NEW YORK — Financial services giant Morgan Stanley will cut 580 New York City jobs in the coming months, the New York Times reported. According to a notice filed with the State Department of Labor Tuesday, over a third of the firm’s impending layoffs will come from the four Manhattan branches. The notice cited economic [...]
EarthTalk: Microfinance? Smart grids?
Feb. 9, 2009 1 Comment
Dear EarthTalk: What is “microfinance” and how does it help poor countries and preserve the environment? – Eliza Clark, Seattle, WA The brainchild of Grameen Foundation founder Muhammad Yunus, microfinance is a form of banking whereby financial institutions offer small loans to the poor. The idea behind the concept, which originated in Bangladesh in the [...]