Troy Graham

Philadelphia Inquirer

A day before President Obama kicks the gun debate into high gear by unveiling his legislative plans, Mayor Nutter said he wanted to use the city’s financial weight to pressure the makers and sellers of firearms.

The idea has been spreading since Cerberus Capital Management announced last month that it would sell the Freedom Group – maker of the Bushmaster rifle used in the Sandy Hook school massacre – shortly after hearing concerns from a powerful client, the California teachers’ pension fund.

On Monday, Chicago Mayor Rahm Emanuel said he would ask all of his city’s pension funds to investigate whether they have holdings in assault-weapons makers and sellers, a step toward dumping those companies’ stocks…

Read the full article at