The stock market goes into a tailspin.
Coming up on NEWS 7 at SIX: We'll show you the red ink.
And we'll visit a school where you've got to wear an I-D badge just to get in.
Tonight in sports, the ACC season opens tonight, UVa is getting ready for it's Thursday night date with Auburn, we also have some Express news for you plus,
the Carolina Panthers finally ink their top draft pick Jason Peters from Nebraska.
As hurricane Danielle slips away, Tropical Storm Earl forms in the Gulf. But close to home, we stay high and dry. Details just ahead.
[SUPER=#4054; News 7 at Six Headline Banner]
The global assault on our stock market got worse today.
The Dow Jones Industrial Average fell below eight-thousand for the first time since January.
Experts blame Russia and other foreign economies.
Meanwhile, American investors are left wondering:
How low can it go?
[Double Boxes=Keith and /Goldberg-Newsroom]
Scott Goldberg is in our newsroom tonight.
Scott, last week we told people not to watch the stock ticker...but you really couldn't help doing that today.
[Live= Scott Full/Newsroom]
No, you couldn't.
And it was not pretty, Keith.
The Dow kept sliding, posting its second biggest point loss ever.
The Nasdaq has NEVER lost this many points in one day.
(Rollcue: in one day)
[DOW AND NASDAQ BOARD]
When trading stopped, the Dow had tumbled 512 points, finishing at 75-39.
That's a six percent loss.
The technology-heavy Nasdaq lost almost eight-and-a-half percent, closing just below 15-hundred.
[wall street closing bell, other video]
Now that sounds bad.
BUT, local stockbrokers urge investors to put this into perspective.
On October 19th, 19-87 -- Black Monday -- the stock market lost 22-percent in ONE DAY.
Today, the point loss was high -- the percentage loss was not.
[Live= Scott Full/Newsroom]
Still, the Dow has lost all of its gains this year.
And it has fallen 20 percent since its high in July.
[Double Boxes=Keith and Scott/Newsroom]
(KEITH QUESTION: What should investors do? We always hear about buying and holding, but at what point do you get out?)
School children in the area are either back in school this week or savoring the last few days of their summer vacation.
But some of what they'll be learning this year is still being hashed out..
[Double Boxes=Keith and Steve/Lynchburg Bureau]
Steve Smallshaw is in Lynchburg where some Family Life sex education curriculum is sparking debate.. Steve?
[Live= Steve full/Lynchburg Bureau]
Keith, the Family Life material has been around for years, and for the most part it's the same old stuff.
But it's HOW it's being presented that some educators have a problem with.
[IN Q=It's not the]
[SUPER=04-Family Life Video; :]
[SUPER=01-Janet Jones/Family Life Committee; :17]
[SUPER=01-Wayne Brindle/School Board Member; :40]
[OUT Q=into the classroom.]
(( It's not the message.. it's the medium.
((SHE THINKS THAT WHEN MARK PUSHES HER IT'S A SIGN OF AFFECTION.))
This video for high school seniors about abusive relationships packs an educational punch.
[IN Q=But the message]
((JANET JONES/FAMILY LIFE COMMITTEE: BUT THE MESSAGE IS STRONG AND CLEAR AND IF IT HELPS STUDENTS, AND REMEMBER ONLY SENIORS ARE VIEWING THIS, IF IT HELPS THEM KNOW THAT THIS IS NOT THE KIND OF RELATIONSHIP THAT IS HEALTHY,, THIS IS NOT THE NORM AND THERE ARE PLACES TO GO TO GET HELP.))
[OUT Q=and get help.]
But Wayne Brindle is one school board member who feels both the dating and the sex ed videos are just too graphic.
[IN Q=And I don't]
((WAYNE BRINDLE/SCHOOL BOARD MEMBER: AND I DON'T THINK WE NEED TO TAKE VIOLENCE FROM THE STREETS AND PUT IT INTO THE CLASSROOM. I THINK THE CLASSROOM SHOULD BE A PLACE OF LEARNING AND AN ENVIRONMENT OF CONCENTRATION AND NOT SOMETHING THAT SHOULD JUST BROUGHT OFF MTV AND SUBJECTED INTO THE CLASSROOM.))
[OUT Q=into the classroom.]))
The school board votes tomorrow night on the new videos.
[Double Boxes=Keith and Steve/Lynchburg]
No matter what they decide, parents can still "opt out" their children if they object to any of the material.[Halifa
For some other students and adminstrators, headline-grabbing episodes of school violence nationwide are causing concern.
Christy Hubley shows us what a Southside high school is doing in response.
[IN Q=Halifax County high schoolers]
[SUPER=03-Halifax Co.; :00]
[SUPER=01-Larry Clark/Principal; :15]
[SUPER=01-Bessie Cage/Teacher; :39]
[SUPER=01-Brese Anderson/12th Grader; :55]
[SUPER=01-Carleton Roach/10th Grader; 1:06]
[OUT Q=News 7, Halifax County.]
(( Halifax County high schoolers are smiling pretty for the camera.
It's the first day of school, and photo I-D badges are being issued to all students and faculty as a matter of security.
[IN Q=For a school that's]
((LARRY CLARK/PRINCIPAL: FOR A SCHOOL THAT'S ALMOST 300-THOUSAND SQUARE FEET ON THREE FLOORS AND AN OCCUPANY OF ABOUT 2-THOUSAND PEOPLE DAILY, WE FEEL LIKE IT DOES ADD A DEGREE OF SECURITY IN THE BUILDING SO THAT WE'LL HAVE A BETTER IDEA OF WHO IS HERE AND WHO SHOULDN'T BE HERE.))
[OUT Q=who shouldn't be here.]
Photo I-D's aren't new to Halifax County High.
The policy was introduced in 1994.
But last year, instead of wearing the badges, students and faculty carried them.
Now the original policy is back.
[IN Q=When the children]
((BESSIE CAGE/TEACHER: WHEN THE CHILDREN COME TO CLASS WE HAVE TO LOOK TO SEE IF HE OR SHE IS WEARING AN ID. IF THEY'RE NOT WEARING AN ID WE SEND THEM TO THE PROPER PLACES TO GET AN ID.))
[OUT Q=to get an ID.]
Some students aren't convinced the security badges keep out people who don't belong on school property.
[IN Q=I would go through]
((BRESE ANDERSON/12TH GRADER: I WOULD GO THROUGH CONSECUTIVE DAYS NOT WEARING ID'S AND TEACHERS NEVER CHECKED SOMETIMES SO I JUST DON'T THINK THAT IT WORKS.))
[OUT Q=that it works.]
Other students say they feel they're being punished.
[IN Q=Everybody in this school]
((CARLETON ROACH/10TH GRADER: EVERYBODY IN THIS SCHOOL IS NOT BAD I MEAN JUST A CERTAIN PERCENTAGE IS THAT ACT UP. BUT I DON'T THINK WE NEED TO ENFORCE THE PHOTO BADGES.))
[OUT Q=enforce the photo badges.]
Student objections aside, faculty agree the photo I-D badges can help protect their school.
Christy Hubley, News 7, Halifax County.))
In Roanoke, a new look for an old school, after millions of dollars in improvements.
Woodrow Wilson Middle School was closed for renovations last year, and students returned for the first time today.
Nine and a half million dollars later, the school is much bigger and looks brand new.
Among the most noticeable improvements:
Three state-of-the art computer labs, which will be a big part of a new, high-tech curriculum.
[SOT 11 09 13]
[IN Q= we're all]
((KAY DUFFY/PRINCIPAL: WE'RE ALL LOOKING TO MAKE IT EASIER FOR THE STUDENTS TO ACCESS INFORMATION. THAT'S PART OF WHAT WE'RE TRYING TO DO FOR OUR STUDENTS TO BECOME COMPETITIVE IN THE OUTSIDE WORLD.))
[OUT Q=outside world]
Seven-hundred students will attend Woodrow Wilson this year.
Horace Fralin's estate won't be getting a break from the I-R-S.
Heirs to Fralin's fortune sued the government tying to force the I-R-S to cough up a 3-quarter million dollar refund.
They claimed changes in federal estate and gift taxes should have been applied retroactively, but judge Jackson Kiser didn't buy the argument.
Fralin left 85-million dollars when he died in 1993.
A Franklin County man says he may have murdered a friend, but he does not remember.
41-year-old Johnny Nolen told a jury he was drunk on March 28th, when Thomas Darnell Palmer was killed.
Nolen testified he had sex with his girlfriend, Sharon Austin, on a couch then fell asleep.
Austin says Palmer told her she wasn't finished yet, then exposed himself and pulled her off the couch.
Nolen woke up, and the two men started wrestling.
Nolen says he doesn't know where the knife came from.
[IN Q=I must have]
((JOHNNY NOLEN/DEFENDANT: I MUST HAVE HAD THE KNIFE THEN BECAUSE I FELT SOMETHING. I HAD THOUGHT THAT IT WENT IN THE CARPET, THAT THE KNIFE WENT IN THE CARPET, BUT THEN I SEEN DARNELL WHO STARTED GETTING WEAK AND STUFF. I GOT UP. I WAS WONDERING HOW HE WAS LETTING ME UP, THEN I SEEN DARNELL WAS BREATHING REAL HARD.))
[OUT Q=real hard]
Palmer died of a stab wound in his chest.
The jury must decide whether Nolen is guilty of murder.
If the jury finds it was self-defense, he might be found guilty only of manslaughter.
A circuit judge today RE-affirmed his decision to reduce a FELONY theft charge involving a former Pulaski County Sheriff's deputy.
In March, Terry Smith pleaded guilty to FELONY theft for stealing a 290-dollar above ground swimming pool.
This morning, Judge Colin Gibb sentenced Smith to a fine, community service and a year's probation.
You may recall, the judge's decision to reduce the charge to a MISDEMEANOR angered Commonwealth's Attorney, Everett Shockley.
Prosecutor Shockley had hoped the judge would change his mind today after learning that while awaiting sentencing Smith was caught driving with a radar detector.
Shockley says he has a real problem with what HE views as preferential treatment and intends to challenge the judge'
s decision in an appellate court.[Tease#1]
[HARD MUSIC UNDER]
Still ahead, more than a hundred area churches take new steps to bring the black and white faithful closer. We'll give you the details.
And next, flames shut down a local restaurant, but the owner promises it won't stay that way for long.
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[SUPER=83-Down 1.60 feet/Down 0.58 foot;Lake levels][Kabuki-fire]
The Japanese Steakhouse off Franklin Road in Roanoke caught fire over night, but it should be back in business pretty soon.
The call came in as a burglar alarm.
By 6:30 this morning city firefighters had a working fire on their hands.
Though the restaurant features flaming beef and seafood, the owner says this is a first.
[IN Q=You never see]
((AKIO KOEDA/RESTAURATEUR: YOU NEVER SEE JAPANESE STEAKHOUSE ON FIRE. WE NEVER HAVE FIRE BEFORE. How long have you been here? SIXTEEN YEARS. Never had a problem? NEVER HAD A PROBLEM. NEVER HAD A PROBLEM. IT HAPPEN WHEN I'M NOT HERE.))
[OUT Q=I'm not here.]
Koeda says neither he nor his manager were at the restaurant last night. The assistant manager was the last one out, he says, around 10:30 or eleven last night.
Koeda is opening another restaurant in Christiansburg next month.
He hopes to have the Roanoke restaurant back in business within a week.
A female police officer has filed a sexual harassment claim against the Blacksburg Police Department.
Among other things... Alicia LaChance says when she was interviewed for the job, she was asked whether she'd slept with certain police officers.
She'd been on the Christiansburg police force before Blacksburg hired her in February of 1996. She quit a year ag
He got two degrees from Washington & Lee University.
He practiced law in Richmond.
He joined the nation's highest court at age 64.
Today, Virginia's most famous legal mind since John Marshall was laid to rest in Richmond.
Ellen Qualls reports on the funeral of Lewis F. Powell, Junior.
[IN Q=It is a rare]
[SUPER=01-William Rehnquist/Chief Justice of the United States; :07]
[SUPER=01-Sandra Day O'Connor/U.S. Supreme Court Justice; :14]
[SUPER=03-Richmond/December 1993; :45]
[SUPER=01-Doug Wilder/Former Governor; :52]
[OUT Q=Qualls, News 7.]
It is a rare sight.
All nine U.S. Supreme Court justices together in public... paying tribute to one of their own.
[sot C-SPAN 11:58:55]
((CHIEF JUSTICE WILLIAM REHNQUIST: LEWIS POWELL WAS A PATRIOT IN THE OLD FASHIONED SENSE OF THAT TERM, RESPONDING WHEN HIS COUNTRY NEEDED HIM.))
[sot C-SPAN 12:05:54]
((JUSTICE SANDRA DAY O'CONNOR: LEWIS WAS A SUPERB DANCER. AND I HAD THE PRIVILEGE OF DANCING WITH HIM SEVERAL TIMES. LEWIS ONCE ASKED ME TO SPEAK HERE IN RICHMOND AT A MEETING OF THE RICHMOND BAR ASSOCIATION. HE INTRODUCED ME AND I STILL REMEMBER WHEN HE SAID THAT DAY "NOW ON MY TOMBSTONE IT WILL SAY HERE LIES THE FIRST SUPREME COURT JUSTICE TO DANCE WITH ANOTHER JUSTICE. laughs.))
Richmond's federal court building was named for Lewis Powell five years ago.
He was a white southern gentleman who wrote the opinion upholding affirmative action.
((DOUG WILDER/FORMER GOVERNOR: HE WAS ALWAYS A PERSON OF QUIET PERSUASION AND DIGNIFIED PERSUASION. AND HE WAS THE ONLY PERSON I EVER CONSIDERED ASKING TO SWEAR ME IN. BECAUSE IT WAS TO ME SYMBOLIC OF WHAT HE WAS. AND I WAS A PART OF THE CHANGE THAT HE CREATED.))
He was known as a moderate.
But abortion protesters who opposed Powell's rulings let it be known he didn't represent them, even in death.
Ellen Qualls, News 7, Richmond. ))
We already mentioned today's big sell-off on Wall Street.
[TAKE DOW & NASDAQ PAGE ]
The Dow Jones industrial average plunged more than 512 points ... that's more than six per cent. It was even worse for the Nasdaq: down 140 points, a drop of more than nine per cent.
Local Presbyterians say it's time to stop talking about racism.. and start DOING something about it.
The Presbytery of the Peaks today unveiled a 12- point plan for combatting racism in central and southwest Virginia.
Eight of the Presbytery's 144 member congregations are black.. church officials want black and white members to start reaching out to each other.
[IN Q=Racism we found]
((ANDREW PROPHETT/RACISM TASK FORCE: RACISM WE FOUND, BIBLICALLY SUPPORTED, IS A SIN AND IT WORKS AGAINST THE INTERESTS OF GOD'S PEOPLE. SO THEREFORE WE SOUGHT TO DEVELOP A PLAN THAT WOULD ADDRESS THAT SIN.))
((REV. ANDY SALE/PRESBYTERY OF THE PEAKS: TO SAY RACISM DOESN'T END BY JUST ESSENTIALLY SAYING `WE WISH IT WOULD GO AWAY', IT ENDS BY INTENTIONAL ACTIVITY, IT ENDS BY PEOPLE SAYING THAT THIS IS SOMETHING WE WILL NOT ALLOW TO GO ON.))
[SUPER=01-Andrew Prophett/Racism Task Force; :00]
[SUPER=01-Rev. Andy Sale/Presbytery of the Peaks; :16]
[OUT Q=to go on.]
Earlier this year the Presbytery also voted to ban homosexuals from the ministry.
Sale says embracing different cultures while banning gays is "not" a contradiction, since the Bible states both homosexuality and racism are sinful.
Coming your way tonight in sports, the Panthers sigh Jason two months before Halloween, the ACC's preseason number one hits the turf tonight.
and Steve Mason checks in from Charlottesville where George Welsh gets his kicks as the Auburn game draws closer.
The ACC's perennial powwer opens the season tonight in Primetime as Florida State takes on Texas A&M in the 16th annual kickoff classic.
[SUPER=03-Tallahassee, FL; :00]
It's a dangerous game for the 4th ranked Seminoles who will start a 26 year old sophmore quarterback tonight in Chris Weinke.
[IN Q="This is a ...]
[SUPER=01-Bobby Bowden/Florida State Head Coach; :00]
[OUT Q=...back out."]
The Virginia Cavaliers open the season this Thursday night in Alabama against Auburn. Three days from kick off, the Wahoos starting line up is still coming together. Steve Mason today's UVa notes.
[IN Q=first audio]
[SUPER=01-George Welsh/UVa Head Coach; :12]
[SUPER=01-Aaron Brooks/UVa Quarterback; :38]
[SUPER=01-Anthony Poindexter/UVa Safety; :52]
[SUPER=03-Charlottesville/1997 Game vs. Auburn; 1:02]
[SUPER=01-Wali Rainer/UVa Linebacker; 1:14]
[OUT Q=news 7 sports"]
((Monday morning, head coach George Welsh decided that Sophomore Todd braverman, number 36, will handle field goals and kickoffs against the Tigers. As far as the other foot specialist?
While the Virginia defense will not have to contend with Dameyune Craig, who accounted for three touchdowns in last year's 28-17 Auburn win, big play receiver Karsten Bailey is back.
The screen to the million dollar video board has been installed at Scott Stadium and should be ready for the cavs ho
mer opener September 12th against Maryland, In Charlotteville, Steve Mason, news 7 sports.)) [S-Panthers]
[TAPE#=SP-21 tc 36:56]
The Carolina Panthers' first round pick has been signed.
Defensive Lineman Jason Peter is finally in camp after nearly six weeks as a holdout.
Peter accepted a four year contract that could be worth seven and a half million dollars.
THe former Nebraska Cornhusker was the 14th overall pick in the NFL draft.
The Roanoke Express season ticket sales are up to almost 1600 sold. Six players have been signed.
[SUPER=03-Roanoke/1997-98 Season; :00]]
Express general manager Tony Mancuso said today that forward Chris Lipsett has signed a 25 game contract with the International Hockey League's Phoenix Road Runners, a team currently under suspension according to Hockey News. At this time, Lipsett has a one way IHL contract but is still the property of the Express. He had 67 points last season.
Jeff Gordon won his 5th race in the last 6 events yesterday by capturing the CMT 300 in New Hampshire.
Afterwards NASCAR impounded his tires and those used by second place finisher Mark Martin to study the possibility that someone is cheating by "soaping" the tires. That's a way of making them softer by using a chemical compound.
No results of the tests are expected until later in the week.
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It easily sailed to the top of the movie industry, grossing almost two-Billion dollars in theaters worldwide.
After midnight tonight, the "Titanic" docks in video stores.
[Double Boxes=Keith and Jean/Newsroom]
Jean Jadhon is in the Newsroom with more.
Well Keith, for those who didn't get enough of the film on screen, they can now take a copy of it home.
People will be able to rent or purchase a copy of the film.
For local video stores, this day has been a long time coming.
[IN Q=WE STARTED]
((DENISE MILLER/HOLLYWOOD VIDEO; WE STARTED LAST WEDNESDAY PREPPING 400-RENTAL VIDEOS. WE ALSO HAVE OVER 400-SELL THROUGH COPIES. WE'VE BEEN WORKING UNTIL TWO IN THE MORNING SOME NIGHTS GETTING THIS MOVIE PREPPED AND READY FOR OUR CUSTOMERS.))
[SUPER=01-Denise Miller/Hollywood Video;]
[OUT Q=OUR CUSTOMERS.]
The show begins at one minute after midnight tonight.
[Double Boxes=Keith and Jean/Newsroom]
We'll have that story along with the rest of the day's news, sports and weather tonight on News 7 at Eleven.
[Keith ad lib byes]
(Weekday 6 only)
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