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Thirty years ago Muhammad Yunus, the founder of the Grameen franchise, started lending small sums to poor entrepreneurs in Bangladesh to help them grow from a subsistence living to a livelihood. His great discovery was that even with few assets, these entrepreneurs repaid on time. Grameen and microfinance have since become financial staples of the developing world, but by coming to the U.S. Grameen is taking on a different sort of challenge: one of the planet's richest countries. Yes, money may be tight in the waning recession, but this is still a nation of 100,000 bank branches...

Author: /time Magazine | Title: Can Microfinance Make It in America? | 1/11/2009 | See Source »

...nothing by itself, but when placed in an essay on a specific subject very well might mean something to the grader. The true master of a generality is the man who can write a 10-page essay, which means nothing at all to him, and have it mean a great deal to anyone who reads it. The generality writer banks on the knowledge possessed by the grader, hoping the marker will read things into his essay...

Author: By Donald Carswell | Title: Beating the System | 1/11/2009 | See Source »

...brought empiricism to its logical extreme.” The question is asked, “Did the philosophical beliefs of Hume represent the spirit of the age in which he lived?” Our hero replies by opening his essay with, “David Hume, the great Scottish philosopher, brought empiricism to its logical extreme. If these be the spirit of the age in which he lived, then he was representative of it.” This generality expert has already taken his position for the essay. Actually he has not the vaguest idea of what Hume...

Author: By Donald Carswell | Title: Beating the System | 1/11/2009 | See Source »

...Scheider, 75, with mournful eyes and the granite jaw of a Toltec deity, had a great movie '70s. He fought the great white shark in Jaws; he helped Gene Hackman search for Frog One In The French Connection; he smoked up a storm and underwent terminal angst as Bob Fosse's surrogate in All That Jazz. To Scheider's tough guy, Mel Ferrer, 90, was Mr. Soulful Softie, scoring as the hobbled puppeteer opposite Leslie Caron in Lili and as Prince Andrei in War and Peace, where he costarred with the fourth of his five wives, Audrey Hepburn. Before movies...

Author: /time Magazine | Title: Richard Corliss's 2008 Entertainment Death Reel | 1/10/2009 | See Source »

...directed some of the finest Japanese films of the '50s: the war parable Fires on the Plain, the pacifist The Burmese Harp, the kinky, contemplative Odd Obsession. His most enthralling epic is Tokyo Olympiad, a record of the 1964 Olympics that stands with Leni Riefenstahl's Olympia as the great art-reportage of the summer games Xie Jin, 84, a preeminent director in Mao's China, is best known for Two Stage Sisters, an assured melodrama about a country girl who joins a rep company. During the Cultural Revolution the film was charged with advocating "the reconciliation of social classes...

Author: /time Magazine | Title: Richard Corliss's 2008 Entertainment Death Reel | 1/10/2009 | See Source »

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