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...countries where lenders don't have to clearly disclose interest rates. When the Mexican microfinancier Banco Compartamos went public last year, revealing its loans carried rates of about 86% annually, the development consortium Consultative Group to Assist the Poor (CGAP) and others scorned it for having put shareholders ahead of clients. Says Elizabeth Littlefield, CEO of CGAP: "There is some risk that the mainstreaming of microfinance will threaten the very essence of microfinance's core mission: to help poor people lead better lives." At a time when governments, financial institutions and investors are paying more attention to the developing world...
...want the kinds of cars that are needed to dramatically reduce the one-third of total emissions that come from the transportation sector. In the end, the American automakers were given a pass by the country’s elected officials to continue placing heft and horsepower ahead of what is right for the country and the planet...
...There is a lot of hard work ahead, but the movement he has inspired is transforming American politics. Hang onto your hats: more is to come...
...would leave that to others later in the week. Instead, the former president, before being bestowed with an honorary membership in the Class of 2008 by First Class Marshall Alexander J. Tennant ’08, spoke briefly on the advantages of leaving University housing behind and the tasks ahead of the graduates.Summers, who recently returned from a week in Israel with his wife and step-daughter, recalled attending the 18th birthday party of a friend’s child during the trip and hearing the teenagers discuss their impending conscription into the armed forces. (Israel requires men and women...
...Since securing the G.O.P. nomination in March, McCain has spent his time raising money, reassuring uneasy conservatives and building, haltingly, a full-scale campaign operation for the race ahead. "We've also been watching Obama lose a lot," says a McCain adviser. "It's been instructive." The Democratic primary fight exposed Obama's weaknesses with downscale white voters, and white women generally - weaknesses McCain hopes he can exploit as the general election gets under way (which is why he threw a few verbal bouquets to Hillary in his speech). As McCain aides like to point out, their candidate has managed...