Issue 2005 June 04
Browse Articles
ENERGY AND PRIMARY INDUSTRY: Day of biofuels has arrived
The prestigious Economist magazine has identified major new high value-added industries which are developing from ethanol as demand increases for renewable fuels that reduce air pollution, writes Pat Byrne.A “startling change to energy markets” from biofuels has been predicted by The Economist magazine. But Australia’s federal and state governments are yet to bite the bullet and establish the industry in this country.Ethanol can…
DEVELOPMENT: Micro-credit – an antidote to poverty and political extremism
The famous Grameen Bank has succeeded in lifting an estimated one million Bangladeshi people out of poverty each year and creating a new entrepreneurial class, writes Pat Byrne.Conventional banks won’t lend to the poor. “They’re not creditworthy,” they say. “They won’t honour their debts.”That philosophy has been turned on its head by Professor Muhammad Yunus, who in the early 1970s, envisaged a means…
