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.

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.

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.”

There were two Reggies in New York City.

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.

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.

Like anyone who has ever spruced up their home, Melania Trump will have a few new touches to showcase Friday when guests visit the White House for only the second state dinner of the Trump presidency.

Most buyers, understandably, would want to know if a violent death occurred in the houses they are considering.

The sprawling Baltimore County home once inhabited by Orioles stars Cal Ripken Jr. and Adam Jones is back on the market after less than six months.

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.

Monday's planned resumption of racing in Germany has been delayed, with the opening eight-race card at Dortmund postponed.

The boy was walking behind a building on Coyle St. near Ave. U in Sheepshead Bay at about 6 p.m. Jan. 25, when the robber ran up on the youngster from behind, police said Sunday.

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.

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.

Inmates were coughing and sneezing, and guards wore no personal protective equipment, said Hassan Chunn, 46, who fears the disease is spreading through the Metropolitan Detention Center.

Manhattan fifth-grader Vale Esposito took home top honors during the first day of the Daily News spelling bee Tuesday, despite being one of the youngest contestants on stage.

School officials tweeted the meetings can take place by phone or videochat, but no longer in-person. If parents can’t reach their kids’ teachers during their scheduled conference times, schools will try to accommodate them later this month, officials said.

Many of the city's foster youth were thrust into uncertainty last week when CUNY ordered them out of their dorms due to coronavirus. Unlike their peers, these students have no childhood bedrooms to return to, and often no families who can help them through the shutdown of the economy or the closing of their colleges.

As a single parent of five young children with two iPads and no computers at home, she’s had to ration both her own attention, and her kids’ time with the devices.

Sigrid Nunez, 69, authored the National Book Award-winning novel “The Friend," which depicts a woman’s grief over the death of a close friend as she cares for his dog. She’s among 175 recipients of this year’s grants, which aim to give awardees the financial freedom to pursue their creative work.

Plans to restructure the league system in Scotland have broken down following a meeting of Scottish Premiership clubs.

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.

Gov. Cuomo said he understands the worries of those out of work during the coronavirus pandemic — but the sentiment offered little solace to those who have been watching their bank accounts dwindle for weeks with no relief in sight.

Altruism is alive and well. So is the desire to protect one’s self-image.

A bacterial “probiotic” may enhance athletic performance. But it’s a long way from being ready for use in humans.

Researchers eroding clay in water may have uncovered secrets of meteorites’ aerodynamic stability.

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

Life as a banker, backflips gone wrong, mountain bike career decisions and what it's like to ride with other pros.
( Photos: 1, Comments: 7 )

Just when President Trump started to rise to the challenge of leading a nation through the coronavirus pandemic, he slips back to his old, tired tricks.

California's order might seem like a big deal. But what we don't know about this virus, which is a lot, means the risk of inaction is too high.

Some states are using the coronavirus pandemic as an excuse to cut off abortion access. That's unacceptable.

Trump's demotion of the inspector general who was going to monitor coronavirus spending marks his continued drive to put his own interests above the nation's.

Psychiatrist Kenneth Rosenberg's film brings together many strands of American dysfunction: mental healthcare, incarceration, homelessness, policing, race. It provides few answers but helps us ask the right questions.

The Clippers acquired Marcus Morris not only to complement Kawhi Leonard and Paul George when the roster is at full strength but also to fill the void when it is not.

Nearly one month after the death of Kobe Bryant, the NBA announced the Lakers and Clippers will play a rescheduled game on April 9.

Veteran guard Reggie Jackson always wanted to play alongside Paul George. He gets his chance now with a Clippers team aiming for an NBA title.

Positive initial feedback from the "NBA 2K" Players Tournament suggests it could be a viable alternative moving forward, organizers said.

Anthony Davis never felt quite the way he did in a game four years ago, the kind of place that's almost indescribable, when he had 59 points and 20 rebounds.

Lakers coach Frank Vogel isn't sure when the NBA season will resume or what it will look like once it does, but he has tried to keep his coaches ready for the possibility.

Former Laker and current Denver Nugget Troy Daniels can't do much basketball-wise right now because he doesn't have a home court.

As anticipated, the NBA suspended its draft lottery and combine indefinitely amid the ongoing coronavirus shutdown.

Teens are experiencing grief as they miss out on milestones such as prom and graduation because of COVID-19. Here are some things parents can do to help.

When USC guard Jonah Mathews beat UCLA with a last-second shot, he hoped it would be the start of a magical March run. Instead, it was the final game of his career.

USC football players looking forward to pro day will not get the chance to participate in it because of the coronavirus pandemic.

Dispatch from the pandemic: Circumstances have forced my family to practice extreme social distancing

The days run together during the coronavirus quarantine, but a jigsaw puzzle and a brief family moment help define them.

Like everything else, street protest during a pandemic has to take other forms.

For years, the Hollywood Chamber of Commerce has been asking people to pay to use the image of the Hollywood sign — which it doesn't own or control.

The Angels nixed a trade that would have brought in Ross Stripling and Joc Pederson. They have enough offense, but could use more pitching.