SHORT TAKES ON THE DRIFTING WRECKAGE – OVERNIGHT:

END OF A TRADITION – FROM THE HARTFORD COURANT:   Colt Holding Co. has been purchased by a Czech firearms company, ending a 175-year run as an American company and helping to establish a “small arms powerhouse,” the two companies announced Friday.  It also marks a new chapter for Colt, a one-time financially troubled company that, with its new Czech owner, is now expected to generate $500 million in revenue.  Z?eská zbrojovka Group, or CZG, said it signed a definitive agreement to acquire 100% of the shares of Colt Holding Co. LLC, the parent company of Colt’s Manufacturing Co. and its Canadian subsidiary, Colt Canada Corp., for $220 million in cash and more than 1 million shares of the Czech company.  The agreement also calls for potentially issuing up to 1.1 million shares of newly issued CZG stock if defined profit thresholds are achieved between 2021 and 2023.  Lubomír Kova?ík, president and chairman of CZG, said the deal is a “strategic step for both companies.”  “The acquisition of Colt, an iconic brand and a benchmark for the military, law enforcement and commercial markets globally, fits perfectly in our strategy to become the leader in the firearms manufacturing industry and a key partner for the armed forces,” he said. “We are proud to include Colt, which has stood shoulder-to-shoulder with the U.S. Army for over 175 years,” It's sad to see an iconic American name pass to foreign ownership.  But it won't bother anyone in the Washington establishment. 

ANOTHER GREAT MOMENT IN EDUCATION – FROM BREITBART:   Whistleblower documents revealed a Philadelphia elementary school, ranked as one of the worst-performing schools in Pennsylvania, forced fifth graders to act out a “Black Power” rally in honor of radical Marxist Angela Davis and to celebrate “black communism.”  According to Critical Race Theory investigator Christopher Rufo, who obtained the documents and spoke to a source within the William D. Kelley School, a fifth-grade teacher designed a social studies curriculum “to celebrate the political radical Angela Davis, praising the ‘black communist’ for her fight against ‘injustice and inequality.’” ... An author and filmmaker, Rufo reported in a Twitter thread that, after asking students to “describe Davis’s early life” and her vision of social change, the teacher led them to the school auditorium to “simulate” a “Black Power” rally to “free Angela Davis” from prison.  The students marched, holding signs that read, “Black Power,” “Jail Trump,” “Free Angela,” and “Black Power Matters,” and shouted, “Free Angela!”  We have to ask what impact this will have on black children.  What will this kind of "education" affect their future?  Doesn't take much to figure it out.

February 12, 2021