http://www.digitaljournal.com/article/341542

Philadelphia Mayor announces city will divest from gun retailers

Posted Jan 17, 2013 by Eric Morales
Mayor Michael Nutter of Philadelphia has proposed 20 principles to curb gun violence, one measure includes 'economic divestment' against gun manufacturers or retailers - including companies like Walmart.
File photo of a gun store
File photo of a gun store
Mayor Nutter is unveiling a plan that he calls the 'Sandy Hook Principles,' they are 20 measures that his office is prepared to take to end the city's gun violence.
One measure that is sure to spark controversy, includes a proposal to withdrawal money the Philadelphia pension fund invests in gun manufacturers, and distributors. Solicitor Shelly Smith will introduce a resolution next week, that the pension fund board adopt the Sandy Hook Principles according to The Inquirer.
The Nutter plan would see the city pull its funds out of companies that sell weapons - companies such as mega retailer Walmart - unless they commit to performing universal background checks, and agreeing to other measures.
Mayor Rahm Emmanuel, President Obama's former Chief of Staff as well as the states of Massachusetts and New York are also pursuing similar proposals of divestment.
Another principle states that a company must agree to only manufacture guns with serial numbers in four separate locations, with two somewhere inside the gun, in two separate places.
In December of 2012 alone over 100 people were shot in the city of Brotherly Love. The youngest victim was a 4-year-old boy whose father was also shot, according to statistics from the GunCrisis Reporting Project. The number of victims is down from October, which saw 111 shot.
Mayor Michael Nutter is serving his final term in office as Mayor of Philadelphia, defeating his primary challenger in the heavily Democratic city, Milton Street by 52% of the vote.
Video of Mayor Nutter announcing his plan is below.