More stories

  • Are the Poor the New Middle Class?

    Multinational companies like Procter and Gamble sure think so and they are making large investments into developing areas such as China, India and Africa. On the surface, it makes sense. Not only is this potential group of consumers enormous- according to a recent World Resource Institute report the group (depending on income but usually below […] More

  • End the Witch Hunt for Dr. Muhammad Yunus, Microfinance

    There’s no doubt that the news from Andhra Pradesh, India about indebtedness crippling microfinance clients is troubling. SKS, India’s largest microfinance bank, raised cash last year by selling shares at 95 times their initial value. And now comes an increased chorus from politicians in Andhra Pradesh about fraud, corruption and impoverishment linked to SKS — […] More

  • The Microcredit Industry May Need a Bailout

    Believe it or not, this is not some twisted April Fool’s Day joke, but as highlighted in today’s New York Time article “India Microcredit Faces Collapse From Defaults”, is something that is actually taking place in India and could potentially be akin to the sub-prime crisis in the United States. This is clearly terrible news […] More

  • Halosource Raises $80 Million and Expanding Clean Water Services

    Today is Blog Action Day, and Halosource is one company taking action to bring clean drinking water to developing countries around the world. Founded in 2002 in Seattle, Halosource has grown by focusing on providing their clean water technologies to emerging markets. In 2006, Halosource partnered with a domestic water purifying company in India. Two […] More

  • Inspired Economist: Pick of the Week

      This column highlights the top economic stories of the week. Having children is the surest way to send your carbon footprint soaring, according to a new study from statisticians at Oregon State University. The study found that having a child has an impact that far outweighs that of other energy-saving behaviors. More on this story here. […] More

  • Inspired Economist: Pick of the Week

    This column highlights the top economic stories of the week. Shell has announced that a new service station in Ottawa, Ontario will quietly begin selling cellulosic ethanol blended into regular gasoline. The biofuel is made locally from wheat straw, and is the first time cellulosic ethanol has been made publicly available. More on this story […] More

  • Don’t Take Charity At Face Value….It Sometimes Funds Terrorism

    Even though in its pure definition, the word ‘charity’ connotes positivity and humanitarianism, in a world of increasing doom and gloom, one cannot always assume that this is the case. The New York Times has published an article talking about the detainment of Hafiz Muhammad Saeed, the founder of Jamaat-ud-Dawa, the charity that fronts for the militant group, Lashkar-e-Taiba. More