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...than a computer system. But there is a delicate balancing act that we have to maintain, because while commercialization holds tremendous promise for expanding access to microfinance services to the more than one billion people - especially women - who have yet to benefit, there is also a clear risk of mission drift. One particularly disturbing trend - since you can't talk about poverty alleviation without talking about women's economic empowerment - is a decrease in the percentage of women being served as MFIs move toward a for-profit model . So making sure that profit doesn't trump mission is critically important...

Author: /time Magazine | Title: Microfinance Still Hums, Despite Global Financial Crisis | 12/3/2008 | See Source »

What really ticks us off is not that the Detroit Three flew private on a begging mission. It's that we have to fly commercial, and they don't. Anyone who has spent time seething at an airport hub, squished into a middle seat of a 737, or paid $2 for a bottle of water and some attitude has nothing but venom for those who can avoid it. The corporate fleet has mushroomed over the years as commercial service has deteriorated. Going from Grand Rapids, Mich. to Jackson, Miss.? That will only involve an entire day shoehorned into "regional" jets...

Author: /time Magazine | Title: Why the Big Three Should Fly Corporate Jets | 12/3/2008 | See Source »

...Houses have played an important role in Harvard’s history. Reflecting back on their original purpose and mission reminds us anew about the goals of a residential college...

Author: By Drew G. Faust, Evelynn M. Hammonds, and Michael D. Smith | Title: Renewing a Venerable Experiment | 12/3/2008 | See Source »

...Salvation Army has a devoutly religious mission, rooted in its founding in 1865 by an evangelical protestant minister (and former pawn broker) named William Booth, whose early motivation was to convert poor Londoners - and eventually prostitutes, gamblers and alcoholics - to Christianity. Recognizing that his followers needed more than just religion to improve their lives - and that the way to attract the destitute was the provide services - Booth provided meals, clothing and other assistance to his early converts. He was famous for saying, "Nobody ever got saved while they had a toothache." The quasi-military name "Salvation Army" was given...

Author: /time Magazine | Title: The Salvation Army | 12/2/2008 | See Source »

...With the sagging economy affecting overall charitable donations nationwide, the Salvation Army is braced for a disappointing kettle campaign this year. But the other mission of the program - publicizing the Salvation Army brand - is just as important, especially during these tough times...

Author: /time Magazine | Title: The Salvation Army | 12/2/2008 | See Source »

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