NJ adds 14,300 jobs in May, Unemployment falls to 8.6%

From the Record:

NJ economy adds jobs, jobless rate declines

A slight dip in the unemployment rate and the addition of 14,300 jobs in May, taking the increase to 30,000 jobs since the start of the year, suggest the state’s economic recovery is gaining momentum, economists and a large business group said Thursday.

The state has now added jobs for four consecutive months, with the only losses this year in January. The unemployment rate has fallen steadily over that period, according to figures released Thursday by the New Jersey Department of Labor and Workforce Development.

Still, the May unemployment figure of 8.6 percent, the lowest since March 2009 and down from 9.5 percent at the start of the year, remains a full percentage point above the national rate of 7.6 percent in May. And the state has regained only about half of the 257,000 jobs lost in the recession.

Patrick O’Keefe, director of economic research at accounting firm CohnReznick, said the strongest aspect of the report was that the average monthly gain over the past three months shows the state had added a solid 9,200 jobs each month. The calculation removes the month-to-month fluctuations of regular job figures.

This entry was posted in Economics, Housing Recovery, New Jersey Real Estate. Bookmark the permalink.

92 Responses to NJ adds 14,300 jobs in May, Unemployment falls to 8.6%

  1. grim says:

    From the APP:

    NJ gained 14,300 jobs in May; jobless rate falls to 8.6%

    New Jersey gained 14,300 jobs overall in May, and the state’s unemployment rate fell a tenth of a percentage point from 8.7 to 8.6 percent, the state Department of Labor and Workforce Development reported Thursday.

    Since February 2010, the low point for private sector jobs in the recession, the state has gained 145,100 jobs, the department said. It was the fourth straight month that the unemployment rate dropped.

    “New Jersey’s labor market is clearly getting healthier, with continuing gains in employment and jobs, and the unemployment rate on a downtrend,” said Charles Steindel, chief economist for the state Treasury Department. “In May, for the second time in the last three months, we have seen noticeably faster job growth than the nation as a whole.”

    The private sector added a total of 15,400 jobs in May. Industries with significant job growth included: professional and business services (+5,500), education and health services (+4,500), trade, transportation, and utilities (+4,200), and construction (+1,500).

    Gains also were recorded in leisure and hospitality (+400), other services (+300), and information (100). Job contraction occurred in manufacturing (-900) and financial activities (-200). Public sector work in May shrank by 1,100 jobs. Gains at the local (+2,600) and federal (+100) government levels were offset by a decrease in state government (-3,800).

  2. grim says:

    There are more people working in NJ today (4.21 million) than at the peak of the economy in 2000 (lowest UE in 20 years), when unemployment rate was 3.7% (4.13 million). The challenge is that the size of the labor market has increased by more than 300,000 heads in the last 12 years.

  3. grim says:

    From USA Today:

    Home sellers’ ranks grow as home prices rise

    The big jump in home prices in the past year is finally bringing more sellers to the housing market, but inventories remain lean.

    The number of existing homes for sale ticked up to 2.2 million in May, up 3.3% from April, the National Association of Realtors said Thursday.

    When adjusted for seasonal factors, inventory has risen for four months in a row, suggesting the supply bottom came in January, says Jed Kolko, economist for real estate website Trulia.

    The new sellers are making moves they’ve put off for years as home prices tanked. They’re taking jobs in other locations, enjoying fast sales of existing homes. And some are pricing properties at levels higher than Realtors think prudent — and getting their price anyway.

    The new sellers hardly constitute a flood, more like a trickle from a huge lake. They still are far too few for the balance of power in many markets to shift from sellers to buyers, says Budge Huskey, CEO of Coldwell Banker. But with home prices up 12% in April from a year ago, more are expected if prices continue to rise.

  4. grim says:

    This sounds familiar, who was talking about this just the other day?

    From Bloomberg:

    Housing Seen Shrugging Off Rate Rise as Banks Loosen: Mortgages

    “If people believe house prices are going up, credit availability will evolve,” said Paul Willen, a senior economist at the Federal Reserve Bank of Boston. “There is too much money to be made lending to homebuyers. Lenders will find a way.”

    While credit may be opening, the process of getting a new or refinanced mortgage remains frustrating, because lenders are making more meticulous demands for evidence of borrowers’ finances, Fleming said.

    That didn’t matter much to lenders last year as reduced competition and low mortgage rates allowed them to charge high prices for selling home loans into mortgage pools. Loan originations totaled $1.75 trillion in 2012 and the four biggest bank lenders reported more than $24 billion of revenue from originations as homeowners replaced their loans to cut costs.

    Rising rates have already quashed refinancing, which has fallen to 68.7 percent of the market from 76 percent at the start of May, according to the Mortgage Bankers Association.

    Further increases will flatten the wave of refinancing and force lenders to compete more aggressively for homebuyers, said Doug Duncan, chief economist at Washington-based Fannie Mae. In addition to easing underwriting standards, banks will also have to consider layoffs to cut costs and lowering margins to make up for lost refinancing revenue, Duncan said.

    Lenders will see their refinance business fall to 45 percent of originations in the second half of this year and 35 percent next year, according to a Mortgage Bankers Association forecast.

    “Companies, if they want to stay in business, they’re going to compete,” Duncan said.

    Bank of America, which has hired 1,000 loan officers during the past year, plans to continue adding staff to aggressively go after home-purchase business as refinances slow, said spokesman Terry Francisco.

  5. grim says:

    Clearly the end-times. From the WSJ:

    Brisk U.S. Home Sales Spur a Price Warning

    Sales of previously owned homes surged in May to the highest level since late 2009, pushing prices up so quickly that a major real-estate trade group warned about unsustainable gains.

    Home sales rose 4.2% in May from a month earlier to a seasonally adjusted annual rate of 5.2 million, the first time the pace crossed 5 million since November 2009, the National Association of Realtors said Thursday. Existing-home sales peaked in September 2005 at an annual pace of about 7.3 million.

    The figures, showing rising home prices and contracts closing at a brisk pace, boosted optimism for the housing market and its ability to support the broader economic recovery. Median prices rose 15.4% from a year earlier to $208,000, the highest level since July 2008.

    The latest price gains, amid tight inventories, sparked a rare warning from the Realtors group, which drew criticism during the housing boom for defending the price surges—effectively stoking further increases—at the time.

    Lawrence Yun, the Realtors’ chief economist, cautioned Thursday that the recent rise in home prices isn’t sustainable given that housing prices are rising at a double-digit pace while Americans’ incomes are rising only tepidly.

  6. grim says:

    Some pretty bold claims from RealtyTrac, dumping foreclosures on the market will have little impact on prices. From HousingWire:

    RealtyTrac: 20% of foreclosures remain vacant after owner departs

    Twenty percent of foreclosures nationwide sit empty after an owner vacated the premises, representing 167,000 distressed properties across the country, RealtyTrac announced Thursday.

    While it’s imperative these properties move quickly through the default process to cushion surrounding real estate values, in many states, it’s just not happening, says Daren Blomquist, vice president of RealtyTrac, a research firm that published the report.

    Instead, laws designed to keep the housing market afloat and to prevent a flood of distressed assets make it more difficult to move assets that could benefit from full-time ownership.

    If the distressed inventory were to hit the market all at once, it would have little impact on home prices, RealtyTrac claims. In fact, at this point, the research firm believes moving vacant real estate would benefit markets still suffering years after the housing meltdown.

    “Even if all these homes flooded the market simultaneously they would likely not cause the once-feared double dip in prices given supply constraints from non-distressed sellers and stronger demand,” added Blomquist.

  7. grim says:

    From the Chicago Tribune:

    As housing warms up, appraisers feel the heat

    Home appraisals were difficult to do during the housing market downtown because there weren’t enough recently sold comparable homes to help determine a property’s value.

    Now the local housing has picked up steam. That has provided more comparable properties to consider in an appraisal, but appraisers say it doesn’t make their job of putting a value on a property any easier.

    Appraisals are still throwing a wrench in home deals, real estate agents said, forcing sellers to lower their price, buyers to bring money to the closing table or the two sides to meet somewhere in between and renegotiate the contract.

    There are fewer distressed properties changing hands, and that’s a good thing for traditional sellers hoping that their home will be appraised at its contract sales price. But at the same time, an undersupply of available homes has prompted bidding wars above list price, a price that isn’t necessarily justified by an appraisal.

    “That’s been happening a lot this winter and spring — the appraisal isn’t coming in,” said Alvin “Chip” Wagner, of A.L. Wagner Appraisal Group Inc. “It’s an appreciating market, and the closed data that appraisers use is behind what the homes are actually selling for right now. We’re just now on the cusp of good data.”

  8. grim says:

    Crazy housing news flow this morning..

    From HuffPo:

    Immigrants Boosted The Housing Market By $3.7 Trillion, Study Says

    Immigrants have boosted the value of the U.S. housing market by a whopping $3.7 trillion from 2000 to 2010, according to new data co-published by the Americas Society/Council of the Americas and the Partnership for a New American Economy.

    “The research finds that immigrants revitalize less desirable neighborhoods in costly metropolitan areas, opening up new alternatives for middle- and working-class Americans to buy homes,” a post on the Americas Society website explaining the research reads. “Immigration supports the housing market without exacerbating the nation’s worst affordability problems, because immigrants themselves tend not to settle in the most expensive places.”

  9. grim says:

    Bidding wars in the Lehigh Valley?? From the Morning Call:

    Valley housing market gains momentum in May

    Margaret Wolf couldn’t help but notice when the “for sale” sign in front of a house two doors away was removed just days after it went up.

    The gray home with red shutters on Route 309 in Upper Saucon Township attracted multiple offers and sold for $177,000, nearly $8,000 more than the asking price.

    Lehigh Valley home prices hit an eight-month high in May as buyers snatched up deals in the face of rising interest rates. The demand uptick is leading to multiple bids on many homes, which is driving up prices. May was the third straight month of month-to-month price gains.

    A total of 596 homes sold in Lehigh and Northampton counties in May, up 10.8 percent from the same month a year earlier, according to the Prudential Patt White, Real Estate HomExpert Market Report. May’s median sale price was $170,000, up 5.6 percent from a year earlier.

    Meanwhile, demand remains strong. More than 900 homes were under contract in May — meaning sales had yet to close — up nearly 50 percent from a year earlier. The high number of pending sales means the market’s upward momentum should continue.

  10. grim says:

    LOWBALL!!!

    From the Record:

    Eddie Murphy’s Englewood mansion goes for $10.4 million

    Has Grammy-winning R&B singer Alicia Keys bought the palatial Englewood home formerly owned by comedian Eddie Murphy?

    Reports have circulated for months saying Keys is the buyer. But if that’s the case, she’s not going public with it.

    Even so, there are some tantalizing clues that may connect the dots.

    The deal recently closed – for $10.42 million, way below the original asking price of $30 million. The deed filed this month in the Bergen County clerk’s office says the secluded 32-room Brayton Street home was bought by Todd Gelfand as trustee for the Honeycomb Trust of Los Angeles.

    Gelfand happens to be Keys’ L.A-based business manager. He did not return a call Thursday seeking information about whether the trust and Keys are related. But a published report recently said that Keys and her husband, music producer Swizz Beatz, sold their New York City penthouse through the Honeycomb Trust.

  11. grim says:

    …with an annual property tax bill of $216,653.

  12. 1987 condo Buyer says:

    I remember the prime hitting 21%, mortgages around 16%, my brother got an 11% in 1983 and i thought that was incredibly low…when I got 7% in 1993 I thought it was nirvana!! Again difference between 4% and 6% is $300 a month on $250,000…which is probabbly bigger than most US mortgages….

  13. Housing is a crowded, one-way trade that’s about to be over. For 50-100 years.

  14. Bidding wars in the Lehigh Valley are always the precursor to a collapse event.

  15. Folks, it sucks out there.

  16. A hamburger at Crapplebees is a big night out in A’town.

  17. “The Federal Reserve’s Cargo Cult Magic of artificial abundance acts just like systemic moral hazard. In Jeff’s phrase, “reducing the perception of the cost of the action’s consequences” induces the same cost-risk-benefit mindset as moral hazard.

    In other words, the Bernanke Put–the implicit promise that the Federal Reserve will never let the stock market significantly decline–is the exact equivalent of giving someone $100,000 in a casino and telling them they can’t lose because the casino has their back. How prudent do you reckon the gambler’s bets will be? His perception of the costs and consequences of his betting have been fatally distorted, and once everyone in the casino has been given the same assurance, the systemic risks skyrocket as every player starts making risky bets in the confidence that they can’t lose.

    The Fed has created a Doomsday Machine. The Fed has nurtured moral hazard in every sector of the economy by unleashing an abundance of cheap credit and low interest mortgages; the implicit promise of “you can’t lose because we have your back” has been extended from stocks to bonds (i.e. the explicit promise the Fed will keep rates near-zero forever) and real estate.”

    http://charleshughsmith.blogspot.com/2013/06/artificial-abundance-moral-hazard-and.html

  18. anon (the good one) says:

    “When the last tree has been cut down, the last fish caught, the last river poisoned, only then will we realize that one cannot eat money.”

    From NJ in support to our Brazilian brothers and sisters.

  19. anon (the good one) says:

    invading Iraq was our World Cup. we are Brazil without the hot chicks.

    @sergionyt: Brazilians protest against poor public services, corruption and misuse of public money. Millions wasted and diverted from the World Cup.

  20. grim says:

    Latin America turns on Football? The end of days really is here. Where is Pele to save us?

  21. Fabius Maximus says:
  22. Painhrtz - Disobey! says:

    dude do you get out of the house? there are incredibly hot chicks all over this country. brazil is the land of plastic surgery. Granted they are hot but c’mon

    Grim history rhyming? Maybe we need to flip some houses.

    OK since it has been three years or more since I have done it. Need comps for my house in morris count; Randolph, Denville, Roxbury. finally refinancing 3 bedroom split 1600 sqaure feet 0.69acre basement single car garage purchase 362 in 2010

  23. nwnj says:

    Is there ever an end to liberal idiocy? Based on anon and this development, I’m leaning toward no. Now there’s a “trash talking” ban.

    Please protect me big government.

    http://www.dailyrecord.com/viewart/20130620/NJNEWS10/306200019/NJ-bans-trash-talking-high-school-sports

  24. grim says:

    Participants could be in trouble if they make harassing statements related to gender, race, ethnicity, disability, sexual orientation or religion.

    nw – C’mon, focus on the positive, the new law still allows for plenty of other avenues for trash talk. Clearly they’ve outlined some flexibility in the name of sport, primarily “Yo Momma So Fat…” jokes.

    Now, if they go as far as classifying idiocy as a disability, that’ll really cut into trash talk in a negative way.

  25. chicagofinance says:

    I guess there is no more NY State of mind…..time for Jersey…..
    http://www.youtube.com/watch?v=4U7kuqow3gg

    grim says:
    June 21, 2013 at 6:37 am
    LOWBALL!!!

    From the Record:

    Eddie Murphy’s Englewood mansion goes for $10.4 million

    Has Grammy-winning R&B singer Alicia Keys bought the palatial Englewood home formerly owned by comedian Eddie Murphy?

  26. chicagofinance says:

    I am not joking….the rate of elective Caesarians in Brazil is staggering…basically women would rather cut themselves open because they don’t want to stretch out certain parts of their anatomy……now THAT is dedication to something…..

    The plastic surgeon on the corner from me has a standing vag reju advertisement…..the way its done in Dirty Jerzy……

    Painhrtz – Disobey! says:
    June 21, 2013 at 8:32 am
    dude do you get out of the house? there are incredibly hot chicks all over this country. brazil is the land of plastic surgery. Granted they are hot but c’mon

  27. chicagofinance says:

    Haven’t you ever heard of efficiency? Why do I get the feeling that if I mail ordered 4 bottles of wine from your store it would show up in separate boxes?

    Scrapple n’Ricin says:
    June 21, 2013 at 7:36 am
    Housing is a crowded, one-way trade that’s about to be over. For 50-100 years.

    Scrapple n’Ricin says:
    June 21, 2013 at 7:37 am
    Bidding wars in the Lehigh Valley are always the precursor to a collapse event.

    Scrapple n’Ricin says:
    June 21, 2013 at 7:37 am
    Folks, it sucks out there.

    Scrapple n’Ricin says:
    June 21, 2013 at 7:38 am
    A hamburger at Crapplebees is a big night out in A’town.

  28. JJ says:

    Ok I have a home question.

    Had the painter in for estimate at beach condo. That will be mainly rented with occasional use. I was just think do whole think a plain off white color,since it is mainly a rental, wife now is thinking then ceiling and trim which are white wont pop and is thinking of a color but same time since it is mainly a rental I dont want to go crazy.

    What color should I do living room, dining room, landing bedrooms etc.

    No joking around, since I am hiring someone want and using expensive paint I have to be sure of color. No long do it yourself with cheap paint where the only cost is a $20 dollar can of paint if you dont like it.

  29. nwnj says:

    Post some pics jj. No one can say without seeing the floors, finish details, etc.

  30. grim says:

    Beach rental? Can’t go wrong with beachy pastels, blues and greens. High gloss white trim will absolutely pop. If you want to get creative, you can install chair rail in the main rooms (even though it is not architecturally warranted) and do a two tone.

    Taupe/Light Khaki and white trim is pretty much the defacto standard if you want a quick sale on the house.

  31. Brian says:

    Just tell the doctor to throw in a few extra stitches for you when they’re sewing her up after a natural birth….

    26.chicagofinance says:
    June 21, 2013 at 9:00 am
    I am not joking….the rate of elective Caesarians in Brazil is staggering…basically women would rather cut themselves open because they don’t want to stretch out certain parts of their anatomy……now THAT is dedication to something…..

    The plastic surgeon on the corner from me has a standing vag reju advertisement…..the way its done in Dirty Jerzy……

  32. Brian says:

    Paint the cielings white too.

    30.grim says:
    June 21, 2013 at 9:28 am
    Beach rental? Can’t go wrong with beachy pastels, blues and greens. High gloss white trim will absolutely pop. If you want to get creative, you can install chair rail in the main rooms (even though it is not architecturally warranted) and do a two tone.

    Taupe/Light Khaki and white trim is pretty much the defacto standard if you want a quick sale on the house.

  33. JJ says:

    Thanks for advice!!! Funny chair rails are HUGE NO NO post sandy. Lots of folks who were cheap I noticed cut bottom three or four feet of sheetrock and then to cover it up put a chair rail around room. I see a lot of flooded cheap rental bungalows back on market freshly redone with chair rails to cover bad tape and spackle job.

    Beach rental? Can’t go wrong with beachy pastels, blues and greens. High gloss white trim will absolutely pop. If you want to get creative, you can install chair rail in the main rooms (even though it is not architecturally warranted) and do a two tone.

  34. Anon E. Moose says:

    ChiFi [25];

    Who needs a house out in Hackensack?

  35. grim says:

    I guess there is no more NY State of mind…..time for Jersey…..

    This is OK, but more exaggeration (or just outright making things up) than parody.

    I think Chunky Pam’s Dirty Jersey is still the ultimate parody, mainly because it strikes true on many levels.

    http://www.youtube.com/watch?v=jY4SF8xWKFo

  36. Statler Waldorf says:

    JJ, don’t forget the mirror on the bedroom ceiling.

  37. Grim says:

    37 – hourly rental?

  38. nwnj (23)-

    For several years now, most officials at HS games pay more attention to the stands than the game in front of them. Can’t tell you how many cross-checks to the neck and head and dirty tackles they’ve missed, but managed to stop the game to go over to the crowd to confront a heckler.

  39. chi (27)-

    Possibly. But you wouldn’t be able to figure out which of the boxes was full of C-4 and nails. :)

    “Why do I get the feeling that if I mail ordered 4 bottles of wine from your store it would show up in separate boxes?”

  40. JJ says:

    10-year Treasury yield rises above 2.5%

  41. JJ says:

    I do weekly, monthly, whole summer, winter rental, furnished, unfurnished, year round. Whatever.

    Looking for around $7k for August 1st to Labor Day. That will cover years maint and years insurance in one shot. Then do a Sandy Victim winter rental as this year there are still folks looking for winter rentals near beach while homes are being raised, then summer again next summer. Normally, I would just rent it out year round.

    But Lady left entire living room set, Sleepys gave me a voucher for free beds and lady left trash cans, curtains, hamper, half the kitchen stuff. So I can really furnish whole place for like $300 bucks. The living room set is only three years old from Ramour and Flangian Coach, love seat, chair, end tables, and coffee table whole set. And couple only lived there part time. I swear it feels like brand new. I got brand new beds for free. She left BBQ. I also have a $500 voucher for furniture I am using for nightstands and two extra dining room chairs.

    I got screwed in my primary a bit by not carrying flood insurance, but as a result I got a lot of vouchers and freebies. Which I am using. I have great flood insurance now on both properties.

    I highly doubt NYS is giving me stuff a second time if I still dont have flood!! And US Govt has put me on the naughty list. No soup for me.

    I am a great landlord. Fully furnished all brand new, freshly painted. Plus since I valued shopped I can offer tenant a good rent price as I dont have this big nut to cover. Plus I am giving back to the community.

    Grim says:
    June 21, 2013 at 11:19 am

    37 – hourly rental?

  42. chicagofinance says:

    JJ News At 11….
    Man with 140 lbs. testicles unhappy with removal surgery after op leaves him with 1 inch peni$

    A man with 140 lbs. testicles is unhappy after their removal – as the operation left him with a tiny peni$.

    Wesley Warren Jr had a 13-hour procedure to remove his swollen sac after it grew so huge he had to wear a hoodie top as trousers to support the load.

    The 49-year-old couldn’t have sex and suffered from crippling pain from carrying around the testicles – which weighed more than a baby hippo.

    But now the American fears he will never be able to have a relationship with a woman after the surgery left his manhood measuring just an inch long.

    Speaking exclusively to the Sun, Wesley said: “I know the majority of people are probably expecting me to express extreme happiness and glee that my life has been transformed since the sac has been removed – but it’s not as simple as that.

  43. chicagofinance says:

    I was going for the Alicia Keys angle…..
    grim says:
    June 21, 2013 at 10:22 am
    I guess there is no more NY State of mind…..time for Jersey…..
    This is OK, but more exaggeration (or just outright making things up) than parody.

  44. chicagofinance says:

    I found the true Dirty Jerzy vehicle yesterday……..a fuschia stretch Range Rover limo speeding across rural route 33 at 75 mph away from Exit 8 and the 133 Bypass…….too bad it had PA plates……

    grim says:
    June 21, 2013 at 9:28 am
    Beach rental? Can’t go wrong with beachy pastels, blues and greens. High gloss white trim will absolutely pop. If you want to get creative, you can install chair rail in the main rooms (even though it is not architecturally warranted) and do a two tone.

    Taupe/Light Khaki and white trim is pretty much the defacto standard if you want a quick sale on the house.

  45. Brian says:

    Why wait to fill the car’s battery with electricity when you can just fill it with batteries?

    http://www.bloomberg.com/video/tesla-vs-audi-musk-powers-up-in-90-seconds-flat-XCLn31RZTzit0~v_b_KF7w.html

    Duh?

  46. Brian says:

    Disruptive?

  47. Juice Box says:

    Somebody mentioned Polonium the other day?

    Vladimir Putin Says He Will Make Robert Kraft A Ring To Replace The One He Is Accused Of Stealing. The 2004 Super Bowl ring will, however, remain at the Kremlin.

    http://www.businessinsider.com/putin-robert-kraft-will-get-a-new-ring-2013-6

  48. Juice Box says:

    Now why didn’t i think of this?

    Wagyu beef ownership system” with promised annual returns of 8% is a 4.3 Billion dollar Ponzi. The managers of the Agura farm, located in Tochigi Prefecture, had promised the returns to investors who temporarily “bought” cows from the farm, claiming the returns would come from the sales of calves born to the cows.

    In reality, there weren’t as many cows as the number sold.

    http://blogs.wsj.com/japanrealtime/2013/06/20/wagyu-beef-scandal-leads-to-arrests-lawsuits/?mod=WSJBlog

  49. grim says:

    I was going for the Alicia Keys angle…..

    Now that I know who sings the song, makes a lot more sense now.

  50. zieba says:

    Whenever I hear someone mention dirty jersey, this automatically pops into my mind:
    http://www.youtube.com/watch?v=jY4SF8xWKFo

  51. Anon E. Moose says:

    Holy spambot carpet-bombing!

    I don’t know about you, but suddenly I’m in the mood for cheap Prada shoes, a Samsung Galaxy Note, and missing vitamins! No chance any of those products are counterfeit — what could possibly go wrong?

  52. Grim says:

    4 billion?

  53. Ragnar says:

    JJ I’ll think about buying 10yrs at 5 percent. Long way to go before reaching normal.

  54. Juice Box says:

    re# 21 – Fab I raise your one cheating student in France to a whole class of 800 students in China.

    http://www.telegraph.co.uk/news/worldnews/asia/china/10132391/Riot-after-Chinese-teachers-try-to-stop-pupils-cheating.html

  55. In China, the idiots are the ones who don’t cheat.

  56. Anon E. Moose says:

    Scrapple [57];

    Just in China?

  57. China and Long Island.

  58. Richard says:

    Wow quiet afternoon.

    not quiet on the mortgage world. Nightmare for Mortgage Rates: Way Worse Than Freddie Told You http://www.mortgagenewsdaily.com/consumer_rates/313878.aspx

    Will be interesting to see if it squeezes this mini-house buying bubble we’re having.

  59. Grim says:

    4.625%? Holy crap

  60. Libtard at home says:

    “4.625%? Holy crap”

    I see the best 15-year is now 3.375. We locked at 2.75 (no cost), which was the equivalent of a 2.6. I still can’t believe we nailed the bottom to the absolute lowest of all all time and the record may very well hold for a while. And to make it even more incredible, it was only down there for one day! Even our 3.5 on our multi is looking pretty amazing when considering the 1/2 to 1 percent penalty on the mortgage rate for investment property.

  61. Housing returns to its natural dead money state.

    Move along; nothing to see here.

  62. Hughesrep says:

    63

    Humble brag.

    Any simple private golf club recommendations around central jersey?

    Looking for a golf club as opposed to a country club. Don’t need the social crap. Want a private club with a range, a grill room, lockers and a bar.

    Company will pay for it, customer golf mostly for a line North of 195., Centrally located. Edison or so area?

  63. Hughesrep says:

    Keep in mind I would not join a club that would have me as a member.

  64. Libtard at home says:

    Tamarack is supposed to be a good course, but I think they have the social krap too.

  65. chicagofinance says:

    Probably too far south, but right off Route 18 or about 10 minutes from GSP Exit 109….

    Hughesrep says:
    June 21, 2013 at 10:19 pm
    Any simple private golf club recommendations around central jersey?

    Looking for a golf club as opposed to a country club. Don’t need the social crap. Want a private club with a range, a grill room, lockers and a bar.
    Company will pay for it, customer golf mostly for a line North of 195., Centrally located. Edison or so area?

    http://www.trumpcoltsneck.com/Default.aspx?p=DynamicModule&pageid=286593&ssid=164278&vnf=1

  66. chicagofinance says:

    nom….you were supposed to drop clot off in Branchburg…..not in the Holland you dimwit!!!!!!

    The Holland Tunnel was temporarily closed tonight after an intoxicated man was found walking inside of the tunnel, police said.

    The man was seen on surveillance cameras walking through the tunnel about 9:45 p.m. after being dropped off by a friend. Both tunnels were closed for about two minutes, according to authorities.

    The subject was taken into custody and was arrested for trespassing. It is unknown as to why he was dropped off inside the tunnel.

  67. htHfELNS says:

    htHfELNS http://www.hBAN8J5AtUXsZ4w7u20904.com/
    [url=http://www.hBAN8J5AtUXsZ4w7u20904.com/]htHfELNS[/url]
    htHfELNS

  68. Comrade Nom Deplume, Halfwit dumbass says:

    [68] chifi

    I was gonna leave him in Red Bank but he got too annoying.

  69. Comrade Nom Deplume, Halfwit dumbass says:

    OT Alert.

    Rider? Seriously? This guy can go anywhere and he chooses Rider?

    http://www.utsandiego.com/news/2013/Jun/20/scout-earns-135-merit-badges/?#article-copy

  70. Anon E. Moose says:

    ChiFi [68];

    Someone got it wrong — Its supposed to be “Hey, I’m headed over the bridge; can I drop you off?”

  71. grim says:

    He’s not nearly done earning merit badges. Didn’t anyone ever tell him that there were college specific badges that they don’t tell you about until your first day on campus?

    http://www.demeritwear.com/College_c_11.html

  72. NJCoast says:

    Anyone going to the Count Basie Theatre in Red Bank this week? There are 9 shows between now and July 2. Working for these artists are seriously cutting into my beach time. Starland Ballroom opens back up in September!

  73. grim says:

    I’m thinking about going to see Byrne, but I’m not a huge fan of Love This Giant.

  74. Comrade Nom Deplume, Bostonian says:

    [73] grim,

    yeah, I’ve earned most of those. And a few others that they haven’t got around to making yet.

  75. Comrade Nom Deplume, Bostonian says:

    [64] hughes

    Never played it or even went, but folks speak highly of Shackamaxon in Scotch Plains. I suspect you will get some attitude but based on those I know who belong there, nothing remotely close to the Baltrusol wannabes.

  76. Painhrtz - Disobey! says:

    Do they have JJ merit badge for fingering Mary Jane rotten crotch under her pretty pink panties? Most boys scouts I knew folded up like cheap tents the minute you got them off the marked trails. Buddy of mine who was an eagle scout got lost when we we doing some back country.trout fishing. When I found him asked if they had an inability to read a compass and walk in circles badge.

  77. Comrade Nom Deplume, Halfwit dumbass says:

    [78] pain

    Guys I was with were pretty good backcountry guys. And they also had merit badges in twisting doobies with one hand.

  78. Hughesrep says:

    77

    Thanks. The Shack was on my list of potentials for geography if nothing else.

  79. Comrade Nom Deplume, Halfwit dumbass says:

    Quel surprise.

    http://www.cnbc.com/id/100829583

    What is being soft pedaled in this article is the effect of taxes and the left’s war on wealth. It has created in many what I think is a psychological disincentive to give. I said before that charities would be casualties in the class struggle so this doesnt surprise me. And I know many who have said “fcuk them, if they are intent on taking it, why give it up voluntarily? Let them get my money from Obama” and have curtailed or stopped charitable giving altogether.

    And I doubt they are stung by disopprobrium from Fabius, ottoman and anon (the left one). And where’s schabadoo when we need him? Someone has to identify the psychological disorder that former donors must be suffering from.

  80. Charities are like mini-gubmints. Who wants to toss their money into that kind of vortex?

  81. chicagofinance says:

    Nom: I would sign this free agent for the nompound……

    Sgt. 1st Class Dillard Johnson is the deadliest US soldier on record – with 2,746 kills
    By GARY BUISO

    With 2,746 confirmed kills, Sgt. 1st Class Dillard Johnson is the deadliest American soldier on record — and maybe the most humble.

    As a commander of a Bradley Fighting Vehicle nicknamed “Carnivore,” Johnson, 48, helped lead the ground assault during Operation Iraqi Freedom, overwhelming the enemy with a relentless show of military might that left a trail of dead in his wake.

    Johnson was obliged to report confirmed kills to his superiors, cataloging the dead in a green journal that revealed the astonishing tally — which only began to come light as he and co-writer James Tarr were researching his exploits for his memoir, also titled “Carnivore.”

    There may have been a deadlier soldier in an earlier war, but since detailed records have been kept, Johnson tops the list.

    It’s a mantle he is reluctant to embrace.

    “It’s sort of sad to say, but they’re just another pencil mark,” Johnson told The Post, referring to his journal notations. “I didn’t think of the numbers . . . That’s not a boast I would make.”

    Johnson, 48, grew up in Island, Ky., hanging out in strip mines and hunting deer with his daddy’s gun. His first kill came at the tender age of 13, when he nailed a six-point buck with a .22-caliber rifle.

    In high school, he joined the ROTC, and in 1986, he joined the Army, fulfilling a childhood dream spawned from the pages of comic books.

    “When I was growing up, everyone wanted to be an astronaut, a cowboy, or a firefighter. I wanted to be Sgt. Rock,” he said, referring to DC Comics’ gritty WWII hero.

    In Iraq, he joined Charlie Troop, 3rd Squadron, 7th Cavalry, going on to hunt bigger game — wiping out a truckload of Iraqis with six high-explosive rounds in March 2003 at the battle of As Samawah, his first KIAs.

    He counted the dead by tallying rifles — and human heads — among the mangled or charred wreckage left behind by the Carnivore.

    In his second tour, in 2005, he took up sniping, logging 121 kills, his longest from 821 yards, a skill that was honed hunting in Kentucky. His total is second only to the late Chris Kyle, the Navy SEAL who had 160 kills.

    “I had already had the talent of being able to shoot due to the fact that I grew up with a rifle that wasn’t zeroed to me,” he said, recalling his early use of a gun calibrated for his father.

    After two tours in the second Iraqi war, he took home 37 medals, including a Silver Star and four Purple Hearts. He gives all the credit to his troop — call sign “Crazy Horse” — whose lineage dates back to Gen. George Custer. “There’s not another brotherhood like it,” he said.

    His past never haunts him.

    “I killed when I needed to . . . I was brutal when I needed to be, but I was compassionate when I needed to be,” he said. “In my mind, I never killed anyone who wasn’t trying to kill me or trying to do harm.”

    He has a bullet permanently lodged in his leg, and the battlefield left him with a new enemy to fight — Stage 3 Hodgkin’s lymphoma. He believes he developed the cancer from inhaling particles from armor-piercing depleted uranium (DU) shells — which turn radioactive when superheated upon firing — but he has no regrets.

    “I’m not upset that the DU gave me cancer. If I hadn’t had the DU rounds, there were vehicles that I wouldn’t have been able to destroy that would have killed me,” he said.

    The cancer was in remission but returned in January. He will undergo chemotherapy at the end of the summer.

    These days, Johnson lives in Daytona Beach, Fla., is married with four kids and works as a consultant for an ammunition company. He doesn’t display his accolades or wartime souvenirs — not even the Iraq flag he took off Saddam Hussein’s limousine.

    And he’s given up hunting, preferring to surf with his 13-year-old son.

    In his memoir, which goes on sale Tuesday, he quotes Hemingway: “Those who have hunted armed men long enough and liked it, never really care for anything else thereafter.”

  82. grim says:

    Never realized DU was so carcinogenic, why is this not classified as a chemical weapon?

  83. Painhrtz - Disobey! says:

    Grim it was suspected as one of the main culprits in gulf war syndrome from the first Iraq war though never proven. I believe there was also a petition to the Hague toave it banned for the question you just asked.

  84. joyce says:

    Comrade,
    I guess about half your posts contain a mention of “the left”… you would be very well served by moving past that false dichotomy.

  85. joyce says:

    84
    Juice, that article is satire right?

  86. Comrade Nom Deplume, Halfwit dumbass says:

    [87] Joyce,

    For better or worse, these are the camps. And while my own Venn Ballantine modeling may more closely resemble a Myers-Briggs model, but this is largely the Matrix told we know.

  87. Comrade Nom Deplume, Halfwit dumbass says:

    The story itself isn’t news but the fact that Littler is setting up a consulting group within the firm just to counsel on Obamacare is telling.

    http://www.cnbc.com/id/100825782

  88. joyce says:

    “This is largely the matrix told we know”

    ??

  89. Comrade Nom Deplume, Halfwit dumbass says:

    [91] Joyce

    Typo. Should read this is largely the Matrix-type world we know.

Comments are closed.