Word: chand
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Hervé Chandès, the Fondation Cartier's director, calls graffiti "a dance with the walls, with the night, with the police." As this exhibition proves, the dance is still evolving. See fondation.cartier.com for details...
...there's surprisingly little evidence that promise can be met. No long-term study has measured how often borrowers graduate to the middle class. "Is microcredit a cure for entrenched poverty?" asks Northeastern University professor Rashmi Dyal-Chand, who focuses on microfinance. "There aren't the statistics to prove that...
Unfortunately with so much money flowing into microfinance, many donors have lost patience with investing in long-term development infrastructure. Dyal-Chand estimates that at least half of development aid has been diverted to microlending over the past two decades. "There's nothing sexy about hospitals, schools, roads, sanitation projects," she says. "But those are all the things the truly poor desperately need...
HARI RAM SON, MOHAND CHAND & SONS, GOVIND GEMS, NP JAIN, RM BUMB read the signs on the shop stalls. Pitliya Jewellers has a table with a plastic washbasin filled with pearls. Jain families?members of an ascetic religious group that observes strict dietary rules?run the businesses; Muslims are the expert craftsmen. Later I notice a poster of Mecca in a workshop where four men facet lemon quartz in a weird green glow. Gauri Shankar Dangayach, production manager of one of Gem Palace's cutting units, leads De Taillac down several side streets with open gutters and into...
...Bhopal's tragedy?dreadful enough?was then compounded. In the two decades since the disaster, the survivors have seen a more insidious venom spread across the town. Without a healthy work force, the economy stagnated as businesses and factories such as Chand's ice-cream factory, which had paid for a five-bedroom house and three servants, closed overnight. Replacing them were an army of quacks, fly-by-night nongovernmental organizations and lawyers. After fighting compensation claims in the courts for five years, Union Carbide paid out $470 million, but victims often received only $500 for injuries...