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...fashioned banking that some people feel was absent in this latest round of banking disasters. At the same time, we are seeing many microfinance institutions (MFIs) scaling back expansion plans and, in some cases, raising interest rates as a result of the credit-spread increase and the rising cost of borrowing. Certainly, no one is taking their existing funding relationships for granted. My concern is that we have only begun to see the effect of the triple threat of finance, fuel and food issues on microfinance...

Author: /time Magazine | Title: Microfinance Still Hums, Despite Global Financial Crisis | 12/3/2008 | See Source »

Chrysler: "By the end of 2008 [from 2007], Chrysler will have separated over 32,000 employees, including 5,000 white collar employees who left the company just this past Wednesday before Thanksgiving. Cost cutting has been substantial, swift and wide-ranging. Nothing has been viewed as 'sacred...

Author: /time Magazine | Title: GM, Ford and Chrysler's Bailout Plans | 12/3/2008 | See Source »

...were dangerous and ineffective. Mbeki’s organization restricted foreign donations to ARV efforts and instead emphasized folk remedies such as lemon juice and garlic. The Harvard study called the government a “major obstacle” in providing patients with ARV drugs, adding that high cost and lack of availability of the drugs are not sufficient explanations for why the government did not implement an ARV treatment program. Chigwidere, who spoke at the Museum of Science last night in honor of World AIDS Day, said yesterday that he chose to study South Africa because...

Author: By Anita B. Hofschneider, CONTRIBUTING WRITER | Title: Study Examines AIDS Casualties | 12/2/2008 | See Source »

About the only bright spot with the current housing crisis is that the median cost for housing is dropping. The Greater Fort Lauderdale area shows a drop in its median condo prices, from $160,000 last year to $115,000 today, according to the Realtor Association of Greater Fort Lauderdale. That's good for those who have money in their pockets or access to credit. While homes in the area may be more affordable, some potential buyers are having trouble coming up with the money to purchase them. But for now, Florida's governor would be happy to help homeowners...

Author: /time Magazine | Title: Florida Moves to Provide Relief on Foreclosures | 12/1/2008 | See Source »

...interest in Silicon Valley science fiction, the most cost-effective green technology can be found in our own homes, simply by improving the energy efficiency of our houses and apartments. On average, heating an American home with natural gas creates about 6,400 lbs. of CO2 a year; using electricity will produce about 4,700 lbs of emissions. Both numbers can be larger if you live in a cold part of the country. The problem is that many American houses are poorly constructed and insulated, leaking heat in winter and cool air in the summer - and that's not cheap...

Author: /time Magazine | Title: Weatherproof Your Home | 12/1/2008 | See Source »

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