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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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'Lean on Me' - Limerick online voucher initiative

Their doors may be closed, but Limerick businesses are receiving support from their customers who are generating cashflow by buying vouchers online.




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Over €3.5 billion in prize bonds held at end-2019

Over half a billion euro of prize bonds were sold last year, according to the latest report from the Prize Bond Company.




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Ability to work from home could limit job losses - ESRI

More workers should be facilitated to work from home in order to improve their chances of retaining their jobs, according to the Economic and Social Research Institute.




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Demand for bank loans falls sharply amid virus crisis

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




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Ryanair criticises aircraft parking charges in Dublin

Ryanair has criticised what it has described as unjustified charges for aircraft that are parked at Dublin airport while not in use due to the Covid-19 crisis.




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US economy lost 20.5 million jobs in April

The US economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the coronavirus pandemic is battering the world's biggest economy.




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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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Did the Paycheck Protection Program Hit the Target? -- by João Granja, Christos Makridis, Constantine Yannelis, Eric Zwick

This paper takes an early look at the Paycheck Protection Program (PPP), a large and novel small business support program that was part of the initial policy response to the COVID-19 pandemic. We use new data on the distribution of PPP loans and high-frequency micro-level employment data to consider two dimensions of program targeting. First, we do not find evidence that funds flowed to areas more adversely affected by the economic effects of the pandemic, as measured by declines in hours worked or business shutdowns. If anything, funds flowed to areas less hard hit. Second, we find significant heterogeneity across banks in terms of disbursing PPP funds, which does not only reflect differences in underlying loan demand. The top-4 banks alone account for 36% of total pre-policy small business loans, but disbursed less than 3% of all PPP loans. Areas that were significantly more exposed to low-PPP banks received much lower loan allocations. As data become available, we will study employment and establishment responses to the program and the impact of PPP support on the economic recovery. Measuring these responses is critical for evaluating the social insurance value of the PPP and similar policies.




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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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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.




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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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We could use a few more Good Samaritans

“The Parable of the Good Samaritan is about a Jewish man unexpectedly receiving help from a despised enemy with whom he had serious religious differences.”




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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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If dairy is essential, why aren’t my rights? A N.Y. farmworker’s plea

I am proud that companies and farms are donating milk to many people. I am proud because I am one of the workers who helps produce that milk.




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Why I’m on a rent strike

My landlord in Stuyvesant Town is the private equity giant Blackstone, which happens to be the world’s largest private landlord. Blackstone sent a letter to tenants on March 30th offering a “rental assistance program” during COVID-19. The program just meant tenants can break their lease and move during a pandemic, use their security deposit (and pay it back later), or commit to paying full rent over a longer period of time, if we can prove we’ve suffered economic loss.




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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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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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Baseball great Mike Piazza’s new home base: A $5.6 million South Florida condo

Hall of Famer and 12-time All Star Mike Piazza buys a three-bedroom condominium at The Ritz-Carlton Residences, Miami Beach for $5.6 million. The 3,838-square-foot condo has views of Surprise Lake and Biscayne Bay.




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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.




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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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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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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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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.




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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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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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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.




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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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Paint job makes $500,000 Florida home look like cartoon

The home was painted in large patches of extremely bright primary colors with random splatters throughout. The home in the Il Regalo Circle Community in Naples resembles a pre-school play toy or cartoon home.




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Small home living: not ‘downsizing’ but ‘right-sizing’

With the current trend toward de-cluttering and downsizing, there are plenty of books about how to winnow down possessions to the few that are truly necessary and loved. This book shows how you can live well once that's done.




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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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Former quarterback Michael Vick lists South Florida home | Photos

Former NFL quarterback Michael Vick is selling his Plantation home, listed at $2.399 million.




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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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Virtual tours? A buyers’ market later? How coronavirus is affecting South Florida real estate.

A look at how real estate in South Florida has been affected by the coronavirus pandemic, from virtual tours and technology playing larger in the home-buying process to how the market is expected to react.




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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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‘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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BHA outlines blueprint for potential return to racing

A restriction on field sizes to 12 runners per race and the use of only senior jockeys both feature in the latest plans for the potential resumption of racing in Britain.




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O'Brien to stoke old fires as Rekindling rejoins yard

Joseph O'Brien is keen to start off slowly with Rekindling after welcoming the 2017 Melbourne Cup winner back to his yard.




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French racing exempt from ban insists authority

Racing remains on course to return in France on 11 May despite French prime minister Edouard Philippe announcing on Tuesday that professional sport would not restart before September.




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Cheltenham should not have gone ahead, admits HRI chief

The Cheltenham horse racing festival should probably not have been allowed to go ahead last month shortly before Britain went into lockdown due to the Covid-19 pandemic, Horse Racing Ireland CEO Brian Kavanagh has said.




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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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Two Serie A clubs confirm positive Covid-19 tests

Four Sampdoria players, including one who had previously recovered, and three from Fiorentina have tested positive for coronavirus, the two Serie A clubs announced on Thursday.




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FAI seek more clarity on potential return to action

The FAI have sought more clarity from Sport Ireland and the HSE as they look to nail down a return date for the game at all levels.




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Son proves a sharpshooter during national service

Tottenham forward Son Heung-min will return to London next week after completing a three-week stint of national service in South Korea, where his aim with a rifle proved just as good as accurate as his shooting on the field.




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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.