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Going through the motions, remaining undeterred - II: Microcredit

What do our pollies in Australia care for microcredit? On September 4 Peter Garrett initiated a debate in the House of Reps urging the government to support the Microcredit Summit goals. As usual, six MPs got five minutes each to speak to the motion, and then the debate was adjourned indefinitely. (Refer my item of September 17 re Darfur.)

Mohammad Yunus wins Nobel Peace Prize

The award to Orhan Pamuk of the 2006 Nobel Prize in Literature put a smile on my face, but I was utterly delighted, if somewhat surprised, to see Muhammad Yunus and the Grameen Bank announced on Friday as winners of the Nobel Peace Prize.

So often, the Peace Prize is awarded to inappropriate people, UN bureaucracies and so forth - there can have been no more daft award of the Peace Prize than to Le Duc Thi and that great humanitarian Dr Henry Kissinger in 1973. And there are people who genuinely believe that George W Bush would be a worthy winner.

Needless to say, they're rather proud of Yunus' award in Bangladesh. Today's coverage of the Nobel Prize from the Daily Star:

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