Mayors press for broad ban on semiautomatic weapons
Charleston AP reports big city mayors back an outright semiautomatic assault weapon ban as part of a broader crackdown on drugs and crime. The resolution, approved by the U.S. Conference of Mayors, seeks legislation beyond President Bush’s limited steps and heads for full group approval.
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Market drifts lower as investors cool after triple witching hour
In subdued trading on Friday and Monday the Dow Jones average fell to 2476.29 by noon. Advancers lagged decliners 2 to 3 with 504 gains and 745 declines on the NYSE. NWA rose after an Alfred Checchi led group announced a $121-a-share buyout. Time Inc fell while Warner Communications held at 9 1/4. A bolt of violence from Stockton spurred tough new gun limits and calls for drug penalties and federal tax changes.
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