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Former pawnshop leaves legacy in downtown Dallas
The Daily Mustang via Pegasus News    Share   Share on FacebookTwitterShare on LinkedinE-mail article
It's 1940. Deep Ellum residents in downtown Dallas, along with visitors stroll down the sidewalk on a Saturday afternoon. Jazz music is heard from the nearby Gypsy Tea Room. The street stretching toward downtown is lined mostly with pawnshops. One shop draws more attention than most. It's Honest Joe's, the best known pawn hop in Dallas. Today, the building is still in the family. More

Tracing guns requires team effort
WAFB    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Guns come in many different shapes, sizes and speeds. There is probably a type that fits, no matter what one desires. Todd Fabre owns Superior Pawn in Baton Rouge, La. He said military-style semi-automatic rifles are a hot item, especially during hunting season. According to Fabre, for some of them, a clip holding up to 50 rounds can be used. It's his job to make sure those potentially deadly weapons do not get into the wrong hands. He said he probably sees 25 requests that are denied each year. Fabre is the middle man between the law and the purchaser. More

Pawnshops savor gold price surge
KOCO    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Record gold prices of more than $1,100 an ounce are causing a boom at pawnshops. While customers can get more money than ever for gold items, trading it in won't necessarily translate into a huge payday. "I think it is a good time to sell if it's something that doesn't mean anything to you," said Best Buy Pawn Shop owner Steve Evans of Oklahoma City. "It is going to bring a premium price right now." More

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Burnsville, Minn., considers retooling pawn
The Pioneer Press    Share    Share on
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Pawn America CEO Brad Rixmann is on a mission to loosen restrictions and fees on pawn transactions, and he's starting in Burnsville, Minn. After Rixmann lobbied Mayor Elizabeth Kautz, the city council is reconsidering its ordinance surrounding pawnshops and other resellers. Kautz and Rixmann say it is unfair that pawnshops pay a $2.50-per-transaction fee while other resellers pay no fees. "Why do they focus so much attention on people who come into pawn stores?" Rixmann asked in an interview. "What is it with pawn? Because somebody made a movie — "Pulp Fiction"? ... It's not the real business." More

New Jersey law limiting handgun purchases unfair to retailers, says task force chief
The Star-Ledger    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A New Jersey gun law needs exceptions for various groups — including retailers who will only be able to buy one handgun a month from suppliers — members of a task force reviewing the legislation said recently. The law, intended to restrict the flow of weapons to criminals, has riled gun advocates who say it penalizes law-abiding citizens like target shooters and collectors. More

Fed officials see choppy recovery for U.S. economy
Reuters via ABC News    Share    Share
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High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a recent string of speeches across the country. That means interest rates, currently at historic lows close to zero, should remain near that floor for the foreseeable future, the policymakers said. More

R.I.P. Payday Loans?
NPR    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Payday loans, also known as payday cash advances, remain a hugely controversial and profitable business. In recent years, several states have imposed strict usury limits on the interest pay day loan companies take, some as high as 400 percent on an annual basis. People who resort to payday lending are typically low-income workers with few assets, and the loans often have the effect of depleting the assets of low-income communities. More

Precious Metals Refining Services
Manhattan Gold & Silver has been a worldwide wholesale provider in precious metals refining services and recovery since 1985. Our commitment to our customers and over twenty years of experience allows Manhattan Gold & Silver to provide wholesale precious metals refining services to pawnshops. MORE

EZCORP -- Fast growth, solid profits, low price    Share    Share on FacebookTwitterShare on LinkedinE-mail article
EZCORP Inc. reported net income of $20.9 million or $0.42 per share for the fourth quarter, compared to $16.0 million or $0.37 per share in the prior year quarter. Total revenues for the fourth quarter increased 34 percent to $164.8 million from $123.4 million in the previous year quarter. More
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