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2 men arrested in Michigan store shooting over mask dispute

Two men were arrested in a fatal shooting in Flint, Mich.




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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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374 staff at the IAA earned over €100,000 last year

The numbers of staff earning over €100,000 at the Irish Aviation Authority (IAA) last year increased by 31 to 374.




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State backed credit note for package holidays

The Government is to provide a State guaranteed refund credit note for package holidays booked through Irish travel agents and tour operators in effort to help the industry during Covid-19 crisis.




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€240 billion in low-cost credit for eurozone states

Eurozone ministers have formally approved €240 billion in credit lines to help European countries meet the crippling costs of fighting the coronavirus outbreak.




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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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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.




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Gov. Cuomo, don’t cry over spilled milk: Edie Falco says N.Y. shouldn’t prop up dairy farmers

Like many New Yorkers — indeed, many Americans — I’ve looked to Gov. Cuomo’s decisive leadership during the coronavirus crisis. But his Nourish New York initiative, while well-intentioned, is a step in the wrong direction. With federal funds stretched to the limit, why would the governor squander $25 million to bail out the dairy industry, which is rife with disease and cruelty?




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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.




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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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Justice extended, not denied: Gov. Cuomo rightly extends the deadline under which Child Victims Act survivors can face their

Last Feb. 14, Gov. Cuomo signed the Child Victims Act into law. He did it in the newsroom of the Daily News, because it was this paper that, over many years, spotlighted the wrenching cases of people abused as children, perversely prevented from seeking justice as adults.




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Distance learning: Social-distance policing is racially skewed; how to fix it

Seen plenty of people on sidewalks or in parks gallivanting without masks and clustering less than six feet apart? Of course you have, no matter the racial, religious or ethnic composition of the neighborhood; it’s happening everywhere, especially on nice days.




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Devonte Green’s complicated path to the NBA Draft

He is preparing for the 2020 NBA Draft in a year where basketball is no longer the same.




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Ex-NBA player Shannon Brown arrested for shooting at people he thought were breaking into his home

Former NBA guard Shannon Brown was arrested recently after shooting a rifle in a mixup at his home.




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Supertall residential building will enter crowded NYC market

A New York City condominium tower will be the world’s tallest predominantly residential building when it opens next year, though it will be competing with other ultra-luxury buildings for billionaire buyers, the building’s developer said Tuesday.




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Storm-damaged Bahamas properties hot as investors chase bargains

After Hurricane Dorian savaged the northern islands of the Bahamas, damaged properties loom as a target for real estate speculators.




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Georgia mall featured in ‘Stranger Things’ to go up for sale

Most of the Georgia mall heavily featured in the latest season of Netflix's "Stranger Things" is going up for sale.




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The last home designed by Frank Lloyd Wright sells in Arizona for nearly $1.7 million. Take a look inside.

Out of nearly 20 bids at a public auction for the Norman Lykes House, the winning bid came from a man who lives out of state, Heritage Auctions told The Associated Press.




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Iconic Las Vegas wedding chapel is no longer up for sale

The owner of a Las Vegas chapel where celebrity couples like Joe Jonas and Sophie Turner have gotten married is staying wedded to her business.




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Kim orders South’s buildings at resort in North be destroyed

North Korean leader Kim Jong Un ordered the destruction of South Korean-made hotels and other tourist facilities at the North’s Diamond Mountain resort, apparently because Seoul won’t defy international sanctions and resume South Korean tours at the site.




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Boo! Who wants to live where someone has died?

Most buyers, understandably, would want to know if a violent death occurred in the houses they are considering.




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Pending home sales reached a 21-month high in September

More Americans signed contracts to buy homes in September, a sign that the housing market is still benefiting from lower mortgage rates.




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Patriots QB Tom Brady reportedly buying $9M Greenwich estate

New England Patriots quarterback Tom Brady and his wife, Gisele Bundchen, reportedly have wrapped up their house hunting in Greenwich, settling on a seven-bedroom, nearly 15,000-square-foot estate.




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Redevelopment deal reached for former St. Paul Ford plant

A redevelopment deal has been reached for the former Ford Motor Co. plant in St. Paul that would feature thousands of new homes powered by renewable energy, officials announced Tuesday.




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Free six-bedroom house available in New Jersey - as long as you can move it

Looking for a house? Well, there’s a free one in New Jersey if you want it. You just need to come and get it. Literally.




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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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Penthouse once owned by critic Richard Roeper sells for $1.21 million

A three-bedroom duplex in River North that Roeper owned from 2005 until 2014 sold Jan. 7 for 13% less than what Roeper got for it.




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Smells impacting sales, rules against growing: How the real estate market is influenced by legal marijuana

A new National Association of Realtors report revealed the ways that legalizing marijuana has impacted real estate.




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Ousted WeWork co-founder Adam Neumann selling Manhattan penthouse for $37.5 million

Billionaire Adam Neumann, who was ousted from WeWork after the company’s botched attempt to go public last year, is selling a swanky penthouse in Manhattan’s Gramercy Park neighborhood for $37.5 million. The 41-year-old Israeli entrepreneur, whose unorthodox management style made shocking headlines in recent months, reportedly combined a four-bedroom penthouse and a three-bedroom apartment that he bought in 2017 into a massive three-story unit.




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Hoodlums in the ’hood: Where mobsters lived in South Florida

Some of the most infamous mobsters lived in South Florida neighborhoods we call home today, from Miami to Hollywood to Boca Raton.




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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.




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‘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.




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Australian jockey banned for head-butting fellow rider

Australian jockey Luke Tarrant has been given a six-month ban after head-butting fellow rider Larry Cassidy during an altercation at Doomben.




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New dates announced for French Classics

France Galop has announced rescheduled dates for the French Classics, with the Guineas meeting set to be staged on June 1 at ParisLongchamp and the French Derby and Oaks to follow on 5 July at Chantilly.




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Southern Legend edges Beauty Generation in Hong Kong

Southern Legend denied Beauty Generation in a thrilling renewal of the FWD Champions Mile at Sha Tin.




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Ruby Walsh believes racing can work behind closed doors

Ruby Walsh believes enforcing social distancing should not prove too much of an issue when racing eventually resumes.




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German racing return postponed

Monday's planned resumption of racing in Germany has been delayed, with the opening eight-race card at Dortmund postponed.




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Proposed plan for British racing takes shape

Two bumper weekends of Classic trials could take place at the end of May under the "best-case scenario" planning for the resumption of racing in Britain.




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Wicklow jockey Jackson cheered on to biggest career win

Irish jockey Shane Jackson achieved the biggest win of his eight-year Australian stint with victory in the Grand Annual Steeplechase at Warrnambool on Tuesday.




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City star Walker believes he is being 'harassed'

Kyle Walker claims he is being "harassed" after admitting that he breached lockdown rules to visit his sister and parents.




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South Korean K-League returns behind closed doors

European soccer leagues got a glimpse of what the future might hold after football finally returned with the start of the South Korean K-League on Friday.




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Rangers' Robertson an isolated figure in SPFL row

Rangers managing director Stewart Robertson has been accused of making "baseless, damaging and self-serving attacks" by his fellow Scottish Professional Football League board members.




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A Multi-Risk SIR Model with Optimally Targeted Lockdown -- by Daron Acemoglu, Victor Chernozhukov, Iván Werning, Michael D. Whinston

We develop a multi-risk SIR model (MR-SIR) where infection, hospitalization and fatality rates vary between groups—in particular between the “young”, “the middle-aged” and the “old”. Our MR-SIR model enables a tractable quantitative analysis of optimal policy similar to those already developed in the context of the homogeneous-agent SIR models. For baseline parameter values for the COVID-19 pandemic applied to the US, we find that optimal policies differentially targeting risk/age groups significantly outperform optimal uniform policies and most of the gains can be realized by having stricter lockdown policies on the oldest group. For example, for the same economic cost (24.3% decline in GDP), optimal semi–targeted or fully-targeted policies reduce mortality from 1.83% to 0.71% (thus, saving 2.7 million lives) relative to optimal uniform policies. Intuitively, a strict and long lockdown for the most vulnerable group both reduces infections and enables less strict lockdowns for the lower-risk groups. We also study the impacts of social distancing, the matching technology, the expected arrival time of a vaccine, and testing with or without tracing on optimal policies. Overall, targeted policies that are combined with measures that reduce interactions between groups and increase testing and isolation of the infected can minimize both economic losses and deaths in our model.




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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.




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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.




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Off-duty FDNY firefighter busted for DWI after found sleeping in parked car

Police discovered firefighter Lenzell Ross, 28, snoozing in his parked Tesla on the side of the Belt Parkway near Shore Parkway in Lindenwood about 2:30 a.m., authorities said.




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Brooklyn father who stabbed 2-year-old son in temple with comb charged with attempted murder

Jahvier Perez, 26, faces attempted murder, assault and child endangerment charges in the grisly Saturday morning attack, which may have left the two-year-old brain-damaged, police sources said.




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NYPD tow truck driver’s death in Brooklyn crash blamed on medical problem

The on-duty driver was heading south on Flatbush Ave. near Avenue R in Marine Park around 6 p.m. when he lost control of his truck, said police.




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Gambino capo, 10 cohorts picked up on federal racketeering conspiracy, loansharking, bribery charges

Veteran captain Andrew Campos, 50, was arrested only months after a search warrant uncovered multiple photos of the mobster and co-defendant Richard Martino making prison visits to imprisoned Mafioso Frank LoCascio, once the underboss to the infamous “Dapper Don” Gotti.