Newschannel 3 is proud to bring you coverage of the US Open Tennis Men's Final. For the fourth consecutive year, coverage will be on CW7 starting at 5 p.m. Monday, Sept. 8. In the event coverage goes past 8 p.m., we will move the match to Newschannel 3.

PROGRAMMING NOTE

Violent week throws gun laws into focus

Updated: Thursday, July 10, 2014
Violent week throws gun laws into focus story image
KALAMAZOO, Mich. (NEWSCHANNEL 3) - The tragic shooting death of a young Muskegon mom a few days ago puts a somber exclamation point on an especially violent week in the U.S.

Rebekah Bletsch was shot in the head while jogging near her home--no one knows why.

Tonight in Tom's Corner, Tom Van Howe says the shooting is a reminder that gun accessibility remains a serious problem in this country.

=====================

Rebekah was a mom, a daughter, a friend to many. And in the circle of her family and friends, as police begin a difficult search for her killer, she will be mourned and remembered.

But in the larger sense, she's a number. And there are so many numbers it's hard to keep track.

On one hand,  its easy to understand how we become desensitized to the horrors of violence.

In the Middle East people are being murdered every day in the name of righteousness. It's numbing.

We're sending in advisors. And we know where that led us 50 years ago in Vietnam.

In Israel, the citizenry seems to be gearing up for an all-out confrontation with Hamas after three Israeli teenagers were kidnapped and murdered.

In Texas, more than 50-thousand Central American children are being cared for in refugee camps. Their parents sent them up hoping they'll get citizenship. Nobody knows what to do about it.

Our increasingly unpopular president is trading barbs with an even more unpopular intransigent Congress. Nothing gets done.

On the other hand, we have increasingly liberalized gun laws which don't seem to be stopping those intent on murdering people.

Over the past weekend, on Bourbon Street in New Orleans, two men began trying to shoot each other.

They were unsuccessful. But they managed to shoot  11 innocent by-standers. One of them was killed and another is still in critical condition.

In New York City, 23 people were shot. Among them a 10-year-old,  a 12-year-old and a 16-year-old.

In Chicago, 35 people were shot. One person is dead. Many of the others are hurting.

In Newark, New Jersey, a 17-year-old girl--a cheerleader--was forced to get on her knees before being shot in the head. Her boyfriend was shot, too. He has survived.

And in Cumberland County, Kentucky, a five-year-old boy accidentally shot and killed his two-year-old sister with his new .22 caliber rifle. The boy's grandmother, who points out it was a child-sized weapon, says the tragedy was God's will. "It was her time to go," she said. "she's in good hands with the Lord."

The carnage is so overwhelming we have lost our ability to process it in any meaningful, thoughtful way. We deal with it by shrugging our shoulders, shaking our heads, and looking for someone to have lunch with.

Where do bad guys get their guns to commit these atrocities? Some are stolen. Some are from the gun case at home. But most are purchased illegally  at gun shows and from shady gun dealers.

A teenaged shooter in a Chicago gang told a reporter there that he can get his hands on a weapon any time--as quickly as you can get a burger at a fast food restaurant.

A phone call and a pickup, he said. As simple as that.

And what are we doing about it? Virtually nothing. We can't even get a decent background check law in place for those who buy weapons. The NRA holds that automatic weapons are just fine.

I don't think most people believe that. But most people don't have the money to lobby Congress on their behalf.

My deepest sympathies to the friends and family of Muskegon's Rebekah Bletsch. I just wish i had more than condolences to offer.

In this corner...I'm Tom Van Howe.

Business News

Last Update on September 02, 2014 17:28 GMT

ECONOMY-MANUFACTURING

WASHINGTON (AP) -- U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose.

The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index rose to 59 from 57.1 in July. Anything above 50 signals that manufacturing is growing.

A gauge of production rose to the highest level in four years, and a measure of new orders jumped to its highest in 10 years. That suggests that the sector should continue to grow in the coming months.

CONSTRUCTION SPENDING

WASHINGTON (AP) -- U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of construction showed gains in an encouraging sign that spending on building projects will help boost the economy in the second half of this year.

The Commerce Department says construction spending rose 1.8 percent in July, the biggest one-month gain since May 2012. It followed a 0.9 percent decline in June, the largest setback in a year. That decline had been blamed in part on soggy weather which depressed construction activity in many parts of the country.

The July rebound pushed total construction to a seasonally adjusted annual rate of $981.3 billion, the highest level since December 2008. Spending on housing, non-residential and government projects all increased.

HOME PRICES

WASHINGTON (AP) -- U.S. home prices rose in July but at a slower rate compared with earlier this year.

Real estate data provider CoreLogic says prices rose 7.4 percent in July from July 2013. That was slightly below June's year-over-year increase of 7.5 percent.

Prices rose 1.2 percent in July from June.

The smaller price gains should make homes more affordable and support sales. The average 30-year fixed mortgage rate was 4.1 percent last week, the lowest in a year. And the number of available homes rose 3.5 percent in July to the most in nearly two years. A greater supply tends to limit the bidding wars that inflate prices.

UKRAINE-ECONOMY

BRUSSELS (AP) -- The International Monetary Fund says Ukraine will need billions of dollars in additional support if the fighting between the military and Russian-backed separatists in the country's east persists.

In its first in-depth assessment since granting the country a $17 billion bailout program in March, the IMF said Tuesday "risks loom large" for the country's economy.

It says the bailout program already faces a $3.5-billion funding shortfall through 2015, with the economy forecast to shrink by 6.5 percent this year. Analysts say Ukraine's gross domestic product might tumble even more.

It says if the fighting in the eastern region -- representing about 16 percent of Ukraine's GDP -- were to persist through next year, Kiev would likely need additional support worth $19 billion only to shore up its central bank reserves.

NEW NATURAL GAS PIPELINE

NEW YORK (AP) -- Dominion Resources, Duke Energy and other partners have proposed building a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.

Gas is being relied upon to generate more of the nation's electricity in recent years because the enormous new domestic supplies have drastically lowered its price and it burns cleaner than the nation's other most important fuel for electric power, coal.

The 550-mile project will begin in Harrison County, West Virginia and stretch to Robeson County, North Carolina, in the southern part of the state.

The partners, which included Piedmont Natural Gas and AGL Resources, expect to receive regulatory approval by mid-2016 and to start operating the pipeline in 2018.

HALLIBURTON-SPILL SETTLEMENT

HOUSTON (AP) -- Halliburton says it has agreed to pay $1.1 billion to settle a substantial portion of plaintiff claims arising from the 2010 Gulf of Mexico oil spill.

The settlement, which is subject to court approval, will be paid into a trust until appeals are resolved over the next two years.

Halliburton was BP PLC's cement contractor on the drilling rig that exploded in the Gulf in April 2010, killing 11 workers and triggering the largest offshore oil spill in U.S. history.

The deal will settle claims assigned to Halliburton as a result of BP's settlement in 2012 and punitive damages from the loss of property or commercial fishing activity resulting from the oil spill.

DOLLAR GENERAL-FAMILY DOLLAR

GOODLETTSVILLE, Tenn. (AP) -- Dollar General is boosting its bid for rival Family Dollar to approximately $9.1 billion and says it's now willing to more than double the number of stores it would shed to avoid trouble with regulators.

The newest bid from Dollar General is worth $80 per share, up from $78.50. Dollar General's previous bid, worth nearly $9 billion, was rejected by Family Dollar in favor of an offer of about $8.5 billion from Dollar Tree Inc.

Dollar General Corp. says it will now divest 1,500 stores to steer clear of antitrust issues. It previously said it would divest up to 700 stores. The Goodlettsville, Tennessee company has also agreed to pay a $500 million reverse break-up fee to Family Dollar Stores Inc. if the deal runs into antitrust roadblocks.

COMPUWARE-TAKEOVER

UNDATED (AP) -- Private equity firm Thoma Bravo is spending about $2.5 billion to buy Compuware and take the software developer private.

The companies say Compuware stock owners will receive about $10.92 for each share they own. That price includes mostly cash and some stock from Compuware spin-off Covisint.

It represents a premium of about 17 percent to the Detroit company's Friday closing price.

Compuware says its board unanimously approved the deal and recommends shareholders vote for it as well. Activist investor Elliott Management has already agreed to vote in favor of the deal. Elliott holds more than a 9 percent stake in Compuware Corp. and tried to acquire the company last year.

Thoma Bravo and Compuware expect the deal to close early next year.

Shares of Compuware are soaring in morning trading.

NORWEGIAN CRUISE LINE-PRESTIGE-ACQUISITION

NEW YORK (AP) -- Norwegian Cruise Line is getting into the luxury cruise business by acquiring Prestige Cruises International in a deal worth about $3 billion.

Prestige operates high-end cruise lines Oceania Cruises and Regent Seven Seas Cruises.

Norwegian Cruise Line Holdings Ltd., based in Miami, values the deal at $3.025 billion, when debt is included. Its shares are up more than 10 percent today.

Prestige is owned by the private equity firm Apollo Global management LLC, which also owns a large stake in Norwegian.

The deal is expected to close in the fourth quarter.

1-800-FLOWERS-HARRY & DAVID

1-800-FLOWERS buying Harry & David for $142.5M

CARLE PLACE, N.Y. (AP) -- 1-800-FLOWERS.COM Inc. is buying Harry & David for $142.5 million to help broaden the assortment of foods that its customers can choose as gifts.

The deal includes Harry & David Holdings Inc.'s brands, websites, 47 retail stores, some plants, orchards and its headquarters in Medford, Oregon.

Harry & David's fruit, food and other gifts are housed under brands including Wolferman's, Cushman's and its namesake. Products include Royal Riviera pears, Wolferman's specialty English muffins and Cushman's HoneyBells citrus gifts.

1-800-FLOWERS' brands already include Fannie May, Cheryl's and The Popcorn Factory.

The transaction is expected to close in October.

advertisement
Washington Times
advertisement