On the Exchange this week we talk with Western Iowa Tech Community College President Terry Murrell about possible state budget cuts that could affect community colleges statewide. We also talk with the author of a new book about the history of the meatpacking business in the Midwest.
WITCC President Terry Murrell
Western Michigan University History Professor Wilson Warren
Payday loan organizations are common in Nebraska. The companies charge extremely high interest rates and operate with few restrictions. However, a new bill in the Nebraska legislature seeks to cap interest rates at 36 percent. It also requires lenders to offer more affordable payments. Bill co-sponsor Democratic Senator Tony Vargus of Omaha says payday loans with interest rates that can top 400 percent often leave people having to borrow more money.