3 News 20 Aug 2012Loan sharks charging interest rates of up to 400 percent per annum are exploiting Maori, Pacific and low income New Zealanders, Otago University researchers say. The study by the university’s health promotion and policy research unit in Wellington says the impact of loan sharks in low income suburbs of South Auckland and other cities is affecting the health and well-being of New Zealanders. “Loan sharks target and thrive in low income communities because consumers are borrowing for everyday needs,” says lead researcher Associate Professor Louise Signal. The study recommends tighter regulation of loan sharks, including a cap on interest rates at 48 percent per annum, and introduction of responsible lending requirements. The study also says more work needs to be done to inform vulnerable communities about financial literacy and the risks involved with loan sharks and borrowing.http://www.3news.co.nz/Researchers-call-for-loan-shark-regulation/tabid/421/articleID/266067/Default.aspx
Mario Balotelli made the headlines this week for swapping his Liverpool at shirt at half-time, with the Reds losing 3-0 to Real Madrid.A lot of people were unhappy about this, although that may have more to do with the fact that Balotelli has been crap since signing for Brendan Rodgers’ team.But for some the Italian’s actions were somehow disrespectful to the shirt.Just how highly prized is a Balotelli Liverpool shirt, though?talkSPORT thought we would put it to the test on the Great British public.