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2 men arrested in Michigan store shooting over mask dispute

Two men were arrested in a fatal shooting in Flint, Mich.




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Seminal rocker Little Richard, singer of classic “Tutti Frutti” and “Lucille,” dead at 87

The wildly influential singer and pianist established rock ’n’ roll as a genre with just one rule — there are no rules.




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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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The downsides of working from home

How should those now working from home due to the coronavirus deal with guilt and exhaustion?



  • Work & careers

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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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CCPC simplifies merger notification system

The Competition and Consumer Protection Commission (CCPC) has simplified the system for certain mergers to be notified to it.




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Lufthansa seeks €9 billion bailout amid political talks

Lufthansa is negotiating a €9 billion bailout with Germany's economic stabilisation fund to ensure its future, the airline said, confirming an earlier Reuters report.




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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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Over €3.5 billion in prize bonds held at end-2019

Over half a billion euro of prize bonds were sold last year, according to the latest report from the Prize Bond Company.




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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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374 staff at the IAA earned over €100,000 last year

The numbers of staff earning over €100,000 at the Irish Aviation Authority (IAA) last year increased by 31 to 374.




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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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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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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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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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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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Immigration detention is a public health hazard

As physicians who work in New York City hospitals, we are witnessing how COVID-19 is ravaging the communities we serve. The only way to slow this pandemic is to stop the transmission of the disease. Yet despite everything we know about how the virus spreads and the unprecedented sacrifices workers have made to slow the spread, Immigration and Customs Enforcement (ICE) continues to endanger the lives of over 40,000 immigrants in more than 200 jails and prisons nationally. Most people in immigration detention have committed no criminal offense and have been deemed by ICE to pose no danger, yet they are held arbitrarily pending disposition of their asylum claims or deportation orders.




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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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Readers sound off on a historic game, Trump and blue laws

Manhattan: With no sports to watch, I’m relying on my memory for gratification. My greatest sports memory happens to coincide with the great moment in New York Knicks’ history, which happened 50 years ago today, on May 8, 1970, when the team won its first championship.




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How to save the world: A VE Day salute to the men and women who defeated Hitler

The monster who started it, Hitler, was dead, with a coward’s bullet to the head. Also gone was FDR, the man who mobilized a nation and built a worldwide coalition to defeat Germany. As were millions of men who fought in the second war to end all wars to crush an insane regime that had murdered millions of civilian men, women and children, Jew and gentile. Churchill, who stood sometimes alone against the threat, would soon be turned out by the voters.




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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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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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How to enforce social distancing: The NYPD is doing it all wrong

The beating of a young black man by police on the East Village last weekend should trouble all New Yorkers. Even more troubling is that the incident began with officers enforcing the city’s social distancing rules on the first summer-like weekend of the pandemic while white revelers lounged close together, unmolested, in parks nearby. Officers handed them masks instead.




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Donald Trump’s legacy is truth decay

Our country is reeling under the dual onslaught of COVID-19 and runaway unemployment, but there’s one person who’s willing to give President Trump high marks for handing the situation: Donald Trump. “I think in a certain way, maybe our best work has been on what we’ve done with COVID-19,” he mused in an interview this week.




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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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Questioning Tara Reade’s story doesn’t make one a rape apologist: On Joe Biden and #MeToo

Over almost three decades prosecuting criminals, I’ve been threatened, had a Santeria curse put on me, and been called a “fu--ing a--hole” on more occasions than I can count. But until my column for USA Today last week, “Why I’m skeptical about Reade’s sexual assault claim against Biden,” I’d never been called a “rape apologist.”




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Racialized violence never takes a break: On the killing of Ahmaud Arbery

Early May weather finally brought spring relief to my family weary from weeks of dreary weather and sheltering in place. Inexplicably a dance party had broken out; the boys, giddy from the arrival of two rabbits — pandemic pets — were dancing with their grandmother as my wife and I looked on, sipping evening cocktails. Then an absentminded Twitter check confronted me with the shocking video of Ahmaud Arbery, a young black Georgian, being hunted down and killed by two white men.




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GREENE: Same profiling, same brutality, same disrespect — social distancing enforcement shows NYC ‘not as far as we think we are’

As much as Mayor de Blasio wants to pretend these arrests are just a drop in the bucket, from the point of view of those being constantly dropped in the bucket, the city’s heavy-handed coronavirus crackdown is just more of the same.Same profiling. Same brutality. Same disrespect.




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Readers sound off on struggling small businesses, social distancing policing and solving homelessness

Lynbrook, L.I.: The news outlets have not covered the way that the smallest small businesses have been overlooked during the pandemic. As a Schedule C tax filer, I am eligible to collect Pandemic Unemployment Assistance under the CARES Act. I applied for PUA on March 16. I have been certifying for benefits every week. This entire time, my online account with the state Department of Labor says that my case is still pending.




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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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Justice extended, not denied: Gov. Cuomo rightly extends the deadline under which Child Victims Act survivors can face their

Last Feb. 14, Gov. Cuomo signed the Child Victims Act into law. He did it in the newsroom of the Daily News, because it was this paper that, over many years, spotlighted the wrenching cases of people abused as children, perversely prevented from seeking justice as adults.




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Distance learning: Social-distance policing is racially skewed; how to fix it

Seen plenty of people on sidewalks or in parks gallivanting without masks and clustering less than six feet apart? Of course you have, no matter the racial, religious or ethnic composition of the neighborhood; it’s happening everywhere, especially on nice days.




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If dairy is essential, why aren’t my rights? A N.Y. farmworker’s plea

I am proud that companies and farms are donating milk to many people. I am proud because I am one of the workers who helps produce that milk.




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Let the whistles blow: Never mind the Trump administration; listen to those calling out wrongdoing

Add Dr. Rick Bright to the list of coronavirus whistleblowers silenced or sidelined for trying to push truth over politics as we battle this deadly scourge. He was just ousted from his post as director of the HHS agency working on a COVID-19 vaccine for what he claims was his refusal to support a “game-changing” supposed cure President Trump and friends have been touting. CDC chief Robert Redfield suffered a similar rebuke for warning of a second wave of the virus next winter, contradicting the more rosy picture the president wants trying to paint. Not fired (yet), but clearly pressured to toe the line, truth and science be damned.




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Why I’m on a rent strike

My landlord in Stuyvesant Town is the private equity giant Blackstone, which happens to be the world’s largest private landlord. Blackstone sent a letter to tenants on March 30th offering a “rental assistance program” during COVID-19. The program just meant tenants can break their lease and move during a pandemic, use their security deposit (and pay it back later), or commit to paying full rent over a longer period of time, if we can prove we’ve suffered economic loss.




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Trae Young is the perfect Knicks target

The Knicks have the draft picks to make a major swing on the trade market, and the Atlanta point guard makes sense for everyone involved.




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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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Trae Young is the perfect Knicks target

The Knicks have the draft picks to make a major swing on the trade market, and the Atlanta point guard makes sense for everyone involved.




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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.