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Actually PS, Looks like Australia's action had a dramatic positive impact
Viewpoints: Mass shooting in Australia provides gun control lesson
By Will Oremus
Slate
Published: Tuesday, Dec. 18, 2012 - 12:00 am | Page 9A
Last Modified: Saturday, Dec. 22, 2012 - 7:46 pm
On April 28, 1996, a gunman opened fire on tourists in a seaside resort in Port Arthur, Tasmania. By the time he was finished, he had killed 35 people and wounded 23 more. It was the worst mass murder in Australia's history.
Twelve days later, Australia's government did something remarkable. Led by newly elected conservative Prime Minister John Howard, it announced a bipartisan deal with state and local governments to enact sweeping gun-control measures. A decade and a half hence, the results of these policy changes are clear: They worked really, really well.
At the heart of the push was a massive buyback of more than 600,000 semi-automatic shotguns and rifles, or about one-fifth of all firearms in circulation in Australia. The country's new gun laws prohibited private sales, required that all weapons be individually registered to their owners, and required that gun buyers present a "genuine reason" for needing each weapon at the time of the purchase. Self-defense did not count. In the wake of the tragedy, polls showed public support for these measures at upward of 90 percent.
What happened next has been the subject of several academic studies. Violent crime and gun-related deaths did not come to an end in Australia, of course. But as the Washington Post pointed out in August, homicides by firearm plunged 59 percent between 1995 and 2006, with no corresponding increase in non-firearm-related homicides. The drop in suicides by gun was even steeper: 65 percent. Studies found a close correlation between the sharp declines and the gun buybacks.
Robberies involving a firearm also dropped significantly. Meanwhile, home invasions did not increase, contrary to fears that firearm ownership is needed to deter such crimes. But here's the most stunning statistic. In the decade before the Port Arthur massacre, there had been 11 mass shootings in the country. There hasn't been a single one in Australia since.
There have been some contrarian studies about the decrease in gun violence in Australia, including a 2006 paper that argued the decline in gun-related homicides after Port Arthur was simply a continuation of trends already under way. But that paper's methodology has been discredited, which is not surprising when you consider that its authors were affiliated with pro-gun groups.
Other reports from gun advocates have similarly cherry-picked anecdotal evidence or presented outright fabrications in attempting to make the case that Australia's more-restrictive laws didn't work. Those are effectively refuted by findings from peer-reviewed papers, which note that the rate of decrease in gun-related deaths more than doubled following the gun buyback, and that states with the highest buyback rates showed the steepest declines. A 2011 Harvard summary of the research concluded that, at the time the laws were passed in 1996, "it would have been difficult to imagine more compelling future evidence of a beneficial effect."
Whether the same policies would work as well in the United States – or whether similar legislation would have any chance of being passed here in the first place – is an open question.
Howard, the conservative leader behind the Australian reforms, wrote an op-ed in an Australian paper after visiting the United States in the wake of the Aurora, Colo., shootings. He came away convinced that America needed to change its gun laws, but lamented its lack of will to do so.
There is more to this than merely the lobbying strength of the National Rifle Association and the proximity of the November presidential election. It is hard to believe that their reaction would have been any different if the murders in Aurora had taken place immediately after the election of either Barack Obama or Mitt Romney.
So deeply embedded is the gun culture of the United States that millions of law-abiding Americans truly believe that it is safer to own a gun. This is based on the chilling logic that because there are so many guns in circulation, one's own weapon is needed for self-protection. To put it another way, the situation is so far gone there can be no turning back.
That's certainly how things looked after the Aurora shooting. But after Sandy Hook, with the nation shocked and groping for answers once again, I wonder if Americans are still so sure that we have nothing to learn from Australia's example.
© Copyright The Sacramento Bee. All rights reserved.
Read more here: http://www.sacbee.com/2012/12/18/5060929/mass-shooting-in-australia-provides.html#storylink=cpy
IMO we've met the min req for II.
I'm expecting a gap down in the am to kick off 3 and right or wrong, positioned for it.
THIS IS A VERY WEAK C OF II
Yesterdays move looked like and a and b of iv, todays gap down would be c of iv then up in v to complete [2].
Any way to count yesterdays move as the beginning of 3?
Probably know with the action today
Good question, and there are a few options.
I'd be guessing but iv of 3 of C is what I favor, but I'm waiting
for things to clear up.
One thing for sure is that I do not see a clear WAVE 1 from Thrusdays NDX
2376 high. It really looks more like and A, B, C corrective move to 4
of C
I just don't see a clean wave 1 on NDX atleast.
Fridays low counting as A, todays high as B now in 5 of C.
NDX LOD stands at 1307, I'll be a buyer once we break that low to complete
C
now you have 2 red squares on this charts
yup, 4 tomorrow the 5 up to 1352
So looks like we open p right in wave 3 of C up to = 2
then 3 down OR this was 4 and we go up in 5 to make a new
high at 1352 / 1360
sure, SPX is on track, but take a look at NDX, doing its own thing...
Clearly
The uptrend is intact
Yes POKERSAM!
You can visit my new PSC, Pokersam Comment board, this guys too funny!!!
He s WAYYYY short, then when the market gaps up, he states that good thing he
changed his mind and loaded up with calls LOL
Too funny!!!
Rab
you still talk to
pS?
\
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49690824
Poker, that was funny!
no
Double, interesting posts. Just to clarify, you re bullish but st long FAZ?
(OPR: GQQOU.X)
Last Trade: 4.79
Trade Time: 3:01pm ET
Change: Up 3.22 (205.10%)
Prev Close: 1.57
Open: 4.79
Bid: 4.00
Ask: 4.25
Day's Range: N/A - 4.79
Contract Range: N/A - N/A
Volume: 1
Open Interest: 4,055
Strike: 47.00
Expire Date: 30-Mar-09
Puts or PUT there Bliss?
So what r u thinking there Poker?
SPX 770 looks like it will have to be met before we go down
I think it looks pretty bullish
If in fact we are in wave i of 3, it will be 200 to 300
(we did 70 pts today) points on the NDX and "they'll"
call it the Santa rally.
Rainbow
NDX
1 completed at 1193
abc = 2 completed today at 1096
i of 3 up just about done.
A wave 3 is upon us however it's up not down.
Poker, where is your chart? thanks
Rainbow, i hope you covered.
Looks like the trend is up from here
Thank you Mrnatural
does anyone have a link to a good TA post of the USD on stockcharts?
thanks
Sad indeed.
Now is when Mom and Pop start cashing in their chips.
They've lost enough in the past couple of months and
will want to be in cash
Nope, closed the position, looks like we ll be buying 1890
enjoy your weekend
We're closing in on 50% retrace however to hold over the weekend, i need to see some stength heading into the close
Nice chart Willie, long just now, Im thinking i up complete at 1968, just completed ii, up towards the close and gap up Monday.
I would be surprised if we went below 1909.
Although i ve been surprised many times before ;)
I believe that would be the case, that today s low of 1977 would = C and we ve completed the correction. Interesting point we re at here.
Willie, I m trying to come up with an alt count should 2051 be broken to the upside, any thoughts?
This was a strong move this am, impulssive or reaction wave?
This iv is much stronger than I thought, 4.5 points
away from overlapping with i, we ll know soon enough
if the entire move down was an ABC correction that
ended at yesterdays close.
Hi Frank, if pre market conditions hold,
we should be openning around 1768, of course
there's 2 hrs left, lots can hapen
I'm not too sure at this point Peg.
I'm just going to watch from the sidelines
for now
Not looking too good here. Truncated 5th?
Could be from the looks of things
No it wasn't, but it came Darn close!
Looks like a clean i of v off 2101.3
Not looking good, we're 2 points away from iv overlapping i
Looks like we'll gap and run in iii of V in
the morning.
YIKES! what just happened there??
Spike down on NDX outta nowhere!
Yup, that did it