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Kill switch reduces smartphone theft
Smartphone thefts are down 40 percent in London, 22 percent in San Francisco and 16 percent in New York, while iPhone thefts, specifically, are down even further in each city, according to a press release from the New York attorney general's office. New York Attorney General Eric Schneiderman, London Mayor Boris Johnson and San Francisco District Attorney George Gascón head the Secure Our Smartphones initiative, formed in June 2013, to lobby smartphone companies to introduce these features.
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With old system broken, Flint, Michigan, police chief changes pawnshop sales
The Flint Journal
Pawnshop employees have spent countless hours filling out paperwork for police every time they make a transaction in Flint, Michigan. But for years, those paper slips became little more than clutter at police headquarters, put away in boxes without being entered into the database designed to help identify stolen property, according to Police Chief James W. Tolbert.
2-carat diamond found in Arkansas park
When fields get plowed, diamonds don't usually pop up. That's unless you're visiting Crater of Diamonds State Park in Murfreesboro, Arkansas. That's where Dean Filppula, an offshore steward from Shreveport, Louisiana, found a yellow 2.01-carat diamond.
'Pawn Stars' Rick Harrison, on fame, family, being a 'history nerd' and designing an app
Orange County Register
Rick Harrison didn't expect his "Pawn Stars" series on the History channel to become a hit. But now, six years after it began, it's one of the most popular reality shows on cable TV, appearing in 150 countries and in 38 languages.
Borro banks $19 million for online luxury pawnshop
The Wall Street Journal
Operating an online pawnshop featuring fine wine, art, antiques and other luxury goods, Borro Ltd. originated $75 million in loans last year to cash-poor, asset-rich individuals. That amount, which generated $20 million in revenue, was up 80 percent from the previous year. The startup's growth, along with its unique niche within a large and growing group of alternative lending tech startups, captured the attention of private investors who plowed $19.5 million into Borro to bankroll its continued expansion.
3 things entrepreneurs can do today to prepare for retirement
Some entrepreneurs say they'll work forever. Yet there comes a point when most business owners want to retire and transfer their ownership in order to enjoy everything they've worked so hard to obtain.
Popular business tax breaks in Obama budget
Small businesses would get increased tax breaks under President Barack Obama's budget proposal for the fiscal year that begins Oct. 1. The budget contains a permanent increase in the Section 179 deduction, used by small businesses to write off the costs of buying equipment like computers, machinery and cars. The deduction would be set at $500,000 for the calendar year 2015, and rise to $1 million in 2016. In subsequent years, it would increase according to the inflation rate.
The $46 billion payday lending industry is in for a big blow
The $46 billion payday lending industry is about to suffer a big blow. The Consumer Financial Protection Bureau's release of new payday lending regulations is imminent. The new rules could crack down on high-fee short-term installment loans, like the kind doled out by car-title and payday lenders, according to the New York Times.
China: 'Sneakerhead' pawns 283 pairs of Nike Air Jordans to buy an apartment
Faced with sky-high real estate prices in the Chinese capital, one Beijing man has sacrificed his shoe collection to get a foot on the property ladder. The man, identified only by an English name, Mick, pawned 283 pairs of limited edition Nike Air Jordan sneakers in exchange for a $160,000 loan, which he plans to use to cover the down payment for an apartment to share with his new wife, the pawnshop said.
Rose's Pawn Shop to perform not-so-romantic Valentine's Day concert in San Pedro
The band is named after a member's angry ex-girlfriend, and the songs often talk about heartache, breakups and loving the wrong person. It may not sound all that romantic, but members of the Los Angeles-based Rose's Pawn Shop are still promising a good Valentine's Day show in San Pedro with some indie rock, punk-laced bluegrass and Americana music that will likely get couples dancing after a romantic meal.
Branson Board of Aldermen consider pawn license code
Branson Tri-Lakes News
The Branson Board of Aldermen is considering the adoption of state regulations of pawnbroker licenses into city code. The issue came up at a board study session. Alderwoman Cris Bohinc said the city was not following the state requirements to issue pawnbroker licenses.
Surveillance video catches man stealing $10,000 watch
Editor's note: Suspect apprehended and Rolex watch recovered in Chicago.
Warner Robins Police are now looking for a suspected thief. Investigators asked questions of the staff at Chuck's pawnshop in efforts to find a man that stole a ten thousand dollar Rolex watch.
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