A gun-carrying grandmother in Milwaukee foiled an attempted robbery when she pulled a firearm on the suspect as he grabbed for her grocery store cash register.
Ernestine Aldana, 48, was behind the counter at the San Ignacio Market when a man in a dark hat pulled a knife on her and attempted to rob the store register, police said. Aldana pulled a handgun from behind the counter on the man, causing him to flee.
Americans use guns every day to stop mayhem. It’s nice to see some of those incidents reported in the news during the on-going gun control debate.
Cato hosted a book forum the other day for Craig Whitney’s Living with Guns: A Liberal’s Case for the Second Amendment. Since Whitney is a former reporter for the New York Times, I took the opportunity to ask him why reporters will ignore stories in which civilians use guns in self-defense or even write stories that omit the details where a civilian used a gun to stop a criminal attack. For example, the newspaper article might say something like “students were able to subdue the gunman” instead of letting readers know that “students had carry permits and used their own weapons to confront the gunman, who then surrendered.”
Whitney’s reply (at the 70:30 minute marker) was that it was just bad reporting. But it wasn’t one reporter who botched one story; dozens of stories have made the same “error.” And I supplied just a single incident—there are others. I agree with Whitney that it is not a liberal conspiracy, but I do think there’s a bias at work here. And think about the consequences: the average American is bombarded with news stories about criminals using guns in violent attacks, but there’s very little reporting when an ordinary civilian uses a gun to put a stop to a criminal attack. No wonder polls jump around.
To learn more, check out the paper Cato published last year that compiled scores of cases where civilians used guns to defend themselves.
Update II: Indiana home invasion ends with victim getting gun and shooting at suspects.
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The anger surrounding the sharp decline in the value of Facebook shares deepened yesterday when investors who have lost millions discovered that its founder apparently saved more than £110m by selling early.
Mark Zuckerberg, the social network’s founder, sold shares in the company worth £720m on Friday, the day it floated on New York’s Nasdaq stock market. But the price plummeted soon afterwards, from the $38 a share (£23.95) at which Mr Zuckerberg sold his stock. The price difference meant Mr Zuckerberg saved £111m by getting out early.
The shares closed at $32 on Wednesday, 15 per cent below the float price.
Some investors are now suing Facebook and the banks that organised its public listing for not revealing information about the firm’s financial health prior to flotation. One of the lawsuits filed in New York by three investors alleges that the company’s documents about its initial public offering, or IPO, included various statements that were not true.
A major point of contention is the claim that a "severe reduction in revenue growth" – linked to the growing numbers of users accessing the website on mobile phones rather than computers – was concealed.
Facebook, which is being sued as a company along with Mr Zuckerberg, other leading executives at the company and its lead underwriters – Morgan Stanley and Goldman Sachs – has denied the claims. Another lawsuit filed in California claims Facebook and its banks actively misled investors. The banks deny any wrongdoing.
However, the claim that Mr Zuckerberg was able to profit by selling his shares in the knowledge that the share value would likely decline, while others bought in without the benefit of the facts, has heightened the controversy.
It has even led to the term "Zucked" being coined to describe what happened to the investors who lost money.
The US Senate Banking Committee has announced it is to investigate the affair, after which its chairman, Senator Tim Johnson, will decide if public hearings should be held.
http://www.independent.co.uk/news/busin … 86269.html
Statistics: Posted by yoda — Sun May 27, 2012 8:30 am
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