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Home   About   Membership   Resources   Government Affairs   Meetings & Events June. 29, 2010

Pawnshops and the (Jazz) underclass
All About Jazz    Share   Share on FacebookTwitterShare on LinkedinE-mail article
One measure of the way things have been going for the jazz underclass and the working poor in general over the last 20 years is to look at what's happened to pawnshops. The shops are like tidal wetlands. You take estuaries for granted until a weather catastrophe hits and your split-level gets washed out to sea. … In the same way, when financial storms hit, pawnbrokers have been there to absorb some of the blow. More

Pawnshops find unlikely home in Naperville, Ill.
The Chicago Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Jade Osowski needed some quick cash. So she took her seven designer-brand purses to a place that, until last year, did not exist in the city limits of Naperville, Ill.: a pawnshop. At Naperville Jewelry and Loan, co-owner Greg Holloway assessed the value of the leather bags and gave Osowski $170, which she used to attend a book-signing in Minnesota for "American Idol" runner-up David Archuleta. Osowski, 17, might not fit the profile of a typical pawnshop customer. But neither does family-friendly Naperville — with an estimated median income of about $89,000 — seem the typical setting for a pawnshop. More

Silver in best streak since 1980 as economy no hurdle
Bloomberg BusinessWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Silver, the precious metal most used in industry, is attracting investors betting on both faster and slower economic growth as prices extend the longest run of quarterly gains in three decades. Doubling as a store of value for buyers concerned about the economy and as an industrial material for those bullish on growth, silver is outperforming metals from copper to zinc this year and keeping pace with gold. More

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What's the coolest thing in the Pawn Stars' shop?
TV GUIDE via Seattle Post Intelligencer    Share    Share on FacebookTwitterShare on LinkedinE-mail article
From an engraved whale's tooth to sunken treasure from the Taj Mahal dynasty, the Pawn Stars have seen a fair share of historic — and obscure — items come through their Las Vegas shop. But what items does Rick "The Boss" Harrison think are the coolest things he currently has in his family-run store? More

From pawnshops to poverty: How the working poor became big business
The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Remember the episode of "The Sopranos" when that sad-sack poker player, awash in debt, must let Tony take over his sporting goods store and repossess his son's car? From about 1990 through the economic crisis of 2008 and beyond, many poor Americans had to submit to similar practices with the blessing of Wall Street as the federal government looked away. "There are any number of strange but seemingly lucrative splinters that are part of the poverty industry," Gary Rivlin writes in "Broke, USA." It's an exhaustive expos of pawnshops, check-cashing rip-offs, payday loans, auto title loans, rent-to-own schemes, subprime mortgages and other "equity stripping" means of getting poor people into debt they can't carry, then taking their houses and cars while derivatives backed by those bad loans are sold to investors. More

National Pawnbrokers Association Convention Pawn Expo 2010!

Discover the answers to your toughest business challenges.

The National Pawnbrokers Association Convention PAWN EXPO 2010 is the most comprehensive gathering of educational speakers, manufacturers, distributors, and wholesalers in the industry. It is a tremendous opportunity to grow your business, ask questions, learn from experts, and network with fellow pawnbrokers from across the country. Click here to learn more.
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Arizona pawnshops await boost in business
The Arizona Republic    Share    Share on FacebookTwitterShare on LinkedinE-mail article
As the Wednesday expiration approaches of a law allowing payday-loan lenders to charge Arizonans up to 460 percent annual interest, Valley pawnshop owners say they expect to see a little more business coming their way. Pawnshop owners had seen a marked decrease in business since the advent of the payday-loan industry. Pawnshops provide collateral loans, money in exchange for personal property that can be reclaimed after paying the loan with interest. More

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EZCorp buys 5 Chicago pawnshops
Financial News USA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
EZCorp Inc. paid cash to buy five pawn stores from Chicago-based Hometown Jewelry & Loan and Abby Jewelry & Loan. The acquisition comes less than two weeks after the Austin, Texas-based company picked up eight stores in Florida. The new Chicago shops will switch to the EZPawn brand. The acquisition of these stores gives us an immediate and substantial presence in the Chicago area, said Eric Fosse, president for EZCorp's pawn Americas division. More

Pawn America has much to offer Des Moines, Iowa
The Des Moines Register    Share    Share on FacebookTwitterShare on LinkedinE-mail article
There has been a lot of discussion about pawnshops in the local media recently, but no real discussion about the specific proposal from Pawn America in Des Moines, Iowa. First, Pawn America will spend over $2 million to improve two vacant and blighted properties. This includes a major face lift to the interior and exterior, new landscaping, better parking and much more. This work will be done by local contractors and put local residents to work immediately. Unlike other businesses and developments in the area, Pawn America will not be asking for any government money, tax breaks or sweetheart deals of any kind. We are just asking the city to honor the licenses that they granted us in April of 2010. More


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NPA Weekly NewsBrief
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