| By Derek Caney (@stax920)
Psilocybin, the psychedelic compound in magic mushrooms, may one day be an effective treatment for patients with severe depression who fail to recover using other therapies. So what else were the 1960s right about?
A top-ranking Chinese official began a rare visit to Hong Kong, vowing to listen to residents' political concerns following strident calls in the city for greater autonomy and independence from the mainland. The visit by Zhang Dejiang is the first by a senior Chinese figure since the 2014 Occupy democracy protests.
Digit of the day: 1 percent
Global stock markets rallied 1 percent overnight, moving in lockstep with yesterday's jump in U.S. stocks propelled by Apple's biggest jump in two months and a rebound in oil prices. Apple can thank Warren Buffett for its good fortunes yesterday – the Oracle of Omaha disclosed a $1 billion stake. Meanwhile oil prices have steadily increased since February on supply disruptions and shutdowns.
Around Wall Street - Sumner Redstone has the power to remove Viacom CEO Philippe Dauman from the trust that will control his $40 billion media empire after his incapacitation or death. But Redstone cannot remove his daughter Shari. There is no evidence that Sumner Redstone is considering replacing Dauman. But the fact that Shari Redstone has a more secure position on the seven-person trust could embolden her in efforts to wield more influence at Viacom as it struggles with falling ratings at its television networks.
- U.S. banks could give up parts of their business in the European Union in a worst case scenario, if Britain votes to leave the trading bloc. That's one of several scenarios being studied by stateside banks and it underscores the extent to which the London operations of those banks are linked to business throughout Europe.
- Venezuela reached a deal with its main financier, China, to improve the conditions of its exchange of Venezuelan oil for much-needed loans that could stave off even more severe financial difficulties for the Latin American country. Venezuela has struggled with a deep recession, as well as commodity and medical shortages as prices plummeted for oil, the engine of its economy.
Struck from behind 
Kenyan policemen beat a protester during clashes in Nairobi, Kenya, May 16, 2016. REUTERS/Goran Tomasevic
Around the world - Fire officials evacuated 4,000 workers from work camps in the oil fields of northeastern Alberta, as the wildfire grew and moved rapidly northward. Fort McMurray, which was evacuated two weeks ago, appears safe for now. The blaze continues to burn uncontrolled.
- "I'm not an animal," the shaven, shackled and barefoot suspect pleaded to reporters as he was led into a military court to stand trial for a bombing in Bangkok last summer that killed 20 people. The suspect, Adem Karadag, lifted his shirt revealing bruises and said he had been beaten twice this month while in custody. The second suspect, Yusufu Mieralli, proclaimed his innocence and asked, "Where are our human rights?" as he emerged from a prison van.
- Philippine fishing authorities detained 25 Chinese crewmembers of two seized fishing boats on suspicion of poaching, a move that could further strain ties between two countries at odds over maritime sovereignty. The Chinese vessels were not in the disputed South China Sea territory, but the move sure won't improve ties between the two countries.
Around the country - For the second straight year, masses of tiny red crustaceans known as tuna crabs have washed up along stretches of the Southern California shoreline. Marine scientists believe the phenomenon is linked to warmer ocean currents flowing up the coast.
- Two Boston brothers were sentenced to prison after being accused of urinating on and beating a homeless Mexican man and telling police "Donald Trump was right: All these illegals need to be deported." Scott Leader got a three-year sentence, while his brother Steve got a year and a half.
- We also have Democratic primaries in Oregon and Kentucky tonight.
Today's reason to live Rockpile – Crawling From The Wreckage |
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