Finally a reporter who actually attempts to explain the objective facts on the current microfinance crisis in the Indian state of Andhra Pradesh. Microfinance by the Numbers by Eric Bellman Here are a few highlights: Default rates by borrowers were ~2% before the politicians intervened and now have risen to 50% since they instructed borrowers… Continue reading India microfinance crisis by the numbers
There was an interesting article in this weekend’s Wall Street Journal’s Weekend Journal called “A New Dawn” which featured too very different perspectives on climate change. One article by Ian McEwan focuses on how developed countries should focus our budgets on climate change and the second article by Bjorn Lomborg focuses on how we need… Continue reading Priorities for helping the world’s poor
There is an interesting annual report out of Copenhagen Business School called the Copenhagen Consensus which hires top economists to identify the global challenges that can be solved most cost effectively … or, in other words, with the best bang for the buck. I think this is an interesting perspective … and while by no… Continue reading Bang for the Buck
Defeat Poverty 