Category: Business

As I understand it, the ‘gray area’ law letters got the ATF bureaucrap’s attention and the destroyed Russian AK-12 ‘parts kits’ were the cherry on top of the sundae.
Trying to play fast and loose with U.S. code and regulation can be hazardous, as the federal bureaucraps do not like the peasantry devising ‘inventive’ ways to circumvent their restrictive regulations

United States of America v. Larry A. Vickers
Famed Delta Force veteran faces 25 years in a federal prison.

Special operations combat veteran, firearms industry consultant, tactical instructor and YouTube personality with more than a million loyal followers, Larry Allen Vickers, pleaded guilty last week to a multi-count federal indictment that accused him of conspiring to illegally import and obtain machineguns and other restricted firearms, and conspiring to violate U.S. sanctions against a Russian arms manufacturer.

Vickers, 60, faces up to 25 years in prison, according to a press release from the U.S. Attorney’s Office in Maryland. The judge overseeing the case has not yet scheduled a sentencing date.

Vickers’ influence on the firearms industry was massive — especially for all things tactical — because he had the right combination of training, real-world experience and business acumen. Vickers and other operators participated in Operation Acid Gambit — a hostage rescue operation to free American Kurt Muse, a CIA operative who was being held in a Panamanian prison. Today, actual hostage-rescue missions are rare, even for Tier One operators.

Vickers’ expertise was much sought after by small arms manufacturers. He developed improvements, innovations and accessories for Wilson Combat, Aimpoint, Glock and most notably, Heckler & Koch. He helped the German firm with their redesign of the M16, which led to the HK416 — the rifle of choice for special operations units around the world.

Vickers was also a firearms historian and scholar. His Vickers Guide series offered unique insight into the 1911, German small arms of World War II, the AR-15 and he wrote two volumes about the AK-47. He became a voice for AK proponents, and his advocacy led to new design features that improved the rifle’s ergonomics.

Vickers was one of the country’s most successful firearms instructors. A series of television shows and YouTube videos helped reinforce this brand. Although some will say much of his training was pre-9/11, he was one of the first Delta Force retirees to train civilians and law enforcement. His classes almost always sold out.

Vickers high profile and service to this country did not go unnoticed by federal law enforcement, especially the ATF.

The defendants    

Federal agents first raided Vickers’ home in October 2021, while Vickers was battling cancer. They seized 245 NFA weapons from his personal collection, including museum pieces some described as “priceless.” Many of the rare guns baffled ATF investigators, who referred to them on forfeiture paperwork as “unknown machinegun,” which they then valued at $1,000.

At the time, multiple sources said Vickers let his Special Operation Tax (SOT) payment lapse, which prompted the raid. But the federal indictment unsealed last week draws this conclusion into question.

“That indictment alleges that beginning in June 2018 to March 2021, the defendants conspired to acquire machineguns and/or other restricted firearms, such as short-barreled rifles, by falsely representing that the firearms would be used for demonstrations to law enforcement agencies, including the Coats Police Department and the Ray Police Department.

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This is Federal, CCI, and Remington ammo.

Vista Outdoor to sell sporting products unit in $1.91 bln deal, cuts sales forecast

Oct 16 (Reuters) – Vista Outdoor (VSTO.N) said on Monday it would sell its sporting products business in a $1.91 billion deal, although its shares tumbled about 20% in early trading after it cut its full-year sales forecast.

The all-cash sale of the sporting products unit, which includes its guns and ammunition business, to privately held Czechoslovak Group a.s. (CSG) is expected to close next calendar year, Vista Outdoor said.

The outdoor recreation and shooting sports products maker also lowered its fiscal 2024 revenue forecast, citing tight consumer spending on its big-ticket discretionary goods in the face of higher interest rates.

“The reduction in sales from our previous guidance coupled with pricing and promotional pressures across our categories is driving down profitability,” said Vista’s CFO Andy Keegan.

Vista now expects revenue to range between $2.73 billion and $2.86 billion for the year ending March 2024, compared with its previous forecast of $2.85 billion to $2.95 billion.

Earlier this month, Vista spun off its outdoor products segment, which includes helmets and water bottles, into a separate publicly traded company called Revelyst as part of its previously announced plan.

Vista said in a call with analysts and investors that the separation of its sporting and outdoor goods units will be formalized at the closing of its deal with CSG.

Czech-based CSG has seen its revenue and profits rise since Russia’s invasion of Ukraine as demand for heavy military equipment and ammunition to ship to Ukraine soared.

It had a consolidated revenue of 25 billion Czech crowns ($1.07 billion) in 2022 and has been on the lookout for more acquisitions since it took a 70% stake in Italian small-calibre ammunition maker Fiocchi Munizioni last December.

CSG said it plans to take $1.11 billion of debt financing to fund the deal with Vista Outdoor.

Weird, but this still doesn’t stop people from making their own personal guns from scratch, if they want to.

Supreme Court allows Biden administration to continue fully enforcing ghost gun regulations

The Supreme Court on Monday allowed the Biden administration to continue regulating so-called ghost guns – untraceable homemade weapons – as firearms under federal law.

The court’s brief order grants the Justice Department’s request to wipe away a lower court order and allow the regulations to remain in effect while a legal challenge brought by firearm manufacturers continues to play out in the lower courts.

There were no noted dissents to the order.

Ghost guns are kits that a user can buy online to assemble a fully functional firearm. They have no serial numbers, do not require background checks and provide no transfer records for easy traceability. Critics say they are attractive to people who are legally prohibited from buying firearms.

In the Justice Department’s emergency application to the justices, Solicitor General Elizabeth Prelogar pointed out that a district court judge had essentially ignored an order the Supreme Court issued just two months ago.

Back in August, a 5-4 court sided with the Biden administration in a challenge brought by a group of manufacturers and allowed the regulations to remain in effect while legal challenges play out. At the time, Chief Justice John Roberts and Justice Amy Coney Barrett sided with the liberal justices in the government’s favor.

After the order was issued, however, a district court judge based in Texas stepped in to block the regulations as applied to two manufacturers. The injunction was then largely upheld by the conservative 5th US Circuit Court of Appeals.

In an unusually sharp filing, Prelogar told the justices in an emergency application that the district court and the 5th Circuit “have effectively countermanded this Court’s authoritative determination about the status quo that should prevail during appellate proceedings in this case.”

The court “should not tolerate that affront,” she wrote.

“Although there’s no explanation for today’s ruling, it’s hard to see it as anything other than a repudiation of the lower courts for not correctly reading the tea leaves of the court’s August ruling that froze a similar injunction,” said Steve Vladeck, CNN Supreme Court analyst and professor at the University of Texas School of Law. “In that sense, it’s just the latest in an increasing line of rulings by the Supreme Court pushing back against district courts in Texas and the 5th Circuit.”

Prelogar called the lower court ruling “a grave threat to public safety because the lack of background checks makes ghost guns uniquely appealing to felons, minors, and other prohibited persons – and because when ghost guns are inevitably used in crime, they are essentially impossible to trace.”
In 2022, the Bureau of Alcohol, Tobacco, Firearms and Explosives updated its regulations to define the kits as firearms under the law so that the government could more carefully track them.

The rule does not prohibit the sale or possession of any ghost gun kit, nor does it block an individual from purchasing such a kit. Instead, it requires compliance with federal laws that impose conditions on the commercial sale of firearms. Those conditions include requirements that commercial manufacturers and sellers mark products with serial numbers and keep records to allow law enforcement to trace firearms used in crimes.

Reports: Army’s Lake City Ammunition Plant Cancels Commercial Ammunition Contracts

Last year we reported that Susan Rice the Biden administration, as part of its unrelenting war on guns and those who own them, was moving to cut off civilian sales of ammunition produced at the Army’s Lake City ammunition plant in Independence, Missouri. Lake City cranks out as much as 30% of the commercial .223/5.56 ammunition sold in this country.

As the NSSF remarked at the time . . .

This policy to deny the sale of excess ammunition not only would freeze over 30 percent of the 5.56 mm/.223 caliber ammunition used by law-abiding gun owners, it risks the ammunition industry’s ability to surge production capacity for national defense if the costs to maintain the present workforce isn’t recouped through sales to the civilian market.

While we couldn’t get Winchester (who operates the plant under contract with the Army) to comment on the situation, the report was well-sourced by those with direct knowledge of what was happening at the time. We obviously were on to something because the White House went so far as issuing a non-denial denial of the report.

A good measure of how real the threat by the administration was at the time might have been that 50 members of Congress issued a call to the administration to walk back the policy. The BidenBots apparently concluded at the time that the anti-gun juice wasn’t worth the political squeeze and Lake City continued producing for the civilian market.

However, we started hearing from a number of people late this week that Lake City had moved to cancel all of its commercial contracts. We’ve also been told that distributor supplies of .223/5.56 had begun to be drained, as a result of the move by Lake City and in anticipation of higher civilian ammunition demand following last week’s terrorist attacks in Israel. Then Staple Defense published this report.

Lake City typically sells off its excess capacity ammo, over and above the military’s needs,  to keep its operations fully running and employees on the payroll. If, as it appears, these latest reports are accurate, the reason this time may have less due to the administration’s desire to jack up domestic ammo costs (thus sticking it to civilian gun owners) than it is to anticipation by the US military that its needs may be increasing in the very near future.

Given U.S. support for Ukraine, a new war breaking out in Israel, and other potential points of instability, the Lake City move may portend more bad things in the offing. And one of them may be scarcer, more expensive ammo for your AR-15.

Watch this space.

Woman killed in explosion at Hornady plant west of Grand Island

GRAND ISLAND, Neb. (KSNB) – One woman died and two men were injured Friday morning in an explosion at a Hornady Manufacturing plant west of Grand Island.

Hall County Attorney Marty Klein said the explosion happened in a chemical compound building at the Hornady plant at 8350 West Old Potash Highway, a Wood River address. That site is about four miles northwest of Alda on the site of the old Cornhusker Army Ammunition Plant.

Klein did not identify the victims, but did say that one of the men showed symptoms of a concussion and the other showed symptoms related to breathing dust and fumes. Klein said neither of the injuries to the men were considered life-threatening.

Klein said the Hall County Sheriff’s office and the State Fire Marshal were on the scene early Friday afternoon to continue investigating the explosion.

Crews from at least four local fire departments were called to the scene just before 10 a.m. Friday.

Hall County Emergency Manager Jon Rosenlund confirms that Cairo, Wood River, Alda and Grand Island Rural Fire Departments as well as the Hall County Sheriff’s Office were called to the scene. A Grand Island fire department ambulance was also dispatched.

A Local4 reporter on the scene reported that the property had been blocked off

Hornady Manufacturing is a long-time Grand Island business which makes bullets and ammunition.
Local4 contacted Hornady Manufacturing for comment and we are awaiting a response.

Smith & Wesson says goodbye to Massachusetts, hello to Tennessee
Bay State known to have some of the country’s strictest gun laws

Gun manufacturer Smith & Wesson hosted a grand opening of its new Tennessee headquarters Saturday after moving from its longtime home in Massachusetts to a more gun-friendly state.

The company built a new 650,000-square feet headquarters in Maryville, Tennessee, as part of a $125 million relocation plan announced in 2021. Tours were offered at the new facility on Saturday.

The gunmaker had been located in Springfield, Massachusetts, since the mid-19th century, but company officials have said legislative proposals in that state would prohibit them from manufacturing certain weapons. Massachusetts is known to have some of the country’s strictest gun laws.

Smith & Wesson President and CEO Mark Smith spoke at the event Saturday, which drew a large crowd to the new facility, The Daily Times reported.

“From where I stand, the next 170 years of Smith & Wesson are looking pretty good,” Smith said. “It is something special here in Tennessee.”

He cited a welcoming regulatory environment and close collaboration with the Tennessee state government as a crucial piece of the plan to relocate. The company has said the new facility would create hundreds of jobs.

Tennessee has moved to loosen gun restrictions in recent years under Republican leadership. In 2021, the state passed a law to allow most adults 21 and older to carry handguns without a permit that requires first clearing a state-level background check and training.

High gun sales: 50 consecutive months of 1 million purchases

There were more than 1 million gun sales last month, making for the 50th straight month of those kinds of numbers.

The FBI recorded more than 2 million background checks last month. The National Shooting Sports Foundation says the number translates into more than 1.1 million firearms sold.

Some are pointing to concerns about government gun control, but foundation spokesman Mark Oliva points to growing violent crime as encouraging those purchases. Firearm experts say that personal safety concerns are now driving demand, as more women and minorities are purchasing guns for this purpose.

For example, Democratic Rep. Henry Cuellar of Texas was carjacked at gunpoint in Washington, D.C., this week. Cuellar said, “the message is very simple, you gotta support law enforcement.”

Meanwhile, Oliva says the attack is “a reminder why Americans continue to choose to exercise their Second Amendment rights.”

High gun sales tracking crime surge, ‘fearful’ arming for fight.

After 50 straight months of gun sales over 1 million, the driver of the historic trend appears to be shifting from concerns about government gun control to personal safety, according to firearms experts.

The FBI this week said that Americans continued to buy guns in huge numbers. The agency recorded 2,035,410 background checks in September and an industry trade group, the National Shooting Sports Foundation, said that translates into sales of over 1.1 million firearms.

New gun buyers continue to drive sales, and included in that group are women and minorities concerned about safety. They are different from many past buyers who were worried that liberal politicians would ban some gun sales, experts said.

And, they added, with the growth of violent crime and social media’s focus on it, there appears to be no end in sight for high gun purchases as Americans consider fighting back.

Self-protection was highlighted by two experts in two recent crimes. The latest was the armed carjacking last night of a Texas congressman in a heavily trafficked area of Washington, D.C. The other was a Virginia jury’s acquittal of a food delivery worker who shot a social media prankster after feeling threatened.

“The despicable and violent attack on Congressman Henry Cuellar serves as a reminder why Americans continue to choose to exercise their Second Amendment rights. Crime rates are unabated and criminals prey on innocent Americans without consequence,” said Mark Oliva, spokesman for the NSSF.

“Americans are choosing a different path. By the millions for 50 months straight, law-abiding citizens are choosing their right to keep and bear arms, despite the efforts of gun control politicians to enact laws to chill that right and others that issue unconstitutional edicts that deny that right. Lawful firearm possession is truly the determining factor of the American character — that we are a people of self-determination and not left to be victims of those who have no respect for life or law,” he added.

Justin Anderson, the marketing director at Hyatt Guns in Charlotte, North Carolina, said crime is a big driver.

“Higher crime rates traditionally create more demand for firearms,” he said.

“In our space, concealed carry classes are selling out at our range, and we’ve actually added more classes to keep pace with demand. Though crime hasn’t necessarily risen in our area, social media and the 24-hour news cycle is regularly showing criminals emboldened by liberal policing policies committing crimes that affect law-abiding citizens. This creates fear and fearful people are arming themselves in record numbers,” added Anderson, whose store is one of the nation’s largest gun sellers.

But, said Anderson, while carrying a weapon may make Americans feel more secure, that they have to arm up is a sign of a larger societal problem.

“While we appreciate the bump in business, we’re also looking at the degradation in our culture and we’re fearful of where this is going,” Anderson said.

GOV. NOEM INVITES CALIFORNIA GUN MANUFACTURERS TO MOVE TO SD

PIERRE, S.D. – Governor Kristi Noem invited California gun manufacturers and law-abiding gun owners to move to South Dakota to escape California’s gun and ammunition tax , which Governor Gavin Newsom signed as the first such tax in the country.

“Why would anyone want to live in a state where your Second Amendment rights are infringed?” said Governor Noem. “South Dakota has been setting the standard as the most Second-Amendment friendly state in the nation for years. Our firearms industry is thriving. Unlike Governor Newsom, South Dakota respects our God-riven rights. So if you are a California gun manufacturer or law-abiding gun owner, we are ready to help you make the move!”

South Dakota’s firearms industry has a total economic impact of $400 million. The state has the second-highest number of registered weapons per 100,000 residents of any state in the nation – this is over three times the nation average and seven times that of California. South Dakota’s concentration of employment in the firearms industry is also 77% higher than the national average and 177% higher than California’s.

Silencer Central has grown from being a local business with a small office space in Sioux Falls to having a national footprint. The gun shop now employs 165 team members and sold more than 100,000 silencers in 42 states last year. They opened their new 47,500-square-foot corporate office in Sioux Falls last June and have grown their staff from 17 to 175, including 120 onsite in Sioux Falls.

Cole-TAC relocated from New Hampshire to the Black Hills, bringing with it 40 jobs. Cole-TAC manufactures tactical accessories, include suppressor covers, ammo storage, hunting gear, and a variety or shooting accessories.

The first bill that Governor Noem ever signed into law guarantees Constitutional Carry for all law-abiding South Dakotans. South Dakota was also the first state to not charge a fee for a concealed carry permit, and it is one of the strongest states for “Stand Your Ground” laws.

State and local governments in South Dakota cannot use an emergency declaration as an excuse to infringe on Second Amendment rights. And, in April, Governor Noem signed an Executive Order blocking state agencies from contracting with large banks that engage in discrimination against firearm-related industries.

The Governor’s Office of Economic Development is equipped to help those interested in moving to South Dakota. You can find more information through Governor Noem’s “Freedom Works Here” website.

SAN ANTONIO – A federal judge declined to dismiss a Second Amendment suit filed by a gun store owner who challenges the ATF’s recent guidance on how to implement the Gun Control Act of 1968. The man has standing to sue, alleging that the guidance could hold him liable for non-willful actions such as “inadvertent paperwork errors” and result in the revocation of his license.

2023-22-9--04-38-07-second amendment

O’Keefe’s new organization seems to be doing just fine.

Project Veritas Is Dead. Cause Of Death? Pushing Out James O’Keefe.

Project Veritas Suspends All Operations Amid Devastating Layoffs and Fundraising Struggles.

Project Veritas, the conservative organization founded by James O’Keefe, suspended all operations on Wednesday after another round of layoffs, Mediaite has learned.

According to a letter titled “Reduction in Force” that was sent to Project Veritas staffers by HR director Jennifer Kiyak on Wednesday, the organization is putting all operations on pause amidst severe financial woes.

“In the interest of preserving the possible future existence of Project Veritas we need to put operations on pause and, as communicated since the Spring, another Reduction in Force (“RIF”) is necessary,” Kiyak wrote.

Six staffers were laid off from the embattled organization this week, sources said, including all remaining journalists and one development associate. One former Project Veritas staffer said just 11 people remain on the non-profit’s payroll, including CEO Hannah Giles.

Kiyak wrote in the letter that the group cannot “carry the present staff count any longer” and reminded those being laid off of their nondisclosure agreements.

O’Keefe, a right-wing activist who gained fame and notoriety for his sting operations against liberal groups, launched Project Veritas in 2010. He left the organization earlier this year amid allegations of improper spending of funds on personal luxuries. He was replaced by Giles as CEO, who has overseen the rapid decline of the once well-funded group that has in recent months struggled with layoffs, the resignations of board members, and fundraising struggles.

Earlier this month, Mediaite reported on an internal meeting during which Giles said the organization was “bankrupt.”

One of the journalists let go in the bloodletting on Wednesday is Bobby Harr, a former lead investigative reporter with Project Veritas. Harr told Mediaite he was “confused” when he was officially laid off on a phone call with Giles and Kiyak Wednesday afternoon – because he had already been let go from the organization last month.

“I was confused by this as my job was actually cut during the first round of layoffs while I was on medical leave,” he said. “I was locked out of my work phone and laptop as of that day and my paychecks stopped.”

Christian Hartsock, the former chief investigative journalist at Project Veritas who was laid off in August, said he was shocked to learn the organization was still running.

“I have no idea what ‘operations’ there are to suspend,” Hartsock told Mediaite.

Giles, he said, “canned the entire production staff of a production company, and the entire journalist leadership staff of a journalism company over a month ago. So what exact ‘operations’ has she been continuing with remaining donor money — given for the sole purpose of journalism production — for the past month?”

Harr said the collapse of Project Veritas has not come as a surprise given the events of recent weeks.

“Suspending operations is one of those things that we all knew was coming after the mass layoffs occurred, but still cut like a knife when it officially happened,” Harr said. “Lack of funding and poor management amplified the damage that James O’Keefe already did to the organization prior to the days of Hannah Giles, who then delivered the final blow.”

O’Keefe’s attorney Jeffrey Lichtman told Mediaite in a statement: “It appears that in the few months since Project Veritas ousted James, it continued to spend money at the same rate, blowing through the many millions of dollars James had previously raised for it — despite PV having no new sources of fundraising. This is highly suspect and we would welcome a full audit of PV’s finances to learn where that money was actually spent.”

Harr expressed disappointment with the mismanagement of the organization he spent more than three years working for.

“I was provided no severance pay,” he said. “The organization used to thrive and prosper. It’s truly sad to see what can happen to great opportunities with a surplus of resources when the wrong people are in power.”

New Injunctions Issued Against ATF’s Frames and Receivers Rule

On Friday [14th], Federal District Court Judge Reed O’Connor reissued preliminary injunctions against the Bureau of Alcohol, Tobacco, Firearms and Explosive (ATF) from enforcing the Final Rule (FINAL RULE 2021R-05F) on frames and receivers against two companies.

The two companies protected against the ATF’s rule are Defense Distributed, makers of the Ghost Gunner, and Blackhawk Manufacturing Group, Inc., d/b/a 80 Percent Arms. The Texas-based case is Vanderstok v. Garland and has been at the center of the fight over incomplete frames and receivers for a little over a year.

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The Biden Admin Just Declared ‘War on Consumers’

In the Biden administration’s whole-of-government attempt to force a transition to supposedly “green” and ethical energy that’s anything but — just ask the whales off the coast of New England or forced/child laborers in EV battery supply chains in Africa — another department is jumping into the crusade.

On Tuesday morning, the U.S. Department of the Treasury released its “Principles for Net-Zero Financing & Investment” to press ahead with “best practices for private sector financial institutions that have made net-zero commitments and promote consistency and credibility in approaches to implementing them.”

These principles, the Treasury Department and Secretary Janet Yellen say, are key to “supporting the mobilization of more private sector capital to address the physical and economic impacts of climate change and to seize on the historic economic opportunity presented by the green transition.”

To that end, Yellen and her department heralded “a number of announcements from civil society including a $340 million commitment” from the likes of the Bezos Earth Fund, Bloomberg Philanthropies, Climate Arc, ClimateWorks, Hewlett Foundation, and Sequoia Climate Foundation over the next three years “to support the continued development of research, data availability, and technical resources intended to help financial institutions develop and execute robust, voluntary net-zero commitments” and “facilitate the transition planning efforts of non-financial sectors of the economy.”

According to the Treasury Department, the “climate crisis is propelling a massive economic shift and is hitting the most vulnerable countries and communities first and hardest” and there’s an “increasing demand for technologies, products, and services that will reduce greenhouse gas emissions, support a clean energy future, and help adapt to a changing climate across all sectors.” Notably, however, that demand is not high enough to see the market move truly voluntarily to meet it. As such, “[i]n the United States, government support is playing a role in accelerating this transition,” the Treasury Department admitted as it pushes for more net-zero agreements and investment, as seen in the principles released on Tuesday.

“This announcement from the Department of the Treasury forcing financial institutions to adopt net-zero principles should come as no surprise to American consumers as the Biden Administration openly declares war on consumers,” reacted Will Hild, the executive director of Consumers’ Research.

“Treasury Secretary Yellen, with her announcement of these new net-zero principals at the Bloom Transition Finance Action Forum, has made it abundantly clear that the Treasury Department is working with and for ESG activists like Michael Bloomberg to make the Glasgow Financial Alliance for Net Zero (GFANZ) goals for financial institutions into U.S. government policy, leaving consumers with nothing,” Hild added. “The Biden Administration is littered with former BlackRock employees such as Brian Deese and Eric Van Nostrand who are pushing these liberal, progressive, net-zero, and ESG policies on Americans, rather than focusing on reducing costs at the grocery store and gas pump and tamping down inflation.”

“Make no mistake, the Biden administration is running cover for the financial industry’s net zero cartel, protecting megalomaniac CEOs like Larry Fink and leaving consumers with nothing,” said Hild.

As summarized by the Treasury Department, the principles established to reinforce the woke, economically damaging priorities of the left are:

PRINCIPLE 1: A financial institution’s net-zero commitment (commitment) is a declaration of intent to work toward the reduction of greenhouse gas emissions. Treasury recommends that commitments be in line with limiting the increase in the global average temperature to 1.5°C. To be credible, this declaration should be accompanied or followed by the development and execution of a net-zero transition plan.

PRINCIPLE 2: Financial institutions should consider transition finance, managed phaseout, and climate solutions practices when deciding how to realize their commitments.

PRINCIPLE 3: Financial institutions should establish credible metrics and targets and endeavor, over time, for all relevant financing, investment, and advisory services to have associated metrics and targets.

PRINCIPLE 4: Financial institutions should assess client and portfolio company alignment to their (i.e., financial institutions’) targets and to limiting the increase in the global average temperature to 1.5°C.

PRINCIPLE 5: Financial institutions should align engagement practices — with clients, portfolio companies, and other stakeholders — to their commitments.

PRINCIPLE 6: Financial institutions should develop and execute an implementation strategy that integrates the goals of their commitments into relevant aspects of their businesses and operating procedures.

PRINCIPLE 7: Financial institutions should establish robust governance processes to provide oversight of the implementation of their commitments.

PRINCIPLE 8: Financial institutions should, in the context of activities associated with their net-zero transition plans, account for environmental justice and environmental impacts, where applicable.

PRINCIPLE 9: Financial institutions should be transparent about their commitments and progress towards them.

The voluntary net-zero commitments the Biden administration is seeking to foist on the private sector, however, may put companies which join them in legal jeopardy.

As Townhall has reported previously, state attorneys general from across the U.S. have put insurance and financial service companies on notice that their net-zero commitments may constitute a violation of antitrust and consumer protection laws.

One recent letter to signatories of a net-zero commitment led by Tennessee Attorney General Jonathan Skrmetti noted how such net-zero alliances see companies “colluding to limit consumer choices and manipulate market outcomes in support of international climate activists,” moves that “could violate [his state’s] antitrust and consumer protection laws.” As AG Skrmetti rightfully noted, “[d]ecisions about energy policy should be made by our elected representatives, not by transnational corporate alliances.”

Already, an earlier warning to insurance signatories to a net-zero pact saw several companies back out of the agreement rather than face additional scrutiny from state attorneys general for their activities that may have constituted antitrust violations.

Despite such warnings about net-zero priorities being potentially in violation of state law, the Biden administration and its climate alarmist allies in the private and nonprofit sector are plunging ahead with more agreements — an unsurprising development from the administration that has not allowed federal law or the U.S. Constitution curb its ambitions, leading to a series of high-profile losses before the Supreme Court for its attempts to force an energy transition.

⇑When Russian commies realized socialism was bankrupt ⇑

⇓When American commies are too stupid to know socialism is bankrupt⇓

Just What Chicago Needs, Government-Owned Grocery Stores.

Luther, fear not, the era of government-run grocery stores may not be as dead and buried as it seems. The city of Chicago — already doing such a terrific job on handling crime, poverty, homelessness, and unemployment — is exploring the possibility of establishing municipally owned grocery stores.

City officials contend that a city-run grocery store would be better because they wouldn’t have to worry about making money. And Mayor Brandon Johnson is enthusiastically embracing the idea:

The City of Chicago is in the early stages of planning a city-owned grocery store in a neighborhood with limited access to fresh food, Mayor Brandon Johnson announced Wednesday.

The city is working with Economic Security Project, a national non-profit organization, on a feasibility study to create a roadmap toward opening the store. At least six grocery stores, including four Walmart locations,  have closed on Chicago’s South and West sides over the past two years, the city said.

“All Chicagoans deserve to live near convenient, accordable, healthy grocery options,” Johnson said in a statement. “We know access to grocery stores is already a challenge for many residents, especially on the South and West sides . . . I am proud to work alongside partners to take this step in envisioning what a municipally owned grocery store in Chicago could look like.”

Now, no doubt Chicago’s city-run grocery stores would have the same service, efficiency, and quality that Chicago residents have come to expect from the local government of a city ranked 149th in its financial stability, 67th in its education system, 71st in its health-care system, 80th in its public safety, 129th in the quality of its economy, or, credit where it’s due, 37th in its infrastructure and pollution. (That’s out of 149 U.S. cities.)

Call me crazy, but I think if you had safe streets and no shoplifting and petty theft, grocery stores could thrive in any neighborhood, because people have to eat. The good news is that so far this year, murder is down in Chicago, with “only”435 people killed from the beginning of the year to September 10, compared to 485 people in the same time period last year. The bad news is that overall, major crimes are up 30 percent from the same period last year. Motor-vehicle theft has nearly doubled from last year.

Who knows, maybe in a few years, we’ll see some Chicagoans marveling at the variety of products available in grocery stories the way Boris Yeltsin did.

ATF FORM 4473 UPDATE – AUGUST 2023 VERSION

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) has issued the following notice regarding recent changes to the ATF Form 4473. All federal firearms licensees (FFLs) are encouraged to begin using the Revised Form immediately.

 

ATF Notice Regarding Recent Changes to the ATF Form 4473:

Industry Representatives,

As you well know, due to statutory requirements set forth in both the NICS Denial Notification Act and the Bipartisan Safer Community Act (BSCA), the ATF Form 4473 was revised in December of 2022. Incorporating industry member suggestions made during the recent 60 and 30-day Notice and Comment periods, ATF has further revised the form and now that newest version (August 2023) has been approved by the Office of Management and Budget for implementation.

ATF encourages all federal firearms licensees (FFLs) to begin using the Revised Form immediately. The Revised Form is available on ATF’s website, and can be downloaded and printed for immediate use. Please note that the entire Form, including instructions, must be printed, and stored together. Hard copies of the Revised Form will be available through the ATF Distribution Center beginning November 1, 2023. The ATF eForm 4473 application is also being revised and notification will be sent when it is ready for use.

A detailed breakdown of all form changes is provided on ATF’s website: ATF Form 4473 – Firearms Transaction Record Revisions. The Revised Form will become mandatory for use on February 1, 2024. Please contact your local ATF Industry Operations office should you have any questions regarding the changes to the form.

I hate modern appliances. They’re built like it’s planned for them to last about 5 years then break to the point it’s not really cost effective to repair them when the electronics start doing strange things and major parts break.

However I like the way modern business apples itself. Washing Machine ignominiously finally decides to strip out the motor’s main gears on a Saturday afternoon? No problem. Local hardware, tool, appliance emporium delivers on weekends and a new, and slightly less electronically complex  version is being delivered this afternoon.

The dryer, bought at the same time, still works just fine. Of course, now I expect it to also die, in mutual support of it’s previous co-worker

‘Busiest day I’ve had in months’: Guns flying off shelves in Albuquerque after gov’s anti-2A move

It would appear that New Mexico Governor Michelle Lujan Grisham’s emergency order banning the carrying of firearms in Alburquerque has had an unintended consequence: Sales in the city’s gun stores are booming.

ABQ Guns owner Arnie Gallegos told The Epoch Times, “Today was the busiest day I’ve had in months.”

“I’ve been getting a lot of people who have never come into a gun shop before who are rightfully concerned about their freedoms,” Gallegos added. “A lot of people are saying, ‘I can’t rely on the police anymore, and I need to be able to protect myself.’”

As BizPac Review reported, last week, Lujan Grisham declared that firearms could not be carried in Albuquerque and the surrounding Bernalillo County for a minimum of at least 30 days in response to several recent shootings that left children as young as five and eleven dead.

“The recent shooting deaths of a thirteen-year-old girl on July 28, a five-year-old girl on August 14, and an eleven-year-old boy on September 6, as well as two mass shootings this year spurred the governor to declare gun violence a public health emergency on Thursday,” her office said in a press release.

According to the order, “no person, other than a law enforcement officer or licensed security officer, shall possess a firearm … either openly or concealed, within cities or counties averaging 1,000 or more violent crimes per 100,000 residents per year since 2021.”

The move sparked immediate backlash, even from those within her own party.

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ATF Backs Down on Retaliatory License Revocation of North Dakota Gun Store

Washington, D.C. — Gun Owners of America (GOA) and the Gun Owners Foundation (GOF) are excited to announce that the ATF has backed down from attempting to revoke the FFL license of Morehouse Enterprises in Valley City, North Dakota.

Previously, GOA and GOF had filed a lawsuit in defense of the gun retailer, which does business as Bridge City Ordnance. The company was facing the loss of its license due to minor paperwork errors, which, under the new Biden “Zero Tolerance” policy, was grounds for revocation.

Previous ATF policy dictated that warnings and required corrective action were appropriate measures for first-time errors, and only after that could license revocation proceedings be initiated if improvement was not demonstrated.

It has become quite obvious to the average individual that the ATF conducted the “random” inspection of Bridge City Ordnance right after the company joined GOA and GOF in a separate lawsuit challenging the ATF’s Ghost Gun Frame and Receiver Rule last summer.

Litigation is ongoing in both cases.

“The ATF kicked a hornet’s nest when they thought they could send a message to gun dealers who dared to challenge their illegal actions in court. In response, GOA and GOF stepped in, and we made clear they were about to engage in a losing battle. We are thrilled for Bridge City Ordnance and hope this encourages ATF to revisit their ‘zero tolerance’ policy.”

Read Related: Retaliation: ATF Shuts Down FFL After Gun Store Sues the Same ATF