U.S. satellite firms fearful of China ban

Article Abstract:

The US Satellite Industry Association stresses that the Congress' plans to ban launches from China could result in the elimination of 16,000 jobs in the US commercial satellite industry and cut of $8 billion in revenue over the next half a decade. Prohibiting US satellite launches from China is being considered at the US Congress. The ban was passed by The House in May 1998, and the Senate is anticipated to consider the ban in summer 1998. The ban stemmed from allegations that satellite manufacturers Hughes Electronics and Loral Space & Communications provided China secrets following failed rocket launches in the country.

Comment:

The Congress' plans to ban launches from China could result in devastating effects in the US commercial satellite industry

Guided Missile and Space Vehicle Manufacturing, Unmanned Space Vehicles, Unmanned spacecraft, Article

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Gun industry searches for lawsuit strategies

Article Abstract:

The gun industry and its lobbyists are organizing their efforts to counter the increasing number of lawsuits brought against gun firms and the industry. The lawsuits filed against the gun industry have been compared to lawsuits filed by cities against the tobacco industry. Some of the strategies adopted by the gun industry include alloting 1% of their sales to pay for legal and legislative expenses and consolidating three trade groups into one organizations.

Small Arms Manufacturing, Small Arms

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On-line betting makes March madness easy

Article Abstract:

The popularity of online betting through the Internet is increasing as more people are playing NCAA tournament pools. As of this year, some 2.5 million people participated in the pools while over $300 million was bet on sport online in 1998. Online bets are expected to exceed $2.3 billion by 2001. Some Internet gambling sites, however, violate the gambling laws of some states, and some legislators have proposed bills that would prohibit Internet gambling.

Market information - general, On-Line Information Services, Gambling Industries, Videotex & Teletext Svcs NEC, Legal Gambling, Internet services, Online information services

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