Word: pawning
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...become an issue. Last week on Fox News, Crist blasted his surging opponent in the August Republican primary election, former Florida house speaker Marco Rubio, for having used a GOP-issued American Express card for personal purchases, including $133.75 spent at a deluxe Miami barbershop. Rubio is "trying to pawn himself off as a fiscal conservative," Crist said. "And yet he had a Republican Party of Florida credit card [and] he charged $130 for a haircut, or maybe it was a back wax. We are not sure what all he got at that place." (See 10 elections that changed America...
...decades." Clinton and Palin suffered brutal personal attacks during their campaigns, venom that Kornblut ascribes to sexism. Won over by Barack Obama, young women failed to appreciate the historic nature of Clinton's quest. Sarah Palin's good looks, meanwhile, "contributed to the narrative of her as an idiotic pawn." Still, the author's in-depth interviews with powerful female politicians like Nancy Pelosi, Claire McCaskill and Janet Napolitano show that the distaff political troops are on the move...
...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...
...Although pawn loans are far pricier than credit-card and bank loans, they also are faster, don't require complicated paperwork and don't affect one's personal credit. Since the loan is backed by merchandise, if the loan isn't repaid, the person simply loses the pawned item - "whereas with other types of loans, I could lose my house or car," says Henry Coffey, a senior analyst at Sterne Agee & Leach...
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...