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The new player in small-business loans: Pawnshops
San Francisco Business Times
Small business owners are turning to pawnshops when they want easier access to financing than they can get at a bank. These new borrowers, who seek larger loans than a traditional pawnshop customer and often borrow against luxury goods, are also changing the nature of the pawn business.
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Nuns and neighbors against pawnshop in NE Columbus Community in Ohio
WSYX-TV
Dozens of concerned neighbors and community leaders from the Shepard Community in Northeast Columbus, Ohio, are reaching to a higher power for help in dealing with a new neighbor. For the second week in a row, the group met at Dominican Sisters of the Peace Martin de Porres Center to voice concerns over a new pawnshop.
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Sony's cute little PlayStation TV microconsole is coming to the US for $99
PC World
Sony’s explosive E3 2014 keynote may have been chock full of games, but it wasn’t all about the games. The company also announced that its charming little PS Vita TV microconsole is finally coming stateside, where it'll be simply dubbed the PlayStation TV.
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Pawnshop ordinance delayed in Hopkins County, Kentucky
WFIE -TV
A county-wide pawnshop ordinance proposed to fiscal court in May, will be sent back down to a committee for more discussion. Officials in Hopkins County, Kentucky, say some parts of the proposal needed to be changed and timing specified.
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Gold prices rise as clashes erupt in Ukraine
The Associated Press via ABC News
Gold for June delivery climbed $19.50 to settle at $1,302.90 an ounce. Silver for July jumped 50 cents to $19.55 an ounce. The Ukrainian government launched what appeared to be its first major offensive to regain control of an area held by pro-Russian separatists.

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MIT nanocrystals can use your iPhone to ID fake money and drugs
Fast Company
Most of us know the Secret Service as the black-suited organization employed to protect the President. But in reality, the service was created toward the end of the Civil War, before Lincoln was assassinated, to crack down on counterfeit currency. Because up to a third of all money at the time was counterfeit.

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Should you disclose that a diamond's a trade-in?
JCK magazine
We have heard a lot lately about recycled diamonds. At an informative discussion on trade-ins last week at the American Gem Society Conclave (ably summarized here), a retailer raised a loaded question: Must a jeweler disclose to a consumer if a diamond, or piece of jewelry, is pre-owned?

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Don't make these social-media blunders that businesses keep repeating
Entrepreneur
Whether you are bringing a new venture to market or marketing an existing brand, sooner or later (probably much sooner) you will find the need to participate in some form of social-media engagement. When you do, you better have a well thought-out strategic plan, a strong content strategy and have done your research.
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4 men charged in Ozark, Missouri, pawnshop theft
Springfield News-Leader
A federal grand jury indicted four Springfield, Missouri-area men for allegedly stealing 21 handguns from an Ozark pawnshop, the U.S. Attorney's Office said.
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CFTC Data: Fund managers cut overall exposure to precious metals, go short silver
Forbes
Another price drop for most precious metals encouraged large speculators to continue reducing their net-long positions across the board in precious metals futures and options positions on the Comex division of the New York Mercantile Exchange and Nymex. Fund managers cut bullish exposure to gold and the platinum group metals in disaggregated and legacy weekly commitments of traders report from the Commodity Futures Trading Commission, while turning net-short silver for both reports.
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Missed last week's issue? See which articles your colleagues read most.

    Hamblen County, Tennessee, pawnshop owner charged with not reporting transactions, illegally selling vehicles (WATE-TV)
National Pawnbrokers Association announces 2014 Future Business Leaders Scholarship winners (PRWeb via Digital Journal)
Springfield City Council in Massachusetts considers 2-year moratorium on new pawnshops after police sting, violations (The Republican)

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The power of constructive conflict
American Express OPEN Forum
Savvy small-business owners know that real change and the benefits that come with it seldom occurs without challenging the status quo. Thriving on constructive conflict, entrepreneurs looking to improve their company encourage debate between themselves and their employees, a process that often leads to new ideas and positive change.
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5 toughest personalities at work — and how to manage them
Inc.
Running a business would be easy if only you didn't have to manage people. The bigger your company grows, the smaller the likelihood that everyone in it will be easy to supervise. As the boss you always (or almost always) have the option to terminate anyone who is truly a drag on your company. But good talent is hard to find, so before you go down that road, it's worth the effort to try and make a difficult person work more effectively within your company.
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New Jersey pawnshop replaced diamonds in ring with cubic zirconia before re-selling it, police say
The Star-Ledger
Editor's note: Although the media identifies this New Jersey business as a pawnshop, it is not. It is a gold buyer, not a pawnbroker.

A Toms River, New Jersey, pawnshop removed the diamonds from a stolen ring and replaced them with cubic zirconia before returning it to its owner, police said. Ann Paris, 65, who owns Aaron's Gold, and her nephew Walter Hodnovich Jr., the store manager, were arrested on theft charges, according to authorities. The Hooper Avenue business bought the double platinum diamond ring — valued at $15,000 — for $140, Toms River police spokesman Ralph Stocco said.

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NPBA Weekly NewsBrief
Colby Horton, Vice President of Publishing, 469.420.2601
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