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.

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.

President Trump on Friday called the viral video of Ahmaud Arbery’s killing “very, very disturbing,” but he said he’s confident that Georgia’s law enforcement authorities will handle the case properly despite a slow-moving investigation and conflict-of-interest questions surrounding the incident. “So I saw the tape, and it’s very, very disturbing," he said in a Fox New phone interview. “I looked at a picture of that young man. He was in a tuxedo... And I will say that that looks like a really good, young guy.”

Disney World is beginning to spring into action. Disney Springs, the company’s outdoor dining, shopping and entertainment complex near its Florida theme parks, is set to begin a phased reopening on May 20 following closures to reduce the spread of coronavirus.

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

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.

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.

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.

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.

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.

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.

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.

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Wednesday related to the global economy, particular economic sectors, and the workplace.

What are the characteristics of workers in jobs likely to be initially affected by broad social distancing and later by narrower policy tailored to jobs with low risk of disease transmission? We use O NET to construct a measure of the likelihood that jobs can be conducted from home (a variant of Dingel and Neiman, 2020) and a measure of low physical proximity to others at work. We validate the measures by showing how they relate to similar measures constructed using time use data from ATUS. Our main finding is that workers in low-work-from-home or high-physical- proximity jobs are more economically vulnerable across various measures constructed from the CPS and PSID: they are less educated, of lower income, have fewer liquid assets relative to income, and are more likely renters. We further substantiate the measures with behavior during the epidemic. First, we show that MSAs with less pre-virus employment in work-from-home jobs experienced smaller declines in the incidence of `staying-at-home', as measured using SafeGraph cell phone data. Second, we show that both occupations and types of workers predicted to be employed in low work-from-home jobs experienced greater declines in employment according to the March 2020 CPS. For example, non-college educated workers experienced a 4ppt larger decline in employment relative to those with a college degree.

Instead of waking up to wish his daughter the best on her 23rd birthday, Collin Dixon got the phone call every parent dreads.

While an increasing number of criminal suspects are being arraigned by video to prevent the spread of coronavirus, defendants’ families often sit on crowded courthouse benches waiting for their relatives’ arraignments.

The beloved 49-year-old priest, born in Mexico City, passed away Friday evening at the Wyckoff Medical Center in Brooklyn, the diocese said. Father Jorge, as he was known to worshippers, served as the diocesan coordinator of the ministry for Mexican-Americans among his other duties.

Hospital police initially issued Lundy a disorderly conduct summons after the attack and released her. On Thursday NYPD cops arrested her for manslaughter and assault.

The funeral was held for Rav Yosef Kalish, 63, an Amshinover rebbe who was hospitalized with COVID-19 last week and died Sunday morning, The Associated Press reported.

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.

The scene on 43rd St. between 13th Ave. and 14th Ave. unfolded at about 4 p.m. Thursday as mourners flouted social distancing norms to attend what was supposed to be a private funeral at the home of Rabbi Cheskel Wagshel, 95, said a family friend.

Antonio Rivera, accused of getting high in East New York amidst a group of people ignoring the city’s pandemic policies, was sent tumbling to the street when he came at one of the NYPD cops making arrests. The video shows police placing Rivera in handcuffs as he was lying on the ground behind their car.

Advocates have long protested the lack of special education pre-K classes for 3- and 4-year-olds, which is federally mandated, even as the city invests millions in universal pre-K.

City middle and high school students streamed off buses and trains, buzzing with excitement for the afternoon’s entertainment. For some, it was the first chance to see a Broadway show.

In a letter, the group noted that past pandemics show large-scale social restrictions that keep people physically separated can make the most difference if done before the illness becomes widespread.

The bulk of students taking the test do so before starting Kindergarten—an aspect of the process critics say privileges parents with the money and savvy to prepare their young kids for the high-stakes exams.

Repeat Software, a UK software developers has awarded distribution to QBS Distribution ("QBSD"), a European software distributor based in Wembley, London.

Sligo's busy Quayside Shopping Centre promotes its shops and events on four display screens throughout the centre, keeping shoppers updated with dynamic content.

The GAA's management committee and chairpersons from each county board will meet remotely today to discuss the future of the 2020 All-Ireland Championships.

We develop a model of financial crises with both a financial amplification mechanism, via frictional intermediation, and a role for sentiment, via time-varying beliefs about an illiquidity state. We confront the model with data on credit spreads, equity prices, credit, and output across the financial crisis cycle. In particular, we ask the model to match data on the frothy pre-crisis behavior of asset markets and credit, the sharp transition to a crisis where asset values fall, disintermediation occurs and output falls, and the post-crisis period characterized by a slow recovery in output. We find that a pure amplification mechanism quantitatively matches the crisis and aftermath period but fails to match the pre-crisis evidence. Mixing sentiment and amplification allows the model to additionally match the pre-crisis evidence. We consider two versions of sentiment, a Bayesian belief updating process and one that overweighs recent observations. We find that both models match the crisis patterns qualitatively, generating froth pre-crisis, non-linear behavior in the crisis, and slow recovery. The non-Bayesian model improves quantitatively on the Bayesian model in matching the extent of the pre-crisis froth.

President Trump on Friday called the viral video of Ahmaud Arbery’s killing “very, very disturbing,” but he said he’s confident that Georgia’s law enforcement authorities will handle the case properly despite a slow-moving investigation and conflict-of-interest questions surrounding the incident. “So I saw the tape, and it’s very, very disturbing," he said in a Fox New phone interview. “I looked at a picture of that young man. He was in a tuxedo... And I will say that that looks like a really good, young guy.”

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

Five Saracens players have apologised after they were pictured breaking social distancing rules on Monday.

Jenny Murphy believes Irish women's rugby has not developed enough in the time period since the senior team's historic Grand Slam win in 2013.

Quantum physics impacts the technology students use every day. Use these resources from NOVA broadcasts, NOVA Digital, and What the Physics!? to introduce quantum concepts to your classroom.

The gargantuan structures hint at a massive explosion in our galaxy’s past.

This month, NOVA is hosting three events that will dive into how autonomous vehicles work, how they may change the way we live, and whether we will ever be able to entrust them with our lives.

Mathematical modeling and AI can pick out patterns preceding epidemics that human brains can’t readily discern.

Leonardo da Vinci dissected some 30 cadavers in his lifetime, leaving behind a trove of beautiful—and accurate—anatomical drawings.

A giant tortoise, a seabird, and a gecko all went undetected by scientists for more than a century.

The 1918 pandemic has lessons for the 2020. Namely, we got through it. And social distancing works.

As COVID-19 spreads across the United States, only a few areas are breaking down the numbers of infections and deaths by racial and ethnic groups.

In America, the healthiest are by no coincidence also the wealthiest. The poor, the disabled and people of color get the short end of the stick.

Meat processing plants have shut down as COVID-19 cases turned up among workers and inspectors. Trump's solution? Force the shuttered plants to reopen.

Hours after Kobe Bryant's death, speculators were registering domain names connected to the tragedy. Merchandise tied to the Lakers legend is in heavy demand.

In an attempt to keep the matter under wraps, the Los Angeles County Sheriff's Department quietly ordered deputies to delete any photos of the Kobe Bryant helicopter crash scene after a citizen complained that a deputy was showing the gruesome images at a Norwalk bar, two public safety sources with knowledge of the events said.

How do you honor Mom on Mother's Day when you can't get close enough to give her a hug? Here are a few tips for connecting on a meaningful level.