The Internet has managed to disrupt many industries, from publishing to music. So why not lending?
Google is teaming up with the nation's largest peer-to-peer lender. The search and tech giant is investing $125 million in Lending Club, which gets borrowers and lenders together outside the conventional banking system. Google's move and the actions of other big players reflect a growing interest in peer-to-peer lending.
Students associated with the group Brown Divest Coal protested in front of the Brown University president's office during a rally May 3. The group is demanding that the university stop investing in certain oil and coal companies.
Credit Courtesy of Brown Divest Coal
Brown University senior Emily Kirkland (right) speaks with a student newspaper reporter. Kirkland, who studies environmental science, has been leading a divestment campaign at Brown and says she has seen how powerful such protests can be. "Our administration is taking us very seriously," she says.
At about 300 colleges across the country, young activists worried about climate change are borrowing a strategy that students successfully used in decades past. In the 1980s, students enraged about South Africa's racist Apartheid regime got their schools to drop stocks in companies that did business with that government. In the 1990s, students pressured their schools to divest Big Tobacco.
This time, the student activists are targeting a mainstay of the economy: large oil and coal companies.