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...petite 26-year-old works her way through some of New York City's poorer neighborhoods, she approaches women selling food and trinkets on the street and offers to lend them money to grow their businesses. The organization Medina works for, Grameen, is one of the world's largest microfinance outfits and has a Nobel Prize to its name for this work. But in New York neighborhoods where loans to street vendors tend to come with interest rates north of 40%, it can take a while to build trust. "I didn't believe it until...
...pawnshops for financing. Profit has long eluded U.S. microfinanciers. "If it's not profitable, it's not microlending - it's charity," Yunus said on a recent trip to the U.S. The question, then, is whether there is a role for a Third World lender in the world's largest economy...
...second half was a see-saw ride, with nine lead changes and no team ever leading by double-digits. The Crimson jumped to an early period lead that was quickly stifled by a 9-0 Dartmouth run that brought the Big Green lead to 48-44, its largest margin for the rest of the game.A 57-53 Dartmouth lead was eclipsed when freshman forward Keith Wright made two shots from the charity stripe and Pusar hit a three-pointer, but a three-point play from Big Green junior Elgin Fitzgerald put Dartmouth on top again, 60-59, with only...
...this year, and one can forgive residents for feeling particularly nostalgic. Their once exclusive slice of South Florida used to be known primarily as the Kennedys' winter playground and a retiree haven for wealthy Northeasterners. But ever since the chad-infused chaos of the 2000 presidential recount, the largest county (by land mass) east of the Mississippi River has begun to rival Miami as the Sunshine State's capital of corruption and political mischief. It had to endure the sexual scandals of two consecutive congressman, first disgraced Representative Mark Foley and then his successor, Tim Mahoney, who lost...
...Minister Vladimir Putin, warning him that Gazprom and Russia faced the loss of reputation and revenues as Western customers looked elsewhere. The E.U. efforts were almost all aimed at the Russians rather than the Ukrainians. They also spoke with Ukrainian officials. It helps that the E.U. is Ukraine's largest aid donor. Ukraine is facing a financial meltdown, and recently asked for a $16.4 billion International Monetary Fund bailout. Gazprom, owing around $60 billion and seriously short of cash, currently has storage reservoirs so full that it risked having to burn off some of its surplus...