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BREAKING :
THE NATIONAL RIFLE ASSOCIATION IS FIGHTING BACK AGAINST A LAWSUIT FILED THURSDAY BY NEW YORK’S ATTORNEY GENERAL BY SUBMITTING ITS OWN CIVIL SUIT AGAINST THE STATE OFFICIAL, ACCUSING HER OF DEFAMATION AND VIOLATING ITS RIGHTS TO FREE SPEECH. THE NRA’S LAWSUIT WAS FILED IN THE FEDERAL COURT OF NEW YORK AND ALLEGES ATTORNEY GENERAL LETITIA JAMES “MADE THE POLITICAL PROSECUTION OF THE NRA A CENTRAL CAMPAIGN THEME” WHEN SHE WAS RUNNING FOR THE AG’S OFFICE IN 2018, AND HAS NOT TREATED THE ASSOCIATION FAIRLY SINCE.AS POLICE FORCES THROUGHOUT AMERICA LOSE FUNDING, THE INEVITABLE HAS BEGUN: PEOPLE ARE STOCKING UP ON GUNS AND AMMUNITION. BACKGROUND CHECKS PRIOR TO GUN PURCHASES HAVE SHOT UPWARD. IN JULY OF THIS YEAR, THE FEDERAL BUREAU OF INVESTIGATION PERFORMED 3,639,224 OF THESE CHECKS. IN JULY 2019, THEY PERFORMED ONLY 2,030,661. THAT’S AN INCREASE OF 79.2 PERCENT. JUNE, THE MONTH MAJOR RIOTS BEGAN SWEEPING THROUGH AMERICA, SAW AN EVEN STEEPER INCREASE. FBI DATA INDICATES 2.3 MILLION GUNS WERE SOLD IN JUNE 2020—AN INCREASE OF 145.3 PERCENT OVER JUNE 2019. MEANWHILE, POLICE IN MAJOR CITIES ARE BEING DEPRIVED OF THEIR ABILITY TO ENFORCE THE LAW.SINCE MARCH, MANY INDUSTRIES HAVE COME TO A STUTTERING HALT OR HAD TO ADJUST THEIR OPERATIONS QUICKLY TO REMAIN AFLOAT AMID COVID-19. HOWEVER, THE WEAPONS INDUSTRY, PARTICULARLY GUN OWNERSHIP AMONG BOTH WOMEN AND MEN, HAS SEEN A HUGE SPIKE AMID THE PANDEMIC AND NATIONWIDE PROTESTS. AN ESTIMATED 46.3 PERCENT OF ADULTS OWN GUNS IN ARIZONA IN 2020. WOMEN GUN OWNERSHIP ACCOUNTS FOR MORE THAN 20 PERCENT OF GUN OWNERS NATIONWIDE.AMMO SALES HAVE SURGED FOR VISTA OUTDOOR AND OLIN CORP. DURING THE COVID-19 PANDEMIC AS FEARS OF CORONAVIRUS AND CIVIL UNREST PROMPT AMERICANS TO BUY GUNS AND BULLETS. VISTA OUTDOOR CEO CHRIS METZ SAID IN AN EARNINGS CALL THURSDAY THAT STRONG AMMUNITION SALES IN THE LAST QUARTER WERE DRIVEN BY AN INDUSTRY-WIDE 40% INCREASE IN FIRST-TIME GUN BUYERS DURING THE PANDEMIC, INCLUDING WOMEN AND PEOPLE OF COLOR, BASED ON DATA FROM HE NSSF GUN INDUSTRY GROUP. HE SAID THAT AMMO DEMAND IS SO BRISK, AND FUELED IN PART BY STOCKPILING, THAT SOME NEW BUYERS HAVE COMPLAINED THAT THEY CAN’T FIND ENOUGH AMMO IN STOCK.SMITH & WESSON ANNOUNCED THAT THEY WILL BE SPINNING OFF AMERICAN OUTDOOR BRANDS IN AUGUST. THE SMALL SIZE (NEARLY MICRO-CAP) OF THE SPIN-CO RELATIVE TO THE PARENT MAY PRESENT AN OPPORTUNITY TO TAKE ADVANTAGE OF FORCED SELLING. INCENTIVES OF NEW MANAGEMENT ARE STRONG. TRADING COMPS SUGGEST THAT THE SPIN-CO MAY FETCH A HIGHER MULTIPLE THAN IT WOULD AS A PART OF SMITH & WESSON BRANDS. IT WAS ANNOUNCED FRIDAY THAT SMITH & WESSON'S (SWBI) BOARD OF DIRECTORS APPROVED THE SPINOFF OF THEIR "OUTDOOR PRODUCTS AND ACCESSORIES" BUSINESS LINE AS AMERICAN OUTDOOR

VA – GUN CONTROL – Suit Filed To Stop A One Handgun A Month Law In Virginia

It didn’t take long for the Democrats, once they got control of the entire Virginia General Assembly, to pass a whole host of new gun control laws. One of them limits handgun purchases to one per month. Proponents say it will prevent straw purchasers (which is already illegal, of course) from purchasing large numbers of handguns for illegal sales elsewhere. Republicans called the law unconstitutional, especially in the light of the Supreme Court’s 2008 Heller decision, and predicted that it would be challenged. Well, that has happened. The Virginia Citizens Defense League and Gun Owners of America filed a lawsuit in Goochland County Circuit Court to stop the law. The suit claims the law violates the section of the Virginia Constitution dealing with the right to “keep and bear arms.” The suit also argues that the State has no factual basis for the claim that limiting handgun purchases is necessary to curb gun trafficking. Of course, the Governor and the Attorney General say that: “These measures were put in place to keep Virginians and their communities and loved ones safe.” That is always one of the justifications for these kinds of laws; give up some of your rights and a little of your freedom, and we’ll make you feel safer. They claim it will be “extremely successful in keeping a large number of firearms off our streets.” Hopefully, the lawsuit is successful, but in the meantime, there is at least a workaround. The law includes an exemption for Virginians that have an active concealed carry permit. Still, why should any law-abiding citizen need to get any kind of permit to purchase any legal item in the state? How about we limit how much alcohol someone can buy per month in an effort to reduce drunk driving deaths?  Oh yeah, the country tried something like that a while back. How well did that work out? And that’s not even a constitutional right.  [View Source]

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