A group that wants to save Victory Stadium will make its case to Roanoke City Council later today.
"Citizens for a Sensible Stadium Decision" went public about their hopes of renovating Victory Stadium about two months ago.
Since then, they've gathered more than 5- thousand signatures in hopes that city council will grant them a referendum.
(///// SOT /////)
[IN Q=We think it's]
((BRIAN WISHNEFF/CITIZENS FOR A SENSIBLE STADIUM DECISION: WE THINK IT'S THE FIRST TIME IN THE HISTORY OF THE CITY THAT SUCH A PUBLIC FACILITY WAS GONNA BE BUILT WITHOUT A REFERENDUM. I MEAN EVEN THE CIVIC CENTER IN ROANOKE TOOK THREE REFERENDUMS BEFORE IT PASSED AND REALLY IT'S UNPRECEDENTED TO SPEND THIS KIND OF MONEY.))
[SUPER=01-Brian Wishneff/Citizens for a Sensible Stadium Decision;]
[OUT Q=kind of money]
The city has already put plans in motion for a new Stadium- Amphitheater.
But Citizens for Victory Stadium say they want to put the issue on the ballot so residents can decide how to proceed.
City council will hear from the group tonight 7 o'clock in the Municipal Building.
Residents of Smith Mountain and Leesville Lakes can see how A-E-P's shoreline management plan will affect their property at two public meetings this week.
[SUPER=03-Franklin Co.; ]
The first meeting will be held on Wednesday at Altavista High school from three to eight P-M.
The second meeting will be held on Thursday at Resurrection Catholic church in Moneta from noon until eight P-M.
Franklin County's administrator says residents who need assistance will be helped.
(///// SOT /////)
[IN Q=County staff ]
[SUPER=01-Richard Huff/Franklin Co. Administrator; ]
((COUNTY STAFF INTENDS TO BE THERE WITH THE COUNTY MAPPING, PEOPLE TO LOOK UP THE IMPACT SPECIFICALLY ON THEIR PARCEL, TO TRY TO ASSIST WITH THAT INFORMATION PROCESS.))
[OUT Q=information process.]
A-E-P will be taking public comment on its proposal through August 15th.
This week, the government will begin mailing checks to families with children.
The 400- dollar- per child checks are a tax credit, intended to stimulate the economy.
But what the federal government gives, the states may take away.
The 12- billion dollars in child tax credits are part of President Bush's 350- billion- dollar tax cut package.
This weekend, Bush predicted the cuts will provide a boost to the economy and create more jobs.
But a third of the money families are getting back from the federal government may be going straight to the state.
(///// SOT /////)
[IN Q=I figure for every]
((ED YARDENI/PRUDENTIAL FINANCIAL:I FIGURE FOR EVERY THREE DOLLARS OF STIMULUS THAT THE FEDERAL
GOVERNMENT IS THROWING AT US....STATE AND LOCAL GOVERNMENTS ARE PROBABLY GOING TO TAKE BACK A DOLLAR. ))
[SUPER=01-Ed Yardeni/Prudential Financial;]
[OUT Q=take back a dollar.]
Some states will take back more, depending on their budget deficit.
Another four U-S soldiers are dead as tensions run high in Iraq. This morning, a soldier from the First Armored Division and Iraqi interpreter were killed in a granade and gun attack in northern Baghdad.
A top American commander predicts that resistance will grow in the coming months as the new government takes shape, and causes anxiety among those loyal to Saddam Hussein.
[SUPER=03-Near Baghdad, Iraq;]
Yesterday, thousands of demonstrators took to the streets to protest the newly- formed governing council of Iraq.
On the same day, two U-S troops were killed in an ambush attack.
A third died in a vehicle accident.
In business news, Many companies are getting ready to release their profit reports this week.
Alexis Christoforous has that story and more in this morning's Marketwatch.
[SUPER=01-Alexis Christoforous/Reporting; :00]
[OUT Q=in New York.]
((Investors find themselves in the thick of earnings season this week.
Over 1200 companies are due to post their quarterly profit reprots this
week including Amazon.com, Aol Time Warner, Boeing, Ebay and Texas
Stocks ended a rough week with a rally.. thanks to some positive news
from Microsoft and McDonald's.
The dow raced ahead 137 points
and after falling 3 percent Thursday, the nasdaq rose 10 points.
Acclaim Entertainment and Activision each said independently Friday that
they are included in a formal accounting probe by the Securities and
Exchange Commission of video game makers and distributors. Leading games
maker Electronic Arts wouldn't say whether it was included in
The Computer maker Dell changed its name,but no to issuing a shareholder
dividend. The texas based company has dropped "Computer" from its name
and will now be know as Dell Inc.
and Mattels earnigns were in line with estimates.. up 6.6 percent
despite a 4 percent drop in worldwide sales led by slumps in the Barbie
brand and Hot Wheels.
Nba star kobe bryant has more than 20 mln dollars in endorsement deals..
but now that Bryant has been formally charged with sexually
assaulting a 19-year-old woman shares of the company's he hawks could be
affected.. kobe currently has contracts with Nike, Coca Cola,
McDonald's and Spaulding... those could be stocks to watch this week.
track all the premarket action at cbs.mw.com.. in new york i'm ac.))
(tape tosses to stocks)
Monsoonal rains have killed dozens of people in Bangladesh.
Many there are also facing the threat of waterborne diseases like cholera, as flood waters submerge sewers and clean water supplies.
Water- borne diseases have already killed at least 10 people in the recent flooding.
Meanwhile, a typhoon is inching closer to already flood- stricken areas on the South China Sea.
Heavy rains triggered flooding over the weekend, leaving one person dead and another missing.
Floods have already killed nearly 600 people in China this year.
Meanwhile, not enough rain is causing new wildfires to pop up in the West--
Authorities say an off- road vehicle sparked a blaze that's burning 11- hundred acres of cattle country in San Luis Obispo, California.
250 people were evacuated.
The driver's been cited for having a modified exhaust system.
In eastern Washington state, residents of about 20 homes are
spending the night in a church after fire crews evacuated the area.
More than a hundred people gathered at Danville's Community Market yesterday in an effort to save their jobs and their community.
Goodyear union employees have been working without a contract since April.
They hope to reach an agreement with the company soon, but in the meantime, they say the federal government needs to stop sending jobs overseas.
State lawmakers agree, but say more can be done to help Southside's economy.
(///// SOT /////)
[IN Q=On the state level there]
[OUT Q=many as we would like]
Goodyear is one of the largest employers in Southside.
Employees say closing any of the company's 14 locations would place a huge strain on the community.
Every hometown has a story behind how it got started. And Collinsville is no different.
On today's "Your Hometown" report, Brent Watts sheds some light on the mystery behind the Henry County community.
(///// SOT /////)
[IN Q=If you've driven...]
[SUPER=01-Desmond Kendrick/Henry Co. Archivist; :19]
[OUT Q=...for News-7 Mornin.]
Brent's next stop will be the community of New Castle in Craig County.
(Kim tosses to bump)
Dozens of U-S Marines will arrive in Liberia later today.
The military has deployed a 41-member Marine contingent to bolster security at the U-S Embassy.
The action comes as government and rebel fighters trade fire in an all-out battle for the African nation's war-ruined capital city.
In business news, Stocks bounced back Friday.
Stan Case has more in today's business brief.
(///// SOT /////)
[SUPER=01-Stan Case/Reporting; :]
[OUT Q=I'm Stan Case.]
((BULLISH COMMENTS ON SOME RECENTLY DEPRESSED STOCKS PUSHED THE DOW HIGHER ON FRIDAY FOR A THIRD CONSECUTIVE WEEK OF GAINS.
THE NASDAQ WAS HIGHER FOR THE SESSION, BUT COULDN'T PULL IT OFF FOR THE WEEK.
THE DOW GAINED 137 POINTS ON THE DAY...
THE NASDAQ ADDED TEN-AND-A-HALF.
THE UNIVERSITY OF MICHIGAN'S CONSUMER SENTIMENT INDEX ROSE TO 90-POINT-THREE IN JULY UP FROM 89-POINT-SEVEN IN JUNE.
ECONOMISTS SAY LOW INTEREST RATES AND OTHER FACTORS CONTRIBUTED TO THE SLIGHT UPTICK IN CURRENT CONFIDENCE.
CONSUMERS WEIGHED IN LESS OPTIMISTICALLY ABOUT THE FUTURE. ECONOMIC EXPECTATIONS FOR THE NEXT 12-MONTHS SCORED JUST 82-POINT-SEVEN-- DOWN FROM JUNE'S 84-POINT-FOUR.
MATTEL HAS REPORTED SECOND QUARTER EARNINGS OF FIVE-CENTS A SHARE.
THAT'S UP FROM FOUR-CENTS A YEAR AGO.
DECREASED DEMAND PRODUCED SALES THAT WERE OFF BY NEARLY FOUR-AND-A-HALF-PERCENT COMPARED TO LAST YEAR'S QUATER.
MATTEL MANUFACTURES BARBIE DOLLS, HOT WHEELS AND MATCHBOX TOYS.
FORD MOTOR COMPANY IS LOOKING AT A PLAN TO DOWNSIZE ITS WORK FORCE.
THE NUMBER TWO U-S AUTO MAKER ANTICIPATES ELIMINATING TWO-THOUSAND WHITE COLLAR JOBS FROM ITS NORTH AMERICA DIVISIONS THIS YEAR.
THE COMPANY SAYS THE MOVE WOULD CUT COSTS AND HELP TO MEET LONG RANGE EXPECTATIONS.
FORD RECENTLY REPORTED A 27-PERCENT DROP IN SECOND QUARTER EARNINGS.
WITH THE BUSINESS BRIEF, I'M STAN CASE.))
[TAPE TOSS TO STOCKS]
It was a good weekend for film producer Jerry Bruckheimer.
His movies took first and second place at the box office.
[SUPER=04-"Bad Boys" - Columbia;]
Will Smith and Martin Lawrence reunited on the big screen for "Bad Boys Two"
The movie was the top box office draw.
It took in nearly 47 million dollars during its opening weekend.
[TAKE FS CHYRON]
[SUPER=77-Bad Boys II/46.7/Pirates of the Caribbean/33.3/The League of Extraordinary Gentlemen/10.1/Johnny English/9.3/
Bruckheimer's other film, Pirates of the Carribean slipped to second place. The League of Extraordinary Gentlemen finished third. And Johnny English and Terminator 3 rounded out the top 5.