Muhammad Yunus

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Nobel Winner Hit With Banking Probe

Supporters say Muhammad Yunus was targeted for activism

(Newser) - A Nobel laureate honored for fighting poverty with revolutionary microloans is now the target of a government probe. The Bangladeshi Cabinet has ordered an investigation to determine if Muhammad Yunus was illegally benefiting from a tax exemption while he was managing director of the Grameen Bank, and to find how... More »

Bangladesh Ousts Nobel Laureate From Job

Muhammad Yunus ordered to leave as head of his bank

(Newser) - Bangladesh's government fired Nobel laureate Muhammad Yunus as head of his microfinance bank today—an ignominious exit for a renowned activist whose revolutionary idea of giving out small loans lifted many out of poverty. Bangladesh's central bank ordered the 70-year-old's removal from his position as managing director, arguing that he... More »

Medals of Freedom Will Go to Milk, Kennedy, Poitier

(Newser) - This year's Medal of Freedom recipients share a capacity to change the world, President Obama said today in naming the eclectic group. Among the 16 honorees are Sen. Ted Kennedy, slain gay-rights activist Harvey Milk, actor Sidney Poitier, tennis great Billie Jean King, and retired Supreme Court Justice Sandra Day... More »

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