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Grameen's approach is different, since unlike most U.S. microfinanciers, it uses the group-lending model. Costs are kept down by having borrowers vet one another, tying together their financial fates and eliminating expensive loan officers entirely. Whether that setup will eventually allow Grameen to stand on its own two legs is a huge question mark...
...Harvard track and field team looked to capitalize on the practice available from two out-of-town meets this weekend with the NYU Metro Coaches Invitational on Friday and the Dartmouth Relays in Hanover, N.H yesterday. Snow ultimately kept the team from competing in the latter event, but the Crimson offered some impressive results from the New York meet. “With finals coming up, we wanted to look for some meets that were in close proximity,” Harvard coach Jason Saretsky said. “I wanted to get the middle runners on the track...
...Trio was a late-'50s chart sensation that helped establish the album, not the single, as the unit of pop music. Reviled and/or envied by purists, the group nonetheless got a myriad of kids hooked on traditional music. They were the training wheels of the folk movement, and kept wearing their smiles and striped shirts for decades as a tribute band to themselves. Reynolds was 75, Stewart...
...Running Atlantic Records with Ahmet Ertegun, Jerry Wexler, 91, launched the pop careers of R&B giants Ray Charles and Aretha Franklin, made a crossover star of Bobby Darin, kept the Drifters a top act through ever-changing personnel and in the '70s signed the Rolling Stones and Led Zeppelin. Wexler produced Dusty Springfield's Dusty in Memphis LP and Bob Dylan's first Grammy-winning album, the 1979 Slow Train Coming...
...appealing to Foster, authorities say, that he waived the Sons of Dixie's $25 application fee. (In 2005, she had pleaded guilty to charges of possession of a controlled drug - methamphetamine - that police found on her living room coffee table. Friends say Lynch never married nor had children, and kept drugs around mainly to attract friends in order to alleviate her loneliness.) "I don't think she had any idea what she was getting into," says Fred H. DeMier, a Tulsa attorney who handled Lynch's previous criminal cases...