In the wake of Hurricane Sandy, necessity has bred an interesting kind of financial invention for the New York MTA: the world’s first “catastrophe” bond - a reinsurance for the insurer - designed to protect public transportation infrastructure, specifically against storm surge. These bonds privatize risk for public gain, creating a kind of tool that may protect economic development against all kinds of natural and man-made disasters around the world.
Read MoreRefugio, Texas was ravaged by Hurricane Harvey, leaving behind damaged houses, schools and businesses and people who can not afford to rebuild their lives. However, this town has used its community and found strength in their love of football and their support of one another to keep moving forward.
Read MoreThousands of researchers across the world have been displaced by war. They struggle to resume their work as refugees in a foreign country. Yet, numerous organizations are trying to help at risk scholars by offering fellowships to help them continue their work.
Read MoreFEMA’s response to Puerto Rico post-Hurricane Irma has been the “longest sustained domestic airborne food and water mission in the nation’s history. The agency has never distributed more food or installed more generators.” However, due to bureaucracy and delayed decision making, there are still thousands of Puerto Ricans who have not received aid, or were underserved.
Read MoreIn countries like Cambodia, Angola, and Mozambique, rats are saving lives by detecting untriggered land mines. An international nonprofit, Apopo, provides funding a training and works with local organizations to operate at the local level. The rats are light enough that they don’t trigger the explosives and can cover up to 2,000 square feet in just 20 minutes – something that would take a human up to four days to complete.
Read MoreSouth Korea has reported a reduction of new coronavirus cases thanks in part to rapid government regulations, widespread testing, and increased transparency. While other countries, such as the United States, have made a practice of only testing those showing symptoms, South Korea's success is linked to broader testing, contact tracing and alerting those who have possibly been in contact with an infected person.
Read MoreRather than send local residents to city-run testing sites in the East Bay of California, clinics in East Oakland are now running their own testing sites to better serve their community. Although one of the sites has already tested nearly 100 people and residents who are underinsured or uninsured can be tested for free, some believe the effort should have started much sooner.
Read MoreHealth officials in North Carolina have shown that contact tracing can successfully identify those who have been exposed to COVID-19. The efforts of the contact tracers in one county resulted in 35 people being quarantined after an exposure to the virus during a child's birthday party, however that was only possible because of those individuals "were willing to be open and honest and forthcoming."
Read MoreThe state of Vermont has been able to keep COVID-19 cases to a minimal, at least in part by focusing on offering preventive protections for the most at-risk and vulnerable – such as the unhoused. The state's response has included "state-supported housing for the homeless, hazard pay, meal deliveries, and free, pop-up testing in at-risk communities," all of which prioritize high-risk populations rather than those who can easily self-isolate at home.
Read MoreThe CARES Act was meant to help small businesses, including hospitals, find financial stability during the coronavirus pandemic, but confusing guidelines and a lack of oversight have impeded the success. This reality has been especially difficult for rural hospitals, some of which "have left millions in relief aid untouched, spiraling deeper into debt for fear that the wrong decision could force them to return money."
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