Nobelist sees loans as anti-terror tool

Economist Muhammad Yunus accepted the Nobel Peace Prize for his breakthrough program to lift the poor through tiny loans, saying he hoped the award would inspire “bold initiatives” to eradicate a problem at the root of terrorism.

Yunus, a 66-year-old Bangladeshi, shared the award with his Grameen Bank.

“We must address the root causes of terrorism to end it for all time,” Yunus told hundreds of guests at City Hall in Oslo. “I believe putting resources into improving the lives of poor people is a better strategy than spending it on guns.”