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Gunmaker Savage Arms to be sold-off after betting on AR-style tactical weapons

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Legendary gunmaker Savage Arms is being sold off by its parent-company after making a shift to AR-style rifles just prior to the Parkland school shooting massacre and ensuing backlash against the National Rifle Association, The New York Times reported Tuesday.

Savage, which was founded in 1894, was until recently best-known for selling bolt action and lever (cowboy) action rifles. In recent years, Savage bet big on the AR-15 market of so-called “modern sporting rifles.”

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Vista Outdoor, the gunmaker’s parent company, will now be selling off Savage and Stevens Arms, a sister company. This announcement in an earnings call comes shortly after the March bankruptcy filing by Remington.

“The bottom line is this: The company grew too fast and beyond its core, the portfolio became too diverse, and the pressures mounted,” said Chris Metz, Vista’s chief executive. “We were too slow to make adjustments, and the ones we did make didn’t have enough of an impact to right the ship.”

Following the Florida massacre, REI suspended orders of Vista Outdoor’s bike helmets and water bottles over the company’s production of AR-style rifles.


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Supreme Court stuns experts with 7-2 ruling in Trump tax case

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In a decision that surprised many court observers, the Supreme Court on Thursday ruled that President Donald Trump cannot block a subpoena from the Manhattan district attorney seeking his tax returns.

Unlike all of his predecessors since Richard Nixon in the 1970s, New York real estate mogul Trump refused to release his tax returns, despite promising to do so during his 2016 White House campaign.

Trump made his fortune a key component of that campaign, and his lack of transparency raises questions about his true worth and possible conflicts of interest.

Congressional investigations have raised questions about whether Trump has sensitive financial exposure to Russia, and also whether he has used questionable accounting loopholes to avoid paying taxes in the 1990s and 2000s.

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GOP has all but given up on containment — instead they’re feeding Americans to the ‘coronavirus meatgrinder’: op-ed

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Writing in The Week this Thursday, Ryan Cooper says that as the coronavirus continues to spike across the country, Republicans have essentially abandoned efforts to stem the spread. "Instead they are feeding the American people into the coronavirus meatgrinder," he writes.

GOP Senate Majority Leader Mitch McConnell is focused on protecting companies from liability if they infect their employees or customers, while President Trump threatens to cut off funding from schools that don't open in the fall.

"For months now Republicans have been positing a tradeoff between pandemic containment and the economy, as if we just cancel the lockdowns then everything can go back to normal," Cooper writes. "What they stubbornly refuse to understand is that the virus is the problem. As we are seeing, even in this benighted country a critical mass of people will not go about their normal activities if they are afraid of catching a dangerous disease. Similarly, Sweden did not officially lock down, and as a result it has suffered six-12 times as many deaths as its Scandinavian neighbors — yet its economy took just as bad a hit as theirs. Now that Norway, Denmark, and Finland have contained the virus and are reopening safely but many Swedes are still staying home, the economic damage will be even worse in relative terms."

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Mask-free UFC fighter punches and hurls racial slurs at older man for ‘touching’ him at restaurant

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UFC fighter Mike Perry was seen on video punching an older man for allegedly touching him. Perry, who is white, can also be heard using the N-word multiple times.

According to ESPN, the incident occurred at Table 82 in Lubbock, Texas on Wednesday.

In a video shared on social media, Perry appears irate as he is ushered out of the restaurant.

Austin police officers who arrived on the scene declined to arrest Perry but said that an investigation into the incident is ongoing.

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