Transparency note: The West's leading pro-youth economist in the sceknd half of the 20th century
was dad (The Economist's Norman Macrae). Dr Yunus was kindly chief guest at my father's 85th and last public birthday party- series rememberance parties to father
to date: @ boardroom of The Economist ; by South Africa's Founder of the whole Free University system movement Taddy Blecher; by Japanese Embassy
in Dhaka celebrating forst 40 yeras of Bangaldesh's pro-youth and pro-poorest mothers economic networks; and on 6 December
2013 Glasgow University's Principal double celebration of the leading Adam Smith scolar Andrew Skinner and dad - firstname.lastname@example.org
- Bethesda MD 21 November 2013
excerpt from year 42, quarter 1 of Youth Entrepreneurial Revolution and Open Education good
news letter started in The Economist by Norman Macrae
taddy blecherand bransons next phase of free university -1 million jobs in 5 years,
14 million teenagers every year being trained on entrepreneurshipwith support of government, google and others - a model extendible to any african country where government wants
youth jobs- and endorsed by pretty well every youth who has been on bransons course ; apart from the world's number
1 youth inveetment bankers out of bangladesh, Taddy has always been skoll's most valued entrepreneur
in total education systems well until skoll also featured khan academy last april at his world entrepreneur summits- tantalisingly close to useful connections if
only we can find more capital cities (beyond Atlanta) where enough educators and leaders really want them for their youth ...
are or were youth's greatest job creators that Scotland has ever connected through?
In 2008, Dr Yunus celebrated the 250th anniversary of Adam Smith conceptualising economists and those most trusted
to design futures that improve the lot of bnext generations- help us rediscover analysis models Smith and Yunus and Youth
would value most 123
Future of Grameen Scotland- journalizing 12 minute training models
millions of youth most need to interact around to create jobs out of every village or community
This version of Grameen
Scotland start in February 2008, where my father celebrated his 85th and last public birthday party with Muhammad Yunus at
40 guests at the Royal Automobile Club, 2 minutes walk from the pro-youth economics epicenter of St James- founded back in
1843 as The Economist
ideas currently the only university in Scotland partnering
online free education experiemts is Edinburg-can you help linkin your most passiate future work, Edinburgh online educators
and millions of youth?
Bits of grameen Scotland's history my family links to
Back in 1843 two scots
known to my family were passionate about pro-youth investjmnt banking and massively circulating any economics maps the
industrial revolution would need to progress youth out of every community. Ne my 3 time grandfather was a clergyman on the
isle of aran- his main job every week facilitating local investment in the islands people to sail the seven seas. Back in
1700, Scotland lost more than half of its money in an international financial scam. England took over the nation but the cost
was no jobs for over half of scots who thuise became on of the first wortldide entrepreneur netwo rks
youth in washington
dc invite scottish youth to replicate our model -who wants to start editing scotland happy 2013 blog along lines of
is the 170th birthday of a scot's attempt to use media to end hunger - mostofa checked out yunus likes the idea of regenerating
that last thursday -one of the wealthiest family shareholders of this media will be visiting dhaka in spring to catalogue
latest advances in microenergy and report back to prince charles a supporter of banker for the poor as in yunus first book
of that name
next dc meeting 2 january
-new year cards are
being circulated around dhaka- you can make your own from attached -
how can dc youth assemble a calendar of times and spaces to pitch their ideas to converge
with yunus and the scottish curriculum of end hunger networks
join us at the next real meeting on this calendar in dc will probably
be on 2 january with guest naila chowdhury whose career has included being ceo of yunus grameen technology solutions and several
leadership jobs at grameen phone- naila is offering stalls for student competition leaflets where 3000 youth will meet in
dc on a sunday in april
commit to helping find publication of a best handbook of youth projects to be published for massive handout when yunus testifies
at congress (his gold medal award) - date unknown but best guess is fall 2013
equally the journal of social business
edited by adam smith scholars out of glasgow wishes to feature any student ideas that can scale - and a twin team of mit students
is pending january searching for 2013 startups that most merit crowdfunding assuning obama's jobs act see light of day
educator entrepreneurs from around the world including the two from dhaka and the mandela partnerships in free universities
out of s.africa will be circulated ideas wherever they match their needs - a call for microeducationsummit as a way of actioning
post 2015 millennium goals is already being led by the greatest educational and open tech revolutionaries and we trust bottom-up
bankers , energy networkers and funders
happy 2013 chris macrae dc region tel 301
Ever since Glasgow University welcomed Yunus as the 21st C Adam Smith, at the 2008 quarter
of a millennium celebrations - Glasgow has arrived as one of the 3 great academic (Kyushu Japan, 100 southern usa university
consortium of SB student competitions) and pro-youth economics partners of Nobel Laureate Muhammad
Yunus . It has started up 2 journals of Social Business in 2010 as well as Glasgow Caledonian investment in the second social
business professorship (first on healthcare and microcredit), the virtually free nursing college and from October 2012 Yunus
as Chancellor. Of course, just as Scotland became one of the first worldwide diaspora nations we aim to maintain the most
uptodate collaboration entrepreneur partner maps with Yunus and his 50 most exciting youth projects around the world of investing in net generation's co-production of millennium goals. For example down south
in London, Yunus inspires the great microenergy awards network championed by Prince Charles and Lord Sainsbury's eldest daughter
http://ashden.org/ and his briefings 123 of staff at The Economist are world famous among leaders
celebrating the 40th year of the magazine's genre of net generation Entrepreneurial Revolution and 170 year since Scot James
Wilson started the world's number 1 end hunger viewspaper mediating sustainability of cross-cultural commonwealth.
Back at his Nobel Prize, Muhamad Yunus surprised the world: he declared that he wanted to go beyond microcredit
and converge microbanking, micro education for jobs and microtechnology. Look right to see the sort of expoential progress
he's been making. Could it just be that 2012 will be the last year that presidentail candidates spend billions of dollars
advertising that they dont know how to invest in youth creating jobs.
..Could state by state youth jobs
competituions be more economic than billion dollar naysaying elections. Why not join Georgia, North Carolina, Oregon, Dc.
MD , VA in test marketing what student sb entrepreneurs can do thru ac year 2012-2013 - email@example.com -special thanks to all those involved in reporting the first month of how NC started up the year 012-013
JOY OF PROMOTING ATLANTA COLLABORATION YUNUS & YOUTH ENTREPENEUR COMPETITION
The UNC Social Business Conference asked student teams from across the UNC system to identify community problems,
then take a business-oriented approach to solving them. 31 student teams from all 17 UNC campuses developed
proposals that they hoped would both solve community problems and be self-sustaining. Students worked with faculty and staff
beginning last spring, then with mentors from TiE Carolinas and the SBTDC, to develop plans that built off their knowledge
of a wide variety of disciplines, and observations to address community problems related to food and agriculture, energy,
job training and retraining. Some examples:
During the conference, teams made preliminary presentations in front of small groups of judges, selected from across
the state and the nation for their experience in community engagement and business. Judges moved forward to the finals student
groups from Ellizabeth City State, Fayetteville State, NC A&T, NC State, UNC Chapel Hill, UNC Greensboro and Winston-Salem
State. After final presentations in front of the entire room, NC State’s “Pennies for Progress” team finished first, followed by a plan from Fayetteville State, a proposal to convert biowaste, with UNC- Chapel Hill’s recycled medical equipment proposal finishing third along with Sanitation Creations, which is now running a crowdfunding campaign to allow the team to consult with energy experts who will help the company further develop the bag collection process and the method for turning waste
to energy using the filled bags.Currently they have raised $1465 of the $3000
required to meet their preliminary goal. http://sanitationcreations.com/
The NC State proposal http://www.pennies4progress.org, outlines in detail a strategy for retailers to donate one penny of every purchase to supporting nonprofit work, thereby
relieving nonprofits of some of the challenges of fundraising
This week's other best news from world of youth and yunus entrepreneurs.
One of the winning teams form the 2012 UNC Social Business Competition Sanitation Creations, is running a crowdfunding campaign to allow the team to consult with energy experts who will help the company further develop the bag collection process and the method for turning waste
to energy using the filled bags.Currently they have raised $1465 of the $3000
required to meet their preliminary goal. See below for the link to their fundraising page and their website:
.Who's Network of Who of Grameen Scotland and UK - more here on why there are at least 3 networks 1) linked to shareholder activists at The Economist, 2) Glasgow Caeldonian Strategy,
3 Other Friends of Grameen and Yunus.....
That this House welcomes the news that Nobel Laureate Muhammad Yunas is to be appointed Chancellor of Glasgow Caledonian
University; congratulates the university on the appointment of the world thought leader in social business and international
anti-poverty campaigner to the role; recognises that he already has a well-established working partnership with Glasgow Caledonian
University through the Grameen Scotland Foundation and Yunas Centre; notes that Professor Yunus succeeds Lord Macdonald of
Tradeston, who has completed a distinguished five-year term of office; and further recognises the world class strengths of
the higher education sector in both Scotland and the UK.
..How is Scotland helping the greatest living pro-youth economist..please
rsvp firstname.lastname@example.org My dad , Norman Macrae The Economists's Unacknowledged Giant- was a great pro-youth economist. His 85th and last public birthday party was spent celebrating Dr Yunus with launch of 2000
Social Business Bookclub at The Royal Automobile Club 2 months before this great video from 10 Downing Street.
Entrepreneurial Revolution erworld.tv Last Lunch .. Norman Macrae , unacknowledged giant, hosted his last lunch for mapping Free Markets of end hunger and end poverty -
goals The Economist was founded round in 1843...
1:03 Muhammad Yunus discusses social business potential of Orphan Drugs. These are medicines - eg cholera vaccine - which
have been invented whose patents are held by big pharma companies who say vaccines are no longer profitable from their
misvalued views of brand marketing..
A month after dad's death in 2010, we helped sponsor Yunus July 4 weekend in
Scotland aka his 70th birthday wishmaking party with 500 people at Glasgow University
My list of favorite ways Scotland
is helping youth and net generation's most joyful economist Dr Yunus is:
Grameen Nursing College with Glasgow Caledonian
Nike and ... potentially the most economic interventuon in healthcare of the last half century as well as a sea-change
in how educational apprenticeships are viewed
Launch of the Journal of Social Business - the only pro-youth economics
publication yet known that invites you to debate how to free an global market to sustain the greatest purpose youth could
spend lifetimes co-producing if we fully understood Adam Smith's reasoning. In the post-indutrial that da's life at
The Economist was dedicated to debating, those who make the biggest decisions on resources invested in each glbal market are
required to demonstrate impacts on the most passionate knowledg e networkers serving thise markets. (Transparency note
- my family helped provide loans for yunus to celebrate journal of social business.)
The generosity of Sir Tom Hunter
helped Clinton start his Clinton Global Network - whether Clinton has actially used that bto advance pro-youth economics is
something more politically astute people than me wil need to call. Yunus is now taking a mch more direct approach with youth
celebrating huge student SB competitions of which Tokyo's 30 january 2013 with 12000 youthy will be the most exciting youth collaboration entrepreneur brainjam yet
question when brown was prime minister, given his love of advancing the lot of people in Africa: why didn't
he discuss with dfid how to transform themselves around yunus bottom-up system designs- belatedly historians will probably
write that obama's biggest achievement was getting usaid to step back and ask how to redesign whole value chains to
end poverty- why didnt brown have that impact on dfid
History up to 1700 Scotland
invested more per head on youth education than any country in Europe, then an international financial scam and bad banking
bankrupted socotland- the hostile takeover by England was the result. Scotland was governed as a colonial outpost -in the
lands my clan came from, tax overlords from london ruled that sheep were quarterly more profitable than people. Over half
of scots had to entreprenurially siail the seven seas to earn a livelihood; Adam Smith started penning economics as a future
antidote to such top-down empires; in 1843 Scot James Wilson went down to Scotland and designed The Economist - its declared
goal to end hunger, its wider goals to help queen victoria change slave-making empire to commonwealth - so what's that got
to do with the future of youth from 2012? is scotland still a world epicentre of pro-youth economics and Entrepreneurial Revolution?
Danny Boyle's Opening of the London Olympics was the smartest billion
person broadcast that humanity's future histories have ever enjoyed. It shone light on UK innovations to such markets as nursing
and healthcare, childrens literature, the worldwide web and mobile telecoms, and even the industrial revolution exciting to
value for the greatest advances in the human lot.
The net generation is facing changes even greater than
the industrial revolution, and irreversibly sudden worldwide. So knowing Keynes conclusion that economics is how peoples
futures are designed and media chooses how many people are freely included in designing these futures is critical
There is no reason why 2010's access to million times more collaboration technology cannot
be the most productive time for worldwide youth. But as the first book on the net generation predicted in 1984 the opportunity to design such futures needs the smartest of old broadcast and new interactive media not
the dumbest. Compare what Berners Lee intended for the www in 1990 and what has been spun the last 20 years and the risk is
the web will be reduced to an invitation of mass media destroying its unique education and productive possibilities.
Danny's previous films -eg slumdog millionaire - fit nicely into celebrating the fact that
those challenged by the most urgent needs are making the mobilising the most exciting innovations of collaboration technology.
His relationhsips with the African charity
Dramatic Need can linkin with s.Africa's world leadership of free universities supported by partners of Mandela including Richard Branson
can be designed as a public service (as well as an open space for how innovation resolves conflicts between people connected
by the same issue but with passionately rival ideas) by and for everyone. This isn't what happened in the west as the television
age accidentally turned public servants into public managers, and access to future design to the most short-term soundbiters.
FREEMARKETRole - Unacknowledged heroine of affordable healthcare and community job creation
What would world miss without Barbara Parfitt?
Recommended peoples purpose of healthcare-affordable so that nobody dies
before their time as a joyfully active contributor to business or society - depends on communities celebrating nurses. To
deeply understand the possibilities we celebrate understanding the inspiration of Barbara's project of ending nurseless
Having spent most of her life out of Glasgow training as many nurses for the National Health
Service as anyone, Barbara decided to become the practice leader of the Grameen Nursing College in Dhaka Bangladesh - the
flagship collaboration project of social business healthcare which Dr Yunus first announced to the world in his Laureate speech
Next youth collaboration challenges
As many worldwide youth as possible
need to know how and why to advocate for the end nurseless village project as being the most pivotal of all Girl Power projects.
It can create tens of millions of jobs for young women who would otherwise be underemployed, or in developing countries married
through dowries or other mechanisms that dont empower a human being to develop her own greatest talents
Tens of millions may be an underestimate the more we look at how mobile technology can
change total education and health systems. For example village girls can now take mobile ultrasounds around village ,mothers
to be so that the ten per cent in danger at birthtime are identified ahead of time. More at www.grameenhealthcare.com
There is ample research to show that vocationally-motivated nurses know how to run more affordable
healthcare than lawyers or non-medical administrators. When it comes to doctors and pharmaceutical companies the relationship
needs restructuring to take full advantage of the order of magnitude more time that nurses spend with patients and in empowering
communities to develop peer to peer knowledge.
Case referenceask for
the process a life in the day of a boy with hemophilia which helped to bring together all uk connectors of this specialist
community of practice more joyfully as well as more economically.
Norman foresaw how the first net generation designed healthcare as pivotal to creating
3 billion jobs - especially the billion jobs that arise from ensuring that every global village is capable of healthily and
productively sustaining children born there
nice thing about celebrating nurses and networks searching for extremely affordable healthcare is that it advances open source
practices and brings down degrees of separation on life critical information searches in ways that make the most value multiplying
uses of tim berners open architecture of the worldwide web
Further reference- ask email@example.com for notes
on applying emotional intelligence to nurses visions of the NHS - a collaboration project of the EU knowledgeboard.com sig
on emotional intelligence which chris was volunteer origin of during its first 3 years of knowledge sharing
Sir Tom Hunter- 200/3leaders of 2010s -youth's most productive generation
FREEMARKETRole - Unacknowledged Hero Investing in Changing World Summits
What would world miss without Sir Tom Hunter
Scot Sir Tom Hunter's initial funding, Its not clear that Bill Clinton would have got started with his various global stages
starting each UN year off with world development commitments by the great and good
Most of the impacts
of Clinton Global networks may be more indirect than direct :
The UN cant reach the bottoms its most supposed to help
without grassroots partners and youth mediating. In fact if you want revolutionary experiments go do them and invite UN to
join them in once you've got a local entrepreneurial revolution ready to replicate
Next youth collaboration challenges
global university in 2012 has come up with an interesting ideas- ask 7 youth region groups across usa to come up with Q&A
As Clinton hasn't reciprocated on Scottish end of hunter foundations' goals, we need to!
Hunter Foundation: Effect positive, long-term cultural change to deliver a ‘can do’ attitude initially in Scotland via major investment in, largely, educational
programmes. Why?The more enterprising the nation, the more economically
stable it becomes providing the necessary funds to deliver for all.Education is the ultimate change agent in achieving this end goal.
Norman Macrae Foundation www.yclub100.com next actions
We are interested in
helping Friends of Scotland make sure that all the movements that hunter invested in Clinton starting connect through Scottish
youth entrepreneurs and other places that entrepreneurial economics began precisely because the peoples and place weren't
a favorite capital of top peoples summits
Its a pity that the number 1 entrepreneurial revolution alumn
of scottish universities - sir fazle abed- never met Tom Hunter while he was the UK's wealthiest philanthropist especially
as both se education as the change that begets al other changes
download more profiles of 100 collaboration leaders of 2010s = youths most productive
Scots are one of lead connectors of pro-youth economics because:
nation in modern times to lose independence to a finacial scam - in fact adam smith's work appears to be motivated by preventing
this fate impacting other nations
developed community mediation processes as way of negotiating with those who would
rule over people
1843 founded the journal aimed at ending hunger and capital abuse of youth- queen victoria asked the
journal's network to help her end empire and start up commonwealth
as a small place win-win world trade - and innovations capable
of sustained improvement of the human lot is regarded as the best a Scot can be. Our heroes include Fleming's penicillin,
Livingstone's mission networks , Logie Baird's tv ...
if the worldwide was to design an emotional intelligence test
for 11 year old and for 18 year olds on mediating pro-youth economics, which books would you use - we'd love to hear
from anyone voting for either keynes general theory or The Economist's centenary autobiography published in 1943 - firstname.lastname@example.org
With our auld entrepreneurial allies the French, Grameen Scotland is one of the top 10 search spaces of yunus10000.com - which seeks to prove that 10000 NetGen youth sharing and acting on the yunus pro-youth economics mindset can grow the worldwide economy faster than any 10000 bankers can collapse it
Scotland's lead projects include:
Journal of pro-youth economics and Social Business- edited by adam smith scholars- a commitment
by glasgow university at the interdenpencce weekend 4 july 2010 sponsored by norman macrae family foundation and celebrating with youth the birthday wishes of dr yunus 7th decades ; on the other side of the Atlantic Norman Macrae
Foundation's main contribution is to the Yunus student entreprenur competitions format - a 12-year collaboration among
hundred of usa's porest univetsoties aiming to go stateswide fo year 2012-13- see news at http://jobscompetitions.ning.com/ - as 6 generation's of media and mediation experts our favorite youth celebration project is coordinated by Monica Yunus
out of New York http://www.singforhope.org/ . NMFF also sponsors youth's leading book clubs on pro-economics including Yunus2050 bookclub, Krugman End Depression
Now Bookclub, MIT Innovations Financial Inclusion journal club. Remembrance parties co-hosted by NMFF alow peoples to searc
out their nation's number 1 pro-youth economists and job creators
the virtually free
nursing college a worldwide partnership in ending nurseless vilages whose knowledge is led by the senior
practitioner of training nurses of galsgow caledonian- virtually free university movement was pioneered by mandela partners
out of s. africa and its lead coordinator is http://www.taddyblecher.com/ - another top 10 scout for actioning yunus10000.com
the 21st C scottish entreprise
vision of sir tom hunter- the entrpreneur who fuded the start up of the clinto global initative
the number 1 benhmark for loans that end unemployment in europe http://www.adie.org/ who have spebt many years helping the eu understand bottom-up community banking with the help of over 500 banking volunteers mainly from BNP bank
number 1 pro-youth dialogue being led by a european presient or prime minister
france (HEC-Danone-Schneider) and
scotland (Glasgow Caledonian) were the first 2 nations to appoint full social business chairs
usa: April 2, 1985 ; uk 1984 (as 2024 Report)
2025 REPORT: A Concise History of the Future 1975-2025. By Norman Macrae. 258 pages. Macmillan. $18.95.Published UK 1984. WHEN a
new President was entering the White House at end of 1988, he found himself confronted by a frightening
situation. At his first major briefing from the Central Intelligence Agency, he learned
that the most politically influential general in the Soviet Union had been bombarding
his colleagues in the Kremlin with memos arguing that they should take advantage of their temporary
position of strength and pursue a much more aggressive foreign policy, on the assumption that if they set the West a series of deliberate challenges an inexperienced American administration would be bound to run away
All very scary, but fortunately there
were members of the Politburo who were equally alarmed. One of them, Andrej Borovsky, sent
a secret message to the President revealing that he and a group of colleagues planned to take power, but they could only hope to succeed if they had American support. Once their coup had succeeded, they would move as quickly
as possible to introduce an open society and a free-market economy.
A cool customer, Borovsky. He had even thought things through to the
point where he was skeptical about the likely benefits of economic aid; he was convinced
that the part played by the Marshall Plan in the recovery of West Germany had been exaggerated,
because ''it was the do-gooders' best excuse for explaining why brutal free markets worked.''
If his letter sometimes makes him sound suspiciously Westernized, it is not altogether
a coincidence. Norman Macrae, who conjured him up, has been deputy editor of The Economist
for the past 20 years, and almost everything in ''The 2025 Report'' has a touch of the
breezy hyperconfident manner that that journal generally favors. Mr. Macrae is an old hand at the game of economic prophecy, and it should be said that he has had some outstanding successes in his time; he was one of the first,
for example, to predict the postwar rise of Japan.
On this occasion he foresees a happy outcome. The Americans take a gamble on Borovsky,
and ''the glorious and almost bloodless Russian counter-revolution of 1989-90'' is followed
by a long period known as ''the gunboat years,'' during which the two superpowers exercise
an increasing degree of global hegemony. This is frequently denounced as neo- colonialism, which it is - but it is also the only effective way of policing a world in which many states are ruled by despots who might well
turn out to be crazy enough to use nuclear weapons.
Meanwhile, the Third World is still desperately poor, there is a looming possibility
of conflict between North and South, and finally in the year 2005 a new American President
who is called Roberta Kennedy (and how one wishes she weren't) sounds the alarm. Viewers
throughout the world are invited (by a Nobel Laureate whose exceptionally joyous nature turns him into a curious tv star) to participate in a two- way television symposium, and several million tap in suggestions
on their terminals. After computers have sifted the good ideas from the dross, the result
is the creation of the ''Centrobank,'' a body empowered to supply the poorer countries
with enough new foreign exchange to insure internal growth ''at the fastest possible non-inflationary pace but not by one penny faster.''
system is not only a triumphant success; it also leads to a rapid decline in the importance of governments, and of the nation state. And at this point Mr. Macrae switches from political science fiction to socioeconomic
prediction; the rest of his book consists of a survey of the kind of world he thinks we
can expect by 2025 if freedom and rationality are given a chance.
It will be a world of unprecedented abundance - thanks to such things as crop engineering, microbial mining, the cultivation
of ''single cell protein'' - and a world of unprecedented freedom, in which people will
be able to live more or less where they choose and ''telecommute'' to work. Children will
be able to start work, if they want to, as soon as they have taken their ''Preliminary Exam''
(on average, at the age of 10 1/2; along with reading, writing, computer and so forth, the subjects tested will include ''emotional balance'' and ''civilized living''). Adults who have been studying or enjoying their
winner Yunus has a new idea for attacking poverty through capitalism: Enlist companies whose mission is to change the world.
By Alan M. Webber,
21 May 2008
Muhammad Yunus has already changed the world once, which is why he was awarded the Nobel Peace Prize. By creating the
Grameen Bank and using microfinance to improve the lives of the poorest of the poor in
Bangladesh, he demonstrated a transformational model for eliminating poverty.
Now he's playing an even bigger game: Yunus wants to transform capitalism.
Of course, he'd never be so confrontational as to come out and say that. A story he told
me while we were recently together in Sweden describes not only Yunus' mission but also his
The way he tells the story, every time a
new head of the World Bank is named, he calls Yunus. When James Wolfensohn became World
Bank president, he welcomed Yunus to lunch and began to quiz him about his recently announced goal for reducing — and ultimately eliminating — poverty.
"I understand you intend to lift 100 million people out of poverty," Wolfensohn said.
"That's right," Yunus told him.
"Don't you think that's a little overly ambitious?" asked Wolfensohn.
"No," said Yunus. "We've looked at the numbers and we think we can do
it. But," Yunus went on, "if you think it's too ambitious, what do you think
is a better number?"
When Wolfensohn didn't
answer, Yunus offered a number.
Wolfensohn shook his head. Too low.
"20 million?" Yunus offered.
From Wolfensohn's reaction it was clear that number was still too low.
"How about 50 million?" Yunus asked.
Wolfensohn seemed pleased by that number.
"That sounds about right, " he said.
"OK," Yunus told him, "you do 50 million and I'll do 100 million."
And that's how you win the Nobel Peace Prize: by making peace with the powers-that-be,
the keepers of the status quo, rather than by declaring war on them.
Yunus is using the same mild-mannered approach in his campaign to
transform capitalism. On the one hand, as an economist and, now, a banker, Yunus embraces
the discipline of the market. On the other hand, he believes that profit-maximizing companies
turn complex human beings into one-dimensional creatures, devoted only to making as much money as possible. Pure-profit maximization is bad for people, for the environment and, ultimately, he argues, for capitalism, since it
places unsustainable demands on the system.
But if unfettered capitalism has its shortcomings, so does out-and-out charity. Yunus sees charity
as a bad bargain for both those who give it and those who get it. Rather than providing
a path to self-improvement, charity relieves recipients of the responsibility for their
own betterment. And those who give charity find themselves writing a check every year for the same problem, without any expectation that it will ever be solved.
Finally, Yunus takes a hard look at corporate social responsibility and finds little to love there, either. In fact,
it is the worst of both worlds. It gives companies permission to operate as pure-profit
maximization enterprises, then allows them to feel a little better about themselves by
writing checks for charity. Nothing fundamental happens to improve the lives of billions of people who are doomed to living in poverty.
is not to say that there isn't a solution — a brilliant solution as proposed and already tested by Yunus. The answer
to the profit maximization vs. charity dilemma is to create a new hybrid option: the social
business. A social business must operate in the marketplace and earn the support of real
customers who pay real money to buy a real product. At the same time, a social business
has a social cause, not just a financial goal.
can identify myriad such causes; they exist wherever there is an unserved population. A social business could provide health care to those currently left out, feed malnourished children, provide clean drinking water to
communities, or offer insurance to the uncovered.
Social businesses have investors — but they're neither hoping to maximize their
profits nor writing off their investment as a charitable gift. The first profits from
a social business go to paying back the investors. Once they've recouped their investment capital,
investors forsake additional returns. Instead, profits from the social business go back into the business, to help even more people. Think of it as capitalism with a human face.
Yunus has test-driven the idea of a social business in a partnership he forged with Danone, the French
food producer called Dannon in the USA. A joint venture between Grameen Bank and Dannon
has produced a yogurt social business producing a tasty product for the children of Bangladesh.
Yunus reports that, in less than 18 months, two cups of the fortified yogurt per week dramatically
improves the health of malnourished children.
particularly exciting about Yunus' campaign for social businesses is how timely it is. Americans, in particular, are hungry
for this kind of hybrid thinking. Foundations are looking for social entrepreneurs to
whom they can give grants. But social businesses offer foundations something beyond grants.
Social businesses will offer solutions that work in addressing societal problems and,
at the same time, create solutions that are self-sustaining.
Statistics show that in the USA, 115 non-profits are formed every day, as young people look for ways to go beyond making
a living to making a difference. Americans want a new option for making real change, one
that runs like a business and delivers real help to needy people.
Muhammad Yunus' social business idea offers a vehicle for doing both. It's the kind of
creative economic thinking that could earn Yunus a second Nobel Prize — this time
nation whose people and government wanted Dr Yunus as their chief economist would be most fortunate during 2010s - the exciting net generation decade.That one at the most
critical juncture of sustaining Asia Pacific www century – Norman Macrae, The Economist’s Unacknowledged Giant
chris macrae1-301 881 1655 begin_of_the_skype_highlighting 1-301 881 1655
Grameen Scotland - a fans web of yunus, adam smith scottish and jb say french schols of microeconomics and entrepreneurship
made worldwide famous by family of James Wilson from 1843 - whose goals were to repeal corn law and capital publishment
before closing down The Economist
Welcome to GCU New York, the home of a distinctive Scottish presence. Scotland is renowned worldwide for the quality of
its education and entrepreneurship, and now Glasgow Caledonian University plans to bring a range of its executive education
programmes to New York City.
GCU New York will initially offer a range of non-credit and non-degree-related executive
education programs and masterclasses in key areas of strength, including the business of fashion, luxury brand management
and finance and risk management. Following the granting of a charter by the New York State Education Department, GCU New
York will offer a range of postgraduate programs including courses from the ground-breaking GCU British School of Fashion which was launched in London earlier this month.
The University's Chancellor, Nobel Laureate Professor Muhammad Yunus,
is one of the world’s most decorated citizens for his pioneering work in micro-lending and alleviating world poverty,
and aholds America’s highest civilian honours – the Congressional Gold Medal and the Presidential Medal of Freedom.
well as satellite campuses in New York and London, GCU has partnerships in Oman and Bangladesh (the Caledonian College of
Engineering and the Grameen Caledonian College of Nursing), and associations with universities in North and South America,
South Africa, the Middle East, India and China. The University, which can trace its origins back to 1875 through its
founding colleges, also has a strong international presence at its main campus in Glasgow, with more than 100 countries
represented among its 17,000-strong student body.
Underpinning Glasgow Caledonian University’s wide range of
activities is its deep-rooted social conscience and commitment to the ‘common good’ enshrined in its old Scots
motto ‘For the Common Weal’. This commitment is manifested through the University’s community outreach
programs in Glasgow and its satellite campuses, and will be an important feature of GCU’s presence in New York City.
Glasgow, for example, student volunteers work with more than 7,000 children and 2,400 parents through the award-winning
Caledonian Club to help improve access to higher education, while a similar scheme operates out of GCU London.
Caledonian University has also facilitated bringing the Grameen Bank micro-lending system to the UK – the lending
scheme pioneered by Professor Yunus which has helped lift millions of people out of poverty worldwide – and which
now operates in around 100 countries, including Grameen America in New York. In Bangladesh, the University supported
the establishment of the Grameen Caledonian College of Nursing to provide educational opportunities for rural young women
from Grameen families, to raise nursing standards to international levels and to help develop local communities through outreach
from The Centre for Development (CfD) Scotland.
We are delighted to inform
you that as usual we are organising a Celebratory Reception Event in honour of Nobel Peace Laureate Prof Muhammad Yunus who
will be installed as the Chancellor of Glasgow Caledonian University next Friday. The celebratory reception will be held on Saturday, 27th October: 2.00pm to 5.00pm
at a local Hilton Hotel function suite.
It is our further pleasure that the event will coincide with
Muslims' Holy Eid Festival which is on 26th October. The event will allow us exchange of Eid Greetings amongst us, including
Prof Yunus, his family and a number of guests from Bangladesh, Europe and America.
You are well aware that in 2007 The Centre for Development (CfD) took the initiative and successfully
connected University of Glasgow and Glasgow Caledonian University with Prof M Yunus and Grameen organisations in 2008 and
2010. It is a matter of pride for all of us that he is now the Chancellor of a British/Scottish university.
Spent time in Washington DC earlier this week at the BAI conference and did a small question and answer session
with a number of leading bankers before my main talk on stage. They asked me all sorts of questions, from how best to motivate
and manage people, through to why did Virgin get involved in banking in the first place. A few in the room thought it was
a very un-Virgin industry to be in - too staid and boring. I explained that's just why we wanted to get into it: our way of
doing things can create a real difference for customers and staff.
One of the more thought provoking questions
was regarding the role the branch network has in today’s fast-moving world of internet banking and new technology. In
the UK we acquired 75 Virgin Money branches with the acquisition of Northern Rock. While many in the room were unsure of the long-term position of the branch
or bank, I said I thought it was a key part of our promise to make banking more personal and trusted.
banks have a transactional in and out model, which does not help create feelings of trust and good communication. We want
people to stay, linger and enjoy being part of our club - both customers and community. The Lounges are about building relationships
with customers - destinations customers want to spend time in rather than a cold, functional and transactional place you have
to go to and can't wait to leave.
I have said before how I took a sledgehammer to the glass screens in our
ticket offices at Virgin Trains - as I did not want our customers and staff separated in that way. In our banks you do need
security measures for some transactions but there is no reason why the majority of services can't be done face to face, with
a human touch.
We have introduced Virgin Money Lounges in Edinburgh, Norwich and Manchester - where you can check
your emails, read the paper and have a cup of coffee. We want our customers to feel special and so we have started to look
at how we can make these lounges feel more like our airline clubhouses.
That is not to say new technology doesn’t
have an important role (quite obviously, as I am blogging about this on LinkedIn!) However, it can be in conjunction with
human conversations. While many people do a lot of their banking online, I believe personal interaction has a key place in
banking - and business for that matter - today. Getting rid of branches completely would be a back step in the wrong direction.
What do you think? Should banking disappear from our high streets? Or can we have the best of both worlds?
That this House recognises that people on low incomes are often excluded from mainstream financial
services and that many have poor financial literacy skills, which makes them more likely to end up in debt; notes that this
exclusion leads to a reliance on door-step lenders, pawnbrokers, payback stores and payday loans which come with vastly inflated
levels of interest; and calls on the Government to take action to provide greater access to free money advice services, regulate
high-interest lenders, promote alternatives such as credit unions, and ensure that everyone has access to a basic bank account.
Filter EDMs by:
of signatures:40 Showing 40 out of 40
I first got interested in how to brand nations in late 1980s while authoring the first complete book on branding
- world class brands. The book caused me no end of trouble as i was working at price waterhouse coopers and it effectively proved that the whole
global accounting of intangibles, goodwill not to say transparency, win-win-win models and sustainable exponentials had taken
a wrong turn- even after the disgrace and closure of andersen, anyone who has studied the brookings inquiry on unseen wealth
will know we are still ruled by big brother metrics that destroy youth's freedom to be productive quicker and quicker
can scotland as a nation that
invented ecionomics as the way of debating what system designs would prevent desruction of youth futures help now that its
university system is being turned bottom up with yunus's chancellorship
clearly if you see that nations can only sustain growth if they invest in
youth's future productivity then liberating youth practice around yunus through social busienss competitions and scaling that
up across your state or nation is the only whol game youth have to play
you can help with a test case - what advice do you have for branding scotland
www.grameenscotland.com round its best contributions to yunus and youth
Anton Muscatelli, Principal Glasgow University, Yunus Institute of Social Business
Yunus History at Glasgow University -delivered Adam Smith Lecture 1 December 2008 as part of 250th anniversary celebrations
of Adam Smith's The Theory of Moral Sentiments , while Sir Muir Russell was Principal. Anton Muscatelli became
Principal and Vice Chancellor In October 2009. On 4 July 2010 Anton signed Memorandum Of Understanding with Dr Yunus
to make Glasgow University and Institute of Social Business. This makes Glasgow unique in the world in having 2 university
partnerships with Dr Yunus (Glasgow Caledonian has Yunus Centre partnership formed by Principal Pamela Gillies and Yunus
Social Busienss professor of healthcare Cam Donaldson)
wikipedia on Anton Muscatelli: Professor Muscatelli
succeeded Sir Muir Russell as Principal and Vice-Chancellor of the University of Glasgow in October 2009. One of his first actions was creation of a post of Senior Vice-Principal, with responsibility for internationalisation,
a key aspect of his strategy for the University. He also put forward proposals to the University Court which would see the University's current nine faculties restructured into four Colleges: College of Arts, College of Biomedicine,
College of Engineering and Physical Sciences and College of Law, Business, Social Sciences and Education  The plans for restructuring have since been approved and will be in place by August 2010. Such structures already exist
at other universities in the UK, including Aberdeen, Birmingham, Dundee and Edinburgh.