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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.




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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.




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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?




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Ischgl, Austria: A Corona Hotspot in the Alps Spread Virus Across Europe

The Austrian winter-sports mecca of Ischgl is well known for its parties. But after helping spread the virus across Europe, the town's reputation is changing to one of incompetence and greed.




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Expected Profits and The Scientific Novelty of Innovation -- by David Dranove, Craig Garthwaite, Manuel I. Hermosilla

Innovation policy involves trading off monopoly output and pricing in the short run in exchange for incentives for firms to develop new products in the future. While existing research demonstrates that expected profits fuel R&D investments, little is known about the novelty of the projects funded by these investments. Relying on data that describe the scientific approaches used by a large sample of experimental drug projects, we expand on this literature by examining the scientific novelty of pharmaceutical R&D investments following the creation of the Medicare Part D program. We find little evidence that the positive demand shock implied by this program prompted firms to undertake scientifically novel R&D activity, as measured by whether the specific scientific approach had been used before. However, we find some evidence that firms invested in products involving novel combinations of scientific approaches. These estimates can inform economists and policymakers assessing the tradeoffs associated with marginal changes in commercial returns from newly developed pharmaceutical products.




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The Human Microchipping Trend Sweeping Sweden

Employees at the Swedish unit of the German travel conglomerate TUI are volunteering to have a microchip implanted in their hands. The technology literally opens doors, but also raises numerous ethical questions.




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Nouriel Roubini on Coronavirus: "This Crisis Will Spill Over and Result in a Disaster"

Economist Nouriel Roubini correctly predicted the 2008 financial crisis. Now, he believes that stock markets will plunge by 30 to 40 percent because of the coronavirus. And that Trump will lose his re-election bid.




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Pandemic Response: Volkswagen Moving to Suspend Production Across Europe

Just as Volkswagen was undergoing a radical restructuring to focus on e-mobility and driverless cars, the company has announced it is shutting down factories across Europe due to the coronavirus. There is hope in China, however.




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Gail Collins: Lots to lose on a cruise




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Robert Kirby: This year just keeps getting worse, but screaming won’t help




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Utah Jazz offer refunds, credits to season-ticket holders for remaining 2019-20 games




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VP Pence’s press secretary tests positive for coronavirus




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Letter: Agriculture secretary is ineffective and clueless




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Fired aircraft carrier captain Brett Crozier takes Navy job in San Diego

The former captain of the USS Theodore Roosevelt was relieved from his duties in response to his concerns about coronavirus spreading on his ship.




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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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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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State backed credit note for package holidays

The Government is to provide a State guaranteed refund credit note for package holidays booked through Irish travel agents and tour operators in effort to help the industry during Covid-19 crisis.




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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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€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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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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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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All in on Flynn: Trump’s cronyism on full display

The nation lurches toward November as a weakened giant. When Americans decide whether to end or extend the tenure of a reckless president, they will also be voting up or down on whether the rule of law and official accountability remain hallmarks of a great republic.




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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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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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From this luxury tower, you’ll see horses cross the finish line

The developer of a 23-story tower near Gulfstream Park in Hallandale Beach envisions a project with 320 condo style rentals and a 140-room hotel.




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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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NYPD tow truck driver’s death in Brooklyn crash blamed on medical problem

The on-duty driver was heading south on Flatbush Ave. near Avenue R in Marine Park around 6 p.m. when he lost control of his truck, said police.




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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.




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Brooklyn teen accused of swiping more than $1 million from dozens of victims in cryptocurrency scam

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.




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Vision uh-oh: Two more pedestrians killed by vehicles in Manhattan and Brooklyn, capping off deadly three days across NYC

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




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Church desecration suspect in custody after Brooklyn priest, altar are splashed with juice during Sunday morning service

A 14-second video captured the unsettling scene inside St. Anthony of Padua Church in Greenpoint as the Rev. Jossy Vattothu presided over the 9:30 a.m. Mass, with the man strolling casually inside the house of worship with a container of juice in his right hand.




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New York ‘ready’ to snuff coronavirus when it lands thanks to training, technology and ‘secret shoppers'

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




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Brutal ‘Bushwick Crew’ member pleads guilty to murdering thieves who tried to rob drug stash

The last suspect in the grisly gang-related Brooklyn murders of two men whose bodies were burned after they were tortured and killed pleaded guilty Friday.




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Brooklyn subway surfer recovering at hospital after doctors amputate crushed foot

Ulises Rivera, 32, had stitches above his right eye and a blood-soaked sheet wrapped around his right leg at Elmhurst Hospital — but otherwise seemed in healthy condition.




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Boy, 7, walking to Brooklyn school with mom killed in crosswalk by driver with suspended license — sixth NYC pedestrian death in five days

The 8:15 a.m. crash at Pennsylvania and Blake Aves. in East New York happened just paces from three neighborhood schools and about two miles from where a 10-year-old girl was fatally struck by a school bus Tuesday, officials said.




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Tears flow, crossing guards and memorial appear at Brooklyn death scene where 7-year-old was fatally injured while walking to school

Folks in the neighborhood where the 7-year-old was struck and killed 24 hours earlier couldn’t help but notice the new arrivals Friday: Two guards positioned at the intersection near a homemade memorial honoring the lost and lovable child.




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Tony-winning actress who lost unborn child in Brooklyn crash pregnant again

Ruthie Ann Miles, a Tony winner who is now a regular on the CBS series “All Rise,” shared the happy news on Instagram.




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SEE IT: Crooks steal cash register from Brooklyn bistro: police

A pair of crooks broke into a Bushwick bistro and swiped the cash register during an early-morning robbery over the weekend, police said Tuesday.




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SEE IT: Crook wears N95 face mask to rob deli of cash and 36 Red Bulls

A pair of crooks smashed their way into a grocery store in Brooklyn and stole the deli’s cash register along with three dozen Red Bulls, cops said.




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Caring New Yorkers increasingly lend a helping hand to neighbors in need as war against coronavirus gets local

While the COVID-19 pandemic keeps New Yorkers separated by face masks and social distancing and self-quarantine, a growing number of city residents are connecting through local mutual aid groups now sprouting across the shuttered boroughs.




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Pair of armed NYC muggers in medical masks use coronavirus pandemic to launch violent crime spree: cops

The heartless bandits with hidden faces are wanted for a violent robbery spree across Brooklyn and the Bronx over the past five weeks that includes beating an 83-year-old man, pistol-whipping a woman and shooting a bread deliveryman who survived a bullet to the pancreas.




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Brooklyn District Attorney Eric Gonzalez says coronavirus crisis has shifted his focus to releasing inmates, rather than locking them up

The fourth-year DA told the Daily News in an interview that his focus has shifted dramatically during the crisis, as trials and grand juries have been put on hold across the state.




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Resilient New Yorkers share messages of hope and support across the city as the war against coronavirus stretches on

New Yorkers leave messages of hope through the coronavirus pandemic.




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SEE IT: Deranged man on rampage stabs two men in Brooklyn, leaving both in critical condition

The mayhem began when the assailant went berzerk inside an apartment building on Dorchester Road and East 21 St. in Flatbush about 10:50 p.m. Saturday, punching and kicking two men before stabbing one multiple times, police said.




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NYC schools chancellor slams critics over abrupt ending to Queens school town hall, calling it a ‘set up’

Critics have slammed the chancellor for making an early exit from a town hall in Bayside last week after two furious parents stood up mid-meeting to demand answers from the schools chief about alleged assaults their middle school children suffered at M.S. 158




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NYC officials ask for help for daycares providing critical services during coronavirus crisis

The small businesses, many of which already run on razor-thin margins, are struggling to make end meet amid the crisis.




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Racial justice groups criticize city teachers union’s use of controversial face recognition technology

The United Federation of Teachers tested security camera technology from a company affiliated with Clearview AI