A Palmetto M4 assault rifle for sale in Parker, Colorado. The killing of 12 people at a cinema in the Denver suburb of Aurora may spark a fresh round of soul-searching on America's relationship with guns but few predict any real change in the law.
A Palmetto M4 assault rifle for sale in Parker, Colorado. The killing of 12 people at a cinema in the Denver suburb of Aurora may spark a fresh round of soul-searching on America's relationship with gShow more

Colorado movie massacre spurs rise in US gun sales



DENVER // Gun sales are surging in the wake of the Colorado cinema massacre as buyers express fears that politicians may use the shootings as a reason to restrict the owning of weapons.

In Colorado, the site of Friday's shooting in which 12 died and dozens of others were injured, gun sales jumped in the next three days

Background checks on 2,887 people who wanted to buy a firearm were 25 per cent up on the average Friday to Sunday period in 2012 and 43 per cent on the previous week.

Dick Rutan, owner of Gunners Den in Arvada, near Denver, said requests for concealed-weapon training "are off the hook." Interest in his four-hour course in gun safety, required for certification for a concealed-weapons permit in Colorado, has doubled since Friday.

"What they're saying is: They want to have a chance. They want to have the ability to protect themselves and their families if they are in a situation like what happened in the movie theatre," Mr Rutan said.

Day-to-day gun sales often fluctuate, but the numbers also look to be up outside of Colorado, too.

Seattle's King county saw nearly twice as many requests for concealed pistol licences than the same period a year ago. Florida recorded 2,386 background checks on Friday, up 14 per cent from the week before. Oregon sales on Friday and Saturday were up 11 per cent over the previous month.

During the past decade, June and July have consistently been the slowest months for gun sales, according to FBI data.

Jay Wallace, who owns Adventure Outdoors in Smyrna, Georgia, found that his sales on Saturday were up 300 per cent from the same day a year ago - making it one of the best Saturdays his business has ever had. He said customers are often afraid when there's a gun-related tragedy that an anti-gun agenda may follow.

"We shouldn't let one sick individual lose sight of freedoms in this country," Mr Wallace said.

Officials have said that the suspected Colorado gunman, James Holmes, methodically stockpiled weapons and explosives at work and home in recent months. He bought thousands of rounds of ammunition and a shotgun, a semi-automatic rifle and two Glock pistols.

On Friday, clad head-to-toe in combat gear, he burst into a midnight showing of The Dark Knight Rises, tossed gas canisters into the crowd and opened fire.

Police in the Denver suburb of Aurora say Mr Holmes also booby-trapped his apartment. He is now in solitary confinement at a local jail.

The rise in gun sales reflects but one of the anxieties created by the shootings. Since the massacre, there have been reports of chaos at cinemas, apparently sparked by misunderstandings or careless words.

A confrontation with a drunk man in an Arizona theatre led to about 50 people fleeing, officials said.

A southern California man was arrested after he referred to the Aurora massacre after the film didn't start on time. In New Jersey, a showing of Batman was cancelled after someone stood up during the movie, opened an emergency exit and then returned to their seat.

Nationally, the shootings have triggered a fierce debate over gun control and whether government has a role in reining in the ownership of firearms.

Gun sales often fluctuate based on news events, especially whenever people think the passage of more restrictive gun laws is imminent. Sales rose after the election of Barack Obama, the US president, when weapons enthusiasts expressed fear that the Democrat might curtail gun rights. FBI figures also show background checks for handgun sales jumped in Arizona after the shooting of US congresswoman Gabrielle Giffords in 2011.

"It's not uncommon for us to see spikes in requests for concealed pistol licences when there's a significant gun-related tragedy," said Sgt. Cindi West of the King County sheriff's office in Washington state.

Some Democrats in Congress cited the shooting as evidence of the need for tougher gun control laws - particularly a ban on high-capacity ammunition magazines. Congress, however, hasn't passed strict gun laws in more than a decade.

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

US households add $601bn of debt in 2019

American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.

Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.

Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.

In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.

The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.

"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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