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.

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.

Jay Cutler and Kristin Cavalarri have chopped the price of their Tennnessee mansion to $4.95 million.

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

Chicago real estate experts bust myths portrayed by home improvement shows, from actors subbing in as buyers to unrealistically low renovation costs.

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.

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.

U.S. sales of existing homes cratered 8.5% in March with real estate activity stalled by the coronavirus outbreak.

Real estate data suggests the market took a downturn in March that might already be rebounding. Here's what experts predict.

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

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.

The Flat racing calendar in the northern hemisphere remains mired in uncertainty, but in one jurisdiction the first Classics of the season have been staged as the coronavirus pandemic rages.

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

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.

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

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

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.

Racing in France is poised to return as planned on Monday after the Paris police gave permission to resume racing at ParisLongchamp.

Racing in Germany will restart at Hanover on Thursday after being given clearance from the authorities.

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

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.

Sporting events in the Netherlands will have to take place without fans in attendance until there is a vaccine for coronavirus, Health Minister Hugo de Jonge said.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

The survey of more than 700 people in Sen. Andrew Gounardes’ district — which stretches from Bay Ridge to Manhattan Beach — found that half of those who take the subway to work need to transfer at least once during their commutes.

The city withheld explosive allegations of racism against two high-ranking NYPD cops accused of demanding arrests of black and Hispanic people, an attorney charged Friday.

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

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.

Yousef Selassie, 19, pleaded not guilty to first-degree grand larceny, identity theft and other charges at his Manhattan Supreme Court appearance for the lucrative scheme that operated from January through May this past year.

An angry man broke a glass door at Junior’s restaurant in Brooklyn before fleeing in a BMW, police said Wednesday.

The 33-year-old woman was shot in the chest and leg by the man in an apartment on Rockaway Pkwy. in Brownsville.

The Friday morning deaths capped off a deadly three days across the city.

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.

A Brooklyn woman discovered a wayward rooster living on the streets in Park Slope, and took it home in hopes of finding out who he belonged to.

The suspects jumped one of the victims near Herkimer St. and Nostrand Ave. in Bedford-Stuyvesant about 3 a.m. Dec. 21.

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.

Sometime after 911 was called, the 63-year-old victim — whose name has not been released — went into his bedroom to put out the fire. He soon passed out amid the smoke and flames, officials said. Responding firefighters and EMTs pulled him out of the apartment. "He was badly burned," said a neighbor.

The frightening incident happened Wednesday around 8 a.m., on 55th St. between 14th Ave. and New Utrecht Ave. in Borough Park, according to Ezra Friedlander, who shared the video on Twitter.

The defendants were linked in a 15-page Manhattan court filing with a cornucopia of crimes committed between 2010-19, from murder to robbery, wire fraud to kidnapping, and drug dealing to identity theft.

New York health agencies says they're prepared for the coronavirus.

A Brooklyn woman was slashed in the face with a knife by an enraged passenger after her child threw up on a city bus.