National Pawnbrokers Association Announces New Pawn Advocacy Web Site
from National Pawnbrokers Association
 The National Pawnbrokers Association has partnered with the Washington D.C. based government relations firm, mCapitol Management, to drive the NPA Public Relations agenda for 2009-2010. Senior Vice President Patrick Murphy heads up the effort with a top-end political agenda and an aggressive grass roots publicity effort communicating the positive story of the pawn industry, as well as directly addressing potential pawn oriented legislation. Go to www.pawnshopstoday.com to learn more. More
U.S. Economy: Leading Index Shows Recession May Be Nearing End
from Bloomberg
The index of U.S. leading indicators rose in June for a third consecutive month, reinforcing signs the economy may be emerging from the worst recession in five decades. The Conference Board's gauge of the economic outlook for the next three to six months increased 0.7 percent, more than forecast, after a revised 1.3 percent gain in May, the New York- based research group said. It is the first time the index has climbed for three months in a row since 2004. More
Pawnbrokers are the New Economic Indicator
from The Star Ledger
Irwin Sablosky is in a misunderstood business. Most people think of pawn shops as seedy places where thieves turn their loot into cash. But his store, William S. Rich & Son in Union, N.J., looks nothing like the stereotypical pawnbroker you might see in a gangster film. It more closely resembles an upscale jewelry store. More
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Eastern New York Considers Pawnshop Rules
from the Albany Times Union
Those dusty shelves could contain that DVD player, Xbox 360 or digital camera that thieves took from your home. Even though some pawnshop owners say they don't want to stock stolen merchandise, it often cannot be avoided. That's why Schenectady, N.Y., wants to make finding such loot easier by imposing more rules on second-hand stores. More
Six Questions for Glen Parshall, Pawnshop Manager
from the Las Vegas Sun
Glen Parshall has been the manager of Bargain Pawn for the past 4 1/2 years and in the pawn business for 28 years. It’s his second career, he says, his first being aerospace research, where he worked on the MX missile and the space shuttle. Parshall left the industry, he says, because he couldn’t stand living in California. As manager of the store’s manager of the gun and coin section, Parshall says people worry more about crime in a bad economy, and buy more guns. More
Cash for Bling: Gold Buying is Hot
from The Denver Post
Gold buying is hot right now as the price tickles the $1,000 mark again, but the offers consumers are getting to sell their bling is not, with amounts running as varied as the stores looking to buy. Selling gold jewelry for its melt-down value shouldn't be a complex procedure. The price of gold is set on the world markets, fluctuating daily, so in theory it shouldn't be tough to determine what your piece of jewelry is worth. More
No More Online 'Payday Loans,' For Now
from The Philadelphia Inquirer
Texas-based Cash America International Inc. last weekend stopped lending money, at least for now, to hard-pressed Pennsylvanians at high rates of interest from a Web site, www.cashnetusa.com, it thought was beyond the reach of state restrictions. That's after Commonwealth Court ruled 4-3 that the Pennsylvania Department of Banking acted legally in forcing Cash America and other online lenders to get a license that would bring them under state law limiting charges to around 24 percent a year. More
Airwaves Feature Pawnshops, Surgeons as Auto Ads Sag
from Bloomberg
U.S. TV broadcasters, struggling to replace a 20 percent drop in automotive advertising revenue, are turning to pawnshops, plastic surgeons and other nontraditional sources to fill airtime. Across the country, the price of an average 30-second local TV commercial tumbled as much as 20 percent last year from 2007, according to the Television Bureau of Advertising, a New York- based trade organization. More
Gold Rises on New Inflation Wariness
from MarketWatch via ResourceInvestor.com
Gold prices rose and ended last week with a modest gain, as a fresh increase in commodities prices rekindled investor interest in the metal as a hedge against inflation. Limiting gold's gains, the U.S. dollar rose against most of its major rivals, putting downward pressure on dollar-denominated gold prices. More
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