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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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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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Real estate deals tap technology for virtual tours, closings | Photos

Thanks to virtual tours, online mortgage applications, remote notarization and tech tools like Facetime, real estate agents in South Florida are still conducting business these days.




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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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Un De Sceaux to spend retirement in France

Multiple Grade One-winning chaser Un De Sceaux left the yard of Willie Mullins for the final time on Monday.




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Blades boss Wilder will allow players to opt out

Chris Wilder says he will respect the decision of any Sheffield United player opting not to play when football is given the go-ahead to resume.




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Bundesliga nails down final details for big return

The German Bundesliga is set to start again on 16 May.




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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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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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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.




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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.




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Cops release sketch of suspect in sexual assault of teen inside NYC college bathroom

The 17-year-old victim was entering the bathroom inside the lower level of the library at Kingsborough Community College in Manhattan Beach about 11:35 a.m. Monday when she felt someone coming in behind her, cops 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.




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Defense lawyer, in closing arguments for 2016 slaying of beloved Brooklyn pizzeria owner, insists prosecutors failed to prove their case

Attorney Javier Solano, in his final jury address Friday, insisted there was a “piece that didn’t fit” in the prosecution’s presentation against murder suspect Andres Fernandez in the June 30, 2016, shooting of Louis Barbati.




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SEE IT: Home invader with knife walks through sleeping man’s home in Brooklyn

Creepy video of an intruder with a knife roaming through a sleeping man’s kitchen in Brooklyn was released by police Sunday night.




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Suspect with knife captured on video in sleeping man’s home may have also slipped into Brooklyn building: police

Cops are looking into the possibility a man who stalked through a Brooklyn home with a knife may have trespassed through another nearby location the night before.




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Ex-Brooklyn Poly Prep student alleges tennis coach sexually abused her in the 1980s

The victim, identified in court papers as “Jane Roe” and now middle-aged, alleges tennis coach William Martire verbally assaulted, groped and forced her give him oral sex.




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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.




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Man shot during fight inside Brooklyn subway station

The incident happened around 4:30 a.m. on the southbound platform for the B and Q trains inside the 7th Ave-Flatbush Ave. station in Park Slope.




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Brooklyn assault suspects get welcome reprieve under new reforms: No bail despite alleged violent offenses in separate cases

Two men accused of violent crimes were freed without bail from Brooklyn Criminal Court on Thursday amid growing concern about the state's new bail reform laws.




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Former Mexican security chief linked to Sinaloa Cartel held without bail by Brooklyn federal judge on multi-million dollar bribery charge

Garcia Luna, accused of turning a blind eye toward murderous drug overlord Joaquin “El Chapo” Guzman while serving as Mexico’s secretary of public security from 2006-12, arrived in Brooklyn Federal Court with his attorney for a Friday afternoon hearing.




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Church desecration suspect in custody after Brooklyn priest, altar are splashed with juice during Sunday morning service

A 14-second video captured the unsettling scene inside St. Anthony of Padua Church in Greenpoint as the Rev. Jossy Vattothu presided over the 9:30 a.m. Mass, with the man strolling casually inside the house of worship with a container of juice in his right hand.




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Brooklyn gynecologist accused of sex with a second underage boy

Aaron Weinreb, a 48-year-old OB-GYN, has been in home detention on $1.5 million bail since his arrest in October on charges he used the gay dating app Grindr to connect with an underage boy for sex.Because they’ve found a second victim, prosecutors wantED Weinreb jailed while he awaits trial.




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Brutal ‘Bushwick Crew’ member pleads guilty to murdering thieves who tried to rob drug stash

The last suspect in the grisly gang-related Brooklyn murders of two men whose bodies were burned after they were tortured and killed pleaded guilty Friday.




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After legendary 53-year career, Brooklyn Federal Judge Jack Weinstein hangs up his robe at age 98

Judge Jack Weinstein on Monday moved to inactive status, closing out a 53-year career. A highlight of his law career was working with Thurgood Marshall on the legal arguments that led the U.S. Supreme Court to rule in Brown v. Board of Education that school segregation was illegal. He was named a federal judge in 1967, and on his retirement was the last appointee of President Lyndon Johnson still on the bench.




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Poly Prep tennis coach accused of sexual abuse by second former student in new Brooklyn court filing

The plaintiff, a former high school cheerleader identified only by the pseudonym “Mary Coe,” was in her first year at the school when defendant William Martire allegedly initially forced her to perform oral sex on him in the early 1980s, according to a horrifying 18-page Brooklyn Supreme Court filing.




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Man wrongly convicted in 1995 Brooklyn gang murder sues the state for $100 million

Christian Pacheco, 42, was wrongly convicted in the racially-motivated Latin Kings killing of Lemuel Cruz, who died in December 1995 at a Brooklyn club called El Sabor Latino. Pacheco was nabbed by cops as he was trying to save Cruz's life. “I don’t regret helping him — honestly, I don’t. That’s the kind of person that I am," Pacheco told reporters Thursday.




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Pistol-whipping Russian mobster explodes at prosecutor at Brooklyn sentencing: ‘I can’t listen to these lies!’

Aleksey Tsvetkov, 40, blew up while an Assistant U.S. Attorney recited his criminal history during his sentencing hearing in Brooklyn Federal Court on racketeering charges..




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Legendary mobster Sonny Franzese dead at 103

The renowned tough guy did his prison time without ever turning on his mob associates following a 1967 conviction that was widely considered both inside and outside organized crime as a set-up.




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Boy, 7, walking to Brooklyn school with mom killed in crosswalk by driver with suspended license — sixth NYC pedestrian death in five days

The 8:15 a.m. crash at Pennsylvania and Blake Aves. in East New York happened just paces from three neighborhood schools and about two miles from where a 10-year-old girl was fatally struck by a school bus Tuesday, officials said.




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Tears flow, crossing guards and memorial appear at Brooklyn death scene where 7-year-old was fatally injured while walking to school

Folks in the neighborhood where the 7-year-old was struck and killed 24 hours earlier couldn’t help but notice the new arrivals Friday: Two guards positioned at the intersection near a homemade memorial honoring the lost and lovable child.




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Brooklyn man whose murder conviction was overturned will be retried for 1992 killing

Emmanuelle Cooper, 54, spent 27 years in prison for the 1992 murder of MTA employee Andres Barretto, who was fatally shot in an East New York subway station after two men forced their way into a booth and robbed the token clerks inside.




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Brooklyn man suspected of murdering love triangle rival and burning corpse took victim’s seat in church

The murder may have happened outside the city.




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Transgender woman housed with men repeatedly raped in Brooklyn federal lockup: lawsuit

A transgender woman awaiting trial on charges that she swindled elderly women out of their savings was raped repeatedly in jail after she was housed against her will with rowdy male inmates, according to a new lawsuit.




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State pulls liquor license of Queens restaurant that flouts governor’s no dining in order

The operators of the New Oriental Guyana Restaurant on Liberty Ave. in Jamaica shut its front gates — but in a Prohibition-era move, they let dozens of customers in through an alley door so they could wine and dine the night away, the State Liquor Authority said.




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Brooklyn fiddler serenades neighbors stuck in coronavirus lockdown

“It’s about the power of music and bringing music to people to get through very difficult times. I think we all really need to do that and really step up for each other," said Dr. Kari Groff.




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Patients denied take-home doses at packed Brooklyn methadone clinic, sparking fears of coronavirus transmission

Patient Jessica Ellision recalled how she broke down and sobbed Monday when she finally received her medication after a three-hour wait — much of it in the crowded hallway where she feared the other patients might be infected. “It was so intense and so stressful, and you feel like you worked so hard not to be sick, but this is it now — this is how it happens,” said Ellison, 39, of the Bronx.




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Two NYC Education Dept. employees who shared building with principal who died of coronavirus also hospitalized: sources

Rona Phillips, the principal of KAPPA V High School in Brownsville, is in intensive care with pneumonia, officials said. “Our thoughts are with Principal Phillips and her family for a speedy recovery, and we’ll support the school community in every way we can,” said Education Department spokeswoman Miranda Barbot.




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Streets will open to pedestrians around the city to give coronavirus-cooped New Yorkers more open space

City officials called the street closings planned starting Friday are an “initial pilot,” and that more sites may be added to the program in the coming days. De Blasio said on Tuesday he’d like to open “up to two streets per borough.”




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‘This is for real’: Videos show bodies loaded into trucks outside coronavirus-struck NYC hospitals

Disturbing videos posted online paint a grim picture on how hospitals seem to be struggling to deal with bodies as they battle against the wave of coronavirus patients.




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Members of NYC’s running clubs run errands for needy during coronavirus pandemic

Runners are using their legs for deliveries now.




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Brooklyn Borough President Eric Adams calls for express supermarket lanes for first responders, with Foodtown already onboard

Brooklyn Borough President Eric Adams called Saturday for all New York supermarkets to offer express lane treatment for those heroic New Yorkers on the front lines of the coronavirus pandemic.




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Four men wounded in Brooklyn shooting

A 39-year-old man was shot in the stomach on Rockaway Parkway near Winthrop St. in Brownsville around 3:20 a.m., according to authorities. Three other men, in their 30s and 40s, were shot in the legs.




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Gone too fast, too young: Brooklyn dad of 2-year-old boy dies at home from likely coronavirus despite family’s desperate efforts to save him

The last thing Jorge Cruz ever did was ask for a cup of hot tea. By the time it was cool enough for a sip, he was dead -- apparently from coronavirus.