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NPA Weekly NewsBrief
May 26, 2009  
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Pawnshops a Refuge for Desperate Jobless
from Springfield News Sun
These days, plenty of people across Springfield, Ill., are in need of quick cash. With employers Pentaflex and Benjamin Steel laying off workers, and Fuel Systems LLC and Springfield Ford shutting their doors for good, area pawnbrokers are seeing a different demographic: men and women who used to have good jobs. More

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Lottery Winner Opens Pawnshop
from Muscatine Journal
Some people imagine what they would do if they won the lottery, but Muscatine, Iowa's Mark Sievert knows. And he invited shoppers in downtown Muscatine to witness his answer to that fanciful question. ̎I won $50,000 on a lottery scratch off ticket,̎ said Sievert. ̎I always wanted to start my own business ̎ So, he opened Marks the Spot pawnshop seven weeks ago. More

Recession has Rich Mingling with Poor in Paris Pawnshop
from Canwest News Service via National Post
The financial crisis is sending scores of Paris' poorest ‒and wealthiest ‒ residents into one of the world's most unusual pawnshops each day to hock family jewels, art, high-fashion clothing and, in a new twist, cherished bottles from their wine cellar. More

Why Pawnbrokers are Back in Fashion
from The Observer via The Guardian
The rise of the eBay trading culture, and credit crunch fallout, is fuelling a dramatic surge in pawnshop finance. As households become more comfortable with selling all manner of goods online, so those spanning all income bands - but struggling during the recession - are increasingly turning to pawnshops to secure short-term loans. More

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Meltdown 101: How New Credit Card Rules Affect You
from The Associated Press
The overhaul of the credit card industry is being hailed as a triumph for long-abused consumers. But before you start banking on falling interest rates or vanishing fees, you might want to read the fine print. And, with credit so much harder to come by, people could begin turning to outlets such as payday lenders and pawnshops, said Greg McBride, senior analyst with More

Unemployment Up in 44 States
from BusinessWeek
Layoffs may be slowing, but the recession continues to devastate the job market, and the unemployment rate is likely to hit 10 percent by yearend. Forty-four states lost jobs in April as the recession continued to hit hard, the Labor Dept. reported on May 22. More

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Pawnshops Report Rising Sales, Especially of Tools, Guns
from Colorado Springs Gazette
Pawnbrokers - the folks who do business at the gritty end of the economy - say they're starting to see glimmers of hope in an economy that has battered them and their customers. A half-dozen pawnbrokers interviewed recently said business could be better, but they're seeing increased sales and redemption of tools, perhaps an early sign the building industry is on its way to recovery. More

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Payday Bill Falls Short
from Charleston Post Courier
New restrictions on payday lending in South Carolina are more noteworthy for how they fail to protect consumers than how much tougher they make things for lenders. There are some improvements, but the shortcomings are extensive. After long debate, the Senate and House agreed on a bill to limit borrowers to one payday loan at a time. More


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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

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