House passes bill that includes selling milsurp 1911s through CMP

7/17/17| by Chris Eger

The House version of the 2018 National Defense Authorization Act was approved and included a plan to transfer the U.S. Army’s remaining stock of .45 ACP M1911A1 pistols to the Civilian Marksmanship Program.

Added as an amendment by U.S. Rep. Mike Rogers, R-Alabama, while the NDAA was in debate in the House Armed Service Committee, it would speed up the transfer of potentially the largest remaining stock of military surplus World War II-era handguns in government hands to the public. The legislation passed 344-81 and was sent to the Senate for consideration.

“This policy has been included in the NDAA since 2015, but the Obama Administration blocked the Army to transfer the 1911s for political reasons,” said Rogers in a statement Friday. “I am hopeful that with the help of the Trump Administration, we can make this provision a reality.”

Two years ago, President Obama signed the FY16 spending bill into law, which authorized the Army may transfer no more than 10,000 of their estimated 100,000 surplus 1911s per year to the CMP during a one-year pilot program. However, the transfer was never implemented, leaving the pistols in limbo. Rogers’ amendment, added as Section 1064, would strip away the 10,000-gun cap and make it mandatory for the pistols to move, striking “may transfer” and replacing it with “shall transfer” with the schedule in the hands of the secretary of the Army.

Read more at guns.com:  http://www.guns.com/2017/07/17/house-passes-spending-bill-that-includes-selling-milsurp-1911s-through-cmp/

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UK Soccer Players Abandon Pound, Demand Payment In Euros

Leading English Premier League football (soccer) stars are demanding to be paid in euros because of the weak value of the Pound, according to Manchester United, the wealthiest club in world football.

As The FT reports, speaking at the KPMG Football Benchmark event in London on Wednesday. Cliff Baty, the English Premier League side’s chief financial officer said that last summer’s Brexit vote, which led to a sharp drop in the pound against the euro, had complicated the transfers of big-name players.

“It was a bit difficult last year when we were trying to make signings and you had players questioning the value of being paid in sterling,” he said.

“A lot of European players will want to be paid in euros, understandably to a degree. But we are a sterling company . . . [and] managing that is quite tricky.”

The biggest clubs are hedged against currency movements, earning euros from playing in European competition and dollars from international sponsorship deals. Even so, Mr Baty said his club does not have enough euros in hand to accede to the request, insisting players be paid in pounds instead.

The club’s highest paid footballer is Paul Pogba, who earns a staggering £290,000 a week.

Before the referendum his salary was worth 380,000 euros but it has since plunged to 330,000 euros.

Mr Baty said other players had questioned the sterling-only policy...

“It is a natural request [from players] in understanding how much you will get paid,” he said. “We’re not going to lose signings over it. It just makes the finances more complicated.”

We would imagine the British public would be less than worried if x-thousand bankers leave Britain for Europe"s shores, but a "Brexodus" of its best soccer players would likely mean open revolt...