The Crisis of Microfinance

Nonprofit models of microfinance cannot attract substantial capital, but commercialized microfinance seems increasingly unlikely to have substantial social benefits.

The evidence for the efficacy of microfinance in stimulating production and alleviating poverty is so far anecdotal rather than systematic. The idea of borrowing one's way out of poverty is passing strange. And I am unaware of any historical examples of nations that climbed out of poverty on the backs of small entrepreneurs financed by credit. The Grameen Bank has a surprisingly low default rate and it does not have written loan agreements and does not sue defaulters or invoke other legal remedies against them.

How to bring more confidence to your conversations

Entrepreneur and author Andrew Horn shares his rules for becoming an assured conversationalist.

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Videos
  • To avoid basing action on external validation, you need to find your "authentic voice" and use it.
  • Finding your voice requires asking the right questions of yourself.
  • There are 3-5 questions that you would generally want to ask people you are talking to.
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Bespoke suicide pods now available for death in style

Sarco assisted suicide pods come in three different styles, and allow you to die quickly and painlessly. They're even quite beautiful to look at.

The Sarco assisted suicide pod
Technology & Innovation

Death: it happens to everyone (except, apparently, Keanu Reeves). But while the impoverished and lower-class people of the world die in the same ol' ways—cancer, heart disease, and so forth—the upper classes can choose hip and cool new ways to die. Now, there's an assisted-suicide pod so chic and so stylin' that peeps (young people still say peeps, right?) are calling it the "Tesla" of death... it's called... the Sarco! 

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Scientists find a horrible new way cocaine can damage your brain

Swiss researchers identify new dangers of modern cocaine.

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Mind & Brain
  • Cocaine cut with anti-worming adulterant levamisole may cause brain damage.
  • Levamisole can thin out the prefrontal cortex and affect cognitive skills.
  • Government health programs should encourage testing of cocaine for purity.
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