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The ups and downs of being a DC pawnshop during a shutdown
The Washington Post
Starting on Oct. 11, depending on their pay cycle, some furloughed government workers who were supposed to get full paychecks didn't get them. Another batch may have come up short on Oct. 15 — and a third gets hit today, Oct. 17. Presumably, some feds don't have that thick a financial cushion, and might opt for the backup of people on the economic margins everywhere: Pawnshops. Jessica Barakat, who manages the independent Crown Pawnbrokers in Washington, D.C., says she's seen a few of them come in over the past few days. "I basically just hear reasons a lot, why people can't make it through the week, when something unexpected happens, and people have to dip into their savings, or they don't want to," Barakat said.
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Pawnshops soar: More consumers depending on these banks for broke people
Chattanooga Times Free Press
It's nearly time for the lunch rush at Quick Cash Pawn Shop in Chattanooga, Tenn. A young woman in a saggy T-shirt opens the front door, cradling a 12-megapixel camera in one hand and using the other to push past the steel security bars protecting the glass. She strides over the threshold, not into a dingy room piled high with dusty electronics and firearms of questionable origin, but into a well-lit showroom organized like a department store. Guitars on the left, jewelry to the right, guns straight ahead.
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Warrants provide more details in Danville, Ky., triple pawnshop homicide
The Lexington Herald-Leader
Search warrants and affidavits for warrants provide new information about how police were led to arrest and charge a Pulaski County, Ky., minister with three counts of murder and one count of robbery. … The pawnshop slayings happened in the presence of a 9-year-old boy and 14-month-old sister. The boy called 911 shortly after 9 a.m. to report that his parents had been shot.
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See related story:
Warrants: Pastor angry with pawnshop owners (The Associated Press via The Greenwich Time)


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Meeting with congressional leaders postponed, precious metals edge higher
Wall St. Cheat Sheet via FOX Business
Precious metals found some buying support as a fiscal compromise still eludes Congress. With the government entering its third week into the partial shutdown, politicians have yet to agree on how to reopen the government and raise the debt ceiling.
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Financial access in a brave new banking world
Center For American Progress
According to the Federal Deposit Insurance Corporation, or FDIC, 17 million American adults lack a bank account, and that number is growing. An additional 51 million adults are considered "underbanked" by the FDIC, meaning that while they may have bank accounts, they also rely on some nonbank financial institutions such as check cashers and pawn shops.
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See related story:
Are banks obsolete? (Forbes)


The pawnshop detail: A good fit for retired cops in Canada
Hamilton Spectator
How many retired cops does it take to run a pawnshop? If you're Gord Thompson, the answer is as many as you can get. The longtime pawnbroker, who owns G.W. Thompson Co. Ltd Jeweller and Pawnbroker in Hamilton, Ontario, Canada, has six retired police officers on the payroll — out of a staff of 10.
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What goes into picking a small business name?
USA Today
If an entrepreneur accidentally picks a designation already in use by a competitor, or even a name that is close, the other firm's lawyer may send a cease-and-desist demand. Yet if a small business owner makes up a word to brand the business, there's the chance that potential customers won't understand it, will mispronounce it or won't remember it at all.
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'Hardcore Pawn' experiences a 'Gold Crash' on Tru-TV
Examiner
On a recent episode of "Hardcore Pawn," where at Detroit's famous American Jewelry and Loan, the shop is never without conflict, and sibling rivalry. One only needs to watch one episode to experience what weird things happen next.
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Kansas City, Mo., area taking the lead in the online lending industry
Kansas City Star (opinion)
At least six federal agencies have embarked on a much-needed crackdown on Internet short-term lending, a burgeoning industry rife with abusive tactics.

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Gold prices rise on concern about Washington budget stalemate
Los Angeles Times
Gold prices rose for the first time in four trading sessions on mounting concern that U.S. budget negotiations will collapse and lead to a government shutdown.

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What the self-employed need to know about Obamacare
Entrepreneur
Sole proprietorships are among the millions of individuals expected to buy health insurance through the state-based marketplaces which will start enrolling consumers on Oct. 1.

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Tips for combating employee burnout
Intuit Small Business
As a small-business owner, you expect to work long hours, assume ever-increasing levels of responsibility, and think about your job all of the time. It's easy to start expecting the same of your staff. But if you constantly overload people, you risk employee burnout, which can have serious consequences for your business.
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Pawnshop worker in Texas arrested for alleged theft from employer
Waco Tribune-Herald
Christopher James Malik, 29, was freed on $5,000 bond after an arrest on a charge of theft over $20,000 and under $100,000 connected with an alleged theft from his employer, Cash America Pawn in Waco, Texas.
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