Word: seeding
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Since 2008 Grameen has collected 1,700 borrowers in New York City, and last June it opened a second branch in Omaha, Neb. Other cities in its sights include San Francisco, Boston and Charlotte, N.C. - anywhere local businesspeople raise seed capital and a bank will host low-cost savings accounts for borrowers with just a few dollars, since savings are a key part of the Grameen philosophy. "There are whole populations that aren't being reached by the banking sector," says Bob Annibale, director of microfinance at Citibank, which partners with Grameen in New York. Like other financial giants, Citi...
...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...
...beat any player in the world, Toni has been quietly picking apart Nadal's game, remaking it shot by shot so that the Spaniard plays not less classically but more classically. As Nadal prepares for this year's first grand slam event, in Australia beginning Jan. 19, the top seed and his coach seem to be posing a new challenge: Can tennis's great outsider win by embracing normal? (See pictures of an alternative look at Wimbledon...
...some strides to make, but going to these tournaments is all about facing the best guys in the country and seeing where we stand.”Caputo and Jantzen entered the tournament ranked fourth and first, respectively, but both faltered late in the draw.The third-seeded Caputo rode a technical fall, a major decision, and a 4-2 victory to earn a semifinal matchup with Iowa’s Phil Keddy, who handed Caputo his first loss this season at the NWCA All-Star Classic on Nov. 25.The Hawkeye junior took his second in a row against Caputo with...
...casting. The perpetrators: a civilized Western nation conceived the outrage of genocide and executed the plan with technological precision; if the Germans could do it, anyone could. The victims: the Jews, eternal outsiders, were traditionally treated by Christians with an uneasy mixture of envy and enmity. Here was the seed of ordinary anti-Semitism brought to rancid fruition...