Word: borrowings
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...year-old day laborer, worked for two months in the fields during the spraying season four years ago. Not long after, her second child, a boy, was born with a neurological disorder and has recently been diagnosed with hydrocephalus. "His treatment is so expensive that we have had to borrow large amounts of money... I know he won't survive" she says. Surinder Singh, the executive director of the rural NGO Kheti Virasat, says, "Punjab is paying with its life for a dubious promise of prosperity...
...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...