As the global economic crisis has entrenched deeply over the past few years, people of all income levels have become desperate for some level of financial stability. This is particularly true for those who were already living on the edge financially before the crisis hit. Some of those who have been most affected have [...]
Late last week Muhammad Yunus stepped down as managing director of Grameen Bank, 28 years after its founding. His departure ended a nearly six-month saga that began when the Bangladeshi government took advantage of a Norwegian investigation into the Bank’s wrongdoing, to launch a political offensive against Yunus. Setting aside Yunus’ protracted legal battle [...]
Continue reading …By Patricia Cunningham II, PhD candidate, The Ohio State University and Jonathan Fish Finance and Economics Major, at The Ohio State University, GLOBAL POVERTY: Visiting Angola Angola’s tremulous history is blistered with civil uprisings but most of the scars come from colonialism. Before it was colonized by Portugal in 1655 Angola was not exploited [...]
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