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Posts Tagged business
Czech Group Get Approval To Buy US Ammo Brands
From Guns.com:
The Committee on Foreign Investment in the United States has given the green light to the proposed acquisition of Vista Outdoor’s varied and iconic ammunition brands to the Czechoslovak Group.
In a release from Vista on Wednesday, the company announced it had received written notice from CFIUS that the federal regulator has concluded its review and investigation of the proposed transaction “and has determined that there are no unresolved national security concerns.” The clearance by CFIUS was the final governmental regulatory approval required for the deal to proceed. U.S. Federal Trade Commission had previously cleared the acquisition from an antitrust perspective.
Bank of America Reverses Stance On Gun Investments
From The Spokesman-Review:
Bank of America Corp. is loosening restrictions on lending to the firearms and energy industries amid pressure from anti-ESG politicians in Texas and Florida.
The bank backed off its ban on lending to companies that make assault-style guns used for non-military purposes. Rather, the firm will make such decisions on a case-by-case basis with senior risk officers, according to its latest environmental and social risk policy framework. The Charlotte, North Carolina-based bank also made similar changes to its energy lending policies – it no longer has a blanket ban on financing for Arctic drilling.
Georgia Credit Union To Block Gun and Ammo Purchases
From Bearing Arms:
According to Dobbins, “The highlighted portion that was shared was under the section of the Online Banking User Agreement as it pertains to person to person payments.” She added, “Georgia United Credit Union offers its members a convenient person-to-person payment service, allowing for digital transactions using a phone number or email.”
Basically, this is something like Zelle or Venmo, where you can transfer money from your account to someone else without having to use a credit card or something else.
Dobbins notes that Georgia United Credit Union uses a third-party for this service, though she didn’t clarify exactly who the third-party was, despite me asking. As such, it’s unclear if this was the credit union’s decision or the third-party’s.
State AGs Warn Credit Card Companies About Guns
A Slow Economy May Cause Businesses To Be More Acommodating
From The Truth About Guns:
Now, we’re seeing that FedEx is falling on hard times, with their stock tumbling last week (UPS stock took a hit, too). This obviously wasn’t caused by their newly restrictive “ghost gun” policies, as that revenue is a tiny fraction of a rounding error to a company like FedEx. But it does signal a tightening economy and possibly a further downturn that could put all kinds of businesses in a difficult position.
Disarming Americans Without Laws
From The Federalist:
The gun prohibition lobbies, having mostly failed in their campaigns to convince legislatures to ban guns, have intensified their efforts to disarm Americans by other means. The Biden ammunition ban is one step in the process.
If You Need A Job, The Gun Industry Is Hiring
From Forbes:
Gun companies have been hiring thousands of workers throughout the coronavirus pandemic, riding an unprecedented swell in gun sales and bucking a steep overall decline in manufacturing employment in the U.S.
The publicly traded leaders in the industry said they’ve ramped up hiring during the pandemic to try and meet the record demand for guns and ammunition, which has outstripped the industry’s manufacturing capacity.
Biden To Reverse Fair Banking Rule?
From Guns.com:
“There’s no reason for today’s action by career officials in the Office of the Comptroller of the Currency other than bending to political pressure from big banks and stalling or eliminating the rule will not stop the efforts of those of us who support it from continuing these efforts,”  said U.S. Sen. Kevin Cramer R-N.D., who sits on the Senate Banking Committee. “The Biden Administration should use this opportunity to demonstrate leadership and not just be puppets for the large financial interests who back them.”
Fenix Ammunition Takes A Stand Against Selling To Police
From En Bloc Press:
Fenix Ammunition shared a Penalty Notice from the Michigan Department of Health and Human Services on Twitter the other day. Apparently a police officer “was dispatched†to their business in November of 2020. What prompted this dispatch is unclear. The police officer, Matthew Chaylaszek, reported seeing a sign on the door that read “We do not wear masks, make your own decisions.†Chaylaszek says he entered the shop and saw the owner, Justin Nazaroff, unmasked and helping a customer. Now, come January, they’ve been fined $1,000 by the State of Michigan for the mask violation. As a result, Fenix Ammunition has suspended ammo sales to law enforcement agencies.
Missouri Gun Shop Doesn’t Want Biden Supporters
From The Gateway Pundit:
The gun shop made the hilarious announcement in a Facebook post, which triggered quite a bit of outrage from the left.
“We don’t have guns or ammo for Biden Supporters. Sorry for the inconvenience,†the shop wrote.
Biden Says Unity While Attacking The Bill Of Rights
From Ammoland:
“My first day in office,†he declares in the video, “I’m going to send a bill to Congress repealing the liability protection for gun manufacturers, closing the background check loopholes and waiting period that now let too many people slip through the cracks.â€
Oregon Governor Threatens To Take Woman’s Kids
From World Net Daily:
An Oregon woman and her salon corporation have filed a lawsuit seeking $100,000 in damages against Gov. Kate Brown and various other state officials for the governor’s decision to sic social services on her and allegedly threaten to remove her children from home because she kept her business open during the coronavirus-pandemic lockdown.