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.

New research from the Central Bank shows that demand for bank loans has fallen sharply.

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.

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.

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.

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?

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.

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.

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.

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.

There were two Reggies in New York City.

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.

There were two Reggies in New York City.

Dwayne Wade's home features a chef-caliber kitchen, multiple formal and informal living areas, a master suite, wine room, elevator, professional theater and — of course — a basketball court.

Hall of Famer and 12-time All Star Mike Piazza buys a three-bedroom condominium at The Ritz-Carlton Residences, Miami Beach for $5.6 million. The 3,838-square-foot condo has views of Surprise Lake and Biscayne Bay.

Switzerland paid $3.48 million for a four-bedroom, 5,300-square-foot condo in the Pinnacle building in downtown Chicago.

A private island in Islamorada on the Florida Keys is for sale for $17 million. The island is called Terra's Key, after its owner John Terra, and has historical significance dating back to the 1800s.

Out of nearly 20 bids at a public auction for the Norman Lykes House, the winning bid came from a man who lives out of state, Heritage Auctions told The Associated Press.

Airbnb was dealt another setback in one of its most important markets Tuesday as voters in a New Jersey city just a few minutes by train from the tourist sights of Manhattan approved restrictions on short-term rental companies in a hard-fought referendum.

Major players in commercial real estate, construction and organized labor are teaming up with the United Way to try to place thousands of and minorities into trade careers in Chicago, where there is both a shortage of skilled labor and a dearth of jobs in swaths of the city.

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.

Former NFL quarterback Michael Vick is selling his Plantation home, listed at $2.399 million.

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.

As important as sober homes are to the effort to address a statewide crisis at the local level, many neighborhoods prefer not to be a part of that mission.

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.

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

The Cheltenham horse racing festival should probably not have been allowed to go ahead last month shortly before Britain went into lockdown due to the Covid-19 pandemic, Horse Racing Ireland CEO Brian Kavanagh has said.

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.

We develop a multi-risk SIR model (MR-SIR) where infection, hospitalization and fatality rates vary between groups—in particular between the “young”, “the middle-aged” and the “old”. Our MR-SIR model enables a tractable quantitative analysis of optimal policy similar to those already developed in the context of the homogeneous-agent SIR models. For baseline parameter values for the COVID-19 pandemic applied to the US, we find that optimal policies differentially targeting risk/age groups significantly outperform optimal uniform policies and most of the gains can be realized by having stricter lockdown policies on the oldest group. For example, for the same economic cost (24.3% decline in GDP), optimal semi–targeted or fully-targeted policies reduce mortality from 1.83% to 0.71% (thus, saving 2.7 million lives) relative to optimal uniform policies. Intuitively, a strict and long lockdown for the most vulnerable group both reduces infections and enables less strict lockdowns for the lower-risk groups. We also study the impacts of social distancing, the matching technology, the expected arrival time of a vaccine, and testing with or without tracing on optimal policies. Overall, targeted policies that are combined with measures that reduce interactions between groups and increase testing and isolation of the infected can minimize both economic losses and deaths in our model.

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.

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.

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.

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.

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.

Shirr Teved was inside her home near Foster Ave. in Flatbush when a fire broke out about 10:30 p.m. Monday.

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

Christian Pacheco, 42, was wrongly convicted in the racially-motivated Latin Kings killing of Lemuel Cruz, who died in December 1995 at a Brooklyn club called El Sabor Latino. Pacheco was nabbed by cops as he was trying to save Cruz's life. “I don’t regret helping him — honestly, I don’t. That’s the kind of person that I am," Pacheco told reporters Thursday.

Mervyn Affoon, who taught at the Academy of Hospitality and Tourism at hospitality at Erasmus Hall High School in Flatbush, is accused of sexually abusing the teen about 15 times between March 2017 and June 2017.

More than 200 mourners filed into the Love Fellowship Tabernacle church in East New York Thursday night for Payson Lott’s wake and funeral. The youngster was struck and killed by an unlicensed driver as he crossed a street in his neighborhood.

Patient Jessica Ellision recalled how she broke down and sobbed Monday when she finally received her medication after a three-hour wait — much of it in the crowded hallway where she feared the other patients might be infected. “It was so intense and so stressful, and you feel like you worked so hard not to be sick, but this is it now — this is how it happens,” said Ellison, 39, of the Bronx.

A Brooklyn federal magistrate denied Genaro Garcia Luna release from prison due to coronavirus, saying he was a flight risk.

Runners are using their legs for deliveries now.

The last thing Jorge Cruz ever did was ask for a cup of hot tea. By the time it was cool enough for a sip, he was dead -- apparently from coronavirus.

Wilfredo Cervantes, 52, an artist and poet from Puerto Rico, was found dead inside his second-floor apartment on Jefferson Ave. near Ralph Ave. in Bedford-Stuyvesant on Wednesday evening.

Staff at New York City’s two federal jails, defense attorneys and inmates interviewed by the Daily News say the official numbers of COVID-19 cases obscure the magnitude of the crisis behind bars.

Roberto Correa, born and raised in Brooklyn, looms in his Sunset Park neighborhood as a prominent and popular figure: He owns The Booth NYC, a local clothing store/recording studio, and is a well-known local activist.

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.

Two thousand workers from the Amalgamated Transit Union’s Local 1181 voted overwhelmingly to authorize the strike against their employer, which operates about 900 of the city’s more than 8,000 school bus routes.

The hefty payout comes after the federal Justice Department filed a lawsuit against the city Education Department in 2016 for allowing a “pattern and practice of discrimination” to flourish at Pan American High School during the 2012-13 school year.

Carranza made an early exit from a community meeting in Bayside last week after two parents demanded answers about violent incidents at Marie Curie Middle School. “I in no way want to show disrespect to any parent that wants to be heard, and I apologize because as a parent myself, I can only imagine the pain parents are feeling when their children have been hurt,” he said.