Here are three things happening in the markets this week
Is there a doctor in the house?
NYU School of Medicine recently announced that it will provide all new, future, and current students a full tuition scholarship. The scholarship doesn’t cover the rest of the costs associated with college — housing, food, childcare — but it takes $55,018 a year out of the picture.
Read all about it at NPR.
What this means for you: Removing some of the debt associated with medical school will allow students to chase less lucrative, yet socially important, fields of medicine. And if other institutions follow NYU’s lead, that may help put a dent in the dearth of diversity in a field where a little over eight percent of physicians are black and less than seven percent are Latino.
It bears repeating: climate change is real
Climates differ and plants vary, but the basic rule for staple crops grown at the optimal temperature is: for every one degree of warming, yields decline by 10 percent. Which means that if the planet is five degrees warmer at the end of the century, we may have as many as 50 percent more people to feed and 50 percent less grain to give them.
Read tons of pieces on NYMagazine.
What this means for you: Our food landscape will change, and some things may just flat out not exist anymore. We could lose the Bloody Mary, for cryin’ out loud!
Insurance to the rescue?
The private sector is taking over the lion’s share of climate change research these days, in a surprising turn.
Read the whole thrilling report from The Geneva Association.
According to Anna Maria D’Hulster, secretary general of The Geneva Association, the study confirms “that climate change is a topic that has made its way up to the boardrooms of the insurance industry.” The industry is making significant contributions to building socio-economic resilience to climate change and supporting the transition to a low-carbon economy in their role as risk management experts and investors.