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This year SKS plans to reach 4 million customers like those in the village of Veeravelly, who have been using loans for projects like buying buffalo and opening a welding shop. "Unless we have capital markets interested in microfinance, there's no way we could get to that many borrowers," says Akula. A deal in which Citigroup will buy $44 million in loans off SKS's books, for instance, is expected to help SKS reach 200,000 people across 7,000 villages. Among the beneficiaries are women like Parajata, a widow in Veeravelly who was working as a day laborer...
...relied on an open Internet to make its entire business," he tells me. "It has a genetic predisposition for openness." That's partly because Google's core business, search, depends on openness. Google can't find the things you want on the Web - documents, music, images and so on-unless they are open and accessible, Kraus says. The richest Internet company on the Fortune 500 (it's ranked 150, with $16.5 billion in revenue), Google has a business plan that depends on the Web being used by as many people as possible. That's why the company spends so much...
...You’re not going to know what’s going on in a trading room unless you have direct responsibility for the trading operations or the risk management,” Rubin said...
...extremely successful nationally-competitive athlete, respected team leader, and talented student may seem like a combination that is too good to be true. That is, unless you’ve met Geoff Rathgeber.Rathgeber, a co-captain of the Harvard men’s swimming and diving team, helped lead his squad to unprecedented success—including a perfect conference record. Along the way, he also made a name for himself on both the Ivy League and national swimming circuit by setting numerous records and consistently outperforming his opponents in both regular and postseason meets.“Being able...
...next two years, and may approach the frequency of the Depression era, when there were three executions a week. Any attempt to stop the spate of killings must begin quickly. Public debate has nearly ended—the Times buried Brooks’ execution on page 28. Unless those with an interest in justice step forward soon, we will see the issue turned over to people like the pro-execution demonstrators outside the prison in Huntsville. They posed for the cameras with signs saying “Kill ‘em in vein,” while brandishing...