Today's Top Stories - August 28, 2015  

 

BEWARE THE BELL! U.S. stock index futures fell early on Friday, as the rocky ride in global markets continued More

EUROPE: European markets pared early gains to trade lower on Friday as investors exercised caution after a roller-coaster week in global equity markets More

ASIA: Asian stocks extended their recovery into the final trading day of the week as investors cheered a second day of gains in Chinese and U.S. markets More

Shanghai composite widens gains to 5% in final half-hour Asian stocks extended their recovery into the final trading day of the week as investors cheered a second day of gains in Chinese and U.S. markets More

OIL: Oil prices steadied on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth and news of low crude supplies from Nigeria More

This seasonal trend could mean trouble for oil Crude oil settling more than 10 percent higher on Thursday, for a sharp snap back after hitting a six-year low early this week. The rally buoyed energy stocks, which climbed almost 5 percent by the closing bell More

GOLD: Gold edged up on Friday but was on track to post its biggest weekly drop in five as strong U.S. economic data backed the case for a near-term increase in interest rates More

NLRB Upends Franchising And Contracting In Landmark Case More

Bye-Bye Ronald: Obama's Hand-Picked, Hand-Packed Top Labor Arbiter Deals a Blow to the Franchise Business Model - NLRB opens door for franchise unionization More

Put your money in the banks: Trader The financial stocks surged alongside the market as a whole on Thursday, with a 2.6 percent rise that saw every single stock in the sector finish in the green. And according to S&P Capital IQ equity chief investment officer Erin Gibbs, one subset of the financials—the bank stocks—is among the most attractive areas for investment now More

Amgen wins approval for second biotech cholesterol drug Amgen has won federal approval for the second medicine in a new class of pricey biotech drugs that reduce artery-clogging cholesterol more than older statin drugs that have been used for decades More

Investors take a second look at EM as China fears cool Emerging markets (EM) have faced the brunt of this summer's selloff, topped by volatile swings in Chinese stocks this week, meaning for many investors the region as a whole is more or less off limits More


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Opinion

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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