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...making loans to poor people, while an important tool, is hardly a poverty cure-all. Property rights, the rule of law--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...

Author: /time Magazine | Title: The Big Trouble In Small Loans | 6/5/2008 | See Source »

...standard since the mid-1800s, when overwhelmed Pennsylvania oilmen collected the substance in whiskey barrels after striking their first gushers. Before U.S. drilling began in 1859, "rock oil" (to differentiate it from vegetable oil or animal fat) was sopped up with rags, wrung out and peddled as a cure for everything from headaches to deafness. Spurred by demand for lamp fuel as whale blubber grew scarce, derricks popped up all over Pennsylvania's oil region in the 1860s--although subsequent overproduction drove prices so far down that at one point, a wooden barrel was worth twice as much...

Author: /time Magazine | Title: A Brief History Of: The Oil Barrel | 6/5/2008 | See Source »

...still reading this article - and chances are greater if you're older than 34 - you may be wondering whether there's a cure for newstritional disorder. The study's recommendation is, in essence, more of what's causing the problem in the first place: "quick delivery and quick-scan consumption," news that can be taken in at a glance. The new bite-size media model is to reduce the news fat, cut back on content, and create tasty treats that requires fewer mental calories to digest...

Author: /time Magazine | Title: A Bite-Sized Media Future | 6/3/2008 | See Source »

...Rico. Although these teachers will not be teaching in Spanish, they will have the language skills necessary to help students whose first language is Spanish grapple with concepts that are too complicated for them to understand in English. While this movement should be supported, however, it is not a cure for the problem of minority students falling behind in public schools. A more concerted effort should be made to channel the best native bilingual college students into the teaching profession, in order to serve as role models for younger, bilingual students...

Author: By The Crimson Staff | Title: Much Ado in the Bay State | 6/2/2008 | See Source »

...nerve in her wrist, and do it soon, she would never get better - the nerve damage would become permanent. Mattie's other problem, triggering, was bad too. It made opening her hand painful and difficult. My patient needed two small operations - just 15 minutes of actual surgery - to cure these problems...

Author: /time Magazine | Title: Is Your Hospital on Your Health Plan? | 5/28/2008 | See Source »

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