Visionary Kushal Chakrabarti is providing a solution. design mind ON AIR’s Chris Sallquist spoke with Kushal, the founder and CEO of Vittana, a person-to-person micro-lending Web site that makes it possible for students, wanting to go to college in developing countries, to get loans.
Tagged with “lending” (3)
Explains how hard-working, responsible graduates become mired in impossible debt. Reviews the history of a predatory industry that has bribed universities, financial aid officers, and Congress to strip all consumer protections. Details the underhanded tactics, usurious fees, and draconian collection practices that have driven borrowers out of jobs, out of the country, and out of their minds.
Reads the poems "All the Hemispheres" by Hafiz, "Caretake This Moment" by Epictetus, and "Life is a Garden, not a Road" by Bokonon. Gives some biography on Epictetus and the Stoics, and presents elements of the religion started by "Bokonon" in Kurt Vonnegut’s Cat’s Cradle. Elucidates the checkered past of Daylight Saving Time and questions whether it’s saving time or stealing it.
Read the show transcript while listening, and view our images, videos, and links on the Third Paradigm website:
Financial historian Niall Ferguson knows humanity’s long trail of boom and bust cycles. But he is hardly buried in the past.
In the long run-up to today’s crisis, Ferguson was warning loud and clear that we were headed for trouble. He called it early, and he called it right.
Now, Ferguson is sizing up the mess we’re in. Bottom line guess, he says: we’re headed for ten percent unemployment and five-plus years of hard times.
On the other side, the world could look quite different. But the U.S., he says, still has some good cards to play. Saving graces.
This hour, On Point: Niall Ferguson, and the big view of the mess we’re in.