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Dates: during 2010-2019
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...high price of gold. The precious metal's price is up to more than $1,200 an ounce, vs. about $860 in January 2009. Suddenly, dusting off that old flame's gold necklace is an easy way to score a quick loan. "With the price of gold moving higher, it allows individuals to get a bigger loan, and that has been a stimulus to driving increased pawn lending," says Joshua Elving, a senior analyst at Feltl...

Author: /time Magazine | Title: Pawnshops Flourish in Hard Times, Drawing Scrutiny | 1/14/2010 | See Source »

First Cash Financial recently raised earnings guidance for fiscal 2009 and 2010 to reflect higher than expected revenue from the company's pawnshop operations in the U.S. and Mexico. "Our fourth-quarter pawn revenues significantly exceeded our expectations," said Rick Wessel, the company's chief executive, in a statement. The revised projections imply earnings growth of 20% to 26% for the fourth quarter, up to 14% for fiscal 2009 and as much as 16% in fiscal 2010. (See the worst business deals...

Author: /time Magazine | Title: Pawnshops Flourish in Hard Times, Drawing Scrutiny | 1/14/2010 | See Source »

...data, investigators determined that wetlands contribute from 53% to 58% of global methane emissions and that rice paddies are responsible for more than a quarter of that output. The study could help make climate-change models more accurate, and help scientists understand whether increasing temperatures will lead to even higher methane emissions down the road. "It's all about more accurately describing climate in these models," says Paul Palmer, a geoscientist at the University of Edinburgh and a co-author of the Science paper...

Author: /time Magazine | Title: How Wetlands Worsen Climate Change | 1/14/2010 | See Source »

...temperate regions north or south of the tropics. Moreover, emissions from Arctic wetlands - they do exist - were increasing fastest of all, up more than 30% between 2003 and 2007. That could be due to overall warming. "Most climate models say the surface is going to warm at higher latitude, and this is going to have serious implications for emissions from wetlands," says Palmer...

Author: /time Magazine | Title: How Wetlands Worsen Climate Change | 1/14/2010 | See Source »

...University's top finance official has described the Internal Revenue Service's decision to include Harvard in its audit of 40 institutions of higher education as a natural consequence of Harvard's large and diverse operations...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Harvard Natural Target for IRS Audit, Administrator Says | 1/14/2010 | See Source »

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