My WBZ Afternoon Headlines 07/14/2008

[0:00]" Would you be easy HD Boston. This is WBZ Boston on the air online 24 hours a day WBZ. Newsradio 1030 I don't."

[0:11]" Every day. Good afternoon when it's 3 o'clock Stephanie nine degrees in Boston hazy sunshine right now I'm Diane Stern here's where we're following the president lives executive ban on offshore or elderly have a ball squarely -- All postings appeared giving the president -- her story and reaction straight ahead closer -- home police and Everett investigated apparent homicide. I think that that happened believe me you know what I'm Carl Stevens in Everett Bob Larson the extended WBZ AccuWeather forecast. Our -- our exit Iraq as we begin this evening that -- for -- later tonight on Wall Street. And we'll have the Wall Street numbers coming up in just a moment right here on WBZ. This afternoon commute is brought to you by the most. Trusted -- in mattresses -- the mattress professionals. Consider a largely symbolic move President Bush has lifted the executive ban on offshore drilling. As Americans continued to struggle with a high cost of fuel CBS's Mark Knoller has the details."

[1:11]" itself the president's action does nothing until congress follows his lead. And authorizes new drilling for oil in the outer continental shelf. This means of the only thing standing between the American people and these vast oil resources. His action from the US congress. Last month he challenged congress to act first on offshore drilling but he says democratic leaders have done nothing. And he firmly opposes democratic calls to tap the strategic petroleum reserve for increased oil supplies. Mark Knoller CBS news the white."

[1:42]" California Democrat Barbara Boxer says the president's proposal is something you'd expect from an oil company CEO. Senate majority leader Harry Reid with this reaction. We want. Oil and gas companies drill for oil and leases they've been given. Tens of millions of acres. Both onshore offshore. We believe any oil found on those sites. Needs to stay in our country -- says even if oil companies choose to drill in new locations it will take a few years just get the equipment in place. Congressman Barney frank is -- on board with the Bush Administration efforts to help mortgage giants Fannie Mae and Freddie Mac. Franks says the essence of the plan will be added to a pending housing bill from the committee that he chairs. He wants to have the package cleared the house and then go to the president by the end of the week. Next week that is. Meantime CBS's Bob -- reports tough new mortgage lending rules approved by the Federal Reserve. Aren't meant to counteract what's already happens but to end that sort of thing."

[2:43]" These kinds of questionable loans the Fed is cracking down on have all stopped and in fact even well qualified borrowers are having trouble getting a mortgage these days but the idea is to look ahead when the housing market recovers to make sure this doesn't happen. But again it would say lenders have to make sure borrowers can pay their mortgage debt proof of their income and not mislead them about the terms of their loan."

[3:03]" Investors appear to be unconvinced the move is enough to ease further trouble in the financial markets last checked the Dow -- down about 58 points. We'll be checking Wall Street numbers for you in just about five minutes right here on WBZ. It's been tried to get his name off the government's terror watch list. I'm not a terrorist that Bennett terrorists never intend to be a terrorist a former Justice Department official speaking out will have the details just ahead on WBZ fist WBZ news time 3579. Degrees in Boston -- now a little bit of sunshine is kinda hazy sunshine college -- clouds. -- early tonight mostly cloudy with a couple of showers and thunderstorms. All behind a rather. Tonight the level -- about 65 degrees tomorrow mostly sunny pleasant less humid. With a high of eighty and we'll have much more on the weather in just about four minutes right here on WBZ. And Everett neighborhood in disbelief after an apparent homicide WBZ is Carl Stevens went to effort for the story Lewis --"

[4:05]" Quiet side street here an area where bad things don't usually happen feel like this is ever happened believing me now. Nothing burial Brunner is the cousin of Philip Capone who was killed over the weekend stabbed a number of times in his home his body discovered. When police -- wellbeing check last night Maryanne says she can understand why this happened."

[4:24]" to sit out the deck they're getting a suntan in the mornings. Before work. And you don't that was -- I didn't I have heard a word from Everett Carl Stevens WBZ Newsradio 1030 the Cape Cod man accused of trying to rob a store all waving what appeared to be a hand grenade is due in court today in Orleans. Police say Dennis Walsh of Harwich. -- the convenience store last night demanding money as he threatened to pull the pin on the device which turned out to be fake. Five young people on just thirteen years old were due in court today charged with beating a man with rocks and an apartment complex in Rockland. Police say the victim nick Ferraro was found -- the spring gate apartments on Friday night leaving with a broken jaw. One of the suspects was shot dead by an officer with a taser like device to keep them from running away a fifteen year old suspect was brought into the police station. By his mother. The ACLU and a man wants the Justice Department's top criminal prosecutor are calling to get rid of the terror watch list. Saying thousands of innocent Americans have likely been questioned or searched. Former assistant US Attorney General Jim Robinson is highly critical he says despite his top security clearance he's been listed since 2005."

[5:39]" I'm not sure exactly what it is short of calling my successor is the Assistant Attorney General for the criminal division. The structured that I hadn't have done that yet. But to that and nothing seems to be able to get you off the list."

[5:52]" Robinson says being on the terror watch list restricts travel and probably without doing much to stop terrorism. Basketball legend bill Russell says he's working on a memoir about Boston sports legend -- back. Russell's book red and me will be published next spring. And will be about his friendship with the late Celtics coach died in 2006. Russell who's now 74 was part of the great teams of the fifties and sixties playing alongside the likes of Bob cousy and John have what you. WBZ news -- 38."

[6:26]" Hear the news right here. Save the news at WBZ 1030 dot com."

[6:32]" John -- joins us now from marketwatch.com. Good afternoon John good afternoon Diane we are seeing red too but unfortunately these are red arrows traders no longer seem to be cheering that plan by -- Rescue Freddie Mac and Fannie Mae Fannie is set up only 2% right now. -- is actually losing just about 3% investors instead are now focusing on regional banks national city is down some 16%. That Cleveland firm is playing down concerns it lacks adequate reserves. And washed and neutral is tumbling 35%. One brokerage said Mahmoud needs still a lot more to raise capital. And the Dow Jones industrial averages off 72 points the Nasdaq is down thirty and the S&P 500 is dropping as well. It is off just about thirteen points. Business report today to 38 past the hour on John where -- marketwatch.com. On go."

[7:58]" It is developing is the National Hurricane Center says hurricane watch has now been issued for Bermuda. A more on the story course throughout the afternoon. And now the local forecast through Thursday the extent to WBZ AccuWeather forecast here is Bob Larson brought to you by accidentally. Decliners and a couple of showers around as we start deceiving a sponsor of thunderstorm -- clearing later tonight those 65 mostly sunny pleasant -- would lower humidity eighty. Most likely tomorrow Silas 65 in sunshine Wednesday by -- want. We'll see sunny and warmer Thursday at a bit more humid high of 87. -- weather in just ten minutes. I'm WBZ. AccuWeather meteorologist. Dollars in Boston now hazy sunshine and clouds it's breezy to eighty degrees. WBZ news timed out 315 before we start with sports with Tom Cuddy here's our web poll do you favor having the all star game determined home field advantage in the World Series. If he'd like to weigh in on that one vote online wbz1030.com. You can also call us at this phone number to let us know which -- 6177468300. Now without further -- WBZ is Tom Cuddy it's."

[9:19]" There's something I set out to do and you know something great that sort of thing down have a lot of great things at -- through -- series rings that now on -- something that's going to definitely. -- got there at the top the list as exciting things. Awesome dude period since the last -- also added bonus for being an established yourself. Can't wait her for that times gives special for me in in my family deaths awesome I mean I know. -- last year when the World Series and you know we're we're what we're presented in -- I'm so happy for everybody else. Everyone deserves it."