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Home   About   Membership   Resources   Government Affairs   Meetings & Events June. 22, 2010

"Pawn Star" Rick Harrison on history-making show
CBS News    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Rick Harrison owns the most famous pawn shop in Las Vegas. His store, Gold & Silver, is the setting for the History Channel series "Pawn Stars." Over three years, Harrison has become known for his tough-love appraisals of family heirlooms. "Pawn Stars," "Early Show" co-anchor Harry Smith pointed out, is the biggest show the channel has ever had. More



Phoenix to raise pawn fee by 50 cents per transaction
The Arizona Republic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Phoenix residents will soon have to pay more to pawn their stuff. Starting Aug. 1, the transaction fee people pay to take out loans at pawnshops will increase to $3.50 from $3. The Phoenix City Council approved the increase, 6-1, this week with Councilman Sal DiCiccio dissenting. The city is raising the fee for the first time in 12 years to recover the costs of operating the Phoenix Police Department's pawnshop detail. More

In the loop: Carver W. Reed & Co.
Jewish Exponent    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawn to king. Check. Unusual chess move, perhaps, but de rigeur and the right move for anyone familiar with the 150-year-history of Carver W. Reed & Co. in Philadelphia — The company that may just be king of the pawnshops in the city. The check? That's the payoff — payment to customers for those items loaned out to the pawnbroker. Somewhere, Rod Steiger is smiling — if not adding up the goods to be pawned. More

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Fox Valley, Wis., pawnshops get new image after success of 'Pawn Stars' on the History Channel
Appleton Post Crescent    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Television viewers love their "Pawn Stars." Fox Valley pawnbrokers in Wisconsin say whether it's an economy that's driving bargain hunts or the success of the History Channel reality program, they're seeing an uptick in attention. More

House votes for $30 billion small business lending fund
The Associated Press via Google News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A $30 billion government fund would be available to community banks to increase lending to small businesses under a bill passed by the House as congressional Democrats tried to revive their election-year jobs agenda. House Democrats projected that banks would use the fund to leverage up to $300 billion in loans to small businesses, helping to loosen tight credit markets. Republicans called the bill another bank bailout that would do little to increase lending to small businesses. More



Pawnbrokers gain in credit squeeze
Financial Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The struggle for business owners to raise working capital from banks is pushing some to hock Rolex watches, Ferraris and Henry Moore sculptures in return for cash. Paul Aitken, founder of Borro.com, an online pawnbroker, claims that the volume of business customers coming to his website has increased “several 100 per cent” in the past 10 months. More

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Stephenville, Texas cowboy gets back prized saddle from pawnshop
Abilene Reporter-News    Share    Share on FacebookTwitterShare on LinkedinE-mail
article
Sometimes all you need is a little luck — and an expert eye. Stephenville, Texas, resident and former rodeo star G.K. Lewallen, 91, is "tickled to death" to once again be in possession of the prize saddle he won 65 years ago in 1945 at Madison Square Garden. The saddle was stolen from his home in February and turned up recently at a Garland, Texas, pawnshop. Thanks to the watchful and expert eye of John Allen, 28, a Stephenville saddle smith and leather worker, the saddle is now back in Lewallen's hands.

Editor’s Note: As background, the saddle shop owner did not inform the pawnbroker of his suspicions regarding the saddle in questions until AFTER he had attempted to negotiate its purchase price. The Sheriff's deputies showed up at 6 p.m. on a Saturday. The pawnbroker bought them dinner next door, while the theft report was reviewed by the pawnbroker. After talking with the victim's daughter (who offered to reimburse the pawnbroker), the pawnbroker opted to release the saddle at no charge.
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Gold goes for fresh highs
Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Spot gold prices traded as high as $1,260 per ounce as investors look for safety in the precious metal. Most of this morning's gains can be attributed to gold buying as the U.S. dollar is trading close to even against other major currencies. Over the last two and a half months, gold prices have advanced more than 10 percent, while major gold miners have topped those gains, even as the general markets have faltered. More



Grand Rapids, Mich., weighs ordinance to fight thefts
The Associated Press via Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Future thieves who try to fence stolen goods at Grand Rapids, Mich., pawnshops and secondhand stores might be thwarted by steps being proposed by law enforcement officials. The Grand Rapids Press reports that an ordinance being considered by Grand Rapids city commissioners would require pawnshops and secondhand stores to register the goods they receive for resale on a daily basis. More

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NPA Weekly NewsBrief
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