Today's Top Stories - February 5, 2016  

Beware The Bell! U.S. stock index futures indicated a higher open on Friday as traders looked to the release of nonfarm payrolls at 8:30 a.m. ET More

Europe: European markets traded higher by late-morning as caution reigns ahead of U.S. jobs data later today More

Asia: Asian markets came under pressure on Friday, closing mixed despite a positive finish on Wall Street overnight, as a newly weaker dollar brought fresh concerns More

Oil: Crude oil futures steadied on Fridayafter earlier losses, as bearish fundamentals weighed on markets at the end of a volatile week that saw prices seesaw over 10 percent within a day More

Seeing an opportunity to gouge the public, Obama to propose $10-per-barrel fee on oil More

Gold: Gold was trading near its highest since October on Friday,on track for its strongest weekly gain in a month as the dollar was pressured by growing doubts the Federal Reserve can stick to its interest rate hike campaign More

The Chinese economy may be slowing but that's not stopping a record number of tourists from leaving the country for Lunar New Year holidays next week, when they are also expected to be ringing up sales across major cities More

Less than two months after the Fed enacted its first rate hike in more than nine years, market talk already has turned to whether the central bank's future may not be more hikes, but rather negative rates More

Why traders are betting on a big bounce for the metals …metals are getting more precious …Gold and silver hit multimonth highs Thursday, as industrial metal copper rose to the highest level since the beginning of the year. This as the dollar continued to lose value against other major currencies More

Goldman says zinc has bottomed, base metals to rally on short covering The recent recovery in base metals is probably unsustainable, except in zinc, says Goldman Sachs, which is calling a bottom for the industrial metal used in batteries and paints More

Sports Authority preparing to file for bankruptcy: Report Sports Authority is preparing to file for bankruptcy, according to a Bloomberg report that cited sources with knowledge of the situation More

Dick's shares rise on Sports Authority woes Shares of Dick's Sporting Goods rose 5 percent on Thursday, as analysts identified the athletic goods store as the key beneficiary of its biggest competitor's elevated financial woes More

LinkedIn shares fall more than 28% on weaker-than-expected guidance LinkedIn reported fourth-quarter earnings and revenue that topped analyst estimates, but shares in the company tanked in after-hours trading on weaker-than-expected guidance. More

United States Drops from 6th to 11th in Economic Freedom At CNS on Monday, Anthony Kim wrote, "Millions of people around the world are emerging from poverty thanks to rising economic freedom. But by sharp contrast, America’s economic freedom has been on a declining path over the past decade." 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.


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