After Redundancy - Global Payday Lending
Thinking Allowed
BBC
4.4 • 997 Ratings
🗓️ 10 December 2014
⏱️ 29 minutes
🧾️ Download transcript
Summary
Global payday loans: Laurie Taylor talks to Carl Packman, a researcher and writer, who has analysed the growth of a worldwide industry. Today there are more payday lender shops in the US than McDonald's restaurants. They cater mainly to those without access to mainstream credit and with no other option. But how did they evolve and proliferate? And what is their impact on the most financially vulnerable consumers? He's joined by Johnna Montogomery, an economist from Goldsmiths, London.
Also, redundancy at a Welsh aluminium plant. Tony Dobbins, Reader in Employment Studies at Bangor Business School, asks why re-training has failed to provide jobless workers with a fresh future.
Producer: Jayne Egerton.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Take some time for yourself with soothing classical music from the mindful mix, |
| 0:06.0 | the Science of Happiness Podcast. |
| 0:08.0 | For the last 20 years I've dedicated my career to exploring the science of living a happier more meaningful life and I want |
| 0:14.4 | to share that science with you. |
| 0:16.1 | And just one thing, deep calm with Michael Mosley. |
| 0:19.4 | I want to help you tap in to your hidden relaxation response system and open the door to that |
| 0:25.4 | calmer place within. Listen on BBC Sounds. |
| 0:30.3 | This is a Thinking Loud Podcast from the BBC and for more details in our terms of use and much, much more about thinking aloud, go to our website at BBC.co. UK. |
| 0:44.0 | Hello. Now we all knew that Jill had lost her job, a contract with an IT company not |
| 0:53.4 | been renewed and she joined us in the pub for a drink we made a collective effort not to talk about our own work and tried as tactfully as possible to ensure that she never had to buy around but one evening when we'd all have quite a few drinks, |
| 1:05.1 | we felt her talking about our busy lives. |
| 1:07.2 | You know, the sort of conversation, |
| 1:08.2 | hardly a moment to think, busy, busy, busy, busy, |
| 1:10.0 | that all that sort of stuff. |
| 1:11.2 | It was then that one of us turned to Jill and said it must be all right for you. |
| 1:14.6 | You can stay in bed all day, can't you? No, said Jill, I'm busier than all of you. There's only one thing more |
| 1:20.8 | tiring than work and that's looking for work. Well that all happened |
| 1:25.1 | several years ago but I did remember Jill's retort when I was reading a new research |
| 1:29.2 | article in the journal Work Employment and Society. It's an article which looks closely at the ways |
| 1:33.9 | in which those made redundant by the closure of an aluminium plant on the Isle of |
| 1:37.7 | Anglesey sought to find alternative employment. The full title of that article is |
| 1:42.0 | Make Do and Mende after redundancy at Anglesey |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.