Gun background checks dive by 10.5%
Demand for weapons waned in January after the Newtown shootings, but it's still higher than in much of 2012.
After background checks for gun purchases peaked at a record 2.78 million in December, the Associated Press found Tuesday that demand across the National Instant Criminal Background Check system decreased 10.5% to 2.48 million in January. That's still the second-highest number of requests ever and higher than the totals in all but one month in 2012.
That said, Americans are still buying up a whole lot of guns in the wake of the Newtown, Conn., elementary school killings and the national gun control debate they prompted. Wal-Mart (WMT) and Bass Pro Shops have limited sales of ammunition at their stores amid increased demand, leaving local law enforcement divisions low on rounds as a result.
Meanwhile, lawmakers have issued proposals to make gun trafficking a federal crime, restrict high-capacity magazines and require background checks for gun shows and private transactions. While Slate has attacked the National Rife Association's opposition to the latter measure, the Daily News reports that universal background checks have overwhelming public support.
Even Republican Rep. Eric Cantor, the House Majority leader, told CNN on Tuesday that he firmly supports extensive background checks similar to those implemented in his home state of Virginia following the 2007 massacre at Virginia Tech that killed 32 people and wounded 17 others. That model linked mental health information to gun databases, which addresses concerns about mental health voiced by gun-rights advocates throughout the recent debate.
Still, Associated Press numbers indicate that gun panic is dissipating a lot more quickly in some states than in others. In Iowa, background checks actually rose 24% in January. Other upticks were reported in Hawaii (12.2%), Massachusetts (10%), Michigan (2.4%), Minnesota (14.9%), New Hampshire (4.4%), New Jersey (10.6%), Pennsylvania (1.8%) and Wisconsin (2.6%). Louisiana, Alabama and Mississippi, meanwhile, all stocked up enough to reduce background checks by roughly a third in each state.
With President Barack Obama pushing for a ban on semi-automatic rifles modeled after military weapons and an updated version of the assault weapons ban that expired in 2004, demand for guns and ammo may remain high for much of 2013. If January is any indication, however, even the most concerned gun owners tend to buy on a budget.
More on moneyNOW
I hope Slate is in favor of having the SAME rules for exercising ones right to Vote, to an Abortion, or Free Speech...
And maybe we would not be experiencing an ammo shortage if the government stops buying millions of rounds a month. They must think things are going to get awfully bad here to need that much ammo.... and 7,000 real assault rifles (full auto) for government officials...
NRA opposes the background checks because only law abiding citizens undergo them making them ineffective for crime control. Criminals have other sources. Checks have dropped off because dealers are out of guns and/or most people who want to purchase have already done so. I'll be glad when the supply catches up so I can buy another AR and plenty of ammo for when Obama finally gets his ways.
Just what we need the government telling us who is sane and who is not.
Look at Congress first.
The only reason background checks were reduced in January is the gun merchants ran out of guns.
They (background checks) should pickup after the gun merchants restock.
2-1/2 Million checks in Jan. that's a Dive? More Liberal Crappola from the Left Wing Media !
How about the Fearless leader asking Congress to Prosecute the 1.2 Milloin People who failed their BGC which is punishable by going to Prison. Ooops, does that mean Eric the Bungler Holder would go to Prison for Fast and Furious? He failed to register any of those weapons( 2,000 ) and never did a background check on the Mexicans ( Illegals) that he Sold the "ASSault Weapons to !!! By the way does Mr. Holder have a FFL to legaly sell those Firearms? I don't think so. Any one ever hear of "HIGH CRIMES AND MISDEMANORS" as the avenue of IMPEACHMENT ! The Idiots in Congress playing their usual Political Games looking to get fat and re elected ! They all deserve a Special Place in Hell !
If Obama,"Feinsteen" and "Cumo" [as Jesse Jackson calls him] will make ALL of the CRYPS & BLOODS get a background check, then I will get one. Otherwise, shut the hell up about it!
Also, talking about banning so-called "assault weapons" is a load of crap! Nobody [the nuts] uses these fancy hunting rifles, to do mass-murders. You can use a broomstick as an "assault weapon" or a rock, or a hammer, or an axe, etc.,etc.
I hope you anti-gun citizens have your pepper spray ready!
Of course they deleted my link to the article about the government white papers attempting to validate the governments ability to have vague boundaries for targeted killing by drone of US citizens here at home.
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
A 20-year-old loophole allows the fashionably thin into the country under the same H-1B visas that cover technology workers.
- Some of France's richest taxed more than 100%
- Bernie Madoff earns sweatshop wages in prison
- Motor home sales rise in hopeful economic sign
- Mike Bloomberg: Skip college, become a plumber
- Will Yahoo ruin Tumblr?
- Some customers ashamed of their McDonald's bags
- Obamacare could bring more Band-Aid coverage
- Taxpayers won't win on General Motors shares
- Are hipsters hiking Pabst Blue Ribbon prices?
[BRIEFING.COM] S&P futures vs fair value: +0.30. Nasdaq futures vs fair value: +2.50. The S&P 500 futures hover near their unchanged line after climbing off pre-market lows. Equity futures have spent the overnight session in a four point range amid quiet overseas trade.
With no market-moving economic data at home or abroad, the pre-market sentiment has been shaped by quarterly earnings. Notably, Home Depot (HD 79.46, +2.70) is higher by 3.5% after beating on ... More
More Market News
When it comes to efficiency gains, a watt saved is a watt earned.