Arkansas House approves pawnshop data legislation
The Associated Press via The Courier
The Arkansas House passed a measure requiring all pawnshops in the state to electronically send to law enforcement their records of who is selling property. The measure, which is aimed at helping criminal investigations, would mostly affect rural pawn shops that aren't already uploading the information to a secure tracking system, according to Tim Collier, president of the Arkansas Pawnbrokers Association.
Gilmer, Texas, to sell weapons stash to pawnshop
It might have been a haul from a medieval battlefield. Six battle axes, 60 swords, five buck knives, eight spears, three clubs and a mace were among the weapons awarded to the city of Gilmer, Texas, by the Upshur County District Court after what police said were repeated incidents with the items' owner. Gilmer Police Chief James Grunden said officers had responded to multiple calls related to the former owner threatening his family members with the weapons.
New Nevada law proposes tax on gun sales to fund mental health
He's taking aim and ready to fire. Democratic Majority Leader William Horne is proposing new gun laws for Nevadans this legislative session. "As a gun owner myself I believe this is us doing our part to help in that endeavor," Horne said. "It doesn't solve the problem but it's something to help." If Horne gets his proposed bill passed then gun sales would help fund state mental health services.
Michigan community wants to tighten pawnbroker rules
Midland Daily News
Pawnbrokers, secondhand sellers and junk dealers will face tighter tracking measures in the City of Midland in Michigan under a plan being considered by the Midland City Council. City leaders would align local ordinances with state law and match what some other communities require — thumb printing of people pawning or selling items, copies of identification, photographs of pawned or sold items and daily computerized reporting of transactions to the Midland Police Department.
Branson Pawn in Missouri gets reality TV show
Branson Tri-Lakes News
A Branson, Mo., business is expected to soon be featured in its own reality TV show on the Discovery Channel. According to the production company High Noon Entertainment, Branson Pawn will be featured in a show, with the working title of the series sharing the business name.
Sturm, Ruger profits soar on strong gun sales
Sturm, Ruger & Co., one of the nation's leading gun companies, reported fourth-quarter earnings and sales Wednesday that blew past analysts' expectations. The Southport, Conn.-based company said it earned $1 per share on sales of $141.8 million in the final three months of 2012. Analysts were looking for earnings of 82 cents per share and sales of $122 million. The results do not fully reflect the recent spike in gun sales, most of which occurred have occurred in 2013.
Getting tough on pawning thieves
Monroe Evening News
There once was a thief who stole some power tools from a house in Monroe, Mich., and sold them to a pawnshop in Lansing, Mich. He probably thought he'd get away with it, but the rules there are different for such businesses. Pawnshops and jewelry buyers in the state capital are required to take pictures of purchased items and gather vital information from the people hocking those goods.
Gold advances on Japan, US outlook for more stimulus
Gold futures climbed for the first time in four sessions on speculation that central banks will continue stimulus measures to spur economic growth. Haruhiko Kuroda, the nominee to be Bank of Japan (8301) governor, said he would do whatever is needed to end 15 years of deflation. Federal Reserve Vice Chairman Janet Yellen said the U.S. central bank should press on with $85 billion in monthly bond buying. Gold advanced 7 percent last year as nations from the U.S. to China pledged more stimulus to bolster economic growth.
Evaluating too-good-to-be-true online bank offers
Interest rates at eight times the national average! Absolutely no overdraft fees! No minimums! Free checks! Get your ATM fees reimbursed! With nearly half of the $10 trillion in bank deposits in the U.S. concentrated in the top five banks, it takes a lot of exclamation points for the nation's 6,000-plus other banks to grab any attention from consumers.
Pawnshops, landscaping up for review in James City, Va.
The Virginia Gazette
The James City Planning Commission in Virgina will examine how county ordinances handle pawnshops and payday and title lenders, along with landscape requirements. … Ordinance revisions would define pawns shops as well as payday and title lenders, using the state's legal definitions, according to a staff memo.
Iowa community considers moratorium on pawnshops
The Windsor Heights City Council in Iowa will consider approving a temporary moratorium on new pawnshops and pay-day lending businesses. The motion comes on the heels of complaints from several businesses about a proposed pawnshop.