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NPA Weekly NewsBrief
Sept. 23, 2008  
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Economy Sparks Rise in Pawnshop Business
from the Connecticut Post
Before owner Josh Young even opens the door of Milford Pawn Shop in Milford, Conn., four people pull up in their cars, and it's clear they are not there to browse for used guitars. "I'm here to make a payment on a loan. I pawned some gold jewelry," said one of the customers, a woman in her 30s who did not want to give her name. It's a sign of the times. More

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Lifetime of Deals Packed Into Pawnshop
from Business Courier of Cincinnati
Leonard Weinstein, owner of Barr’s Loans, a pawnshop in the Over-the-Rhine neighborhood of Cincinnati, Ohio, will pay only $3 for the gold ring he’s just been offered. He has to be able to sell his merchandise for less than the discount shops are charging. More

Gold Prices Surge After AIG Bailout, Dollar Drop
from The Associated Press
Gold prices soared last Wednesday, notching the biggest one-day advance ever as mounting credit market turmoil prodded jittery investors to pull money out of equities and into safe-haven assets. Gold's huge rally came as the government moved to rescue troubled insurer American International Group Inc. with an $85 million bailout loan. More

Ezcorp to Buy Value Financial for $79.8M
from The Associated Press via Forbes
Pawnshop chain Ezcorp Inc. said recently that it agreed to buy Value Financial Services Inc., the nation's largest privately held pawnshop operator, for about $79.8 million in cash and stock. The agreement comes after months of negotiations that saw the competitors reach a deal in June that was later terminated in August. More

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The PawnGuard has 35 individual drawers. It takes time to open each one, and they can only be opened one at a time. With time-delay enabled, it takes even more time between drawers. The bad guys depend on fast, lucrative and small targets, and that's why jewelry is a primary target. And that's why PawnGuard keeps you protected. It takes time. More info



Desperation Fills the Pawnshop Shelves
from the St. Petersburg Times
Boats. Electronic games. Family heirlooms. Construction tools. It is a sad display of items that lines the shelves at area pawnshops, emblematic of lower- and middle-class Americans' anxieties for economic stability. More

DC Gun Law Workable
from the Washington Post
In District of Columbia v. Heller, the Supreme Court ruled that individuals have a Second Amendment right to possess handguns and struck down the District's total ban. The court said that the right to have handguns is not absolute, but it gave scant guidance as to what limitations would be permissible. The District now faces a formidable balancing act in that it must honor the right and protect public safety. More

Pawnbroker's Credit Crunch Gains
from The Press Association
The United Kingdoms’ biggest pawnbroker said the reluctance of banks to lend in the credit crunch had worked in its favor after annual profits rose by 47 percent. The biggest growth area was the sale of second hand jewelry, which accounted for 75 percent of overall sales. More

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Push for Online-Tracking Law in Texas Town
from the Brownsville Herald
The one remaining family-owned pawnshop in Brownsville, Texas has been in operation for approximately 30 years, one of 15 in the city that buys and sells everything from boots to guns to treasured keepsakes. But not all of them do business the same way. More

Wall Street Disaster Shakes Small Businesses
from ThomasNet Industrial News Room
The collapse of investment giant Lehman Brothers Holdings, Merrill Lynch & Co.'s sale and American International Group's crumbling business hits "Main Street." Small businesses are not immune to the crunch big businesses are facing. More




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