The BBC publishes this story about Grameen Glasgow where the question is whether people on benefit are allowed to take out loans…
Grameen Glasgow, here we come!
Microcredit one bright spot in the recession
The Daily Star in Bangladesh reports regularly on the achievements of Dr. Muhammad Yunus and / or Grameen.
This article is a review that took place at the launch of the Bangladesh Microfinance Statistics for 2007.
Posted in Bangladesh, Current Crisis | Tags: microcredit, recession
Third world debt is rich pickings for vultures
This blog post demonstrates what Dr. Yunus keeps saying: governments and institutions are notoriously slow and keep letting us down.
The problems are deep and they are institutional above all else. One just has to ‘follow the money’:
– who pays government officials?
– who pays civil servants?
– who pays politicians?
– who pays bankers?
– who pays central bankers?
What is the difference between what we believe happens and what is really happening with money: who prints it and for what purpose? More on Money as Debt also known as Credit.
Posted in Africa, Development, Institutions | Tags: aid, vulture funds
Bangladesh achieves remarkable success in many fields
This article is a summary of a lecture Dr. Yunus gave to a voluntary organisation at Manhattan in New York.
Posted in Bangladesh, Healthcare | Tags: Bangladesh, healthcare, Water
Yunus briefs Hillary about healthcare plans
Here’s the story from the Daily Star about Dr. Yunus’ 90-minute meeting with Hillary Clinton on Thursday, April 16.
Posted in Bangladesh, Healthcare | Tags: healthcare, Hillary Clinton
Dr. Yunus endorses Generation WE
A new book, new ideas and a new way of selling it: that’s behind Generation WE:
It has been nominated for the prestigious Montaigne Medal and received the endorsement from many influential people, including Dr.Yunus.
Posted in Books, Doing good | Tags: innovation, new generation
We are rooted in the Real Economy
“Unscathed by the credit crisis” and “unflappably optimistic” are just two comments by Dr. Yunus in this article of the Economist entitled Sub-par but not subprime: Lending to the poor has held up well but it is not as safe from the credit crisis as its champions hoped.
Journalists write their opinions down. Not necessarily facts… Nor do they understand the difference between money backed by the real economy and money created out of thin ear, or through ‘quantitative easing‘, at the cost of Nation states…
Posted in Credit Crunch | Tags: Economist
Next Wall to Fall – An Open Letter to the G20 leaders – in the Spirit of Yunus
Open Letter
to the heads of state of the G20-nations
A Global Marshall Plan for Micro-Credits
as part of a Global Pact for Sustainability
Entry into a new quality of a global eco-social market economy
In the present crisis of the global economy the fate of the world community will be decided primarily by the degree, in which we are successful in finally securing a convincing, sustainable development for the benefit of all citizens of this earth. To this aim the consultations on systems for an improved global control of the world financial institutions are a valuable, but still far from a sufficient response.
Especially important at this time are great-hearted measures, which offer the weakest in the global community and therewith those, who are the most strongly affected by the worldwide economic crisis, direct support and perspectives. Therefore we recommend two concrete actions:
Read More…
Posted in Current Crisis | Tags: G20, Open Letter
Dr. Yunus on BBC Newsnight
I can’t find the video clip on the BBC website, but this blog entry refers to the interview with Dr. Yunus together with Dambisa Moyo, former World Bank economist and author of Dead Aid.
Dr. Yunus says it all the time: development institutions have let us down. Therefore, ’social business’ is the route to self-help
Posted in Interview | Tags: BBC Newsnight
The FT on Microfinance
Conflicts of interest is an extensive article that analyses the microfinance phenomenon world-wide.
If only the author understood the maths of interest and compounding interest! And if he had a less arrogant attitude towards “countries such as Peru, Pakistan or Nigeria”. As if people were different in their desires to be treated honestly by an honest system.
Maybe one day also this FT columnist will wake up to the dishonesty inherent in Western financial institutions! See Financial Fairness as our latest attempt to make a difference in Westminster.
Posted in Microfinance | Tags: ft, interest, Microfinance
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