Posts Tagged gun business

“Smart Guns” Are Always Just Around The Corner

From Cam and Company:

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How Will Musk’s Twitter Takeover Affect Guns?

From Ammoland:

Probably over half the earth’s population understands that weapons have utility, as they have for all of man’s existence. It is an extreme policy to claim that weapons, even toy weapons, collector’s weapons, tools, knives, and self-defense items which are legal in the vast majority of countries, are somehow “bad” and should not be allowed to be advertised.

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Academic Law Paper on the Essentialness of the Second Amendment

From Josh Blackman:

Constitutional litigation over the Second Amendment has followed a familiar pattern. In the decade since Heller and McDonald, countless cases have turned on a foundational question: how much danger does the weapon pose? But in 2020, the courts were suddenly presented with a novel constitutional question: how much danger does obtaining the weapon pose? During the COVID-19 pandemic, state and local governments enacted complete prohibitions on the acquisition of firearms. Willing buyers were ready to comply with all extant gun-control regulations. But these governments shuttered firearm stores completely. These policies were adopted not to stop the sale of guns but to stop the spread of the novel coronavirus. In short order, these governments deemed the Second Amendment as “non-essential.” 

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First Time Gun Buyer: Younger and Minority

From The Trace:

Pandemic first-time gun buyers are younger and more diverse. That doesn’t mean they’re more receptive to gun reform. Americans bought more than 40 million guns in 2020 and 2021, the two highest sales years on record, according to our gun sales tracker. About 5 percent of adults in America purchased a gun for the first time between March 2020 and March 2022, according to a new survey from NORC at the University of Chicago, bringing the total number of adults living in armed households to 46 percent. More diverse, younger, but with similar views

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Remington Insurer Pays $73 Million To Sandyhook Families

From Bearing Arms:

Suing gun makers over their marketing practices has indeed become more common since the Supreme Court declined to hear Remington’s appeal in 2019, with gun control activists and anti-gun politicians from New Jersey to Mexico using the Connecticut Supreme Court’s ruling as the main legal argument in seeking to blame gun manufacturers for the criminal misuse of their products.

The settlement with the Sandy Hook families certainly won’t do anything to discourage future lawsuits, though the Supreme Court will have another chance to weigh in on the Protection of Lawful Commerce in Arms Act, which was approved on a bipartisan basis by Congress in 2005 specifically to stop this type of litigation.

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Diversity In Gun Owners Is Good News For Gun Rights

From The Economist:

More gun-owners, especially new ones, look like Ms Evans. Of the 7.5m Americans who bought firearms for the first time between January 2019 and April 2021—as gun-buying surged nationwide—half were female, a fifth black and a fifth Hispanic…

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Twelve States Back Foreign Country In Lawsuit Against American Businesses

From Guns.com:

The 26-page brief, submitted by the attorneys general of Massachusetts, Connecticut, Delaware, Hawaii, Illinois, Maryland, Michigan, Minnesota, New Jersey, New Mexico, New York, and Oregon, as well as the District of Columbia, supports a controversial $10 billion lawsuit brought by Mexico against some of the biggest names in guns including Barrett, Beretta, Century Arms, Colt, Glock, Ruger, and Smith & Wesson. 

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ATF Used Loophole To Create Database Of Almost A Billion Gun Records

From The Washington Free Beacon:

The ATF disclosed to lawmakers that it manages a database of 920,664,765 firearm purchase records, including both digital and hard copy versions of these transactions. When a licensed gun store goes out of business, its private records detailing gun transactions become ATF property and are stored at a federal site in West Virginia. The practice has contributed to the fears of gun advocacy groups and Second Amendment champions in Congress that the federal government is creating a national database of gun owners, which violates longstanding federal statutes.

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Arizona Considers Removing Taxes on Guns and Safety Equipment

From Guns.com:

The measure, HB 2166, was introduced last week by state Rep. Steve Kaiser, R-Phoenix, and has four co-sponsors. As detailed by the Arizona Daily Star, the state has a 5.6-percent tax on retail sales that, combined with local taxes, can hit a combined rate as high as 11.2 percent in some communities. This, Kaiser told local media, can be a deterrent to purchasing a firearm, “And cost should not be a barrier to defend your family, your property,’’ said Kaiser.

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“Smart” Guns Continue To Fail

From Bearing Arms:

The truth of the matter is that smart guns aren’t ready for prime time. Not by a mile. But, companies working on them know they can gin up publicity–and likely some degree of investment–by sending out a few press releases and telling the media about how awesome their new firearms are.

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Remington Moves Headquarters To Georgia

From Ammoland:

The announcement marks a turning point for the 205-year-old firearm maker, which was founded in 1816. Remington Firearms was purchased by Roundhill Group investors after bankruptcy proceedings last year. Production of the flagship rifles and shotguns resumed at the Ilion, N.Y., factory and will continue with plans to continue growing the workforce there.

Remington Firearms plans to move equipment that was located at the former Huntsville, Ala., location to the new headquarters in La Grange. Production in Georgia will include firearm models not currently made in the Ilion factory.

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The Big Ammo Companies Are Owned By Two Private Equity Firms

From The American Prospect:

At a glance, Americans appear to have a variety of ammunition companies to choose from: Remington, Winchester, Speer, CCI (Cascade Cartridge, Inc.), Federal Premium. Winchester bills itself as “The American Legend” and has been in business for over 150 years, while Remington has been making guns and ammo for over 200 years and states that their company is as “boundless as the American spirit.” These companies associate their brands with freedom, independence, and toughness. What most customers do not know, however, is that they are all owned by the same two entities: Olin Corporation and Vista Outdoor.

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Smith and Wesson Finally Leaves Maryland For Tennessee

From Ammoland:

Mark Smith, President and Chief Executive Officer, said “This has been an extremely difficult and emotional decision for us, but after an exhaustive and thorough analysis, for the continued health and strength of our iconic company, we feel that we have been left with no other alternative.” He specifically cited legislation recently proposed in Massachusetts that, if enacted, would prohibit the company from manufacturing certain firearms in the state.

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3.5 Million Women Became New Gun Owners In Last Two Years

From CNS News:

Women have bought almost half of all guns purchased since the beginning of 2019, reported The Wall Street Journal on Sept. 16.

Preliminary results of the 2021 National Firearms Survey, obtained exclusively by The Journal, found that about 3.5 million women became new gun owners between January 2019 and April 2021. Approximately 4 million men purchased first-time guns during that period.

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Democrats’ Backdoor Gun Control

From The Federalist:

President Biden and his elitist allies in woke banks and investment firms know that severe restrictions on Second Amendment rights aren’t possible given the current composition of the Supreme Court, thanks in large part to President Trump. So they are turning to other tactics instead, most of which aren’t being covered by the press, to get the job done. It’s working.

For more than a decade, investors, banks, and other financial institutions have been dragging U.S. corporations toward the full adoption of environmental, social, and governance (ESG) standards, posing a significant threat to the long-term survival of the firearms industry.

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