who stood sometimes alone against the threat, would soon be turned out by the voters.




and

Losing jobs, saving jobs: As unemployment soars, the nation and individual states try to balance health and economic concerns

The patient, laid up in the ICU, gets sicker. Thursday, 3.2 million more people joined the ranks of the unemployed, bringing to 33.5 million the number of Americans who’ve lost jobs since mid-March. Believe it: One in five of those employed before this living, dying hell began is now seeking jobless benefits.




and

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.




and

Questioning Tara Reade’s story doesn’t make one a rape apologist: On Joe Biden and #MeToo

Over almost three decades prosecuting criminals, I’ve been threatened, had a Santeria curse put on me, and been called a “fu--ing a--hole” on more occasions than I can count. But until my column for USA Today last week, “Why I’m skeptical about Reade’s sexual assault claim against Biden,” I’d never been called a “rape apologist.”




and

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.




and

SEE IT: Video shows random attack on real estate agent in Los Angeles: ‘Seeing my legs in the air, it’s like a movie’

A Los Angeles real estate agent was shoved backwards off a stairway and pinned to the ground by an unknown open house visitor who flashed a chilling smile at a security camera seconds earlier.




and

Switzerland pays $3.48 million for condo in Pinnacle building

Switzerland paid $3.48 million for a four-bedroom, 5,300-square-foot condo in the Pinnacle building in downtown Chicago.




and

This Florida Keys private island with a rich history is for sale. Asking price: $17 million.

A private island in Islamorada on the Florida Keys is for sale for $17 million. The island is called Terra's Key, after its owner John Terra, and has historical significance dating back to the 1800s.




and

Orioles stars Cal Ripken and Adam Jones’ former Baltimore County estate back on market

The sprawling Baltimore County home once inhabited by Orioles stars Cal Ripken Jr. and Adam Jones is back on the market after less than six months.




and

Grove Resort and Water Park completes 3rd tower in 878-room complex

The Grove Resort and Water Park fishes three-year journey to complete three-building complex's construction.




and

Orlando housing: As Baby Boomers die, area may have too many excess homes

Over the next 20 years more than a quarter of the nation’s currently owner-occupied homes will be on the market as owners pass on with Orlando being one of the top impacted areas.




and

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.




and

Artwork as a selling tool: Condos seek sales boost from paintings and sculptures

Facing signs of a slowdown in South Florida real estate sales, developers are increasingly incorporating art into their sales pitches to sell multimillion-dollar single family homes and oceanfront condo towers. Here's a look at how it works.




and

Jay Cutler and Kristin Cavallari toss Tennessee mansion back on the market

Jay Cutler and Kristin Cavalarri have chopped the price of their Tennnessee mansion to $4.95 million.




and

‘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.




and

Canceled open houses and virtual home tours. Realtors pivot amid pandemic to keep selling homes

Locally, the housing market got off to a great start at the beginning of the year, and all signs seemed to point to a bright spring season. And then the coronavirus struck.




and

US home sales plunge 8.5% in March, and it may grow worse

U.S. sales of existing homes cratered 8.5% in March with real estate activity stalled by the coronavirus outbreak.




and

‘Be prepared for the Wild West’: As real estate’s busy season winds up, here’s how to buy or sell a home during the coronavirus pandemic

Real estate data suggests the market took a downturn in March that might already be rebounding. Here's what experts predict.




and

Ferdinand fears Premier League faces thankless task

Former Manchester United and England defender Rio Ferdinand believes there is no viable resolution to the resumption of the 2019-20 season that will satisfy all 20 Premier League clubs.




and

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.




and

Electricity and Firm Productivity: A General-Equilibrium Approach -- by Stephie Fried, David Lagakos

The lack of reliable electricity in the developing world is widely viewed by policymakers as a major constraint on firm productivity. Yet most empirical studies find modest short-run effects of power outages on firm performance. This paper builds a dynamic macroeconomic model to study the long-run general equilibrium effects of power outages on productivity. The model captures the key features of how firms acquire electricity in the developing world, in particular the rationing of grid electricity and the possibility of self-generated electricity at higher cost. Power outages lower productivity in the model by creating idle resources, by depressing the scale of incumbent firms and by reducing entry of new firms. Consistent with the empirical literature, the model predicts that the short-run partial-equilibrium effects of eliminating outages are small. However, the long-run general-equilibrium effects are many times larger, supporting the view that eliminating outages is an important development objective.




and

Immigration, Innovation, and Growth -- by Konrad B. Burchardi, Thomas Chaney, Tarek Alexander Hassan, Lisa Tarquinio, Stephen J. Terry

We show a causal impact of immigration on innovation and dynamism in US counties. To identify the causal impact of immigration, we use 130 years of detailed data on migrations from foreign countries to US counties to isolate quasi-random variation in the ancestry composition of US counties that results purely from the interaction of two historical forces: (i) changes over time in the relative attractiveness of different destinations within the US to the average migrant arriving at the time and (ii) the staggered timing of the arrival of migrants from different origin countries. We then use this plausibly exogenous variation in ancestry composition to predict the total number of migrants flowing into each US county in recent decades. We show four main results. First, immigration has a positive impact on innovation, measured by the patenting of local firms. Second, immigration has a positive impact on measures of local economic dynamism. Third, the positive impact of immigration on innovation percolates over space, but spatial spillovers quickly die out with distance. Fourth, the impact of immigration on innovation is stronger for more educated migrants.




and

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.




and

Woman struck and killed by hit-and-run driver in Brooklyn

The victim, believed to be in her 40s, was hit at the intersection of Atlantic Ave. and Pennsylvania Ave. in East New York about 4:30 a.m., cops said.




and

South Brooklynites are fed up with spotty R and D train service: report

The survey of more than 700 people in Sen. Andrew Gounardes’ district — which stretches from Bay Ridge to Manhattan Beach — found that half of those who take the subway to work need to transfer at least once during their commutes.




and

Vision uh-oh: Two more pedestrians killed by vehicles in Manhattan and Brooklyn, capping off deadly three days across NYC

The Friday morning deaths capped off a deadly three days across the city.




and

SEE IT: Boy violently struck by car in Brooklyn, then gets up and walks away

The frightening incident happened Wednesday around 8 a.m., on 55th St. between 14th Ave. and New Utrecht Ave. in Borough Park, according to Ezra Friedlander, who shared the video on Twitter.