Tag Archives: financial products

UW computer scientists to make financial products better and more available for the poor

In Kenya, the ease of transferring money via mobile phone has increased incomes in rural areas, enabled small businesses to thrive and reshaped the country’s economy.

Thanks to this mobile money revolution, a taxi driver working in Nairobi can give a local merchant $50 in wages and the cell phone number of his wife in the family’s home village. The wife gets a text message, then goes to a rural merchant who either immediately gives her $48, or distributes some portion of the wages and keeps the rest for her in savings. (more…)

Read More

Mystery of 1918 Pandemic Flu Virus Solved by UA Researchers

University of Arizona researcher Michael Worobey and his team have discovered that the key to understanding influenza pandemics may lie in flu exposure during childhood.

Just as the world was recovering from the devastation of World War I, another killer swept across the globe. A deadly flu virus attacked more than one-third of the world’s population, and within months had killed more than 50 million people – three times as many as the war – and had done it more quickly than any other illness in recorded history. (more…)

Read More