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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.

http://www.msnbc.msn.com/id/15246216/

Diuretic wrote: Very much deserved (I'd say "richly deserved" but the bad-joke police would sort me out )


A truly noble gesture fighting against an impossible situation that should shame every multi-national empire in the world. It is, like I said, a truly impossible situation, and I know, having travelled extensively all over the Far East. However, people like Yunus deserve all the credit they can get.

As I sit here typing this out, his actions put me, and countless others to shame. I will pray for the success of his mission. A man who is not prepared to talk, but actually do something about it.