U.Va professor emeritus R.K. Ramazani joins Rick Moore at the WNRN studios for the last Wake-Up Call of 2006. But, Rick isn’t one to look past. Instead, he and Professor Ramazani discuss some of the potential pitfalls of the upcoming 12 months.
Before the show, Ramazani remarked that he’s been making radio appearances for more than forty years.
In his monologue, Rick laments a House subcommittee’s decision to not tighten restrictions on payday lending in Virginia. Some of these companies charge their customers triple-digit APR in order to get some quick cash. Rick says payday loans postpone and augment financial troubles of the poor and desparate, and he thinks that the General Assembly should do something to help.
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