This Year's Nobel Peace Prize

  1. A lot of times I think our morals as a civilization are out of whack. Woman being arrested after rescuing an abused dog. Stories like that can bring you down. This was the first news story I read today and it made me feel so much better that there are people who are doing great things and being recognized for what they are doing.

    From the Associated Press

    OSLO, Norway - Bangladeshi economist Muhammad Yunus and the Grameen Bank he founded 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.

    The 65-year-old economist said he would use part of his share of the $1.4 million award money to create a company to make low-cost, high-nutrition food for the poor. The rest would go toward setting up an eye hospital for the poor in Bangladesh, he said. The food company, to be known as Social Business Enterprise, will sell food for a nominal price, he said.

    “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.”



    If you're interested in the rest of the article, it can be found here:

    Yunus wins Nobel Peace Prize - International Business - MSNBC.com
     
  2. wow...he certainly deserves it. makes me want to go out and do something good. not that i usually do bad or anything like that...:sweatdrop:
     
  3. That's great! Thanks for the cool post!
     
  4. i luv stories like these, thanks BL.
     
  5. So nice to read some good news for a change! Thanks!
     
  6. BalenciagaLove, thanks for posting this!
     
  7. That's fantastic!
     
  8. yeah, the priest at our church talked about him too.. he seems to be a pretty decent guy.. good for him..