Sunday, September 20, 2009

It was nice to think it was true - Remember those microloans, the ones that earned Mohammad Yunus the 2006 Nobel Peace Prize? Well, they may not be the panacea to poverty that everybody hoped. From the Boston Globe "Small change - Billions of dollars and a Nobel Prize later, it looks like 'microlending' doesn't actually do much to fight poverty." Bummer.

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