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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.




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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.




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Chris Cornell’s widow fires back at Soundgarden members in escalating legal war, says they’re tying to ‘browbeat’ her into giving up music

Chris Cornell’s widow is firing back at her husband’s Soundgarden bandmates, calling the lawsuit they filed against her Wednesday an attempt to “browbeat” her into giving up “copyrighted works.”




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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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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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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.




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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.




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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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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.




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Donohoe says Covid funding can't go on indefinitely

The Minister for Finance has said the State can afford to continue to fund the measures put in place by the Government to deal with the fallout from the Covid-19 pandemic.




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EU court hits back at German ruling on ECB support

The European Union's top court has said it alone has the power to decide whether EU bodies are breaching the bloc's rules, in a rebuke to Germany's highest court, which this week rejected its judgment approving the ECB's trillion-euro bond purchases.




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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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€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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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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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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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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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.




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Taking government money? Disclose your political spending: Companies should opt for transparency now more than ever

With increasing reports of large public companies and politically connected ones receiving COVID-19 rescue aid and the Trump administration blocking proper oversight, business leaders can act on their own to protect the integrity of the government aid effort and of companies themselves. They can do that by disclosing their companies’ political spending to show that political influence is not a factor in who gets help.




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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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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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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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Olympic figure skater Evan Lysacek sells Chicago condo for $827,000

Lysacek, originally from Naperville, took a loss on the two-bedroom condo.




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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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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.




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Stephen, Tabitha King plan changes to iconic Maine home

The authors want to transform the home where they raised their children in Bangor, Maine, into the location for Stephen King’s personal archives. A guest house they own next door would host writers in residence.




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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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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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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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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.




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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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Los Angeles mansion sells for about $150M, sets state record

A Los Angeles mansion built in the 1930s and seen in the credits for the TV show "The Beverly Hillbillies" has been sold for about $150 million, the highest home price ever in California.




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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.




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Tom Brady looks to score in the Massachusetts housing market

Tom Brady is moving up and down the field as he and the New England Patriots make another postseason run. Away from the gridiron, however, the three-time league MVP is still looking to score big in the real estate market.




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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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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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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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Rangers hit back as row with SPFL continues to rumble

Rangers have accused the Scottish Professional Football League executive of withholding vital information before clubs voted to end the lower-league season and potentially the Premiership campaign.




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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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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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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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Off-duty NYPD cop charged in fatal two-car Brooklyn crash; second driver flees scene

A driver abandoned his wrecked vehicle and left one of his passengers to die after a drunken off-duty cop in a muscle car t-boned his vehicle in Brooklyn early Sunday, police said. NYPD Officer Rohan Shaw was driving a white 2019 Nissan GT-R, zooming east on Foster Ave. just before 5 a.m., when a black 2016 Mazda 6 rolled through a stop sign on E. 55th St. and right into the cop’s path, police said.