Goldman Sachs’s Global Markets Institute, led by Amanda Hindlian, has warned in a new report of “significant” potential risks to the world’s largest cities, which are especially vulnerable to more frequent storms, higher temperatures, rising sea levels and storm surges. Cities generate about 80% of global GDP and house more than half of the world’s population, a share that Goldman says, citing the United Nations, is projected to reach two-thirds by 2050.
Decisions like Halsall’s could have a lifelong impact on a working mother’s earnings potential. Leaving the workforce for five years to raise children could cost women 20 percent of their earnings potential although their leave only represents one-eighth of their working lifetime, according to researchers led by Amanda Hindlian, president of Goldman Sachs’ Global Markets Institute. “In the age of technology, parents don’t expect it to be so hard to find this critical service,” Halsall said in an email. “I certainly didn’t. Winnie is building the missing marketplace that gives parents a complete picture of their options so they can make the right choice for themselves and their families.”
