Today's Top Stories - October 30, 2014 


BEWARE THE BELL! U.S. stock index futures traded lower on Thursday, as a number of positive earnings failed to lift markets following after the Federal Reserve announced the end of quantitative easing More

Here's what will support US growth in the 3Q Robust business spending likely buoyed U.S. economic growth, a sign companies have confidence in the recovery's sustainability More

Q4 GDP could see more consumer lift than Q3: Here's why More

EUROPE: European shares traded lower on Thursday as shares in Italian, Greek and Spanish banks resumed their downtrend following the results of the European Central Bank's (ECB) stress tests More

ASIA: Asian equities ended mixed on Thursday as investors reacted to the end of quantitative easing in the U.S. and the region's latest earnings More

OIL: Brent crude oil fell below $87 a barrel on Thursday, pressured by a stronger dollar after the Federal Reserve painted a brighter outlook for the U.S. economy More

GOLD: Gold was languishing near a three-week low on Thursday after the U.S. Federal Reserve ended its bond-buying stimulus program and expressed confidence in the economic recovery, dimming bullion's safe-haven appeal More

A robust pace of business spending likely buoyed U.S. economic growth in the third quarter, a sign corporate chieftains have confidence in the sustainability of the recovery More

Family and Economic Prosperity: An Oxymoron? More

Why Middle-Class Americans Can't Afford to Live in Liberal Cities More

Did you see that coming? Apple CEO Tim Cook on Thursday said in an op-ed in BloombergBusinessweek that "I'm proud to be gay.” More

Shares of American Realty Capital Properties got demolished on Wednesday after the real estate investment trust shocked investors with the disclosure of accounting errors. But in the options market, traders capitalized on the weakness to get in on the stock, betting it would make a recovery by January More

A salacious Wall Street child custody and divorce battle has touched two biotech CEOs and appears to have initially moved their company stocks down despite vigorous denials regarding unsubstantiated claims of their illegal drug use More

4 sectors to buy on crude oil’s slide: Lower crude oil prices are positive for everyone who isn't in the business of selling it; Since September 2013, crude has fallen 23 percent, while the S&P 500 has rallied 19 percent … The four sectors that have remained 100 percent positive in the last quartile of every extended bear market for oil are: consumer staples, consumer discretionary, health care and materials More


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IMG_0029In comments on a Virginian-Pilot column, Michael Barrett, CEO of Runnymede Corp. called member of the Beach General Assembly delegation members of the Taliban (Terrorists). He made the remark in slamming voters for the election of John Moss to the City Council.

He said: "Of course, that is what happens when the majority (of the voters) does not pay attention; just like we Virginians having elected the Taliban to the House of Delegates.

Isn't it amazing that the Runnymede Corporation, a company owned by the Fine family of Virginia Beach would allow its CEO Barrett to continue making scurrilous remarks in reference to members of the Virginia Beach Delegation to the Virginia General Assembly.

Here are his remarks posted following the Kerry Dougherty article titled, "WELL, IT'S (TAX) SEASON, SO HANG ON TO YOUR WALLET," appearing in the February 8, 2012 issue of the Virginian-Pilot.

Mike Barrett was referencing the election of John Moss' successful election to the Virginia Beach City Council and is slamming the people who elected him by saying, "Of course, that is what happens when the majority does not pay attention; just like we Virginians having elected the Taliban to the House of Delegates."

If Mr. Barrett keeps his job at Runnymede it is evidence the company is so ego-driven that it has no ethics. If Barrett remains on the board of Vision and the Chamber of Commerce, then shame on them for allowing him to remain so after making these outrageous remarks. Of course, if Mr. Barrett can provide proof that there are in fact members of the Taliban serving in the Virginia General Assembly, then we stand corrected.

It's well known that yellow-dog democrat Barrett is a shill for the Virginia Beach City Manager, and Mayor Will(ing) Sessoms. He delivers a constant barrage of snide, inflammatory remarks directed at every member of the Beach delegation, all of which are Republicans.

Oh, Barrett also represented the Virginia Beach on the corruptly managed Southeastern Public Service Authority (SPSA) Board, the trash agency that inept management forced out of business.

Barrett has made it known that he is ill, suffering from cancer. One must have some pity on him, but not without still holding him accountable for his outrageous statements. Best advice: Stay on your meds, Mike, and give your venomous brain a break.




  Quote OF THE DAY   



"One of the curious aspects of the Tea Party’s emergence during the past four years is the extent to which the mainstream media have fostered the idea that this political phenomenon represents a kind of radicalism. Certainly, some politicians of the so-called Tea Party have tossed out ideas and expressions that have been silly and warped. Does that mean, though, that the Tea Party, as a broad political movement, is radical?


"The answer is no. The Tea Party is a reactive movement, aimed at protecting the political mainstream from radical ideas, initiatives and policies of the left. Indeed, a review of American politics over, say, the last 50 years reveals that, to the extent America has been grappling with radicalism, it has been coming from the left. Then, as these ideas have gained traction through the agitations of the country’s liberal establishment, that establishment promptly labels those who resist as radicals."


~ Robert W. Merry, Political Editor, The National Interest





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