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Posts Tagged ‘global finance’

And the band played on …

Tuesday, April 17th, 2012

Titanic cartoon

The parallel with the current economic crisis is obvious—there will be survivors and victims (and a disproportionate number of these will be from the lower classes).

More generally, the idea of the ship colliding with an iceberg or the sinking ship are commonly used as metaphors for disaster, the iceberg as a metaphor for the cause of a catastrophe, and the lifeboat as a metaphor for rescue.

The credit crisis

Saturday, February 21st, 2009

The Credit Crisis explained :

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Microfinance

Thursday, February 5th, 2009

It is  a London-based charity established in 2002, providing microfinance services in Malawi, Zambia and the Philippines. A huge proportion of the donations we receive goes straight to the people who need it most.

They provide small loans (otherwise known as microloans), basic business training and continuing guidance to groups of women in sub-Saharan Africa. This enables them to develop self-sustainable livelihoods, feed, clothe and educate their families, and work their way out of the poverty trap. 

These people need to be able to provide for themselves and their families – not with hand-outs, but with a steady income from a self-sustainable business.

Get more information here