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.

The coronavirus is forcing us to keep our distance from other people. Yet these extraordinary times have also brought forth moments of warmth and solidarity. People are offering each other words of encouragement and banding together to fight their loneliness.

The Chinese metropolis of Wuhan spent weeks in complete lockdown to stop the spread of the novel coronavirus. Now, it is reopening its shops and restaurants. But the people remain fearful and cautious.

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.

German multinational Bayer underestimated the risks of acquiring Monsanto. Now, the company is desperately seeking to contain the damage by selling business divisions and cutting jobs. So far, though, none of these moves have helped.

The coronavirus crisis has forced another 3.2 million Americans to file for jobless aid, bringing the total number to 33.5 million in the seven weeks since the pandemic forced millions of companies to close and layoff huge amounts of staff.

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.

Supporters for Ahmaud Arbery, the unarmed black jogger who was fatally shot by two white men on a Georgia road in broad daylight, are planning to run 2.23 miles Friday to celebrate what would be his 26th birthday and call for justice in the case. Organizers of the virtual run are asking people to go for a walk, jog or run and post a photo, video or written message on social media with the hashtag #IRunwithAhmaud.

Fox News pundit mocks 'experts,' encourages Americans to get out there and 'have some courage'

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.

Gregory McMichael, 64, and his 34-year-old son Travis have been charged with murdering Arbery.

Officers killed three civilians in three separate incidents within hours of each other.

Broward County Sheriff Gregory Tony is getting a political baptism by fire in an election that reads like a Hollywood screenplay with racy photos, a secret decades-old killing and a bitter union fight.

A Southwest jet traveling from Dallas fatally struck a person as it touched down at a Texas airport Thursday night, authorities said.

California is slated to be refunded the $247 million it paid to a Chinese car company under a massive $1 billion deal for face masks, which were not federally certified by the agreed upon deadline.

A day after a father and son were charged in the February killing of unarmed jogger Ahmaud Arbery, a Georgia official promised a thorough probe into the case and said the man who filmed the horrific incident is also under investigation. In a news conference Friday morning, Georgia Bureau of Investigation Director Vic Reynolds said “every stone will be turned over" and if the facts lead agents to make another arrest “they will do that.”

Veterans are being hit hard by unemployment due to the coronavirus pandemic.

Chris Cornell’s widow is firing back at her husband’s Soundgarden bandmates, calling the lawsuit they filed against her Wednesday an attempt to “browbeat” her into giving up “copyrighted works.”

Ohio State University will pay about $41 million to settle a dozen lawsuits by 162 men alleging sexual abuse by a team doctor, Richard Strauss.

A Boeing 737 ran over a man who was on an Austin, TX runway

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.

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.

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.

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.

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.

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.

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.

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.

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.