Insider Finance - Business - Millennials’ economic quagmire

Hello, Insiders. Happy International Women’s Day. This week, I’m focusing my notes on COVID-19, three years on. Up today: masks. They're annoying. They're partisan. And do they actually work to keep people healthy?

A new gold-standard review of mask studies suggests we don't know that much about how well masks work. This finding caused a media frenzy — but as health correspondent Hilary Brueck reports, don't be fooled. 

When worn diligently by people, masks can be a good tool for blocking viruses. But they’re no silver bullet, and let’s be honest: No one can wear their mask all the time. Read her full report for more. But now, the news.

— Nicholas Carlson

Universities have become giant piggy banks for hedge-fund billionaires.

In January, the University of California system — one of the largest public-university systems in the world — made a $4 billion investment in one of the world's largest real-estate funds.

In fact, universities across the country have invested in or bought up real estate. Some large public colleges have even teamed up with private developers to build and lease "innovation districts" (hubs of office buildings and retail shops) on school property — instead of using the space for classes or student housing.

Billionaire donors and money managers are shifting the focus of these institutions from providing students an effective education to sustaining a profit-generating, investor-enriching investment machine. 

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