Word: borrower
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Dates: during 2000-2009
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...away money here; we expect a return," says Gary Hattem, a managing director of Deutsche Bank, which runs four microfinance funds. "But we do keep our eye on the social-impact side of this. It's very humbling when you go to places where the people coming in to borrow smell like the cows they're raising...
...these things matter too. "You cannot overidealize what microfinance alone can do," says Clara Akerman, president of the microfinance group WWB Colombia. Most outfits started with lending simply because local laws prohibited nonbanks from offering deposit accounts. When people do have the option to save instead of borrow, saving is often what they prefer...
...equal and none can be privileged—that’s the relativism. But because some people claim privilege and use it to oppress others, they must be excluded from power and status—there’s the moralism. Multiculturalism gave feminists the ability to borrow the moral authority of Blacks, who had truly been oppressed. They have used it—quite without embarrassment—to exclude conservatives, because conservatives support injustice and oppose affirmative action. Feminists believe that the fewer conservatives there are at Harvard, the less exclusiveness there will be. Other liberals...
...providing an office, auditing and legal services, a legal address outside College rooms, and risk capital, the new institution will enable students with selling and promotion ideas to expand them greatly. A student with a good idea will be able to borrow up to $5,000 to start a new business if he can convince the Agency’s directors that it would be profitable and proper to set him up selling typewriters or toe-nail clippers. Within the rather vague limits of propriety, the opportunities for future hucksters seem boundless...
...show of support, the central banks of Denmark, Norway and Sweden offered to loan Iceland $2.4 billion in emergency credit, doubling the nation's reserves; the krona immediately gained 5% against the euro. Iceland's central bank asked parliament on May 28 to let it borrow up to $6.9 billion so it can better protect the country's currency and banking system...