A new front in the gun control fight
Federal laws have protected gun makers from liability from gun crimes and deaths. But officials in New Jersey are taking a novel approach to investigating the industry that hasn’t drawn much attention, Andrew writes in his latest column: They’re going after Smith & Wesson, one of the biggest manufacturers, over its advertising practices.
New Jersey has taken aim at Smith & Wesson’s marketing, in what it describes as a “garden-variety” investigation by the state’s consumer affairs division. At issue are ads like a TV commercial that shows a woman carrying a pistol in a handbag everywhere she goes, from the office to the gym. But nearly everything in that ad is illegal in most states if she didn’t have a concealed carry permit. New Jersey said it’s investigating potential advertising fraud.
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Treasury Secretary Janet Yellen dropped hints about her approach to taxes, digital currencies and more.Credit.Brendan Smialowski/Agence France-Presse Getty Images
What Janet Yellen thinks
The Treasury secretary opened the DealBook DC Policy Project yesterday, one of the few media interviews she has given since taking the job last month. Although she was typically understated in her conversation with Andrew, she dropped hints about some of her biggest priorities. Here’s what we think she’s planning:
On jobs: Ms. Yellen said that the goal was to “get unemployment down to the levels we enjoyed prior to the crisis.” But she’s looking beyond the headline unemployment rate at bigger, broader numbers, and believes that the government has capacity to take on even more debt suggesting she’ll push for more stimulus and other policies to goose the economy.
Roaring Kitty Will Tell Congress He Was a True Believer in GameStop
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Here’s what you need to know:
“The idea that I used social media to promote GameStop stock to unwitting investors is preposterous,” Keith Gill said in a statement to a House committee that will hear testimony on Thursday.Credit.via Youtube
Keith Gill, the former MassMutual wellness education director who advocated for shares of GameStop in his free time, is prepared to tell a House committee on Thursday that he never provided investment advice for a fee and did not “solicit anyone to buy or sell the stock for my own profit.”
Chip Shortage Disrupts General Motors Factories
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The General Motors plant in Ingersoll, Ontario, is among three that will be idled temporarily.Credit.Geoff Robins/Reuters
General Motors plans to idle three North American plants next week because of a global shortage of semiconductors that is rippling through the automotive industry.
The company said it would halt production for one week beginning Monday at its plants in Fairfax, Kan.; Ingersoll, Ontario; and San Luis Potosi, Mexico.
Ford Motor, Volkswagen and other automakers have also had to stop or slow production at various plants because of a shortage of semiconductors, or chips, used in electronics that control engines, transmissions, entertainment systems and other major components.