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Home   About   Membership   Resources   Government Affairs   Meetings & Events July 20, 2010

'Pawn Stars' as the guilt-free 'Antiques Roadshow'    Share   Share on FacebookTwitterShare on LinkedinE-mail article
I used to watch "Antiques Roadshow" and feel bad that I didn’t have a rare 1700s doodad in my attic, writes blogger Marc Silver. Now I watch "Pawn Stars" and feel great. At least I'm not standing in a Vegas pawnshop unloading an heirloom for fast cash. The History Channel hit draws 5 million viewers a week. It's easy to get hooked on the curios brought to the Gold & Silver Pawn Shop: a pirate peg leg, a WWII infant gas mask, a Picasso. More

Glenn Beck's golden advertiser accused of 'rip off'
ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
An executive with Goldline, one of two gold companies now under investigation for their sales practices, told ABC News that his company does not intentionally steer customers toward overpriced gold coins — but he also touted the coins as a safe harbor because "no one knows" whether the U.S. government will seize gold from private citizens. In an interview on Good Morning America, Goldline executive vice president Scott Carter responded to allegations that his company has made a fortune by persuading gold investors that collectible coins are worth buying, despite a hefty mark-up. He said the firm, which weaves its sales pitches into broadcasts by popular conservative political personalities — including two former presidential candidates and Fox News host Glenn Beck — is simply offering its customers sound advice. "You should hold this three to five years," said Carter, "Preferably 10."

Des Moines, Iowa, talk future of pawnshops, payday lenders
WHO-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A public forum on the future of pawnshops and payday lenders in Des Moines, Iowa, attracted a large audience to council chambers, most of which spoke out against the businesses. "It's a defective loan product that traps people, everyday working people in a cycle of debt that they can barely escape from," said Matthew Covington of the group Concerned Citizens of Iowa. "It does not build wealth in our communities; it drains wealth from our communities." More

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Gun control as economic stimulus
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Federal tax revenue on the sales of firearms and ammunition rose 45 percent in the last fiscal year. That is the highest annual increase on record, according to a new report from the Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau. By comparison, the annual average increase for fiscal years 1993 to 2008 was 6 percent. More

Pawn redemption
Professional Jeweller    Share    Share on FacebookTwitterShare on LinkedinE-mail article
In these times of economic uncertainty, with many industries struggling to survive, pawnbrokers are reaping the benefits of a soaring demand. Kat Slowe talks to H&T Pawnbroker chief executive John Nichols to uncover the secret behind his success. More

Town in the UK opens first pawnshop in 40 years
Glamorgan Gazette via Wales Online    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Bridgend town centre has its first pawnbrokers' shop in at least 40 years, prompting mixed reactions from shoppers. The U.K.'s largest independent pawnbrokers, Ramsdens, have just opened in the Rhiw Arcade, creating four jobs. The firm says it aims to fight the industry’s stereotypical associations with bankruptcy and shake off the reputation that people only visit pawnbrokers in desperation when the bailiffs are knocking on the door. More

Sorting fact from fiction on health care reform
Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Since the U.S. health care overhaul became law in March, small business owners have wondered how it will affect them. A new website, sponsored by the U.S. Department of Health and Human Services aims to answer some of those questions. Many myths and misconceptions have surfaced, says Michael T. Hanley, managing partner at small business-focused accounting firm Merl & Hanley in Smithtown, N.Y. More

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Pawn Stars Corey & Chumlee on Good Day LA
KCOP-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail
In the world of the pawnshop business Corey Harrison & Chumlee are rock stars … or should we say "Pawn Stars." Their business is the focus of the History channel's hit series, "Pawn Stars." Corey and Chumlee stop by "Good Day LA" recently to talk about the show and appraise some items that the crew brought in from home.

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Gold futures decline to 8-week low as investor demand ebbs
Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail
Gold prices fell to an eight-week low on reduced investment demand. Hedge-fund managers and other large speculators trimmed their net-long positions, or bets on a rally in Comex gold futures, by 2 percent to 204,921 contracts in the week ended July 13, according to government data. That marked the lowest level since April 6. More

St. Louis metropolitan-area community to vote on pawnshop restrictions
Suburban Journals    Share    Share on FacebookTwitterShare on LinkedinE-mail article
O'Fallon, Mo., officials say a proposed ordinance would prevent pawnbrokers' proliferation. The city council is expected to vote July 22 on a bill placing new restrictions on pawnshops. "Some of these places are predators upon our citizens," O’Fallon Councilman Jeff Schwentker, said during the meeting. "They take advantage of people who are in trouble and down on their luck." More


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