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Pawnshop business booming in down economy
KDVR-TV Share    
Pasternack's Pawn Shops in Denver have been in Scott Pasternack's family since 1919. As you might imagine, he's seen a strange item or two come through his doors. "This guy walked in with a fake leg and pawned it off. He had to hop out of here," says Pasternack. Now, Pasternack is seeing something even new to him: unemployed customers who are pawning off high-priced items to start their own small business. "They can get the cash they need from a
short-term loan and start a business or pay off their mortgage for the month." More
Sears, Kmart get in the gold buyback game
National Jeweler Network
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Sears and Kmart stores are among the latest chain retailers to begin offering a formalized gold buyback program, with the stores now offering the services via their jewelry departments. According to a news release issued by Sears Holdings, the buyback program is being launched in conjunction with Pro Gold Network, a Madison Heights, Mich.-based purchasing, manufacturing and refining facility. Consumers looking to sell gold or silver
items can pick up ProKits in the jewelry department of Sears and Kmart stores.
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Pawnshop clerk honors ashes of woman she never knew
The Columbus Dispatch
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No one ever drops into a pawnshop looking for a deal on a set of cremains. Too bad. For the past couple of years, Donna O'Dell, a clerk at Uncle Sam's Pawn Shop in Columbus, Ohio, has offered to give up a box of human ashes for a price not to be refused — free. "I've had Goldie for two years now," O'Dell said. "I was brought up to
believe that you respect the dead as much as you respect the living. With my faith, I just don't believe that you can throw something like this out."
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2 million complaints to banks, while pawnbroking on the ascendant
The Earth Times
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It has been revealed that at the end of last year, more than two million complaints were made to United Kingdom banks. The Financial
Services Authority disclosed the staggering information, as pawnbrokers continue to celebrate increased interest in their industry due to the loss of trust consumers are feeling towards Britain's banks.
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Pawnshop owner new member of Irving City Council in North Texas
The Dallas Morning
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Roy Santoscoy and Mike Gallaway, Irving, Texas' newest City Council members, have a lot in common. Both own businesses in south Irving. Both are minorities elected May 8 to what had
been an all-white council. Both are bald. The goals the men will bring to their first regular council meetings spring from a common vein of civility. Santoscoy, who owns Roy's Pawn Shop on Irving Boulevard, wants to build consensus amid controversy on a council whose meetings have often been marked by political discord.
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History Channel's 'Pawn Stars' meet fans in Port Charlotte, Fla.
Suite101
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All it took was a phone call from Steve Duke, owner of Westchester Gold and Diamonds, to entice two celebrities of History Channel's Pawn Stars to visit Port Charlotte, Fla. More
than 2,500 fans came out last week to the Southwest Florida pawnshop, some waiting more than half an hour, to meet Rick "The Spotter" Harrison and Austin "Chumlee" Russell.
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National Pawnbrokers Association Convention Pawn Expo 2010!
Discover the answers to your toughest business challenges.
The National Pawnbrokers Association Convention PAWN EXPO 2010 is the most comprehensive gathering of educational speakers, manufacturers, distributors, and wholesalers in the industry. It is a tremendous opportunity to grow your business, ask questions, learn from experts, and network with fellow pawnbrokers from
across the country. Click here to learn more.
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Tucson, Ariz., city leaders pass pawnshop ordinance
KOLD-TV
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Owners of pawnshops and second-hand stores will now have to reach deeper into
their tills after city leaders have passed an ordinance, charging new fees. Businesses that conducted at least 1,000 transactions the previous year will have to buy a license for $1,000 from the city. According to the new ordinance, they must also buy a ticket for each transaction form, but unlike former proposals that would have required a ticket for each qualifying item listed on the form, all items would be included under the single document by the revised ordinance. That would cut the
fee by at least one-third of earlier proposals.
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Why gun sales are faltering
Bloomberg
BusinessWeek
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The firearm industry marches to its own drummer. It thrives when manufacturers and retailers — together with the voluble National Rifle Association — convince
heat-inclined consumers that tougher gun control is on the way. That paradox of declining gun sales in an era of relative gun friendliness was on display at the NRA's annual meeting in Charlotte, N.C. Keynote speaker Sarah Palin, during a raucous sold-out rally at the Time Warner Cable Arena, tried to stoke fears of regulatory oppression. Still, she conceded that President Barack Obama and his allies have avoided the gun issue.
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Ezcorp buys $8.2 million in Cash Converters International
shares
Austin Business Journal
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Austin, Texas -based pawn and loan giant Ezcorp Inc. has purchased 16.2 million shares of similarly-modeled Australian company. Ezcorp purchased the Cash Converters International Ltd. stock for about $8.2 million, assuming about 32.8 percent of the company's outstanding ordinary shares. The investment is the second time Ezcorp's bought into the company after buying a chunk of shares last November.
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We have been buying diamonds from pawnbrokers since 1977.
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