Today's Top Stories - September 29, 2014 


BEWARE THE BELL! Wall Street looked set for a lower open on Monday, with investors cautious after Friday's rally, and global markets rattled by Hong Kong's worst protests in decades More

EUROPE: European shares were lower in morning trade on Monday with disappointing data weighing on sentiment and protests in Hong Kong affecting some financial firms with exposure to the region More

ASIA: Asian equity markets started the week mixed, with Hong Kong stocks tumbling on the back of escalating protests, while fresh signs of slowing growth in China weighed on overall sentiment More

OIL: Brent crude oil fell below $97 a barrel on Monday, moving closer to a two-year low hit last week as weak data from major buyer China and a stronger U.S. dollar added to pressure from strong supplies More

GOLD: Gold recovered from early losses on Monday after Hong Kong pro-democracy supporters clashed with police, keeping Asian stocks on edge and boosting bullion's appeal as a safe haven, though the strength in the dollar kept the metal's gains in check More

Economists slash Q3 GDP forecast, see growth ahead; Although economists have cut their estimates for third-quarter U.S. GDP growth, they see the economy growing steadily going forward More

Bill Clinton: I know why US incomes are stagnant; "Median income hasn't gone up for three reasons," Clinton said. "One is the labor markets aren't tight enough, and we haven't raised the minimum wage as we should. And the second reason is we haven't changed the job mix enough, to raise the median income and have more poor people working into it. The combination of jobs has to pay, on average, higher wages." More

Putin plays chicken with US farmers—and loses; A decree signed by Russian President Vladimir Putin to ban imports on U.S. poultry is leaving folks hungry—just not the ones he intended; leaving Russians to pay more at the supermarket for poultry products while American producers remain largely unscathed More

Mexican cartels steal billions from oil industry; Figures released by Petroleos Mexicanos last week show the gangs are becoming more prolific and sophisticated. So far this year, thieves across Mexico have drilled 2,481 illegal taps into state-owned pipelines, up more than one-third from the same period of 2013. Pemex estimates it's lost some 7.5 million barrels worth $1.15 billion More

Shipbuilders at Maine's Bath Iron Works have fired up one of the main turbines aboard the future USS Zumwalt, marking a milestone in construction of the stealthy warship: Powered by military-grade jet fuel, the massive turbines will provide the grunt for electric generators that'll drive the largest destroyer ever built for the U.S. Navy More

Will Hong Kong spark an Asian spring? Thousands of protesters campaigned for full democracy in Hong Kong over the weekend, raising the question: Could unrest spread to mainland China More

The dollar continues to stand tall, and positive housing data is supporting oversold stocks, while bond yields nudge higher even after a weak five-year Treasury auction More

New home sales power higher in August, soar by 18 percent; Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course More

Pump Price Rip-Off; Prices at the pump below $3 in much of US; The price of a gallon of gasoline may soon start with a "2" across much the country More

ROCHE HAS BREAST CANCER BREAKTHROUGH? A new breast cancer drug from Roche has shown "unprecedented" benefits in extending lives in a clinical trial and experts urged its widespread use for women with an aggressive form of the disease More

Gap Widens Between Defense Funding and Military Mission More

Feds Spent $300,000 Studying How to Ride Bikes: Researchers rode bikes on treadmills funded by taxpayer money More

23.2% - Almost One in Four Americans Are Not Working: Shock new figures, showing 28.9million adults without a job, are brought out of the Democrat-Controlled Senate Budget Committee, by a Republican member - Number is a far cry from the from the 6.1% figure being touted by the Obama Bunch 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.

Clutch speed controller on Coast Guard Cutter Eagle
VNS staff photo Jack Caldwell 


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