News From the Control Tower - 11/18/2020

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1. Democracies that failed the Covid test will struggle on climate change

Efforts to address both issues are hampered by externalities and behavioral biases.

2. "Other countries have social safety nets. The U.S. has women."

Anne Petersen interviews sociologist Jessica Calarco about her recent research on mothers grappling with parenting, partners, anxiety, work, and feelings of failure during the pandemic.

The New York Times this week also wrote up an article on this research.

3. Global Financial Stability Watchdog Warns That Markets Remain Vulnerable

The Treasury market seized up in March, and the Financial Stability Board said in a new report that it could happen again.

4. Racism Impoverishes the Whole Economy

While the targets unquestionably suffer the most, denying people equal opportunities diminishes the finances of millions of Americans.

5. Miami Marlins hire Kim Ng as MLB's first female general manager

Ng, who broke into baseball as an intern and also spent time in the Chicago White Sox front office, will be the highest-ranking woman in baseball operations among the league's 30 teams and is believed to be the first female general manager in any of the four major North American men's sports leagues.

Bonus

Chris Nikic, You Are an Ironman. And Your Journey Is Remarkable.

Nikic, 21, became the first person with Down syndrome to conquer the grueling endurance race, offering lessons in perseverance and hope.