First to Feel COVID-19's Impact, Chinatown is First to Deliver Aid for Small Business

Low-income students are always looking for ways to finance their education. A new system using “human capital contracts” to pay for higher education isn’t as scary as it sounds.

54 million people in the United States, and 4.5 billion globally, have no credit to their name - making it nearly impossible for them to buy homes, apply for jobs and receive loans. Investors and lenders make an effort to help those with 'invisible credit' scores in financing essentials like homes or cars.

Government benefits to aid the poor are frequently left unclaimed, leaving children hungry, young people unable to finish school, and opportunities for stable housing and preventative health care unused. New York City-based program Single Stop connects people to benefits for which they may be eligible. Importantly, Single Stop has served community colleges where disadvantaged students can use the assistance to help get through school.

When you don’t live in a city, if you don’t have a car, you don’t have a job. But car payments can eat up a salary quickly - a New England program offers low-cost car loans to people who need them most.

Felons get out of jail owing hundreds or thousands of dollars in court and parole fees, acting as an often insurmountable barrier preventing them from reintegrating into society and staying out of jail. What's worse, these fees often end up costing the state more than they produce. Two columns on a program called the Clapham Set, which erases or reduces debts for felons who take classes and job training.

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.

In a country of limited resources — and perhaps for that very reason — preparing for natural disasters is top of the agenda in Bangladesh. Various grassroots, collaborative programs have been put in place over the years to help address many facets of the calamities caused by cyclones, from improved emergency shelters to long-term support for those who lose their livelihoods in the storms.

Summer in the Northwest presents a great risk of wildfires. A pile burning operation, just one facet of the strategy that Oregon has enacted to conserve its forests, clears undergrowth to lessen the risk of mega-fire. The work stimulates the local economy and provides employment, but it's also a very small part of what needs to be done.

This is a column on an important new development program in use in at least 40 developing countries: give the poor cash payments, contingent on their use of health clinics and their children’s school attendance, to help break the cycle of poverty.

After the drought hit Australia in the early 2000s, city officials had to start thinking seriously about ways to conserve and creatively store their water. External tanks became the solution, storing rain runoff to create an available source of water for Melbourne residents. This solution may not fit every location, but there are other teachable lessons such as taking radically shorter showers.