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One of a kind pawnshop coming to Sioux Falls, South Dakota
KDLT-TV
By Thanksgiving 2015, Sioux Falls will have a new entertainment scene, and will be home to the largest pawnshop in the Midwest. Businessman, Chuck Brennan, recently announced his latest project: Badlands Pawn, Gold, & Jewelry. Brennan hopes the $15 million venture and future 40,000-square-foot facility will put Sioux Falls on the map, and create a new tourist stop in South Dakota.
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TruTV's Hardcore Pawn, on the business of people and pawning
Forbes
The Pawnbroker is an adaptation from Edward Lewis Wallant's novel of the same name. It surrounds (fictitious) German-Jewish University Professor Sol Nazerman who loses his family and his spirit to a German concentration camp. In his post-camp survival, along with working hard to avoid dealing with emotions, he moves to America, plants roots in a Bronx high rise, and sets up a pawnshop in East Harlem. … Fast forward to today: With approximately 25 percent of the domestic population being “underbanked” and requiring at least one source of alternative financial service in a given year, pawnbroking is big business. On-the-ground negotiations, pricing against futures, lean interest rates, and a whole host of complexities that come with the human element of consumer-level exchange make this a competitive, and for those that thrive, lucrative industry.
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Brookings, South Dakota, pawnbrokers touting military memorabilia
The Associated Press via Watertown Public Opinion
Brookings, South Dakota-area residents interested in getting a look at some items of military history don't have far to go. They can head downtown and check out Bargains on Main. It's listed twice in the Yellow Pages: once under "Pawnbrokers" and again under "Secondhand Stores." Bargains is owned and operated by Corey Haug, who purchased it from his father, Robert Haug. It's been in business about 6 ½ years.
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5 men armed with hammers smash display case at Husar's House of Fine Diamonds near Milwaukee
WITI-TV
West Bend, Wisconsin, police are investigating an armed robbery that occurred at the Husar's House of Fine Diamonds. Police say five males entered the store armed with hammers. Those hammers were used to smash a display case. The suspects then removed numerous watches and fled the store.
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Unbolted to do battle with pawnbroking industry in the UK
Professional Jeweller
New company Unbolted has launched in a bid to challenge what it describes as the U.K.'s "out-dated" pawn and secured lending industries with a new peer-to-peer online offering.
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The New York Times on auto title pawns
The Washington Post (commentary)
Todd Zywicki, a senior scholar and senior fellow at George Mason University and Foundation Professor of Law at George Mason University School of Law writes: As I have illustrated previously, The New York Times has come completely off the rails when it comes to "news" coverage of consumer credit issues. Indeed, it appears that the paper is not even making an effort to distinguish news reporting from editorializing, as its Christmas Day article, "Rise in Loans Linked to Cars Is Hurting Poor" indicates.
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Shoppers describe panic at International Plaza in Florida during jewelry store robbery
WFLA-TV
Shoppers ran as fast as they could, as news spread of a possible shooter at International Plaza in Tampa, Florida. Some, with terror in their eyes, bolted for exits as a warning blared from the mall's P.A. system. "They were saying, 'Attention, this is mall security. Everybody needs to evacuate the mall,'" said witness Jeremy Darko.
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Man burned trying to save dogs in Ohio pawnshop fire
WJW-TV
A man was burned trying to save his dogs from a fire at a Canton, Ohio, pawn/repair shop. According to the Canton Fire Department, the fire broke out at Andrew's Saw Co. One man was taken to the hospital with burns after he tried to get into the building to save his two dogs. The dogs did die in the fire, according to firefighters.
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Gold coin sales fall as prices stagnate
The Wall Street Journal
Sales of gold coins from some of the world's largest mints declined last year as stable prices discouraged investors and demand declined in Asia. The U.S. Mint and Australia's The Perth Mint recorded markedly weaker sales of gold bullion coins as the broader market muddled through a year in which gains were capped by expectations for higher interest rates as the U.S. recovery gained steam. Gold is often seen as an alternative store of value during periods of economic uncertainty.
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New California gun law to close single-shot exemption loophole goes into effect
Guns.com
Several new California laws aimed at firearm safety are underway. Among them is Assembly Bill 1964, which bans the sale of single-shot handguns modified from a semi-automatic rate of fire. Gun shops were still able to make these modifications, but once the law went into effect on Jan. 1, the practice is restricted to break-top or bolt-action guns only.
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Pint-size burglars crash vehicle into Georgia pawnshop
The Atlanta Journal-Constitution
A group of pint-sized burglars smashed a vehicle through the front doors of a Clayton County, Georgia, pawnshop. The shop's manager was shocked when he reviewed surveillance video and saw children running through the business. Channel 2 Action News reported the thieves drove a stolen car into Southland Pawn & Jewelry.
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