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Added on the 21/12/2020 13:00:00 - Copyright : EFE Inglés
The National Rifle Association of America (NRA) has filed for voluntary bankruptcy in Texas. The nation's foremost gun lobby confirmed the announcement on Friday. According to CNN, the organization said it plans to leave New York and reincorporate as a Texas nonprofit. The NRA is calling the rebranding effort "Project Freedom." The group said it's in its "strongest financial condition in years," but the restructuring will help to "streamline costs and expenses." The Chapter 11 announcement follows allegations of financial mismanagement at the NRA in recent years.
Jonathan Ernst/Reuters The NRA says it filed for Chapter 11 bankruptcy on Friday. The organization has been beset by financial troubles for years. The NRA is also relocating from New York to Florida where it will register as a nonprofit. The National Rifle Association has filed for Chapter 11 bankruptcy, the group said in a statement Friday. Internal financial documents showed that it increased spending over revenue and it ran a deficit for several years, including a gap of $10.8 million in 2018.
An Israeli arms company has developed a backpack that turns into a bullet-proof vest in under two seconds and is selling them to parents afraid of attacks at US schools.
Security is tight as pro-Palestinian protesters demonstrate outside the venue of the annual White House Correspondents' Association dinner where President Joe Biden will make what is a traditionally lighthearted address amid protests and boycott calls over the conflict in Gaza. IMAGES
Parents wait to collect their children from a school in the French town of Souffelweyersheim, in the east of France, after an assailant wounded two girls aged six and 11 in a knife attack near the premises. The man was later arrested. The girls' wounds are not deemed serious. IMAGES (VIDI34PP789_EN)
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