Word: bankes
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...have since become financial staples of the developing world, but by coming to the U.S. Grameen is taking on a different sort of challenge: one of the planet's richest countries. Yes, money may be tight in the waning recession, but this is still a nation of 100,000 bank branches. (See TIME's 2009 Person of the Year: Federal Reserve Chairman Ben Bernanke...
Since 2008 Grameen has collected 1,700 borrowers in New York City, and last June it opened a second branch in Omaha, Neb. Other cities in its sights include San Francisco, Boston and Charlotte, N.C. - anywhere local businesspeople raise seed capital and a bank will host low-cost savings accounts for borrowers with just a few dollars, since savings are a key part of the Grameen philosophy. "There are whole populations that aren't being reached by the banking sector," says Bob Annibale, director of microfinance at Citibank, which partners with Grameen in New York. Like other financial giants, Citi...
...folks running Grameen America say that this time around results will be different because Grameen employees themselves are making the loans, not training an American bank to do it. In New York City, Shah Newaz, who started working for Grameen in 1982, hands out checks to borrowers at Grameen America headquarters - a sparsely furnished one-room office above a laundromat. In Omaha, Habib Chowdhury, who has worked for Grameen since 1985 and is a veteran of its Kosovo start-up, has found more than 250 borrowers since June and has already lent $378,000, mostly to Mexican immigrants stocking...
...them French), Donald Westlake, 76, could have retired with honors in the 60s, after Godard turned The Jugger into Made in USA and The Hunter became John Boorman's Point Blank. In the 70s he owned the comedy-caper genre, for what that's worth, with The Hot Rock, Bank Shot and Hot Stuff. He wrote scripts based on his own novels and those of other crime writers, incl. Jim Thompson's The Grifters (Oscar nomination) and Patricia Highsmith's Ripley Under Ground. He knew the difference in the two crafts: "If I write a novel...
...visit was finally confirmed last month, even though some prickly bilateral issues between the Holy See and the Israeli government remained unresolved. But as Israel's assault on Gaza reaches the two-week mark, Vatican diplomats now say the long-anticipated journey (with planned stops in Israel, the West Bank and Jordan) is increasingly at risk of being canceled. (See pictures of Benedict XVI's first year...