As our nation’s economy has been declining and struggling to recover for nearly a decade‚ the finance industry has changed with the times. Payday lending and other short-term financing services are now mainstream funding options for many Americans. Despite the predatory practices and unreasonable interest rates‚ alternative funding sources are beginning to become the norm - including pawn brokers. Pawning personal items for quick cash is now so common that reality shows like Hardcore Pawn and Pawn
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1. What is payday lending? A type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post-dated personal check in the amount they wish to borrow plus a fee in exchange for cash. The lender holds onto the check and cashes it on the agreed upon date‚ usually the borrower’s next payday. These loans are also called cash advance loans or check advance loans. 2. Do you think it fills a gap? I believe payday lending fills
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assessing whether an industry has long-term attractiveness‚ there are many important factors that must be evaluated. The first is the industry’s potential for growth. If the industry doesn’t have a good growth potential it may not be profitable for very long or the competition may be too fierce for the market potential. If competitive forces are squeezing industry profitability to inadequate levels and if the competition appears destined to grow stronger‚ the industry will be less attractive
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with answering the questions you have raised then follow with my hypothesis for research questions that you have presented. I believe that payday lenders have an amplified presence in my community. This leads me to answer your second question. I genuinely believe their presence is so extensive that these lending practices could be described as predatory lending due to the disadvantages they pose for my specific community. To place this into perspective. The Texas Tribune recently published an article
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Currently‚ the Airline Industry is one of the most attractive industries. This conclusion was possible after an extensive research in the market. To do this‚ it was necessary to analyze the industry with the five forces model of Michael Porter. The first threat to consider is the entrance of new companies in the market. In this point‚ is possible to say that it’s easier to enter the market than thirty years ago. The deregulation allowed the barriers disappearance and with this‚ the competition
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1. What are the dominant economic characteristics affecting the payday lending industry? Payday lending became relevant because they were marketed to prevent and cover costs from bounced checks and overdraft protection fees‚ late bill payment penalties and other informal extensions of short term credit. When events happen in the economy it can impact the demand for consumer loans. For example‚ generally within the first quarter of the year consumers are receiving their tax returns. If there
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The Ethics of Predatory Lending in the Housing Industry The real estate industry is thriving with approximately sixty-eight percent of all Americans being homeowners. With low interest rates‚ 1st time home buyer down payment assistance programs‚ and government funded educational opportunities (i.e. the Home Ownership Center of Greater Cincinnati)‚ the real estate and mortgage lending industries will continue to flourish. However‚ there are some unethical lending practices that are threatening
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What Can Bones Reveal About Humans? In the article “Ancient Genes and Modern Health‚” authors S. Boyd Eaton and Melvin Konnor reveal the diet of Paleolithic ancestors‚ nutritional variations that accompanied the advancement of agriculture‚ and common illnesses that were frequent in the West but not in hunter-gatherers. As anthropologists have discovered much evidence that early humans were once primarily scavengers and gatherers of plants‚ much valuable information can be revealed about early history
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Explain what Tutankhamun’s tomb reveals about ancient Egyptian daily life and beliefs The discovery of Tutankhamun’s tomb by Howard Carter with the help of Lord Carnarvon in September 1922 provides a great insight into ancient Egyptian daily life and after life beliefs. Tutankhamun’s tomb includes four rooms; the annex‚ treasury‚ antechamber and burial chamber. The artifacts in each of these chambers reveal information about the funeral proceedings‚ the role of the pharaoh‚ foreign influences‚ religion
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assessment in intensive care units (ICUs): construct development‚ reliability‚ and validity of the ICU nurse-physician questionnaire. Medical Care‚ 29(8)‚ 709-726. Dimigen‚ M.‚ Hordem‚ A.‚ Strwart‚ M.J.‚& Westwood‚ J. I. (2012). What do radiology incident reports reveal about in-hospital communication processes and the use of health information technology? Studies in Health Technology and Informatics‚ 178‚ 213-218. Domm‚ E.‚ Eisler‚ k.‚ & Smadu‚ M. (2007)‚ Developing high-quality health-care workplaces:
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