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Twelve innovative projects will share a US$10 million competition pool to tackle flooding in some of the world’s most vulnerable communities. The partnership between the Global Resilience Partnership (GRP) and Z Zurich Foundation of Zurich Insurance, will see grants of up to US$1m awarded to teams offering innovative solutions to issues affecting flood-prone communities in the Horn of Africa and South and Southeast Asia. Almost 400 initial Challenge entries were whittled down to a final 12 solutions considered to have the greatest potential impact.

Toronto's hot housing market has more young adults living at home with their parents. Geography and Environmental Management professor Nancy Worth spoke with The New York Times on the trend that shows 56.5 percent of people in their 20s (PDF) in the Toronto area still live with their parents, compared with 42 percent nationwide. Professor Worth said, despite negative stereotypes of lazy millennials free-loading in their parents' basements, many of these educated young professionals are actually making smart, strategic choices.