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Home   About   Membership   Resources   Government Affairs   Meetings & Events April 20, 2010

Pawnshops provide privacy, alternative to bank loans, credit
The Detroit Free Press    Share   Share on FacebookTwitterShare on LinkedinE-mail article
The bad economy has been good for business, says Tony Aubrey, who has a storehouse of treasures at Motor City Pawn Brokers in Detroit. His shop has guns, jewelry, tools, instruments, electronics, cars and more from people who need fast cash. Even doctors, lawyers and celebrities pawn. More

Pawnshop owners proud to help others
San Angelo Standard Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The ability to lend a helping hand to those in need is a driving force for business owner Lynda Clark. She said she gets personal satisfaction from knowing she is aiding people who are down on their luck through her business, Lynda's Pawn Shop in San Angelo, Texas. The pawnshop provides short-term loans by lending a percentage of a valued collateral. Lynda's Pawnshop many times sees the same customers and items come through the doors seeking the short-term loans. After the loan and garnered interest is paid back, customers are able to recover their items of collateral. More

Gold weakens as Goldman fraud case spurs demand for dollar
Bloomberg via BusinessWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Gold weakened, after slumping by the most since Feb. 4, on speculation that a fraud suit by U.S. regulators against Goldman Sachs Group Inc. will increase demand for the dollar as a safe investment. Gold for immediate delivery fell as much as 0.4 percent to $1,132.4 an ounce before trading 0.2 percent weaker at $1,135 at 2:22 p.m. in Singapore. The metal tumbled 1.9 percent on April 16. More

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Gwinnett County, Ga., OKs controversial pawnshop
The Atlanta Journal-Constitution    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Despite a chorus of objections from some residents, Snellville has green-lighted a business owner's proposal to relocate and build a large pawnshop in this Georgia community. The Snellville City Council, by a 4-2 vote, granted a conditional use permit to Paul Slifko of Hill Top Pawn shop. The permit, a requirement of pawnshops in the city, paves the way for Slifko to build a 5,500-square-foot facility on 2.5 acres. More

Authorities looking for men who tied up employee, robbed pawnshop in North Carolina
WFMY-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Yadkinville Police in North Carolina are asking for the public's help in locating four men who they say robbed a pawnshop at gunpoint. The shop, Tu Joyeria y Casa De Empenyo, located on West Main Street in Yadkinville, is a jewelry store and pawnshop. More

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Arizona to allow concealed weapons without permit
The Associated Press via Google News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Favoring the constitutional right to bear arms over others' concerns about gun safety, Gov. Jan Brewer signed into law a bill making Arizona the third state allowing people to carry a concealed weapon without requiring a permit. The measure takes effect 90 days after the current legislative session ends, which likely puts the effective date in July or August. More

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Pawnshops cash in Singapore
The Straits Times (May require free registration)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Directly above the Toa Payoh MRT station, in Toa Payoh Lorong 6 in Singapore, three pawnshops sit in the same block within meters of one another. Go further and there will be five others scattered around the neighborhood, making Toa Payoh a hub of activity for pawnshops. More

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Fort Worth, Texas, zoning panel votes to preserve pawnshop restrictions
The Fort Worth Star-Telegram    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Residents in Fort Worth, Texas, opposed to pawnshops in their neighborhoods won a victory at City Hall. The Zoning Commission voted 9-0 against a proposed zoning change that would allow pawnshops to expand, to rebuild or reopen if destroyed in a disaster, or to reopen if closed for two years. But the final word on the debate will come from the City Council, which will decide whether to abide by the commission's vote or overrule it. More

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