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The most interesting pawnshop business ideas
SiliconIndia
Pawnshops business is quite conventional since long time now. Mostly in India it is practiced to cater some bucks to people for their necessary work and in turn those people keep their jewelries as collateral. But now the trend has been emerged, today the pawnshop business includes artwork, toys, tech products and many more. Let's get acquainted with 10 pawnshops in the world that are making great ransom out of this business.
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2 New York pawnbrokers are willing to take fine wines as collateral for loans
The Wall Street Journal (subscription required)
Hard up for cash and need a fast loan? There are pawnbrokers all over Greater New York who will take your gold, your diamonds, even your car. And two are willing to take your Mouton, your Petrus and your Domaine de la Romanée Conti. Both Borro Co. and New York Loan Co. have added fine wines to their lists of loan-worthy collateral. The pawnbrokers — Borro eschews the word pawn — will lend money against wine in addition to the more typical categories of gold, jewelry and art.
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ACE Cash Express must cough up $10 million
Courthouse News Service
Payday lending giant ACE Cash Express will pay $10 million in refunds and fines for using illegal collection tactics such as false threats of civil lawsuits and criminal prosecutions against borrowers, federal regulators said. The Consumer Financial Protection Bureau announced an enforcement action against the Irving, Texas-based company "for pushing payday borrowers into a cycle of debt."
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Pawnbroker accepted stolen jewelry, didn't record transaction, police say
WPEC-TV
A burglary investigation led police to the pawnbroker where they sold their stolen items, and the store's owner was jailed for taking stolen jewelry without recording the transactions, police say. Port St. Lucie police in Florida investigating a burglary identified two as suspects into the burglary and theft of a gun.
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Bolivar, Missouri, considers new pawnshop rules
KSPR-TV
The Bolivar Board of Alderman in Missouri is looking at placing new requirements on pawn shops in the city. The proposal calls for the shops to register high price items online. One owner says it's a good thing for customers and it will also help fight crime. "I think it's a good idea, anything to curb the thievery that's going on out there right now, is a good thing," said pawnshop owner Richard Black.
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Pawnshop, seeking more traffic, sets up shop in downtown Sterling, Illinois
Saukvalley
Big screen televisions. DVDs. Bicycles. Guitars. A pawnshop is a lot like a garage sale and a flea market put together. But for Ricardo Rangel, a pawnshop is a business and a livelihood. Rangel, 35, of Davenport, owner of Sauk Valley Pawn Loans, has moved his shop into a former Goodyear Tire building. He's been open for business there for about two weeks.
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If you don't have a bank account, how do you manage your money?
The Boston Globe
How would you cash checks, pay your bills, and manage your money if you didn't have a bank account? Lots of people do it, with help from a variety of sources. About 8 percent of all families in the United States don’t have bank accounts, relying instead on an array of alternative financial services, from postal orders to pawnshops and prepaid debit cards to Walmart check-cashing.
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Gold set for biggest loss of 2014 as Portugal woes ease
Bloomberg Businessweek
Gold headed for the biggest decline in almost seven months as Portuguese banking concerns eased and equities advanced, diminishing demand for haven assets. Portuguese 10-year government bonds were set for the biggest two-day advance in a month on speculation that Portugal would contain financial woes at one of its banking groups. The Standard & Poor's 500 Index added as much as 0.6 percent after Citigroup Inc. reported profit that topped analysts' estimates.
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Seth Gold of 'Hardcore Pawn': 'If pawnshops didn't exist, there'd be very big problems'
Las Vegas Sun
Seth Gold, his father, Les Gold, and his sister, Ashley Gold Broad, star in the TruTV hit "Hardcore Pawn" based in Detroit, and the series wrapped its eighth season. Seth Gold, recently at the 2014 Pawn Expo of the National Pawnbrokers Association at the Mirage, chatted on a wide-ranging conversation that included "Pawn Stars," lessons learned and the best and worst aspects of being a pawnbroker.
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National Pawnbrokers Association names Ric Blum of Ohio Loan Co. Pawnbroker of the Year
National Pawnbrokers Association
The National Pawnbrokers Association, the leading trade association representing the pawn industry, is pleased to announce that Ric Blum of Ohio Loan Co. in Dayton, Ohio is the recipient this year's Pawnbroker of the Year Award.

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Microsoft cuts prices on Surface Pro 2 tablets
Small Business Trends
Microsoft is cutting the prices on its Surface Pro 2 devices just before the arrival of Surface Pro 3. The new device, the third iteration of Microsoft's tablet/PC hybrid can be ordered now but is expected to ship in August. Microsoft has reduced the price of its 64 GB machine from $899 to $799 and the price of its 512 GB machine from $1,799 to $1,599.

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#Hashtagging 101: 4 guidelines for small businesses
Business News Daily
It's rare to see a modern social media marketing campaign that doesn't make use of a branded hashtag. What was once just a way to organize topics on Twitter has become a ubiquitous method of curating conversations and brand mentions across a number of sites, including Facebook, Pinterest, Instagram, Vine and Tumblr.

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Stolen items at pawnshops often a challenge to get back
Sun Sentinel
According to the Palm Beach County Sheriff's Office Pawn Shop Compliance Unit, there are more than 50 pawnshops and 86 second-hand licensed dealers such as thrift stores across the county. Each of them must follow the law as spelled out in the state Florida Pawnbroking Act. Dana Josephson, a partner at Boca Raton Pawn, cites one of the benefits of pawnshops over banks is the quick cash. Her business typically deals with people who have emergency expenses they might need to cover.
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Development diamonds
Rapaport (editorial)
The diamond industry needs to support programs to uplift its vast artisanal mining sector. The more than 1.5 million diamond diggers – predominantly in West Africa – and their estimated 10 million dependents, remain the most vulnerable population in the diamond supply chain. The industry’s apparent lack of awareness of this sector exposes its own vulnerabilities.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Dr. Jack Kevorkian's 'deathmobile' on layaway at Detroit pawnshop (WWJ-TV)
Ohio museum buys McKinley tiara from Vegas pawnshop (The Associated Press via Reno Gazette Journal)
Police: Lansdale, Pennsylvania, business owner stole $65,000 worth of diamonds, jewelry from gem wholesaler (The Reporter)

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Bogus payday loan brokers run afoul of the feds
Consumer Affairs
The Federal Trade Commission says a Tampa, Florida, group posing as payday loan brokers promised to help consumers get loans, but instead used consumers' personal financial data to take money from their bank accounts without their consent.
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Here's the truth about lying at work
Fast Company
Admit it. You've called in sick to work when you weren't officially down with the flu or some other contagious illness. It's a common fib, especially around major sporting events. A global survey by Workforce Management company Kronos found that as many as 58 percent of employees call in sick on days they want to watch or attend a sporting event.
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