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Home   About   Membership   Resources   Government Affairs   Meetings & Events Sept. 28, 2010

Obama signs small business bill into law
Reuters    Share   Share on FacebookTwitterShare on LinkedinE-mail article
President Barack Obama signed a $30 billion small business lending bill into law, claiming a victory on economic policy for his fellow Democrats ahead of November congressional elections. The law sets up a lending fund for small businesses and includes an additional $12 billion in tax breaks for small companies. "It was critical that we cut taxes and make more loans available to entrepreneurs," Obama said in remarks at the White House. "So today after a long and tough fight, I am signing a small business jobs bill that does exactly that." More

Watch Bob Dylan's weird TV appearance on 'Pawn Stars'
New York Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Bob Dylan doesn't appear on TV very often, but when he does, you can rest assured that he will pop up in the most head-scratchingly random places, whether it is a Victoria's Secret commercial or a cameo on "Dharma and Greg." Therefore, his brief sojourn into basic cable reality (via an aggressive autograph hunter on the History Channel's "Pawn Stars") should come as both a weird surprise and no surprise at all; much more unexpected, however, is how agreeable Dylan seems during the encounter and how much he appears to be turning into director Tim Burton.

Small businesses steel for expanded 1099 reporting mandates
Lincoln Tribune    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Before the health care reform bill was passed earlier this year, House Speaker Nancy Pelosi, D-Calif., told Americans that "we [Congress] have to pass it to know what's in it." As business owners have begun sorting through the massive law, they are discovering not only a host of new taxes but also expanded reporting requirements that will result in an avalanche of paperwork and raise the cost of doing business. Under current law, corporations must send an IRS Form 1099 to any individual or business that it has provided at least $600 in services to per calendar year. More

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What you need to know at the pawnshop
KTVK-3TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Consumers are always looking for a bargain, especially in an economy where things haven't been so great. An Arizona news station shows something people have been doing for decades to make fast cash. "People are getting a taste of what the pawn business is really about when they watch the Harrison family on the History Channel's, "Pawn Stars." Their Gold and Silver Pawn shop in Las Vegas sees all kinds of unique items come through its doors; things consumers are looking to pawn off, if the price is right. "It's really helped us a lot because it's made people understand that pawnshops aren't places with thieves or dingy or dark," Stan Grossman says. "It's a business and we want people to come in and feel comfortable."

Craigslist vs. Pawnshops
KELOLAND    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The market for used goods has skyrocketed since the recession, fueled in part by the popular online classifieds site Craigslist. You can buy and sell just about anything locally on the website, but is it cutting into pawnshop business? From electronics to tools to household items, pawnshops say when people can't sell it outright on their own, it ends up here. "There's a good percentage of customers have it on Craigslist for a while and no one's bought it, so I'll see it to you guys," Adam Klesh of Pawn America said.

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North St. Louis pawnshop celebrates 50 years
KTVI-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Block's Loan & Jewelry Inc. in St. Louis is celebrating 50 years in business. Reuben Goodman says he's never seen economic conditions cause as much grief as he sees today. And, he should know. Goodman is celebrating his 50th year in what he calls "the poor man's bank" business. He and his wife, Renee, raised three children with this business he loves dearly. He loves it but is often saddened by the things folks have to pawn today just to survive. Goodman says, "People are coming in with things that don't have the particular value. Normally, we would say it's not worth that kind of a loan. I'm making a loan."

$200,000 worth of items stolen from pawnshop
WKYT-TV    Share    Share on FacebookTwitterShare on LinkedinE-mail article
An estimated $200,000 worth of items is stolen from a Floyd County pawnshop in Kentucky. Police say it happened at the EZ Pawn in Prestonsburg, Ky. The owners have a 5,000 reward for information leading to arrests. Two people are already charged in the break in and police expect to arrest three or four more. Investigators already recovered some items and are still looking for the rest of it. More

History spinning off 'Pawn Stars'
Hollywood Reporter    Share    Share on FacebookTwitterShare on LinkedinE-mail article
History is spinning off a personality from its reality hit "Pawn Stars." The network has made a deal with Leftfield Pictures for "Rusty Nuts," in which restoration expert Rick Dale brings trashed treasures back to life. Dale owns Las Vegas-based Rick's Restorations and is the go-to guy for the "Pawn Stars" team whenever the shop has an antique that needs improvement (such as a Coke machine, barber chair or 1937 gas pump). Each episode of "Nuts" follows Dale, his staff and teenage son as they restore objects to their original, mint condition. More

Silver futures jump to 30-year high: Gold rises to record, topping $1,300
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Silver climbed to the highest price since 1980 as the dollar’s slump boosted demand for precious metals as alternative assets. Gold climbed to a record, topping $1,300 an ounce. Silver has jumped 27 percent this year, and gold has gained 18 percent, outperforming global equities, Treasuries and most industrial metals. The dollar fell to the lowest level since February against a basket of six major currencies as the Federal Reserve keeps borrowing costs low and moves closer to easing monetary policy to bolster the U.S. economy. More


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Hard times bonanza for Albemarle & Bond in Scotland    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Pawnbroker Albemarle & Bond in Scotland is expected to post a surge in profits as it cashes in on consumer hardship and a soaring gold price. The company is opening a swathe of stores under its Cheque and Pawn and Herbert Brown brands to capitalize, with a further 25 shops due in the current financial year to add to the 15 outlets in the year to June 30. More

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