{"id":129468,"date":"2018-02-14T11:39:12","date_gmt":"2018-02-14T06:09:12","guid":{"rendered":"http:\/\/greattelangaana.com\/english\/?p=129468"},"modified":"2018-02-14T11:39:12","modified_gmt":"2018-02-14T06:09:12","slug":"no-guns-remington","status":"publish","type":"post","link":"https:\/\/greattelangaana.com\/english\/no-guns-remington\/","title":{"rendered":"No guns from Remington"},"content":{"rendered":"<p style=\"text-align: justify;\">For two centuries, it has been a totem of America\u2019s gun culture &#8212; a name emblazoned on frontier flintlocks and U.S. Army .45s.<\/p>\n<p style=\"text-align: justify;\">Remington Outdoor Co., which traces its history back to 1816, said it would file for bankruptcy protection, succumbing to a slump in business worsened by, of all things, a president who has steadfastly supported Americans\u2019 right to bear arms.<\/p>\n<p style=\"text-align: justify;\">The bankruptcy is a blow to the private-equity mogul Stephen Feinberg, who has been a prominent supporter of President Donald Trump.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2018\/02\/p0393wcn.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-129469\" src=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2018\/02\/p0393wcn.jpg\" alt=\"America\u2019s gun culture\" width=\"1600\" height=\"648\" srcset=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2018\/02\/p0393wcn.jpg 1600w, https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2018\/02\/p0393wcn-768x311.jpg 768w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Feinberg\u2019s firm, Cerberus Capital Management, acquired Remington in 2007 and subsequently saddled it with almost $1 billion in debt.<\/p>\n<p style=\"text-align: justify;\">The Chapter 11 bankruptcy filing will let Remington stay in business while it works out a plan to turn around the company and pay its creditors.<\/p>\n<p style=\"text-align: justify;\">Remington has been around for over 200 years, dating back to 1816 when Eliphalet Remington II worked with a local gunsmith to create a flintlock rifle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For two centuries, it has been a totem of America\u2019s gun culture &#8212; a name emblazoned on frontier flintlocks and U.S. Army .45s. Remington Outdoor Co., which traces its history back to 1816, said it would file for bankruptcy protection, succumbing to a slump in business worsened by, of all things, a president who has [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":129470,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,2],"tags":[258,1843,66188,66189,66187,66191,66190],"class_list":["post-129468","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nri","category-top-stories","tag-america","tag-donald-trump","tag-for-two-centuries","tag-gun-culture","tag-no-guns-from-remington","tag-remington","tag-us-army"],"jetpack_featured_media_url":"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2018\/02\/GettyImages-504166004-1280x720.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/129468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/comments?post=129468"}],"version-history":[{"count":0,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/129468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media\/129470"}],"wp:attachment":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media?parent=129468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/categories?post=129468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/tags?post=129468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}