Word: fueled
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...small amounts from micro lenders often work on projects unaffected by large-scale global banking travails. Recent studies have confirmed the robust reliability of borrowers at the bottom end of the global income scale. The world's poorest are affected, though, by commodity price volatility and fluctuating food and fuel costs. Mary Ellen Iskenderian, CEO of Women's World Banking, a global network of 54 microfinance institutions and banks in 30 countries, spoke to Time's Jeremy Caplan recently about how the financial crisis has affected those on the lower rungs of the world's economic ladder...
...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...
There's a fair share of defensive in these documents, but also a decent amount of penitence. It's fascinating to see these behemoth companies admitting that they've made mistakes in the past and realizing that they need to shift production to smaller, more fuel-efficient vehicles (though it does seem as if they're just tossing that in there because such talk is all the rage these days). Who knows how much is genuine. Can giant corporations be genuine about stuff like that? Yet the case is also effectively made that the failure of the Big Three would...
...Chrysler is looking for a $7 billion bridge loan by the end of 2008. The company also is asking for $6 billion in loans from an already-approved Energy Department program established to encourage production of fuel-efficient cars...
...driven by opportunities for increased profit, have shown that cutting back CO2 emissions is possible, he said. IBM and STMicroelectronics were able to cut their emissions by 6 percent while looking for ways to reduce costs. Similarly, when the Dow Chemical Company invested in efficiency rather than buy more fuel, it ended up with a $3.3 billion profit. From a consumer’s perspective, Lovins stressed efficiency over fuel consumption by addressing wasteful engineering in vehicles. “One hundred times the vehicle’s weight in ancient plants is very inefficiently converted...