Poverty Is Profitable: 1 out of 3 U.S. Consumers in Debt Collection Status

By: Tuesday July 29, 2014 12:09 pm

A new report by the Urban Institute and Encore Capital Group’s Consumer Credit Research Institute shows 77 million Americans– 35 percent of those with files at a major credit bureau– have a debt in collection.

 

FDL Book Salon Welcomes Michaela Walsh, Founding a Movement: Women’s World Banking, 1975-1990

By: Saturday January 26, 2013 1:59 pm

Back in the summer of 1975, a group of women met at the first United Nations Conference on Women in Mexico City. A Danish economist named Ester Boserup had just published an analysis noting that while women performed over 65% of the world’s work, they earned only 10% of the income, and owned less than 1% of the world’s property. And women were routinely denied commercial banking privileges. One of the attendees, Michaela Walsh, had what was at the time a radical observation: unless women got access to money and credit, they would never have power.

Over the next decade, the network she created, which has come to be known as Women’s World Banking, became one of the pioneering forces in helping women entrepreneurs enter the financial world and get credit they would not otherwise have been able to access. Today, WWB is an integral part of what we all know as microfinance.

President Pushes Job Creation Tax Credit; Sen. Harkin Pushes Back

By: Friday January 29, 2010 3:45 pm

In Baltimore this morning, President Obama announced his proposal for a job creation tax credit for small business, which would spend $33 billion dollars trying to encourage hiring in the small business sector, where a majority of all job creation originates. This is combined with the $30 billion proposal for community banks to lend to small businesses, adding up to a serious commitment to the small business sector.

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