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.

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.

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?

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.

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.

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

Joe Castiglione saw his first baseball game in the Bronx.

This paper investigates the effect of a large negative agricultural shock, the boll weevil, on black-white inequality in the first half of the twentieth century. To do this we use complete count census data to generate a linked sample of fathers and their sons. We find that the boll weevil induced enormous labor market and social disruption as more than half of black and white fathers moved to other counties following the arrival of the weevil. The shock impacted black and white sons differently. We compare sons whose fathers initially resided in the same county and find that white sons born after the boll weevil had similar wages and schooling outcomes to white sons born prior to its arrival. In contrast, black sons born after the boll weevil had significantly higher wages and years of schooling, narrowing the black-white wage and schooling gaps. This decrease appears to have been driven by relative improvements in early life conditions and access to schooling both for sons of black fathers that migrated out of the South and sons of black fathers that stayed in the South.

We explore whether minimum wage increases result in substitution from lower-skilled to slightly higher-skilled labor. Using 2011-2016 American Community Survey data (ACS), we show that workers employed in low-wage occupations are older and more likely to have a high school diploma following recent statutory minimum wage increases. To better understand the role of firms, we examine the Burning Glass vacancy data. We find increases in a high school diploma requirement following minimum wage hikes, consistent with our ACS evidence on stocks of employed workers. We see substantial adjustments to requirements both within and across firms.

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.

Freelancers and small companies are getting hit especially hard by the corona crisis. DER SPIEGEL has learned that the federal government is planning a massive financial aid package. It would mark the end of Germany’s balanced budget policy.

Am I required to work if I can't find alternative childcare with daycare centers now closed? Will I still get my salary? What happens to my health insurance? Answers to the most pressing questions about labor law in times of the coronavirus.

The corona crisis has hit the German economy at full force. Already, 470,000 applications have been filed for a German government subsidy that prevents employees from getting laid off, 20 times more than the previous record during the 2009 financial crisis.

Weather extreme enough to shatter records across large swaths of the U.S. is heading our way this weekend, just in time for Mother’s Day. A storm system heading into the Northeast on Friday will smash into the polar vortex as it makes swing down from the Arctic, reported NBC News. This might sock the region in with heavy, wet snow all the way into New England.

Things were not OK.

Former NFL star Brett Favre said Wednesday he would repay the state of Mississippi $1.1 million after a state auditor discovered the Mississippi Department of Human Services paid the ex-quarterback for speaking engagements that never happened.

Californians venturing onto the beach after a month of lockdown are being greeted with the ethereal sight of bioluminescent waves from an algae bloom.

A California dad allegedly tossed his baby daughter off a “steep cliff” to her death after he stabbed the child’s mom and a bystander who tried to help, relatives and police said.

Audio recordings of two 911 calls placed moments before Ahmaud Arbery was killed confirm that at least two people were concerned that a black man was running in their Georgia neighborhood.

An extensive search was launched Thursday for a teenager who allegedly stabbed his younger brother to death in the Florida Keys community of Islamorada, authorities said.

Gov. Cuomo is down with Robert De Niro portraying him in a movie about the coronavirus pandemic, should there be one, and he also took a moment to play the role of the Manhattan-born actor.

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.

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.

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.

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.

He is preparing for the 2020 NBA Draft in a year where basketball is no longer the same.

The Fells Point house that played Meg Ryan’s character’s home in 1993's “Sleepless in Seattle" is for sale, with an asking price of $575,000.

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.

Trump vividly recalls the overtures he made to rebuild the 39-story tower in the early 2000s and posits that he could have done a better job with the $2.3 billion project, which took about three years longer than anticipated and came in more than $400 million over budget.

New England Patriots quarterback Tom Brady and his wife, Gisele Bundchen, reportedly have wrapped up their house hunting in Greenwich, settling on a seven-bedroom, nearly 15,000-square-foot estate.