Tag Archives: manufacturers

US Supreme Court to decide whether Mexico may sue gun distributors for allegedly facilitating the flow of firearms to drug cartels

US Supreme Court makes decision

Important Takeaways:

  • In its lawsuit, Mexico alleged the manufacturers and distributors were aiding and abetting the purchase of their firearms by dealers known to supply drug cartels.
  • They also claim that firearm makers have resisted making changes to their products – such as making gun serial numbers harder to tamper with or installing certain technological safeguards that would hinder a gun’s unauthorized use – that would make the guns less appealing to criminal gangs.
  • And the complaint says manufacturers market their products in a “inflammatory” and “reckless” way that makes guns more attractive to cartels.
  • The high court on Friday granted the request by Smith & Wesson and other gun manufacturers to review a federal appeals court ruling reviving the case, after a trial judge threw it out on the basis of the Protection of Lawful Commerce in Arms Act, a law that generally bars civil liability for firearm manufacturers and distributors for the use of their products by third-party criminals.
  • At the heart of the dispute before the Supreme Court is the 2005 federal law passed by a GOP-led Congress. The ruling in Mexico’s favor came after gunmakers had previous success in using the Protection of Lawful Commerce in Arms Act to stop similar lawsuits from local and state governments.

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Bleak outlook from Poll saying 59% of Manufactures see Inflation leading to Recession

Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”

Important Takeaways:

  • Poll: Nearly 60% of U.S. Manufacturers See Inflation Leading to Recession
  • Almost six in ten American manufacturers believe ongoing inflation will lead to a recession in the United States, a new survey from the National Association of Manufacturers (NAM) finds.
  • In the latest NAM survey, more than 59 percent of American manufacturers said they believe inflation is likely to spur a recession in the United States
  • 52 percent said they do not believe the Federal Reserve will be able to avert a recession

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U.S. opens $3 billion aviation manufacturing wage subsidy program

By David Shepardson

WASHINGTON (Reuters) – The U.S. Transportation Department said Tuesday it had launched a $3 billion aviation manufacturing payroll subsidy program that will cover up to half of eligible companies’ compensation costs for as long as six months.

The program, funded by Congress, requires companies to commit to not conducting furloughs without employee consent or laying off employees covered by subsidies during the six-month period. Applications must be filed by July 13.

Companies eligible include aircraft, engine, propeller or component manufacturers and companies that repair or overhaul airplanes and parts.

The subsidy program cannot cover more than 25% of an employer’s total U.S. workforce as of April 2020 and can only cover employees with total annual compensation of $200,000 or less.

To qualify, a company must have involuntarily furloughed or laid off at least 10% of its total workforce, or have experienced at least a 15% decline in 2020 total operating revenues.

More than 100,000 jobs have been lost in the aerospace industry since the start of the COVID-19 pandemic, according to the Transportation Department. Before then, the U.S. aerospace industry was estimated to employ approximately 2.2 million workers, including 1.2 million who worked in various parts of the supply chain nationwide.

Boeing Co, which has had extensive job cuts, Raytheon Technologies and Spirit Aerosystems did not immediately respond to questions about whether they are considering applying. General Electric’s aviation unit said it would not seek assistance from the program.

The International Association of Machinists and Aerospace Workers had strongly urged Congress to fund the program.

Congress has provided assistance to other aviation industry firms, including giving U.S. airlines $54 billion for payroll since March 2020 and that funding will continue to pay much of airline workers’ salaries through Sept. 30.

(Reporting by David Shepardson; Editing by Chizu Nomiyama and Cynthia Osterman)