Nine States With Highest Percentage of Borrowers

Payday Loans are a trap of high interest loans for people who have a hard time repaying what they borrow. Oklahoma, Missouri and Washington are the states with the most storefronts that lure borrowers. 

Article written by guest writer Rin Mitchell


What´s the Latest Development?

The Pew Charitable Trusts has identified nine states where the highest percentage of residents had taken out payday loans. Oklahoma came in as the first highest, Missouri second and Washington state is third. The study identified three categories of payday loan regulations: Restrictive states that either prohibit or call for lower interest rates; Hybrid states that allow payday loans, but implement strict regulations; Permissive states that are lax in their policies and allow higher interest rates. According to the study, nearly 5.5 percent of Americans utilized the short-term loan service between 2005 and 2010. “Several states prohibit payday loan storefronts altogether, suggesting that the loans take advantage of low-income borrowers.” 

What´s the Big Idea?

Payday loans are very high in interest and other fees, and target people who struggle to repay their loans. The more access to payday loan storefrontsthe more likely it is people will utilize such services. There are three categories of payday loan regulations: restrictive, hybrid, permissive. “In the country, 28 states are permissive, eight are hybrid and 15 are restrictive.” Eight out of the nine states are permissive, Washington is the only state that is hybrid—so borrowers are somewhat protected there, but also enabled.  

Plants have awareness and intelligence, argue scientists

Research in plant neurobiology shows that plants have senses, intelligence and emotions.

Getty Images
Surprising Science
  • The field of plant neurobiology studies the complex behavior of plants.
  • Plants were found to have 15-20 senses, including many like humans.
  • Some argue that plants may have awareness and intelligence, while detractors persist.
Keep reading Show less

Human extinction! Don't panic; think about it like a philosopher.

Most people think human extinction would be bad. These people aren't philosophers.

Shutterstock
Politics & Current Affairs
  • A new opinion piece in The New York Times argues that humanity is so horrible to other forms of life that our extinction wouldn't be all that bad, morally speaking.
  • The author, Dr. Todd May, is a philosopher who is known for advising the writers of The Good Place.
  • The idea of human extinction is a big one, with lots of disagreement on its moral value.
Keep reading Show less

Space is dead: A challenge to the standard model of quantum mechanics

Since the idea of locality is dead, space itself may not be an aloof vacuum: Something welds things together, even at great distances.

Videos
  • Realists believe that there is an exactly understandable way the world is — one that describes processes independent of our intervention. Anti-realists, however, believe realism is too ambitious — too hard. They believe we pragmatically describe our interactions with nature — not truths that are independent of us.
  • In nature, properties of Particle B may depend on what we choose to measure or manipulate with Particle A, even at great distances.
  • In quantum mechanics, there is no explanation for this. "It just comes out that way," says Smolin. Realists struggle with this because it would imply certain things can travel faster than light, which still seems improbable.
Keep reading Show less