b

DER SPIEGEL Football Leaks Exclusive: Cristiano Ronaldo Rape Allegation

An American woman goes to the police in Las Vegas. She claims she has been raped by an athlete: global football star Cristiano Ronaldo. What really happened has never been resolved because lawyers settled the case with a payment of $375,000 by the Real Madrid star. By SPIEGEL Staff




b

Social Design Award: Transition Movement Promotes a More Sustainable World

Community gardeners and other activists in Berlin are helping the Transition movement to take root in the German capital as part of its worldwide campaign for a sustainable society.




b

Social Design Award: Vote for the Best Neighborhood Project

Waffles for everybody, a children's hotel, a community beer garden: We have narrowed down the Social Design Award submissions to a shortlist of 10. Which one is your favorite? It's time to submit your vote for the Audience Award.




b

Astronomer Avi Loeb on the Interstellar Body 'Oumuamua

Astronomer Avi Loeb believes that the interstellar object dubbed 'Oumuamua could actually be a probe sent by alien beings. Given the evidence that has so far been gathered, he says, it is a possible conclusion to draw.




b

Interview with Lawyer of Football Leaks Informant Rui Pinto

Rui Pinto is the whistleblower behind Football Leaks and has been in jail in Portugal for months. In an interview, his lawyer William Bourdon talks about how his client is doing and what he is doing to get Pinto out of prison.




b

FC Barcelona, a Shell Company and Messi's Father

The London-based company Sidefloor was part of the tax-evasion structure for which Lionel Messi and his father Jorge were convicted. Now it has been revealed that FC Barcelona spent years paying agent fees to this letterbox company, payments apparently destined for Jorge Messi.




b

Billie Eilish Talks about Depression and How She Copes with Stress

In an interview, 17-year-old American pop star Billie Eilish discusses the stress of fame, a time she feared was a never-ending black hole and the best coping mechanism.




b

Blind trust

Guest Post: We are currently living in a world of eroding trust and it is time to rethink what, and how we trust.



  • <a href="https://blog.apnic.net/category/tech-matters/">Tech matters</a>

b

How to: Build an XDP based BGP peering router

Guest Post: XDP allows you to build a high-performance peering router using just Linux, while leveraging various open-source routing daemons.



  • <a href="https://blog.apnic.net/category/tech-matters/">Tech matters</a>

b

Germany: The Big Wave of Corona Cases Will Hit Hospitals in 10 to 14 Days

The German health-care system is considered one of the best in the world. But the coronavirus is mercilessly exposing its weaknesses, with some hospitals already facing difficulties. Can Germany prevent the kind of collapse seen in Italy?




b

Coronavirus: Germany Imposes Tougher Restrictions on Public Life

Germany's federal and state governments have agreed to further tighten restrictions on public life. Here's an overview of what's now allowed and what's not.




b

Corona: German Cabinet Agrees to 750 Billion Euros in Emergency Aid Measures

The German cabinet on Monday agreed to an unprecedented aid package to prop up the country's economy as the coronavirus pandemic takes hold. Parliament is set to approve the package later this week.




b

German Ventilator Manufacturer: "Absolutely Mission Impossible"

Drägerwerk is a world leader in the production of ventilators. In an interview, company head Stefan Dräger, 57, discusses the challenges of keeping up with current demand as the corona crisis accelerates.




b

The Price of Life: Novel Coronavirus Is Forcing a Taboo Debate

Some in Germany have the impression that the country can survive a long-term lockdown without suffering any grave consequences. That thinking is dangerous.




b

Germany Is Failing in its Efforts To Obtain Protective Gear

The German government failed to obtain enough protective masks for the country. That's one of the reasons Germany has so far refused to require its citizen's to wear them in public. But those facial coverings could be critical in lifting restrictions on public life.




b

When Will Germany Begin Loosening Coronavirus Restrictions?

All of Germany is looking forward to Easter this year, with hopes that the government will soon be able to loosen coronavirus restrictions. But will it? And if so, which ones? By DER SPIEGEL Staff




b

Corona Crisis: We Should Be Adopting Stricter Measures, Not Loosening the Lockdown

People are growing increasingly impatient over the coronavirus lockdown, and politicians are now debating whether to loosen measures. From a scientific point of view this is a disaster. Measures should actually be tightened until we know more about the virus.




b

The February Revolution

The February Revolution was the first of two revolutions in Russia in 1917. Though spontaneous and poorly organized, the revolution resulted in the abdication of Tsar Nicholas II, the end of the Romanov dynasty, and the start of a new, provisional government. It resulted from a number of factors—low confidence in the monarchy, a looming famine, and a series of failures in World War I, which Russia was ill-equipped to fight. How did Rasputin help to spur the revolution, even though he was dead? Discuss




b

Health vs. Wealth? Public Health Policies and the Economy During Covid-19 -- by Zhixian Lin, Christopher M. Meissner

We study the impact of non-pharmaceutical policy interventions (NPIs) like “stay-at-home” orders on the spread of infectious disease. NPIs are associated with slower growth of Covid-19 cases. NPIs “spillover” into other jurisdictions. NPIs are not associated with significantly worse economic outcomes measured by job losses. Job losses have been no higher in US states that implemented “stay-at-home” during the Covid-19 pandemic than in states that did not have “stay-at-home”. All of these results demonstrate that the Covid-19 pandemic is a common economic and public health shock. The tradeoff between the economy and public health today depends strongly on what is happening elsewhere. This underscores the importance of coordinated economic and public health responses.




b

Did COVID-19 Improve Air Quality Near Hubei? -- by Douglas Almond, Xinming Du, Shuang Zhang

Ambient pollution is a byproduct of economic activity. It has been widely reported that COVID-19 and associated lockdowns have generated large improvements in air quality worldwide, including to China's notoriously-poor air quality. We analyze China's official pollution monitor data and account for the large, recurrent improvement in air quality following Lunar New Year (LNY), which essentially coincided with lockdowns in 2020. With the important exception of NO2, China's air quality improvements in 2020 are smaller than we should expect near the pandemic's epicenter: Hubei province. Compared with LNY improvements experienced in 2018 and 2019 in Hubei, we see smaller improvements in SO2 while ozone concentrations increased in both relative and absolute terms (roughly doubling). Similar patterns are found for the six provinces neighboring Hubei. We conclude that whether COVID-19 actually decreased pollution in China depends on the pollutant and reference period considered.




b

Global Behaviors and Perceptions at the Onset of the COVID-19 Pandemic -- by Thiemo R. Fetzer, Marc Witte, Lukas Hensel, Jon Jachimowicz, Johannes Haushofer, Andriy Ivchenko, Stefano Caria, Elena Reutskaja, Christopher P. Roth, Stefano Fiorin, Margarita G

We conducted a large-scale survey covering 58 countries and over 100,000 respondents between late March and early April 2020 to study beliefs and attitudes towards citizens’ and governments’ responses to the COVID-19 pandemic. Most respondents reacted strongly to the crisis: they report engaging in social distancing and hygiene behaviors, and believe that strong policy measures, such as shop closures and curfews, are necessary. They also believe that their government and their country’s citizens are not doing enough and underestimate the degree to which others in their country support strong behavioral and policy responses to the pandemic. The perception of a weak government and public response is associated with higher levels of worries and depression. Using both cross-country panel data and an event-study, we additionally show that strong government reactions correct misperceptions, and reduce worries and depression. Our findings highlight that policy-makers not only need to consider how their decisions affect the spread of COVID-19, but also how such choices influence the mental health of their population.




b

Is the Supply of Charitable Donations Fixed? Evidence from Deadly Tornadoes -- by Tatyana Deryugina, Benjamin M. Marx

Do new societal needs increase charitable giving or simply reallocate a fixed supply of donations? We study this question using IRS datasets and the natural experiment of deadly tornadoes. Among ZIP Codes located more than 20 miles away from a tornado's path, donations by households increase by over $1 million per tornado fatality. We find no negative effects on charities located in these ZIP Codes, with a bootstrapped confidence interval that rejects substitution rates above 16 percent. The results imply that giving to one cause need not come at the expense of another.




b

Generosity Across the Income and Wealth Distributions -- by Jonathan Meer, Benjamin A. Priday

Despite widespread interest, there is little systematic evidence on the relationship between income, wealth, and charitable giving. We use the Panel Study of Income Dynamics to provide descriptive statistics on this relationship. We find that, irrespective of specifica­tion, donative behavior increases with greater resources.




b

Inequality and the Safety Net Throughout the Income Distribution, 1929-1940 -- by James J. Feigenbaum, Price V. Fishback, Keoka Grayson

We explored two measures of inequality that described the full income distribution in cities. One measure is an income gini based on family incomes in 1929 for 33 cities and in 1933 for up to 48 cities in 1933 were spread throughout the country. We also estimated gini coefficients that made use of contract rents for renters and implicit rents for home owners for up to 955 cities throughout the country. We were able to expand to all counties when looking at a top-end inequality measure, the number of taxpayers per family. All three measures varied substantially across the country. We show the correlations between the various measures and also estimate the relationship between the measures and various relief programs developed by governments at all levels during the period.




b

The Spread of Coronavirus: Eastern Europe Prepares for the Inevitable

Many countries in Eastern Europe are taking drastic measures to slow the spread of COVID-19 -- in part because their health-care systems may not be up to the task.




b

European Union: What Brussels Can Do to Beat the Virus

The European Commission is limited in what it can do to combat the spread of the SARS-CoV-2 virus, but this only makes it more imperative for Brussels to set the correct priorities.




b

Calls for Corona Bonds Met with Familiar "Nein"

The danger of a new euro crisis is growing. Weak member states like Italy need help if they're going to survive the coronavirus lockdown financially. But the call for euro bonds has been met with stiff resistance -- especially from the Germans.




b

Germany Must Abandon Its Rejection of Eurobonds

The German government's rejection of eurobonds is selfish, small-minded and cowardly. Existing mechanisms will not be enough to contain the crisis we are facing. We need to act now.




b

Euro Bonds or Bust? Europe Struggling to Find a Joint Approach to the Corona Catastrophe

Faced with a growing economic crisis, many European Union member states are clamoring for the introduction of so-called corona bonds. Just like it was in the euro crisis, though, Germany is opposed. In the end, Berlin may not have a choice. By DER SPIEGEL Staff




b

Coronavirus: Il rifiuto tedesco degli Eurobond è non solidale, gretto e vigliacco

L'Europa è più di una mera alleanza di egocentrici. Non esistono alternative agli Eurobond in una crisi come questa.




b

Coronavirus: El rechazo alemán de los eurobonos es insolidario, mezquino y cobarde

Europa es más que una coalición de ególatras. En una crisis como esta no existe alternativa para los eurobonos.




b

Portugal: How Lisbon Has Managed the Corona Crisis

While Spain continues to battle a dire coronavirus outbreak, the situation is vastly better in neighboring Portugal. But why?




b

European Commissioner Paolo Gentiloni: "The EU Cannot Afford to Get Bogged Down in Past Discussions"

On Thursday, European leaders will discuss how to navigate the block through the economic crisis triggered by the novel coronavirus. In a DER SPIEGEL interview, European Commissioner Paolo Gentiloni talks about what is at stake and the need to find at least 1 trillion euros.




b

Interest Rate Uncertainty as a Policy Tool -- by Fabio Ghironi, G. Kemal Ozhan

We study a novel policy tool—interest rate uncertainty—that can be used to discourage inefficient capital inflows and to adjust the composition of external accounts between short-term securities and foreign direct investment (FDI). We identify the trade-offs faced in navigating between external balance and price stability. The interest rate uncertainty policy discourages short-term inflows mainly through portfolio risk and precautionary saving channels. A markup channel generates net FDI inflows under imperfect exchange rate pass-through. We further investigate new channels under different assumptions about the irreversibility of FDI, the currency of export invoicing, risk aversion of outside agents, and effective lower bound in the rest of the world. Under every scenario, uncertainty policy is inflationary.




b

Free tools include discussions about US Constitution

This week's update of free resources to support remote learning includes a video series from the National Constitution Center -More




b

Groups seek $200B for education in coronavirus bill

A group of 90 education and other groups wrote a letter to US lawmakers Wednesday asking for $200 billion in federal funding  -More




b

Long-held inequities a problem during remote instruction

The recent, rapid shift to remote learning has helped to reveal the stark -- and long-held -- inequities that exist among stu -More



  • Technology in the Classroom

b

The Environmental Bias of Trade Policy -- by Joseph S. Shapiro

This paper documents a new fact, then analyzes its causes and consequences: in most countries, import tariffs and non-tariff barriers are substantially lower on dirty than on clean industries, where an industry’s “dirtiness” is defined as its carbon dioxide (CO2) emissions per dollar of output. This difference in trade policy creates a global implicit subsidy to CO2 emissions in internationally traded goods and so contributes to climate change. This global implicit subsidy to CO2 emissions totals several hundred billion dollars annually. The greater protection of downstream industries, which are relatively clean, substantially accounts for this pattern. The downstream pattern can be explained by theories where industries lobby for low tariffs on their inputs but final consumers are poorly organized. A quantitative general equilibrium model suggests that if countries applied similar trade policies to clean and dirty goods, global CO2 emissions would decrease and global real income would change little.




b

China Eases Back Toward Normality Three Months after Outbreak

Twelve weeks after the outbreak of the coronavirus epidemic in China, leaders in Beijing are gradually reopening the country. But how can they be sure their decision won't backfire?




b

Coronavirus in South America: What the Death of a Maid Means for Brazil

Well-off Brazilians have brought the coronavirus back home with them from their travels. Many of them also employ domestic workers from the country's favelas - who they're apparently unwilling to protect by telling them to stay home. Brazil's poorest class could make easy quarry for the disease.




b

The COVID-19 Battle: A Look at the Treatments Currently Being Used against the Coronavirus

In the fight against COVID-19, doctors and health workers are testing drugs and treatments whose efficacy has been proven against other illnesses. We take a look at the most prominent ones and the early findings.




b

German Foreign Minister Heiko Maas: I Find It Appropriate that Every Member State First Acted Nationally

In an interview with DER SPIEGEL, German Foreign Minister Heiko Maas, 53, criticizes the U.S., China and Hungary for their handling of the coronavirus pandemic. He also promises not to abandon Italy and explains why he doesn't want to say that he's actually in favor of corona bonds.




b

Corona: "You Need the Sledgehammer" To Bring Down Infections

In an interview, Hong Kong-based epidemiologist Gabriel Leung explains why he considers a rapid lifting of contact bans and social distancing measures to be irresponsible. The corona crisis, he believes, will be with us for a long time.




b

The Value of Time: Evidence From Auctioned Cab Rides -- by Nicholas Buchholz, Laura Doval, Jakub Kastl, Filip Matějka, Tobias Salz

We estimate valuations of time using detailed consumer choice data from a large European ride hail platform, where drivers bid on trips and consumers choose between a set of potential rides with different prices and waiting times. We estimate consumer demand as a function of prices and waiting times. While demand is responsive to both, price elasticities are on average four times higher than waiting-time elasticities. We show how these estimates can be mapped into values of time that vary by place, person, and time of day. Regarding variation within a day, the value of time during non-work hours is 16% lower than during work hours. Regarding the spatial dimension, our value of time measures are highly correlated both with real estate prices and urban GPS travel flows. A variance decomposition reveals that most of the substantial heterogeneity in the value of time is explained by individual differences as opposed to place or time of day. In contrast with other studies that focus on long run choices we do not find evidence of spatial sorting. We apply our measures to quantify the opportunity cost of traffic congestion in Prague, which we estimate at $483,000 per day.




b

Steering Incentives of Platforms: Evidence from the Telecommunications Industry -- by Brian McManus, Aviv Nevo, Zachary Nolan, Jonathan W. Williams

We study the trade-offs faced by Internet Service Providers (ISPs) that serve as platforms through which consumers access both television and internet services. As online streaming video improves, these providers may respond by attempting to steer consumers away from streaming video toward their own TV services, or by attempting to capture surplus from this improved internet content. We augment the standard mixed bundling model to demonstrate the trade-offs the ISP faces when dealing with streaming video, and we show how these trade-offs change with the pricing options available to the ISP. Next, we use unique household-level panel data and the introduction of usage-based pricing (UBP) in a subset of markets to measure consumers' responses and to evaluate quantitatively the ISP's trade-offs. We find that the introduction of UBP led consumers to upgrade their internet service plans and lower overall internet usage. Our findings suggest that while steering consumers towards TV services is possible, it is likely costly for the ISP and therefore unlikely to be profitable. This is especially true if the ISP can offer rich pricing menus that allow it to capture some of the surplus generated by a better internet service. The results suggest that policies like UBP can increase ISPs' incentive to maintain open access to new internet content.




b

Capitals dump Brendan Leipsic for trashing women and teammates in leaked private chat

Brendan Leipsic talked his way out of a job.




b

Gary Sanchez, Luis Severino and Dellin Betances among Dominican stars helping Pedro Martinez with coronavirus relief

Dominican Yankees and Mets stars are working with Pedro Martinez to respond to the coronavirus pandemic in their homeland.




b

Yankees president Randy Levine is beating the drum for baseball’s return

Levine is making the rounds to make the case for baseball in the time of the coronavirus pandemic.




b

Joe Castiglione, a childhood Yankees fan turned longtime Red Sox broadcaster, talks about the great rivalry that is currently on pause

Joe Castiglione saw his first baseball game in the Bronx.




b

Optimal Bailouts and the Doom Loop with a Financial Network -- by Agostino Capponi, Felix C. Corell, Joseph E. Stiglitz

Banks usually hold large amounts of domestic public debt which makes them vulnerable to their own sovereign’s default risk. At the same time, governments often resort to costly public bailouts when their domestic banking sector is in trouble. We investigate how the interbank network structure and the distribution of sovereign debt holdings jointly affect the optimal bailout policy in the presence of this "doom loop". Rescuing banks with high domestic sovereign exposure is optimal if these banks are sufficiently central in the network, even though that requires larger bailout expenditures than rescuing low-exposure banks. Our findings imply that highly central banks can use exposure to their own government as a strategic tool to increase the likelihood of being bailed out. Our model thus illustrates how the "doom loop" exacerbates the "too interconnected to fail" problem in banking.