Nobel Laureate: Poverty Fight Essential
By KARL RITTER and DOUG MELLGREN
The Associated PressSunday, December 10, 2006
STOCKHOLM, Sweden -- Economist Muhammad Yunus accepted the Nobel Peace Prize on Sunday for his breakthrough program to lift the poor through tiny loans, saying he hoped the award would inspire "bold initiatives" to eradicate a problem at the root of terrorism.
Yunus, a 66-year-old Bangladeshi, shared the award with his Grameen Bank, which for more than two decades has helped impoverished people start businesses by providing small, usually unsecured loans known as microcredit.
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