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That was also true when Grameen first came to the U.S., in the late 1980s, and tripped up. Under Grameen's tutelage, Southern Bancorp started making microloans to entrepreneurs in Arkansas. At first, the loss rate was a shocking 30%. Even after getting that under control, Southern found that what people really needed wasn't seed capital but broader help developing work skills and finding jobs...

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

...worked for Grameen since 1985 and is a veteran of its Kosovo start-up, has found more than 250 borrowers since June and has already lent $378,000, mostly to Mexican immigrants stocking up on inventory for small businesses selling things like cosmetics, clothing and Herbalife weight-loss products...

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

About 70 members of the Harvard community gathered last night in a snowy Hillel courtyard for a candlelight vigil mourning the loss of life in the Gaza Strip and Israel since serious conflict began in the region almost two weeks...

Author: By Shan Wang, CRIMSON STAFF WRITER | Title: Candlelight Vigil Held For Victims of Gaza Violence | 1/9/2009 | See Source »

...will begin paying monthly bonuses of up to $500 to troops barred from leaving the military because they're needed for the wars in Iraq and Afghanistan. A fatter paycheck will take some of the sting out of the military's high demand for troops and the resulting stop-loss policy. But it won't do anything to dry the tears of soldiers' children distraught over Dad's or Mom's absence. Now the Pentagon wants to create computerized hologram-like moms and dads that can talk with the kids when their parents are deployed far from home and beyond...

Author: /time Magazine | Title: When Daddy Is Off at War: A Hologram Home? | 1/9/2009 | See Source »

...farce played out in Brussels, Czech Prime Minister Mirek Topolanek - the Czech Republic currently holds the E.U. presidency - and German Chancellor Angela Merkel were phoning Russian Prime 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...

Author: /time Magazine | Title: Russia-Europe Gas Spat Ends — For Now | 1/9/2009 | See Source »

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