Overcast
64FOvercastFull Forecast

Emanuel urges mayors to divest from gun companies

CHICAGO (AP) — Mayor Rahm Emanuel is urging mayors nationwide to follow Chicago's lead and sever ties with companies that make or sell assault weapons.

Emanuel says mayors have first-hand knowledge of the damage the weapons cause. He told a meeting of the U.S. Conference of Mayors on Saturday that there's no return on investment great enough to justify support for the companies.

Last week, Emanuel ordered a portfolio analysis of five pension and retirement funds for Chicago employees to determine if they include investments in gun makers. He has asked the Chicago Transit Authority, Chicago Housing Authority and the park district to do the same.

The Chicago Teachers' Pension Fund board voted last week to divest its $146,000 in investments from two companies.

Comments

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments

Reader Poll

How many times will you visit a haunted attraction this fall?
One or two
Three or four
Five or six
Seven or more
Zero