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Shell game

Bill Ritter's daily take on the news.
August 1, 2012 1:22:03 PM PDT
The Mayor sees no contradiction, but it does strike many as a tad strange that one of the country's leading gun-control advocates - New York's Mayor Bloomberg - is condoning the City's selling of empty bullet shell casings, tons of them, from the NYPD's shooting range, to an ammunition dealer in Georgia.

Mr. Bloomberg is the first - often to cheers - to hope on the soap box and rail against guns, especially illegal weapons. But now the New York Times report - and we're all over it - that the City has sold 28,000 pounds of casings to a store in Georgia, that reloads them with bullets and sells them to the public dirt cheap. We're talking 50 bullets for about $15.

One wonders, of course, that if ammo were heavily taxed - say something along the lines of $500 a bullet - whether that might put some kind of dent in this nation's gun violence. But perhaps that's a discussion for later.

Anyway, the requirements to buy handgun ammo in Georgia are not all that tough. In fact there's pretty much just one: You have to be 21.

Brutal, right?

Tonight at 11, we have reaction.

For those who live on interest on their savings - it's not such good news. For those who pay interest on lines of credit and the like- you're cheering.

The Fed today said that because the economy has slowed this year, it will not raise interest rates at least through 2014. But it also refrained from taking any action to stimulate the economy. It would be better, of course, for the economy to be growing. Just ask Barack Obama.

And finally - if you're wondering wassup with the Yankees, call their recent slide part of a pattern. An Olympic pattern. So far in this Summer Olympics week the Yanks are 1-4. In 2008's Olympics the team went 7-9. In '04 they were 8-8. And in 2000 the Yankees were 3-14. Of course in 2000, they went on to win the World Series, against the Mets.

I'm just sayin'.

We'll also have any breaking news of the night, plus Meteorologist Lee Goldberg's AccuWeather forecast (and the aftermath of today's storms and flooding), and Rob Powers with the night's sports. I hope you can join Liz Cho (in for Sade) and me, tonight at 11.

BILL RITTER

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