Dr. Jim Yong Kim is a doctor by training, but has been the president of the World Bank for about about a year and a half. Earlier this week, he gave a speech setting up his goals for the bank for the coming year.
In it, Kim explains why poverty was "the defining moral issue of our time," and could be eradicated by 2030.
On his plans to eradicate poverty:
"It's easy to say, and we've been talking about ending poverty for a long time. But this is the first time we can actually see the end. This is the generation that can end poverty. If the poor countries perform as they have over the last 20 years, they're gonna get to about 6 or 7 percent poverty. We have a job to do. What we need to do, is to figure out what they were doing when these economies were growing at their best. And then try to .. re-create some of that magic. It's easy to say, it's morally extremely compelling, but it's going to be hard to do. And we have a lot of work ahead of us.
On focusing on conflict zones:
“We really believe that if you can bring the peacemaking process together with development, you have a much greater chance of having a sustained peace. I think we’ve always known that that’s the case, but the way we’ve been working, we sort of wait until the peacekeeping process sticks. We’re not doing that anymore…we’re going to put on the table real development solutions that will make the peace last.”
On the World Bank's willingness to fail:
“Not only am I comfortable with failure, I come from a profession where we have a very systematic way of dealing with failure. We took some of our most spectacular failures, put them in front of the whole team, and said, ‘look, this is a great lesson.’ I’m really trying to shift the mentality from a risk-averse culture to one that says, ‘let’s take smart risks,’ and the only thing that can go wrong is if something fails and we don’t learn from it.”
The international team says it hopes to begin onsite inspections and the initial disabling of equipment within a week.
You could call Target is the ultimate team player. It has paired up with big names in fashion like Phillip Lim and Jason Wu. It has struck deals with interior designers and celebrity chefs.
Now it’s entering in a new partnership -- and it’s a lot more about finance than fashion.
The retailer said today it’s getting into the pre-paid phone card business, with a new service called Brightspot. And Target’s partner this time is T-Mobile.
The wireless carrier has been making its name as a company that requires no commitment. If you don’t want be tied down with a two-year contract, and last year’s phone? No problem. T-Mobile won’t hold you to one.
And that’s what the Target deal is all about. With Brightspot, consumers can get a pre-paid plan for $35 a month to talk or text, or $50 a month if there’s a data plan in the mix.
Analysts say the partnership with T-Mobile will let Target cash in on the movement among consumers to cut the phone-contract cord. The deal will also help the giant retailer bring in new users, who’d rather pay as they go.
“Customers, can buy these pre-paid phone cards at a variety of locations,” said analyst Jeff Kagan, adding that Target competitor Walmart has built up a big pre-paid card business.
“The question is, ‘Why hasn’t Target gotten into this space?’” said Kagan.
The pre-paid phone card business is worth several billion dollars a year in the U.S., says Burt Flickinger, managing director of Strategic Resource group. He says it’s also a way for Target to expand its market, and “keep its guests or shoppers away from competitors.”
Flickinger says Target gets most of its revenue from apparel and accessories -- and those customers only shop so much. By selling pre-paid phone cards, Target can “get more and more consumers who are cash and credit constrained to come in their stores on a monthly basis instead of a quarterly basis,” he said.
Although the cards carry fees, consumers like their flexibility and the ability to pay for them month by month. Not to mention that Target is offering a $25 gift card to customers who stay with the plan six months in a row.