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 5 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.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Thursday, May 16 2013 9:49 PM EDT2013-05-17 01:49:53 GMT
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Mayor Emanuel will celebrate two years in office by unveiling "Elevate Chicago" on Thursday, a series of construction projects to improve Navy Pier and McCormick Place.
Monday, February 25 2013 1:41 PM EST2013-02-25 18:41:37 GMT
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Just as Oscar host Seth MacFarlane set his sights on a variety of targets with a mixture of hits and misses, the motion picture academy spread the gold around to a varied slate of films.
Wednesday, May 22 2013 4:45 PM EDT2013-05-22 20:45:11 GMT
The attorney for an 87-year-old woman who accuses Donald Trump of cheating her in a skyscraper condo deal told Chicago jurors on Wednesday that the "Apprentice" star lied on the witness stand.
Jurors have withdrawn to begin deliberations about whether Donald Trump cheated an 87-year-old who claims the "Apprentice" star cheated her in property deal.
Wednesday, May 22 2013 4:40 PM EDT2013-05-22 20:40:24 GMT
The Chicago Board of Education made its final decision Wednesday afternoon - to close 48 Chicago Public Schools in June, with one school delayed a year and to save five others.
The Chicago Board of Education made its final decision Wednesday afternoon - to close 48 Chicago Public Schools in June, with one school delayed a year and to save five others.
Wednesday, May 22 2013 2:03 PM EDT2013-05-22 18:03:42 GMT
Protesters of Mayor Rahm Emmanuel's plan to close dozens of city schools have been removed from a school board meeting in Chicago and from the State Capitol in Springfield.
Protesters of Mayor Rahm Emmanuel's plan to close dozens of city schools have been removed from a school board meeting in Chicago and from the State Capitol in Springfield.
Wednesday, May 22 2013 12:14 PM EDT2013-05-22 16:14:22 GMT
A 19-year-old former student at Glenbard East High School in Lombard has been charged with planning to commit an act of violence at the school, DuPage County prosecutors announced Wednesday.
A 19-year-old former student at Glenbard East High School in Lombard has been charged with planning to commit an act of violence at the school, DuPage County prosecutors announced Wednesday.
Wednesday, May 22 2013 4:31 PM EDT2013-05-22 20:31:37 GMT
An Army soldier has been charged with secretly photographing and videotaping women at the U.S. Military Academy at West Point, including in a bathroom.
An Army soldier has been charged with secretly photographing and videotaping women at the U.S. Military Academy at West Point, including in a bathroom.
Wednesday, May 22 2013 1:00 PM EDT2013-05-22 17:00:29 GMT
An emotional funeral service has been held for a Hofstra University student who was accidentally shot by police.
An emotional funeral service has been held for a Hofstra University student who was accidentally shot by police. Andrea Rebello's family followed the pastor Wednesday as he led her white cloth-draped coffin to the altar at St. Teresa of Avila Church in Sleepy Hollow, N.Y.
Wednesday, May 22 2013 12:55 PM EDT2013-05-22 16:55:01 GMT
Jersey shore town is celebrating a milestone as it rebuilds from Superstorm Sandy. Belmar officials will reopen their 1.3-mile boardwalk that was destroyed by the October storm.
Jersey shore town is celebrating a milestone as it rebuilds from Superstorm Sandy. Belmar officials will reopen their 1.3-mile boardwalk that was destroyed by the October storm.
Wednesday, May 22 2013 12:27 PM EDT2013-05-22 16:27:26 GMT
Black and Hispanic men are more likely to be stopped in the Bronx and Brooklyn than other boroughs, according to an analysis of police street stop data released Wednesday by the New York Civil Liberties Union.
Black and Hispanic men are more likely to be stopped in the Bronx and Brooklyn than other boroughs, according to an analysis of police street stop data released Wednesday by the New York Civil Liberties Union.
Wednesday, May 22 2013 12:10 PM EDT2013-05-22 16:10:42 GMT
The NYPD arrested a suspect in the latest anti-gay attack in the city, said police.
The NYPD arrested a suspect in the latest anti-gay attack in the city, said police. The incident Monday night involved two men, who police say, had met at the Bowery Mission and went out drinking together in the East Village. Roman Gornell, 39, was arrested on Wednesday.
Wednesday, May 22 2013 8:23 AM EDT2013-05-22 12:23:21 GMT
Ex-congressman Anthony Weiner whose career imploded after raunchy tweets said in a YouTube video announcement that he's in the New York City mayoral race.
Ex-congressman Anthony Weiner whose career imploded after raunchy tweets said in a YouTube video announcement that he's in the New York City mayoral race. A poll released Wednesday placed Weiner in second place behind City Council Speaker Christine Quinn in a Democratic primary.
Wednesday, May 22 2013 8:10 AM EDT2013-05-22 12:10:21 GMT
Commuter rail service from Connecticut to New York City, along with Amtrak service between Boston and New York, was back on schedule Wednesday morning on one of the nation's oldest and most heavily traveled railways.
Commuter rail service from Connecticut to New York City, along with Amtrak service between Boston and New York, was back on schedule Wednesday morning on one of the nation's oldest and most heavily traveled railways.
