TurkmenPost

OSLO, Norway - Bangladeshi economist Muhammad Yunus and his Grameen Bank won the Nobel Peace Prize on Friday for their pioneering use of tiny, seemingly insignificant loans — microcredit — to lift millions out of poverty.

Through Yunus’s efforts and those of the bank he founded, poor people around the world, especially women, have been able to buy cows, a few chickens or the cell phone they desperately needed to get ahead.

“Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty,” the Nobel Committee said in its citation. “Microcredit is one such means. Development from below also serves to advance democracy and human rights.”

Loans of $200 change lives
Yunus, 65, is the first Noble Prize winner from Bangladesh, a poverty-stricken nation of about 141 million people located on the Bay on Bengal.

“I am so so happy, it’s really a great news for the whole nation,” Yunus told The Associated Press shortly after the prize was announced. He was reached by telephone at his home in the Bangladeshi capital Dhaka.

Grameen Bank was the first lender to hand out microcredit, giving very small loans to poor Bangladeshis who did not qualify for loans from conventional banks. No collateral is needed and repayment is based on an honor system.

Anyone can qualify for a loan — the average is about $200 — but recipients are put in groups of five and once two members of the group have borrowed money, the other three must wait for the funds to be repaid before they get a loan.

Grameen, which means rural in the Bengali language, says the method encourages social responsibility. The results are hard to argue with — the bank says it has a 99 percent repayment rate.

more at MSNBC.

As the world grapples with how to rein in the "axis of evil" state which this week conducted a nuclear test, this spectacular satellite photo unveiled yesterday by US Defence Secretary Donald Rumsfeld shows in stark detail the haves and have-nots of the Korean peninsula.

The regime in the north is so short of electricity that the whole country is switched off at 9 p.m. - apart from the capital of Pyongyang where dictator Kim Jong-il and his cohorts live in relative luxury. But even there, lighting is drastically reduced.

The result, as shown in this picture taken one night earlier this week, is a startling contrast between the blacked-out north and the south, which is ablaze with light, particularly around major cities and the capital, Seoul, in the north-west of the country.

Mr Rumsfeld showed the picture to illustrate how backward the northern regime really is - and how oppressed its people are. Without electricity there can be none of the appliances that make life easy and that we take for granted, he said.

"Except for my wife and family, that is my favourite photo," said Mr Rumsfeld.

"It says it all. There’s the south, the same people as the north, the same resources north and south, and the big difference is in the south it’s a free political system and a free economic system.

"The people in the north are starving, their growth is stunted. It’s a shame, a tragedy."

An aide added: "This oppressive regime is too busy trying to make war to make life comfortable for its people."

via Daily Mail.

Radar Online has published a photograph of California Governor Arnold Schwarzenegger engaging in lewd behavior with a young woman in a restaurant.

The photograph, believed to have been taken in the early 1980s, shows the former bodybuilder in a restaurant with three men and two women. In Schwarznegger’s arms is one of the women, whose leg is lifted by one of the other men. One of the governor’s hands is covering the young lady’s genitalia–and one of this fingers is not visible, apparently directed inward.

"Though technically not a ’shocker,’" the site writes, "that Arnold has been hiding the fact he only has nine fingers is certainly news where we come from."

The photograph, which some might consider offensive, may be viewed at Radar Online.

Talk show host Oprah Winfrey and humanitarian rocker Bono hit the city’s "Magnificent Mile" on Thursday for a shopping spree to promote a new line of clothing, accessories and gadgets, including a special-edition iPod, that will raise money to fight AIDS in Africa.

Dozens of "(Product) Red" items will go on sale in the coming weeks by Gap Inc., Apple Computer Inc., Motorola Inc., Converse Inc. and Emporio Armani.

Portions of the product sales will go to The Global Fund, an organization that fights AIDS, tuberculosis and malaria.

"Some people won’t put on marching boots, so we’ve got to get to people where they are at, and they’re in the shopping malls," Bono said in a phone interview. "Now you’re buying jeans and T-shirts, and you’re paying for 10 women in Africa to get medication for their children with HIV."

The Gap, which will debut its Red line in stores on Friday, will donate half the profits to The Global Fund.

Apple will contribute $10 from the sale of each new red-colored iPod nano. The model, priced the same as its $199 cousins, goes on sale Friday.

The celebrities, who arrived at the downtown Chicago Gap store in a red Ford Thunderbird, got a sneak peak at the products during a private shopping stint that will be broadcast Friday on Winfrey’s show.

After visiting the Gap, the duo walked along Michigan Avenue to an Apple store and picked up the red iPod, the first music product from the Cupertino, Calif.-based company designed to raise money for charity.

The two also stopped at Armani and Motorola stores.

"Shop ’till it stops," said Bono as he walked out of the Apple store clutching bulging shopping bags.

So far, the (Product) Red initiative, which began this spring in Britain, has raised more than $12 million for African AIDS programs, said Doug Piwinski, a spokesman for (Product) Red.

With Apple’s iPod alone, The Global Fund stands to raise millions of dollars. During the holiday quarter in 2005, Apple sold 14 million iPods. The iPod maker also plans to donate some proceeds from a $25 iTunes Red gift card to the organization.

"I love the fact that Bono is trying to do something about this problem," Apple’s CEO Steve Jobs said in a phone interview. "I’ve never been to Africa, but you don’t have to go there to know there are a lot of people dying of AIDS there. In a small way, this is something we could do about it."

Bono, who knows the difficulties of raising awareness for social causes, was thrilled with the retailers’ efforts for the campaign.

Gap had its four-story store in Chicago decked out in red banners. Apple planned to light up its flagship 5th Avenue store in New York in red on Thursday night.

"We’ve moved from the philanthropy budgets to the marketing budgets, and guess what, there’s no comparison in size," Bono said. "We now have some of the most creative people in commerce — Steve Jobs, the marketing people at Gap and Motorola — all working for the world’s poor. That is so so cool."

Electronically tagging passengers at airports could help the fight against terrorism, scientists have said.

The prototype technology is to be tested at an airport in Hungary, and could, if successful, become a reality "in two years".

The work is being carried out at a new research centre, based at University College London, set up to find technological solutions to crime.

Other projects include scanners for explosives and dirty bomb radiation.

Dr Paul Brennan, an electrical engineer, is leading the tagging project, known as Optag.

He said: "The basic idea is that airports could be fitted with a network of combined panoramic cameras and RFID (radio frequency ID) tag readers, which would monitor the movements of people around the various terminal buildings."

The plan, he said, would be for each passenger to be issued with a tag at check-in.

He said: "In our system, the location can be detected to an accuracy of 1m, and video and tag data could be merged to give a powerful surveillance capability."

more at BBC.