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Lufthansa seeks €9 billion bailout amid political talks

Lufthansa is negotiating a €9 billion bailout with Germany's economic stabilisation fund to ensure its future, the airline said, confirming an earlier Reuters report.




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Covid-19 impacting 'well-being and relationships'

The Covid-19 outbreak is having a negative impact on personal relationships and well-being, while it has also led to an increase in the consumption of alcohol.




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Demand for bank loans falls sharply amid virus crisis

New research from the Central Bank shows that demand for bank loans has fallen sharply.




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State backed credit note for package holidays

The Government is to provide a State guaranteed refund credit note for package holidays booked through Irish travel agents and tour operators in effort to help the industry during Covid-19 crisis.




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Donohoe says Covid funding can't go on indefinitely

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.




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Did the Paycheck Protection Program Hit the Target? -- by João Granja, Christos Makridis, Constantine Yannelis, Eric Zwick

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.




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A bridge too far: Bill Baroni, Bridget Kelly and Chris Christie committed moral crimes against New Jersey

By the time in 2015 when prosecutors indicted Chris Christie flunkies Bridget Kelly and Bill Baroni for shutting down Fort Lee’s George Washington Bridge lanes for four days in 2013 to punish the mayor for failing to endorse the big man in Trenton’s reelection, the two sick sycophants had long lost their stupid sinecures in the State House and Port Authority. And Christie had already rightly lost the trust of Jerseyans for building the hothouse in which the lichens could grow.




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Losing jobs, saving jobs: As unemployment soars, the nation and individual states try to balance health and economic concerns

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.




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Questioning Tara Reade’s story doesn’t make one a rape apologist: On Joe Biden and #MeToo

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.”




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Office Visits Preventing Emergency Room Visits: Evidence From the Flint Water Switch -- by Shooshan Danagoulian, Daniel S. Grossman, David Slusky

Emergency department visits are costly to providers and to patients. We use the Flint water crisis to test if an increase in office visits reduced avoidable emergency room visits. In September 2015, the city of Flint issued a lead advisory to its residents, alerting them of increased lead levels in their drinking water, resulting from the switch in water source from Lake Huron to the Flint River. Using Medicaid claims for 2013-2016, we find that this information shock increased the share of enrollees who had lead tests performed by 1.7 percentage points. Additionally, it increased office visits immediately following the information shock and led to a reduction of 4.9 preventable, non-emergent, and primary-care-treatable emergency room visits per 1000 eligible children (8.2%). This decrease is present in shifts from emergency room visits to office visits across several common conditions. Our analysis suggest that children were more likely to receive care from the same clinic following lead tests and that establishing care reduced the likelihood parents would take their children to emergency rooms for conditions treatable in an office setting. Our results are potentially applicable to any situation in which individuals are induced to seek more care in an office visit setting.




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Supertall residential building will enter crowded NYC market

A New York City condominium tower will be the world’s tallest predominantly residential building when it opens next year, though it will be competing with other ultra-luxury buildings for billionaire buyers, the building’s developer said Tuesday.




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SEE IT: Video shows random attack on real estate agent in Los Angeles: ‘Seeing my legs in the air, it’s like a movie’

A Los Angeles real estate agent was shoved backwards off a stairway and pinned to the ground by an unknown open house visitor who flashed a chilling smile at a security camera seconds earlier.




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Baseball great Mike Piazza’s new home base: A $5.6 million South Florida condo

Hall of Famer and 12-time All Star Mike Piazza buys a three-bedroom condominium at The Ritz-Carlton Residences, Miami Beach for $5.6 million. The 3,838-square-foot condo has views of Surprise Lake and Biscayne Bay.




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This Florida Keys private island with a rich history is for sale. Asking price: $17 million.

A private island in Islamorada on the Florida Keys is for sale for $17 million. The island is called Terra's Key, after its owner John Terra, and has historical significance dating back to the 1800s.




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Two South Florida mansions offer a taste of the rock star lifestyle

Russ Weiner, the founder of Rockstar Energy Drink, has listed his Miami Beach and Delray Beach mansions for sale. The total asking price: $71.5 million.




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The last home designed by Frank Lloyd Wright sells in Arizona for nearly $1.7 million. Take a look inside.

Out of nearly 20 bids at a public auction for the Norman Lykes House, the winning bid came from a man who lives out of state, Heritage Auctions told The Associated Press.




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Scientologists buy dozens of properties in Florida city, newspaper reports

In a report published Sunday, the Tampa Bay Times said that it discovered the extent of Scientology property purchases by reviewing more than 1,000 deeds and business records and then interviewed more than 90 people to reconstruct the circumstances surrounding the transactions.




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Paint job makes $500,000 Florida home look like cartoon

The home was painted in large patches of extremely bright primary colors with random splatters throughout. The home in the Il Regalo Circle Community in Naples resembles a pre-school play toy or cartoon home.




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Former quarterback Michael Vick lists South Florida home | Photos

Former NFL quarterback Michael Vick is selling his Plantation home, listed at $2.399 million.




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Hoodlums in the ’hood: Where mobsters lived in South Florida

Some of the most infamous mobsters lived in South Florida neighborhoods we call home today, from Miami to Hollywood to Boca Raton.




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Smart Moves: Tips to avoid being house-poor

Demand for first-time homeownership is surging as many late-blooming millennials are finally seeking to settle down. But in some ways, their timing couldn’t be worse. That’s because entry-level homes are in severely short supply, and prices are still ascending.




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Canceled open houses and virtual home tours. Realtors pivot amid pandemic to keep selling homes

Locally, the housing market got off to a great start at the beginning of the year, and all signs seemed to point to a bright spring season. And then the coronavirus struck.




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Virtual tours? A buyers’ market later? How coronavirus is affecting South Florida real estate.

A look at how real estate in South Florida has been affected by the coronavirus pandemic, from virtual tours and technology playing larger in the home-buying process to how the market is expected to react.




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Australian jockey banned for head-butting fellow rider

Australian jockey Luke Tarrant has been given a six-month ban after head-butting fellow rider Larry Cassidy during an altercation at Doomben.




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Two Serie A clubs confirm positive Covid-19 tests

Four Sampdoria players, including one who had previously recovered, and three from Fiorentina have tested positive for coronavirus, the two Serie A clubs announced on Thursday.




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Electricity and Firm Productivity: A General-Equilibrium Approach -- by Stephie Fried, David Lagakos

The lack of reliable electricity in the developing world is widely viewed by policymakers as a major constraint on firm productivity. Yet most empirical studies find modest short-run effects of power outages on firm performance. This paper builds a dynamic macroeconomic model to study the long-run general equilibrium effects of power outages on productivity. The model captures the key features of how firms acquire electricity in the developing world, in particular the rationing of grid electricity and the possibility of self-generated electricity at higher cost. Power outages lower productivity in the model by creating idle resources, by depressing the scale of incumbent firms and by reducing entry of new firms. Consistent with the empirical literature, the model predicts that the short-run partial-equilibrium effects of eliminating outages are small. However, the long-run general-equilibrium effects are many times larger, supporting the view that eliminating outages is an important development objective.




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Optimal Regulation of E-cigarettes: Theory and Evidence -- by Hunt Allcott, Charlie Rafkin

We model optimal e-cigarette regulation and estimate key sufficient statistics. Using tax changes and scanner data, we estimate relatively elastic demand and limited substitution between e-cigarettes and combustible cigarettes. In sample surveys, historical smoking declines for high- and low-vaping demographics were unchanged after e-cigarettes were introduced; this demographic shift-share identification also suggests limited substitution. We field a new survey of experts, who report that vaping is almost as harmful as smoking cigarettes. In our model, these results imply that current e-cigarette taxes are far below the social optimum, but Monte Carlo simulations highlight substantial uncertainty.




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Cops release sketch of suspect in sexual assault of teen inside NYC college bathroom

The 17-year-old victim was entering the bathroom inside the lower level of the library at Kingsborough Community College in Manhattan Beach about 11:35 a.m. Monday when she felt someone coming in behind her, cops said.




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Suspect with knife captured on video in sleeping man’s home may have also slipped into Brooklyn building: police

Cops are looking into the possibility a man who stalked through a Brooklyn home with a knife may have trespassed through another nearby location the night before.




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Man shot during fight inside Brooklyn subway station

The incident happened around 4:30 a.m. on the southbound platform for the B and Q trains inside the 7th Ave-Flatbush Ave. station in Park Slope.




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11-year-old Brooklyn girl dies in fire amid probe into whether her parents abused her, say sources

Shirr Teved was inside her home near Foster Ave. in Flatbush when a fire broke out about 10:30 p.m. Monday.




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Brooklyn fiddler serenades neighbors stuck in coronavirus lockdown

“It’s about the power of music and bringing music to people to get through very difficult times. I think we all really need to do that and really step up for each other," said Dr. Kari Groff.




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‘This is for real’: Videos show bodies loaded into trucks outside coronavirus-struck NYC hospitals

Disturbing videos posted online paint a grim picture on how hospitals seem to be struggling to deal with bodies as they battle against the wave of coronavirus patients.




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Brooklyn Borough President Eric Adams calls for express supermarket lanes for first responders, with Foodtown already onboard

Brooklyn Borough President Eric Adams called Saturday for all New York supermarkets to offer express lane treatment for those heroic New Yorkers on the front lines of the coronavirus pandemic.




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Outraged staff, local residents say Brooklyn nursing home kept dead coronavirus patients in room cooled only by air conditioning

Outraged community leaders joined staffers Tuesday outside the Linden Center for Nursing and Rehabilitation, where demonstrators complained as many as 10 bodies were stored in an unrefrigerated fourth floor dementia unit where the dead reside among the living — and ailing residents are reportedly free to wander.




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She paid $15,000 for mom’s final arrangements — and now worries Brooklyn funeral home stored remains on unrefrigerated U-Haul truck

NYC Mayor de Blasio denounced storing bodies in unrefrigerated and unmanned U-Haul trucks outside of Andrew T. Cleckley Funeral Home on Utica Ave. and Ave. M in Flatlands




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Teen arrested outside Hasidic funeral in Brooklyn as cops seek to enforce social distancing

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.




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Samuel Taylor Coleridge

I have often thought what a melancholy world this would be without children, and what an inhuman world without the aged. Discuss




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Drivers, attendants of NYC’s biggest school bus contractor vote to authorize strike amid contract impasse

Two thousand workers from the Amalgamated Transit Union’s Local 1181 voted overwhelmingly to authorize the strike against their employer, which operates about 900 of the city’s more than 8,000 school bus routes.




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16-year-old student shot in leg outside Queens high school

The teen was shot three blocks from the high school in Queens Village at 2:45 Tuesday afternoon, just after school let out, cops said. The 911 caller described a group of students fighting before the shooting, according to police.




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Parents fight to keep key autism therapy when kids enter NYC schools

Applied Behavior Analysis is administered frequently to 0-3-year-olds in the state’s Early Intervention system.




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CUNY names first Asian-American college president to lead Baruch College

Wu, a former Vice President at George Mason University in Virginia, was voted in unanimously, 17-0, by the city university system’s Board of Trustees Monday night and will take office on July 1.




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Ballooning state aid for private schools subsidized teacher salaries at some of NYC’s most expensive private schools

A fast-growing New York state program that funds math and science teacher salaries at private schools paid out hundreds of thousands of dollars to some of the city’s priciest private schools that can charge over $50,000 a year for tuition, the Daily News has learned.




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Fewer than 8,000 NYC kids in foster care, an all-time low: officials

The results from the city’s annual foster care census showed a precipitous decline from the 1990s, when there were 50,000 kids in foster care, and a continued improvement from 2010, when there were 17,000.




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NYC lawyers push back on state proposal to lower qualifications for special education judges amid shortage

New York City currently has fewer than 70 special education judges — called impartial hearing officers — to handle the thousands of complaints that special education students lodge every year against the city school system, resulting in more than 10,000 still-open cases.




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Agencies urge Gov. Cuomo to boost funding for special education preschool amid shortage

Advocates predict up to 2,000 city youngsters with disabilities may be unable to find an appropriate preschool this spring because of financial constraints that make it harder to hire and maintain teachers for special needs programs.




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NYC school arrests cut in half amid policing reforms

NYPD officers made fewer than 150 arrests in city schools between Oct. 1 and Dec. 31, 2019 — about half the number of arrests cops made during the same months last year.




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Parents, school officials grapple with school attendance policy amid coronavirus fears

Under the policy, middle and high schools may consider attendance records when making admissions decisions — and fourth- and seventh-grade attendance records can be a factor in getting into the city’s most selective public schools.




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NYC foster care groups plead for school bus guarantee for kids who can’t get to class

Nearly 20 groups representing New York City foster kids pleaded with officials to finally guarantee school buses to students in foster care so they no longer have to switch schools because they can’t get to class.




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NYC schools move parent-teacher conferences to phone, videoconference

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.