Mid-day Update - Most Recent

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PODCAST: Are black people treated differently on Airbnb?

Jan 23, 2014
Carl Icahn wants eBay to spin off PayPal, separating the online auction site from the digital payment service. And, researchers say that African-Americans who rent out comparable apartments in similar neighborhoods charge less for their listings than white hosts do.

PODCAST: Optimism at Davos

Jan 22, 2014
The World Economic Forum kicks off today in the Alpine town of Davos, Switzerland. 95 percent of people who enroll in massive open online courses, or MOOCs, drop out. And, a recent study shows one in 10 job applicants have been rejected because something turned up in their credit history.

PODCAST: Oil demand booming

Jan 21, 2014
A new IEA report out Tuesday says global oil demand will rise by 1.3 million barrels per day this year. The annual meeting of the World Economic Forum kicks off this week, in Davos. One of the items on the agenda is inequality. And, the JOBS Act will promote equity investing through crowdfunding.

PODCAST: Iran curbs nuclear program

Jan 20, 2014
As part of a deal with world powers, Iran says it has begun suspending its nuclear program. In good times and bad, blacks suffer unemployment at much higher rates than whites. That's been true since the time of Martin Luther King, Jr. And, why would anyone want to work for the government?

PODCAST: Surprise! Smoking is a lot worse than we all thought

Jan 17, 2014
Hey Smoking, you can add diabetes and rheumatoid arthritis to your list too! Studying abroad in Latin America gets a big boost. And when keeping up with the Jones' means getting your own private water well.

PODCAST: The NBA has made it clear -- they want to expand to Europe

Jan 16, 2014
Could personal coaches help low-income students graduate? The NBA is looking across the pond. And the current state of state finances.

PODCAST: The Fed -- cash cow or sitting duck?

Jan 15, 2014
The long-term unemployed, the NCAA debates paying its student athletes, and the Fed's bond portfolio.

PODCAST: The running tab of no tap water

Jan 14, 2014
A Supreme Court case about severance pay, the cost of a water ban, and the Fed's Reverse Repo.

PODCAST: Last week's weak jobs numbers? Blame the weather.

Jan 13, 2014
The weather could be partly to blame for last week's poor jobs report. A new retailer admits to being hacked. And new tools are helping the Fed.

PODCAST: Something rotten in the jobs report

Jan 10, 2014
The U.S. economy added only 74,000 jobs in December, way below most economists' predictions. The unemployment rate dropped to 6.7 percent. Attention, Target shoppers: That data breach was worse than you thought. And, U.S. Secretary of Agriculture Tom Vilsack talks polar vortex, the farm bill, and food prices.

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About this collection

A near billion dollar company, World Finance is the largest of an often-overlooked breed of high-cost lender: installment lenders. Ranging from a few hundred to a few thousand dollars, the loans typically last anywhere from six months to three years. The industry boasts millions of customers and over 4,000 locations across at least 19 states, mostly in the south and Midwest, and touts the product as a consumer-friendly alternative to payday loans. World and its competitors gouge borrowers with unnecessary insurance products and persuade their customers to renew their loans over and over again, creating a cycle of debt that often grinds on for years.