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Supreme Court rules on 'straw purchaser' law
The Associated Press via TIME
A divided Supreme Court sided with gun control groups and the Obama administration, ruling that the federal ban on "straw" purchases of guns can be enforced even if the ultimate buyer is legally allowed to own a gun. The justices ruled 5-4 that the law applied to a Virginia man who bought a gun with the intention of transferring it to a relative in Pennsylvania who was not prohibited from owning firearms.
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Teen opens world's first pawnshop for $15,000 sneakers
New York Post
Forget stocks. Sneaker futures are making Wall Street look like a swap meet. High-end kicks are becoming the currency of choice in New York, and one 16-year-old is taking advantage of the trend — using his own five-figure stock of 45 mint-condition basketball shoes to open the world's first sneaker pawnshop.
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Posh pawnshops lend to cash-strapped rich
Bankrate.com via Fox Business
Pawnshops are emerging that lend money to cash-poor consumers with pricey collateral. If you've got a cash-flow problem and a rare Picasso painting lying around your house, you're in luck. A growing niche of high-end pawnshops wants your business.
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Phoenix pawnshop fined for giving employees lie detector test
KPHO-TV
A Phoenix pawnshop has been fined after giving employees a lie detector test. Pawn 1st LLC has paid $19,500 in civil penalties as part of a settlement. The pawnshop gave six employees the test after a diamond ring and $2,000 cash were believed stolen, but the U.S. Department of Labor said the employer didn't have reasonable suspicion to make the workers take the polygraph.
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Oceanside Pawnshops launches to serve Southern California jewelry market as a pawn loan specialist
California Newswire
Master jeweler Chad Elliott of Oceanside Jewelers has expanded their award winning jewelry design storefront to now include Oceanside Pawnshops. Having applied for and received a pawnbroker's license from the State of California to offer pawn loans in exchange for personal jewelry, Oceanside Jewelers is pleased to expand its services as a pawn loan specialist in the area of gold, jewelry, diamonds, fine watches, diamonds, and gemstones of all types.
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Gold hits 3-week high on Iraq; platinum group metals up
Reuters
Gold hit its highest in nearly three weeks, as turmoil in Iraq supported the metal's safe-haven appeal, while platinum group metals gained ahead of the outcome of wage talks to end a five-month long strike in South African mines.
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Massachusetts man accused of stealing, pawning ring from Patriots player Nate Solder
Herald News via WCVB-TV
Police say a Fall River, Massachusetts, man pawned a $10,000 diamond ring that he allegedly stole from New England Patriots offensive lineman Nate Solder's Foxboro, Massachusetts, home in April, the Herald News reported. A receipt indicates that Manuel P. Faria, 24, pawned the Tiffany ring for $150 the day after the alleged larceny, according to court documents.
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Gun makers face new customers — and full gun racks
CNBC
After recent attempts at gun control spurred unprecedented sales, firearms makers may be facing a new challenge: overcrowded gun racks. That may spell trouble for some companies but others are drawing younger and female buyers brought in by a recent buying frenzy.
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Tyler Perry talks pay day loans and pawnshops in new documentary
MadameNoire
It's easy to take for granted direct deposit or hitting up the ATM for some quick cash, but there are thousands of Americans who rely on a fragile system of money orders, payday loans and pawnshops when it comes to maintaining their finances. Tyler Perry narrates the new documentary "Spent Looking For Change" and reveals some alarming statistics regarding how many Americans are handling their personal finances.
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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.


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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.

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The power of constructive conflict
American Express OPEN Forum
Learn how to encourage constructive conflict in your company's culture with this 6-step process, and you'll reap the benefits of powerful, business-building change.

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Apple predicted to sell 'iWatch' to at least 10 percent of existing iPhone users in 2015
Apple Insider
With Apple widely expected to launch a wearable "iWatch" later this year, market watchers have begun to speculate exactly how many wrist-worn devices the company could sell, with one new projection pegging the device with at least 10 percent penetration among iPhone users in the first full year.
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Tempe, Arizona, police working to close in on pawnshop robbery suspects
KPHO-TV
Police from two Arizona police departments are working to track down four armed robbery suspects. "Right now, we have another active scene just trying to locate the suspects," Tempe police Lt. Jeff Glover said.
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The case for hugging your coworkers
Fast Company
Every day at Defy Ventures starts with 14 hugs — per person. Everyone gives 14 other people full, bear-hug style embraces. "We tell them no cheat pats on the back," Catherine Hoke, founder and CEO of Defy Ventures, told Fast Company. To ensure nobody under-hugs either, Hoke has the group count down the set out loud.
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TRENDING ARTICLES
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)

Don't be left behind. Click here to see what else you missed.
 

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