Guns in America

Quest's Profitable MomentGuns are once again at the forefront of America's agenda.The cynic in me says,...

Posted: Mar 2, 2018 9:54 AM
Updated: Mar 2, 2018 9:54 AM

Quest's Profitable Moment

Guns are once again at the forefront of America's agenda.

The cynic in me says, "Why bother? Nothing is going to change. We've been here before and nothing gets done." I sneer and guffaw at the futility of the wasted time and effort.

I'll let you in on a secret. It's all an act.

Every time, deep down I'm hoping that THIS time things will change. You can imagine my crushing disappointment when they don't.

So when the Parkland, Florida, school shooting occurred, my walls went up, and I sneered once again.

But deep down I know, this time, things WILL change.

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The solution is embarrassing in its simplicity. The only way to fight against the NRA's deep pockets is to empty their pockets.

America's representative democracy is springing into action, albeit in a slightly unusual way. Instead of elected officials representing the voters, it's companies speaking for their customers.

From Delta to Walmart, Bank of Omaha to Kroger, the deals and discounts offered to the NRA are coming to an end, and gun sellers are rethinking what kind of guns they sell - and to whom. Not only is the NRA noticing, but politicians are, too.

The old adage "money talks" still holds true. And when "money walks," the silence becomes deafening.

February was insane. March starts poorly

Remember when the stock market only went up? Those days are over. Fears about inflation and rising bond yields made February the worst month for US stocks in two years. And it was easily one of the wildest since 2008. While the Dow bounced off its lows, more trouble has arrived in recent days. The Dow fell 420 points on Thursday after President Trump announced plans for tariffs on steel and aluminum imports. The harsh trade moves raise the risk of retaliation and a trade war. The tariffs are also likely to lift prices, reinforcing concerns about inflation. Keep your seat belts fastened.

-- Matt Egan

Fed chairman pooh-poohs recession fears

Federal Reserve Chairman Jerome Powell delivered a bright economic outlook to Congress this week. Business investment is up sharply. Consumer confidence is the highest since November 2000. Could those be signs that the economy is near a peak? Powell doesn't think so: He pledged to keep the economy humming without starting a recession, hinting that the Republican tax cuts, wage growth and a little inflation would help.

-- David Goldman

A year later, NAFTA is still alive

President Trump called it the worst trade deal in American history, yet more than a year into his presidency, NAFTA is still alive. Negotiations have not gone well, but the growing consensus is that the deal will live on. Let's count the reasons: Roughly 14 million American jobs still depend on trade with Canada and Mexico. If Trump pulls out of NAFTA, he will anger Corporate America. And recent tax cuts alleviate some of the pain NAFTA inflicts on US manufacturers.

- Patrick Gillespie

Comcast enters bidding war for Britain's Sky

Rupert Murdoch and Disney are in a battle for Sky. The House of Mouse would gain control of the British broadcaster as part of its deal to buy most of 21st Century Fox. But Comcast has made a more lucrative bid. Comcast, despite owning NBCUniversal, has little presence outside the US, and Sky would make it a global media giant. But Disney may fight for Sky. CEO Bob Iger called it a "crown jewel." Don't underestimate Comcast, though: Buying Sky would be revenge for Comcast CEO Brian Roberts. Comcast wanted Fox, but Murdoch chose Disney instead. And Comcast failed in its attempt to buy Disney in 2004.

- Paul R .La Monica

GE's legal woes are mounting

The SEC is investigating GE's accounting tactics and its massive insurance losses. The US Justice Department is probing GE's pre-crisis sale of subprime mortgages. Furious shareholders are suing GE and former top executives over allegedly misleading statements. JPMorgan estimates that the company faces more than $9.2 billion in damage claims in addition to other potential losses from the SEC and shareholder lawsuits. GE tried to clean up its mess by hiring three new directors Monday. But shares have fallen to an eight-year low.

- David Goldman

Quick takes

Wells Fargo discriminated against black and Latino homebuyers in Sacramento, California, by pushing them into more expensive mortgages than white borrowers, a lawsuit charges.

A New York startup pioneered a gauge to measure the risk to the Trump administration from special counsel Robert Mueller's probe. Fittingly, it's called the Mueller Risk Index.

Consumer confidence hasn't been this high since ...

One in five black men in the United States did not work in 2016.

There's an exploding airbag crisis in Australia.

What's next

Geneva Motor Show: Electric SUVs are already the talk of the show, which begins Wednesday. Hyundai will unveil an all-electric SUV that could have the power and price to compete against the Tesla Model 3 and Chevrolet Bolt EV. Jaguar will show off its significantly higher-end electric SUV.

Steel tariffs: President Trump said his administration will impose a 25% tariff on steel imports and a 10% tariff on aluminum. He said the official announcement will come next week, but he hasn't announced a date. It's also not clear whether Trump will exempt some countries from the tariffs, as his national security advisers have urged him to do to avoid hurting American allies.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 69374

Reported Deaths: 1989
CountyConfirmedDeaths
Hinds5700119
DeSoto371031
Harrison260136
Madison245569
Jackson231444
Rankin230735
Jones193159
Forrest182656
Washington170142
Lee152142
Lauderdale141592
Neshoba128892
Lamar123115
Bolivar113635
Oktibbeha113339
Warren112535
Lowndes109239
Panola106816
Sunflower105625
Scott101120
Lafayette98719
Copiah96228
Leflore94966
Pike94037
Holmes91049
Grenada85123
Pontotoc8429
Yazoo84113
Lincoln83442
Monroe82155
Simpson80631
Leake79526
Coahoma78113
Wayne78021
Tate74330
Marshall7129
Marion68420
Union66216
Adams63225
Winston62916
Covington62214
George5956
Pearl River55940
Newton54511
Tallahatchie54111
Attala52725
Walthall50221
Chickasaw47619
Noxubee46112
Tishomingo4377
Alcorn4355
Calhoun4259
Prentiss42310
Claiborne40914
Smith40613
Hancock40214
Clay40114
Jasper3949
Itawamba38710
Tippah37414
Tunica3587
Clarke33626
Montgomery3295
Lawrence3238
Yalobusha31610
Humphreys29712
Quitman2691
Carroll26111
Greene25612
Perry2428
Amite2376
Webster23712
Kemper23314
Jefferson Davis2336
Wilkinson21513
Stone2115
Sharkey2045
Jefferson1957
Benton1451
Choctaw1354
Franklin1312
Issaquena272
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 100801

Reported Deaths: 1814
CountyConfirmedDeaths
Jefferson13366246
Mobile10581212
Montgomery6825151
Madison546934
Tuscaloosa426979
Unassigned392566
Baldwin367029
Shelby333437
Marshall319438
Lee270847
Morgan241819
Etowah218034
DeKalb183414
Calhoun181918
Elmore176039
Walker154465
Houston142813
Russell13892
St. Clair136320
Limestone135913
Dallas133624
Franklin129722
Cullman123012
Colbert121517
Lauderdale119020
Autauga116222
Escambia108817
Talladega105414
Jackson10264
Tallapoosa87579
Chambers84738
Dale84329
Clarke82610
Chilton8189
Blount8165
Butler77036
Coffee7656
Covington74021
Pike7137
Marion58226
Barbour5796
Lowndes57124
Marengo56616
Hale48526
Bullock48111
Winston45711
Perry4454
Bibb4445
Washington44412
Wilcox43410
Monroe4236
Pickens4089
Randolph40211
Conecuh39310
Sumter36618
Lawrence3542
Macon33914
Crenshaw3326
Choctaw28912
Cherokee2768
Clay2675
Geneva2652
Henry2643
Greene25211
Lamar2302
Fayette2235
Cleburne1291
Coosa1053
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