Word: resultingly
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...compared to traditional lending, as it falls outside of the mainstream economy. And there does still seem to be equity available for microfinance; recently, for example, a couple of large private equity deals were completed in India. Repayment rates remain very high, 97% or 98% in many places. That results from good, old-fashioned credit methodology - you know a household's capacity to repay. That's the kind of old-fashioned banking that some people feel was absent in this latest round of banking disasters. At the same time, we are seeing many microfinance institutions (MFIs) scaling back expansion plans...
...them is a huge service,” volunteer Jessica K. Bryant ’09 says. Several volunteers have built personal friendships with prisoners, which give them insights into both the workings of the penitentiary system and the role of social circumstance in life choices. As a result, the program “challenges the notions we have about human value,” says Bonsey. But even with the program’s regulations and difficulties, relationships with prisoners occasionally continue in surprising and inspiring ways: “I had a crazy moment actually this week, when...
That wasn't quite the result Chávez got. The PSUV did win 17 of 22 state governorships, the lion's share of mayoral posts and 53% of the total vote, proving that Chávez and his Bolivarian Revolution are still the nation's most potent political force. But el comandante's celebration was blunted by the fact that the opposition won governor seats in three of the most populous states, including Zulia, the nation's oil powerhouse, and Carabobo, an important automobile producer. (Earlier last month, Chávez had threatened to send in tanks...
...remains ineligible to run in the 2012 election, his long-term socialist project will be at risk, mostly because he has few if any viable successors. In recent years he's had to fend off dissidents within his party and coalition, and as a result, he's been reluctant to promote anyone else to the national stage. The Chavista rebels complain that the theatrics of revolution have superseded the obligations of governing in Venezuela. That concern is a big reason why the PSUV lost last week in large urban centers like Caracas and Maracaibo. In those areas...
...decisions spell the end of Prime Minister Somchai Wongsawat's brief term in power, as he is one of the 35-member executive board of the ruling People Power Party. Executive board members are banned from politics for five years as a result of the decision. Somchai said that he accepted the court's call for him to step down shortly after the verdict was announced; the ruling coalition, however, should remain largely intact. Regular members of the three parties - the People Power Party, Chart Thai Party and Matchima Thipithai Party - have 60 days to join another political party...