We propose a novel measure of bond market liquidity that does not depend on transaction data: the strength of the cross-sectional relationship between mutual fund cash holdings and fund flow volatility. Our measure captures how liquid funds perceive their portfolio holdings to be at a given point in time. The perceived liquidity of speculative grade and Rule 144A bonds is significantly lower than investment grade bonds in the cross section and deteriorated significantly following the 2008-9 financial crisis. Our measure can be applied in settings where either transaction data are not available or transactions are rare, including the markets for asset-backed securities, syndicated loans, and municipal bonds.

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.”

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.

There are a heck of a lot of reasons not to.

The new material could have applications in robotics and medicine.

The threat of mercury in seafood was curbed with regulations, but climate change could drive levels back up.

The virus simmered quietly in Cuba for about a year before infecting thousands.

The breakthrough could mean that fewer organs go to waste before they make it into a transplant recipient.

In the largest Arctic expedition yet, researchers will gather as much data as they can on the fading ice—and climate change.

A glimpse into the lives of the MOSAiC mission’s polar bear guards—and the powerful predators they watch for.

Thwaites Glacier is melting fast. But to understand how climate change is driving its decline, scientists need to send instruments through 2,000 feet of ice into the water below.

As a professional international downhill mountain biker, and now commentator, Andrew 'Needles' Neethling brings 18 years of experience in all aspects of the cycling industry into podcast form.
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Another hit of blurry goodness.
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Wildfires brought evacuations in the Florida panhandle.

The Supreme Court allows livestreaming of oral arguments. The next step should be cameras.

There's plenty of lightly used street space available that could be dedicated to exercise and the pursuit of fresh air.

Both the Lakers and Clippers have engaged in trade talks with the New York Knicks for forward Marcus Morris, but will a deal be made before the deadline?

The Clippers added another scoring dimension by acquiring Knicks forward Marcus Morris and accomplished it with a minimum of disruption.

In a signal of going all-in for an NBA title, the Clippers pulled off a series of trades that culminated in the acquisition of Marcus Morris.

The Clippers have their sites set on a championship run with the addition of forward Marcus Morris, but his debut might have to wait.

Marcus Morris, acquired by the Clippers from the Knicks, won't play Saturday against the Timberwolves in Minnesota. The team also waived Isaiah Thomas.

The Clippers will soon feature a new lineup with Marcus Morris, but on Saturday it was new-look Minnesota that dominated from the start to win 142-115.

In a 133-92 blowout win, the Clippers dealt Cleveland its largest margin of defeat at home in Cavaliers history as Marcus Morris had several highlight plays.

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.

As the Clippers struggle to find continuity, Reggie Jackson and Marcus Morris hope their arrivals don't throw off the team's rhythm.

Kawhi Leonard scored 30 points, Paul George added 24 as the Clippers overcome defensive issues in a 136-130 victory over the Philadelphia 76ers.

Marcus Morris has struggled with his shooting since joining the Clippers, and after a tough outing against the Lakers, he's blaming no one but himself.

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.

La historia de Kobe Bryant y Michael Jordan compartiendo la cancha por última vez el 28 de marzo de 2003, cuando el muchacho anotó 55 puntos y el "G.O.A.T." tuvo 23

The shutdown situation can be uniquely hard on married couples. Here's how to help your marriage survive coronavirus.

COVID-19 fears kept me home and on the way to gaining back the 30 pounds I lost last year. Then I picked up my VR headset and got moving.

The White House says in a statement that it wants to make sure "NCAA student athletes are treated fairly without harming the integrity of college sports."

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.

More humans may be exercising more flexibility and cooperation, in vaster global numbers, than at any other time in human history.

Cogswell, who died April 20, was executive director of the Louis Armstrong House Museum, which houses journals, trumpets, tapes, photographs and other artifacts. Originally broadcast in 2001.

Joe Biden has vowed to pick a woman as running mate. L.A. Mayor Eric Garcetti will help the presumptive Democratic presidential nominee in his search.

Drag queen D.J. "Shangela" Pierce talks about RuPaul's Drag Race and the new HBO series, We're Here.

Three editors are joining The Times, and some veterans are taking on new roles in a revamped Calendar department.

Building owner Amazon Realty Group must also pay the $126,000 in damages to the residents of 219, 221 and 223 W. 24th St., and let them back in their homes, said the ruling by Housing Court Judge Jack Stoller.

Rafael Vasquez, 39, was winning the fistfight against a 23-year-old man whose name was not released, said the witnesses and sources. As they continued to slug it out on Walton Ave. near Elliot Place in Mt. Eden, the 23-year-old pulled out a gun and opened fire, said law enforcement sources.

Rondell Russell, 22, was taken into custody soon after he shot 48-year-old Otis Adams during a confrontation at Russell’s building on Powell St. near Pitkin Ave. in Brownsville, part of NYCHA’s Seth Low Houses, about 10:10 p.m. Thursday.

According to the NYPD, there have been 374 social distancing-related arrests since COVID-19 restrictions were put in place. Of that number, 304 of the arrests have been of African-American or Hispanic people.

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.

The Kings locked up a cornerstone piece of their future Wednesday by agreeing to terms with former first-round draft pick Alex Turcotte on a three-year entry level contract.

NHL players have been told they can return home and self-isolate there until the end of March while hockey is on hold amid the coronavirus pandemic.

The Dodgers offered refunds to people who bought tickets to home games in March and April that were canceled because of the coronavirus shutdown.

The book that Duchess Meghan read to her son in Wednesday’s viral video was a gift from the media maven, who attended the Sussexes’ wedding back in 2018.