2018
March
13
Tuesday

Monitor Daily Podcast

March 13, 2018
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The United States has a new top diplomat, and we’ll get to that change in a moment. But here’s a longer-term shift that caught our eye: Between 2010 and 2015 the money held by women grew from 28 percent to 30 percent of all global wealth. That's modest progress that’s likely to continue, says the Boston Consulting Group.

Even more interesting is that women tend to make different moral choices – and often smarter ones – when they control the wealth, says a recent Economist article. Men tend to be overconfident. Women tend to seek advice, and they outperformed men in the markets by one percentage point each year, according to one study.

Here’s another difference: Women tend to care about others. Surveys show women want financial returns and social or environmental returns. For some wealthy women that means investing in women. They’re using a “gender lens” to choose stocks. While social investing has gotten a bad reputation for involving more risk and lower returns, that isn’t always true. Studies show that companies with more women in the top jobs perform better than those without. In fact, paying attention to gender equity is often an indicator of good company management.

Now to our five selected stories, reporting on what might be a voter shift on gun rights in Colorado, melding justice and motherhood in Costa Rica, and a new test of sustainable suburban living in the Sunshine State.


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Today’s stories

And why we wrote them

Jonathan Ernst/Reuters
US Secretary of State Rex Tillerson participated in a national space council at the National Air and Space Museum's Udvar-Hazy Center in Chantilly, Va., in October 2017. His last day in the post will be March 31.

Relationships matter. The US secretary of State builds relationships with other nations. But the relationship between Rex Tillerson and his boss, President Trump, wasn’t on solid ground. That’s partly why the next top US diplomat will be someone with a closer working bond with the president.

For at least two decades, rarely has a Republican challenged the National Rifle Association on gun rights. But in the wake of the Parkland, Fla., school shooting, one Colorado district may be indicative of a change afoot.

Mariana Bazo/Reuters
An incarcerated mother carries a child at a nursery school inside Santa Monica women's prison in Lima, Peru, in 2016.

When a mother goes to jail, should her child join her? There are no easy answers to the moral, educational, and safety concerns raised by this question. About half the countries in the world say a mother’s love trumps all other concerns. Our reporter looks at how Costa Rica handles this issue.

Can suburbia be the cutting edge of sustainability? Our reporter visits Babcock Ranch, where a Florida developer just opened the first phase of an eco-friendly solar-powered community.

Karen Norris/Staff

Points of Progress

What's going right

This story is less about guilt than about an evolving sense of global justice: the art-collecting world is making amends for old cultural thefts.


The Monitor's View

AP Photo
The official basketballs of the NCAA.

March Madness, the college basketball tournament, dazzles fans with tradition and pageantry, unexpected heroes and goats, and memorable moments. This stunning exhibition of athleticism and competitive desire will dominate American sports from now until the April 2 championship game.

But beneath the glamour of big-time college basketball lies a sport clad in the tatters of disgrace, one that makes a mockery of the amateur student-athlete ideal.

For some time the Federal Bureau of Investigation has been looking into illegal payments made to college basketball players and their families. So far 10 individuals, including four active college assistant coaches, have been arrested. But this likely represents only a tiny fraction of the extent of the problem. By one estimate at least 50 college basketball programs eventually may be found to be compromised.

What motivates the rule-breaking? The billions of dollars of profits at stake for major universities, athletic gear companies, and TV networks.

Despite the huge amount of money involved, very little of it goes to the players themselves, whose skills are at the core of the whole enterprise. To players interested in receiving a college education, an athletic scholarship does offer a sizable financial enticement. But many top high school players are either not qualified for or uninterested in college academics. For them, playing college basketball provides only one incentive: a way to showcase their skills to professional scouts with the hope of someday playing in the National Basketball Association or in a professional league overseas. (Only a tiny fraction of high school players eventually are drafted by an NBA team, according NCAA statistics: 0.03 percent, or three out of every 10,000.)

The NBA requires that players be at least 19 years old and one year out of high school to enter the league. That forces top teen players to play college ball for a year after high school, creating what’s known as the “one and done” phenomenon: players staying a single year (and attending classes during their first semester just to remain eligible to play).

College programs compete intensively for these prized players, which has inevitably led some to go beyond what is legal in offering “under the table” incentives.

The economics at play are simple: Top players have considerable financial value beyond what they are being paid (even with scholarships). One set of solutions would be to offer college players legal ways to profit from their athletic skills. They could be given stipends for living expenses beyond their academic scholarships, literally amounting to modest paychecks. They could be allowed to endorse products, such as athletic shoes, for pay. One coach argues they ought to be able to take out loans against their future professional earnings.

But all these schemes eat away at the concept of amateurism in college athletics.

The best solution could come from the NBA. It could lower the age limit to 18, allowing the very best high school players to be drafted directly into the league. It could also beef up its G League, a developmental league for prospective NBA players. Teens looking for a career in pro basketball could be drafted straight into the G League to develop and showcase their skills.

Right now, the NBA has little incentive to improve its obscure G League because colleges provide what amounts to a free minor league that develops players. G League salaries are as low as $20,000 per season (the NBA’s minimum salary is $562,493 per season), and the games are much less visible on TV than top college contests. Today’s top prospects would much rather spend a year in college than head into a year of G League basketball obscurity.

Better G League TV contracts and playing in bigger arenas in front of bigger crowds could change that calculation. And colleges might have to include a stronger message about the life advantages of obtaining a college education in their recruiting strategies. What could emerge is a more honest system in which top teen players could choose between the advantages of “going pro” or going to college on a scholarship.

College basketball and March Madness would still be entertaining, filled with plenty of highly skilled players who either don’t quite have NBA-level ability or who truly want a four-year college education.

The pressure to cut secret, illegal deals with college players would be greatly reduced. And college basketball could become a more authentically amateur college sport.


A Christian Science Perspective

About this feature

Each weekday, the Monitor includes one clearly labeled religious article offering spiritual insight on contemporary issues, including the news. The publication – in its various forms – is produced for anyone who cares about the progress of the human endeavor around the world and seeks news reported with compassion, intelligence, and an essentially constructive lens. For many, that caring has religious roots. For many, it does not. The Monitor has always embraced both audiences. The Monitor is owned by a church – The First Church of Christ, Scientist, in Boston – whose founder was concerned with both the state of the world and the quality of available news.

Today's column examines our role as individuals in building a just society and healing a world in great need.


A message of love

Bassam Khabieh/Reuters
Children look through a bus window while being evacuated from the Syrian town of Douma, in Eastern Ghouta, near Damascus, March 13. The area has been under attack by Syrian government forces.
( The illustrations in today’s Monitor Daily are by Karen Norris and Jacob Turcotte. )

A look ahead

Thanks for joining us. Come back tomorrow: We're working on a story about why some high-tax states in the US are concerned that some of their wealthiest residents may move.

More issues

2018
March
13
Tuesday

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