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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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Vanessa Bryant files legal claim over images from Kobe Bryant chopper crash: report

The claim seeks damages in connection with the release of cellphone pictures taken by Los Angeles County Sheriff’s deputies at the scene of the Jan. 26 tragedy in Calabasas.




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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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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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Dave Checketts on his wild tenure running the ’90s Knicks

Time has been extremely kind to Checketts' Knicks tenure.




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Office Visits Preventing Emergency Room Visits: Evidence From the Flint Water Switch -- by Shooshan Danagoulian, Daniel S. Grossman, David Slusky

Emergency department visits are costly to providers and to patients. We use the Flint water crisis to test if an increase in office visits reduced avoidable emergency room visits. In September 2015, the city of Flint issued a lead advisory to its residents, alerting them of increased lead levels in their drinking water, resulting from the switch in water source from Lake Huron to the Flint River. Using Medicaid claims for 2013-2016, we find that this information shock increased the share of enrollees who had lead tests performed by 1.7 percentage points. Additionally, it increased office visits immediately following the information shock and led to a reduction of 4.9 preventable, non-emergent, and primary-care-treatable emergency room visits per 1000 eligible children (8.2%). This decrease is present in shifts from emergency room visits to office visits across several common conditions. Our analysis suggest that children were more likely to receive care from the same clinic following lead tests and that establishing care reduced the likelihood parents would take their children to emergency rooms for conditions treatable in an office setting. Our results are potentially applicable to any situation in which individuals are induced to seek more care in an office visit setting.




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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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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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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.




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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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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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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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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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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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Plans for a Wu-Tang Clan theme park in Seoul

Jimmy S. Kang opens his laptop and shows the Wu-Tang theme park that he is negotiating in Seoul, which has special relevance to him as his family emigrated from South Korea when he was 4 years old.




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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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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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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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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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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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‘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.




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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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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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First signs of disruption appear in housing; markets ‘calm’

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Wednesday related to the global economy, particular economic sectors, and the workplace.




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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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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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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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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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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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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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Hanover card kicks off German racing's return

Majestic Colt landed the first Listed prize of the German season as racing sparked back to life at Hanover on Thursday.




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Koeman issues upbeat update after health scare

Netherlands manager Ronald Koeman is feeling "fit as a fiddle" after undergoing a heart procedure in Amsterdam at the weekend, the former Everton and Southampton boss confirmed.




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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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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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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.




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Happy 85th birthday to Jack Charlton

On the occasion of Jack Charlton's 85th birthday, we have dug out a special message to the legendary manager, recorded by Ardal O'Hanlon and the late Dermot Morgan for a special tribute edition of Kenny Live




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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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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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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.