Posts Tagged gun industry

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.

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Troy Industries Moves to Tennessee From Massachusetts

From Guns.com:

Springfield, Massachusetts-based Troy Industries is leaving the anti-gun Commonwealth for friendlier digs down south in the Volunteer State. 

The nearly 20-year-old gun, magazine, and accessory maker announced this week that it will relocate its headquarters and manufacturing plant to Clarksville, Tennessee. The $7.2 million move will begin this June and will offer 75 new jobs in the Montgomery County area. 

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Remington Reopens NY Facility

From Syracuse.com:

The Remington Arms factory in the Herkimer County village of Ilion has reopened, eight months after its previous owner closed the plant and laid off more than 700 workers.

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Senator Suggest That Banks Lose FDIC Insurance If They Discriminate Against Gun Businesses

From The Truth About Guns:

And these are legal commerce. These are profitable companies. I’m just saying that you can’t discriminate that way if you’re an FDIC bank. And if you do, you should probably lose your insurance.

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California Gun Control See-Saw

From Guns.com:

The U.S. 9th Circuit, on prompting from California Attorney General Xavier Becerra’s office, late Friday stayed U.S. Senior District Judge Roger Benitez’s Thursday order enjoining the State of California from enforcing both the ammunition sales background check and the ammunition anti-importation provisions of Prop. 63.

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Gun Industry Helping During Emergency

From NRA-ILA:

Remington Arms, the nation’s oldest gun maker, has offered the use of its manufacturing facilities in Ilion, New York. In a letter to President Donald Trump and New York Governor Andrew Cuomo, Remington CEO Ken D’Arcy offered “approximately one million square feet of unused and available manufacturing space.”

Cole-TAC, a New Hampshire-based company “dedicated to creating the toughest gear for shooting enthusiasts,” is now making gowns and masks for a local nursing home.

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Stop Using Credit Cards To Buy Guns

From Reason:

Rep. Jennifer Wexton’s (D–Va.) “Gun Violence Prevention Through Financial Intelligence Act” would require the Financial Crimes Enforcement Network (FinCEN) to “request information from financial institutions for the purpose of developing an advisory about the identification and reporting of suspicious activity.” The bill’s aim is to identify a consistent purchasing pattern among people who buy firearms and firearm accessories in order to conduct “lone wolf acts of terror” and expose how the firearms market in the United States is exploited by would-be mass shooters.

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Stag Arms Moves To Wyoming From Connecticut

From The Truth About Guns:

Stag’s Board of Directors today announced that Chad Larsen has been appointed Stag’s President effective immediately. The Company also announced that it will be relocating to Cheyenne, WY, by the end of the year. In June, the Company disclosed its decision to move from Stag’s former headquarters in New Britain, CT, and accordingly initiated a national search for a new location.

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NJ Now Going After Banks That Do Business With Gun Industry

From The New York Times:

New Jersey intends to stop doing business with gun manufacturers and retailers that fail to adopt policies, like conducting background checks, to stop guns from falling into the wrong hands, becoming the first state to take such stringent action against the firearms industry.
The state will also apply pressure on major financial institutions, seeking information from banks that do business with New Jersey about their relationships and policies involving gun makers and sellers.

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Lawmakers Continue To Go After Banks

From Forbes:

State legislatures, however, are finding ways to pressure banks.  Recently,  California Assemblywoman Sydney Kamlager-Dove (D-Los Angeles) introduced a resolution to urge  “banks that have open demand accounts with the state to evaluate their relationships with gun manufacturers and adopt lending practices that protect citizens before profits.”  The resolution states the California has “demand accounts with six banks that concurrently lend to gun manufacturers, which are Bank of America, Citibank, JPMorgan Chase & Co., Union Bank MUFG, U.S. Bank, and Wells Fargo & Co.”  According to Kamlager-Dove, “California has more gun laws than any other state in the union.”  Hence, instead of proposing new laws, Kamlager-Dove’s resolution “intends to affect the proliferation of guns by urging six nationally chartered banks to curtail their relationships with gun manufacturers. If major banks refuse to extend credit to gun manufacturers, borrowing costs for gun manufacturers would likely increase, which could reduce industry investment in additional capacity or new business lines.” Moreover, “such a result could reduce the proliferation of guns not only in California, but also across state lines.”

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Dealers Sue Illinois Over Licensing Law

From The Truth About Gun:

This week, a group of dealers and the Illinois State Rifle Association brought suit against the state, arguing that the new law imposes an unfair and discriminatory financial burden on business owners. The governor’s office defends the proposal on the grounds that it makes the state safer, invoking terms such as “commonsense.”

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Dems Block Measure To Reduce Gun Regulations

From Guns.com:

The move, an amendment to the National Defense Authorization Act — the must-pass funding bill for the military — was agreed to in a Democrat-heavy 225 to 205 vote. Introduced by U.S. Rep. Norma Torres, D-CA, the proposal would block President Trump’s nearly complete transfer of several weapons categories from export licensing controlled by the State Department to the more relaxed purview of the Commerce Department.

The three categories of the State Department’s United States Munitions List — those dealing with small arms including firearms, close assault weapons, combat shotguns and ammunition and ordnance — are set to transfer to the Commerce Control List, which, as previously reported, could benefit domestic gun and ammo makers looking to sell more overseas.

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YouTube Continues Crackdown On Gun Channels

From Bearing Arms:

So, YouTube appears to have informally implemented a new, unspoken policy (i.e., I could not find this in the content guidelines) whereby it will demonetize videos which aren’t shot in a “controlled environment” such as a “shooting range.”

This raises a lot of questions, not the least of which is:
How does YouTube determine what usage is improper? Is there someone at YouTube with proper training on safe gun handling who will implement these policies?*
How will they know when someone is in a “controlled environment” or not, and who has the authority to reach that conclusion?
Is a shooting range, in fact, safer and more “controlled” than the creator’s private property such that this policy needs to be implemented, to begin with?
WHAT IS A MODIFIED WEAPON?
Who do you think you are?
What gives you right?

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Dem Pressures Bank CEO To Do More On Guns

From Yahoo News:

However, Maloney’s tone shifted when she directed her questions to Dimon. The congresswoman referenced Dimon’s widely read annual letter released last week in which he wrote about JPMorgan having to sometimes turn down clients “with low character” as a way to be a “responsible” bank.
Maloney used excerpts of the letter to grill Dimon, saying that “actions speak louder than words on guns…[and] from what I can tell, these are just words to you.”

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Bill Introduced To Protect Gun Industry Access To Financial Services

From Guns.com:

The proposal, SB 821, was crafted to keep large financial institutions from denying service to constitutionally-protected industries involved in lawful shooting sports. Introduced by North Dakota Republican U.S. Sen. Kevin Cramer last week, U.S. Sen. John Kennedy, R-La, has signed on as a co-sponsor.

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