Gun companies' stocks rise after Las Vegas shooting

Elias Hubbard
October 6, 2017

The gunman opened fire on country music festival-goers below.

Shares of Las Vegas casino companies plunged Monday.

He said that most of those wounded in the shooting would be able to go home in weeks, if not days. The death toll as of Monday afternoon reached 58 and well over 500 people were reported injured. Before the change of laws, Australia experienced a mass shooting almost once a year.

America is unique in its gun violence problem. As a result, gun stocks have mostly been lower since the election.

The most updated estimates - now almost a decade old - place the worldwide civilian gun cache at around 650 million.

According to the Small Arms Survey, the exact number of civilian-owned firearms is impossible to pinpoint because of a variety of factors including arms that go unregistered, the illegal trade and global conflict. The gun lobby's multi-generational success in this regard is built upon a cultural proclivity for gun ownership rooted in the Second Amendment of the constitution. When politicians repeatedly vote against safe and sane gun laws, against 10-round ammunition magazine limits, against firearms safety training and background checks, they are endangering your health and safety and that of your children.

Such guns are legal in the U.S., so long as they were made before May 1986 and are registered with the federal government. That will create a backlash, because about one-third of Americans own guns. But gun trafficking is widespread and hard to combat, so we too are vulnerable. He was heading off to deal with a humanitarian disaster in Puerto Rico while simultaneously having the Justice Department working on the worst mass shooting in modern USA history.

Several Republicans, who typically oppose gun restrictions, signaled openness to the idea. And regulations covering the sale of firearms are looser now that they were just a few months ago.

The original rule was part of a series of moves taken by the Obama administration to try and curb gun violence after other efforts failed to advance in Congress.

In Australia, for example, four mass shootings occurred between 1987 and 1996. Australia hasn't had a mass shooting since. Individuals, businesses, schools, municipalities, counties and other government subdivisions are encouraged to fly the flag at half-staff for the same length of time as a sign of respect, according to the governor's office.

Our calculations based on OECD data from 2010 show that Americans are 51 times more likely to be killed by gunfire than people in the United Kingdom. The two ISIS-linked attacks "certainly triggered something in the American consciousness about personal safety". Nights like last night will be replayed many times in the years ahead.

"A fully automatic gun is something that's capable of dispersing more rounds then a semi-automatic", Taylor said. The U.S. ranks No. 1 in the world in terms of firearms per capita-with 88.8 guns per 100 people-and it has the highest homicide-by-firearm rate in the developed world.

Other reports by Click Lancashire

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