Tag Archive: Business


Beretta USA Announces Decision To Move Its Entire Maryland Manufacturing Capabilities To Tennessee

 

 

 

 

 

 

 

From the Beretta USA press release:

 

 

” Beretta U.S.A. Corp., located in Accokeek, Maryland, announced today that it has decided to move its manufacturing capabilities from its existing location to a new production facility that it is building in Gallatin, Tennessee.  The Gallatin facility is scheduled to be opened in mid-2015.  Beretta U.S.A. had previously planned to use the new Gallatin, Tennessee facility for new machinery and production of new products only.

“ During the legislative session in Maryland that resulted in passage of the Firearm Safety Act of 2013, the version of the statute that passed the Maryland Senate would have prohibited Beretta U.S.A. from being able to manufacture, store or even import into the State products that we sell to customers throughout the United States and around the world.  While we were able in the Maryland House of Delegates to reverse some of those obstructive provisions, the possibility that such restrictions might be reinstated in the future leaves us very worried about the wisdom of maintaining a firearm manufacturing factory in the State,” stated Jeff Cooper, General Manager for Beretta U.S.A. Corp.

“ While we had originally planned to use the Tennessee facility for new equipment and for production of new product lines only, we have decided that it is more prudent from the point of view of our future welfare to move the Maryland production lines in their entirety to the new Tennessee facility,” Cooper added. “

 

 

While the Washington Post had this to say …

 

 

” The Italian company had disclosed a $45 million plan this year to expand operations to a new factory near Nashville. But Beretta has decided to go beyond that plan because, a senior executive said, the company is “very worried about the wisdom of maintaining a firearm manufacturing factory” in Maryland.

  Maryland’s new gun restrictions, pushed by Gov. Martin O’Malley (D) after the Sandy Hook Elementary School shooting in Newtown, Conn., bans 45 types of assault rifles and put in place tough fingerprint, photo identification and training requirements. Magazines are limited to 10 rounds.

  A version of the legislation that passed the state Senate “would have prohibited Beretta ­USA from being able to manufacture, store or even import into the State products that we sell to customers throughout the United States and around the world,” the company said.

  Jeff Reh, a spokesman for Beretta USA, said in an interview that executives had become increasingly worried that future legislative sessions could end more “disastrously” for the company. “We wanted to control our own destiny,” he said. “

 

 

     It never ceases to amaze us that the politicians always seem to believe that they operate in a vacuum , that there is no alternative save to do as they command , even while the market continues to demonstrate endlessly that foolish , naive , “feel good” legislation comes with a price tag … that of lost jobs , lost revenue and lost taxes . Good for Tennessee , good for Beretta …

 

 

 

 

 

 

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China’s Li Keqiang Warns Investors To Prepare For Wave Of Bankruptcies

 

 

 

 

” China is braced for a wave of industrial bankruptcies as its slowing economy forces companies with sky-high debts to the wall, the country’s premier has said.

  Premier Li Keqiang told lenders to China’s private sector factories they should expect debt defaults as the world’s second largest economy encounters “serious challenges” in the year ahead.

  Speaking after the annual session of the national people’s congress, Li Keqiang said: “We are going to confront serious challenges this year and some challenges may be even more complex.” He told lenders to China’s private sector factories they should expect debt defaults.

  Li said China must “ensure steady growth, ensure employment, avert inflation and defuse risks” while also fighting pollution, among other tasks.

” So we need to strike a proper balance amidst all these goals and objectives,” he added. “This is not going to be easy,” he said.

  Li’s warning followed the failure of Shanghai Chaori Solar Energy to make a payment on a 1bn yuan (£118m) bond last week. The default was the first of its kind for China and widely seen as pointing to the end of 11th-hour government bailouts for troubled enterprises.” “

 

The Guardian has the details

 

 

 

 

 

 

 

America’s Dwindling Economic Freedom

 

 

” World economic freedom has reached record levels, according to the 2014 Index of Economic Freedom, released Tuesday by the Heritage Foundation and The Wall Street Journal. But after seven straight years of decline, the U.S. has dropped out of the top 10 most economically free countries.

  For 20 years, the index has measured a nation’s commitment to free enterprise on a scale of 0 to 100 by evaluating 10 categories, including fiscal soundness, government size and property rights. These commitments have powerful effects: Countries achieving higher levels of economic freedom consistently and measurably outperform others in economic growth, long-term prosperity and social progress. Botswana, for example, has made gains through low tax rates and political stability.”

 

   Heck of a job Barack . Now the “Land Of Liberty” needs to take lessons in freedom from Mauritius ? More on this story at the WSJ  and you can view the rankings with methodology and percentages of change year over year at Heritage.org

 

 

Economic Freedom Index 2014

 

 

The “One” promised change and that’s what we’ve got . No one ever said the change would be good .

 

 

 

 

 

 

 

 

Libertarian Businessman Says Goodbye To California With The New Year

 

 

 

” Libertarian businessman and park privatization advocate Warren Meyer is celebrating the new year by getting the heck out of California, like so many other businesses. He posted the many reasons why it’s so hard to do business in the Golden State, particularly in Ventura County, on his blog. Here’s a sampling of some of the reasons:

  • It took years in Ventura County to make even the simplest modifications to the campground we ran.  For example, it took 7 separate permits from the County (each requiring a substantial payment) just to remove a wooden deck that the County inspector had condemned.  In order to allow us to temporarily park a small concession trailer in the parking lot, we had to (among other steps) take a soil sample of the dirt under the asphalt of the parking lot.   It took 3 years to permit a simple 500 gallon fuel tank with CARB and the County equivalent.   The entire campground desperately needed a major renovation but the smallest change would have triggered millions of dollars of new facility requirements from the County that we simply could not afford.”

 

Reason has more

 

Illustration by A F Branco

 

 

 

 

 

 

New Restaurant Registry Identifies Gun-Friendly Eateries

 

 

 

” In what could be described as a Michelin Restaurant Guide for concealed carry weapon owners, a new pro-gun group is setting up a registry of restaurants where firearms are welcome.

  2Amendment.org, going by the name 2AO, was created by restauranteur Bryan Crosswhite, according to The Washington Times.

“ We want to make it something for business owners who are pro-Second Amendment,” Crosswhite told The Times. “A sticker on the door, just like Zagat [Survey], and that way people who want to do business with pro-Second Amendment companies will automatically connect with those Second Amendment companies.”

  In addition to a notice on the door, patrons will be able to find gun-friendly restaurants on the website’s registry, by entering their location on a computer or smart phone. The registry is expected to be up and running sometime this month.”

 

 

 

 

 

 

 

 

 

 

 

 

Published on Jul 16, 2013

” If founder Elon Musk is right, Tesla Motors just might reinvent the American auto industry—with specialized robots building slick electric cars in a factory straight from the future. That’s where the battery-powered Model S is born.

Subscribe to the all new Wired channel here: 
http://www.youtube.com/channel/UCftwR…
Visit the Wired channel for more video:http://www.youtube.com/wired ” 

 

 

 

 

 

 

 

 

 

Published on Sep 4, 2013

” Fracking has been a standard practice in natural gas mining for a long time, but documentary films have caused some laypeople to question its safety. How justified are these fears?http://infactvideo.com “

 

 

 

 

 

 

 

 

 Time To End The Corporate Welfare

 

 

” The terrorist attacks of September 11, 2001, inflicted enormous losses on the insurance industry and businesses. In the wake of the disruptions occurring in the insurance market at the time, the government enacted the Terrorism Risk Insurance Act of 2002 to create a “temporary” federal backstop against catastrophic losses. This program subsidized private risk with public funds through a cost-sharing program for which the government does not receive any compensation.

The compelling need for the program was unclear even in the smoldering aftermath of 9/11. Yet in response to effective lobbying by the insurance industry and business interests, Congress has twice extended the program. The program is now scheduled to sunset at the end of 2014, 12 years after this supposedly temporary program was instituted.

If there was some ambiguity about the program’s need before, there is none now. Terrorism risk is not more severe than other insurable risks such as natural catastrophes, and a federal backstop stakes public money to protect the insurance industry, and subsidize the terrorism risk insurance premiums for commercial policyholders. The private market is capable of underwriting this risk. This policy analysis suggests that the program should sunset as scheduled in 2014, thus ending this form of corporate welfare.”

 

 

 

 

 

 

 

MONEY NEWS

 

” Most people know Sean Hyman from his regular appearances on Fox Business, CNBC, and Bloomberg Television, but what they don’t know is that Sean is a former pastor, and that his secret to investing is woven within the Bible.

Perhaps that can explain why, despite his uncanny ability to predict precise moves in the stock market, Sean is often laughed at for his unique stance on investing.

For example . . . a few months ago Sean appeared on Bloomberg Television. At that time, Best Buy (BBY) was dropping to all-time lows of $16 a share. Sean predicted the stock could go down to $11 a share, and would then quickly rebound to $25 per share, and after that would rally to $40 per share over the next year.”

 

 

 

 

 

 

Have You Ever Wondered Whether The Money You Spend Ends Up Funding Causes You Oppose?

 

BUYCOTT

 

 

” A buycott is the opposite of a boycott. Buycott helps you to organize your everyday consumer spending so that it reflects your principles.

Example: During the SOPA/PIPA debate in 2012, a number of companies pushed to pass legislation that reduced online freedom of expression, while other companies fought hard to oppose the legislation. With Buycott, a campaign can be quickly created around a cause, with the goal of targeting companies with a boycott unless they change their position, or buycotting a company to show your support.

When you use Buycott to scan a product, it will look up the product, determine what brand it belongs to, and figure out what company owns that brand (and who owns that company, ad infinitum). It will then cross-check the product owners against the companies and brands included in the campaigns you’ve joined, in order to tell you if the scanned product conflicts with one of your campaign commitments.

 

 

 

 

 

 

 

 

 

 

 

What The Bond Market Sell-Off Looks Like On A 222-Year Chart

 

global financial data bond yields versus stocks

” The big story in markets over the past few weeks has been the sell-off in the Treasury bond market and the accompanying rise in bond yields to their highest levels in over a year.

Goldman strategists are out with a call declaring the sell-off “for real” this time after a number of false starts.” 

 

 

What Libertarians Mean By “The Free Market”

 

 

 

 

Published on May 20, 2013

” Markets are much more than multinational corporations, banking firms, and stock brokerages on Wall Street, though all of those things are the result of a market system.

Sound economies, from the biggest multinational banks to a child’s sidewalk lemonade stand, operate on the principles of private property and exchange. These concepts are the building blocks of free societies, and it is the system of countless small trades, taken as a whole, that we call “the market.”

It is important to note that these trades are positive sum (win-win) situations: each party agrees to a trade because they value what they’re getting more than what they’re giving up.

And when those trades are voluntary–when nothing is preventing people from making trades or forcing people to make trades–that results in a free market, which makes everyone healthier, wealthier, more peaceful, and more technologically advanced.

That’s what libertarians mean when they defend the free market.”

Produced by Evan Banks and Aaron Ross Powell.

 

 

 

 

 

Warren Buffett’s Berkshire Hathaway Enjoys 51% Rise In Profits

 

 

 

” Berkshire Hathaway, the investment firm led by Warren Buffett, has posted a 51pc rise in profits thanks to the performance of its insurance companies and the rising value of the businesses it owns stakes in.

Berkshire said net income rose to $4.89bn (£3.14bn) in the first quarter of its financial year on the back of revenues growing 15pc to $43.9bn.

The conglomerate controls almost 100 companies across insurance, utilities, clothing and consumer goods, but also holds stakes in some of the world’s biggest businesses, including Coca-Cola, Wells Fargo, and Tesco, which is Berkshire’s biggest holding outside the US.”

 

 

 

 

 

There Is No Magic Formula. But That Doesn’t Mean There’s No Formula At All.

 

 

 

 

” At the heart of any successful business is a great idea. Some seem so simple we wonder why nobody thought of them before. Others are so revolutionary we wonder how anybody could’ve thought of them at all.

But those great ideas don’t come on command. And that leaves lots of would-be entrepreneurs asking the same question: How did everybody else get inspiration to strike—and how can we work the same magic?

To find out, we turned to the experts—investors, advisers and professors who have seen and heard countless success stories, as well as entrepreneurs who have written success stories of their own. They saw inspiration coming from all sorts of sources—everyday puzzles, driving passions and the subconscious mind.

Here’s what they had to say.”

 

 

 

 

 

 

 

 

LAX Emergency Evacuation Deemed False Alarm

 

 

” Visitors and passengers of Los Angeles International Airport were greeted with a shocking message Monday night when the airport’s flight-status boards accidentally flashed an emergency evacuation message.

Passengers were the first to notify police after the message appeared behind ticket counters at the Tom Bradley International Terminal. Passengers said the message read: “An emergency has been declared in the terminal. Please evacuate.”

The Los Angeles Times reported that airport personnel initially believed the message was the work of a hacker. Authorities investigated the affected computer systems but did not identify any suspects.”

 

 

 

 

 

 

 

 

 

 

CALIFORNIA BILL COULD SHUT DOWN SMALL RESTAURANTS

 

 

 

 

” The State of California has one of the worst proposals of any legislature in the country this year with a new bill that would force every restaurant and food service business in the state to commission an expensive “risk assessment” test for every menu item.

Such a test could cost thousands of dollars for every food item sold. This outrageous and cost prohibitive testing would certainly cause all but the biggest chain restaurants to go out of business almost instantly.

In another exercise in nanny-statism, California’s State Senate Democrats want this “risk assessment” conducted to determine whether food being sold “contributes significantly to a significant public health epidemic.”

The bill, Senate Bill 747, is an addition to the current health and safety codes and is currently set for a hearing on April 17. It was written and introduced by Sen. Mark DeSauliner (D, Concord).

As California politics watchdog Stephen Frank points out, “Pass this and hundreds of thousands of Californians are out of work on Day One–and tens of thousands of Californians have lost their investments and businesses.”

But there are other, perhaps unintended, consequences in the offing here. This law would benefit large, multi-million dollar national chain restaurants in as much as it would eliminate their competition at a local level. Mom and Pop restaurants, small local chains, and one-location restaurants could never afford to have expensive tests done for every food item they sell. The big chains, however, have a whole country of locations and customers upon which to spread the costs of this “risk assessment.” “

 

 

 

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Obamacare Continues To Restrict Hiring

” The Beige Book is a report published eight times a year that details the economic activity in the 12 different Federal Reserve regions. As this most recent report explains, “Employers in several Districts cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff.”

But why is this news now? Federal Reserve presidents have cited Obamacare as a hiring hindrance for a few years now. In 2010, the Federal Reserve Bank president of Atlanta said,“We have frequently heard strong comments to the effect of ‘My company won’t hire a single additional worker until we know what health insurance costs are going to be.’” There is little more clarity on what the new costs are going to be for business owners. This is why three different Federal Reserve regions have directly linked Obamacare to slower hiring.”

Tracking Sensors Invade the Workplace

 

 

” As Big Data becomes a fixture of office life, companies are turning to tracking devices to gather real-time information on how teams of employees work and interact. Sensors, worn on lanyards or placed on office furniture, record how often staffers get up from their desks, consult other teams and hold meetings.

Businesses say the data offer otherwise hard-to-glean insights about how workers do their jobs, and are using the information to make changes large and small, ranging from the timing of coffee breaks to how work groups are composed, to spur collaboration and productivity.

Surveys measure a point in time—what’s happening right now with my emotions. [Sensors] measure actual behavior in an objective way,” says Mr. Arena.

But there’s a fine line between Big Data and Big Brother, at least in the eyes of some employees, who might shudder at the idea of the boss tracking their every move. Sensor proponents, however, argue that smartphones and corporate ID badges already can transmit their owner’s location. In many cases, workers can opt out of participating in the sensor studies.”

 

 

 

 

Watch Armed Robber Quickly Retreat When He is Met With an AR-15 

” This past Thursday a male and female armed couple broke into an Inkster, Michigan tax business.  Expecting money, the assailants were surprisingly met with a security guard who quickly retreated into to the back room of the office to grab his AR-15. Realizing they were outgunned, the armed robbers retreated.”

Explaining To The Left (as if they’ll listen) Why Raising The Minimum Wage Does Not Pay For Itself

 

 

 

 

” On the one hand, this is so elementary, it’s hard to believe anyone argues with it. But when you’re dealing with ideological true believers, you know they will argue withanything you say if it doesn’t line up with the faith. So don’t assume you’ve won the argument just because you point this out: Raising the minimum wage will worsen unemployment because, plain and simple, it raises the cost of labor.

Not only that, but it raises by statute the cost of the least productive laborers out there. There’s a reason minimum wage earners get the minimum. Their contribution represents minimal value. An employer who decides to hire such a person is accepting lack of experience, lack of training and lack of maturity, and is deciding to invest some time developing the worker and getting whatever minimal contribution they can make until they see if the investment pays off in the person’s improvement. Usually you’re not talking about people trying to support a family. Usually you’re talking about a 16-year-old kid. If you make it even more expensive than it already is to hire such people, businesses simply will not do it.”

 

 

A Basic Guide To Online Reputation Management

 

 

 

 

 

 

Helpful Hints For Business And People Who Care How They Are Viewed 

 

” The following is an overview of some of the basic, fundamental processes you can work on to begin a proactive online reputation management campaign. It can be quite difficult to cut through all of the “noise” and misinformation out there regarding this evolving and often controversial topic. The heavily-researched and heavily-scrutinized methods, processes, and company resources mentioned in this section should hopefully be extremely useful for companies and individuals that are looking to understand the basics of the online reputation management “ecosphere”. This constantly-updated “Starter Guide” should essentially serve as a very helpful information resource for businesses and individuals that are seeking to not only monitor, but have a direct and meaningful impact on their overall online presence.

Clear distinctions will be made for the differing processes of business and individual reputation management where necessary. Much of this basic ORM information discussed can be applied to both business and personal scenarios, but there will be cases that call for differing strategy suggestions, and hopefully we can clearly highlight those within this guide. As mentioned on our homepage, the majority of the suggested tactics and resources for productive and proactive ORM campaigns are essentially Search Engine Optimization tactics and resources. These SEO strategies become necessary when attempting to have an impact on the Google algorithm. In other words, SEO and online marketing strategies are necessary to effectively “optimize” your online image in the largest search engine in the world.

 

Sections Include 

 

  • Step 1. What All Has Been Said About You Online?
  • Step 2. What All Is Being Said About You Online?
  • Step 3. What You Can Do About It – “The Best Defense Is A Great Offense”
  • Exact Match Domains
  • Buying Domain Names That Include Your Keywords And Popular Neutral Or Negative Phrases
  • Local Business Listings
  • Web 2.0 Websites
  • Press Releases
  • Article Directories
  • Video Sharing Websites
  • Image Sharing Websites
  • See If You Can Acquire A Wikipedia Page
  • Post On Online Marketplaces
  • Post On Relevant Online Forums
  • Conduct Paid Advertising Campaigns
  • Post On Question and Answer Websites
  • Take Advantage Of “Tagging” On The Websites That Encourage It
  • Look Into Using A Google Plus Profile And Google Authorship
  • Keep Track of All Your Website URLs That You Develop and Promote Them Regularly by Building Links to Them
  • Leverage Pre-Existing Positive Website Content When You Can
  • Conclusion

 

5 Unknown Dividend-Paying ETFs Yielding 12% Or More

 

 

 

” The stock market volatility of late puts into question how much longer the current uptrend can last. Dividend-paying ETFs can cushion the blow of day-to-day gyrations and offer investors something for sitting on their hands. Here’s a look at five of the fattest-dividend paying ETFs on the market and what’s driving there performance.

With the exception of iShares FTSE NAREIT Mortgage REIT ETF (REM), all of these are very thinly traded, so they’ll likely have wider bid-ask spreads than more liquid ETFs and it may take longer for your brokerage to fill an order.

 

2. iShares MSCI Hong Kong Small Cap (EWHS).

312-month yield: 12.75%.

One-year return: 23.15%.

IBD Relative Strength and Accumulation-Distribution Ratings: 40, B+.

EWHS gapped down $3.79, or 12.75%, on Dec. 18 when it paid out $3.70 a share in income.

EWHS is trading below the 50-day average but above the 200-day line, which means it’s in a weak uptrend. Nearly half of assets are devoted to consumer discretionary companies, a fifth is in financials and one-seventh is in technology. EWHS trades at a slight discount to emerging markets with a price-earnings ratio of 11.89 and price-to-book of 1.03. Emerging markets have a P-E of 12.3 and P-B of 1.58. “

Bank of America Reportedly Froze Gun Makers Account

 

 

 

 

” American Spirit Arms owner, Joe Sirochman posted on his Facebook page a statement that is truly amazing. He discusses a problem he was having with the bank as they were holding his merchant account funds for ‘further review’.

After many hours on hold with the bank trying to get to someone who could help he was told by a bank manager, “WE BELIEVE YOU SHOULD NOT BE SELLING GUNS and PARTS ON THE INTERNET”. Needless to say this angered Mr. Sirochman!

We are at a point now in America if we don’t stand up for our Constitutional Rights we are going to lose them forever. When private companies (Bank of America) decide not to honor their obligations to their ‘law abiding’ customers (American Spirit Arms) just because they don’t like what they are doing it is time for us (Americans who believe in the Constitution) to stop supporting those businesses (Bank of America).

Here is his post on the American Spirit Arms Facebook page:

All,
My name is Joe Sirochman owner of American Spirit Arms and I wanted to share my recent experience with Bank of America .(which we have been doing business with for over 10 years)…. “

 

 

  This isn’t BoA’s first foray into the world of politics in general and firearms in particular . Witness their treatment of McMillan firearms and illegal alien credit cards and mortgages .

 

And let us not forget BoA’s cozying up to Drug Lords …

 

Mexican Drug Cartel Laundered Money Through BofA, FBI Alleges

FBI: Drug Cartels Use Bank of America to Launder Money

American Banks ‘High’ On Drug Money: How a Whistleblower …

 

 

  So apparently while Bank of America is more than happy to facilitate illegal immigration , drug lords and money laundering it cannot in good conscience do business with legal American businesses that engage in the legitimate firearms trade . Remember this and choose your bank and financial advisors accordingly .

 

 

OBAMACARE LAYOFFS, HIRING FREEZES BEGIN

 

 

 

” “It will have a negative impact on job creation” this year, says Mr. Zandi.

The Obamacare employer mandate doesn’t go into effect until January 1, 2014, but the government requires businesses to track worker schedules for three to 12 months in advance.  That means many employers plan to get a jump start on avoiding Obamacare’s $2,000 per-worker fine by firing workers now, reducing employee hours, or replacing full-time employees with part-time workers.

A survey by the International Franchise Association finds that 31% of franchisees say they plan to cut staff to duck under Obamacare’s 50-employer mandate.  And another study byMercer consulting firm found that half of businesses who don’t presently offer health insurance plan to reduce employee hours to avert triggering Obamacare’s penalties.”

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