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Today's Top Stories - May 27, 2016  

Beware The Bell! U.S. stock index futures indicated a narrowly higher open on Friday morning as traders eyed a revision of first-quarter GDP (gross domestic product) as well as consumer sentiment ahead of the Memorial Day long weekend More

Europe: European stocks were on lower Friday morning as investors looked ahead to comments from U.S. Federal Reserve Chair Janet Yellen More

Asia: Markets in Asia ended mostly higher on the final trading day of the week as traders awaited direction from U.S. Federal Reserve chief Janet Yellen's comments due later More

Oil: Oil futures fell below $49 on Friday, easing from a seven-month high hit this week, with analysts predicting range-bound markets for the next few months as supply outages slowly help to clear a global glut of crude More

Gold: Gold steadied off an eight-week low on Friday,but remained on track for a fourth straight weekly drop as growing speculation that the Federal Reserve will press ahead with interest rate hikes hurt investor demand More

What traders will be watching before they head to the beach Markets are expected to be quiet Friday, with just consumer sentiment and another look at first-quarter GDP ahead More

Trump: Government should 'get out of the way' of energy industry Presumptive Republican presidential nominee Donald Trump outlined his energy policy plans Thursday, taking jabs at President Barack Obama and pledging to revive what he called a stifled U.S. energy industry More

Think Trump dismisses climate change? Think again Donald Trump might have angered campaigners with his latest comments on the energy industry, but a little-known planning application in Ireland highlights the concerns the presumptive Republican presidential nominee has on the effects of climate change More

How to trade possible Donald Trump presidency Bombastic businessman Donald Trump took another step toward securing the Republican presidential nomination Thursday, and "Fast Money" traders looked at how to play his possible presidency More

Automakers recall 12 million US vehicles over Takata air bags: US govt. Eight automakers said on Friday they are recalling more than 12 million vehicles in new recalls related to defective Takata air bags, according to documents posted by U.S. government regulators More

From Wumart to Uncle Martian, experts say China's copycat problem is big From sportswear rip-offs to suspiciously familiar brand names such as "Wumart," China's counterfeit and intellectual property (IP) infringement problem is massive and raising questions around the world about how seriously the country is fighting fakes, according to experts More

Inside Adyen, the $2.3 billion start-up backed by Silicon Valley's elite Tucked away on a quiet street amid the canals and old buildings of central Amsterdam, the head offices of Adyen reflect its reputation as one of the tech industry's biggest behind-the-scenes companies More

Govt. Run Amok! … Feel the Raw Terror: Our LIVES Depend on Floppy Disks If you’ve managed to make it this far in your day without experiencing raw terror, brace yourself. A report from the Government Accountability Office just revealed that the United States controls its nuclear arsenal with floppy disks. No, not those little 3.5-inch plastic cartridges that held about a megabyte and half of data, nor those 5.25-inch disks about the thickness of a Polaroid that held even less. Those are the kind of fancy, newfangled gadgets the Pentagon apparently thinks it can do without. What they’re using is even older: eight-inch floppies that went out of style sometime in the late seventies More

Veronique De Rugy: Why Global Bureaucrats Hate Tax Competition During a visit to the World Bank this week, I got a sobering lesson about the degree to which the people working at international bureaucracies, including the Organization for Economic Cooperation and Development, dislike tax competition 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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Dr. Kornylak

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