Word: capitale
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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...
Folks in Bogalusa remain in shock. The episode is an embarrassing, chilling reminder of the 1960s, when the town endured tumultuous Civil Rights protests, and was even known as the "Klan Capital" of the U.S. In recent weeks, national television cameras have swooped into town. One front-page Times-Picayune...
Florida's Palm Beach County turns 100 this year, and one can forgive residents for feeling particularly nostalgic. Their once exclusive slice of South Florida used to be known primarily as the Kennedys' winter playground and a retiree haven for wealthy Northeasterners. But ever since the chad-infused chaos of...
Ponzi Schemes--in which a swindler touts outsize returns, parries questions about legitimacy with hefty dividends and creates the illusion of solvency by paying off early investors with capital raised from later entrants--are named after Boston businessman Charles Ponzi. From 1919 to 1920, the Italian immigrant coaxed thousands of...
Lasantha Wickrematunge, one of Sri Lanka's leading journalists, a freelance reporter for TIME and an outspoken critic of the Sri Lankan government, was shot this morning as he drove to work in Colombo, his country's capital. He later died of his injuries.