BASRA, Iraq — The orange glow of the giant natural gas flares in the oil fields around Basra represents this bustling city’s wealth of natural resources. But for the impoverished people who live near them, the flames only serve as a reminder of their inability to share in the riches that lie beneath their feet.
Click here to continue reading the New York Times Article- Marooned on a Sea of Iraqi Oil, but Unable to Tap its Wealth
RAMANAGARAM, India -- A credit crisis is brewing in "microfinance," the business of making the tiniest loans in the world.
Microlending fights poverty by helping poor people finance small businesses -- snack stalls, fruit trees, milk-producing buffaloes -- in slums and other places where it's tough to get a normal loan. But what began as a social experiment to aid the world's poorest has also shown it can turn a profit.
Click here to continue reading the Wall St. Journal's Article- A Global Surge in Tiny Loans Spur Credit Bubble in a Slum
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