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...microfinance institutions into more sophisticated operations that can reach millions more people. In the dusty Indian village of Veeravelly, in the state of Andhra Pradesh, for example, loans from SKS Microfinance have led to a spate of small businesses and, in turn, money for onetime luxuries like refrigerators and solid roofs. A more competitive, more developed industry means lower loan rates and new services like savings accounts, mortgages and insurance. "Clients are coming into our offices and saying, 'O.K., if I go to another microfinance institution, I can get a longer term or a lower interest rate,'" says Braco Erceg...

Author: /time Magazine | Title: The Big Trouble In Small Loans | 6/5/2008 | See Source »

...first noticed for works in which he covered cones, cubes and pyramids with intensely colored raw pigment to make primal objects with a radioactive intensity. Since then, he's moved on to fiberglass, resin, acrylic and stainless steel, but almost always playing with the threshold between the solid and the immaterial, the point at which a thing comes into being or dematerializes, or the ways a massive solid form, like Inwendig Volle Figur (inwardly turning full figure), can also be a giant entryway...

Author: /time Magazine | Title: Anish Kapoor: Past, Present, Future | 6/5/2008 | See Source »

...preoccupation, immateriality can wear a little thin. So it's good that lately Kapoor has been interested in more solid realities. Past, Present, Future, the tour de force in this show, is an enormous half-hemisphere of purplish red wax and paint. Almost 30 ft. (9.1 m) wide, it bursts from a wall at one end of the gallery. A curving motorized blade rides slowly back and forth across its surface as though carving it, sending off splatters of wax along its circumference like solar flares. Wagnerian, mythic and muddy, it's something vast and strange being born, like...

Author: /time Magazine | Title: Anish Kapoor: Past, Present, Future | 6/5/2008 | See Source »

...quarters. "I could put you on the phone with some of those guys: how they got to [the final], they have no idea; they don't know how they did it, but they did it." This summer, the German team is more talented up front, and rock solid as ever at the back. "You're looking at a team with five or six guys that are 6 ft. 3 in., 6 ft. 4 in.," says Keller. "They can still be mechanical - we are going to win a free kick - then there's going to be five monsters flying into...

Author: /time Magazine | Title: Soccer: An American Game | 6/4/2008 | See Source »

...even days to buy gasoline because of price controls or signs at gas stations that say "No gas." And until the recent slowdown--which is more the result of conditions in the residential housing market and in financial markets than of higher oil prices--economic growth was solid and unemployment remained low, unlike what we saw following oil price increases...

Author: By Crimson News Staff | Title: Full Text of Ben Bernanke's Class Day Speech | 6/4/2008 | See Source »

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