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Contributed by William Frank Diedrich
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 Dr. Muhammad Yunus Something From Nothing by William Frank Diedrich. To make something from nothing is what visionaries do. In the 1970's few entrepreneurs were looking for opportunities in Bangladesh. What opportunities could be created with millions of poverty stricken people? Yet one man saw something in what appeared to be nothing to most people. His name is Muhammad Yunus, and he founded the Grameen Bank. Dr. Yunus, an economist, and his bank have been awarded the 2006 Nobel Peace Prize. How and why did a banker win this year's Nobel Peace Prize? He won the award because he made something from nothing.
Dr. Yunus began Grameen Bank by loaning $ 27 to a poor bamboo stool maker and 41 other desperately poor villagers in Bangladesh in 1975. A whole new industry of micro credit, loaning small amounts of money to poverty stricken people, was born. As of August, 2006, Grameen has loaned over 6 billion dollars to over 6.6 million borrowers, 96 percent of them women. Interest rates on Grameen's loans are about 16 percent, and 98 percent of them are repaid. (Typical independent money lenders in poor countries charge 50 percent.) Grameen now employs over 17,000 people. |
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Contributed by Greg Heslin
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 What's Telecommuting? What Is Telecommuting? by Greg Heslin. With all of the hustle and bustle in today’s modern workplace, some people have chosen a different path. Those who dread the everyday commute to work and the long hours in a cubicle have turned to telecommuting for the opportunity to work as an independent employee. Telecommuting, also known as e-commuting or e-work, is the term used when individuals take advantage of the many technological advances to work from anywhere they desire, giving themselves flexibility in their hours and work locations.
In today’s job market there are endless obstacles that must be overcome in order to find a good job. Many skilled workers who do not live in an area where their preferred business is prevalent will oftentimes be required to move or take jobs outside of their market. Telecommuting has allowed for decentralization from the traditional workplace and enabled individuals to work where they choose. These opportunities are great for one-parent homes or homes where only one parent is able to work. Telecommunication also allows anyone with physical obstacles the ease of working from home. Some workplaces make it difficult for a handicapped person to travel to work easily and telecommuting gives those individuals the security they need to be able to earn a living. |
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Contributed by Gary Giardina
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 Gold Bar "USA Makes Owning Gold Illegal" by Gary Giardina. There was a time, for forty one years that it was illegal to own gold. In 1933 Franklin D. Roosevelt made it illegal for any person in the United States to own hoards of gold. The ban was not lifted until legislation was signed in 1974 by President Gerald Ford. Although the new bill did not do away with the Gold Clause Resolution of 1933, people could now buy and trade gold as a commodity.
This all happened after the great depression. Foreign banks, who were afraid of the failing economy, were turning in their paper money in exchange for gold. The gold supply was being depleted in the US.S. Reserve. Up until then the United States had been on the gold standard. Many dollar bills, like the fifty, were printed with a yellow back which indicated it could be turned in for the gold rate.
The Executive Order 6102 made it illegal for anyone to own more than $100 worth of gold. Citizens had to turn in their gold in exchange for paper money. The gold coins were melted down into bars by the U.S. Treasury department. This was done to keep the U.S. Overseas market avoid panic and keep the dollar afloat. The tactic worked. |
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Contributed by Sam Vaknin
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 Dangerous Banks? Danger - Banks Ahead! by Sam Vaknin. Banks are the most unsafe institutions in the world. Worldwide, hundreds of them crash every few years. Two decades ago, the US Government was forced to invest hundreds of billions of Dollars in the Savings and Loans industry. Multi-billion dollar embezzlement schemes were unearthed in the much feted BCCI - wiping both equity capital and deposits. Barings bank - having weathered 330 years of tumultuous European history - succumbed to a bout of untrammeled speculation by a rogue trader. In 1890 it faced the very same predicament only to be salvaged by other British banks, including the Bank of England. The list is interminable. There were more than 30 major banking crises this century alone.
That banks are very risky - is proven by the inordinate number of regulatory institutions which supervise banks and their activities. The USA sports a few organizations which insure depositors against the seemingly inevitable vicissitudes of the banking system. |
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Contributed by John Cyr
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 Plato & Aristotle Learn From Plato- Suspend Your Judgment by John Cyr. “You are young and as the years go by, time will change and even reverse many of your present opinions. Refrain therefore awhile from setting yourself up as a judge of the highest matters.” – Plato
It is one of the wisest pieces of advice ever given. This advice is 2400 years old. It was given to us by the greatest Greek philosopher known to humans; Plato. The advice is: Refrain from judgment! This is one of the principles behind the adult learning theory known as transformative learning which I will be writing more on in days to come. Principally, adults should spend most of their time re-learning what they have learned. You will see what I mean as you read on. |
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