Word: poorness
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Dates: during 2000-2009
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...think it is ethical to charge the poor interest and make a profit out of it? -Hasan Iqbal, Sundsvall, Sweden In Bangladesh, Grameen Bank charges the lowest rate among all microcredit programs, and yes, we make a profit. But Grameen Bank is owned by the borrowers, so when we make a profit it goes back to the borrowers as dividends...
...microloans taking a hit due to the recession? Katie Malone, Point Marion, Pa. We use very local money that is going to the local poor, so there is no way the hit taken by the financial centers of the world could be transmitted to us. We don't see fluctuations in repayment rates or anything like that. We are O.K. (Read "People Who Mattered: Muhammad Yunus...
...nations that stand to lose the most from climate change adapt to a warmer world. That latter issue is a chief sticking point for the ongoing U.N. climate negotiations, in which governments are working to produce a successor to the Kyoto Protocol at the Copenhagen summit in December. While poor nations have demanded funds to help them develop sustainably and prepare for warming, rich nations have so far been slow to promise money. "Climate financing is going to be absolutely key if we're going to have a deal in Copenhagen," says Bill McKibben, an environmentalist and author who heads...
...long-held view among some counterterrorism experts is that American society does such a good job of absorbing immigrants that there's none of the ghettoization of poor Muslim communities commonly seen in Europe. Also, since the U.S. gives all newcomers the opportunity to get rich, there are none of the resentments that fester among young, unemployed Muslims in European cities. But some experts are beginning to question those assumptions. "We've had the complacency about our ability to integrate minorities into our society," says Robert Grenier, a former CIA station chief in Pakistan. "We've looked at what...
India's space agency has taken its share of hits over the years. When it was set up in the 1960s, the Bangalore-based organization's very existence was questioned by critics - both inside and outside India - who said a poor country should worry about feeding hungry millions before firing rockets into space. Last month, there were allegations of incompetence after India's first-ever lunar probe, Chandrayaan-I, was lost when its communications system shut down. So this week's announcement that the same probe, fitted with a NASA research instrument, had found water on the surface...