Wednesday, November 7, 2012

"After Obama win, U.S. backs new U.N. arms treaty talks" (RGR; SWHC)

That was quick.
I suppose I'm going to have to brush up on the intricacies of Supremecy Clause.
From the Chicago Tribune:
UNITED NATIONS (Reuters) - Hours after U.S. President Barack Obama was re-elected, the United States backed a U.N. committee's call on Wednesday to renew debate over a draft international treaty to regulate the $60 billion global arms trade.

U.N. delegates and gun control activists have complained that negotiations collapsed in July largely because Obama feared attacks from Republican rival Mitt Romney if his administration was seen as supporting the pact, a charge the United States denies.

The month-long talks at U.N. headquarters broke off after the United States - along with Russia and other major arms producers - said it had problems with the draft treaty and asked for more time.

But the U.N. General Assembly's disarmament committee moved quickly after Obama's re-election to approve a resolution calling for a new round of talks March 18-28. It passed with 157 votes in favor, none against and 18 abstentions....MORE
I should note that Sturm Ruger was one of the day's big winners,  $47.68 +$3.04 (6.81%).
However it trailed Smith & Wesson Holdings, $10.37 +$0.91‎ (9.62%‎).