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NPA Weekly NewsBrief
Sept. 30, 2008  
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Letting Go to Hang On
from the Myrtle Beach Sun News
Randy Baker, whose family has run its namesake pawnshop in Conway, S.C., for 17 years, said he has heard the heart-wrenching stories the economy has created: the man who had to part with the gun his great-great grandfather left for him; the woman who shed tears as she handed over heirloom jewelry for cash to pay the bills; the laid-off single parent trying to make ends meet. More

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Cash America Announces Intent to Acquire Ownership in 100 Pawn Locations in Mexico
from the Business Wire
Cash America International Inc. announced Monday that it has entered into a letter of intent to acquire an 80 percent ownership interest in a 100 store chain of pawnshops in Mexico. The transaction would allow Cash America to acquire what is believed to be the second largest privately owned pawn chain in Mexico through a majority purchase of the parent company which owns and operates the business. More

Gold Falls as Prospect of Bailout Plan Reduces Crisis Concern
from Bloomberg
Gold fell in Europe as the prospect of a U.S. government-led $700 billion bank-rescue package eased investor concern over the global credit market crisis. A $4 slump in oil prices is also pressuring gold, as weaker crude can undermine sentiment towards commodities as an asset class. More

Pawnshops Offer Quick Loan Options When Times are Tough
from the Sun-Sentinel
More people are turning to pawn shops to help ends meet. It's not a bad way to go if you're looking to pick up some extra cash for less-than-essential home goods — old jewelry, electronics, tools. There are plenty of pawn shops to choose from — hundreds in South Florida alone. 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

Dreary Economy Gives Boost to Pawnshops
from the Charleston Daily Mail
Need money in a hurry? Got something to pawn? Folks in need of quick cash have been gravitating to pawn shops Charleston, W. Va., lately as the cost of everyday living continues to rise. More

Pawnshops Trying to Balance Cash Flows in Tough Times
from St. Petersburg Times
In a corner, keyboards and dozens of guitars were on display. In a nearby aisle, construction equipment, including air compressors, nail guns and paint sprayers filled several shelves. In the center of the store, more than 20 engagement rings glistened like broken glass from the display case. More

Pawnshops Booming in Bleak Economy
from NBC4i
Columbus, Ohio residents are looking to pawnshops to sell off their assets in this down-sliding economy. The golden rule in the pawn shop business is that gold does rule. It is what people who need money are selling and what people who have money are buying. More

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Bye-Bye Lunch Hour
from St. Louis Business Journal
More and more the “lunch hour” is a misnomer, as workers forgo their midday break to work even more, according to a new survey from OfficeTeam. During the past five years the lunch break has shrunk to 35 minutes, the survey says. Managers in the survey admitted that they work through lunch more than half of the workweek. More

State Launches Pawnshop Sweep
from South Florida Business Journal
Pawnshops in Miami-Dade and Broward counties in Florida will be the target of a sweep by investigators from Florida’s Department of Agriculture and Consumer Services this week. Commissioner Charles H. Bronson said his office wants to make sure shops are complying with regulations governing property identification on pawn transaction forms and are properly licensed with the state. There are an estimated 1,100 pawnshops registered statewide. More

Tips for Helping Workers Cope with Stressful Times
from The Oregonian
American worker stressed out by declining home values, increased costs for food and energy, worries about job security and falling stock retirement funds - are bringing their anxieties to work, says Robert Fellman, director of a Florida computer-training firm. Human resources experts recommend that employers be direct about the financial stresses on their companies, make all necessary layoffs at one time and try to reduce stress by offering more positive feedback. More

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