Current Events — HabitableZone

Current Events

Nobel Peace Prize

Muhammad Yunus and the Grameen Bank

The concept of micro-credit, a system allowing poor people around the world to participate in real economic development, is explained further on their home page, particularly here. Interestingly, Grameen operates less like a real bank, and more like the informal family methods of bootstrap-financing its own members that I see very often around here, particularly in Asian families.

A well-deserved award, in my opinion.

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