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Home   About   Membership   Resources   Government Affairs   Meetings & Events June. 7, 2011

A real economic meltdown
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Josh Oller sits me down in the conference room of Silver Lining, a pawnshop in northeastern Portland, Ore., writes Robin Romm is the author of "The Mercy Papers: A Memoir of Three Weeks." It's a Monday and only 10 a.m., but already three lines are forming at the loan windows. At the front, a woman in a colorful windbreaker and hot pink pants leans on her elbows on the counter. A man in a long black trench coat waits patiently behind her with a guitar. Oller didn't think he'd go into pawning. He aspired to a career in federal law enforcement. But after he graduated from college, a longing to remain in Oregon, near family and forests, made him reconsider. "It's a good business," he says. "Every day is different. You never know what's going to come through the door." More

Half of Americans can't raise $2,000 in 30 days
Time magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A report examines households' financial fragility by looking at their capacity to come up with $2,000 in 30 days. … Approximately one quarter of Americans report that they would certainly not be able to come up with such funds, and an additional 19 percent would do so by relying at least in part on pawning or selling possessions or taking payday loans. More

Would you pawn your valuables to pay bills?
San Diego Union Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail
Pawnshops for centuries have served as the poor man's bank, a place where those on the economic fringes can turn a family heirloom into a small cash loan. Now, with a lingering downturn, housing market overhang and stubborn unemployment, they've become the everyman's bank of last resort. More

'Pawn Stars' anatomy examined
Realscreen    Share    Share on FacebookTwitterShare on LinkedinE-mail article
History's hit series "Pawn Stars" got a closer look at Realscreen's Factual Entertainment Forum in Santa Monica, Calif., with History execs and Leftfield Pictures producer of the show, Brent Montgomery, examining what made it work. The session kicked off with the original sizzle tape for Pawn Stars, which already showed the characters and sense of humor that has made the series so successful. More

Pawn online for quick cash in privacy
WALA-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawn merchants said they've seen more middle-class clients, along with small businesses, looking for short-term loans. It seems folks of all walks of life, doctors, lawyers, even accountants, are hocking valuables. But if you need quick money and privacy, there's a solution. More


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Pawn chain wants old BP site
Hopkins Patch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A pawn chain wants to transform the old BP property into a pawnshop. Mark Smith, CEO of maX It Pawn, asked the Zoning and Planning Commission members in Hopkins, Minn., to put the brakes on a zoning change that would prohibit a pawnshop on the property. More

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New pawnshop to open in Roanoke, Va.
The Roanoke Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A pawnshop that the owner is billing as a family-friendly store focused on musical instruments and coins is opening at the Creekside Center strip mall in northwest Roanoke, Va. EZ Pawn will be the second pawnshop owned by Earl Hackworth of WF Enterprises LLC. More

The new pawn stars: Small business owners
AllBusiness (blog)    Share    Share on FacebookTwitterShare on LinkedinE-mail article
One advantage of the pawnshop is quick cash, few questions asked. Another: pawnshops don’t report to credit bureaus, so if you can’t pay back your loan you might lose that laptop you just hocked, but you won’t lose your credit rating. More

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Fox joins pawn craze with 'Buried Treasure'
Hollywood Reporter via Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The network better known for talent competition shows, including "American Idol," "So You Think You Can Dance" and the upcoming "X Factor," has greenlit a series about the pawn industry. "Buried Treasure" will follow Leigh and Leslie Keno of "Antiques Roadshow" as they travel around the country in search of hidden gems, from a 300-year-old violin to one of a kind comics, in people's homes. More

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Toned-down resale shop ordinance still would be toughest around
Wauwatosa Patch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Wauwatosa, Wis., will have the strictest standards in the area for owners of resale shops to report secondhand goods brought into their stores if a new ordinance is adopted as it's now written. Wisconsin law already requires dealers in things like secondhand jewelry, tools and musical instruments to get identification from people who sell them to pawnshops and secondhand stores. More

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