Supreme Court avoids the gun debate -- for now
It won't review a New York pistol-permit law, dealing a blow to gun-rights advocates. The issue won't be going away, though.
The U.S. Supreme Court won't hear a challenge to a New York gun-permitting law, providing a blow to gun-rights advocates and driving down shares of some gun makers.
The high court declined to take up a review of New York's handgun law, which requires permit applicants to demonstrate special need for self-protection to receive approval for carrying a concealed handgun in public, according to Bloomberg. The century-old law had been upheld by an earlier federal court decision, which found it didn't infringe on the Second Amendment.
But that doesn't mean the Supreme Court won't consider gun-rights issues at some point.
"It is only a matter of time before the justices hear a case about public possession of guns," Adam Winkler, a professor at the University of California's Los Angeles School of Law, told the publication.
A review of the New York law could have had an impact on public-possession restrictions in as many as 10 states, the piece adds.
The high court's rebuff comes as the U.S. Senate is debating gun-control legislation that would expand background checks to gun shows and online sales. Right now, only sales from licensed gun dealers require background checks.
The chances of the legislation succeeding are threatened by divisions within both the Democratic and Republican parties, reports The New York Times.
In the meantime, background checks have fallen off since December, when 2.78 million were initiated, according to the FBI. In March, that had declined to 2.2 million.
But given that some Americans fear the government will hamper their ability to buy firearms, perhaps it's not all that surprising that those numbers still represented a boost from early 2012, before the Newtown, Conn., massacre prompted new calls for gun-control measures.
Copyright © 2014 Microsoft. All rights reserved.
[BRIEFING.COM] S&P futures vs fair value: -1.30. Nasdaq futures vs fair value: -2.50. U.S. equity futures hover near their pre-market lows amid cautious action overseas. The S&P 500 futures trade one point below fair value.
Reviewing overnight developments:
- Asian markets ended on a mixed note. Japan's Nikkei +1.1%, China's Shanghai Composite -0.3%, and Hong Kong's Hang Seng -1.0%.
- In economic data:
- China's HSBC Manufacturing PMI ticked up ... More
- In economic data:
More Market News
As the market wades through what many people hope is a sixth bull year, some have grown nervous about how long the run can go.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'