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Why Foreign Aid Is Hurting Africa

The latest article in the Wall Street Journal proving the lamentable point that aid has hurt, not helped, Africa and the developing world.  “Evidence overwhelmingly demonstrates that aid to Africa has made the poor poorer, and the growth slower. The insidious aid culture has left African countries more debt-laden, more inflation-prone, more vulnerable to the …
Blog - Resources

WSJ – Microfinance Safe, Jobs Created

Check out this weekend’s WSJ article on global underground economies: http://online.wsj.com/article/SB123698646833925567.html Approximately 95% of the loans that MFIs make are to street vendors, cab drivers, fish mongers, etc. – quoted “safe havens in a darkening financial climate.” I’m encouraged by the focus on this enormous, vital and poorly understood segment of world commerce.
Blog - Resources

A Social Solution, Without Going the Nonprofit Route

A great article from the NYT.  The movement is growing.