[Bush-Economy]
[ANCHOR=Kimberly]
[NEWSCAST=Mornin]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=Bush]
With Congress back in session and President Bush back at the White House, the number one domestic issue is how to fix the ailing economy.
(------------)
[VO-NAT]
[SUPER=03-Washington, DC;]
Today, Bush will announce his economic stimulus plan today in Chicago.
Spending 600- BILLION dollars over 10 years, the President's plan would accelerate tax cuts.
It would also eliminate the tax on stock dividends, news that helped the Dow shoot up over 170 points yesterday.
Democrats, meanwhile, say Bush's plan is a windfall for the rich.
(///// SOT /////)
[SOT]
[IN Q=The democrats' plan]
((REP. ROBERT MENENDEZ/D- NEW JERSEY: THE DEMOCRATS PLAN STIMULATES THE JOB MARKET.. THE PRESIDENT'S PLAN STUMULATES THE STOCK MARKET. ))
[SUPER=01-Rep. Robert Menendez/(D) New Jersey;]
[RUNS=:06 **estimated run time!]
[OUT Q=the stock market]
(------------)
[VO-NAT]
Yesterday, the Democrats revealed their own economic plan.
It includes payroll tax relief, small business tax cuts, and new aid for states to promote infrastructure and homeland security projects.
(------------)
[Congress]
[ANCHOR=Kimberly]
[NEWSCAST=Noon]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=none]
In other money matters, the 108th Congress will also focus on extending benefits for unemployed workers.
(------------)
[VO-NAT]
[SUPER=03-Washington, DC;]
Meanwhile, some new leaders will begin their duties today.
Bill Frist takes over as Senate Majority Leader after Trent Lott was forced to step down for making racially- inflammatory remarks.
In the House, Democrat Nancy Pelosi will be sworn in as House Minority Leader, making her the first woman to ever hold top leadership in Congress.
(------------)
[SOC-Promo]
[ANCHOR=Kim]
[NEWSCAST=morn]
[WRITER=ejo]
[TAPE#=None]
[GRAPHIC=none]
Virginia lawmakers are getting ready for the start of the General Assembly session.
(+++++++)
[Take State of Commonwealth FS]
Governor Warner presents his agenda tomorrow in his State of the Commonwealth message.
News 7 will carry his address live. We'll also have reaction from Richmond, and analysis from our studio in Roanoke. Our special coverage begins Wednesday at 7:00 PM.
(------------)
[11Water-conservation]
[ANCHOR=Kim]
[NEWSCAST=morn]
[WRITER=khu]
[TAPE#=02-55 TC08:19]
[GRAPHIC=Water Restrictions]
Water restrictions have come to end in Roanoke thanks to recent rain and snow-fall, as well as a record wet October.
(------------)
[VO-NAT]
[SUPER=03-Roanoke]
City officials have declared an end to water conservation, even going so far as to declare an official end of the drought.
With Carvins Cove at 74-percent capacity- -about normal for this time of year- -Roanoke quit paying Roanoke COUNTY for water yesterday.
It was more than just a rainy autumn that filled the pond.
The city's utilities director says the rest of the story is spelled out in just two words: Crystal Spring.
(///// SOT /////)
[SOT 11:17:02]
[IN Q=That certainly had ]
((MIKE MCEVOY/UTILITIES DIRECTOR; THAT CERTAINLY HAD A BIG IMPACT. TRADITIONALLY CRYSTAL SPRING HAS BEEN ABOUT 20% OF OUR WATER SUPPLY HERE IN THE VALLEY.))
[SUPER=01-Mike McEvoy/Utilities Director; ]
[RUNS=:06]
[OUT Q=in the Valley]
(------------)
[VO-NAT]
New wells on city property will also help. As of today Carvins Cove stands at 9-point-2 feet below the spillway.
(------------)
[11SOL]
[ANCHOR=Kim]
[NEWSCAST=morn]
[WRITER=mjo]
[TAPE#=none]
[GRAPHIC=None]
More Virginia students will have to take the Standards of Learning tests.
The state Board of Education has given preliminary approval to its plan complying with the federal "No Child Left Behind" Act.
The public school accountability law will require Virginia to add S-O-L tests in grades four, six and seven.
The tests are already given in grades three, five and eight.
[11NRV-Snow]
[ANCHOR=Kim]
[NEWSCAST=morn]
[WRITER=dse]
[TAPE#=02-53 TC10:59]
[GRAPHIC=Winter Weather]
The latest snow hit some parts of the viewing area hard.
(------------)
[VO-NAT]
[SUPER=03-Pulaski]
The hardest hit areas are in far Southwest Virginia, the New River Valley and the Alleghany Highlands.
This was the scene in the town of Pulaski yesterday, but other areas such as Wythe, Bland, Grayson and Smyth Counties got even more snow.
If your traveling this morning, VDOT reports I-77 in Bland County is snow-covered.
State Police say most primary roads are clear or wet, but many secondary roads are snow-covered or icy.
(------------)
(weather toss)
[Marketwatch]
[ANCHOR=Kimberly]
[NEWSCAST=Morn]
[WRITER=chr]
[TAPE#=NET]
[GRAPHIC=US Airways]
In business news, Papers filed in federal bankrutcy court show U-S Airways' revenue declined in November while its net loss widened.
To help deal with its budget problems, the carrier is reducing the size of its operations and flight schedule at Orlando International Airport.
That should save about 18 million dollars a year.
[GRAPHIC=Business News]
In other news, both the Dow and Nasdaq posted gains yesterday.
Ed Crane has that story and more in this morning's Marketwatch.
(/////SOT/////)
[SOT]
[IN Q=]
[SUPER=01-Ed Crane/Reporting; :00]
[RUNS=1:15]
[OUT Q=I'm EC, CBS Marketwatch, NY]
((GOOD MORNING.THE YEAR IS YOUNG, BUT SO FAR SO GOOD FOR THE MARKETS. AFTER 3
DAYS OF TRADING IN THIS NEW YEAR, THE DOW 'S AHEAD 5 PERCENT, THE NASDAQ
ALMOST 6 AND A HALF .
AFTER THAT TEN DAY HOLIDAY VACATION PERIOD, WALL STREET WAS BACK TO FULL
STRENGTH MONDAY AND THERE WAS SOME PENT UP DEMAND.
(GR)
THE DOW CLIMBED 171 POINTS, AN EVEN TWO PERCENT,
(GR)
THE NASDAQ TACKED ON 34 POINTS...ALMOST 2 AND A HALF PERCENT.
(OC)
INVESTORS ARE GETTING REPORTED SNIPPETS OF THE PRESIDENTS ECONOMIC STIMULUS
PACKAGE, INCLUDING A ROLL BACK OF TAXES PAID ON STOCK DIVIDENDS.
(GR)
THAT MEANT MIXED NEWS FOR SHARES OF COMPANIES WHICH PAY HEALTHY DIVIDENDS
INCLUDING PHILLIP MORRIS, GM AND J-P MORGAN CHASE.
(OC)
MR BUSH OUTLINES THE PLAN LATER TODAY IN A SPEECH HE'LL MAKE IN CHICAGO.
(GR)
WIRELESS STOCKS STARTED THE WEEK ON A HIGH NOTE, FUELED BY SPECULATION THAT
THE GOVERNMENT MAY REMOVE SOME REGULATORY HURDLES. S-B-C, VERIZON AND BELL
SOUTH WERE ALL HIGHER.
(GR)
CHIP STOCKS ALSO HAD A GOOD DAY AFTER A BUY RATING FROM DOY-CHA BANK ON
THREE OF THEM, APPLIED MATERIALS, NOVELLUS AND LAM RESEARCH.
(GR)
COMPUTER STOCKS CLOSED MIXED, DELL AND IBM HIGHER BUT GATEWAY IS DOWN ON
WORD FROM THE COMPANY'S CHAIRMAN THAT GATEWAY WILL RE-EVEULATE IT'S
MARKETING STRATEGY AND IS EMBARKING ON ANOTHER MANAGEMENT SHAKEUP.
(OC)
THERES BEEN A BIG STEEL DEAL. THE W-L ROSS SUBSIDIARY INTERNATIONAL STEEL
IS BUYING THE ASSETS OF BANKRUPT BETHELEHEM STEEL FOR ABOUT A BILLION AND A
HALF DOLLARS.
(GR)
GET MORE AT CBS DOT MARKETWATCH DOT COM...
(OC)
I'M ED CRANE, NY.))
(tape tosses to stocks)
[STOCKS]
[COMM]
[War-Preps]
[ANCHOR=Kimberly]
[NEWSCAST=Mornin]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=none]
Thousands of Marines, sailors and soldiers have shipped out for a possible war with Iraq.
(------------)
[VO-NAT]
[SUPER=03-Fort Benning, GA;]
About 350 Army soldiers left Fort Benning in Georgia for the long journey to Kuwait.
Thouasnds more from the Third Infantry Division are expected to make the same trip over the next week.
The troops are specialists in desert warfare.
[SUPER=03-Baltimore, MD;]
Earlier, the Navy's giant hospital ship, U-S-N-S "Comfort" left Baltimore and set sail for the Indian Ocean.
(------------)
[Brushfire]
[ANCHOR=Kimberly]
[NEWSCAST=Mornin]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=none]
The harsh Santa Ana winds are fanning wildfires in Southern California.
(------------)
[VO-NAT]
[SUPER=03-Malibu, CA;]
Winds gusting up to 70 miles an hour have toppled trees and power lines, and are blamed for at least two deaths.
The fire in Malibu is threatening about 250 homes.
Officials believe a downed power line sparked the fire.
Electricity has also been cut off to a quarter of a million residents.
(------------)
[6-Custom-Meats]
[ANCHOR=Kim]
[NEWSCAST=morn]
[WRITER=rca]
[TAPE#=02-41 TC1:50:45]
[GRAPHIC=None]
Another long time New River Valley business is getting ready to close up shop.
For 30-years, Custom Meats has been filling the demand for meat processing in the region but now hunters and restaurants may have to look elsewhere.
Business Reporter Rachel Cannon says the owner and his customers are hoping someone will keep the process going.
(///// SOT /////)
[SOT]
[IN Q=NATS]
[SUPER=03-Montgomery Co.; :00]
[SUPER=01-Larry Linkous/Owner; :14]
[SUPER=01-Richard McCoy/Customer; :46]
[SUPER=@Rachel2; :55]
[RUNS=1:27]
[OUT Q=RC, News 7, Montgomery County.]
(( Larry Linkous was only 20-years old when he opened Custom Meats in 19-73.
Over the last three decades, he's processed beef, pork and venison for generations.
(///// SOT /////)
[SOT 00:26:23]
[IN Q=we're]
((LARRY LINKOUS/OWNER; WE'RE NOW DOING PROCESSING FOR GRANDSONS WE DID THEIR GRANDFATHER'S YEARS AGO WE'VE HAD THAT GREAT RELATIONSHIP WITH OUR CUSTOMERS AND I THINK THAT'S WHY WE'VE BEEN SUCCESSFUL TOO.))
[OUT Q=TOO]
Too much success is the reason Linkous needs to leave the shop February First.
He has two other ventures and just not enough time for all three.
NATS
Business at Custom Meats is booming, especially this time of year, just days after deer season ended.
This year alone, more than 13-hundred deer will be processed in the Merrimac facility.
(///// SOT /////)
[SOT 00:18:46]
[IN Q=THEY GO]
((RICHARD MCCOY/CUSTOMER; THEY GO OUT OF THEIR WAY FOR THE CUSTOMER SO IT'S A GOOD PLACE TO BRING THINGS AND THERE ARE NOT A LOT OF PLACES THAT PROCESSES MEAT CLOSE IN THE AREA.))
[OUT Q=THE AREA.]
Because of that, Linkous is anxious to find a new owner.
He feels a sense of loyalty to his customers and would like to see services continue.
The business is for sale and the building if for rent.
Linkous says future opportunity is there.
(///// SOT /////)
[SOT 00:24:23]
[IN Q=tyhe deer]
((THE DEER IS ON THE INCREASE ITS GOING TO CONTINUE TO INCREASE THE DEER POPULATION THE REGULATIONS ARE BECOMING MORE LIBERAL THE SEASONS ARE BECOMING LONGER SO THE DEER IS GOING TO CONTINUE TO BE MORE PROCESSING.))
[OUT Q=PROCESSING]
This pro willing to train someone, by showing them the cuts of the business.
Rachel Cannon, News 7, Montgomery County.))
[11Ward-Burton]
[ANCHOR=Kim]
[NEWSCAST=morn]
[WRITER=mmu]
[TAPE#=02-46 TC1:13:27]
[GRAPHIC=None]
NASCAR driver Ward Burton is now a spokesperson for Virginia's state parks.
(------------)
[VO-NAT]
[SUPER=03-Richmond]
Burton, who lives in Halifax County, will appear in promotional spots for the state's award-winning park system.
The current Daytona 500 champion is an avid outdoorsman and says he and his family are frequent visitors to Virginia's parks.
(/////SOT/////)
[SOT NAT SOUND]
[IN Q=]
[SUPER=04-Virginia State Parks Public Service Announcement; :00]
[SUPER=@MarkWarner; :06]
[RUNS=:20]
[OUT Q=VIRGINIA STATE PARKS.]
(------------)
[VO-NAT]
The spots will run on more than one hundred television and radio stations across the state beginning on February first.
(------------)
[11Horton]
[ANCHOR=Kim]
[NEWSCAST=morn]
[WRITER=rre]
[TAPE#=02-44 TC2:01:18]
[GRAPHIC=None]
The Roanoke Valley lost a longtime weather forecaster over the weekend.
While many ham radio operators knew Fre Horton by his call sign, K-Z-4-Y, he was also the meteorologist in charge for the National Weather Service at Woodrum Field for more than 30 years.
He delighted in the changing weather patterns of the valley....
(------------)
[VO-NAT]
[SUPER=03-Roanoke/1978]
...and was always thinking happy thoughts. This was his assesment of a winter storm in 1978.
(///// SOT /////)
[SOT]
[IN Q=First let's say....]
[SUPER=01-Fred Horton/Roanoke Meteorologist 1950-1983]
[RUNS=:14]
[OUT Q=was a nice fluffy snow.]
(------------)
[ANCHOR=Kim]
[SS=None]
Fred also provided emergency radio communications during the flood of 85. A member of the Roanoke-Hollins Rotary Club, Fred had perfect attendence for 46 years. Horton died after a short illness, he was 84.
(Kim tosses to break)
[NO Bump, No Music]
[COMM]
[Paws-Claws--Domestic violence pkg]
[ANCHOR=Kimberly]
[NEWSCAST=Mornin]
[WRITER=kmc]
[TAPE#=net]
[GRAPHIC=Paws and Claws]
Of the services offered by the S-P-C-A, here's one you might not be familiar with--
(++++++++)
[PAWS AND CLAWS]
In this week's "Paws and Claws" segment, we'll learn how the S-P-C-A's across the country offer shelter to animals that are victims of domestic violence.
Nancy Holland reports.
(///// SOT /////)
[SOT]
[IN Q=]
[SUPER=03-Houston, TX;]
[SUPER=01-Karen Curlee/Houston Area Women's Shelter;]
[SUPER=01-Brenda Davis/PetSafe User;]
[SUPER=01-Nancy Holland/Reporting;]
[RUNS=2:24]
[OUT Q=Holland for CBS News.]
(Tape tosses to bump)
[WINNER ANNOUNCE NEXT]
[11Custom-Meats]
[ANCHOR=Kim]
[NEWSCAST=morn]
[WRITER=rca]
[TAPE#=02-41 TC1:52:35]
[GRAPHIC=None]
A local business owner is hoping someone will buy and continue his successful meat shop.
(------------)
[VO-NAT :17]
[SUPER=03-Montgomery Co.;]
Larry Linkous is closing Custom Meats after 30-years in business.
The Merrimac location processes beef, pork and venison for hunters and restaurants in the region.
Linkous says he would like to find someone to take over since he has such a large, loyal customer base.
(///// SOT /////)
[SOT 00:25:45 - :55]
[IN Q=the business]
((LARRY LINKOUS/OWNER; THE BUSINESS IS HERE THERE IS NO QUESTION SOMEONE CAN STEP RIGHT IN AND HAVE A GOOD, NO CONCERN, AND I'M WILLING TO WORK WITH SOMEONE AS FAR AS TRAINING THEM GUIDING THEM TO HELP THEM GET STARTED.))
[SUPER=01-Larry Linkous/Owner;]
[RUNS=:12]
[OUT Q=THEM GET STARTED.]
(------------)
[VO-NAT]
Linkous says because there are few processing sites in the area, the deer population is rising and the hunting season is longer, business may get even better.
Custom Meats closes on February First if a buyer isn't found.
Linkous says its hard to leave the shop but that he needs to focus on his other ventures.
(------------)
[WIPE WIPE WIPE WIPE]
[11Triangle-Lanes]
[ANCHOR=Kim]
[NEWSCAST=morn]
[WRITER=myr]
[TAPE#=02-49 TC38:28]
[GRAPHIC=none]
[WIPE WIPE WIPE WIPE]
(------------)
[VO-NAT]
[SUPER=03-Christiansburg;]
The man who started a Christiansburg landmark said his final goodbyes yesterday.
Herbert Alcorn bowled the first frame at Triangle Lanes when it opened more than 40-years ago, and yesterday he bowled the last.
Alcorn says business was good up until five years ago, when a newer and larger bowling alley opened up nearby.
But folks will still see the Triangle Lanes name.
Alcorn says he will move some of his equipment and the actual Triangle Lanes sign into his other bowling alley in Pulaski.
(------------)
by SS