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Pawn shops offer a way for people to get fast cash for loaned items, or for them to shop for items at a discount.When the pandemic hit, pawn shops were deemed essential and stayed open, but the reasons people came in were different than what was expected.“This is how we test diamonds, it’s a diamond tester” Michael Mack, owner of Max Pawn, said while explaining how pawn shops figure out the worth of a ring. “And then we weigh.”This is part of the process at a pawn shop, customers bring an item in and an employee assesses it. They make an offer based on value. If you say yes, you walk out the door with cash. You either keep the money and the shop eventually puts your stuff up for sale, or you bring the money back and reclaim your items.Like all industries, COVID-19 has caused some change.“Business is difficult,” Mack said. “All of these businesses are not able to do business the way they used to, and pawn shops are no different.”However, pawn shops were deemed essential. “We’re a financial institution. We remained open this entire time,” said Andy Zimmerman, CFO at Gold & Silver Pawn Shop.There to provide loans for people in need of fast cash, sometimes to those who don’t have access to a bank.“Unbanked and underbanked, they typically refer to a consumer that finds your typical bank branch not really meet their needs,” said Jonathan Polter, CEO of the app PawnGuru. The app connects customers with pawn shops, without having to go into a store first.“Traditional banks make money off a variety of transactions and because of the financial situation of the unbanked and underbanked consumer, they’re typically not credit-worthy of many of those other products,” Polter said. This was important during the last recession.“When 2008 hit, pawn shops became more prevalent because banks were giving less money to everyone. Before, pawn shops catered to a lower class middle class,” Mack explained. “We had people come in and get a loan on a Ferrari to pay their private school bill.”That’s what shop owners said they expected when the economy took a hit in March.“The anticipation was that the loan balances or the pawns would increase but, in fact, it’s worked the other way, with the federal stimulus, it seems that a lot of the customers typical of a pawn shop have in essence received a raise,” Zimmerman said. Zimmerman works at the Gold & Silver Pawn Shop in Las Vegas, a popular shop and tourist destination.“The outflow of goods versus the inflow of goods has been a surprise to everyone in the industry,” he said.Pawn shops can’t even keep certain items in stock, such as electronics, guns, and jewelry.“We were just selling through thousands of ounces of silver,” Zimmerman said. “The stimulus really had an impact on people’s behavior.”“Also bicycles, everyone wanted to ride a bicycle, so bikes are gone,” Mack said. This left many shops with low inventory, and lots of cash.“Right now, I don’t know that the industry has ever seen this before,” Polter explained. “Their industry is dried up and at the same time, they haven’t really had the time to replenish it.”“Pawn shops are not built to sit on cash,” Polter said. “They’re built to put cash into consumers pockets and that’s how they make money.”Mack’s shop is working with customers like many pawn shops are, offering curbside pickup or lowering loan interest rates for a while. “The asset is the customer,” he said.But without more loans coming in and a low inventory of items, pawn shop owners said there could be trouble further down the line.“We've been affected and if you drive to any other pawn shops there's nothing in their stores at all. So for that to come back we need a normal economy to really get loans and sell things,” Mack said. 3747
Our Nation grieves with those affected by the tragic shooting at the Virginia Beach Municipal Center in Virginia Beach, Virginia. Americans unite in praying for God to comfort the injured and heal the wounded. May God be with the victims and bring aid and comfort to their families and friends. As a mark of solemn respect for the victims of the terrible act of violence perpetrated on May 31, 2019, by the authority vested in me as President of the United States by the Constitution and the laws of the United States of America, I hereby order that the flag of the United States shall be flown at half-staff at the White House and upon all public buildings and grounds, at all military posts and naval stations, and on all naval vessels of the Federal Government in the District of Columbia and throughout the United States and its Territories and possessions until sunset, June 4, 2019. I also direct that the flag shall be flown at half-staff for the same length of time at all United States embassies, legations, consular offices, and other facilities abroad, including all military facilities and naval vessels and stations. IN WITNESS WHEREOF, I have hereunto set my hand this first day of June, in the year of our Lord two thousand nineteen, and of the Independence of the United States of America the two hundred forty-third. 1341

Police say that a Massachusetts home owned by Tampa Bay Buccaneers QB Tom Brady and his wife, model Gisele Bündchen, was broken into early Monday morning.According to the Brookline Massachusetts Police Department, police were notified when a home security alarm was triggered at Brady's home just before 6 a.m. Monday.Using security cameras in the house, police were able to see that the suspect had moved to the basement. "Multiple" units responded, and when they arrived, they found the suspect lying on a couch in the middle of the room.Police arrested the suspect, 34-year-old Zanini Cineus, formerly of Brockton, Massachusetts. He's with breaking and entering, attempted larceny and trespassing. Police say he was also wanted for "several active warrants" in other parts of the state.Police did not report that anything was stolen from Brady's home.Brady played quarterback for the New England Patriots — who play their home games about an hour south of Brookline in Foxboro — from 2000 to 2019. Earlier this year, Brady signed a two-year contract with the Buccaneers and has been living in the Tampa area for several months.The break-in came just days after reports emerged that Brady's health and wellness company, TB12, had been granted a million PPP loan earlier this year amid the COVID-19 pandemic. 1320
PASADENA, Calif. (KGTV) -- Thursday, the world’s first autonomous robotic kitchen assistant, Flippy, made its debut.Flippy will begin working alongside kitchen staff at CaliBurger’s Pasadena location.Flippy will, of course, be flipping burger patties and removing them from the grill.The robotic arm was created by Miso Robotics, a company that specializes in robotics and artificial intelligence solutions.The company also developed Miso AI, a cloud-connected learning platform that powers the robotic arms.The technology can detect when the raw burger patties are places on the grill and monitors each one as it cooks.Miso AI displays cooking time and alerts staff when it’s time to place the cheese on top of the patty or dress the burger. 755
PHOENIX (KNXV) - Imagine getting the greatest gift of your life and then suddenly having it ripped away. It's what the Gateway Academy in Phoenix is feeling right now. The K-12 school for high functioning students with autism just had an important gift taken away.It's an empty field right now but the plan was for Gateway Academy to remove all of the bushes and gravel to make room for a brand new adaptive playground. The cost of entire project would be picked up by a very generous donor."We thought we had found an angel who understood the population and who's ready to give generously," said Robin Sweet, the school's executive director. "Not so much."That donation, ,000. How much the school has seen of that money? Nothing."Before I signed the purchase order I called him again just to make sure," said Sweet.That donor backed out. Now the school is left with a massive bill, a playground that's sitting in storage on pallets and students who are disappointed."Guess what, don't see anything out here," said Joseph, an eighth grader at Gateway. "It's not just to have fun. It would really help us," said Joseph."It's instrumental in their well-being and mental and physical health and then to say, sorry - just kidding?" said Sweet.The school won't identify the donor but Sweet does have a message for the man. "Shame on you. It's not about me but it's about the kids. That's terrible."The school has its hands tied and can't take legal action against the donor. The school is holding a fundraiser at a trampoline park and a?GoFundMe page has also been set up to help the school. 1615
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