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US data to underscore divide between market and economy

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.




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Inequality of Fear and Self-Quarantine: Is There a Trade-off between GDP and Public Health? -- by Sangmin Aum, Sang Yoon (Tim) Lee, Yongseok Shin

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.




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Brooklyn woman rescues rooster in Park Slope, dubs bird ‘Elizabeth Warrhen’

A Brooklyn woman discovered a wayward rooster living on the streets in Park Slope, and took it home in hopes of finding out who he belonged to.





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Sen. Elizabeth Warren applauds NYC Council bills requiring pay hikes for local workers

Elizabeth Warren touted her own “universal workers’ bill of rights" and said of New Yorkers, "I’m glad to see people who are picking up this idea at the state level."




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Gary Sanchez, Luis Severino and Dellin Betances among Dominican stars helping Pedro Martinez with coronavirus relief

Dominican Yankees and Mets stars are working with Pedro Martinez to respond to the coronavirus pandemic in their homeland.




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Artificial intelligence can now bet, bluff, and beat poker pros at Texas hold ’em

The breakthrough suggests that bots can navigate complex games involving multiple stakeholders and hidden information—situations that better approximate the real world than two-player board games.




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Fossil finger points to a surprising link between humans and Denisovans

New findings suggest Neanderthals evolved their unusually broad fingers after they split from Denisovans, just 400,000 years ago.




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Lab-grown mini-brains highlight developmental differences between humans and great apes

In a new study, brain-like organoids made from human cells were slower to mature than their chimpanzee and macaque counterparts.




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Editorial: Congress is moving fast on a coronavirus economic rescue — for better and worse

The stimulus plan passed the Senate. Now it's up to government to get the money flowing quickly and transparently.




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Editorial: Bernie Sanders changed the Democratic Party for the better. Now it's his job to help defeat Trump

Sanders leaves the presidential race with some major accomplishments.




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Editorial: We were caught flat-footed by COVID-19. How can we do better?

The coronavirus outbreak is exposing weaknesses in our planning for such disasters, and offers a chance to rethink how we do many things.




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Why we're all getting to know ourselves a little better in quarantine

All this time at home has a side effect: A chance to learn more about ourselves and the people we're with. Here's how to have your a-ha moment.




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Ailing USC looks to get better on and off the court

USC has lost five of its last seven games, leaving the Trojans on the bubble for the NCAA tournament. Two of their starters are also dealing with illness.




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UCLA and USC continue to be underrated in betting markets

USC and UCLA play Arizona and Arizona State this week on the eve of the Pac-12 tournament. All have performed well against the spread lately.




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Looking back at the epic 2006 Rose Bowl game between USC and Texas

L.A. Times Rams beat reporter Gary Klein recalls covering the 2005 BCS national championship game between USC and Texas, which is considered one of the greatest games ever played.




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Former Angels outfielder Jim Edmonds feeling better after coronavirus diagnosis

Former Angels and St. Louis Cardinals standout Jim Edmonds was hospitalized after testing positive for the coronavirus, but he says he is feeling better.




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The New Federal Rules Will Better Protect Students Accused Of Sexual Assault

The Trump administration says new rules announced on Wednesday will better protect students accused of sexual assault and harassment, but critics say they will make it harder for survivors to report.




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HCQ in Hospitalized COVID-19 Patients: No Better, No Worse?

(MedPage Today) -- There was no difference in risk of intubation or death in hospitalized patients with COVID-19 coronavirus infection treated with hydroxychloroquine, an antimalarial also used in the treatment of certain autoimmune diseases, compared...




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Gary Bettman says NHL can find 'credible' way to finish regular season and award Stanley Cup

Commissioner Gary Bettman, who suspended the NHL season this week because of the coronavirus pandemic, believes the league can finish the season in a sensible way.




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Gary Bettman says it might not be possible to complete NHL season normally

NHL commissioner Gary Bettman acknowledges finishing the regular season and playoffs might not happen because of COVID-19 outbreak. A third Avalanche player tests positive.




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Gary Bettman says the NHL is leaning against games in non-league cities

Commissioner Gary Bettman said the NHL is leaning against staging games in non-league arenas if it resumes the season. One option could be playing in two to four selected NHL cities.




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Gary Bettman says NHL willing to delay next season by two months to finish 2020

NHL Commissioner Gary Bettman said the league remains determined to finish the season and is willing to delay the start of next season by two months to do so.




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Gary Sanchez, Luis Severino and Dellin Betances among Dominican stars helping Pedro Martinez with coronavirus relief

Dominican Yankees and Mets stars are working with Pedro Martinez to respond to the coronavirus pandemic in their homeland.




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How newcomer Mookie Betts instantly became a clubhouse leader for the Dodgers

With one heartfelt speech, Mookie Betts established himself as a Dodgers leader by emphasizing the focus needed to win a World Series must begin in the spring.




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Dodgers star Mookie Betts continues to deal with a stomach ailment

Dodgers right fielder Mookie Betts didn't report to spring training on Saturday because of a stomach ailment. He could be back in the lineup Monday.




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Dodgers' Mookie Betts back in action after brief bout with food poisoning

Mookie Betts wasn't too worried when he became ill at the end of last week. While the country was dealing with the growing COVID-19 outbreak, he was dealing with food poisoning.




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Mookie Betts might never play for the Dodgers under MLB agreement on service time

Superstar acquisition Mookie Betts could leave the Dodgers without ever playing a game for them if the season is canceled because of the coronavirus crisis.




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White Christmas! Betty White will star in Lifetime holiday movie

On Thursday, the female-focused, basic cable channel announced that the 98-year-old Hollywood legend will star in an untitled film where her character helps ready would-be Santas for the holidays.




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Sen. Elizabeth Warren applauds NYC Council bills requiring pay hikes for local workers

Elizabeth Warren touted her own “universal workers’ bill of rights" and said of New Yorkers, "I’m glad to see people who are picking up this idea at the state level."




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Betty Wold Johnson, mother of Jets owners, dies at 99

Betty Wold Johnson, the mother of Jets owners Christopher Johnson and Woody Johnson, has died. She was 99 years old.




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Gary Sanchez, Luis Severino and Dellin Betances among Dominican stars helping Pedro Martinez with coronavirus relief

Dominican Yankees and Mets stars are working with Pedro Martinez to respond to the coronavirus pandemic in their homeland.




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Betty Wold Johnson, mother of Jets owners, dies at 99

Betty Wold Johnson, the mother of Jets owners Christopher Johnson and Woody Johnson, has died. She was 99 years old.




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Former UCLA gymnast Danusia Francis believes postponed Olympics will be even better

Former UCLA gymnast Danusia Francis is looking forward to "another year to get stronger, another year to get more confidence" amid the Olympics postponement.




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Flat fire - Lambeth

firefighters attend cooking fire




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L.A. Affairs: I thought we'd get married. But a house came between us

I wasn't going to plead or beg her to stay. I felt my actions of the past week — and during the more than three years we had been together — had done all my talking for me.




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Gigi Caruso began to hear the world better at 14. Now she's advocating for those who can't

Gigi Caruso, who was born with bilateral hearing loss, isn't just a fashion designer or USC student. She's helping those who can't fully hear.




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Op-Ed: In Tibet, it's a crime to even talk about the value of mother-tongue education

Persecution in Tibet: More schools use Chinese as the main teaching language, denying a people their culture. Dare to question the policy and land in prison.




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Column: Whatever happened with Tara Reade in 1993, Biden is still infinitely better than Trump

Joe Biden is a flawed individual with a penchant for unwanted touching. Here's why I'll vote for him anyway.




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Editorial: LAPD had better come clean about shocking beating of an unarmed Boyle Heights man

This is no time for LAPD to "manage" public anger. It is a time to come clean.




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Editorial: Betsy DeVos hits the reset button on campus sexual harassment rules

In a rare bit of reasonable regulatory activity by the Trump administration, new rules governing sexual assault accusations at colleges strike the right balance -- for the most part.




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Letters to the Editor: A memorable Passover celebration at 'Temple Beth Zoom'

With social distancing a must, this year's virtual celebration will be long remembered.




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Oscar odds: Bet safe, win small. Bet crazy, probably lose crazy

From safe bets to long shots, a veteran oddsmaker walks us through the 2020 Oscars odds and tells us why Joaquin Phoenix is worth only $5.




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Actress JoBeth Williams and director John Pasquin buy Pacific Palisades retreat

After asking $30 million for their Bel-Air abode, actress JoBeth Williams and director John Pasquin have bought a Pacific Palisades home for $9.8 million.




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Amazon bets on electric truck maker Rivian

In its first big electric vehicle investment, Amazon is leading a round of fundraising by pickup and SUV start-up Rivian.




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Must Reads: The crowd-sourced, social media swarm that is betting Tesla will crash and burn

It's a sunny day in March and "Machine Planet" is flying a single-engine Cessna over Northern California.




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Review: 'Deerskin' is an entrancingly warped love story between a man and his jacket

Jean Dujardin and Adèle Haenel star in "Deerskin," director Quentin Dupieux's latest darkly absurdist comedy.




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Artists, live industry brace for a year without concerts: 'Is there a better place for spreading disease?'

Epidemiologists and government officials agree that large-scale concerts and festivals can't be safely held until 2021, a crushing blow.




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How L.A. artist Wayne White captured the 'curdled American dream' for the cover of X's 'Alphabetland'

L.A. punk band X tapped famed "word painter" Wayne White to create the striking cover art for its new album, "Alphabetland."




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What's on TV Friday: 'Betty' premieres on HBO; Coronavirus

What's on TV Friday, May 1: 'Betty' premieres on HBO; Coronavirus; wedding day on 'Magnum PI'; season finale of 'Charmed'; movies on TV; TV talk shows